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The 5 minute TF S&R trading system

  • #5,301
  • Jan 22, 2014 11:42am Jan 22, 2014 11:42am
ok Erasmus redid july of 2012 the corrected results are 6 wins at 3% 5 wins at 2% and only 3 losses at 3% totaling 19% here are corrected charts
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  • #5,302
  • Jan 22, 2014 11:46am Jan 22, 2014 11:46am
Quoting Oakwoodinc
{quote} What was your intention not to take the trade at 7:40 at around 43? Did you wait for a breakout of that level or why was that setup not valid in your eyes?
your right that there was a setup but it never triggered us within 6 bars so I rewait for another b o p b from that high which was my winning trade
  • #5,303
  • Jan 22, 2014 1:31pm Jan 22, 2014 1:31pm
Fxpivots,

interesting way of looking at market structure. I have posted a screen shot of a trade from this morning. If I understand the rules right this was a winner.
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PIP'N
  • #5,304
  • Jan 22, 2014 1:41pm Jan 22, 2014 1:41pm
Actually no golfer guy a bar has to take out low.it cant be one that takes it out and triggers. Later on you have another setup that worked
  • #5,305
  • Jan 22, 2014 2:19pm Jan 22, 2014 2:19pm
Quoting fxpivots
{quote} your right that there was a setup but it never triggered us within 6 bars so I rewait for another b o p b from that high which was my winning trade
I am not talking about the high of the candle at 6:40 your time. I am talking about this:

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  • #5,306
  • Jan 22, 2014 2:32pm Jan 22, 2014 2:32pm
Quoting fxpivots
ok Erasmus redid july of 2012 the corrected results are 6 wins at 3% 5 wins at 2% and only 3 losses at 3% totaling 19% here are corrected charts {image} {image} {image} {image} {image} {image}
On 3th of July 2012 in EJ you say no 1 2 3 after BO.

Why did you trade the same setup this week in EJ:

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What is the diference between those 2 setups, they look the same???
  • #5,307
  • Jan 22, 2014 2:41pm Jan 22, 2014 2:41pm
Quoting Oakwoodinc
{quote} I am not talking about the high of the candle at 6:40 your time. I am talking about this: {image}
there was a setup but it was more than 6 bars till entry on your chart this was part of setup
  • #5,308
  • Jan 22, 2014 2:44pm Jan 22, 2014 2:44pm
Quoting Oakwoodinc
{quote} On 3th of July 2012 in EJ you say no 1 2 3 after BO. Why did you trade the same setup this week in EJ: {image} What is the diference between those 2 setups, they look the same???
you've got to be kidding me oak that's not a 123 that's a bo then a pb come on I wont answer these type of questions anymore if you don't get it move on this is not rocket science
  • #5,309
  • Jan 22, 2014 2:55pm Jan 22, 2014 2:55pm
Quoting fxpivots
{quote} you've got to be kidding me oak that's not a 123 that's a bo then a pb come on I wont answer these type of questions anymore if you don't get it move on this is not rocket science

:-)

Maybe i am not familiar with the way you use the word Pulback.

Every 1-2-3 setup involves a pullback.

So what is the differnce between 1-2-3 and Pullback?
  • #5,310
  • Jan 22, 2014 3:03pm Jan 22, 2014 3:03pm
a 123 if where in this case we make a lower low then a pullback which takes out pt 2 then it comes down not making a new LL that's a 123 and they only are at end of trends.a trend is where we make HH HL or LL LH when we go sideways and we take out low thats a b o now we wait for a pullback to enter your starting to regess oak I thought you turned the corner concerning 123s pullback same as a retracement they mean the same price going other way from which it came
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  • #5,311
  • Jan 22, 2014 3:30pm Jan 22, 2014 3:30pm
many thanks for your reply fx. agree with your analysis save 12th jul eurusd which i make a b/e not a win:

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Become the casino
  • #5,312
  • Jan 22, 2014 3:34pm Jan 22, 2014 3:34pm
Why after we triggered on 6th candle it went down but I'll give you that one if you want
  • #5,313
  • Jan 22, 2014 7:53pm Jan 22, 2014 7:53pm
fxpivots - on your charts if you insert "text" instead of "text label", the "1", "2" & "3" etc will keep their position relative to the candles when you scroll the chart.
Good Trading
  • #5,314
  • Jan 23, 2014 10:21am Jan 23, 2014 10:21am
Just a b e today
  • #5,315
  • Jan 23, 2014 11:21am Jan 23, 2014 11:21am
Ah, got it. The trigger bar can't be the one that breaks the low or high for the pullback. Thanks!
PIP'N
  • #5,316
  • Jan 23, 2014 7:11pm Jan 23, 2014 7:11pm
FXpivots, pls somewhere earlier in the thread you said x-number of pips in one direction = a trend would you mind reminding me of it again. Anyone can recognize a trend but for this method in a 5m time frame you gave a guide line and I cant find it any more. Also arent the line graphs useful for identifying setups anymore?
Thanks
  • #5,317
  • Jan 24, 2014 5:02am Jan 24, 2014 5:02am
40
  • #5,318
  • Jan 25, 2014 6:46am Jan 25, 2014 6:46am
Why did I not see this EU set up yesterday (Friday Jan 25th) @ 8:30 EST?

I'm thinking this is a trend continuation trade.

I either did not see it yesterday or I'm overlooking something.
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  • #5,319
  • Jan 25, 2014 7:51am Jan 25, 2014 7:51am
It wasnt a downtrend yet just a pb from uptrend
  • #5,320
  • Edited 9:34am Jan 25, 2014 8:57am | Edited 9:34am
Quoting fxpivots
It wasnt a downtrend yet just a pb from uptrend
Thanks.

This shows what is needed to make this a valid trade.
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