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Intresting finding or simply statistic: 5min candel 14 replies

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The Force 5min system

Quoting Siuol
Still waiting. Hey eddiegrey, I think he is talking to us!!! LOL
every candle starts out good and ends up turning on us....aaaaaaaaaaaaaaaaaaaargh
I can honestly say, this is the longest I've ever sat and waited for a single trade...ever. The best thing about it is, it feels good to finally be learning to have patience. I have to get up at 6:30am PST to get ready for work but I'm going to hold on and take this next trade because I deserve it for being so patient after rushing on my first two trades!

Quoting eddiegrey
every candle starts out good and ends up turning on us....aaaaaaaaaaaaaaaaaaaargh
Quoting Siuol
I can honestly say, this is the longest I've ever sat and waited for a single trade...ever. The best thing about it is, it feels good to finally be learning to have patience. I have to get up at 6:30am PST to get ready for work but I'm going to hold on and take this next trade because I deserve it for being so patient after rushing on my first two trades!
Good things come to those who wait my friend.
I pulled out the gun , waiting behind the wall (patiently) to shoot the pips as soon they enter my homezone.... and I will follow ...!

Let the bulls run the bear will follow !
Starting to really believe that. Let's just hope it comes in the form of a Aston Martin!

Quoting eddiegrey
Good things come to those who wait my friend.
Quoting forexjedi
Traders,

Heres a story ill chare with you all about patience and when I was learning FX before I started getting good.

Its starts with my mentor Dominik just taking me on after months of me trying to prove to him how bad I wanted to be a successfull trader. He finally took me on one day and gave me a series of rules to follow. The exact rules I try to enforce here. Be patient. Dont be risky. Dont take every trade because the signals have lined up. Understand why your taking the trade before you take it. Dont trade in danger zones like close...
I have been using similar system successfully for more than a year,only different is mine using 7x7 instead of 5x5 and additional couple of indi.
Anyway indeed i cant agree more than what you had been experiened.

Disciplined,stick the plan and focus. and ..........

Good job Jedi,seem like you had come to the level conscious competence.

Thanks for the thread.

Anyway just took 38 pips ,out from closing the gap.

Zu
That almost looks lke an valid entry?!?!?!?!
I'm waiting for a clearer signal. Learned my lesson on the first two.

Quoting eddiegrey
That almost looks lke an valid entry?!?!?!?!
Quoting Siuol
I'm waiting for a clearer signal. Learned my lesson on the first two.
didn't take it but almost did hahahaha this is starting to look better here..
Short @ 1.2671

Quoting eddiegrey
didn't take it but almost did hahahaha this is starting to look better here..
Quoting Siuol
Short @ 1.2671
Short @ 1.2672
Quoting Siuol
Short @ 1.2671

haha still can't make up its mind...but the force is with us!
Now this is the area I need work on...the management of the trade once the entry has been made. My stop is 5 pips above the previous swing high @2706

Quoting gujju1990
Short @ 1.2672
Valid entry in a safe zone. Bearish bounce. Lets see what happens. Will take 50% at 10, 30% at 20 then move stop to BE and let the rest ride. Keep stops tight.
Attached Image (click to enlarge)
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Stacking pips since 2002
Quoting Siuol
Short @ 1.2671
The short signal came just above the daily pivot on my chart...enough of a reason for me to hold off...i'm waiting for the long bounce later.

Good luck.....now i've posted this it should drop like a lead balloon
Quoting Siuol
Now this is the area I need work on...the management of the trade once the entry has been made. My stop is 5 pips above the previous swing high @2706
That is what I am thinking for my stop too.
Quoting Siuol
Short @ 1.2671

I wouldnt short yet,trend still strong,

Waiting for confirmation..

zu
Quoting Siuol
Now this is the area I need work on...the management of the trade once the entry has been made. My stop is 5 pips above the previous swing high @2706

mine is a little tighter... 2694 i just went with the previous high...this will start working its way down...my chart shows a daily pivot here at 2668 once we get over that we sould see it shape up...
Attached Image (click to enlarge)
Click to Enlarge Name: trade6[11-16-2008].jpg Size: 127 KB
I have two demo account for this system, mainly because of the difference in pivot points. On my metaquotes platform, I have exactly what you have but still took the trade. On my ibfx platform, there is nothing in the way until the next closest trendline. I'm taking all trades because I want to see which pivots work the best.

Quoting ChowClown
The short signal came just above the daily pivot on my chart...enough of a reason for me to hold off...i'm waiting for the long bounce later.

Good luck.....now i've posted this is should drop like a lead balloon
I'm with Alpari...these pivots are holding strong....I probably shouldn't have taken this trade but it was a valid entry and I'm tired hahahahahahah
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