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The Force 5min system

  • #141
  • Nov 3, 2008 1:01am Nov 3, 2008 1:01am
Quoting forexjedi
If you took every trade since 12am est ...
Hi again Jedi,

Why 12:00am EST, your system also trades Asian session, you said? There were more losses there, no?

Regards,

VBro
  • #142
  • Nov 3, 2008 1:23am Nov 3, 2008 1:23am
Jedi,

Does this set up qualify?

Or is the Stoch cross too old?

VBro
Attached Image (click to enlarge)
Click to Enlarge Name: jedi45.gif Size: 12 KB
  • #143
  • Nov 3, 2008 1:23am Nov 3, 2008 1:23am
Theres a possible trade in the works to go long. Once thats complete ill post all the results for today in chart form till up to that moment .

Quoting vbro
Hi again Jedi,

Why 12:00am EST, your system also trades Asian session, you said? There were more losses there, no?

Regards,

VBro
Stacking pips since 2002
  • #144
  • Nov 3, 2008 1:39am Nov 3, 2008 1:39am
Thanks for the reply fj. I only took a few trades at around 5 Alpari time (he he!) and they din't go my way. 3 sell and 2 buy, the market on the 5 min seems a bit choppy today.... but I am only a newbie, so don't take my word
What you do is a reflection of you....what I do is a reflection of me.
  • #145
  • Nov 3, 2008 2:07am Nov 3, 2008 2:07am
Just wainting for this short trade to finish. The charts will follow.

Quoting Ezzy
Thanks for the reply fj. I only took a few trades at around 5 Alpari time (he he!) and they din't go my way. 3 sell and 2 buy, the market on the 5 min seems a bit choppy today.... but I am only a newbie, so don't take my word
Stacking pips since 2002
  • #146
  • Nov 3, 2008 2:17am Nov 3, 2008 2:17am
First try right now at the weekly pivot of of 1.2799.
Stacking pips since 2002
  • #147
  • Nov 3, 2008 3:06am Nov 3, 2008 3:06am
Yes that qualifies but not on the basic rules.

Quoting vbro
Jedi,

Does this set up qualify?

Or is the Stoch cross too old?

VBro
Stacking pips since 2002
  • #148
  • Nov 3, 2008 3:10am Nov 3, 2008 3:10am
Quoting forexjedi
Yes that qualifies but not on the basic rules.
Forgive my ignorance. Which part of the basic rules does it not qualify for?

Thx.

VBro
  • #149
  • Nov 3, 2008 3:16am Nov 3, 2008 3:16am
First try of the week at the weekly pivot has failed at 1.2799. The logical direction it should head in next is the monthly pivot at 1.3081. The MACD is still bearish and the stochs are overbout so a reversal is possible. My guess is a reversal judging by the price action.
Stacking pips since 2002
  • #150
  • Nov 3, 2008 3:18am Nov 3, 2008 3:18am
Chart below

Quoting forexjedi
First try of the week at the weekly pivot has failed at 1.2799. The logical direction it should head in next is the monthly pivot at 1.3081. The MACD is still bearish and the stochs are overbout so a reversal is possible. My guess is a reversal judging by the price action.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 32 KB
Stacking pips since 2002
  • #151
  • Nov 3, 2008 3:26am Nov 3, 2008 3:26am
You should wait till is goes up to the overbought or down to the oversold line and reverses but you dont have to if your up to the risk factor. Because that trade was so closse to being oversold it could have made a large bounce of the 20 line in the stochs.

Quoting forexjedi
Yes that qualifies but not on the basic rules.
Stacking pips since 2002
  • #152
  • Nov 3, 2008 3:42am Nov 3, 2008 3:42am
Quoting forexjedi
You should wait till is goes up to the overbought or down to the oversold line and reverses but you dont have to if your up to the risk factor. Because that trade was so closse to being oversold it could have made a large bounce of the 20 line in the stochs.
Looking forward to that chart of today's opprotunities, when you have a chance.

Thanks,

VBro
  • #153
  • Nov 3, 2008 7:57am Nov 3, 2008 7:57am
Quoting forexjedi
First try of the week at the weekly pivot has failed at 1.2799. The logical direction it should head in next is the monthly pivot at 1.3081. The MACD is still bearish and the stochs are overbout so a reversal is possible. My guess is a reversal judging by the price action.
FJ,

First off I have to hand it to you and everybody here participating, great thread and great system!

