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The Force 5min system

  • #521
  • Nov 12, 2008 4:21am Nov 12, 2008 4:21am
Quoting forexjedi
Slow night. Someone pray for a trade.

...bullish divergence on the stochastic now, but i'm wary and weary of bottom fishing ...having said that i'll take the retracement long setup if it signals.
  • #522
  • Nov 12, 2008 4:22am Nov 12, 2008 4:22am
Quoting ChowClown
...bullish divergence on the stochastic now, but i'm wary and weary of bottom fishing ...having said that i'll take the retracement long setup if it signals.
I'll take it too
Trade at Your Own Risk.
  • #523
  • Nov 12, 2008 4:27am Nov 12, 2008 4:27am
Quoting forexjedi
Slow night. Someone pray for a trade.
Yes it's slow this morning
Trade at Your Own Risk.
  • #524
  • Nov 12, 2008 4:32am Nov 12, 2008 4:32am
forexjedi thanks for your awesome system !!

It is giving great signals on AUDJPY and AUDUSD, I prefer 15min timeframe so had to slow down the stochastic using (10,3,3) instead of (5,3,3).

see my chart below...

http://xs233.xs.to/xs233/08463/audjp...heforce270.gif
  • #525
  • Nov 12, 2008 4:35am Nov 12, 2008 4:35am
Chow, can u post a picture of the bullish divergence to share with FJ's faithful followers here?

Thanks. May the Pips be with U!
Pivot Boss in the making~
  • #526
  • Nov 12, 2008 4:40am Nov 12, 2008 4:40am
Traders,

Its a hard market to call today. This happens sometimes. Its a good time to study the price movement.
Stacking pips since 2002
  • #527
  • Nov 12, 2008 4:52am Nov 12, 2008 4:52am
The price contunues to knock on the door of the weekly s1 at 1.2525. This is a dangerous area. There have been no clear signals for hours. Its better to not trade then to have bad trades. Not only is there support at the ws1. There is also a bull trand line just below that and the price keeps bouncing of that point and closing above the ws1. I realise that people are waiting for some charts and analysis but I dont want to post anything false. Here is the situation. As soon as the bears give up because theres big money at the ws1 the price should bounce nicely. On the other hand a miracle break of this support leaves nothing but the daily s1. lets see what happens.

Quoting forexjedi
Traders,

Its a hard market to call today. This happens sometimes. Its a good time to study the price movement.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #528
  • Nov 12, 2008 4:59am Nov 12, 2008 4:59am
Quoting forexjedi
The price contunues to knock on the door of the weekly s1 at 1.2525. This is a dangerous area. There have been no clear signals for hours. Its better to not trade then to have bad trades. Not only is there support at the ws1. There is also a bull trand line just below that and the price keeps bouncing of that point and closing above the ws1. I realise that people are waiting for some charts and analysis but I dont want to post anything false. Here is the situation. As soon as the bears give up because theres big money at the ws1 the price should bounce nicely. On the other hand a miracle break of this support leaves nothing but the daily s1. lets see what happens.
Thanks for these details.
Trade at Your Own Risk.
  • #529
  • Nov 12, 2008 5:03am Nov 12, 2008 5:03am
Quoting jurn_e
Chow, can u post a picture of the bullish divergence to share with FJ's faithful followers here?

Thanks. May the Pips be with U!
Sure, chart shows bullish divergence where price makes lower lows but the stochastic is making higher lows.

Edit:...the downtrend force is strong though, use the force ..sorry couldn't resist.
Attached Image (click to enlarge)
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  • #530
  • Nov 12, 2008 5:11am Nov 12, 2008 5:11am
Chow im with you on this one. I dont recommend anyone else take this trade. Its extremely risky. My stop will be very tight and adjusted tick by tick. Old support at the weekl pivot s1 and the uptrend line have now become resistance as the price has broken these levels. There was a lot of hard work put in by many financial institutions to make this happen its obvious. Its really hard to tell where it will go from here. Ill keep everyone posted on this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #531
  • Nov 12, 2008 5:21am Nov 12, 2008 5:21am
closed at -2 pips. Bounce reversal is in progress. Lower TL now adjusted to the new low. The charts on it way.
Stacking pips since 2002
  • #532
  • Nov 12, 2008 5:26am Nov 12, 2008 5:26am
Quoting forexjedi
Chow im with you on this one. I dont recommend anyone else take this trade. Its extremely risky. My stop will be very tight and adjusted tick by tick. Old support at the weekl pivot s1 and the uptrend line have now become resistance as the price has broken these levels. There was a lot of hard work put in by many financial institutions to make this happen its obvious. Its really hard to tell where it will go from here. Ill keep everyone posted on this trade.
FJ, Is this trade by the rules? I don't see Stochastic moving from overbought region.
  • #533
  • Nov 12, 2008 5:28am Nov 12, 2008 5:28am
Quoting timex83
FJ, Is this trade by the rules? I don't see Stochastic moving from overbought region.
Yes, i think it's not traded by the rules...?
I have take the bounce
Trade at Your Own Risk.
  • #534
  • Nov 12, 2008 5:39am Nov 12, 2008 5:39am
This trade was made by the advanced rules from post 238. The only thing done different was I waited for the price to clear the ws1 at 1.2525 and the lower TL. Please see the chart above.

Quoting timex83
FJ, Is this trade by the rules? I don't see Stochastic moving from overbought region.
Stacking pips since 2002
  • #535
  • Nov 12, 2008 5:40am Nov 12, 2008 5:40am
yep I take the trade from bounce +19 pips fantastic, thats great.
I will go nfor dinner now
cheers
Attached Image (click to enlarge)
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  • #536
  • Nov 12, 2008 5:50am Nov 12, 2008 5:50am
Quoting fxdiesel
yep I take the trade from bounce +19 pips fantastic, thats great.
I will go nfor dinner now
cheers
Nice one, FX. Braver than me, my emas hadn't crossed until the long bullish bar had closed, they were equal (on my chart) at the time of your entry from the looks of it....good for you though, worked well.
  • #537
  • Nov 12, 2008 5:52am Nov 12, 2008 5:52am
What a dull day. This trade is it for me today. Bounce of the lower TL clearing back through the ws1 at 1.2525. A scary bear candle the it clears the bear trend line at proceeds to make a run at the upper TL. Lets see what happens. After this trade im out for the day. Already took 50% at 10 pips will take 30 at 15 pips and let the rest ride with stop at BE. Good luck to all. Tomorrow should be more of an eventfull day.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #538
  • Nov 12, 2008 5:53am Nov 12, 2008 5:53am
...who's up for fading this move on the next short signal?...if i don't take it (thinking that we're now in an uptrend), i'll no doubt go and miss a 100+ move south
  • #539
  • Nov 12, 2008 5:55am Nov 12, 2008 5:55am
I took the same trade except with a full signal. Still worked out but could have easily reversed. We must always wait for a full signal. Non the less congrats on your good trade. Not waiting for a full signal will cause a loss more often than not.

Quoting ChowClown
Nice one, FX. Braver than me, my emas hadn't crossed until the long bullish bar had closed, they were equal (on my chart) at the time of your entry from the looks of it....good for you though, worked well.
Stacking pips since 2002
  • #540
  • Edited 6:33am Nov 12, 2008 5:59am | Edited 6:33am
Waiting pays off. I sat for 7 hours today. Took 1 trade lost 2 pips and another for 35 pips profit. Sometimes you have to sit in the bushes waiting to snipe your target. The force prevails again. I hope many people were involved in that trade. Its all you now Chow.
Attached Image (click to enlarge)
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Stacking pips since 2002
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