Genuine 5m 4R/R system

EJ has to clear 139.932 for a much bigger upside move. Watching it closely.

Just one question....

It is late Friday, the Asian + Europe markets are closed and the bankers all packed up for the weekend after one long and spiky week with the G7 meetings, ECB and NFE.

Do you believe the markets still have enough steam in the engine for a 20 pip move?

I hope I am wrong!

Honestly, I don't know... I reckon if there's any movement left in the markets, we'll see it in the last half hour or so of trade in US... I have long ago stopped to try and figure out where the market will be going... EUR/JPY had a nice setup... AUD/JPY had a nice setup... And one or two more... But I didn't take any...

You make a good point, flat markets are very frustrating.

All we can do is place the trade as per rules and wait and see if it has any legs.

EJ long rejection at 139.93 again, I'm out at +5.1.

All right, people... Have a good weekend... Think I'm gonna get some sleep...

Happy hunting!

Just for interest sake - you guys see the volume spikes on the previous 5M bar on all CHF crosses?

All the above charts are screen shots of most of the trades taken from this weeks set ups from post 411
The green horizontal line indicates, and lines up the points, the yellow vertical line indicates a winning trade and the red lines are the loosing trades.
You should easy be able to locate these setups on your chart.
When the 5 m chart is compressed as these are it is easy to see the setups in relation to the prevailing trend.
You will also notice that the setups with the best chance of success are in the direction of the trend. that is not to say counter trend trades wont win ,but success rates are lower.
If you zoom into these trades you will notice how the general makeup of them are neat and cleanly formed, untidy setups reduce your chances of winning.
Each one of these winning trades will put 8% into your account, such is the power of a 4 risk /reward system.
Even very average traders who could only pick 3 out of every 10 winners will still make a profit trading this system.
Any thoughts and questions welcome.

Thanks for start ths thread. I am a swing trader looking for more opportunities. This week on the 4RR system I was 1 W 0L 2 BE. I will take that every week!

Question on this last chart, Was this trade actually a loss? You have a yellow vertical line but it did not go up 20 pips. Am I wrong?

Thanks!

Appreciated...

Rifid...when you see a set up, do you take it every time or you have developed a "gut" instinct when to avoid some trades....