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The 5 minute TF S&R trading system

  • #5,141
  • Jan 15, 2014 7:26am Jan 15, 2014 7:26am
Quoting Oakwoodinc
{quote} Now but this is 15 min and we only trade 5 min here But trade was good of course ;-)
Oak this is my point, we trade here 5 minut TF, but we should watching everywhere to improve winning rate.
If I have not this S/R form M15 probably I would never took this trade on M5. This S/R is so obvious on M15 and is working, my SL was only 7 pips.
have good day !
JacekPreserve Precious Capital
  • #5,142
  • Jan 15, 2014 7:27am Jan 15, 2014 7:27am
Quoting erasmus66
hi fx, many thanks for your response - much appreciated. with reference to eurusd on 15th feb, doesn't candle 2 high have to break candle 1 high: {image}
no Erasmus it just needs to take out candle to left.
  • #5,143
  • Jan 15, 2014 7:32am Jan 15, 2014 7:32am
Hello traders,

I join today. I found a trade on GBPUSD and closed recently. It was a win!

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  • #5,144
  • Jan 15, 2014 7:36am Jan 15, 2014 7:36am
Quoting Jackub
{quote} Oak this is my point, we trade here 5 minut TF, but we should watching everywhere to improve winning rate. If I have not this S/R form M15 probably I would never took this trade on M5. This S/R is so obvious on M15 and is working, my SL was only 7 pips. have good day !

I am just sticking to the original to not confuse other people

:-)
  • #5,145
  • Jan 15, 2014 8:04am Jan 15, 2014 8:04am
Example from right now:



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  • #5,146
  • Jan 15, 2014 9:33am Jan 15, 2014 9:33am
Quoting Oakwoodinc
Example from right now: {image}
Oak,

was that example for short or long trade, please?
  • #5,147
  • Jan 15, 2014 9:46am Jan 15, 2014 9:46am
Quoting Knez
{quote} Oak, was that example for short or long trade, please?

For Short my friend:

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  • #5,148
  • Jan 15, 2014 9:55am Jan 15, 2014 9:55am
Quoting Oakwoodinc
{quote} For Short my friend: {image}
Thank you for your answer.

wouldn't be better like this:
http://clip2net.com/s/6BhwnR
  • #5,149
  • Jan 15, 2014 10:09am Jan 15, 2014 10:09am
Quoting Knez
{quote} Thank you for your answer. wouldn't be better like this: http://clip2net.com/s/6BhwnR

You have to watch the teamviewer earlier posted here

Your 1 2 3 is more on a higher timeframe than 5 min
  • #5,150
  • Edited 11:34am Jan 15, 2014 10:41am | Edited 11:34am
So many good opportunities today, I am trying to trade this using pullbacks, breakouts and the 2b with just SR levels. So far so good! The teamviewer sound doesnt work on the video for me so I just looking at the posts of pictures and using my own charting exp. as I am huge on S/R

EURUSD made 10 pips on the pullback
GBPUSD made 10 on the breakout
AUDUSD in play bought on breakout
All posts are my personal opinion
  • #5,151
  • Jan 15, 2014 11:45am Jan 15, 2014 11:45am
Quoting Rtm
So many good opportunities today, I am trying to trade this using pullbacks, breakouts and the 2b with just SR levels. So far so good! The teamviewer sound doesnt work on the video for me so I just looking at the posts of pictures and using my own charting exp. as I am huge on S/R EURUSD made 10 pips on the pullback GBPUSD made 10 on the breakout AUDUSD in play bought on breakout

As long as you make money its all good :-)

Its not 100% liek rules are written down but thats ok :-)
  • #5,152
  • Jan 15, 2014 11:53am Jan 15, 2014 11:53am
Quoting Oakwoodinc
{quote} As long as you make money its all good :-) Its not 100% liek rules are written down but thats ok :-)
Yes, need more days on demo with this puppy as the 1-2-3 part is a bit of discretion IMO as you can see some of what people here consider a swing for there 1-2-3 is a bit baffling to me.
All posts are my personal opinion
  • #5,153
  • Jan 15, 2014 11:55am Jan 15, 2014 11:55am
Quoting Rtm
{quote} Yes, need more days on demo with this puppy as the 1-2-3 part is a bit of discretion IMO as you can see some of what people here consider a swing for there 1-2-3 is a bit baffling to me.

Of course its a bit Discretionary thats why everybody has to find his own system kinda
  • #5,154
  • Jan 15, 2014 11:58am Jan 15, 2014 11:58am
Quoting Oakwoodinc
{quote} Of course its a bit Discretionary thats why everybody has to find his own system kinda

I guess that really is why people fail so easily too. What is your exposure with this method? I would really like to incorporate it into my daily work routine as I mainly trade daily charts however I could definitely handle another 7-11 session of intense trading and pull a couple hundo each day?
All posts are my personal opinion
  • #5,155
  • Jan 15, 2014 12:08pm Jan 15, 2014 12:08pm
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.
hey wnabo and others will you please tell me name and share this indicator with me. i am really grateful
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  • #5,156
  • Jan 15, 2014 12:11pm Jan 15, 2014 12:11pm
Quoting piplover143
{quote} hey wnabo and others will you please tell me name and share this indicator with me. i am really grateful {image}

its supdem II
you dont need it for this method.
All posts are my personal opinion
  • #5,157
  • Jan 15, 2014 4:08pm Jan 15, 2014 4:08pm
I know Erasmus is doing backtest so I thought I would post march 2012 before he did. I only recorded trades that either won or lost no break even trades the results were 12 wins at 3% 1 win at 2% 0 losses there were about 4 or 5 b e not recorded total 38% heres charts
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  • #5,158
  • Jan 15, 2014 4:09pm Jan 15, 2014 4:09pm
next 6
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  • #5,159
  • Jan 15, 2014 5:32pm Jan 15, 2014 5:32pm
Where can i get historical data for Forex for Metatrader???????
  • #5,160
  • Jan 15, 2014 6:29pm Jan 15, 2014 6:29pm
once you down load mt4 and open it you go to tools then click history pick pair and 5 min tf and click download
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