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The Force 5min system

  • #361
  • Nov 10, 2008 5:17am Nov 10, 2008 5:17am
Ezzy,

Cheers.


Quoting Ezzy
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
Stacking pips since 2002
  • #362
  • Nov 10, 2008 5:22am Nov 10, 2008 5:22am
Quoting forexjedi
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.
Thanks forexjedi for this info. and for sharing this system.
  • #363
  • Nov 10, 2008 5:27am Nov 10, 2008 5:27am
No Problem. Anyone taking trades besides me?
Stacking pips since 2002
  • #364
  • Nov 10, 2008 5:32am Nov 10, 2008 5:32am
I am trading. And learning also :nerd:
Pivot Boss in the making~
  • #365
  • Nov 10, 2008 5:36am Nov 10, 2008 5:36am
Good. Keep at J.


Quoting jurn_e
I am trading. And learning also :nerd:
Stacking pips since 2002
  • #366
  • Nov 10, 2008 5:43am Nov 10, 2008 5:43am
Another bounce from the lower TL and breaking the upper TL. A nice close above creates a good amount of support. Stop below the lower TL for now.
Attached Image (click to enlarge)
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Stacking pips since 2002
  • #367
  • Nov 10, 2008 5:46am Nov 10, 2008 5:46am
Stop now to BE on trade above.
Stacking pips since 2002
  • #368
  • Nov 10, 2008 6:07am Nov 10, 2008 6:07am
Ok im done for the day. Good luck to all.
Stacking pips since 2002
  • #369
  • Nov 10, 2008 6:15am Nov 10, 2008 6:15am
thx forexjedi, nice calls
take care

cheers
  • #370
  • Nov 10, 2008 6:16am Nov 10, 2008 6:16am
Quoting forexjedi
Ok im done for the day. Good luck to all.
Nice session for you, FJ. Thanks for the analysis and follow ups along the way. Very useful.
  • #371
  • Nov 10, 2008 6:52am Nov 10, 2008 6:52am
hi forex jedi... how are u doing,....nice setup...tho i havent tried it...but most of the other indicator i use MACD with,,, MACD tend not to change on time when the prices already changes..also how to i use the stochatics.... i would want you explain more about the indicator/strategy u develped ...i guess its interesting..also did it work perfectly well in couple of hrs ago.... pls email me at [email protected]
i Have been loosing alot in forex....all the custom and lagging indicator i use usually fail...

God Bless u
  • #372
  • Nov 10, 2008 7:08am Nov 10, 2008 7:08am
Quoting gailbros
hi forex jedi... how are u doing,....nice setup...tho i havent tried it...but most of the other indicator i use MACD with,,, MACD tend not to change on time when the prices already changes..also how to i use the stochatics.... i would want you explain more about the indicator/strategy u develped ...i guess its interesting..also did it work perfectly well in couple of hrs ago.... pls email me at [email protected]
i Have been loosing alot in forex....all the custom and lagging indicator i use usually fail...

God Bless u
Hi, my advice would be to just read and re-read Forexjedi's posts, where he takes us through trades as they happen....making sure you first understand the basics of the strategy, as per post #1.....there's more to this than just entering each and every setup that signals.

Get the basics under your belt with practice...and more practice. If you need to know more about stochastics, especially divergence (for the advanced setup) best head over to babypips.com or google it.

Good luck
  • #373
  • Edited 1:40pm Nov 10, 2008 7:41am | Edited 1:40pm
To All

Do you guys really use/trust Pivots?

I've abandoned them several times now on other threads where users were confused and reporting a variety different levels on their charts.
They are several different calculation methods and Monday pivots are often nonsense as they're taken from Sunday's data which is sparse or nearly non-existemt with many of the brokers. Time zones vary too.

At the moment I see the same levels as you (FJ) because I'm using Interbank and the indicator posted for The Force but I use other brokers' feeds too and have a variety of other Pivot Indicators (which I don't use)
If you place enough of them on your chart you'll have plenty of lines to choose for S & Rs!
I'm open to suggestions...Do they really help??

ChowClown,
thanks for the (unintential?) pointer to WHC Trade = BroCo. A HUGE range of instruments including the FTSE and Wall street which I was looking for on MT4 - again, thanks.

FJ
Thanks for the real time reporting - a big help.

