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The Force 5min system

  • #581
  • Nov 12, 2008 3:11pm Nov 12, 2008 3:11pm
See The Chart
  • #582
  • Nov 12, 2008 11:25pm Nov 12, 2008 11:25pm
For everyone wondering where the bottom TL is today. Dig back to the beggining of the Assian session on Oct 28th. There needs to be a bottom we cant trade without a bottom TL. Always dig further and furhter back untill you can find a upward slope for your lower TL. Chart Below for my starting point today. Weekly and daily pivot above the action today. I suspect big bear moves today as nobody wants the price to hang around any weekly support/resistance. Makes for really risky trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #583
  • Nov 12, 2008 11:33pm Nov 12, 2008 11:33pm
harigp,

If youve read this thread from the beginning you should know that we do not post anything thats not related to my system on this thread. By anything I mean NOTHING!!!!!!. People are trying t learn a proven system here and their minds dont need to be poluted by things that will cause bad trades or confuse them. Please do not do this again. There is no reason for this as the system makes pips. We trade 1 system on 1 time frame with no outside influence. Theres two more levels to my system that I will put out when people are ready. I will shut this thread down before I have my system mutated and destroyed by outside indicators.

Jedi

Quoting harigp
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
Stacking pips since 2002
  • #584
  • Nov 13, 2008 12:29am Nov 13, 2008 12:29am
Nothing worht a trade yet. Lets wait for a setup.
Stacking pips since 2002
  • #585
  • Nov 13, 2008 12:31am Nov 13, 2008 12:31am
Ok thanks you ! we ll wait !

Luk
  • #586
  • Nov 13, 2008 12:35am Nov 13, 2008 12:35am
i have a weekly resistance at 2487 with fxdd do you have the same forexjedi or do you only check setup with tl ?
  • #587
  • Nov 13, 2008 12:56am Nov 13, 2008 12:56am
Pips,

Nice to see you here again. Dont see that one on my chart. What indicator are you using for that?

Quoting PipsRider
i have a weekly resistance at 2487 with fxdd do you have the same forexjedi or do you only check setup with tl ?
Stacking pips since 2002
  • #588
  • Nov 13, 2008 1:05am Nov 13, 2008 1:05am
It s pivot points multitimeframe
  • #589
  • Nov 13, 2008 1:18am Nov 13, 2008 1:18am
+10 on the rebound of weekly line and exit on daily low ! but too early, what do you think forexjedi ? did i need to wait tl for exit ?

Luk
Attached Image (click to enlarge)
Click to Enlarge Name: force.gif Size: 36 KB
  • #590
  • Nov 13, 2008 1:26am Nov 13, 2008 1:26am
oops... forgot to post that one. Lots going on here with answering Qs via msn.
Stacking pips since 2002
  • #591
  • Nov 13, 2008 1:33am Nov 13, 2008 1:33am
First time to use the system but with EUR/JPY and USD/CHF pairs... both closed @ 35 pips thanks for the system, will continue to test it.
My edge ===> Patience
  • #592
  • Nov 13, 2008 1:38am Nov 13, 2008 1:38am
+70pips here,

was follwong the trend adjusting stops to the hi of former candle
Good run
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #593
  • Nov 13, 2008 1:41am Nov 13, 2008 1:41am
Quoting Naijafx
+70pips here,

was follwong the trend adjusting stops to the hi of former candle
Good run
Nice one, NF. You never know when these break away runs will materialise. Good for you - i've just arrived at my desk and missed it....ready for the bounce though

Morning all.
  • #594
  • Nov 13, 2008 1:50am Nov 13, 2008 1:50am
Quoting Naijafx
+70pips here,

was follwong the trend adjusting stops to the hi of former candle
Good run
Wow nice trade Naijafx ! I definitly exit too early !

Luk
  • #595
  • Nov 13, 2008 1:52am Nov 13, 2008 1:52am
price has approached a two year area of 1.2329. WOW!. Everyone needs to zoom right out on the D1 chart and connect the new line for new support and do the same on the weekly chart. Bounce possible form here.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 13 KB
Stacking pips since 2002
  • #596
  • Nov 13, 2008 1:53am Nov 13, 2008 1:53am
Quoting PipsRider
Wow nice trade Naijafx ! I definitly exit too early !

Luk

Same with you, I exit too early on my EURJPY entry.. But its okay as long as we win some pips.


I might enter a long signal for EURJPY if the candle closed as bullish.
My edge ===> Patience
  • #597
  • Nov 13, 2008 2:06am Nov 13, 2008 2:06am
Morning all..
well done on posting your methodology, FJ. Very clear triggers. Conforms to rule no 1 - "Just follow price". Reminds me of a bloodhound in those old Sherlock Holmes movies, nose to the ground, ................ lol
  • #598
  • Nov 13, 2008 2:13am Nov 13, 2008 2:13am
Hi Traders,

Is it good time to buy now ?

Attached Image (click to enlarge)
Click to Enlarge Name: fj-2.gif Size: 21 KB
~~ Happy Trading ~~
  • #599
  • Nov 13, 2008 2:23am Nov 13, 2008 2:23am
Hi all, and many pips to everyone!

Heading back above S1 or retesting S2, any opinions?
What you do is a reflection of you....what I do is a reflection of me.
  • #600
  • Nov 13, 2008 2:23am Nov 13, 2008 2:23am
Quoting jeffreylim
Hi Traders,

Is it good time to buy now ?

Attachment
Not an optimum signal (stoch a bit high in it's cycle), but clearly solid pips to have been made so far, for anyone that took it. I decided not to, in preference for loading up on the next short signal.
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