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The Force 5min system

  • #341
  • Nov 9, 2008 11:18pm Nov 9, 2008 11:18pm
Did everyone see post 332
Stacking pips since 2002
  • #342
  • Nov 9, 2008 11:28pm Nov 9, 2008 11:28pm
Anyone trading this system right now? Just wondering......it seems a little choppy at the moment.
What you do is a reflection of you....what I do is a reflection of me.
  • #343
  • Nov 9, 2008 11:30pm Nov 9, 2008 11:30pm
Ezzy,

Nothing worth trading yet. We gotta wait for some uniformity and the price to find some direction.

Quoting Ezzy
Anyone trading this system right now? Just wondering......it seems a little choppy at the moment.
Stacking pips since 2002
  • #344
  • Nov 9, 2008 11:59pm Nov 9, 2008 11:59pm
When this bearish run is done there should be a nice boune. Prob around the the daily r2 at 1.2847 on my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #345
  • Nov 10, 2008 12:46am Nov 10, 2008 12:46am
We have a confirmed bounce at the daily r2 area running off Fridays uptrend line. All the signals have lined up perfectly. Im going to keep a tight stop on this one as the price still seems to have some bear left in it. Lets see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #346
  • Nov 10, 2008 12:56am Nov 10, 2008 12:56am
As suspected theres still some bear left in the price. Closed this trade at break even due to the price action. One thing everyone should know is that when you take a trade with this system and the price doesnt move in you direction instantly you must act on logic and close your trade.
Stacking pips since 2002
  • #347
  • Nov 10, 2008 1:46am Nov 10, 2008 1:46am
The price is caught in a short term triangle within a long term triangle sporting major support at the weekly and daily pivot followed by support from a uptrend dating back to friday. This is now a small waiting game to see which end of the short term triangle the price clears. We should know soon. I feel a nice break in the works.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 22 KB
Stacking pips since 2002
  • #348
  • Nov 10, 2008 2:00am Nov 10, 2008 2:00am
Hey FJ, do you think that we will get a bounce of the R1?
What you do is a reflection of you....what I do is a reflection of me.
  • #349
  • Nov 10, 2008 2:03am Nov 10, 2008 2:03am
Quoting Ezzy
Hey FJ, do you think that we will get a bounce of the R1?

Well....there goes that theory!
What you do is a reflection of you....what I do is a reflection of me.
  • #350
  • Nov 10, 2008 2:10am Nov 10, 2008 2:10am
Its hard to call at the moment Ezzy. Im cautious today. I dont see anything I like yet. Although a bounce of the daily s1 will prob put the price back in the triangle.

Quoting Ezzy
Hey FJ, do you think that we will get a bounce of the R1?
Stacking pips since 2002
  • #351
  • Nov 10, 2008 3:06am Nov 10, 2008 3:06am
Possible bounce offer the upper trend line. Will wait for a full signal.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #352
  • Nov 10, 2008 3:21am Nov 10, 2008 3:21am
anytime now.
Stacking pips since 2002
  • #353
  • Nov 10, 2008 3:24am Nov 10, 2008 3:24am
Quoting forexjedi
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...
Thanks FJ

Seeing your chart helps

R
  • #354
  • Nov 10, 2008 4:07am Nov 10, 2008 4:07am
Bounce! Bounce!

Thats one nice trade going long with confirmed signals and another pending. Lets see how it works out.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 18 KB
Stacking pips since 2002
  • #355
  • Nov 10, 2008 4:18am Nov 10, 2008 4:18am
Trade closed at the daily R2 on my charts at 1.2847. I closed here because the price failed to close below this level. The price action looks dirty. Looks like it going to make a run at the upper line. A new uptrend line has also formed below the recent low.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #356
  • Nov 10, 2008 4:21am Nov 10, 2008 4:21am
A bounce in likely of the new up trend line. See chart above. Signals are almost lined up. Nothings for sure till that actually happens. Looks look for some confirmed closed signals.
Stacking pips since 2002
  • #357
  • Nov 10, 2008 4:41am Nov 10, 2008 4:41am
The move ive been wating for. This price has broken the upper trend line as predicted above. If it closes above here there a whole new world of possibility. This is the kind of trade where you can add to your position with bouces of newly formed trend lines.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 18 KB
Stacking pips since 2002
  • #358
  • Nov 10, 2008 4:52am Nov 10, 2008 4:52am
Long 12 pips
Pivot Boss in the making~
  • #359
  • Nov 10, 2008 4:52am Nov 10, 2008 4:52am
Onyone in on the trade above should have their stop at BE and close at least 60% to 80% of their lot. Next step here is adding into your position at 1/10 of a lot on everyone bounce of the new TLs when their form.
Stacking pips since 2002
  • #360
  • Nov 10, 2008 5:16am Nov 10, 2008 5:16am
Hi FJ

Thanks for the charts, info and your mentoring, it is all much appreciated.

I will tune in again tomorrow (now 10.15pm in Sydney) and hopefully lear as I trade with you and everyone else following this thread.

Cheers and many peeps to all.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
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