The Force 5min system | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Intresting finding or simply statistic: 5min candel 14 replies

5min Bollinger breakout system 42 replies

My journal on The Force 5min system 5 replies

Backtest Data Timeframe > 1min, 5min necessary? 2 replies

Attachments: The Force 5min system
Exit Attachments

The Force 5min system

  • #721
  • Nov 14, 2008 2:50am Nov 14, 2008 2:50am
Here's the chart

Quoting forexjedi
can someone post a chart for this, im having pc problems.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 15 KB
  • #722
  • Nov 14, 2008 2:54am Nov 14, 2008 2:54am
Ben,

Ive said before many times and ill say it again. Please no outside indicators or outside pairs or times other than the 5min chart. People cant learn to trade a system effectively and get to know a pair if they dont stick to the system. Any coments on price action 123 patterns ect are ok. Nothing else please. This is a serious thread with a proven system that makes pips.

Jedi

Quoting Ben920FX
First my long entry on EURJPY hit SL 35 pips



Second long entry on GBPUSD hit TP 35 pips
Stacking pips since 2002
  • #723
  • Nov 14, 2008 2:56am Nov 14, 2008 2:56am
Possible bounce. Ok so the man ate our 14 pips. Fine. Lets get even. I suspected the price might make one last run at that lower TL. In our quest for revenge on the bears we seek a possible bounce which is in progress. Lets see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #724
  • Nov 14, 2008 2:59am Nov 14, 2008 2:59am
Price clears the lower TL. Adjust to the new low.
Stacking pips since 2002
  • #725
  • Nov 14, 2008 2:59am Nov 14, 2008 2:59am
Hi ChowClown, Hi traders,

I am off for the weekend as my wife asked for shoes, I asked for pips and I got enough to buy her some pairs. So rest of the pips (and my wife) will make my weekend sweet. Take care enjoy the ride and see you all fresh and healthy on monday for a new session !!!
  • #726
  • Nov 14, 2008 3:00am Nov 14, 2008 3:00am
FJ maybe you can comment a liltle bit about the EUR/USD outlook. IT looks bearish for me now...
  • #727
  • Nov 14, 2008 3:01am Nov 14, 2008 3:01am
Quoting monte911
Hi ChowClown, Hi traders,

I am off for the weekend as my wife asked for shoes, I asked for pips and I got enough to buy her some pairs. So rest of the pips (and my wife) will make my weekend sweet. Take care enjoy the ride and see you all fresh and healthy on monday for a new session !!!
...have a great time, Monte. Until Monday then.
  • #728
  • Nov 14, 2008 3:03am Nov 14, 2008 3:03am
Have a good weekend!

See you on monday!!!

Love this thread...

Quoting monte911
Hi ChowClown, Hi traders,

I am off for the weekend as my wife asked for shoes, I asked for pips and I got enough to buy her some pairs. So rest of the pips (and my wife) will make my weekend sweet. Take care enjoy the ride and see you all fresh and healthy on monday for a new session !!!
  • #729
  • Nov 14, 2008 3:04am Nov 14, 2008 3:04am
...at daily pivot now...have a feeling we'll head north soon....but thankfully with the Force, we don't need to predict/anticipate...
  • #730
  • Nov 14, 2008 3:08am Nov 14, 2008 3:08am
No problem. My thoughts are that the price wants to head for it low point from yesterday at 1.2388. Almost a two year low for this pair. The reason I dont think its going to happen is that the price is in oversold area on the stochs. It has now met resistance at the daily pivot and is oversold on the MACD. I doubt the price will go much more bearish. The farthest down it could possibly go today would be to the lower 5min trend line connecting yesterdays two low points. Lets see what happens.

Quoting kingpin
FJ maybe you can comment a liltle bit about the EUR/USD outlook. IT looks bearish for me now...
Stacking pips since 2002
  • #731
  • Nov 14, 2008 3:09am Nov 14, 2008 3:09am
Edited: The price continues to go down..

The stoch's is'nt in a overbought area. Are we taking next bulish trade?

Quoting ChowClown
...at daily pivot now...have a feeling we'll head north soon....but thankfully with the Force, we don't need to predict/anticipate...
  • #732
  • Nov 14, 2008 3:11am Nov 14, 2008 3:11am
We need to wait for a break of the TL just above the PA and a full long signal to go bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #733
  • Nov 14, 2008 3:12am Nov 14, 2008 3:12am
Quoting kingpin
The stoch's is'nt in a overbought area. Are we taking next bulish trade?
yes, at this point we're looking for long setups....see how price is testing and (currently) rejecting the pivot, we'll soon see if the bulls are back in control or not. The bullish divergence in the stochastic lends weight to a move upwards, but anything can happen.
  • #734
  • Nov 14, 2008 3:16am Nov 14, 2008 3:16am
Hi FJ,

Do u think price will go all the way to the major support level at 1.2583 ?
Attached Image (click to enlarge)
Click to Enlarge Name: fj-3.gif Size: 25 KB
~~ Happy Trading ~~
  • #735
  • Nov 14, 2008 3:18am Nov 14, 2008 3:18am
Thanks FJ CC, the comments form you senior guys makes me more confident in making trading desicions.

Quoting forexjedi
No problem. My thoughts are that the price wants to head for it low point from yesterday at 1.2388. Almost a two year low for this pair. The reason I dont think its going to happen is that the price is in oversold area on the stochs. It has now met resistance at the daily pivot and is oversold on the MACD. I doubt the price will go much more bearish. The farthest down it could possibly go today would be to the lower 5min trend line connecting yesterdays two low points. Lets see what happens.
  • #736
  • Nov 14, 2008 3:22am Nov 14, 2008 3:22am
We must continue to wait for the proper setup.
Stacking pips since 2002
  • #737
  • Nov 14, 2008 3:27am Nov 14, 2008 3:27am
Hi forexjedi
Like this thread a lot and I appreciate your adherance to your rules, very nice.

Going back to the original rules to buy on a positive candle close. The recent failed trades, were they buys as they did not appear to have the 'buy on positive close' requirement. Just wondering??

Thanks again.
  • #738
  • Nov 14, 2008 3:36am Nov 14, 2008 3:36am
Vantage thanks for the complements. We you by the advanced rules now on post 238. The original rules are designed to to get people used to the indicators then we kicked it up a notch on the advanced rules. We have only had a loss today of about 14 pips. I rarely have a loss with this system and when I do its minimal. At the moment were trading bounces of major TL's with a matching setup on the indicators. I hope this helps.

Quoting Vantage
Hi forexjedi
Like this thread a lot and I appreciate your adherance to your rules, very nice.

Going back to the original rules to buy on a positive candle close. The recent failed trades, were they buys as they did not appear to have the 'buy on positive close' requirement. Just wondering??

Thanks again.
Stacking pips since 2002
  • #739
  • Nov 14, 2008 3:39am Nov 14, 2008 3:39am
At the moment we must wait for the price to close above the daily pivot and a full signal to occure. The price must also clear the med term upper TL.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #740
  • Nov 14, 2008 3:43am Nov 14, 2008 3:43am
Quoting forexjedi
At the moment we must wait for the price to close above the daily pivot and a full signal to occure. The price must also clear the med term upper TL.
FJ

given the divergence, what is the significance of waiting for a full signal as opposed to a cross above the 20 line?
0 traders viewing now