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The 5 minute TF S&R trading system

  • #5,221
  • Jan 17, 2014 9:57am Jan 17, 2014 9:57am
Quoting fxpivots
Picked up a 3% win ej short 85
Are you talking about this one:


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No trend and only sideways action before entry or am i wrong here?

If thats the trade can you explain why you took it please

Thanks
  • #5,222
  • Jan 17, 2014 10:03am Jan 17, 2014 10:03am
Yes that was the setup around 8am or 1300 gmt
  • #5,223
  • Jan 17, 2014 10:10am Jan 17, 2014 10:10am
fx, what's your take on this signal from may 2012:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy28may2012.GIF Size: 41 KB
Become the casino
  • #5,224
  • Jan 17, 2014 10:13am Jan 17, 2014 10:13am
here you go oak:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd17jan2014.GIF Size: 31 KB
Become the casino
  • #5,225
  • Jan 17, 2014 10:14am Jan 17, 2014 10:14am
Oak my mistake it was eu not ej still 85 entry and erasmus that one took to long to trigger 3 candles back was p b
  • #5,226
  • Jan 17, 2014 10:19am Jan 17, 2014 10:19am
Erasmus even though we would not put that trade on it did take out low then formes a 123 that looks like it won
  • #5,227
  • Jan 17, 2014 10:34am Jan 17, 2014 10:34am
Quoting fxpivots
Oak my mistake it was eu not ej still 85 entry and erasmus that one took to long to trigger 3 candles back was p b
Was it this one FXPIVOT:

Attached Image (click to enlarge)
Click to Enlarge Name: aaa.png Size: 22 KB



There was also sideways action so what was your intention to take the trade?
  • #5,228
  • Jan 17, 2014 10:38am Jan 17, 2014 10:38am
Quoting Oakwoodinc
{quote} Was it this one FXPIVOT: {image} There was also sideways action so what was your intention to take the trade?
Oak, it was this one
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  • #5,229
  • Jan 17, 2014 10:47am Jan 17, 2014 10:47am
Thank you dufoo
  • #5,230
  • Jan 17, 2014 10:53am Jan 17, 2014 10:53am
Hey dufoo you learned this stuff pretty quick
  • #5,231
  • Edited 12:03pm Jan 17, 2014 11:07am | Edited 12:03pm
Quoting erasmus66
fx, what's your take on this signal from may 2012: {image}
As I understand the rules it should be like this. Today we talked about when to start counting
Attached Image (click to enlarge)
Click to Enlarge Name: Image 22.jpg Size: 211 KB
  • #5,232
  • Jan 17, 2014 11:11am Jan 17, 2014 11:11am
Exactly good eye the reason is no momentum.
  • #5,233
  • Jan 17, 2014 11:14am Jan 17, 2014 11:14am
Quoting fxpivots
Hey dufoo you learned this stuff pretty quick
It required some time and attention, and thanks for tutoring
  • #5,234
  • Jan 17, 2014 11:17am Jan 17, 2014 11:17am
All of us were indoctrinated with indicators once you remove them and look at p a it takes a little getting use to but once you do kachink!
  • #5,235
  • Jan 17, 2014 11:28am Jan 17, 2014 11:28am
Quoting fxpivots
Thank you dufoo
Erasmus posted the same chart like Dufoo and to him you say your trade was earlier and to the same chart from Dufoo you say that was the trade, so which one was it now?

The trade Dufoo and Erasmus both posted took 9 candles to get in and was 20 min before news, so there was 2 rules broken on that trade, is that right in my understanding about this single trade?

Thanks for replying
  • #5,236
  • Jan 17, 2014 11:30am Jan 17, 2014 11:30am
You start counting from last p b candle also concerning news if I have setup before news and it triggers with 25 mintues to go ill enter and get out if I dont hit target 1 minute before news unless its a long trade 30 min news was old rule
  • #5,237
  • Jan 17, 2014 11:38am Jan 17, 2014 11:38am
Erasmus pposted 2 charts first was 2012 second the same as dufoo
  • #5,238
  • Jan 17, 2014 11:50am Jan 17, 2014 11:50am
Quoting fxpivots
Erasmus pposted 2 charts first was 2012 second the same as dufoo

You wrote: Oak my mistake it was eu not ej still 85 entry and erasmus that one took to long to trigger 3 candles back was p b

So did you take the trade that went in after 9 candles, what you said is too long to wait or did you take the one i posted within sideways market?

You really confusing me because both setups shown did not match the rules you explained ;-/

Maybe you can post a chart with short explanation, i know you have the time for that

Would be great

Thanks
  • #5,239
  • Jan 17, 2014 11:54am Jan 17, 2014 11:54am
I just told you his first chatt 2012 that was too many bars from p b tge other chart was same as dufoo which was ok
  • #5,240
  • Jan 17, 2014 12:31pm Jan 17, 2014 12:31pm
Quoting fxpivots
I just told you his first chatt 2012 that was too many bars from p b tge other chart was same as dufoo which was ok
Duffos trade was at 2 p.m. and your trade was at 1 p.m. you said, so which trade did you take?
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