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Genuine 5m 4R/R system

  • #321
  • Jun 5, 2014 4:33am Jun 5, 2014 4:33am
Hi rifid, thank you for sharing your results, could you tell us during which sessions were those trades or (most of them) taken?
Those that say do not know. Those that know do not say.
  • #322
  • Jun 5, 2014 4:44am Jun 5, 2014 4:44am
Quoting ohenry
Hi rifid, thank you for sharing your results, could you tell us during which sessions were those trades or (most of them) taken?
I trade the Asian and Euro sessions, but most of the trades would come from the Euro session as it is generally smoother and faster moving market.
I find the best results are when the price diff in the side bar is 5 pips or greater
patience is bitter, but its fruit is sweet
  • #323
  • Jun 5, 2014 5:42am Jun 5, 2014 5:42am
Red flag news in 20m , be careful about entering any trades, if you are in a profitable trade you may want to consider bringing stop to break even
patience is bitter, but its fruit is sweet
  • #324
  • Jun 5, 2014 6:40am Jun 5, 2014 6:40am
I didn't take either, but this morning i've just been watching the ftse100...

The spread has more effect nowadays with smaller movement on currency pairs, especially the eurusd.

Attached are two setups I believe coincide the rules of this system, would be interesting to hear your thoughts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: long 4x.png Size: 29 KB
Click to Enlarge Name: short 4x.png Size: 27 KB
  • #325
  • Jun 5, 2014 7:12am Jun 5, 2014 7:12am
Quoting Gareth22
I didn't take either, but this morning i've just been watching the ftse100... The spread has more effect nowadays with smaller movement on currency pairs, especially the eurusd. Attached are two setups I believe coincide the rules of this system, would be interesting to hear your thoughts... {image} {image}
No to both Gareth, 1st one you are trading against the trend ,second one is closer, but the second point is higher than the first ,needs to be level or can be slightly lower.
Have a look at my posted charts,they show what to look for
patience is bitter, but its fruit is sweet
  • #326
  • Jun 5, 2014 7:17am Jun 5, 2014 7:17am
Hey guys... I'm swamped in work today, so very little time for markets and thread... Haven't taken any positions today

Just popping in to view market reaction to news... Hope all of you are having fun, though...
Itchy Spirit Return This Year: na
  • #327
  • Jun 5, 2014 7:22am Jun 5, 2014 7:22am
Quoting Spiritwalker
Hey guys... I'm swamped in work today, so very little time for markets and thread... Haven't taken any positions today Just popping in to view market reaction to news... Hope all of you are having fun, though...
Pretty quite day so far,am in the a/y at B/e
patience is bitter, but its fruit is sweet
  • #328
  • Jun 5, 2014 7:24am Jun 5, 2014 7:24am
Quoting rifid
{quote} Pretty quite day so far,am in the a/y at B/e
My AUD/JPY trade is actually 78 pips green at the moment...
Itchy Spirit Return This Year: na
  • #329
  • Jun 5, 2014 7:33am Jun 5, 2014 7:33am
Hit T/P 4 r/r
patience is bitter, but its fruit is sweet
  • #330
  • Jun 5, 2014 7:58am Jun 5, 2014 7:58am
Might call it quits early tonight,wife wants to go out.
Just talk amongst yourselves ,see u tomorrow
patience is bitter, but its fruit is sweet
  • #331
  • Jun 5, 2014 7:58am Jun 5, 2014 7:58am
Markets are crazy this afternoon...

Check out USD/CAD... It's nuts...
Itchy Spirit Return This Year: na
  • #332
  • Jun 5, 2014 10:48am Jun 5, 2014 10:48am
Good day all. I assume that EUR/CHF would be classed as "messy", therefore leave alone?
  • #333
  • Jun 5, 2014 10:52am Jun 5, 2014 10:52am
something on AUDUSD now. Just take a look.
  • #334
  • Jun 5, 2014 11:02am Jun 5, 2014 11:02am
Quoting mc19
something on AUDUSD now. Just take a look.
Indeed a nice setup... I will be taking a ride, I think...
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm5.png Size: 31 KB
Itchy Spirit Return This Year: na
  • #335
  • Jun 5, 2014 11:04am Jun 5, 2014 11:04am
Quoting Aksel
Good day all. I assume that EUR/CHF would be classed as "messy", therefore leave alone?
Personally, I wouldn't trade any CHF pair, unless you're scalping... Way too much volatility today...
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  • #336
  • Jun 5, 2014 11:07am Jun 5, 2014 11:07am
AUDUSD is a bit high risk for me. The resistance is just above.
I will put buy stop on the highest high if I want to trade this.
  • #337
  • Jun 5, 2014 11:10am Jun 5, 2014 11:10am
Thanks
  • #338
  • Jun 5, 2014 11:16am Jun 5, 2014 11:16am
So, MC19 - you took the AUD/USD long?
Itchy Spirit Return This Year: na
  • #339
  • Jun 5, 2014 11:22am Jun 5, 2014 11:22am
Nice break on Eur/usd
  • #340
  • Jun 5, 2014 11:25am Jun 5, 2014 11:25am
walker - i didn't take it, the resistance is just 5pips above. But triggered on USDCHF and EURUSD.
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