Question: do you really think those two MAs add anything as visual aid, since they will always cross anyway when a candle engulfs another candle in the opposite direction? And for exits don't you think the stoch crossings make better exits than the MA crossings?

Secondly, would you be so kind and post the new MACD colored indicator, I only have version 104. Do you happen to know what's new with the new one? Please also the Stoch MTA you're using and Weekly/Monthly pivot indicators (daily I don't need) if you don't mind.

And regarding the MACD indicator, one thing I haven't understood yet is the fluctuating number to the far right of an opened candle. What does it mean and how do you use it to your advantage?

Thx
  • #154
  • Nov 3, 2008 4:22pm Nov 3, 2008 4:22pm
good one again. 1:1.5 R/R
Attached Image (click to enlarge)
Click to Enlarge Name: 5mins.gif Size: 15 KB
  • #155
  • Nov 3, 2008 11:23pm Nov 3, 2008 11:23pm
Hi,

I usually choose my exit based on price action. For example if I see a set of candle reversal patterns Ill move my stop up or even close my position. Although if the MAs cross sometime ill just move my stop to the low/high depending on which direction my trades in. Sometime the price will reverse on continue on its path. Todays most recent price action has produce many good trades in the last few hours based on the basic rules. A chart is attached and so is you indicator.

Quoting shaunhoskins
FJ,

First off I have to hand it to you and everybody here participating, great thread and great system!

Question: do you really think those two MAs add anything as visual aid, since they will always cross anyway when a candle engulfs another candle in the opposite direction? And for exits don't you think the stoch crossings make better exits than the MA crossings?

Secondly, would you be so kind and post the new MACD colored indicator, I only have version 104. Do you happen to know what's new with the new one? Please also the Stoch MTA you're using and Weekly/Monthly pivot indicators (daily I don't need) if you don't mind.

And regarding the MACD indicator, one thing I haven't understood...
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 35 KB
Attached File(s)
File Type: mq4 MACD_Colored_v105.mq4   20 KB | 1,266 downloads
Stacking pips since 2002
  • #156
  • Nov 3, 2008 11:33pm Nov 3, 2008 11:33pm
The last signal you see in this chart to go long is still in progress.

Quoting forexjedi
Hi,

I usually choose my exit based on price action. For example if I see a set of candle reversal patterns Ill move my stop up or even close my position. Although if the MAs cross sometime ill just move my stop to the low/high depending on which direction my trades in. Sometime the price will reverse on continue on its path. Todays most recent price action has produce many good trades in the last few hours based on the basic rules. A chart is attached and so is you indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 35 KB
Stacking pips since 2002
  • #157
  • Nov 4, 2008 12:10am Nov 4, 2008 12:10am
Quoting forexjedi
The last signal you see in this chart to go long is still in progress.
thanks for your system,can u pls post your template? thanks
  • #158
  • Nov 4, 2008 12:17am Nov 4, 2008 12:17am
The simplicity of this system never cease to amaze me. I discover that there is alwayz Price action once there is a signal, most time, u see engulfing or morning/evening star and that further throw weight behind the system.

I am alwayz amazed and i perceive it doing well even in consolidation period.........

Nice one FJ
  • #159
  • Nov 4, 2008 12:22am Nov 4, 2008 12:22am
The template is attached. Your going to have to add the MACD in youself which is also included by attachment.

Quoting fxking
thanks for your system,can u pls post your template? thanks
Attached File(s)
File Type: tpl theforcetempmain.tpl   96 KB | 1,540 downloads
File Type: mq4 MACD_Colored_v105.mq4   20 KB | 1,081 downloads
Stacking pips since 2002
  • #160
  • Nov 4, 2008 12:24am Nov 4, 2008 12:24am
Its a good system in almost all conditions. Its has its bad days but the good days which are a lot more frequent make you forget about them. The only time you need to be carefull is around major S/R.

Quoting Naijafx
The simplicity of this system never cease to amaze me. I discover that there is alwayz Price action once there is a signal, most time, u see engulfing or morning/evening star and that further throw weight behind the system.

I am alwayz amazed and i perceive it doing well even in consolidation period.........

Nice one FJ
Stacking pips since 2002
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