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The Force 5min system

  • #461
  • Nov 11, 2008 5:45am Nov 11, 2008 5:45am
Fj, we've gone through the TL and almost reached S1, however failed to touch, should we be weary in entering long position?
What you do is a reflection of you....what I do is a reflection of me.
  • #462
  • Nov 11, 2008 5:48am Nov 11, 2008 5:48am
No. After the last bearish candle and the pass through the lower TL but failure to continue you should have re-drawn your TL. Im out for the day now. Good luck to all.

Quoting Ezzy
Fj, we've gone through the TL and almost reached S1, however failed to touch, should we be weary in entering long position?
Stacking pips since 2002
  • #463
  • Nov 11, 2008 5:51am Nov 11, 2008 5:51am
Quoting forexjedi
No. After the last bearish candle and the pass through the lower TL but failure to continue you should have re-drawn your TL. Im out for the day now. Good luck to all.
Cheers, FJ. Until tomorrow.
  • #464
  • Edited 6:41am Nov 11, 2008 6:26am | Edited 6:41am
...took the last short signal and took 50% off at the lower TL, which it's now in the process of breaking down.

Edit:...can see this one trucking down to 2660 ish.

Edit:...stalling at the round number (2700), what it does here will be interesting. Edging stops down to lock in, in case it swings back for a while, will re-enter short if offered.

Edit:..flat now.
Attached Image (click to enlarge)
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  • #465
  • Nov 11, 2008 8:23am Nov 11, 2008 8:23am
..anyone else in off the last short signal? Divergence in the stoch lending weight...initial target lower TL.
Attached Image (click to enlarge)
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  • #466
  • Nov 11, 2008 8:39am Nov 11, 2008 8:39am
yep, I short after lower trendline break from 1.2728 open candle and close at 1.2708 before 00 and my tp20 pips , nice.
only need patience wait for the setup, I have to work on that.
  • #467
  • Nov 11, 2008 8:40am Nov 11, 2008 8:40am
Quoting ChowClown
..anyone else in off the last short signal? Divergence in the stoch lending weight...initial target lower TL.
90% off at the tag of the TL.
  • #468
  • Nov 11, 2008 8:42am Nov 11, 2008 8:42am
Quoting fxdiesel
yep, I short after lower trendline break from 1.2728 open candle and close at 1.2708 before 00 and my tp20 pips , nice.
only need patience wait for the setup, I have to work on that.
...nice 20 pip trade
  • #469
  • Edited 9:08am Nov 11, 2008 8:47am | Edited 9:08am
Quoting ChowClown
90% off at the tag of the TL.
Trailing just above the highs of each candle now, momentum building, but S1 approaches, on my chart.

Edit:..locking in tighter now, hrly channel TL in sight at 2650ish.

Edit:...i think the Andrex Puppy has got a hold of this one....on...and on.
  • #470
  • Nov 11, 2008 9:09am Nov 11, 2008 9:09am
I wan't to close my chart screen by tape , if I see the sell off, after I close my trade
  • #471
  • Nov 11, 2008 9:11am Nov 11, 2008 9:11am
Quoting fxdiesel
I wan't to close my chart screen by tape , if I see the sell off, after I close my trade
no worries, the next trade is always 'round the corner.
  • #472
  • Nov 11, 2008 9:14am Nov 11, 2008 9:14am
Quoting ChowClown
Trailing just above the highs of each candle now, momentum building, but S1 approaches, on my chart.

Edit:..locking in tighter now, hrly channel TL in sight at 2650ish.

Edit:...i think the Andrex Puppy has got a hold of this one....on...and on.
...flat now, with the remainder off at 2636....10% free riders add up
  • #473
  • Nov 11, 2008 9:44am Nov 11, 2008 9:44am
i have daily S1 around 2590, who knows, we might get the beginnings of a long signal soon.

Edit:...ha, maybe not.
  • #474
  • Nov 11, 2008 10:24am Nov 11, 2008 10:24am
Wow great down rally for EU !!
Couldnt break weekly pivot though.
Pivot Boss in the making~
  • #475
  • Nov 11, 2008 11:11am Nov 11, 2008 11:11am
Finishing for the day now....might be another leg down soon, but it has been a good day. Good luck and see you tomorrow.
  • #476
  • Nov 11, 2008 2:09pm Nov 11, 2008 2:09pm
Good run on this

+32pips already
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #477
  • Nov 11, 2008 4:53pm Nov 11, 2008 4:53pm
Hi FJ and all trades

I took this trade this morning and I n
Attached Image
I just want to make sure that I had correct entry

Thank you
  • #478
  • Nov 11, 2008 8:43pm Nov 11, 2008 8:43pm
Jack,

This is a valid entry. Bounce of the upper TL but it ran out of steam prob because of low volume as theres no support visible to stop it from a bear continuation. Chart below. Remeber to draw your trend lines as their crutial to successful trading.

Jedi

Quoting jackfx
Hi FJ and all trades

I took this trade this morning and I nAttachment I just want to make sure that I had correct entry

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #479
  • Nov 11, 2008 10:18pm Nov 11, 2008 10:18pm
Thank u so much for your replay. You doing great job helping people to be successfull in very hard industry
Good Bless
  • #480
  • Nov 11, 2008 10:34pm Nov 11, 2008 10:34pm
FJ is a great mentor and i love his style of near naked trading, i prefer not to use too much indicators in trading.
Pivot Boss in the making~
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