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The 5 minute TF S&R trading system

  • #5,441
  • Feb 19, 2014 10:05am Feb 19, 2014 10:05am
Quoting fxpivots
Interesting day we went long ej at 39 with target 56 it went to 53 three times then pb stop for b e was in place so plan was if I dont get taken out I will grab 2% and was fortunate to grab it. They we went long at 55 and we all grabbed another 2%. Acct up 24% this month

fxpivots,

can you share your entries on chart please?

thank you.
  • #5,442
  • Feb 19, 2014 10:19am Feb 19, 2014 10:19am
here is the reguested charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 45 KB
Click to Enlarge Name: 2.png Size: 44 KB
  • #5,443
  • Feb 19, 2014 1:24pm Feb 19, 2014 1:24pm
Quoting fxpivots
here is the reguested charts {image} {image}
Thank you.
  • #5,444
  • Feb 19, 2014 1:27pm Feb 19, 2014 1:27pm
Quoting fxpivots
here is the reguested charts {image} {image}

fxpivots,

I always wonder, but no one can explain: why is 10am NY time important time? Can you explain please?

Thank you.
  • #5,445
  • Feb 19, 2014 1:32pm Feb 19, 2014 1:32pm
Quoting Knez
{quote} fxpivots, I always wonder, but no one can explain: why is 10am NY time important time? Can you explain please? Thank you.

It is not important for a special reason, but FX backtested the system and came up with the rule that after 10 a.m. market is moving less so its better to take TP earlier.
  • #5,446
  • Feb 19, 2014 2:13pm Feb 19, 2014 2:13pm
Thanks oak for post liquity starts to slow down
  • #5,447
  • Feb 19, 2014 2:29pm Feb 19, 2014 2:29pm
Quoting fxpivots
Thanks oak for post liquity starts to slow down

You welcome

If i say something wrong just correct me

Good Trades for all of you
  • #5,448
  • Feb 19, 2014 3:16pm Feb 19, 2014 3:16pm
I made a mistake today with my first trade - price went down, pulled back but then didn't go down enough to give entry. Subsequently went down which i got in on, but shouldn't have:

Attached Image (click to enlarge)
Click to Enlarge Name: ej19feb14.GIF Size: 45 KB


got away with this one, but wouldn't have been so lucky on 8th jul 2013:

Attached Image (click to enlarge)
Click to Enlarge Name: eu08jul13.GIF Size: 42 KB
Become the casino
  • #5,449
  • Feb 19, 2014 3:31pm Feb 19, 2014 3:31pm
however, not all are losing signals:

Attached Image (click to enlarge)
Click to Enlarge Name: ej02jul.GIF Size: 45 KB
Become the casino
  • #5,450
  • Feb 20, 2014 1:19am Feb 20, 2014 1:19am
Quoting Oakwoodinc
{quote} It is not important for a special reason, but FX backtested the system and came up with the rule that after 10 a.m. market is moving less so its better to take TP earlier.

Oak,
Thanks for your reply, however, I found out that 10am usually gives either change of direction or extra volume in to the market, and not slow down. Heard from other sources as well, but no one can explain why.
  • #5,451
  • Feb 20, 2014 1:59am Feb 20, 2014 1:59am
Quoting Knez
{quote} Oak, Thanks for your reply, however, I found out that 10am usually gives either change of direction or extra volume in to the market, and not slow down. Heard from other sources as well, but no one can explain why.
No matter what any source says, when you having somebody trading a system with his rules for a longer time that gives a positive return like FX's does, you should not ask to many questions about the who and what and just trade it.
  • #5,452
  • Feb 20, 2014 5:54am Feb 20, 2014 5:54am
Hi Knez,

Just go to your charts and scroll back in history and look at what happens to price around that time. Sometimes there is action but notice most of the time the markets flatten out around that time.

Good luck!
  • #5,453
  • Feb 20, 2014 7:16am Feb 20, 2014 7:16am
Quoting Oakwoodinc
{quote} No matter what any source says, when you having somebody trading a system with his rules for a longer time that gives a positive return like FX's does, you should not ask to many questions about the who and what and just trade it.
Can't believe you found my post offensive.
  • #5,454
  • Feb 20, 2014 9:10am Feb 20, 2014 9:10am
short a 123 set up on E/J @ 140.22. I got 2% out of it.

Fxpivots appreciate if you could see if the chart is correct. thanks much for your guidance.

Best Regards
Daniel Tang
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 76 KB
  • #5,455
  • Feb 20, 2014 9:41am Feb 20, 2014 9:41am
Yes Daniel perfect. I was stuck in eu trade which I was fortunate to b e. We did get a 2% win earlier with ej long from 81 acct now at 26%
  • #5,456
  • Feb 20, 2014 6:59pm Feb 20, 2014 6:59pm
Quoting fxpivots
Yes Daniel perfect. I was stuck in eu trade which I was fortunate to b e. We did get a 2% win earlier with ej long from 81 acct now at 26%
@fxpivot, on the e/j long frm 81, i see which one u meant. Got it thanks!
  • #5,457
  • Feb 21, 2014 10:05am Feb 21, 2014 10:05am
We had a ej long from 02 which won 3% acct at 29% this month
  • #5,458
  • Feb 23, 2014 6:46am Feb 23, 2014 6:46am
hi fxp. how many are participating in the skype room?
  • #5,459
  • Feb 23, 2014 7:24am Feb 23, 2014 7:24am
Whats the name of Skype room ?
Could you repost it please?

Thanks
  • #5,460
  • Feb 23, 2014 7:54am Feb 23, 2014 7:54am
maybe 10 to 12
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