In my view, and this is only my view, there is no false break. It broke and the trade just did not work out. That is where my money management comes into play.

The 5 minute TF S&R trading system

mijnmail, You are correct that my trade does not meet the rules. My rules for me are slightly different than that of fxpivots. Both of us trying to achieve the same thing just different ways to go about it. I just look for consolidation and watch ...

The 5 minute TF S&R trading system

Ok, here is my trade for today. Nice little break out and retest of news this morning. See attached.

The 5 minute TF S&R trading system

fxpivots, my strategy varies slightly from yours. Over my years I have noticed that the attached pattern works very well.

The 5 minute TF S&R trading system

I took short on EUR/USD. Chart attached stop at break even.

The 5 minute TF S&R trading system

Took a short on GBP/USD from 1.62949. Target is 40 pips which equals 1:2 risk/reward.

The 5 minute TF S&R trading system

Okay here is my first post with a trade and chart.

The 5 minute TF S&R trading system

Fxpivots, excellent thread! I trade a little different than this but it has many similarity's. I will post some charts of trades in the next few weeks.

The 5 minute TF S&R trading system

Great trading! I also use the 5 min chart and trade very similar to you. Congrats on going live! I hope you continue to post results but leave out the money part. Have a great weekend!

Trading FX for a living - finally

That is a very good question to ask, C-12. More often than not they are found at the extremes in price. That also gives more room for profit and probability.

C-12's Supply, Demand and PA thread

Looking forward to seeing more. Keep up the good work! I will try to post what I see as well. Have a great weekend.

C-12's Supply, Demand and PA thread

Euro just hit the level I was looking for. Lets see what it does. see chart

B.S. Trading with Kenneth Lee

I took the same trade C-12, bagged 8 pips on the Euro short from that level. Watching the 1.3050 level now to see if we can catch a long from 5min chart.

B.S. Trading with Kenneth Lee

Great trading C-12!

B.S. Trading with Kenneth Lee

Trade update, AUD/USD, Trade was entered almost to the pip. Moved stop to break even plus one at 1:1 Risk reward and was stopped out there. Trade did move to target level at 1.01815 though after I was stopped out. EUR/USD, Trade was never triggered ...

B.S. Trading with Kenneth Lee

Ok, I have two potential trades I have pending orders for. 1st is the Euro/$. Looking at a 30min supply level that is in a decent area of the curve. Risk is fairly small and I am willing to put my money on the line on this one. 2nd is the Aussie/$. ...

B.S. Trading with Kenneth Lee

C-12, That was my only concern with it but I was willing to put my money on the line. Stop was only 7 pips and I got stopped out.

B.S. Trading with Kenneth Lee

Here is a nice little supply level on GBP/USD. Looking for 1:2 risk/reward on this.

B.S. Trading with Kenneth Lee

Good thread Ken. Keeping tabs on this now.

B.S. Trading with Kenneth Lee

Traderx, May I ask why you added to a losing position so many times? Are you looking to catch a bigger swing on a daily or weekly chart?

It's Really All About Consistency...