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The Force 5min system

  • #181
  • Nov 5, 2008 9:15am Nov 5, 2008 9:15am
Quoting lite27
Dear Forexjedi, I want to suggest to use Aishi candles instead normal candles. It will encrese amount of successeful trades.
...can we do this with MT4? We can use a Heikin Ashi indicator on the chart, but wouldn't the emas work off the normal candles?...or am i barking completely up the wrong tree?
  • #182
  • Nov 5, 2008 10:04am Nov 5, 2008 10:04am
do you know how heiken ashi is calculated? It's simply an average or weighted average of come combination of the open, high, low, and close.
  • #183
  • Nov 5, 2008 6:00pm Nov 5, 2008 6:00pm
Lite,

Can you post a chart proving what you state regarding your claims below? My thoughts about placing the stop two candles back is not good. This just means youll loose more pips if the price reverses. From my experience the price will either move in the aticipated direction right away or not move at all. Lastly im trying to keep my system simple enough that anyone could trade it with any charting software not just mt4 indicators.

Jedi

Quoting lite27
Dear Forexjedi, I want to suggest to use Aishi candles instead normal candles. It will encrese amount of successeful trades. And second: stop loss is better to place under 2 recent candles from signal candle. What do you think about? Thank you for your system. It is very good.
Stacking pips since 2002
  • #184
  • Nov 5, 2008 6:07pm Nov 5, 2008 6:07pm
this is one of the great system I have tried in FF. It's really working consistently for the past few days for me.

Thnx forexjedi
  • #185
  • Nov 5, 2008 9:02pm Nov 5, 2008 9:02pm
As I mentioned yesterday in the test below here is the first move of the day on the USD/JPY. The market opens with a existing trend then an adjustment is made and a quick 10 pips is gained on the first valid signal of the session taking less tha 10 min. If you do this at the beginning of the Asian and Euro session thats 20 pips a day right there. Set your alarm wake up for an hour make your 10 pips and then go back to bed. Please see the chart below.


Quoting forexjedi
Heres something that will help eveyone out. Put the period seperators on your charts, bring up a 5min usd/jpy and see if you can notice what happens everyday almost within the first hour of the asian session. What happens? The market adjusts itself. This happens at the beginning of every session. If you wait for the first valid signal of the session at set a 10 pip take profit you will succeed. Sometime there may be a move or trend already in progress so wait till that one reverses and then wait for all the signals to line up and that bar to close with the signals lined up and take the trade. DEMO first. Take Profit at 10 pips and SL at the low of the signal candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 29 KB
Stacking pips since 2002
  • #186
  • Nov 5, 2008 9:04pm Nov 5, 2008 9:04pm
No problem. I hope you enjoy the system. If you stick with it you will be a success in Forex.

Jedi

Quoting forexisfx
this is one of the great system I have tried in FF. It's really working consistently for the past few days for me.

Thnx forexjedi
Stacking pips since 2002
  • #187
  • Nov 6, 2008 1:16am Nov 6, 2008 1:16am
Quote
Originally Posted by lite27 http://www.forexfactory.com/images/buttons/viewpost.gif
Dear Forexjedi, I want to suggest to use Aishi candles instead normal candles. It will encrese amount of successeful trades. And second: stop loss is better to place under 2 recent candles from signal candle. What do you think about? Thank you for your system. It is very good.

hhahahahahahahaha, This will be the begining of calamity! well, am not surprised, its alwayz happening here on FF............

why can't we take simplicity as it is and earn cool Money..................?
Why would we want to be greedy at all time?
wot is it in human being that selfishly-unrealistically crave for more?

