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    • krmo replied Jan 2, 2013

      2 trades this morning. 1 win = +10 pips 1 loss = -5 pips 1st trade was a break of the 123 after a 2b with divergence. Would have been a full 10 pip trade if I had not messed with my stop. 2nd trade was a retest of the 2. A close of the test bar was ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 31, 2012

      Yeah, you know hindsight! I have the M15, M5 and M1 charts open. I take the trades based on the M5. Use the M15 for a bigger picture. And the M1 more for looking for early signs of momentum. I broke or more like forgot to check one of my own rules. ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 30, 2012

      Quick 3% Trade 10 pip SL & TP. Bounce off of previous level (support turned resistance) with a mini 123. Took the break of 2 (watched the 1 min chart) image I was watching for a break and retest of this consolidation. Yellow box - arrow is retest. ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 28, 2012

      Here is a description of the 2b. Divergence just adds to the strength of 2b. Divergence in and of itself is not anything other than a heads up that something MAY happen. In your example the penetration held so no action. Hope that helps! image ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 27, 2012

      Thanks fxpivots, GL & OG, Yes, I agree in regards to time. I was just looking at the setup. The lighter gray area on my charts is my normal trading time for now. 4:30 am PST - 9:30 am (I then look at mid Asian to try to catch something going into ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 27, 2012

      Hi All, As I said I am not taking any live trades until after Jan 2. I am seeing consolidation. We have a small break with closes below. BUT, this is trying to make pudding out of @#$%. Not the convincing type break fxpivots is talking about. I ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 27, 2012

      Hi GL, When you are reviewing the 15 min chart for the bigger picture, would you take a previous pivot into consideration as shown below? Or do you just keep it in mind, but continue with the immediate trend (5 min)? This is a 15 min chart zoomed ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 27, 2012

      GL, Great reply and description of your thinking process to snail69's post! I am going to print it and keep it on my desk! I was observing trading action today and trying to think through each pivot the same way. Phil Newton of Trading \_/ ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 23, 2012

      Thanks Good Lookin! Glad I am on the same "page" as you. I have been trading with multiple lots/ units (4). Taking 2 off at 1/1, 1 off at 2/1 and managing the last. For this I was considering taking 85% off at 1/1 and managing the last. But it may ...

      The 5 minute TF S&R trading system
    • krmo replied Dec 22, 2012

      Hi all, FxPivots started a great thread and THP added some great confirmation. Good Lookin, snail69 & forhisglory, you have all taken the reigns on it very well. Good Lookin I have seen you over on Kenneth Lee's and appreciate your perspectives. I ...

      The 5 minute TF S&R trading system