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The Force 5min system

  • #601
  • Nov 13, 2008 2:27am Nov 13, 2008 2:27am
Quoting ChowClown
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.
Hi Chow, thanks for your opinion, it confirms what I was thinking.

Cheers mate
What you do is a reflection of you....what I do is a reflection of me.
  • #602
  • Nov 13, 2008 2:31am Nov 13, 2008 2:31am
Was the second last candle that closed above S1 the trigger for the further bullish move.


Just trying to learn
What you do is a reflection of you....what I do is a reflection of me.
  • #603
  • Nov 13, 2008 2:37am Nov 13, 2008 2:37am
Quoting Ezzy
Was the second last candle that closed above S1 the trigger for the further bullish move.


Just trying to learn
...my bias is about to shift long again, if the 2455 level holds (my chart W-S1), but most times i let bias filter a trade, i miss decent moves ...i wouldn't be surprised in the least to see them take this down again to test the swing low and beyond today.
  • #604
  • Nov 13, 2008 2:40am Nov 13, 2008 2:40am
Sorry traders so busy over here I got in late on this one. Bull signal confirms to go long. Already closed half at 10 and 30% at 25 pips. Gonna let the rest ride as the MACD approaches the Bull side of the 0 line. Stochs overbought. Will proscees on the rest with caution.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 14 KB
Stacking pips since 2002
  • #605
  • Nov 13, 2008 2:42am Nov 13, 2008 2:42am
Ezzy,

Sorry im neglecting my people today. Sorry to everyone. Got a lot going on here but almost done. My full attention will be here in about 30 min.

Quoting Ezzy
Was the second last candle that closed above S1 the trigger for the further bullish move.


Just trying to learn
Stacking pips since 2002
  • #606
  • Nov 13, 2008 2:47am Nov 13, 2008 2:47am
Quoting ChowClown
...my bias is about to shift long again, if the 2455 level holds (my chart W-S1), but most times i let bias filter a trade, i miss decent moves ...i wouldn't be surprised in the least to see them take this down again to test the swing low and beyond today.
Thanks Chow for your info.

I was just wondering that the price slowed down before hitting S1 and once the candle closed above it, the price rushed higher.

It kinda looked like it was going to go down untill that very candle that closed above it. I just want confirmation if that candle closing above it was meaningful.

Thanks.
What you do is a reflection of you....what I do is a reflection of me.
  • #607
  • Nov 13, 2008 2:50am Nov 13, 2008 2:50am
Still in as the price heads for the daily pivot and the upper TL.
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Stacking pips since 2002
  • #608
  • Nov 13, 2008 2:53am Nov 13, 2008 2:53am
Quoting forexjedi
Ezzy,

Sorry im neglecting my people today. Sorry to everyone. Got a lot going on here but almost done. My full attention will be here in about 30 min.
Don't worry FJ, it's all good!

I probably ask too many qs anyway.
What you do is a reflection of you....what I do is a reflection of me.
  • #609
  • Nov 13, 2008 3:07am Nov 13, 2008 3:07am
Sqeezing every last bit of pip juice out of this one. 67 pips sor far gonna TP at the pivot.
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Stacking pips since 2002
  • #610
  • Nov 13, 2008 3:09am Nov 13, 2008 3:09am
Finally closed at 80pips. Heres the breakdown. 50% close at 10 pips. 30% close at 25pips. 20% close at 80 pips. When theres no resistance or support to stop your trade leave it in.
Stacking pips since 2002
  • #611
  • Nov 13, 2008 3:10am Nov 13, 2008 3:10am
Get ready to ride the bear!
Stacking pips since 2002
  • #612
  • Nov 13, 2008 3:12am Nov 13, 2008 3:12am
Quoting forexjedi
Get ready to ride the bear!
I have my saddle ready FJ!
What you do is a reflection of you....what I do is a reflection of me.
  • #613
  • Nov 13, 2008 3:18am Nov 13, 2008 3:18am
Arg... Its gonna get all jammed up at 1.2525. Ive had enough of that number after yesterday.

Quoting Ezzy
I have my saddle ready FJ!
Stacking pips since 2002
  • #614
  • Nov 13, 2008 3:30am Nov 13, 2008 3:30am
This whole area with the daily pivot the weekly s1 makes me feel a little uneasy. We shall proceed with caution. Small lot sizes that usual with a tight stop.
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  • #615
  • Nov 13, 2008 3:38am Nov 13, 2008 3:38am
Bear bounce. All the signals line up. Smaller lot size to limit loss coupled by a tight stop. Lets see what happens. Will play this one tick by tick adjusting SL accordingly.
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Stacking pips since 2002
  • #616
  • Nov 13, 2008 3:39am Nov 13, 2008 3:39am
Quoting forexjedi
Bear bounce. All the signals line up. Smaller lot size to limit loss coupled by a tight stop. Lets see what happens. Will play this one tick by tick adjusting SL accordingly.
Yup...
Trade at Your Own Risk.
  • #617
  • Nov 13, 2008 3:43am Nov 13, 2008 3:43am
Quoting forexjedi
Bear bounce. All the signals line up. Smaller lot size to limit loss coupled by a tight stop. Lets see what happens. Will play this one tick by tick adjusting SL accordingly.
Hi FJ, what stop tolerance are you using on this one?

Edit:...needed 10-15 sl (depending on spread) to stay in so far...
  • #618
  • Nov 13, 2008 3:45am Nov 13, 2008 3:45am
No more than 10 pips. untill It makes a good move below the daily pivot. Keep those losses small. Not to say ill let the price eat my 10 pips. Gonna go on tick by tick price action also.


Quoting ChowClown
Hi FJ, what stop tolerance are you using on this one?
Stacking pips since 2002
  • #619
  • Nov 13, 2008 3:47am Nov 13, 2008 3:47am
Hi fellows,

I am a little late today and I can see lots of pips had to be eaten.
Let me sit at your tables ...
  • #620
  • Nov 13, 2008 3:51am Nov 13, 2008 3:51am
Pipcakes and Pip Juice...lol

Quoting monte911
Hi fellows,

I am a little late today and I can see lots of pips had to be eaten.
Let me sit at your tables ...
Stacking pips since 2002
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