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Genuine 5m 4R/R system

  • #921
  • Jun 13, 2014 3:47am Jun 13, 2014 3:47am
what do you think about eur/gbp? two points heading lower... might of run out of steam but maybe a move down is forming
  • #922
  • Jun 13, 2014 3:47am Jun 13, 2014 3:47am
Quoting rifid
{image} Heres a nice smooth chart thats what i look for
That was a nice breakout north at 10182 about 5 hours ago. looks like it could be set to break south through that level again. Need to assess jpy strength across the board.
  • #923
  • Jun 13, 2014 3:51am Jun 13, 2014 3:51am
GJ @ 172.869, but support right away and CT
  • #924
  • Jun 13, 2014 3:54am Jun 13, 2014 3:54am
Quoting Jamie.A
what do you think about eur/gbp? two points heading lower... might of run out of steam but maybe a move down is forming
Already been stung on this once today but will watch
patience is bitter, but its fruit is sweet
  • #925
  • Jun 13, 2014 4:28am Jun 13, 2014 4:28am
U/J looking good, but against a trend.
  • #926
  • Jun 13, 2014 4:40am Jun 13, 2014 4:40am
GJ @ 172.812 but a CT, nearest resistance @ .532
  • #927
  • Jun 13, 2014 4:43am Jun 13, 2014 4:43am
Quoting Brdino
U/J looking good, but against a trend.
Yeah, looks good but lots of resistance ahead, no space even for a scalp.
  • #928
  • Jun 13, 2014 4:46am Jun 13, 2014 4:46am
E/G another good looking against trend.
  • #929
  • Jun 13, 2014 4:49am Jun 13, 2014 4:49am
Hi, I just wondered what time session over the years the best setups form? I am trying (trying being the ultimate word) to trade full time so I can trade whatever time really (live in UK) I often wake up to find decent setups happen in the asian session?

I got burnt on EurJpy, tried to force the setup which was never there...

Thanks for any help,
  • #930
  • Jun 13, 2014 4:58am Jun 13, 2014 4:58am
Rifid, mind sharing your thoughts about the AUDUSD that just took a plunge ? Thanks.
  • #931
  • Jun 13, 2014 5:00am Jun 13, 2014 5:00am
E/A was it a valid setup ?
  • #932
  • Jun 13, 2014 5:04am Jun 13, 2014 5:04am
Quoting Brdino
E/A was it a valid setup ?
Would have liked it to be ,but no void after the second touch
patience is bitter, but its fruit is sweet
  • #933
  • Jun 13, 2014 5:06am Jun 13, 2014 5:06am
Quoting 2121
Rifid, mind sharing your thoughts about the AUDUSD that just took a plunge ? Thanks.
So did a few others dont know why, didnt stop to form setup though
patience is bitter, but its fruit is sweet
  • #934
  • Jun 13, 2014 5:15am Jun 13, 2014 5:15am
Quoting rifid
{quote} So did a few others dont know why, didnt stop to form setup though
Attached Image (click to enlarge)
Click to Enlarge Name: audusd+m5.png Size: 31 KB

Just had another look at that a/u and if you ignore that little poke thru there ,you had 3 beautifully lined up points, so it would be tempting to take.
patience is bitter, but its fruit is sweet
  • #935
  • Jun 13, 2014 5:18am Jun 13, 2014 5:18am
Quoting Brdino
U/J looking good, but against a trend.
this one for scalp, finshed now
patience is bitter, but its fruit is sweet
  • #936
  • Jun 13, 2014 5:22am Jun 13, 2014 5:22am
Quoting rifid
{quote}{image} Just had another look at that a/u and if you ignore that little poke thru there ,you had 3 beautifully lined up points, so it would be tempting to take.
Already mentioned the 2 pin point before. I took the short setup on the last little poke & stopped out for -5p.
Do you consider to re-enter if the setup line pierced again?
  • #937
  • Jun 13, 2014 5:23am Jun 13, 2014 5:23am
Quoting rifid
{quote}{image} Just had another look at that a/u and if you ignore that little poke thru there ,you had 3 beautifully lined up points, so it would be tempting to take.
saw that too but the 94 level is very close, so I didn't take it
In the end its just a stupid numbers game
  • #938
  • Jun 13, 2014 5:23am Jun 13, 2014 5:23am
Quoting rifid
{quote} this one for scalp, finshed now
yeah, took a small profit on this one. From your experience what is winrate % of those scalping trades ?
  • #939
  • Jun 13, 2014 5:24am Jun 13, 2014 5:24am
First chart. Is this a valid setup? or does it have to be with the trend?
I'm not clear what the exact rules and criteria are.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy15.png Size: 35 KB
  • #940
  • Jun 13, 2014 5:26am Jun 13, 2014 5:26am
Yeh I was in A/U but I had TP set at scalp because it was against trend, so frustrating
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