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The 5 minute TF S&R trading system

  • #5,081
  • Jan 13, 2014 10:21am Jan 13, 2014 10:21am
Quoting cmz118
{quote} {image} is that right?

Yes thats how i do it.
  • #5,082
  • Jan 13, 2014 10:28am Jan 13, 2014 10:28am
Quoting Oakwoodinc
{quote} Yes thats how i do it.
Thanks oak,we should also quickly count the position once signal emerge
  • #5,083
  • Jan 13, 2014 11:02am Jan 13, 2014 11:02am
Quoting cmz118
{quote} Thanks oak,we should also quickly count the position once signal emerge

Basically what you can do is develop a small programm that you manually start when you in trading mode and it does everything for you. Especially when it comes to MoneyManagement it could be good to control emotions.
  • #5,084
  • Jan 13, 2014 11:14am Jan 13, 2014 11:14am
Quoting Oakwoodinc
{quote} Basically what you can do is develop a small programm that you manually start when you in trading mode and it does everything for you. Especially when it comes to MoneyManagement it could be good to control emotions.
Can you introduce your small programm?Is it an open Script? My only method is excel(fill in the price it help me count the position(moneymanagement) and then I fill in MT4 when ready to trade)
  • #5,085
  • Jan 13, 2014 11:25am Jan 13, 2014 11:25am
Quoting cmz118
{quote} Can you introduce your small programm?Is it an open Script? My only method is excel(fill in the price it help me count the position(moneymanagement) and then I fill in MT4 when ready to trade)

I do not have a programm, i use http://www.maniforex.de/forex-positionsgrosenrechner to calculate risk but its german i think you can use it also
  • #5,086
  • Jan 13, 2014 11:26am Jan 13, 2014 11:26am
Quoting Oakwoodinc
{quote} I do not have a programm, i use http://www.maniforex.de/forex-positionsgrosenrechner to calculate risk but its german i think you can use it also
NICE! Thank you!
  • #5,087
  • Jan 13, 2014 9:08pm Jan 13, 2014 9:08pm
Quoting Oakwoodinc
{quote} Maybe FXPIVOT wants to comment on that. I look for a breakout and take the 123 or try to catch the end of an trend and trade the 123 but thats just me. Just post some charts and we discuss it :-)
thanks oak. cheers!
  • #5,088
  • Jan 14, 2014 1:57am Jan 14, 2014 1:57am
Fxpivots. Pls arent there any other stuff that constitute part of your trading plan like checking higher time frames first. Would you like to share so we have a full well-rounded proceedure of this method? I mean everything you do before, during, and after the trade?
Thanks
  • #5,089
  • Jan 14, 2014 3:25am Jan 14, 2014 3:25am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5.png Size: 28 KB
How shd I have entered this trade? Could'nt make up my mind. Just stood by and watched. Apparently I have a lot to learn.
  • #5,090
  • Jan 14, 2014 4:35am Jan 14, 2014 4:35am
Quoting wnabo
{image}How shd I have entered this trade? Could'nt make up my mind. Just stood by and watched. Apparently I have a lot to learn.

Do not use USD JPY because ATR is way to low to make good trades. Setting SL with 5-9 pips and Spread more than 2 pips is senseless

Use EUR/JPY like PIVOT
  • #5,091
  • Jan 14, 2014 4:39am Jan 14, 2014 4:39am
Quoting wnabo
Fxpivots. Pls arent there any other stuff that constitute part of your trading plan like checking higher time frames first. Would you like to share so we have a full well-rounded proceedure of this method? I mean everything you do before, during, and after the trade? Thanks
Higher time frames are not needed. Strictly follow the rules. This makes the system so easy, you do not need anything than your eyes and price action from maybe the last 24 hours not more
  • #5,092
  • Jan 14, 2014 6:37am Jan 14, 2014 6:37am
Quoting Oakwoodinc
{quote} Higher time frames are not needed. Strictly follow the rules. This makes the system so easy, you do not need anything than your eyes and price action from maybe the last 24 hours not more
Hello Oakwoodinc!

And what are the rules? Sorry, but I can't watch the video...
  • #5,093
  • Jan 14, 2014 7:49am Jan 14, 2014 7:49am
I use this calculator if its any help
Attached File(s)
File Type: zip Calc.zip   2.8 MB | 303 downloads
  • #5,094
  • Jan 14, 2014 8:37am Jan 14, 2014 8:37am
Quoting Morcos
{quote} Hello Oakwoodinc! And what are the rules? Sorry, but I can't watch the video...

Download and install TeamViewer then open the video file with it and voila
  • #5,095
  • Jan 14, 2014 8:59am Jan 14, 2014 8:59am
Anybody took trades today?
  • #5,096
  • Jan 14, 2014 9:26am Jan 14, 2014 9:26am
my take on feb 2012:
Become the casino
  • #5,097
  • Jan 14, 2014 9:26am Jan 14, 2014 9:26am
Quoting Oakwoodinc
Anybody took trades today?
Could take this one early in London session. Was not at my computer
Attached Image (click to enlarge)
Click to Enlarge Name: Image 9.jpg Size: 241 KB
  • #5,098
  • Jan 14, 2014 9:26am Jan 14, 2014 9:26am
2nd feb, eurjpy 2% win:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy02feb12.GIF Size: 45 KB
Become the casino
  • #5,099
  • Jan 14, 2014 9:30am Jan 14, 2014 9:30am
6th feb, eurusd 2% win:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd06feb12.GIF Size: 42 KB
Become the casino
  • #5,100
  • Jan 14, 2014 9:32am Jan 14, 2014 9:32am
8th feb, eurjpy 3% loss:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy08feb12.GIF Size: 42 KB
Become the casino
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