The Force 5min system | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Intresting finding or simply statistic: 5min candel 14 replies

5min Bollinger breakout system 42 replies

My journal on The Force 5min system 5 replies

Backtest Data Timeframe > 1min, 5min necessary? 2 replies

Attachments: The Force 5min system
Exit Attachments

The Force 5min system

  • #121
  • Oct 31, 2008 6:01am Oct 31, 2008 6:01am
Quoting tordi
Quickly 10 PIPīS on E/U. Thanks for the System.
Tordi
not so fast. you're at a loss right now
  • #122
  • Oct 31, 2008 6:04am Oct 31, 2008 6:04am
Another 10 Pips.
see the Chart.
tordi
Attached Image (click to enlarge)
Click to Enlarge Name: euscalp2.gif Size: 21 KB
  • #123
  • Oct 31, 2008 6:14am Oct 31, 2008 6:14am
Quoting sed34
not so fast. you're at a loss right now
See the Chart. The TP - Line is blue. It is the TP 10 Pips.

Itīs verry fast and in Newstime. Only Demotests.

regards tordi.
  • #124
  • Oct 31, 2008 6:49am Oct 31, 2008 6:49am
Hi all,

I seen my very good friend on this thread and i decided to see wot he is looking at, while scanning through, i discovered that its a good thread.

I have my trading method which is basically from 1hr-daily tf, but after reading the thread in 10 mins, i was just fortunate to spot a setup and i gave it a try, its working well, presently at +20pips, have moved stop to previous hi as i anticipate a bounce of TL

I think this will keep paying my breakfast coffee and snacks while i wait for my main signal.

Good work
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 18 KB
  • #125
  • Oct 31, 2008 7:00am Oct 31, 2008 7:00am
Quoting Naijafx
Hi all,

I seen my very good friend on this thread and i decided to see wot he is looking at, while scanning through, i discovered that its a good thread.

I have my trading method which is basically from 1hr-daily tf, but after reading the thread in 10 mins, i was just fortunate to spot a setup and i gave it a try, its working well, presently at +20pips, have moved stop to previous hi as i anticipate a bounce of TL

I think this will keep paying my breakfast coffee and snacks while i wait for my main signal.

Good work
Nice one, Mike. ....i have the daily S1 at 2680 ish around the hourly TL too.
  • #126
  • Oct 31, 2008 7:31am Oct 31, 2008 7:31am
Regarding your chart in post #119, I was planning on asking forexjedi about closing of trades anyway. Why not use the crossover of the stochastics as the signal to close, as many times it crosses before the MA's do? Looks to me like the crossover of the stochastics on this trade would have sealed a profit.

Quoting sed34
I'll look at this, but i just got a signal and entered a demo trade at i'm at a loss right now.
  • #127
  • Oct 31, 2008 9:01am Oct 31, 2008 9:01am
eagle,

I usually base my exit on price action and support and resistance.


Quoting eagle4x
Regarding your chart in post #119, I was planning on asking forexjedi about closing of trades anyway. Why not use the crossover of the stochastics as the signal to close, as many times it crosses before the MA's do? Looks to me like the crossover of the stochastics on this trade would have sealed a profit.
Stacking pips since 2002
  • #128
  • Oct 31, 2008 9:29am Oct 31, 2008 9:29am
Special note regarding todays charts on the Eur/Usd. I would like to attribute today unstable price action patters limiting trades on my system to the price rallies around the monthly support 3 at 1.2728. Theres a battle here between the market makers and high rollers. The first signal was the unstable price action that started right around 12am est. I like to stay away from the market around monthly supports because the market is extremely unstable and unpredictable for traders using the intraday charts. If you go draw a line at the monthly support 3 price of 1.2728 zoom out on your charts and look at the whoe weeks price action you can get a good idea of how the price acts around montly supports. I would like to add that caution should be used if the price is within 100 pips of any monthly support. On monday when the supports have changed there will be many pips to be made.
Stacking pips since 2002
  • #129
  • Oct 31, 2008 9:37am Oct 31, 2008 9:37am
Quoting forexjedi
Special note regarding todays charts on the Eur/Usd. I would like to attribute today unstable price action patters limiting trades on my system to the price rallies around the monthly support 3 at 1.2728. Theres a battle here between the market makers and high rollers. The first signal was the unstable price action that started right around 12am est. I like to stay away from the market around monthly supports because the market is extremely unstable and unpredictable for traders using the intraday charts. If you go draw a line at the monthly support 3 price of 1.2728 zoom out on your charts and look at the whoe weeks price action you can get a good idea of how the price acts around montly supports....
Good post, FJ. I don't use higher TF pivots (just daily ones), but I will be including them from next week, for sure.....anyone have a multi timeframe pivot indicator to hand?
  • #130
  • Oct 31, 2008 9:43am Oct 31, 2008 9:43am
Today I tried with EU/AD and GBP/US$

EU/AD IS NOT GOOD

but gbp/us$ is very good

Thanks for the system and very simple to use,
  • #131
  • Oct 31, 2008 9:56am Oct 31, 2008 9:56am
Quoting harigp
Today I tried with EU/AD and GBP/US$

EU/AD IS NOT GOOD

but gbp/us$ is very good

Thanks for the system and very simple to use,
Agree with you on GU today.

