Genuine 5m 4R/R system

You could almost build a case for an entry here if you ignore the wicks and use the bodies as a point, easy to say in hindsight though

And I'm home... Another 5 hours of trading, but with peace and quiet...

Kind of decent setup on U/J a while ago, but waaaay too late for an entry...

Might be something forming on EUG/GBP, but it's a bit messy...

I got nothing else for now... Just happily holding the longs I have...

Good night everyone ,happy hunting, i have a good feeling for the rest of the session.
Remember keep em tight and clean and they come out with $green

Anybody seeing the formation on USD/CAD?

The trend looks kind of iffy SpiritW.

And short setup on NZD/USD... Sloppy but there...

1H & 4H trend is solid bullish at the moment... I've been holding longs for a while now on it, so just adding as we're going along...

nice!!!

Iffy tend in the context of rifid's rules.

I agree, pooch... Just pointing out patterns and formations...

PS - USD/JPY way better formation, althoug also still iffy...

No prob...its clear you're a serious trader, fun to watch and rifid seems to like your style.

Anyways - I reckon I about 10 - 20 minutes, we'll see... I'm still liking AUD/USD for a long, but not quite yet... Will see... For now, not taking anything...

Been at it for 13 hours now... Hehehe... And still 3 to go...

Anybody hooked this short? I missed it... Tend to forget about the EUR/USD

So the AUD/USD long panned out...

Right... That's it for me tonight... See you guys tomorrow morning... Happy hunting...

Good morning traders ,welcome to the aussie /asian shift. any thoughts on today?

Red aussie news comming up soon.Just incase anybody is in a trade, although you shouldnt be,as this system has generated no trades in the last few hours.
One thing i must stress with this system, it is definitly not for the trigger happy types, it takes time and patience to wait for the good quality setups, if you can do that you will be rewarded, if you cant and just jump in on any point to point set up you will be dissapointed with the long term results and just get disallusioned with the system and blame it for your failings. If you get bored waiting for quality setups go and play on a demo account and relieve your frustrations.
I used to want to open my charts up every morning and just want to trade anything i see , get a quick thrill out of being "in a trade" but in the end it ususally ends in tears.
Remember the story of the Hare and the Tortoise? slow and steady wins the race.
Who would you rather be at the end of the week , The trader who has had 30 trades and won 3%or lost.............. or the trader who waited and only taken 4 trades and got 16%.?
All the examples i have shown on my posted charts are good quality setups ,if the setup you are considering dont look like those ,play trade it if you cant restrain yourself and just keep it to yourself.

Any way thats my words of wisdom for the day
Any questions ,i will gladly answer them for you, and welcome any new subscibers

I was just reading the thread and thought I would show this current set up on EUR/USD 1 hour chart. Just needs a dovish ECB today and a positive NFP tomorrow and you will have your 4x risk by early next week. I dont trade this way normally but I will have a crack at this one and let you know how it goes. I have placed a sell stop order at 1.3580 with a 40 pip stop and 160 pip tp risking 1%

Thats right MAC these setups can form on any time frame,you just have to be a lot more patient on the higher t/f Good luck with it

see what develops out of e/gp