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The 5 minute TF S&R trading system

  • #5,361
  • Edited 7:49am Feb 3, 2014 5:55am | Edited 7:49am
EDITED: Mixed something with DST. Will test March one more time
  • #5,362
  • Feb 5, 2014 6:24am Feb 5, 2014 6:24am
forgot to up date Monday had a 2% win yesterday nothing today looks like no one made anything as markets froze
  • #5,363
  • Feb 7, 2014 3:20am Feb 7, 2014 3:20am
Up until now Ive been using a mental estimation. Been having trouble plotting the fib expansion to extend the way it shows in the video. Please can anyone help or point me in the direction of where I can get help. Thanks
  • #5,364
  • Feb 7, 2014 4:52am Feb 7, 2014 4:52am
Quoting wnabo
Up until now Ive been using a mental estimation. Been having trouble plotting the fib expansion to extend the way it shows in the video. Please can anyone help or point me in the direction of where I can get help. Thanks
You do not have to use fibo extenshion, just manually count the SL pips on a calculator or anywhere else and make TP the same.
  • #5,365
  • Feb 7, 2014 5:05am Feb 7, 2014 5:05am
March 2013 has still been the worst month for me so far backtesting. I got 4 wins, 4 wins 2%, 7 losses. Total of -1%. If taking no more than 2 trades per day then I should take away 1 EU loss on 14th and 1 EU win on 25th. Still -1% total. Would appreciate your comments Fx. I know you got much more better results, but I have been following the rules very strictly and been counting every setups SL and not taking trades if its too big (many times it kept me from a good trade this month). Been also keeping spread in my mind. Thank you in advance. First part of my trades:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27. EU 05.03.2013 loss, loss.jpg Size: 246 KB
Click to Enlarge Name: 28. EU 06.03.2013 be.jpg Size: 238 KB
Click to Enlarge Name: 29. EU 12.03.2013 win, win 2%.jpg Size: 238 KB
Click to Enlarge Name: 30. EU 13.03.2013 loss.jpg Size: 242 KB
Click to Enlarge Name: 31. EU 14.03.2013 loss, be, loss.jpg Size: 227 KB
Click to Enlarge Name: 32. EU 18.03.2013 loss.jpg Size: 258 KB
  • #5,366
  • Feb 7, 2014 5:06am Feb 7, 2014 5:06am
Second part:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 33. EU 21.03.2013 win 2%.jpg Size: 240 KB
Click to Enlarge Name: 34. EU 22.03.2013 loss.jpg Size: 243 KB
Click to Enlarge Name: 35. EU 25.03.2013 win, win.jpg Size: 232 KB
Click to Enlarge Name: 36. EJ 25.03.2013 win.jpg Size: 260 KB
Click to Enlarge Name: 37. EU 27.03.2013 win 2%.jpg Size: 240 KB
Click to Enlarge Name: 38. EU 28.03.2013 win 2%.jpg Size: 238 KB
  • #5,367
  • Feb 7, 2014 8:21am Feb 7, 2014 8:21am
Not sure you have right times. I went over this month with tom and had positive results. Recap got a 2% win today 4% this week excellent for nf week
  • #5,368
  • Feb 7, 2014 8:35am Feb 7, 2014 8:35am
Quoting fxpivots
Not sure you have right times. I went over this month with tom and had positive results. Recap got a 2% win today 4% this week excellent for nf week
Times are correct this time. Have checked them. Would be very much appreciated if you or any other could put your March 2013 charts here. Would love to see others analysis. Thank you
  • #5,369
  • Feb 7, 2014 2:52pm Feb 7, 2014 2:52pm
you lucky because you know how you can trade using 5 M chart with easy method
  • #5,370
  • Edited 7:04pm Feb 7, 2014 4:45pm | Edited 7:04pm
<p>o here are some corrections and add ons there were a few of them that were correct</p> so recap is 5 3% wins 4 2 % wins 2 losses 17%
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  • #5,371
  • Feb 8, 2014 5:24am Feb 8, 2014 5:24am
tell me how you can win with this system?
how you can determine trend, you using 1h frame to determine trend?
Is your goal to achieve a certain number of points during the day?
How do you manage your money in order to ensure the growth of your account?
What to do in case of loss , you increase your lot in next trade or what? Especially you use 1:1 risk reward
sorry for My many questions
But now I Live difficult times and i need answer from Professionals
  • #5,372
  • Feb 8, 2014 5:35am Feb 8, 2014 5:35am
Quoting fxpivots
<p>o here are some corrections and add ons there were a few of them that were correct</p> so recap is 5 3% wins 4 2 % wins 2 losses 17% {image} {image} {image} {image}
Thank you for your effort answering me. Glad that I am on the right path Was using Dukascopy history data for analysing because Oanda demo data seems scattered for some days. As I am comparing now the history with Oanda it actually gave me some different signals on Dukascopy. I made some more comments in blue rectangles. Thanks to you and results are improved. If I would test on Oanda then for me it would be 5 3% wins, 4 2% wins, 4 losses with a total of 11% which is still a great result for a month.

Best wishes
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  • #5,373
  • Feb 8, 2014 2:05pm Feb 8, 2014 2:05pm
ok only 2 charts to correct you are getting real good at this. I also think that when I was putting this together I might have used a 20 pip stop on ej don't remember none the less
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  • #5,374
  • Feb 8, 2014 6:14pm Feb 8, 2014 6:14pm
fxpivots : please reply on my questions
  • #5,375
  • Feb 8, 2014 7:17pm Feb 8, 2014 7:17pm
<p>
Quoting rtkwar
<a href="http://www.forexfactory.com/fxpivots" target="_blank">fxpivots </a> : please reply on my questions
</p>
<p></p>take the principle setups and backtest
  • #5,376
  • Feb 9, 2014 3:59am Feb 9, 2014 3:59am
Quoting fxpivots
ok only 2 charts to correct you are getting real good at this. I also think that when I was putting this together I might have used a 20 pip stop on ej don't remember none the less {image} {image}
Thank you for doing such a delicate analysis on my setups, greatful for that I think the only reason here why we are in a disagreement is that the history just does not provide the same prices. As you can see in those two pictures below for the same 5th March 2013. First is Oanda's demo account history data which seems scattered for that day (gaps all around between candles) and in my opinion not so reliable to make a certain decision. The second chart is Dukascopy history which looks smoother to me. After all I think the only most important thing is if I am capable of seeing setups in a live market. I hope I am getting there.

Best wishes
Attached Image(s) (click to enlarge)
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  • #5,377
  • Feb 9, 2014 5:15am Feb 9, 2014 5:15am
Quote
The target is 10 and the stop is 10
you write in PDF file taregt is 10 and the stop is 10 but in first page target is 15 and stop is 15 ? which one is correct 10 or 15
  • #5,378
  • Feb 9, 2014 5:58am Feb 9, 2014 5:58am
Watch video
  • #5,379
  • Feb 10, 2014 3:42am Feb 10, 2014 3:42am
great breakdown of mar 2013 guys. just going through my self and have come up with a couple of queries:
Become the casino
  • #5,380
  • Feb 10, 2014 3:44am Feb 10, 2014 3:44am
eurjpy, 4th mar 13, 2 losses:

Attached Image (click to enlarge)
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