As for me, the only addition to this system is wot FJ intend posting next week, as for the concept, any addition will lead to DOOM

Method so simple that my 3yr old can trade......... we wonna complicate it that even a professor can't comprehend.

hahahahahahahahahahahahaha........................ Begining of calamity
  • #188
  • Nov 6, 2008 2:14am Nov 6, 2008 2:14am
Naj,

Well said. If it aint broke dont fix it. I have 6 years in FX. My system is a large amount of trial and error. By large I mean years. No one can get good at fx by changing things all the time and being greedy. Trading 15 pairs and jumping from one system to the next. My advice is to pick one pair and mary yourself to it, your together through thick and thin. After a reasonable amount of time you just know whats what when the pair is moving. Its like when you first meet someone like your wife or husband. After time you cant just look at them and know whats on their mind. Like when your wife gives you that quick glance and you know its going to be your lucky night. Or you know you messed up. There is nothing wrong with my system. There is no way to make it better. If you change it in any way then it wouldnt even be my system anymore. I know how hard it is to trade fx as a newbie. Ive been there. I know what its like to have the dream of making the big bucks. I know what its like to think you got it and then get handed -pips. Ive lost a lot of sleep over Forex. Perserverance is the key. This is a free working system that makes pips. I posted it here to help people work through the learning curve of FX and cut years out of their learning. Ive many good systems come on to this forum that make pips that I trade on a regular basis. Then ive seen them get added to and picked at then eventually people stop making pips and the system is destroyed because no one knows whats what anymore. I refuse to let this happen here. This thread is for poeple who want to stick to something that works and thats not going to change. Im here to help people and and answer questions but I ask that people dont post ideas on changing the system. Keep it pure. My system works and everyone reading this can make pips using it. Start small and set a TP of 10 pips and work with that. 40 to 50 pips a week compounds pretty quick. When youve made pips close up shop. No system works all the time and no system has a 100% guarantee.

Jedi

Quoting Naijafx
hhahahahahahahaha, This will be the begining of calamity! well, am not surprised, its alwayz happening here on FF............

why can't we take simplicity as it is and earn cool Money..................?
Why would we want to be greedy at all time?
wot is it in human being that selfishly-unrealistically crave for more?

As for me, the only addition to this system is wot FJ intend posting next week, as for the concept, any addition will lead to DOOM

Method so simple that my 3yr old can trade......... we wonna complicate it that even a professor can't comprehend.

hahahahahahahahahahahahaha........................ Begining of calamity
Stacking pips since 2002
  • #189
  • Nov 6, 2008 2:52am Nov 6, 2008 2:52am
Quote
Naj,

Well said. If it aint broke dont fix it. I have 6 years in FX. My system is a large amount of trial and error. By large I mean years. No one can get good at fx by changing things all the time and being greedy. Trading 15 pairs and jumping from one system to the next. My advice is to pick one pair and mary yourself to it, your together through thick and thin. After a reasonable amount of time you just know whats what when the pair is moving. Its like when you first meet someone like your wife or husband. After time you cant just look at them and know whats on their mind. Like when your wife gives you that quick glance and you know its going to be your lucky night. Or you know you messed...

My People perish becoz of GREED!

FJ, The truth is this.............. Hard truth! Newbies will never listen to advice but MKT, the awesome teacher, is alwayz there to correct anybody.

I am getting tired and worn-out preaching 'caution':

My people perish becoz of Greed!

Good system FJ, wonna teach wifey too so that she start making money
  • #190
  • Nov 6, 2008 3:04am Nov 6, 2008 3:04am
Naj,

Thanks for the comments. Greed is a killer of all things.

Quoting Naijafx
My People perish becoz of GREED!

FJ, The truth is this.............. Hard truth! Newbies will never listen to advice but MKT, the awesome teacher, is alwayz there to correct anybody.

I am getting tired and worn-out preaching 'caution':

My people perish becoz of Greed!

