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The 5 minute TF S&R trading system

  • #4,641
  • Nov 12, 2013 10:47am Nov 12, 2013 10:47am
Thanks erasmus cant be in 3 olaces at same time
  • #4,642
  • Nov 12, 2013 11:15am Nov 12, 2013 11:15am
Is this setup valid.


We have a 2 full higerh closes than 99,772 and then price comes back and we have a Stop Loss.

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  • #4,643
  • Nov 12, 2013 11:15am Nov 12, 2013 11:15am
no probs fx- did you take the 34 long
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  • #4,644
  • Nov 12, 2013 11:34am Nov 12, 2013 11:34am
oak, at the time of that trade price had only broke above the high by 6pips, adjust ur chart so u see how small the range is, put ur cursor on the price readout on the far right of the chart, hold down the left button on ur mouse and move it up/down until the diff in price is 5 pips--makes it easier to see the size of the bars/trading range--charts default to taking up whole area
  • #4,645
  • Nov 12, 2013 11:55am Nov 12, 2013 11:55am
Quoting tbjohnton
oak, at the time of that trade price had only broke above the high by 6pips, adjust ur chart so u see how small the range is, put ur cursor on the price readout on the far right of the chart, hold down the left button on ur mouse and move it up/down until the diff in price is 5 pips--makes it easier to see the size of the bars/trading range--charts default to taking up whole area

You are right

Thanks
  • #4,646
  • Edited 3:51am Nov 13, 2013 2:37am | Edited 3:51am
Good Morning

Ok here is another trade

short at 30

hit TP-)
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  • #4,647
  • Nov 13, 2013 4:13am Nov 13, 2013 4:13am
Am I alone ?

where are the masters ? lol
  • #4,648
  • Nov 13, 2013 4:22am Nov 13, 2013 4:22am
good morning omid, the trade window is 7am until 11am est(for me this is 12 noon until 4pm as i am in the uk). also, you are using line charts and should be using candles. however, yes signal looks legit to me if you choose to trade this time of the day - well done good trade
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  • #4,649
  • Nov 13, 2013 4:31am Nov 13, 2013 4:31am
Thank you Erasmus,

So you are trading only between the begining of New York session and the end of London session....

well i started to read again the post, and at some point fxpivots was using line charts... then he switched to candles charts... I will swich to candles chart again.
  • #4,650
  • Nov 13, 2013 5:52am Nov 13, 2013 5:52am

Excellent post. Where I can find the details of the strategy, have you created any document/pdf that explains the system?

Thanks for helping.

Enter Signature
  • #4,651
  • Nov 13, 2013 6:47am Nov 13, 2013 6:47am
Here is another

short at 62 but i missed -)
tp hit
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  • #4,652
  • Edited 8:27am Nov 13, 2013 7:55am | Edited 8:27am
2 b formed.

long on 64?
cancelled
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  • #4,653
  • Nov 14, 2013 4:28am Nov 14, 2013 4:28am
Two setups from today European Session:


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  • #4,654
  • Nov 14, 2013 5:22am Nov 14, 2013 5:22am
both nice setups oak. haven't backtested european session yet, but is on my to do list
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  • #4,655
  • Nov 14, 2013 5:44am Nov 14, 2013 5:44am
Quoting erasmus66
both nice setups oak. haven't backtested european session yet, but is on my to do list

Thanks
  • #4,656
  • Nov 14, 2013 5:56am Nov 14, 2013 5:56am
37 short unless we get 123
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  • #4,657
  • Nov 14, 2013 6:20am Nov 14, 2013 6:20am
be
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  • #4,658
  • Nov 14, 2013 8:16am Nov 14, 2013 8:16am
45 long
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  • #4,659
  • Nov 14, 2013 8:33am Nov 14, 2013 8:33am
in Skype room fx said no with double scenario at 52
  • #4,660
  • Nov 14, 2013 8:42am Nov 14, 2013 8:42am
be
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