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The Force 5min system

  • #441
  • Nov 11, 2008 3:03am Nov 11, 2008 3:03am
nvm the momentum isn't right..
  • #442
  • Nov 11, 2008 3:04am Nov 11, 2008 3:04am
Watch out for the resistance as circled above.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #443
  • Nov 11, 2008 3:06am Nov 11, 2008 3:06am
I may have run out of luck on this one.
Stacking pips since 2002
  • #444
  • Nov 11, 2008 3:07am Nov 11, 2008 3:07am
Quoting pipforce
Anyone going long?
I am long pip, however, I don't feel confident right now.
What you do is a reflection of you....what I do is a reflection of me.
  • #445
  • Nov 11, 2008 3:11am Nov 11, 2008 3:11am
...bear in mind that price has been making consecutive lower highs, lower lows, since the daily pivot tag earlier, indicating a downtrend....has to reverse at some point though, luck of the draw when that will be
  • #446
  • Nov 11, 2008 3:12am Nov 11, 2008 3:12am
Ok.... I lost 10 pips. It happens. Ive been humbled.

Quoting forexjedi
I may have run out of luck on this one.
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Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #447
  • Nov 11, 2008 3:13am Nov 11, 2008 3:13am
Waiting for it to go down.
Pivot Boss in the making~
  • #448
  • Nov 11, 2008 3:13am Nov 11, 2008 3:13am
Hi FJ,

I noticed that your MACD is in blue and black colour, can i hav the indicator link ?

Thx in advance....BTW thx for the pivot indicator.
~~ Happy Trading ~~
  • #449
  • Nov 11, 2008 3:15am Nov 11, 2008 3:15am
Hey FJ, can you please explain how pivot points work?

Also, do you know why my MT4 trader is really slow with the MACD color? It seems it doesn't like it as much as I thought.
  • #450
  • Nov 11, 2008 3:16am Nov 11, 2008 3:16am
Quoting forexjedi
Ok.... I lost 10 pips. It happens. Ive been humbled.
Down 10 pips also FJ. Never mind the last two trades were worth this one loss.
What you do is a reflection of you....what I do is a reflection of me.
  • #451
  • Nov 11, 2008 3:18am Nov 11, 2008 3:18am
indicator is attached. You have tochange the colors yourself.

Quoting jeffreylim
Hi FJ,

I noticed that your MACD is in blue and black colour, can i hav the indicator link ?

Thx in advance....BTW thx for the pivot indicator.
Attached File(s)
File Type: mq4 MACD_Colored_v105.mq4   20 KB | 579 downloads
Stacking pips since 2002
  • #452
  • Nov 11, 2008 3:20am Nov 11, 2008 3:20am
Pip,

You can go to babypips.com to learn of the pivot points. Your indicator is prob slow due to the ram in your PC.

Quoting pipforce
Hey FJ, can you please explain how pivot points work?

Also, do you know why my MT4 trader is really slow with the MACD color? It seems it doesn't like it as much as I thought.
Stacking pips since 2002
  • #453
  • Nov 11, 2008 3:21am Nov 11, 2008 3:21am
10 pips is a big loss for this system if you trade it properly. Life moves on.

Quoting Ezzy
Down 10 pips also FJ. Never mind the last two trades were worth this one loss.
Stacking pips since 2002
  • #454
  • Nov 11, 2008 3:23am Nov 11, 2008 3:23am
Quoting forexjedi
10 pips is a big loss for this system if you trade it properly. Life moves on.
However, loses can't be avoided.

FJ, just wondering, do you think that in that trade lost, we could have prevented from losing 10 pips?
What you do is a reflection of you....what I do is a reflection of me.
  • #455
  • Nov 11, 2008 3:27am Nov 11, 2008 3:27am
Does it look this way to anybody else?
What you do is a reflection of you....what I do is a reflection of me.
  • #456
  • Nov 11, 2008 3:28am Nov 11, 2008 3:28am
Ezzy,

Good question. The answer is yes. We could have waited for a test of the lower TL. The price didnt touch it.

Quoting Ezzy
However, loses can't be avoided.

FJ, just wondering, do you think that in that trade lost, we could have prevented from losing 10 pips?
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #457
  • Nov 11, 2008 3:32am Nov 11, 2008 3:32am
Quoting forexjedi
Ezzy,

Good question. The answer is yes. We could have waited for a test of the lower TL. The price didnt touch it.

Thanks FJ......simple answer......plenty of logic!
What you do is a reflection of you....what I do is a reflection of me.
  • #458
  • Nov 11, 2008 3:38am Nov 11, 2008 3:38am
Quoting forexjedi
Pip,

You can go to babypips.com to learn of the pivot points. Your indicator is prob slow due to the ram in your PC.
Yes, but the pivot points do not look the same at babypips. They are straight like Fibonacci lines, yours are at different angles. Are they the same thing?

I have 1.5Gb of RAM I hope is enough, but it must have something to do with my BIOS settings when I overclocked earlier today. I'll fix that for sure.
  • #459
  • Nov 11, 2008 3:42am Nov 11, 2008 3:42am
Pip,

The angled lines are called trend lines. They join up highs and lows that show direction which we use as bouce lines in my system.

Quoting pipforce
Yes, but the pivot points do not look the same at babypips. They are straight like Fibonacci lines, yours is at different angles. Are they the same thing?

I have 1.5Gb of RAM I hope is enough, but it must have something to do with my BIOS settings when I overclocked earlier today. I'll fix that for sure.
Stacking pips since 2002
  • #460
  • Nov 11, 2008 3:44am Nov 11, 2008 3:44am
Quoting jurn_e
Waiting for it to go down.

did you take the short signal above the TL?...i was tempted but didn't in the end.
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