71 buy just paid

The 5 minute TF S&R trading system

Holiday week. Lets see what happens. Adding AU to the mix. image image

GLJ

Won't be trading tomorrow so i'll just post this now. Four weeks ago i started... 1. At anytime between 8am-9am est i pull up a 1 min chart on the Euro/Usd covering london open till present. 2. I place lines at all recent highs and lows. If a line ...

GLJ

Some more adjustments. image

GLJ

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GLJ

More mid week adjustment image image

GLJ

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GLJ

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GLJ

Time for some midweek adjustments.

GLJ

Au was running around in a 30 pip channel all morning. I would wait for another day.

The 5 minute TF S&R trading system

Yes it was. It's one of the better entries for the day.

The 5 minute TF S&R trading system

Doesn't look good for the 82 short

The 5 minute TF S&R trading system

HMm looks like i missed the 03 short and the 86 short. Lets see what happens with this 82 short.

The 5 minute TF S&R trading system

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GLJ

I understand what you say when you mentioned that it's much harder to pinpoint the exact turning point. This means a larger stop loss to account for the variability and inherent in being a larger time frame it's going to take longer for the exit to ...

GLJ

I think everyone is lazy or not ready. I noticed that from i first started reading this forum that those traders that show systems and make successful calls before the trade are individuals who have actually spent a lot of time testing/trading ...

The 5 minute TF S&R trading system

Seems like it. Doesn't matter though. Just keep doin what your doin until your at a point where you can spot the proper entry from a mile away.

The 5 minute TF S&R trading system

image I colored my lines just to show what they are if done right. Normally i'll just put a line at the top or the bottom but i put em both this time. image image

GLJ

lol nice

Charts on Drugs or works of Art?

No such thing as cheating when it comes to trading so you might as well use it till it stops working, because it will.

C-12's Supply, Demand and PA thread