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The 5 minute TF S&R trading system

  • #4,501
  • Oct 31, 2013 6:47am Oct 31, 2013 6:47am
Quoting Dufoo
What now? Two candles closed above... hmmm {image}

Did you take it?
  • #4,502
  • Oct 31, 2013 6:48am Oct 31, 2013 6:48am
Well? how did everybody go?
  • #4,503
  • Oct 31, 2013 6:49am Oct 31, 2013 6:49am
Quoting Oakwoodinc
{quote} Did you take it?
No I did not, it was too risky You?
  • #4,504
  • Oct 31, 2013 6:54am Oct 31, 2013 6:54am
For now 32 is sell number
  • #4,505
  • Oct 31, 2013 7:08am Oct 31, 2013 7:08am
Quoting fxpivots
For now 32 is sell number
Took 7 pips as it is after 10.
  • #4,506
  • Oct 31, 2013 7:10am Oct 31, 2013 7:10am
Wow entry missed by 1/2 a pip
  • #4,507
  • Oct 31, 2013 7:16am Oct 31, 2013 7:16am
Quoting fxpivots
Wow entry missed by 1/2 a pip
FX, that is why I watch price like a hawk and entry manual market.
  • #4,508
  • Oct 31, 2013 7:19am Oct 31, 2013 7:19am
Well unless price comes back and takes out this 2b its pretty much over. Heres October's recap as you know I had went back to candlestick chart in the middle of the month for my analysis if I had begun month I would have made a lot more which is very encouraging I had 1 3% win 4 2% wins and a 1 .5% totaling12.5% not bad at all.
  • #4,509
  • Oct 31, 2013 9:06am Oct 31, 2013 9:06am
good month fx - well done. I had quite a few extra trades in oct:

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Become the casino
  • #4,510
  • Oct 31, 2013 9:37am Oct 31, 2013 9:37am
Nice charts erasmus you seem to have got a handle of this
  • #4,511
  • Oct 31, 2013 9:47am Oct 31, 2013 9:47am
FX. Is there an explanation why the trade at 9:30 was not one you would take, but you liked the trade at 10:00.
  • #4,512
  • Oct 31, 2013 10:33am Oct 31, 2013 10:33am
There was news at 945.
  • #4,513
  • Oct 31, 2013 10:48am Oct 31, 2013 10:48am
Quoting fxpivots
Well unless price comes back and takes out this 2b its pretty much over. Heres October's recap as you know I had went back to candlestick chart in the middle of the month for my analysis if I had begun month I would have made a lot more which is very encouraging I had 1 3% win 4 2% wins and a 1 .5% totaling12.5% not bad at all.
Fxpivots, did you manage to read the pm I sent you? Would you be so kind
  • #4,514
  • Oct 31, 2013 10:48am Oct 31, 2013 10:48am
FX, I was curious about Sossos's question as well. Did the fact that there was Divergence on the 2b, and a possible long setting up with 10 ticks or less between them influence your decision also, or would those factors have played a part in your analysis had there not been news on the horizon to disregard any upcoming trades?
  • #4,515
  • Oct 31, 2013 10:51am Oct 31, 2013 10:51am
thanks fx. i've backtested 2011, 2012, and 2013(to date). the worst month i've come across is aug 2012 giving 3 wins, 7 losses and 2 b/e's:

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Become the casino
  • #4,516
  • Oct 31, 2013 10:51am Oct 31, 2013 10:51am
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Become the casino
  • #4,517
  • Oct 31, 2013 11:55am Oct 31, 2013 11:55am
Quoting erasmus66
thanks fx. i've backtested 2011, 2012, and 2013(to date). the worst month i've come across is aug 2012 giving 3 wins, 7 losses and 2 b/e's:

Hello John and all,

just a quick question that occurred to me here, how did you manage to account for historical news data releases during your 3 year backtesting period?
  • #4,518
  • Oct 31, 2013 12:09pm Oct 31, 2013 12:09pm
go to calendar and you can go back as far as you want
  • #4,519
  • Oct 31, 2013 1:33pm Oct 31, 2013 1:33pm
Hey erasmus I just looked over your august 2012 trades here are the results 6 3% wins 1 2% win 2 3% losses total 14% here are the charts
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  • #4,520
  • Oct 31, 2013 1:35pm Oct 31, 2013 1:35pm
heres last 6 charts
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