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The Force 5min system

  • #321
  • Nov 7, 2008 9:44am Nov 7, 2008 9:44am
Quoting jurn_e
Thanks.
Another noob question, what do u mean there wasn't any divergence in the stoc?
The advanced entry relies on stochastic divergence, as per FJ's post 238:

"Buy Signal
a) When the stochastic crosses in bullish divergence and is not ovebought

Sell Signal
a) When the stochastic crosses in bearish divergence is not oversold"

...google oscillator divergence or go to babypips.com for the lesson on divergence there. Definitely worth getting to grips with it.
  • #322
  • Nov 7, 2008 10:22am Nov 7, 2008 10:22am
hi theforce...i hope this is valid entry...please take a look a yellow line...still hoping now wit SL 16 TP 32...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 07 23.05.gif Size: 35 KB
let's make pips
  • #323
  • Nov 7, 2008 10:25am Nov 7, 2008 10:25am
Sorry...TP hit +32...nice move with nice system...thanx
let's make pips
  • #324
  • Nov 7, 2008 11:27pm Nov 7, 2008 11:27pm
Ezzy,

Im with InterbankFX. Never any problems with them. Ive had my account there for 3 years.


Quoting Ezzy
Hi chow, Pc is running fine, just Alpari is the problem. I might have to reload.

Any suggestions on another MT4? how about you FJ, what broker do you use?
Stacking pips since 2002
  • #325
  • Nov 7, 2008 11:31pm Nov 7, 2008 11:31pm
I always wait for the open of the cadle to confirm the signal. Thats the way it works with the basic (post 1) and advanced (post 238) signals. Although in a few weeks when I feel the thread is ready I have the next level of my system "The Force Expert" wich has a method of entry before the end of the candle.


Quoting jeffreylim
Hi, normally you fire at the "Open" of the candle ?
Stacking pips since 2002
  • #326
  • Nov 7, 2008 11:38pm Nov 7, 2008 11:38pm
Kap,

That is a valid entry if you would have entered at the open of the candle where your yellow marker is.

Jedi

Quoting kapten_haddo
hi theforce...i hope this is valid entry...please take a look a yellow line...still hoping now wit SL 16 TP 32...
Attached Image
Stacking pips since 2002
  • #327
  • Nov 7, 2008 11:51pm Nov 7, 2008 11:51pm
Just to let everyone know im only at my PC for trading and questions mostly during the night hours here in Toronto of 12am est to 7am est. If you ask a question at any other time and I dont answer thats prob why and im not ignoring you.

Jedi
Stacking pips since 2002
  • #328
  • Nov 8, 2008 12:18am Nov 8, 2008 12:18am
Quoting forexjedi
Just to let everyone know im only at my PC for trading and questions mostly during the night hours here in Toronto of 12am est to 7am est. If you ask a question at any other time and I dont answer thats prob why and im not ignoring you.

Jedi
forexjedi,

How do you feel about trading this on the 15m timeframe?
  • #329
  • Nov 8, 2008 12:33am Nov 8, 2008 12:33am
I like the 5min beacuse this is what I learnt fx on. Ive spent years in study with regards to the Eur/Usd on the 5min. I was highly suggested by my FX teacher to pick one pair and one pair only along with one time frame and stick to it no matter what. The logic is that you get to know the "attitude of your pair and its emotion. Then I was scepticle. Now I understand what he was talking about. I cant guarantee the results of my system on the 15min charts and wont support it. My goal here is to get people on the right track with fx. You have to stick to one thing and get good at it. The beauty here is my system already works and makes good pips. All people have to do is know the rules and stick to them no matter what. All the trial and error, back testing, forward testing has already been done. Live forward testing has already been done. I hope this helps you out.

Jedi

Quoting jdcompute
forexjedi,

How do you feel about trading this on the 15m timeframe?
Stacking pips since 2002
  • #330
  • Nov 8, 2008 1:09am Nov 8, 2008 1:09am
Kap,

I dont know if your aware why this trade worked out but just in case ill make some notes to help other undestand the trade who may not know.

First the trade starts with a nice bounce of the daily downtrend line (not a daily chart downtren daily as in Friday) Make a nice close under the weekly pivot at 1.2799. For the next 5 bars it tests that support in every bar failing to close above making any lon trader at that time close their positions which in turn created the 6th candle (bearish) based on the closing of lon positions due to profit taking and stop loss orders being filled. BAM theres your 32 pips. It was 15 pips from the high of the signal candle to the close. At 1% risk I would have taken tis trade. At 1 standard lot your max loss would have been $150 plus spread. TP at 32 pips would have made you $320. RR was perfect for that trade. Good work. Suggestion for the future. Leave 1/10 of your lot open and set the stop to break even and see where it takes you. Worst case at that point is 9/10 of a lot at 32 pips. Chart below.

Quoting kapten_haddo
hi theforce...i hope this is valid entry...please take a look a yellow line...still hoping now wit SL 16 TP 32...
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #331
  • Nov 8, 2008 1:22am Nov 8, 2008 1:22am
Chow,

You rock! Chow the pipster! Also thanks for answering the Q's when im not around.

