Attachments: Genuine 5m 4R/R system

Genuine 5m 4R/R system

#1,421
Jan 19, 2016 1:14am Jan 19, 2016 1:14am

orid
| Joined Jun 2013 | Status: Trader | 608 Posts

well I pulled for 15 pips went on for another 10 as you see , anyway that's a 45 pips for today I can relax now and decide whether to risk further but I have to lose at least 8 trades in a row to lose the wins pretty good money managing Ok see yas all over and out.
Peter

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#1,422
Jan 19, 2016 2:20am Jan 19, 2016 2:20am

jgadefelth
| Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts

Quoting orid

Disliked

well I pulled for 15 pips went on for another 10 as you see , anyway that's a 45 pips for today I can relax now and decide whether to risk further but I have to lose at least 8 trades in a row to lose the wins pretty good money managing Ok see yas all over and out. Peter{image}

Ignored

Thanks for posting your trades.

Is your risk / reward 1:2 ?

Best regards

#1,423
Jan 19, 2016 3:44am Jan 19, 2016 3:44am

orid
| Joined Jun 2013 | Status: Trader | 608 Posts

I always set 1-4 = 5 pip sl and 20 TP then manage as you go , todays trades 1-2 1-3 1-4

takes practice to know and I'm still learning

#1,424
Jan 19, 2016 1:40pm Jan 19, 2016 1:40pm

jgadefelth
| Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts

Quoting orid

Disliked

I always set 1-4 = 5 pip sl and 20 TP then manage as you go , todays trades 1-2 1-3 1-4 takes practice to know and I'm still learning

Ignored

Thanks good to know.

except from the pdf on first page, How do i learn this and speed up my learning process rifid talks about a year to see the good patterns ?

Best regards

#1,425
Jan 21, 2016 2:22am Jan 21, 2016 2:22am

lancedes
| Joined Sep 2009 | Status: Trader | 955 Posts

Quoting jgadefelth

Disliked

{quote} Thanks good to know. except from the pdf on first page, How do i learn this and speed up my learning process rifid talks about a year to see the good patterns ? Best regards

Ignored

You need to understand that there are no shortcuts in trading education and learning to master a highly successful method. Invest the time. Practise, practise, practise. Ultimately the fruits of success will be there. Don't look for the easy way out.

#1,426
Jan 21, 2016 2:35am Jan 21, 2016 2:35am

Amanfx
| Joined Mar 2013 | Status: Trader | 26 Posts

Lancedes....
What is your name ?
Where are you from ?

#1,427
Edited 8:32pm Jan 24, 2016 8:19pm | Edited 8:32pm

TheRoper
Joined Apr 2009 | Status: Trader | 477 Posts

Hi All,

I have read the PDF file and am about 1/4 through the thread. I am very interested in this method and would appreciate validation on the USD/JPY long entry below.

Kind Regards

Kurt

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#1,428
Jan 24, 2016 8:33pm Jan 24, 2016 8:33pm

rifid
Joined Oct 2012 | Status: Trader | 553 Posts

Quoting TheRoper

Disliked

Hi All, I have read the PDF file and am about 1/4 through the thread. I am very interested in this method and would appreciate validation on the long entry below. Kind Regards Kurt {image}

Ignored

Hi Roper,

This is an excellent entry on either 5m or1m TF, reason being if you look at 5m chart you will see that it has been in long term long trend prior to retracement.

Price pattern has given a perfect change of trend by giving a higher high and a higher low and topped it off by a lovely P2P setup at 118620, giving strong indication that price will at least go back up to previous 5m high 118882. Well done.

patience is bitter, but its fruit is sweet

#1,429
Edited 8:59pm Jan 24, 2016 8:44pm | Edited 8:59pm

TheRoper
Joined Apr 2009 | Status: Trader | 477 Posts

Quoting rifid

Disliked

{quote} Hi Roper, This is an excellent entry on either 5m or1m TF, reason being if you look at 5m chart you will see that it has been in long term long trend prior to retracement. Price pattern has given a perfect change of trend by giving a higher high and a higher low and topped it off by a lovely P2P setup at 118620, giving strong indication that price will at least go back up to previous 5m high 118882. Well done.

Ignored

Thanks Rifid,

Would I be correct is assuming that the first point in GBP/JPY here is not valid due to previous swing point being broken making it a previous downtrend?

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#1,430
Jan 24, 2016 9:09pm Jan 24, 2016 9:09pm

rifid
Joined Oct 2012 | Status: Trader | 553 Posts

Quoting TheRoper

Disliked

{quote} Thanks RifID, Would I be correct is assuming that the first point in GBP/JPY here is not valid due to previous swing point being broken making it a previous downtrend? {image}

Ignored

You have caught me on a very rare day , I don't come on this thread very often as I am busy in the Private trading room and I feel that every thing that one needs to trade this method successfully is all contained in the thread, it is actually a very simple method mechanically to learn, trouble is most traders are so ingrained trading with indicators, telling them what to do [ highly misguided unfortunately} that they find it hard to readjust to thinking for themselves, some just cant do it. As long as you are relying on someone or something else to make trading decisions for you you will never succeed longterm in trading.

Unlike many threads on FF this method of trading has never changed in its basic makeup since its inception, apart from going from 5m to 1m TF being the most common thesedays and the option of 10 or 20 pip TP. The reason for virtually no change is because it WORKS and dosnt need to change.

Everything you need to succeed in trading longterm is in this thread, if you don't get it 1st time keep reading it and it will soon become more and more clear to you, be professional in your approach and be very determined for success and it will come to you, perhaps not overnight, but in a few months or so miracles will happen.

Anyway back to your question Roper, you are right , this is not a valid setup as the points are not on the same plane, a question that has been asked and answered many times in the thread . Keep studying, good luck to all.

RIFID

patience is bitter, but its fruit is sweet