When deciding which signal to trade I'll check the 'wick landscape' on the chart first, i'll avoid non-trending, wick(ey) price action. Mindful though that a breakout into better conditions will follow. Therefore the strat is likely to work on all pairs/instruments (i trade this on DAX too), when the price action is clean.
  • #132
  • Oct 31, 2008 10:22am Oct 31, 2008 10:22am
Thanks for that

EU/AD was very funny today

Next week i am planning to try on otherpairs but managing more than one
pair in 5 minute chart will be difficult

An EA could be good
  • #133
  • Oct 31, 2008 10:25am Oct 31, 2008 10:25am
Multi pivot indies....
Attached File(s)
File Type: mq4 MultiplePivotsV2.mq4   26 KB | 961 downloads
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 912 downloads
  • #134
  • Oct 31, 2008 11:38pm Oct 31, 2008 11:38pm
This is to everyone who has traded my system this week. Im looking for people to rate my thread on this system so I can get a general feel for how people like it. Im also looking for the poeple who have been trading other pairs successfully with it to post what pairs they have been trading. Lastly is anyone has any suggestions on items that I should add to this thread to make things easier for new people or existing people to learn my system please PM me or post them here.
Stacking pips since 2002
  • #135
  • Nov 1, 2008 4:38am Nov 1, 2008 4:38am
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
This system puts your nose on the market. Its good for a kind of quick hit and run style particularly .I used it with usd/jpy with success even before i saw yours. Keep on the research!!!!!!!!!!!!
I like the Big Dogs because I trade like them
  • #136
  • Nov 2, 2008 6:04pm Nov 2, 2008 6:04pm
Forexjedi thank you for your very interesting system. I have just 1 question. Do we trade on 5 min.chart just in direction of 15 min.chart? I mean if on the 15 min.chart we have downtrend then on the 5 min.chart we take only sell signals and ignore buy signals? Correct? Thank you,
  • #137
  • Nov 2, 2008 11:34pm Nov 2, 2008 11:34pm
Hi,

On ocassion I might check the 15min chart if the price action doesnt make sense on the 5min.

Quoting lite27
Forexjedi thank you for your very interesting system. I have just 1 question. Do we trade on 5 min.chart just in direction of 15 min.chart? I mean if on the 15 min.chart we have downtrend then on the 5 min.chart we take only sell signals and ignore buy signals? Correct? Thank you,
Stacking pips since 2002
  • #138
  • Edited Nov 3, 2008 12:40am Nov 2, 2008 11:55pm | Edited Nov 3, 2008 12:40am
Hi FJ

Your rules seem to be very easy to follow. Nonetheless I have encountered nothing but losses today. Any suggestions why?

I might try longer timeframes, see what happens.

Thanks
What you do is a reflection of you....what I do is a reflection of me.
  • #139
  • Nov 3, 2008 12:51am Nov 3, 2008 12:51am
If you took every trade since 12am est you would have lost exactly 12 pips right up to this moment. Two short trades. This is due to the bullish momentum from the MACD being on the top side of the 0 line. Technically it is counter trend to go short. None the less the losses combine to -12 pips. When a good signal come around you should make much more than that. If you want ill post a chart detailing my claims.

Quoting Ezzy
Hi FJ

Your rules seem to be very easy to follow. Nonetheless I have encountered nothing but losses today. Any suggestions why?

I might try longer timeframes, see what happens.

Thanks
Stacking pips since 2002
  • #140
  • Nov 3, 2008 12:56am Nov 3, 2008 12:56am
Quoting forexjedi
If you took every trade since 12am est you would have lost exactly 12 pips right up to this moment. Two short trades. This is due to the bullish momentum from the MACD being on the top side of the 0 line. Technically it is counter trend to go short. None the less the losses combine to -12 pips. When a good signal come around you should make much more than that. If you want ill post a chart detailing my claims.
Hi Jedi,

Could you please throw up a chart with those 2 trades from today?

Thanks,

VBro
0 traders viewing now