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Attachments: The 5 minute TF S&R trading system
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The 5 minute TF S&R trading system

Quoting Morcos
{quote} Entry is over/under 1 point of point 2 (plus spread if long), Stop is over/under 1 point of point 3 (plus spread if short), take profit is at 1:1 RR ratio.
So why didn't you take all signals?

You missed a few,do you know that?
Quoting Oakwoodinc
{quote} So why didn't you take all signals? You missed a few,do you know that?
In the rules of OP. But I wait for 1 fully closed candle after point 3 to place my order.
Quoting Morcos
{quote} In the rules of OP. But I wait for 1 fully closed candle after point 3 to place my order.
Can you please upload just one example from yesterday with explanation

Thanks
Quoting Oakwoodinc
{quote} Can you please upload just one example from yesterday with explanation Thanks
Attached Image (click to enlarge)
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Quoting Oakwoodinc
EUR/USD London Session: Trade went straight to Stop-Loss {image}
Oak, London opens one hour later
Quoting Oakwoodinc
{quote} Can you please upload just one example from yesterday with explanation Thanks
Oak, it looks like zigzag (1,1,1)
Quoting Morcos
{quote} {image}
Ok you trade it a little bit different, your point 3 is not taking out the low of the candle that makes point 2. This is one of the major rules for that setup but its all go(o)d :-)
Quoting Oakwoodinc
{quote} Ok you trade it a little bit different, your point 3 is not taking out the low of the candle that makes point 2. This is one of the major rules for that setup but its all go(o)d :-)
Believe me, it takes out with 1 point... Point 2's low is 1.35997 and point 3's low is 1.35996. Not 1 pip, it is true.
Quoting Dufoo
{quote} Oak, London opens one hour later

London opens at 9 my time and trade was at 8:55

But just looking at rules, do you think setup was valid???

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Quoting Dufoo
{quote} Oak, it looks like zigzag (1,1,1)
It is not zigzag in my charts. It is my own support and resistance zones indicator developed by myself.
Quoting Morcos
{quote} It is not zigzag in my charts. It is my own support and resistance zones indicator developed by myself.

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


I just want to understand the reason for some of these trades and it is just hard with a pic only showing dots

Feel free to post it or maybe ou can also add lines to it if you like

Good trades to you
Quoting Oakwoodinc
{quote} London opens at 9 my time and trade was at 8:55 But just looking at rules, do you think setup was valid??? {image}
I was also looking at the screen at that moment. I did not like the tight range price came out and that all happened before London open (BO, PB, Entry), that was the reason I did not do anything, otherwise everything else from my point of view was according to the rules- BO and PB. Would like to hear others opinion
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Attached Image
Quoting Morcos
{quote} It is not zigzag in my charts. It is my own support and resistance zones indicator developed by myself.
I was not trying to offend you in any way Feel free posting. I just saw your picture and it is very similar to this indicator used in 123PaternsV6 revisited thread http://www.forexfactory.com/showthread.php?t=326305. Maybe you should check it out I also attached the indicator I am talking about. Cheers
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Attached File(s)
File Type: mq4 123PatternsV6.mq4   14 KB | 282 downloads
Quoting Dufoo
{quote} I was not trying to offend you in any way Feel free posting. I just saw your picture and it is very similar to this indicator used in 123PaternsV6 revisited thread http://www.forexfactory.com/showthread.php?t=326305. Maybe you should check it out I also attached the indicator I am talking about. Cheers {image} {image} {file}
This waht I am trying to convince people here this is a simple pull back BO....
JacekPreserve Precious Capital
Quoting Dufoo
{quote} I was not trying to offend you in any way Feel free posting. I just saw your picture and it is very similar to this indicator used in 123PaternsV6 revisited thread http://www.forexfactory.com/showthread.php?t=326305. Maybe you should check it out I also attached the indicator I am talking about. Cheers {image} {image} {file}
I know that indicator. Yes, it is similar. But every zigzag indi is similar to another zigzag indi. And if you see it better, there are some differences, and this is why I've developed my indi. Sometimes those differences are very important.
Quoting Dufoo
{quote} I was not trying to offend you in any way Feel free posting. I just saw your picture and it is very similar to this indicator used in 123PaternsV6 revisited thread http://www.forexfactory.com/showthread.php?t=326305. Maybe you should check it out I also attached the indicator I am talking about. Cheers {image} {image} {file}

Do you use this ZigZag indicator???
Quoting Oakwoodinc
{quote} Do you use this ZigZag indicator???
For this thread method no, just experimenting with it in the meantime. For example if you change the parameters to smth bigger for intance 60, 0.4, 1.0 it gives good support/resistance zones. You can just try it for your self. I do not want to make a mess in this thread. Here we should focus on rules made by Fx Cheers
Quoting Oakwoodinc
{quote} London opens at 9 my time and trade was at 8:55 But just looking at rules, do you think setup was valid??? {image}

Oak,

would this be correct 123 please?

http://clip2net.com/s/6Cgaoc

(formed 123 after rejection of Asia high)
Quoting Knez
{quote} Oak, would this be correct 123 please? http://clip2net.com/s/6Cgaoc (formed 123 after rejection of Asia high)
Your 1 2 3 ismarked right but there was sideways action only going on at this moment
Picked up a 3% win eu short 85
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