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The Force 5min system

  • #261
  • Nov 7, 2008 3:35am Nov 7, 2008 3:35am
Quote
Possible bounce of the lower line just below the price. Chart below.

seems we are using same data feed (IBFX ?)

good that u posted ur chart, looking at that chart, did u get a signal the candle immediately after the bearish engulfing candle?

i asked this becoz then the sma 5s were not crossed but parallel...... so i ignored it............. but wot is ur experience trading when such scenario occurs?

I think i will have more questions to ask as time progresses
  • #262
  • Nov 7, 2008 3:42am Nov 7, 2008 3:42am
Quoting Naijafx
the sma 5s were not crossed but parallel......
...hi Mike, just in case this wasn't a typo...Force uses emas, not smas
  • #263
  • Nov 7, 2008 3:47am Nov 7, 2008 3:47am
Naj,

I always wait for a full signal before I enter into a trade. Now ive kicked it up a notch and we go by the advanced signals. Just to make sure were on the same page can you post a chart.

Quoting Naijafx
seems we are using same data feed (IBFX ?)

good that u posted ur chart, looking at that chart, did u get a signal the candle immediately after the bearish engulfing candle?

i asked this becoz then the sma 5s were not crossed but parallel...... so i ignored it............. but wot is ur experience trading when such scenario occurs?

I think i will have more questions to ask as time progresses
Stacking pips since 2002
  • #264
  • Nov 7, 2008 3:50am Nov 7, 2008 3:50am
Hello FJ

I got a signal on GU, nice one, confirmed by price continuation pattern as enclosed in the box but the barriers up there made me to ignore it.

I think anybody trading this method shd be up and doing in price action.

let see if the barriers will hold to signal a possible short entry
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
  • #265
  • Nov 7, 2008 3:51am Nov 7, 2008 3:51am
Quoting forexjedi
Possible bounce of the lower line just below the price. Chart below.
How did you end up taking this trade?

- navin
  • #266
  • Nov 7, 2008 3:52am Nov 7, 2008 3:52am
The price has fallen back to the lower trend line. It should bounce from here. If not it could tumble down to the weekly pivot area at 1.2799. Lets see what happens. I would only consider buying a bounce bere.
Stacking pips since 2002
  • #267
  • Nov 7, 2008 3:53am Nov 7, 2008 3:53am
I havent taken this trade as there was no full signal given.

Quoting navin44
How did you end up taking this trade?

- navin
Stacking pips since 2002
  • #268
  • Nov 7, 2008 3:57am Nov 7, 2008 3:57am
I think those s/r is making it difficult for price to break through. am a sniper, been taught by market to wait patiently for my target......

I will wait patiently!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 18 KB
  • #269
  • Nov 7, 2008 4:00am Nov 7, 2008 4:00am
Naj,

Its a week valid signal under the advanced rule. The upper trend line I added would have discouraged me from taking it. If I would have taken I would have closed it after the first candle when it failed to clear the upp trend line I added. Chart Below.

Quoting Naijafx
Hello FJ

I got a signal on GU, nice one, confirmed by price continuation pattern as enclosed in the box but the barriers up there made me to ignore it.

I think anybody trading this method shd be up and doing in price action.

let see if the barriers will hold to signal a possible short entry
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 20 KB
Stacking pips since 2002
  • #270
  • Nov 7, 2008 4:03am Nov 7, 2008 4:03am
Naj,

No trade there. MACD bearish. Patience is good. Let the trade come to you.

Quoting Naijafx
I think those s/r is making it difficult for price to break through. am a sniper, been taught by market to wait patiently for my target......

I will wait patiently!
Attached Image
Stacking pips since 2002
  • #271
  • Nov 7, 2008 4:07am Nov 7, 2008 4:07am
Confirmed signal for a bounce. Gonna keep my stop tight on this one. For some reason the price seems to have trouble clearing daily s1. Out of all things..lol. Lets see what happens. Chart Below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 18 KB
Stacking pips since 2002
  • #272
  • Nov 7, 2008 4:15am Nov 7, 2008 4:15am
Wow. First loss of the day, -10 pips. Closed that one pretty fast. I didnt look right from the beginning. Like I said. Keeping the stop tight on that one. This happens. I suspect it will fall back to the weekly pivot now at 1.2799.Chart Below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #273
  • Nov 7, 2008 4:22am Nov 7, 2008 4:22am
See the chart below regarding a pending bounce back up to the upper trend lines.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 19 KB
Stacking pips since 2002
  • #274
  • Nov 7, 2008 4:23am Nov 7, 2008 4:23am
GU signal short for me now reasons: all criteria lined up full candle broke out of the TL price below D_M39(don't understand that but known as s/r) Let see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
  • #275
  • Nov 7, 2008 4:34am Nov 7, 2008 4:34am
Naj you bought to early, wait for a nice visual cross. If you followed the rules you would only lost 5 pips plus the spread. Either way the cross had not fully occured yet. The stoch lines had only just met up at the point you entered.

Quoting Naijafx
GU signal short for me now reasons: all criteria lined up full candle broke out of the TL price below D_M39(don't understand that but known as s/r) Let see how it goes
Stacking pips since 2002
  • #276
  • Nov 7, 2008 4:35am Nov 7, 2008 4:35am
...just as an aside, FJ. The 34ema on the 5min is another reliable (dynamic) support/resistance tool
Attached Image (click to enlarge)
Click to Enlarge Name: 071108(2).gif Size: 19 KB
  • #277
  • Nov 7, 2008 4:39am Nov 7, 2008 4:39am
The price has found a new support. See the chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 19 KB
Stacking pips since 2002
  • #278
  • Nov 7, 2008 4:46am Nov 7, 2008 4:46am
Fell to the weekly pivot as originally preditcted. Should bounce from here. If not im staying out for the rest of the day as the price is no longer predictable.
Stacking pips since 2002
  • #279
  • Nov 7, 2008 4:47am Nov 7, 2008 4:47am
Quote
wait for a nice visual cross
thanks man
  • #280
  • Nov 7, 2008 4:55am Nov 7, 2008 4:55am
Last hope for support at todays longest uptrend line. Lets see what happens here as the price is way oversold on the stochs. Chart Below
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 18 KB
Stacking pips since 2002
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