Genuine 5m 4R/R system

This is the additional reason I take the setup on AU.
PB bounce off RN on H1.

Time for me to go ,have a good night/day where ever you might be. Big day tomorrow.
Dont forget to share your pendings with each other

If it wasnt for the RN, I would say this simply looks like profit taking, end of the session.

Trying the e/j

Spyderman, it looks fine, BUT I see a major resistance at 139.864 of the HTF. Secondly, I see the Low-to-High for the day is already 683, where the Daily Average is only 674. This makes me wonder if there is enough steam in this engine for another shift to the high?

I might be wrong, but it is my 2c.

Good Morning everyone,
I thought i would post this chart this morning of an NZ/US trade last night, which we didnt get because no one was looking at this pair. But it is a classic example of what to look for when searching for set ups with this method.
You will notice you have 2 points in line{need a min. of 2} forming resistance at the bottom.
At the top we have lower lows, indicating increased seller pressure.
As soon as we have a second point form and a void form after it we set our sell stop and stop loss and wait for price to come down and trigger entry.
If at any time after the second point price moves up above the previous high, this voids the set up and take your pending order off.
The exact opposite applies for long trades.
Oh most important point ,once second point and void is confirmed advise others in the group, we will thank you.
This trade went to T/P in around 3minutes ,great way to get 4 R/R . You only need one of these a week to get rich.

Good Morning/Evening Rifid,
This one may have been disregarded because of the previous support in the 1hr time frame that you would have saw while doing analysis. Notice how interestingly it's now resistance after that breakout occurred. Anyway, wasn't this the milk curdle news, lol.
No aussie trading for me tonight since it was GDP news. So I'm hanging out looking at yen pairs to see if I can find a potential setup that might be starting. I got nothing yet. You did mention in an earlier post that you get 3-8 trades a week on the 4 pairs you watch. Is that per pair, or between all 4 of them?

Well, maybe a u/j setting up? Last SR not far enough away to target 20 pips, but might be worth attempting target 1 at the round number or last resistance at 102.48.

Maybe a E/J looking better. Sorry, now I'm taking over your thread with my charts. These are addictive and fun to find. Let me know if these are ones that would meet your criteria.

This is more what we are looking for Kitara,a continuation of a trend, we are not trying to catch retracements , they are a little to high risk for me.
The 3 to 8 trades per week are for the 4 pairs onlythat we scan, would get a lot more but it is to hard to successfully look at any more than 4 pairs at a time.
You actually come across dozens of Point to Point setups every week, the trick is to discard the crap and be patient and wait for the quality setups ,it takes time ,but after a while it becomes second nature to spot them, train your eyes and train your brain. after a few weeks you will be amazed at how easy it is.

Sorry forgot to attach chart

Ah okay, I can see that exact setup now on my own chart. Thank you for posting it, that helps!

If anyone got into the U/J trade ,you would have just hit your T/P. Congrats

Good morning everybody... Just opened up MT4 and saw that I missed my TP by a hair's breadth... Damn... Anyways... It's 7:00am, and the day holds many promises... Good luck to you all...

Rifid - I've been meaning to ask - do you have a 4-digit or 5-digit broker?

Five spiritwalker, shame about the trade, did you see the one on the 5m

I did, yes... But my day is just starting - I was still in dreamland when that setup occured... Scanning a few charts now, but also usually quite busy the first hour or so at work...

Just went long on EUR/GBP @ 0.81443...

Might be something on GBP/USD - I have long order @ 1.67247 - if it doesn't make a new low now...

Thanks ill watch this one