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The 5 minute TF S&R trading system

  • #4,661
  • Nov 14, 2013 6:43am Nov 14, 2013 6:43am
cheers tb just having a look at this now will post a graph
Become the casino
  • #4,662
  • Nov 14, 2013 6:51am Nov 14, 2013 6:51am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd14nov2013.GIF Size: 43 KB
Become the casino
  • #4,663
  • Nov 14, 2013 6:52am Nov 14, 2013 6:52am
and there's tp shame i didn't hold
Become the casino
  • #4,664
  • Nov 14, 2013 6:58am Nov 14, 2013 6:58am
dont kill the messenger, i was just passing along what was said in the skype room. if u have an ipad or smartphone, u should be able to use that to join skype
  • #4,665
  • Nov 14, 2013 7:17am Nov 14, 2013 7:17am
apologies tb i didn't mean it like that - grateful that you brought it to my attention
Become the casino
  • #4,666
  • Nov 14, 2013 7:18am Nov 14, 2013 7:18am
getting new pc next week so will join you in skype then
Become the casino
  • #4,667
  • Nov 14, 2013 8:11am Nov 14, 2013 8:11am
Great erasmus looking forward to it
  • #4,668
  • Nov 15, 2013 7:23am Nov 15, 2013 7:23am
will sell at 85 if it comes back
Become the casino
  • #4,669
  • Nov 15, 2013 7:52am Nov 15, 2013 7:52am
Hello guys, can someone please clarify these

1. You trade the London/US overlap?
2. TP/SP is 10pips not 15pips as in the first post?
3. Entry is the last swing high/swing low not 1pip bellow/above?

Thanks
  • #4,670
  • Nov 15, 2013 7:55am Nov 15, 2013 7:55am
hey spike,

trade window is 7am through 11am est.

tp is 10 pips
Become the casino
  • #4,671
  • Nov 15, 2013 7:56am Nov 15, 2013 7:56am
no trades today. good weekend all
Become the casino
  • #4,672
  • Nov 15, 2013 8:31am Nov 15, 2013 8:31am
Thanks erasmus, I see like an hour before US opens, although I always considered the market openings as news.
I suppose the entry is the pullback last high/low.
  • #4,673
  • Nov 15, 2013 12:19pm Nov 15, 2013 12:19pm
Hi Traders, very interesting and would say "natural" approach to trade pure PA.
I think will give a try to see if I will be able to profit from this system.
Just one problem, someone please explain me, on first page I can read trades based on BO of the point 2 of 1-2-3 pattern and second pulback trade from price level of point 2 of 1-2-3 pattern.
But later, pdf prepared by Fxpivots say only about pullback trades... what changed , what was the reson to avoid direct BO of 1-2-3 pattern?
Or maybe I took something wrong??
Have nice weekend traders
JacekPreserve Precious Capital
  • #4,674
  • Nov 15, 2013 12:52pm Nov 15, 2013 12:52pm
the pdf has the latest info--just trading the pullbacks not the BO
  • #4,675
  • Nov 15, 2013 12:56pm Nov 15, 2013 12:56pm
Quoting tbjohnton
the pdf has the latest info--just trading the pullbacks not the BO
Thank you mate
JacekPreserve Precious Capital
  • #4,676
  • Nov 16, 2013 3:24am Nov 16, 2013 3:24am
Quoting erasmus66
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
Sir, have you ever tryied early London session, please? Is a special purpose to trade as inventor of the system who is living in East Coast?
I will try to to backtest a bit early London, or is not worth to do it??
Have nice weekend
JacekPreserve Precious Capital
  • #4,677
  • Edited 6:30am Nov 16, 2013 5:31am | Edited 6:30am
Quoting Jackub
{quote} Sir, have you ever tryied early London session, please? Is a special purpose to trade as inventor of the system who is living in East Coast? I will try to to backtest a bit early London, or is not worth to do it?? Have nice weekend
++++++++++++++++++++++++++++++++


Hi Jakub. SS is M5 EurAud from 31 October this year. Gray box is LO to LC.


Most of the trades I've been finding have occurred from London lunch thru the close. Have not looked at Yens yet, but would imagine they can set up at different times. Just start having a look.


FXPivots has been around for awhile. He is always innovative and has a knack for this sort of thing.


Sorry about the MA on my chart. It has no significance.
Darryl

(EDIT) I did not follow the basic "End of Trend" rule for this trades entry. However this is a continuation of trend since NY close and set happens at the beginning of London. I am prepared to receive my punishment...






Attached Image (click to enlarge)
Click to Enlarge Name: EurAud 10-31-13.png Size: 22 KB
  • #4,678
  • Nov 16, 2013 5:49am Nov 16, 2013 5:49am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Hi Jakub. SS is M5 EurAud from 31 October this year. Gray box is LO to LC. Most of the trades I've been finding have occurred from London lunch thru the close. Have not looked at Yens yet, but would imagine they can set up at different times. Just start having a look. FXPivots has been around for awhile. He is always innovative and has a knack for this sort of thing. Sorry about the MA on my chart. It has no significance. Darryl {image}
Thanks, will try tomorrow to go back month or two on majors to see how it is working, if I come to conlusion will share this in here...
JacekPreserve Precious Capital
  • #4,679
  • Nov 17, 2013 1:08am Nov 17, 2013 1:08am
Lack of the time not allowed to spent more time on backtesting, but made some test anyway...
If somebody interested, please find attached zipped files with excel and screenschots
This is an EU charts from25 sept till last of october this year

Dark Orange vertical bar it is LO
Lime vertical bar it is 7 am EST
Red vertical bar is 11 am EST
Only setups giving BE or win of 10 pips was marked. No position was taken before or after vertical bars (trading only LO till 11 am EST)

I do understand this can not be very trustful bcoz
1) small amount of data
2) my lack of the skill to find setups

I know digging in historical data seeing future is not a best way to learn market, but please treat this as my exercise, before simulator an live market

what I found for myself in this backtest...?
7-11 am EST brings more succesful signals then early London, many trades are cooked in early London worked out late London 7-11am EST (somehow obvious...)


Any comments, or any kind of mistake pointed out will be appreciated... thanks in advance

Attached File(s)
File Type: rar backtest.rar   1.1 MB | 369 downloads
JacekPreserve Precious Capital
  • #4,680
  • Nov 17, 2013 10:20am Nov 17, 2013 10:20am
Quoting Jackub
Lack of the time not allowed to spent more time on backtesting, but made some test anyway... If somebody interested, please find attached zipped files with excel and screenschots This is an EU charts from25 sept till last of october this year Dark Orange vertical bar it is LO Lime vertical bar it is 7 am EST Red vertical bar is 11 am EST Only setups giving BE or win of 10 pips was marked. No position was taken before or after vertical bars (trading only LO till 11 am EST) I do understand this can not be very trustful bcoz 1) small amount of data...
The very first Trade is not a setup that goes along with the rules of this system here

I dont see the 2 full closing candles in a row with at least 1 pip away from point 2
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