Good system FJ, wonna teach wifey too so that she start making money
Stacking pips since 2002
  • #191
  • Nov 6, 2008 3:05am Nov 6, 2008 3:05am
Big reversal comming into formation soon on the Eur/Usd.
Stacking pips since 2002
  • #192
  • Nov 6, 2008 3:27am Nov 6, 2008 3:27am
Quoting forexjedi
Peace,

Your answers are posted below. Just to let you know these signals are not related to my system. I put them to false in the indicator settings. I found this indicator on mql4.com and adopted it because of the color changes when it goes from bull to bear ect..
I did look it and found out what all those ment. I wanted to share it with you.

RT = Round Top
RB = Round Bottom
VT = V Top
VB = V Bottom
TC = Trend Continue
ZB = Zero Bounce

Still trying to find what the numbers mean at the end on the MACD

Peace
  • #193
  • Nov 6, 2008 3:36am Nov 6, 2008 3:36am
Quoting forexjedi
Big reversal comming into formation soon on the Eur/Usd.
Care to expand on this, FJ? Thanks in advance....i'm seeing a H&S developing on the hourly chart. On the 5 min i'm still biased long and only taking the Force in that direction for now.
  • #194
  • Nov 6, 2008 3:47am Nov 6, 2008 3:47am
The following things lead me to believe a big reversal is comming.

-Yesterdays high of 1.3116 and the connecting trend line to todays high 1.2931 ( The price should bounce of this line )
-Below the daily pivot at 1.2931
-Below the daily R1 at 1.3086
-Below the monthly pivot of 1.3081

Then below the price are the weeker daily support 1 2 3 and the weekly pivot.

Quoting ChowClown
Care to expand on this, FJ? Thanks in advance....i'm seeing a H&S developing on the hourly chart.
Stacking pips since 2002
  • #195
  • Nov 6, 2008 3:51am Nov 6, 2008 3:51am
I could be wrong but im almost sure it will bounce of the trend line mentioned below. Then produce a stoch cross somewhere between the 50 and 80 zone match up on the MACD and plunge below all support. Lets see what happens which should be very soon.

Quoting forexjedi
The following things lead me to believe a big reversal is comming.

-Yesterdays high of 1.3116 and the connecting trend line to todays high 1.2931 ( The price should bounce of this line )
-Below the daily pivot at 1.2931
-Below the daily R1 at 1.3086
-Below the monthly pivot of 1.3081

Then below the price are the weeker daily support 1 2 3 and the weekly pivot.
Stacking pips since 2002
  • #196
  • Nov 6, 2008 3:53am Nov 6, 2008 3:53am
My chart below

Quoting forexjedi
I could be wrong but im almost sure it will bounce of the trend line mentioned below. Then produce a stoch cross somewhere between the 50 and 80 zone match up on the MACD and plunge below all support. Lets see what happens which should be very soon.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 30 KB
Stacking pips since 2002
  • #197
  • Nov 6, 2008 4:03am Nov 6, 2008 4:03am
Quoting forexjedi
The following things lead me to believe a big reversal is comming.

-Yesterdays high of 1.3116 and the connecting trend line to todays high 1.2931 ( The price should bounce of this line )
-Below the daily pivot at 1.2931
-Below the daily R1 at 1.3086
-Below the monthly pivot of 1.3081

Then below the price are the weeker daily support 1 2 3 and the weekly pivot.
Interesting analysis, thanks for sharing that....price inching towards the pivot, does look toppy now on 5min.
  • #198
  • Nov 6, 2008 4:11am Nov 6, 2008 4:11am
Evening Star printed on the hrly now too.
  • #199
  • Nov 6, 2008 4:13am Nov 6, 2008 4:13am
Chow,

Shes gonna blow!

Quoting ChowClown
Evening Star printed on the hrly now too.
Stacking pips since 2002
  • #200
  • Nov 6, 2008 4:18am Nov 6, 2008 4:18am
Quoting forexjedi
Chow,

Shes gonna blow!
nice one, FJ....FF lacks pre-trade analysis in the main...lots of hindsight stuff, so a refreshing change. Let's see where this one goes...

Edit:...i have a current hourly channel bottom around 2830.
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