The Force 5min system | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Intresting finding or simply statistic: 5min candel 14 replies

5min Bollinger breakout system 42 replies

My journal on The Force 5min system 5 replies

Backtest Data Timeframe > 1min, 5min necessary? 2 replies

Attachments: The Force 5min system
Exit Attachments

The Force 5min system

  • #401
  • Nov 11, 2008 3:19am Nov 11, 2008 3:19am
...i will close the remainder on the next short signal, but won't be taking the short until price reverses it's pattern to lower highs, lower lows...solid uptrend at the moment.
  • #402
  • Nov 11, 2008 3:20am Nov 11, 2008 3:20am
Chow,

Nice. Lots of resistance with the newly formed upper trend line and the daily and weekly pivots. I sense a bearish run.

Quoting ChowClown
...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.
Stacking pips since 2002
  • #403
  • Nov 11, 2008 3:22am Nov 11, 2008 3:22am
Possible bearish bounce. Lets wait to see if we get a full signal.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 14 KB
Stacking pips since 2002
  • #404
  • Nov 11, 2008 3:26am Nov 11, 2008 3:26am
Quoting forexjedi
Chow,

Nice. Lots of resistance with the newly formed upper trend line and the daily and weekly pivots. I sense a bearish run.
...this is where we can really benefit from your EU senses, based on your experience devoted to the pair...looking forward to following this....i might be tempted with small stakes on the next short signal, as there's more room now down to the TLs.
  • #405
  • Nov 11, 2008 3:30am Nov 11, 2008 3:30am
What goes up must come down.

Quoting ChowClown
...this is where we can really benefit from your EU senses, based on your experience devoted to the pair...looking forward to following this....i might be tempted with small stakes on the next short signal, as there's more room now down to the TLs.
Stacking pips since 2002
  • #406
  • Nov 11, 2008 3:34am Nov 11, 2008 3:34am
Quoting forexjedi
What goes up must come down.
yes, pin bar forming now on the daily pivot...and i'm flat. Will be with you on the next full short signal.
  • #407
  • Nov 11, 2008 3:45am Nov 11, 2008 3:45am
..took the short and stops already at b/e...could easily turn back up off the TLs from here.

Edit:...50% off now.
  • #408
  • Nov 11, 2008 3:47am Nov 11, 2008 3:47am
took 50% at 10 pips, the rest at break even
What you do is a reflection of you....what I do is a reflection of me.
  • #409
  • Nov 11, 2008 3:48am Nov 11, 2008 3:48am
Bounce of the daily/weekly pivot area and upper TL. Resistance at short term lomer TL. Close 50%. Let it ride.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 14 KB
Stacking pips since 2002
  • #410
  • Nov 11, 2008 3:49am Nov 11, 2008 3:49am
Stop now to BE. Next stop lower TL see chart above.
Stacking pips since 2002
  • #411
  • Nov 11, 2008 3:53am Nov 11, 2008 3:53am
...more bullish hidden divergence buidling now....could be short lived, excellent hrly pin bar forming atm
  • #412
  • Nov 11, 2008 3:53am Nov 11, 2008 3:53am
Quoting forexjedi
Bounce of the daily/weekly pivot area and upper TL. Resistance at short term lomer TL. Close 50%. Let it ride.
Nice ride so far!
What you do is a reflection of you....what I do is a reflection of me.
  • #413
  • Nov 11, 2008 3:55am Nov 11, 2008 3:55am
Close 30% leaving 20%. So perfect it can make you cry.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #414
  • Nov 11, 2008 3:57am Nov 11, 2008 3:57am
Quoting forexjedi
Close 30% leaving 20%. So perfect it can make you cry.
Tears of joy FJ.......tears of joy!
What you do is a reflection of you....what I do is a reflection of me.
  • #415
  • Nov 11, 2008 4:01am Nov 11, 2008 4:01am
German ZEW above expectations.
  • #416
  • Nov 11, 2008 4:02am Nov 11, 2008 4:02am
Quoting forexjedi
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...
Thx for yr advice FJ, btw do u hav the pivot indicator that i can install in FXDD or Interbank and what's yr "advance mentod", appreciate i you can teach me....
~~ Happy Trading ~~
  • #417
  • Nov 11, 2008 4:10am Nov 11, 2008 4:10am
Took my last 20% out at BE. Made some ok pips. To late for a re-entry new suppor has formed. Possible bounce of new support or a break down to the lower TL.

Quoting ChowClown
German ZEW above expectations.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #418
  • Nov 11, 2008 4:14am Nov 11, 2008 4:14am
advanced is post 238. Indicator attached. Set weekly, monthly and daily to true.

Quoting jeffreylim
Thx for yr advice FJ, btw do u hav the pivot indicator that i can install in FXDD or Interbank and what's yr "advance mentod", appreciate i you can teach me....
Attached File(s)
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 573 downloads
Stacking pips since 2002
  • #419
  • Nov 11, 2008 4:15am Nov 11, 2008 4:15am
Quoting forexjedi
Took my last 20% out at BE. Made some ok pips. To late for a re-entry new suppor has formed. Possible bounce of new support or a break down to the lower TL.
Nice trading, FJ. The break down looks probable atm (what with the hrly pin bar now printed), but you never know.
  • #420
  • Nov 11, 2008 4:22am Nov 11, 2008 4:22am
Small long position here just for fun as itll prob bounce of the top.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
3 traders viewing now