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The Force 5min system

  • #81
  • Oct 30, 2008 11:12pm Oct 30, 2008 11:12pm
Possible trade comming up within the hour. My journal for today will be updated here. I also plan to post a chart from yesterday some time in the next couple of hours.

Journal
http://www.forexfactory.com/showpost...33&postcount=3
Stacking pips since 2002
  • #82
  • Oct 30, 2008 11:37pm Oct 30, 2008 11:37pm
Journal updates on the latest bullish move. No trade yet.


Quoting forexjedi
Possible trade comming up within the hour. My journal for today will be updated here. I also plan to post a chart from yesterday some time in the next couple of hours.

Journal
http://www.forexfactory.com/showpost...33&postcount=3
Stacking pips since 2002
  • #83
  • Oct 31, 2008 12:30am Oct 31, 2008 12:30am
yes good ,i'll go to have a look
Attached Image (click to enlarge)
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  • #84
  • Oct 31, 2008 12:37am Oct 31, 2008 12:37am
The major banks are having their way with the market right now and have been for the past hour. Theres not going to be any trades till their done. I expect this to last about anothe 30 to 45 min. Theres no signals at the moment to to the major volatility and the unstable spreads.
Stacking pips since 2002
  • #85
  • Oct 31, 2008 12:48am Oct 31, 2008 12:48am
Is this method good in trading in the asian session?
  • #86
  • Oct 31, 2008 12:52am Oct 31, 2008 12:52am
I use it during the asian and euro session and stop trading before the US session. Realistically you could trade any session with it but I like to trade during less volatile sessions because its more stable and you can use a smaller stop.

Quoting brokenguitar
Is this method good in trading in the asian session?
Stacking pips since 2002
  • #87
  • Oct 31, 2008 1:18am Oct 31, 2008 1:18am
Heres a chart from yesterday morning with a couple examples of 2 trades that total 37 pips in profit.
Attached Image (click to enlarge)
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Stacking pips since 2002
  • #88
  • Oct 31, 2008 1:21am Oct 31, 2008 1:21am
Forexjedi: Great system, but any recommendations on minimizing chances of losses from a "death" candle? See attached chart. I didn't take that trade, but the crossover of the 2 EMA lines occurred during that long bearish candle.

Also, in your post #86, you stated that you like trading during the asian and london session because they are less volatile than NY. However, London is the most volatile session.
Attached Image (click to enlarge)
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  • #89
  • Oct 31, 2008 1:30am Oct 31, 2008 1:30am
The trade you show is a valid signal. Unfortunatly the banks steped into the market at the exact time of the peircing bearish candle. The spreads went out of control and still are. Ever so often this happens. Theres no way of predicting it because its so random. The baks have control of the market right now. It should be back to normal before the euro session. If you followed the rule to the system you would have been stopped at -20 pips. I didnt take this trade because I just opened my charts and missed it by 5 min. One factor I would have considered to stop me from making that trade had I been there for it was the weekly support 3 at 1.2848. Even though I dont mention in my method description about pivots and support and resistance these are key components to trading in its entirety. Every trader out there should have these marked down somewhere. Personally I use weekly and monthly pivots. As for sessions I think the Eur/US session is the most volatile which is why I stop trading at about 7am est. Lastly the bearish candle trade was not a valis signal because the stochs didnt fully pass through the 80 line close there then cross back through.

Quoting eagle4x
Forexjedi: Great system, but any recommendations on minimizing chances of losses from a \"death\" candle? See attached chart. I didn't take that trade, but the crossover of the 2 EMA lines occurred during that long bearish candle.

Also, in your post #86, you stated that you like trading during the asian and london session because they are less volatile than NY. However, London is the most volatile session.
Stacking pips since 2002
  • #90
  • Oct 31, 2008 1:30am Oct 31, 2008 1:30am
Quoting eagle4x
Forexjedi: Great system, but any recommendations on minimizing chances of losses from a \"death\" candle? See attached chart. I didn't take that trade, but the crossover of the 2 EMA lines occurred during that long bearish candle.

Also, in your post #86, you stated that you like trading during the asian and london session because they are less volatile than NY. However, London is the most volatile session.
hey,bro,
that big bar is affected by the BOJ,so trading with news is very dangerous...
  • #91
  • Oct 31, 2008 1:38am Oct 31, 2008 1:38am
Attached is a chart corresponding with this post. There was no valid signal given on the long bearish bar due to both stochs not closing up through the 80 line.

Quoting forexjedi
The trade you show is a valid signal. Unfortunatly the banks steped into the market at the exact time of the peircing bearish candle. The spreads went out of control and still are. Ever so often this happens. Theres no way of predicting it because its so random. The baks have control of the market right now. It should be back to normal before the euro session. If you followed the rule to the system you would have been stopped at -20 pips. I didnt take this trade because I just opened my charts and missed it by 5 min. One factor I would have considered to stop me from making that trade had I been there for it was the weekly support 3 at 1.2848. Even though I dont mention in my method description...
Attached Image
Stacking pips since 2002
  • #92
  • Oct 31, 2008 1:40am Oct 31, 2008 1:40am
Attached is a chart from yesterday morning showing what two valid entry signal should look like. One long and one short. If it doesnt look just like this setup on the charts I dont take the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 29 KB
Stacking pips since 2002
  • #93
  • Oct 31, 2008 1:44am Oct 31, 2008 1:44am
My Journal located at the link below will explain my thoughts on the market as it developed till now and why my system has not generated any trades yet.

http://www.forexfactory.com/showpost...33&postcount=3
Stacking pips since 2002
  • #94
  • Oct 31, 2008 1:47am Oct 31, 2008 1:47am
BOJ = Big old joint (he, he). Kidding aside, that candle occurred 3 hours before the BOJ.

Quoting brokenguitar
hey,bro,
that big bar is affected by the BOJ,so trading with news is very dangerous...
  • #95
  • Oct 31, 2008 1:48am Oct 31, 2008 1:48am
vRY SIMPLE AND EASY TO USE

grabed 25 pip 5 minutes

How you tested in any oter pair

thanks
  • #96
  • Oct 31, 2008 1:51am Oct 31, 2008 1:51am
chart
Attached Image (click to enlarge)
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  • #97
  • Oct 31, 2008 1:52am Oct 31, 2008 1:52am
Theres a possible long trade in the works. All the signals are moving into place. The only deterent is that the spread is still pretty wide and still a little bit unstable right now.
Stacking pips since 2002
  • #98
  • Oct 31, 2008 1:54am Oct 31, 2008 1:54am
I am testing on EU/AU because the moemet is very fast in this pair
  • #99
  • Oct 31, 2008 2:08am Oct 31, 2008 2:08am
Journal updates and analasys for the market from 12am est till now are located in my journal at the link below.

http://www.forexfactory.com/showpost...33&postcount=3
Stacking pips since 2002
  • #100
  • Oct 31, 2008 2:23am Oct 31, 2008 2:23am
Quoting forexjedi
Attached is a chart corresponding with this post. There was no valid signal given on the long bearish bar due to both stochs not closing up through the 80 line.

in my chart ,all factors is fitted,the KDJ also fits for that,
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