Wait for strong breaks of consolidations and trade the retest. Be aware places price doesn't seem to want to go and if price is making hh/ll/hl/lh. Pay attention to news and time of year. Thats all it is.

The 5 minute TF S&R trading system

Anyone else in this one? Looks like i'm about to hit BE. image Just hit BE as i was typing this.

The 5 minute TF S&R trading system

Glad you can see it clearly, easy part is over! Now go make some goals and achieve them!

The 5 minute TF S&R trading system

Be careful with the 1 minute chart. Often times consolidation on the 1 min can look like valid entries and end up taking pips.

The 5 minute TF S&R trading system

I'm lookin at the 47/52 area. I'm not trading this, just lookin.

The 5 minute TF S&R trading system

Not a trade for me. It's too late in the session. Otherwise thats how i pretty much look for a setup. In this case since the pink line is so close to the purple line i'd enter at the purple line. Something to note is that if you took the short from ...

The 5 minute TF S&R trading system

I decided not to post the SD trades i take here. I was already questioning wether i should post it or not, i don't want to sidetrack the info in this thread. Now that FXpivots posted i'll keep it clean. Also, there are plenty of other resources to ...

The 5 minute TF S&R trading system

Based on what, you decide size of stop level ? Mostly depends on the size of the level, but i also consider type of level, and where it is. When do you call it a day? Any specific daily target? If it looks like things are slowing down then i'll call ...

The 5 minute TF S&R trading system

These are the pivot trades i would take. image Forgot to put in the pic that the 2 mid was another possible entry after the break of 2 high but after the 4 low break became a valid trade then i would have closed this entry at BE.

The 5 minute TF S&R trading system

I'll answer when i have some time. Merry Christmas!

The 5 minute TF S&R trading system

At most i'll take 3 trades in any given day, but that doesn't happen often. I average about 1.6 trades a day.

The 5 minute TF S&R trading system

Stop is between 10 and 20 and tp is double whatever the stop is. I used to do this when i first started with SD.

The 5 minute TF S&R trading system

I've messed with variations of the idea of taking partials. I'm actually used to doing this. But i find that taking the full 3% at 15 pips is good enough for me. I've even recently stopped running my SD trades like i used too. Now i just take ...

The 5 minute TF S&R trading system

1. Fxpivots changed his chart to just the Line chart or 1 MA which is great for the big picture. I see that you all have price bars also. I noticed that with just the MA it is not apparent that the price has actually touched the level. I assume you ...

The 5 minute TF S&R trading system

Good trading guys. Lol sorry about that forhisglory. I probably still won't this time next year though. But todays chart shows what a great setup looks like. I think the last 2 trades are perfect examples of what too look for. The first break is the ...

The 5 minute TF S&R trading system

I might have taken the 2nd one but today has historically been a day of random movement for me. Last year was the only year i walked away with gains on the week before christmas. I think i made 6%. Every year previous had taken money from me and in ...

The 5 minute TF S&R trading system

Right now my spread is at 1.5 on Oanda compared 0.8 - 0.9 most days around this time. This higher spread plus price jumping up and down in sharp moves and the fact that it's holiday season indicates lower liquidity. Price is ranging, it would take a ...

The 5 minute TF S&R trading system

Thats good. When you first opened this thread I was going to suggest setting your stop above or below the tallest or lowest rejection from your zone but i figured you'd get to that point eventually. It's good to watch your trading evolve so steadily. ...

C-12's Supply, Demand and PA thread

No not in this one as i got tha charts up around 8:20am. But even if i was there i wouldn't have taken that one via Pivots. That would have been an SD trade with an entry around 64

The 5 minute TF S&R trading system

Lucky you. I was seduced to forex trading by a fella who was using stochastics, rsi, and macd together with various moving averages. He was pulling anywhere from 8% to 18% a month regularly on divergence plays. He does taxes for 4 months out of the ...

The 5 minute TF S&R trading system