thanks for the response GL....

The 5 minute TF S&R trading system

Sweet Call. would you reckon the trade I took on the 123 was a valid one or not so much?

The 5 minute TF S&R trading system

Stopped out -15

The 5 minute TF S&R trading system

indeed not. Still in it though.

The 5 minute TF S&R trading system

Yes I know what you mean. but I like to keep a pip as buffer because more often than not price wont retrace exactly to that level. Also since i breakeven when I get Half pips of target, even if it doesnt hit my target by a couple pips because of ...

The 5 minute TF S&R trading system

This is how we learn buddy.... Criticizing each others trades so heres how I see EU at the moment. edit: Plus, we are at a daily supply zone.

The 5 minute TF S&R trading system

No No, I went long at 97 since 97 had broken up. so I got +12 out of it. Now ill look for shorts at retrace of 97. this 123/V looks pretty sweet to me and 2 candles have closed below it as well. so im putting my PO there. Though it kind of a strong ...

The 5 minute TF S&R trading system

Entered another trade on EU at R turned S. Bounced sharply just below target, closed manually at +12. Apologies for the candles, force of habit. Will make sure to post line charts from here on in.. Comments on this Gerry?

The 5 minute TF S&R trading system

hmmm, I see what you mean. Thanks Gerry..

The 5 minute TF S&R trading system

I see what you mean about the line chart. It does look clearer that way. Althhough Divergence is still there even on the line chart. Could you possibly give an example of why you think the trade was invalid according to fx's rules? Thanks..

The 5 minute TF S&R trading system

Stopped rather quickly.

The 5 minute TF S&R trading system

Thanks for the response Gerry. Moving on. So my MM will be slightly tweaked. SL with be hard 15 pip. TL will depend on closest M5 R/S level i.e. anywhere between 10 (min) to 15 (max) pip. Will BE position at exactly half the TP (eg. is tp is +15 ...

The 5 minute TF S&R trading system

Hi All, Good technique, simple an effective. As with all PA trading the key being selective. Anyway I know this is only recommended for EU but has anyone tried other majors? Been backtesting NU on this, seems profitable. Just curious.. Best, H Edit: ...

The 5 minute TF S&R trading system

For AUDUSD debate — Hi Guys, Heres my take. I was in this trade on the way down but exited when I did (see quoted post) because theres alot of traffic after that. The circled areas are not just Jaroo's trouble areas or Mike's traffic zones but ...

james16 Chart Thread

So here's my first attempt to contribute after a long time. First trade for the month. Best, -H

james16 Chart Thread

Hey Dan, Thought I would give some input here as well. Been following J16, Romancing the Price and Price is Everything threads for just over a year now. Been trading demo for 4 year prior to joining here and live for just about since Jan this year. ...

james16 Chart Thread

QE3 — "To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency ...

USD/JPY Discussion

Update — After extensive back-testing of this strategy, it seems the strategy is giving a 50/50, rarely better results. I feel it needs to be tweaked and filtered alot more. I will come back soon... Thank you EaglePip for taking out the time ...

Need help to code EA for Momentum strategy

Makes sense. Thanks Jim. Best, H

4 Hour Strategy (MACD)

Hello Everyone. Im new here my first post. been going through all the posts and lessons that Phil has up and have been simultaneously back testing on the strategy tester. So for this is crazy effective.. Anyway i haven't properly been through the ...

4 Hour Strategy (MACD)