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- T.h.p replied Oct 16, 2012
when price makes a high then price goes up considerately then kinda tops out that last high of 17 needed to be tested again remember r turns to s
The 5 minute TF S&R trading system
- T.h.p replied Oct 16, 2012
17 was last high before price went up. remember r turns into s
The 5 minute TF S&R trading system
- T.h.p replied Oct 16, 2012
notice that long at 17 just missed other wise that would have won
The 5 minute TF S&R trading system
- T.h.p replied Oct 16, 2012
things might be changing. here's my take if this forms a 123 and breaks we can trade the retracement to go short also if price comes to 17 that's the long area
The 5 minute TF S&R trading system
- T.h.p replied Oct 16, 2012
unless something changes the next place to long is at 17 you all see that
The 5 minute TF S&R trading system
- T.h.p replied Oct 15, 2012
As i look at this the news coming up is not that big. I thought it was red but it was orange so it shouldnt widen spread that much. Call me chicken today.
The 5 minute TF S&R trading system
- T.h.p replied Oct 15, 2012
Trend started down and took out previous lows of 54. The last dip was 60 before going down but it hasnt reached the level yet and might not.
The 5 minute TF S&R trading system
- T.h.p replied Oct 12, 2012
been trading this way for over 3 yrs very successfully. the market works via supply and demand (s &r). its late contemplating shorting at 70
The 5 minute TF S&R trading system
- T.h.p replied Oct 12, 2012
ok i will hang for awhile as far as todays market a whole lot of shaking going on
The 5 minute TF S&R trading system
- T.h.p replied Oct 12, 2012
does everyone here understand the concept
The 5 minute TF S&R trading system
- T.h.p replied Oct 12, 2012
wow someone who trades like me why isnt this thread active
The 5 minute TF S&R trading system
- T.h.p replied Oct 31, 2011
delta try 5 minute chart and use divergence to filter the poke bar
2b pattern
- T.h.p replied Oct 31, 2011
Hi danc the way you determine HH HL LL LH is with price action not indicator action
Higher low, lower high system
- T.h.p replied Oct 30, 2011
Question why has this thread died when with a little work on the traders part (backtesting) you will see how super this setup is especially on 5 minute chart here are a few setups. Here are my setup rules the sifference between the peaks or valleys ...
2b pattern