The Force 5min system

Agree ...simple the better





FJ is a great mentor and i love his style of near naked trading, i prefer not to use too much indicators in trading

good morning FJ and all.

now price is on the upper trendline ~1.2580 may a bounce down

Traders,

Lets get the day started. I always start my trading session by reviewing the previous days moves. There was a nice one in the US session yesterday. Over 150 pip bounce! The next thing I do when I start my day is draw all my trend lines and drink some coffee..mmmmm coffee. Having a I treat FX like a real job I start and finish at the same time everyday. I sit the whole time and watch the market even if nothing going on. It could take hours before a trade happens but thats the way it is. I take 2 15 min breaks and a half hour lunch. I set goals for the day and track my progress in line charts with excel. I keep raising my goals and always try to surpass them. These are things everyone should start doing who wants to trade fullitime one day. Even if your still in demo status, do this and treat it like its real money.

FxD,

Nice to see you here again. For everyone following my system from the start and only my system you done something that most traders fail at and thats sticking to one system and working at it. Practice makes perfect. Stay away from outside influence and changing the system. Good luck to all today.

This is what my chart looks like at the moment. We just had a bounce that formed lower support. Lets wait for some action.

Did you get anything off that bearish trend?

Thanks FJ for your advice for the tradingday.

I took the trade , bounce from upper trendline, same I toold before and have +16 pips = +3.6%, my goal per day is 12 pips , so I have done my work, lol

I will trade more today, but only by very small lots now for practice.

good luck to all

2 hammers?

Only risk 50% of your profit at 1% now and build of that for the rest of the day.

Everyone should aim for 1% profit per day. That means if your risk is 1% you only need one good trade a day. If you sit and wait for the right moment this will happen.

Nothing worht it yet. Lets keep waiting.

yep, I knew it was going long. On the MACD, it didn't crossover.

Now a rollercoaster down?

Everyone should have moved their top TL to the last high. This is now where a bounce will occure if it does. Everytime theres a new high or low the TL needs to be moved and then on the next bar we wait for the price to test and for a bounce. You keep moving it till the price doesnt clear it and bounces.

I guess I'm gonna wait it. What are you doing JT? Are you waiting to sell?

Hi all

I am trying to read my current chart and to my limited knowledge in fx does it looks like it will test the TL and possibly the pivot line before a possibly down.

What does anyone else think?

Well thereis my answer, it broke both TL and pivot.

Keep moving your TL to the new high untill the price bounces.

Inverted hammer? are we coming back down??? It is pretty darn close to the resistance of the channel I've drawn...

Wait for a close below the daily pivot to go short

Hi FJ,

My pivot level at 1.2609 and yours r 1.2603 ... Is there any thing wrong with my pivot ? I'm using FXDD.

Pls advice

Edit :Sorry FJ, it was my mistake...it ok now. Btw can i add u to my messsenger