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The 5 minute TF S&R trading system

  • #4,721
  • Nov 21, 2013 10:44am Nov 21, 2013 10:44am
Quoting erasmus66
nice short on cable earlier: {image}
I saw that one too
  • #4,722
  • Nov 21, 2013 11:13am Nov 21, 2013 11:13am
Quoting erasmus66
nice short on cable earlier: {image}
If a new swing low forms in a downtrend aren't we supposed to wait for a pullback to it?
  • #4,723
  • Nov 21, 2013 11:51am Nov 21, 2013 11:51am
Quoting spike00spieg
{quote} If a new swing low forms in a downtrend aren't we supposed to wait for a pullback to it?

There was a pullback, hemarked it or what do you mean?
  • #4,724
  • Nov 22, 2013 3:00am Nov 22, 2013 3:00am
is that a valid setup:

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  • #4,725
  • Nov 22, 2013 3:55am Nov 22, 2013 3:55am
Is this valid:

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  • #4,726
  • Nov 22, 2013 4:35am Nov 22, 2013 4:35am
Valid setup:

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  • #4,727
  • Nov 22, 2013 5:12am Nov 22, 2013 5:12am
Valid setup:


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  • #4,728
  • Nov 22, 2013 5:26am Nov 22, 2013 5:26am
Comments please:

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  • #4,729
  • Nov 22, 2013 8:00am Nov 22, 2013 8:00am
123 short for b/e:

Attached Image (click to enlarge)
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Become the casino
  • #4,730
  • Nov 22, 2013 8:02am Nov 22, 2013 8:02am
i always ignore the price spike oak so high would be 1.3521 for me
Become the casino
  • #4,731
  • Nov 22, 2013 8:03am Nov 22, 2013 8:03am
Comments please:


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  • #4,732
  • Nov 22, 2013 8:04am Nov 22, 2013 8:04am
Quoting erasmus66
123 short for b/e: {image}

Why didnt you mark that Long entry???

Clear break and retest
  • #4,733
  • Nov 22, 2013 8:17am Nov 22, 2013 8:17am
oak, we have signal long at 1.3521 initially, but 123 forms at the top giving a signal short at 1.3522. this is double scenrio with not enough room. once the 123 break goes through 1.3521, then the 1.3521 long signal becomes irrelevant and our focus turns to the 123 short at 1.3522:

Attached Image (click to enlarge)
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Become the casino
  • #4,734
  • Nov 22, 2013 8:33am Nov 22, 2013 8:33am
Quoting erasmus66
oak, we have signal long at 1.3521 initially, but 123 forms at the top giving a signal short at 1.3522. this is double scenrio with not enough room. once the 123 break goes through 1.3521, then the 1.3521 long signal becomes irrelevant and our focus turns to the 123 short at 1.3522: {image}
Your long signal did get hit since you have to add spread that's why I dont understand your explanation
  • #4,735
  • Nov 22, 2013 8:45am Nov 22, 2013 8:45am
i understand, yes if you add spread then long would have triggered(but would have been lucky to fill?). i'm using limit orders at the pullback price
Become the casino
  • #4,736
  • Nov 22, 2013 8:55am Nov 22, 2013 8:55am
Quoting erasmus66
i understand, yes if you add spread then long would have triggered(but would have been lucky to fill?). i'm using limit orders at the pullback price

Everybody is using Limit Orders but you are saying you dont add spread to your entryprice you just take the price you mark , yes?
  • #4,737
  • Nov 22, 2013 9:29am Nov 22, 2013 9:29am
correct
Become the casino
  • #4,738
  • Nov 22, 2013 3:44pm Nov 22, 2013 3:44pm
Meeting postponed
  • #4,739
  • Nov 25, 2013 3:32am Nov 25, 2013 3:32am
Guys this is a trade I took today during London which turned out to be a loss! I bought at the pink line. Am I done something wrong? or its just a loss? thanks
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  • #4,740
  • Nov 25, 2013 7:00am Nov 25, 2013 7:00am
Hi all,

just finished reading all pages, now starting with a small account to proof my knowledge.
Wish you all luck.

regards,
Peter
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