Another topic could someone please explain the red phrase:
# 238
"Buy Signal
a) When the stochastic crosses in bullish divergence and is not overbought"

looking forward to some lively replies
R
  • #374
  • Edited 8:10am Nov 10, 2008 7:49am | Edited 8:10am
Quoting forexjedi
Another bounce from the lower TL and breaking the upper TL. A nice close above creates a good amount of support. Stop below the lower TL for now.
Hi FJ,

I'm Jeffrey, new in this forum. Do u think is adviceable that we only base on MA crossing, Stochastic crossing and MACD turning without trendline, pls advice..

Thank in Advance

p/s : tested your system in demo, it really work,....wow !!!
~~ Happy Trading ~~
  • #375
  • Nov 10, 2008 8:01am Nov 10, 2008 8:01am
Quoting rorieu
To All

Do you guys really use/trust Pivots?

I'm open to suggestions...Do they really help??
....i share the same thoughts about using pivots per se, but when there's a confluence of pivot zone (not just the pivot price itself), trendline and reversal price action, the combination is powerful, as FJ continues to show us.

Good guide on divergence @ babypips, can't post the link here unfortunately....when i next see an example on EU, i'll post the chart.
  • #376
  • Nov 10, 2008 8:08am Nov 10, 2008 8:08am
Quoting jeffreylim
Hi FJ,

I'm Jeffrey, new in this forum. Do u think is adviceable that we only base on MA crossing, Stochastic crossing and MACD turning without trendline, pls advice..
...apologies for butting in, not sure if FJ will be around now until tomorrow's session. FJ has tested the strat as it stands and trendlines are an important tool for the strat's success, as FJ trades it. If you remove the TL component from the rules, it is no longer FJ's strat you're trading....doesn't mean you shouldn't try of course , but he's unlikely to be able to vouch for it.
  • #377
  • Nov 10, 2008 8:34am Nov 10, 2008 8:34am
Quoting ChowClown
...apologies for butting in, not sure if FJ will be around now until tomorrow's session. FJ has tested the strat as it stands and trendlines are an important tool for the strat's success, as FJ trades it. If you remove the TL component from the rules, it is no longer FJ's strat you're trading....doesn't mean you shouldn't try of course , but he's unlikely to be able to vouch for it.
Hi Chow,

Thx for your prompt reply,
Btw, the trendline are based on latest high and low in M5 or H1 or H4 or D1..?
if you dont mind, maybe u could explain to me how you draw the trendline....
~~ Happy Trading ~~
  • #378
  • Nov 10, 2008 8:48am Nov 10, 2008 8:48am
Quoting jeffreylim
Hi Chow,

Thx for your prompt reply,
Btw, the trendline are based on latest high and low in M5 or H1 or H4 or D1..?
if you dont mind, maybe u could explain to me how you draw the trendline....
5 min. Pls see FJ's post #340 for his earlier explanation.

HTHs
  • #379
  • Nov 10, 2008 11:08pm Nov 10, 2008 11:08pm
Gailbros,

Add me into to your msn [email protected] and ill help you out. 12am to 7am est mon to fri.

Jedi

Quoting gailbros
hi forex jedi... how are u doing,....nice setup...tho i havent tried it...but most of the other indicator i use MACD with,,, MACD tend not to change on time when the prices already changes..also how to i use the stochatics.... i would want you explain more about the indicator/strategy u develped ...i guess its interesting..also did it work perfectly well in couple of hrs ago.... pls email me at [email protected]
i Have been loosing alot in forex....all the custom and lagging indicator i use usually fail...

God Bless u
Stacking pips since 2002
  • #380
  • Nov 10, 2008 11:17pm Nov 10, 2008 11:17pm
Jeffrey,

I dont advise on using it without the trend lines or pivots. The system combines laging indicators with leading indicators to provide the best possible result. I started the system with the absolute basic to get people used to the basic idea of the indicators with nothing fancy in between. You can make some pips sure. I dont advise just using the cross of the indicators. This isnt any type of cross system meaning that you dont enter and exit on every cross. The initial line up of the indicators is a signal. The exit is based on price action. You dont exit till the run is finished. At the moment ive moved things to the advance method of my system. These are added rules to the basic system.

Quoting jeffreylim
Hi FJ,

I'm Jeffrey, new in this forum. Do u think is adviceable that we only base on MA crossing, Stochastic crossing and MACD turning without trendline, pls advice..

Thank in Advance

p/s : tested your system in demo, it really work,....wow !!!
Stacking pips since 2002
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