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The Force 5min system

  • #561
  • Nov 12, 2008 8:00am Nov 12, 2008 8:00am
Thank you ForexJedi for sharing this system
I think this system is the best
clear entry and exit
By the way, it could work in all time frames, 4H brings more pips but also more stop loss

Best wishes
  • #562
  • Nov 12, 2008 8:13am Nov 12, 2008 8:13am
Quoting ChowClown
...i won't be taking the long, if it signals this time...will wait for another short.

although tempted by the swing low break, the stochastic reading at the time of the signal was way too low in it's cycle for me to enter, so still on the sidelines waiting for a better setup.
  • #563
  • Nov 12, 2008 9:03am Nov 12, 2008 9:03am
...full short signal pending..2 mins.
  • #564
  • Nov 12, 2008 9:11am Nov 12, 2008 9:11am
Quoting ChowClown
...full short signal pending..2 mins.
...a quick 20 pips and out.
  • #565
  • Nov 12, 2008 9:41am Nov 12, 2008 9:41am
...took the last signal short with lower stakes, the stoch wasn't coming down from overbought, but i spotted a 123 short pattern and took the break of that, which coincided with the Force signal.
  • #566
  • Nov 12, 2008 9:45am Nov 12, 2008 9:45am
Quoting ChowClown
...took the last signal short with lower stakes, the stoch wasn't coming down from overbought, but i spotted a 123 short pattern and took the break of that, which coincided with the Force signal.

What is 123 short signal?
Pivot Boss in the making~
  • #567
  • Edited 10:16am Nov 12, 2008 9:57am | Edited 10:16am
Quoting jurn_e
What is 123 short signal?
..apologies for any confusion, hope the chart helps....not advocating this as part of FJ's method of course, just my ramblings on riskier trades i sometimes take.

Edit:..took 80% @ +20 and was stopped out at b/e on the rest. No more 'hairy' trades for me today.
Attached Image (click to enlarge)
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  • #568
  • Nov 12, 2008 10:32am Nov 12, 2008 10:32am
...be good to see a reversal soon, in line with GU...holding up well atm.
  • #569
  • Nov 12, 2008 11:17am Nov 12, 2008 11:17am
Hi Chow..

are you in ? on the way down south again ? SL .2555 ? When the .2525 falls we might get a free ride again ....
  • #570
  • Nov 12, 2008 11:24am Nov 12, 2008 11:24am
Quoting monte911
Hi Chow..

are you in ? on the way down south again ? SL .2555 ? When the .2525 falls we might get a free ride again ....
Yes, in again Monte, same stop....fingers crossed for another nice drop.

Edit:...hmm, not looking good atm.
  • #571
  • Nov 12, 2008 11:28am Nov 12, 2008 11:28am
Quoting ChowClown
Yes, in again Monte, same stop....fingers crossed for another nice drop.

Edit:...hmm, not looking good atm.

...ouch.
  • #572
  • Nov 12, 2008 11:31am Nov 12, 2008 11:31am
who asked the bulls to come ??
Pips 20-

What goes up must come down, another time another try...
  • #573
  • Nov 12, 2008 11:34am Nov 12, 2008 11:34am
Quoting monte911
who asked the bulls to come ??
Pips 20-

What goes up must come down, another time another try...
yes, thankfully the losses are minimal. Lock and load for the next signal
  • #574
  • Nov 12, 2008 11:51am Nov 12, 2008 11:51am
Chow,

I think, I should had a closer look because of the resistence of the W_S1 at .2525 . The spinning Top followed by the Doji also showed there might not be enough selling power to cross the resistence. Therfore to wait for a better signal could have been better. Are you agree with me ?

But anyway I am here to learn.
  • #575
  • Nov 12, 2008 11:53am Nov 12, 2008 11:53am
...in again short, but sl already at b/e....too many times today the 34ema has acted as dynamic support/resistance.
  • #576
  • Nov 12, 2008 11:55am Nov 12, 2008 11:55am
Quoting monte911
Chow,

I think, I should had a closer look because of the resistence of the W_S1 at .2525 . The spinning Top followed by the Doji also showed there might not be enough selling power to cross the resistence. Therfore to wait for a better signal could have been better. Are you agree with me ?

But anyway I am here to learn.
I really must change to FJ's MT4 provider my W_S1 is at 2455!
  • #577
  • Nov 12, 2008 11:58am Nov 12, 2008 11:58am
Quoting ChowClown
...in again short, but sl already at b/e....too many times today the 34ema has acted as dynamic support/resistance.
flat, b/e.
  • #578
  • Nov 12, 2008 12:08pm Nov 12, 2008 12:08pm
See you all soon, fresh and healthy, ready for the pips !!!

Bye for now, babe is calling and want to have some pips
  • #579
  • Nov 12, 2008 12:12pm Nov 12, 2008 12:12pm
Quoting monte911
See you all soon, fresh and healthy, ready for the pips !!!

Bye for now, babe is calling and want to have some pips
Have a good evening. I'm off too now.

Until tomorrow.
  • #580
  • Nov 12, 2008 2:09pm Nov 12, 2008 2:09pm
Hi chow

The SMA 34 has great power. What I am doing is in one hour chart If the
34 SMA is bearish. I go to 5 minute chart and wait the candle to strike the 34 sma and go for short trade
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