I haven't been over here in a bit, congratz. It's good to see that you've found your form.

C-12's Supply, Demand and PA thread

GJ sir, i see your style is evolving

The 5 minute TF S&R trading system

To manage a trade is quite simple. Here's how i manage my trade for these trades. These are the Mechanical rules: See setup then enter. TP 15 SL 15. Price goes to 10+ i set my stop to BE. Price goes to 13+ i set my stop to +10. Price goes to -10 ...

The 5 minute TF S&R trading system

Here's my chart of hindsight analysis. I do this everyday around 12:00pm to 1 pm. What i write in each section generally changes depending on my mood and frame of mind. It helps me keep my emotions in check. Thick Red Lines - Weekly Swing Hi/Lo ...

The 5 minute TF S&R trading system

Yeah, still learning from my mistakes.

The 5 minute TF S&R trading system

I took the long at 64 and just got stopped out. My normal entry would have been at 57 +1. I'd still be in the trade now with a chance for the BE exit. Lookin back at the 64 entry i see now that i made a bad decision. Not enough room for target tp. ...

The 5 minute TF S&R trading system

or longs if it goes that way

The 5 minute TF S&R trading system

at this point price has already made an opposing 123 so i'd be looking for shorts on this.

The 5 minute TF S&R trading system

This style of entry is pretty similiar to what i trade. If i may list your lines they appear to be as such; Your Daily Open which also happens to be NY close The previous days High and Low The Weekly Open and also some lines concerning swing highs ...

S&R short term bounces

It's to be expected. For me there's always 1 day out of the week where i don't open a trade.

The 5 minute TF S&R trading system

Not to take anything away from what you've said but this is how i see it. image 1. Price is slowly moving up towards the BRN so i wait until the price gets close enough for me to cost effectively run those stops. Also i want to do this before NY ...

The 5 minute TF S&R trading system

You said it. Majority of the ones that push price can be traced back to some sort of timely hi/lo or close or swing hi/lo and if that's the case why not just learn to trade those. The concept of the levels themselves is pretty solid if you give ...

Ramblings of a Forex Junkie

Good catch. I trade this way but i don't necessarily use monthly/weekly/daily close or hi/lo prices to determine the good from the bad. I don't use SD boxes anymore. Once you see it enough, you realize that it's not accurate to assume the box moves ...

Ramblings of a Forex Junkie

EU is takin a bathroom break right now

The 5 minute TF S&R trading system

You can trade the EJ with this just beware of the increased volitility in the pair.

The 5 minute TF S&R trading system

Snail, Before you look for the 123 you have to take into consideration the general picture. You took a short into the PIVOT trade of yesterdays high. Don't take a trade into a level where there's a fair chance it may bounce. If your certain it will ...

The 5 minute TF S&R trading system

That plus it was yesterdays london close AND there was confirmation in the form of a spike up when price reached the level.

The 5 minute TF S&R trading system

Would have done the same.

The 5 minute TF S&R trading system

I took the long from 34129 up to 34290 but didn't re-enter for the opposite direction. To many distractions at work.

The 5 minute TF S&R trading system