Quoting ChowClown
...decided to go for the last short signal despite price being in the middle of daily and weekly pivot zone. The signal came from a lower high, below an hourly channel mid-line, which gave me enough to pull the trigger....80% off at +30, stop on the rest at b/e....for now.
Stacking pips since 2002
  • #332
  • Edited 4:59am Nov 8, 2008 4:34am | Edited 4:59am
Hi,

Ok im going to try something out this week. Ive created a special MSN account id just for this forum and my system. Ill be online from 12am to 7am est. Ill be here to answer questions in real time. Im not sure how well this will work but lets give it a try. heres the ID [email protected] . We can start Monday at 12am est. As far as I know Yahoo users should be able to ad me in. Please include your FF username so I know who people are. Im not going to accept chart images ect... via this method. Those still need to be posted here. Group discussion will still continue here as well. This gives everyone the chance to be a good trader. If this works out and theres demand I may consider starting a chat room.

Jedi
Stacking pips since 2002
  • #333
  • Nov 8, 2008 6:13am Nov 8, 2008 6:13am
Quoting forexjedi
Kap,

I dont know if your aware why this trade worked out but just in case ill make some notes to help other undestand the trade who may not know.

First the trade starts with a nice bounce of the daily downtrend line (not a daily chart downtren daily as in Friday) Make a nice close under the weekly pivot at 1.2799. For the next 5 bars it tests that support in every bar failing to close above making any lon trader at that time close their positions which in turn created the 6th candle (bearish) based on the closing of lon positions due to profit taking and stop loss orders being filled. BAM theres your 32 pips. It was 15 pips from the high of the signal candle to the close. At 1% risk I would...
Hi FJ....thanx for your explaination...i'm noob...just follow your rules for entry..i don't know about fibo,pivot and ect....and yes,my entry is in yellow line...SL is high of the candle before yellow line...RR is 1:2 (not too bad,right?)... maybe 1:3 or and trailing stop will be better btw +32 is good enough for me..hope it will continue with thousand green pips..
let's make pips
  • #334
  • Nov 9, 2008 5:22am Nov 9, 2008 5:22am
Three nice trades from Friiday afternoon are posted below. About 100 pips in total from the three trades. All bounces af trends line formed that day confirmed by the indicators used by the force. To get the full view of all the TL your going to need to mark the times and zoom out on your charts. The zoom level on my chart to show the trades doesnt really do any justice viewing the main connecting point to the TL's. Chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 20 KB
Stacking pips since 2002
  • #335
  • Nov 9, 2008 10:08am Nov 9, 2008 10:08am
Nice! Do u draw the trendlines or u have an auto trendline indicator?

Thanks again man!
Pivot Boss in the making~
  • #336
  • Nov 9, 2008 11:13am Nov 9, 2008 11:13am
J,

I draw them myself so I can guarantee the reliability.


Quoting jurn_e
Nice! Do u draw the trendlines or u have an auto trendline indicator?

Thanks again man!
Stacking pips since 2002
  • #337
  • Nov 9, 2008 2:29pm Nov 9, 2008 2:29pm
Quoting forexjedi
J,

I draw them myself so I can guarantee the reliability.
FJ

The more I read the more I'm impressed by The Force. But I need some more help:
They seem to work for you so I really need some guidance on where and how these numerous red trend lines are drawn on # 330 & # 334 . The "obvious" ones I can draw (green) but you are drawing so many more than I see?
The magenta lines I have copied off your chart - I can't see how you drew them??

Incidently (1) are they always drawn through the highs and lows not the opens and closes?
(2) I'm using the Interbank demo.

FYI For folks in the UK, 12am to 7am EST is 5am to 12pm (midday) GMT.

rorieu
Attached Image (click to enlarge)
Click to Enlarge Name: FJ2.gif Size: 17 KB
  • #338
  • Nov 9, 2008 2:51pm Nov 9, 2008 2:51pm
Nice system.. look foward to trying it this week on a live mini account. I have read most posts but still have questions.. On the MACD do you set the apply to close or open ? and is the STOCH. settings price field at high/low or close/close and the ma method to simple or exponential ? Thanks in advance for your help.
  • #339
  • Nov 9, 2008 11:10pm Nov 9, 2008 11:10pm
M,

stochs- 5,3,3 low/high, simple
MACD- 12,26,1, close
Exponential MA's 5 close, 5 Open

Remember your trend lines and Monthly, weekly, daily pivots as their also key to the advanced system.


Quoting mprincehorn
Nice system.. look foward to trying it this week on a live mini account. I have read most posts but still have questions.. On the MACD do you set the apply to close or open ? and is the STOCH. settings price field at high/low or close/close and the ma method to simple or exponential ? Thanks in advance for your help.
Stacking pips since 2002
  • #340
  • Nov 9, 2008 11:17pm Nov 9, 2008 11:17pm
R,

You want to zoom out as far as possible on your chart and connect all the highs and lows and then zoom in a level and pick up the one you didnt notice and repeat the process untill you get them all. Trend lines are dynamic and are alway changing. Everytime there a new high or low you have to draw a new line and leave the old one on the chart as that line would now act as a support or resistance. The reason it may not make sense to you on my chart is because some of the lines are drawn at the beginning of the trading day so as the price begins to move around you can sit around all day wondering where they came from. I always start the day with new lines. If you look at the chart below you can see how I will start today off. Ive zoomed it all the way out for a better view.



Quoting rorieu
FJ

The more I read the more I'm impressed by The Force. But I need some more help:
They seem to work for you so I really need some guidance on where and how these numerous red trend lines are drawn on # 330 & # 334 . The "obvious" ones I can draw (green) but you are drawing so many more than I see?
The magenta lines I have copied off your chart - I can't see how you drew them??

Incidently (1) are they always drawn through the highs and lows not the opens and closes?
(2) I'm using the Interbank demo.

FYI For folks in the UK, 12am to 7am EST is 5am to 12pm (midday) GMT.

rorieu
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 26 KB
Stacking pips since 2002
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