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The Force 5min system

  • #241
  • Nov 6, 2008 3:57pm Nov 6, 2008 3:57pm
R,

On the basic rules yes. I just posted advanced rules for people that want to take the extra step. See post 238

Quoting rorieu
FJ

Do you need both (1) stoch lines to have crossed the 80/20 lines or just the %K stoch (2) ?

R
Stacking pips since 2002
  • #242
  • Nov 6, 2008 4:05pm Nov 6, 2008 4:05pm
R,

Funny you post this chart right after I posted the advanced system. A perfect bounce on your chart. Chart is attached.

Quoting rorieu
FJ

Do you need both (1) stoch lines to have crossed the 80/20 lines or just the %K stoch (2) ?

R
Attached Image
Stacking pips since 2002
  • #243
  • Nov 6, 2008 11:17pm Nov 6, 2008 11:17pm
As soon as theres some trade ops, The force advanced will spring into action.
Stacking pips since 2002
  • #244
  • Nov 6, 2008 11:37pm Nov 6, 2008 11:37pm
The price is bouncing aroun a long term downtrend line dated back to yeasterday and a short term up trend that started aaround 9pm est today. Not sure whats what yet. Still waking myself up and drinking my coffee.


Quoting forexjedi
As soon as theres some trade ops, The force advanced will spring into action.
Stacking pips since 2002
  • #245
  • Nov 6, 2008 11:43pm Nov 6, 2008 11:43pm
Heres a little more. The price has also formed a steep short term downtrend line in the past hour. The price is stuck in a triangle. Daily pivot above as well as the weekly and monthly pivot and several large resistance pivots. If I had to make a educated guess right now, id say well see some bearish divergence on the stochs a bounce of the lower trend the bullish divergence up to the first short term down trend that formed in the past hour. See the chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 30 KB
Stacking pips since 2002
  • #246
  • Nov 6, 2008 11:49pm Nov 6, 2008 11:49pm
Everyone needs to make sure they have read post 238. I have deployed "The Force Advanced" for people who feel their ready.
Stacking pips since 2002
  • #247
  • Nov 7, 2008 12:08am Nov 7, 2008 12:08am
Another upper line has formed. To me at this moment the price is trying to find direction. My guess is that it will test the longer up trend and break through it. The line I speak of is the nice uptrend that started at the beginning of the day. Im not willing isk any cash yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 33 KB
Stacking pips since 2002
  • #248
  • Nov 7, 2008 12:49am Nov 7, 2008 12:49am
Nothing worht trading yet. The price action does not agree with the indicators. The waiting game continues.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 34 KB
Stacking pips since 2002
  • #249
  • Nov 7, 2008 12:59am Nov 7, 2008 12:59am
Bounce in progress. Im trying to make the chart now.
Stacking pips since 2002
  • #250
  • Nov 7, 2008 1:10am Nov 7, 2008 1:10am
I cant make these charts fast enough. The price has already hit the daily pivot. Chart below.

Quoting forexjedi
Bounce in progress. Im trying to make the chart now.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 36 KB
Stacking pips since 2002
  • #251
  • Nov 7, 2008 1:33am Nov 7, 2008 1:33am
Used your system on EU just now Buy at 6:50 and earned 10 pips
No loss since yesterday using this.
Will continue testing :nerd:
Pivot Boss in the making~
  • #252
  • Edited 1:47am Nov 7, 2008 1:36am | Edited 1:47am
As I mentioned earlier the price has cleared the upper trend and has now found support there. I have closed 80% of my postion and moved the rest at +10 pips and taking 30 pips profit on the first 80%. There is major resitance with the last upper trend line and the weekly pivot. A range till the Euro open or a loarge reversal is expected. With the pending NFP for the US which will be horrible I dont see much of a reversal possible. The only thing to stop this from moving forward is the big money at the weekly pivot.
Stacking pips since 2002
  • #253
  • Nov 7, 2008 2:04am Nov 7, 2008 2:04am
Morning all,

I'll be taking the next valid signal once we have direction away from this pivot area....price action likely to be a tad freaky until NFP perhaps...we'll see.

Edit:...hrly S/R chart showing the pivot area.
Attached Image (click to enlarge)
Click to Enlarge Name: 071108(1).gif Size: 19 KB
  • #254
  • Nov 7, 2008 2:45am Nov 7, 2008 2:45am
Quoting forexjedi
As I mentioned earlier the price has cleared the upper trend and has now found support there. I have closed 80% of my postion and moved the rest at +10 pips and taking 30 pips profit on the first 80%.
Nice trade, FJ. I got into the office too late to catch this one, won't be long until the next setup though.....what time do you usually begin trading?
  • #255
  • Nov 7, 2008 2:46am Nov 7, 2008 2:46am
Im having some internet connection problems. Trying to work them out with my ISP. Its reliable for me to trade till I get them fixed. Shouldnt take long.
Stacking pips since 2002
  • #256
  • Nov 7, 2008 2:49am Nov 7, 2008 2:49am
Quoting rorieu
Yes! I was going to post about this. It's so bad I dumped it. It's calculating stuff for Philip Nell's method which we don't want.
I'm looking at the two attached. They are earlier versions that do the colour change thing (I think)

R

Yes my friend I dumped it too. I am now using MACD with histogram ( 2 colors) The other that i have that changes colors is MTF MACD_incolor. If anyone needs these please feel free to ask.

Peace
  • #257
  • Nov 7, 2008 3:09am Nov 7, 2008 3:09am
I don't trade my method on NFP, so that will give me ample opportunity to rigorously fine tune my skills on your method.

Good that u have incorporated TL too, and u shd be surprised to see that each time we have a bounce on TL(Trendline) ur system signal entry........ that's a strong convergence.

How is the multi-time frame pivot numbers arrived at? I will be glad if u can just give me a brief explanation....... coz my style of arriving at s/r is a bit diff , then, this is ur method and i want to trade it ur way to get nearly ur result.

Have a goo day Bro
Naija
  • #258
  • Nov 7, 2008 3:16am Nov 7, 2008 3:16am
Chow,

Ok im back in business. That trade wa a monster. Still partially in and p over 70 pips. Looks like a bounce may happen soon.

Quoting ChowClown
Nice trade, FJ. I got into the office too late to catch this one, won't be long until the next setup though.....what time do you usually begin trading?
Stacking pips since 2002
  • #259
  • Nov 7, 2008 3:22am Nov 7, 2008 3:22am
Possible bounce of the lower line just below the price. Chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #260
  • Nov 7, 2008 3:23am Nov 7, 2008 3:23am
Naj,

I posted an indicator that I picked up a few days ago on post 238. Enjoy.

Quoting Naijafx
I don't trade my method on NFP, so that will give me ample opportunity to rigorously fine tune my skills on your method.

Good that u have incorporated TL too, and u shd be surprised to see that each time we have a bounce on TL(Trendline) ur system signal entry........ that's a strong convergence.

How is the multi-time frame pivot numbers arrived at? I will be glad if u can just give me a brief explanation....... coz my style of arriving at s/r is a bit diff , then, this is ur method and i want to trade it ur way to get nearly ur result.

Have a goo day Bro
Naija
Stacking pips since 2002
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