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The Force 5min system

  • #381
  • Nov 10, 2008 9:23pm Nov 10, 2008 9:23pm
Good answer Chow. I can only guarantee what I use because I know it works. I personally would never trade without the trend line on my chart and the pivots. Theres an example if you read yesterdays posts and charts where I almost had a bad trade if I didnt have my pivots up. The price failed to close below a pivot. I close my trade at BE and decided I would re-enter if the price closed below it on the next bar. Sure enough a complete reversal happened.

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 compoI nent 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.
Stacking pips since 2002
  • #382
  • Nov 10, 2008 9:37pm Nov 10, 2008 9:37pm
The markets movements mean nothing at the moment. Theres nothing worht the risk yet. Lets wait.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 14 KB
Stacking pips since 2002
  • #383
  • Nov 10, 2008 10:24pm Nov 10, 2008 10:24pm
Veteran's day.
Pivot Boss in the making~
  • #384
  • Nov 10, 2008 10:29pm Nov 10, 2008 10:29pm
Hi all,

new passenger claims to be onboard. Right now I am on page 14 so get me some time to follow you up guys but as far I can see, You have done
a superb job. Well done, http://www.forexfactory.com/images/icons/icon14.gif Forexjedi
  • #385
  • Nov 10, 2008 10:37pm Nov 10, 2008 10:37pm
Monte,

Thanks, you should be caught up in a caouple hours then. Meet you on the last page on time for the Euro session.

Quoting monte911
Hi all,

new passenger claims to be onboard. Right now I am on page 14 so get me some time to follow you up guys but as far I can see, You have done
a superb job. Well done, http://www.forexfactory.com/images/icons/icon14.gif Forexjedi
Stacking pips since 2002
  • #386
  • Nov 10, 2008 11:02pm Nov 10, 2008 11:02pm
Bounce! This is a semi risky trade. I have moved my stop to BE because of the lower TL as shown on my chart. If it closes below the lower TL we should see some nice pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #387
  • Nov 10, 2008 11:13pm Nov 10, 2008 11:13pm

Trade stoped at BE. This was due to the support from the lower TL please see the chart above. The bearish move that failed to close below the TL has now created a new lower support TL. This will be usefull later for a possible bounce.

Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #388
  • Nov 10, 2008 11:18pm Nov 10, 2008 11:18pm
Hi FJ, I have a couple of TL just above price, if it breaks and closes above, would you suspect a bullish move.

PS Sorry don't know how to attach chart yet.
What you do is a reflection of you....what I do is a reflection of me.
  • #389
  • Nov 10, 2008 11:19pm Nov 10, 2008 11:19pm
Bounce! Anyone in on this bounce should keep their stop extrememly tight. From bar to bar and take 90 profit at the next top TL. This is a really risky trade. Move stop to BE after this bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #390
  • Nov 10, 2008 11:22pm Nov 10, 2008 11:22pm
Move stops to BE at this point. Its risky and not worth a loss. If it goes up its gonna go. Upper TL dates back to Friday and acts as major resistance.
Stacking pips since 2002
  • #391
  • Nov 10, 2008 11:26pm Nov 10, 2008 11:26pm
Watch out for the upper TL circled above. It needs to close above this to keep going up. Close at least 80% of lot and keep the rest at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #392
  • Nov 10, 2008 11:28pm Nov 10, 2008 11:28pm
FJ

I missed the move, however it has been interesting to watch it as you called it.
What you do is a reflection of you....what I do is a reflection of me.
  • #393
  • Nov 10, 2008 11:37pm Nov 10, 2008 11:37pm
The price finds support on the lower TL. Lets see what happens. See cicled area on the charts below. Bad spelling due to typping to fast.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #394
  • Nov 10, 2008 11:54pm Nov 10, 2008 11:54pm
Bearish bounce of the upper TL and failure to close below lower TL see cicled areas. Closed trade at BE. The best thing to do now is wait for a close above the upper TL to go long although I dont see any real direction at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 18 KB
Stacking pips since 2002
  • #395
  • Nov 10, 2008 11:54pm Nov 10, 2008 11:54pm
Quote
Watch out for the upper TL circled above. It needs to close above this to keep going up. Close at least 80% of lot and keep the rest at BE.

I have dm_2 around ur entry point for eurusd long......... saw the entry but ignored it bcoz of that.

Is there something i did wrongly to have gotten d_m2 at 1.2731
  • #396
  • Nov 11, 2008 12:09am Nov 11, 2008 12:09am
The market is choppy. Were going to wait for something good to trade on.
Stacking pips since 2002
  • #397
  • Nov 11, 2008 12:47am Nov 11, 2008 12:47am
I got some things to say about the last move that im still making charts and typing it out. Results shortly.

Quoting forexjedi
The market is choppy. Were going to wait for something good to trade on.
Stacking pips since 2002
  • #398
  • Nov 11, 2008 12:49am Nov 11, 2008 12:49am
Bullish hidden divergence now...next long signal building. Let's see.

Edit:...i didn't take the last short signal by the way, wanted to see the signal bar close below the lower TL, which it didn't on my chart.
Attached Image (click to enlarge)
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  • #399
  • Nov 11, 2008 12:57am Nov 11, 2008 12:57am
Im just going to keep this simple. The chart is below. We had a nice bounce that cleared the upper TL. Reversed and created new resistance. The price is now in a range and will either bounce of the upper TL then down to the lower TL or vice versa. Everyone needs to make sure they keep re-drawing their TL as the moves happen.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #400
  • Nov 11, 2008 1:10am Nov 11, 2008 1:10am
Quoting ChowClown
Bullish hidden divergence now...next long signal building. Let's see.

Edit:...i didn't take the last short signal by the way, wanted to see the signal bar close below the lower TL, which it didn't on my chart.
...i took the long signal and took a quick 80% off at +20 based on an hourly TL marker @2775.

Edit:..on my chart price is now beginning to bang it's head on the weekly pivot zone.
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