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Forex intraday using the 5min chart: EURUSD 108 replies
The Force 5min system 3,806 replies
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DislikedThis is my final post on this matter.
Accuracy of 67%wins to 33% losses.
I hope this will encourage you to study the market rhythm and the way it acts very intensive as to know when a good setup is forming to take advantage of it.
PhillipIgnored
DislikedHere is a break out trade i just did
first i open 2 lots at the signal bar with the tail closed both at BE at the next bar because of its tail on top. the very next bar was again bullish so i enter again with 2 mini lots. closed one with 8 pips and second with 20 pips. ALso moving averages are still not open up so a little uncomfortable letting it run. I dont know if that makes a difference but still Learning. Thanks Phillip.Ignored
DislikedThis time it worked out. Watch the post I just did and the reasons why I did not take it. It is just my way of filtering potential wrong deals.Ignored
DislikedHi Phillip
Excellent post and valuable information for this system. A must for everyone using this system. That is all I can say.
My comment:
1. Very important to see what is going to happen after the breakout - I got burned several times entering on the breakout. Sometimes you might not even get an entry after the breakout - don't feel bad. Wait for the next setup.
2. One thing I learned using this system and trading with Phillip - don't feel bad when you missed a nice run. Previously I got very upset when I saw a nice move and I missed it. This has a negative effect on your next trade - you tend to jump the gun (too early entry and get burned). Stay with what you feel comfortable with. Nowadays I do analise that move and see where I got it wrong or why did I miss the entry for the future.
Just sharing my experience with this system and enjoy the tradingIgnored
DislikedA loss with EU, can someone point out what's wrong with this trade?
Pull back in a nice trend with MACD TC confirm, I took that trade after MACD confirm.
ThanksIgnored
DislikedA loss with EU, can someone point out what's wrong with this trade?
Pull back in a nice trend with MACD TC confirm, I took that trade after MACD confirm.
ThanksIgnored
DislikedHi there,
I noticed that the EMA crosover signal that some of us are using repaints itself !! (enclosed below)
For me at least, this is very bad news... Because I trade mostly from my job, i was keeping my platform minimized (while fulfiling my job dutyes) and only when an alert was played I took a look at the charts. Also, I used it to do the backtesting for improving the money management. I hope you understand why I`m so upset...
So, is there anyone who can fix it, or at least sugest another alert which can fit this strategy? Or maybe write an alert based on the colored MACD (as I sugested in an earlier post)...
Please help !
Whishing you big pips,
NecreIgnored