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The Force 5min system

  • #21
  • Oct 30, 2008 3:45am Oct 30, 2008 3:45am
Quoting forexjedi
Pipsrider,

Since 12am est ive only counted 3 lagit signals including the current one trade 3. Just be carefull to follow the exact system rules to avoid losses. Have you been trading since before 12am est?
Your journal times don't compute.
You show entering trade #3 at 0430 est.
That was only 15 minutes ago.
There was no entry at that time.
  • #22
  • Oct 30, 2008 3:48am Oct 30, 2008 3:48am
Here is the template . it may help
Attached File(s)
File Type: tpl 5minforce.tpl   2 KB | 2,416 downloads
Never sell @ lower upward channel unless breacked and vise versa .
  • #23
  • Oct 30, 2008 3:53am Oct 30, 2008 3:53am
I am going by the time on my PC. Its possible it may be off.

Quoting billbss
Your journal times don't compute.
You show entering trade #3 at 0430 est.
That was only 15 minutes ago.
There was no entry at that time.
Stacking pips since 2002
  • #24
  • Oct 30, 2008 3:54am Oct 30, 2008 3:54am
Quoting forexjedi
Pipsrider,

Since 12am est ive only counted 3 lagit signals including the current one trade 3. Just be carefull to follow the exact system rules to avoid losses. Have you been trading since before 12am est?
(english is not my native language)Sorry but i had another 5 min ago and i m now at 5 win 1 loss !
Do you open trade when it s right on the open or on the break of the high candle ? Amd for the take profit i use a 15 trailing stop !
Luk
  • #25
  • Oct 30, 2008 3:56am Oct 30, 2008 3:56am
Trade closed at +4 pips. Price action tells me it headed bearish.

http://www.forexfactory.com/showpost...85&postcount=2



Quoting forexjedi
A long signal has now accured. My previous position was closed at +33 pips and I am now long at 1.3179. See my journal for updates.

http://www.forexfactory.com/showpost...85&postcount=2
Stacking pips since 2002
  • #26
  • Oct 30, 2008 4:02am Oct 30, 2008 4:02am
Waiting for a possible long trade once the price moves into the 1.3121 ish area.
Stacking pips since 2002
  • #27
  • Oct 30, 2008 4:09am Oct 30, 2008 4:09am
Nice strat - as always discretion makes or breaks it. Have R1 about now and taking some profit on the last short signal. Nice.
  • #28
  • Oct 30, 2008 4:12am Oct 30, 2008 4:12am
This time it was a short 14 pips, the fibo line tell me to close the trade but it was too early because of the news at 5:00
Attached Image (click to enlarge)
Click to Enlarge Name: force 1.gif Size: 39 KB
  • #29
  • Oct 30, 2008 4:12am Oct 30, 2008 4:12am
My journal has been updated with my thoughts regarding pending trade number 5.

http://www.forexfactory.com/showpost...85&postcount=2


Quoting forexjedi
Waiting for a possible long trade once the price moves into the 1.3121 ish area.
Stacking pips since 2002
  • #30
  • Oct 30, 2008 4:13am Oct 30, 2008 4:13am
This is a nice and simple sys,just gave me 60pips on eurusd (short)and backtested.
  • #31
  • Oct 30, 2008 4:14am Oct 30, 2008 4:14am
Nice system.

Why didnt you take the last short signal ?

Or i misunderstud some of your rules ?

http://img46.imageshack.us/img46/2210/wwwwwwwwgs1.gif


Thanks


Zeuzera
  • #32
  • Oct 30, 2008 4:16am Oct 30, 2008 4:16am
6 wins and 1 loss is no doubt fantastic. Possible bullish move in the works.

Quoting PipsRider
This time it was a short 14 pips, the fibo line tell me to close the trade but it was too early because of the news at 5:00
Attachment
Stacking pips since 2002
  • #33
  • Oct 30, 2008 4:20am Oct 30, 2008 4:20am
I wait till both stoch lines close above the 80 then close passing back through with the same idea on the 20 line on the short side. Althoug it was a nice move I only like to trade when I know im going to make pips or only suffer a small pip loss.

Quoting zeuzera
Nice system.

Why didnt you take the last short signal ?

Or i misunderstud some of your rules ?

http://img46.imageshack.us/img46/2210/wwwwwwwwgs1.gif


Thanks


Zeuzera
Stacking pips since 2002
  • #34
  • Oct 30, 2008 4:22am Oct 30, 2008 4:22am
I enter right on the open.


Quoting PipsRider
(english is not my native language)Sorry but i had another 5 min ago and i m now at 5 win 1 loss !
Do you open trade when it s right on the open or on the break of the high candle ? Amd for the take profit i use a 15 trailing stop !
Luk
Stacking pips since 2002
  • #35
  • Oct 30, 2008 4:23am Oct 30, 2008 4:23am
Thanks for the complement. I hope you enjoy trading it.


Quoting letuak
This is a nice and simple sys,just gave me 60pips on eurusd (short)and backtested.
Stacking pips since 2002
  • #36
  • Oct 30, 2008 4:36am Oct 30, 2008 4:36am
Quoting forexjedi
I enter right on the open.
Thanks forexjedi !
  • #37
  • Oct 30, 2008 4:36am Oct 30, 2008 4:36am
Quoting forexjedi
I wait till both stoch lines close above the 80 then close passing back through with the same idea on the 20 line on the short side. Althoug it was a nice move I only like to trade when I know im going to make pips or only suffer a small pip loss.
OK.

Thx.
  • #38
  • Oct 30, 2008 4:40am Oct 30, 2008 4:40am
Quoting ChowClown
Nice strat - as always discretion makes or breaks it. Have R1 about now and taking some profit on the last short signal. Nice.
...last short signal now up 95+, the emas are still nicely separated with the prevailing momentum. Will trail the remainder of the position just above the high of 2 candles/bars back, or exit on the ema cross, whichever comes first.

Edit:..stopped out now for +75.
  • #39
  • Oct 30, 2008 4:43am Oct 30, 2008 4:43am
Quoting forexjedi
Thanks for the complement. I hope you enjoy trading it.
I enjoy it bc it remove panic and fear of sudden change in price direction especially if you obey the rules to the letter,this is trade made easy not withstanding the crazy rhythm operating the market now,thanks.
  • #40
  • Oct 30, 2008 4:44am Oct 30, 2008 4:44am
No problem. I hope everyone tries my strategy out for at least a week. Im a conservative trader myself and I stick to the rules of my system to protect my profits. Thats not to say if your more risky than I that you could trade this strategy very agresively. Lastly im sure everyone has noticed by now my grammar is horrible but math has always been my strong point.


Quoting PipsRider
Thanks forexjedi !
Stacking pips since 2002
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