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The Force 5min system

  • #741
  • Nov 14, 2008 3:51am Nov 14, 2008 3:51am
Thanks, I just thought that immediately prior to the signal price had made lower lows, then the signal came with a shooting star which was another bearish candle.

The advanced rules still say positive close for buys. Sorry to be nitpicking this was the only problem I could see with this one.

Regards.
  • #742
  • Nov 14, 2008 3:58am Nov 14, 2008 3:58am
Possible bearish bounce. Looks like a change of plans. The bears dont want to let this one go. It could bounce soon. This is a tough spot to call. Lets see what happens.
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Stacking pips since 2002
  • #743
  • Nov 14, 2008 3:58am Nov 14, 2008 3:58am
Quoting Vantage
Thanks, I just thought that immediately prior to the signal price had made lower lows, then the signal came with a shooting star which was another bearish candle.

The advanced rules still say positive close for buys. Sorry to be nitpicking this was the only problem I could see with this one.

Regards.
Yes, and this is where candle analysis really saves your bacon...i too didn't take the long, not only was there the evening star beforehand, but lack of momentum straight after the signal confirmation also gave the game away at that moment in time...just enough warning to not pull the trigger....i will only enter off a signal if there's an immediate shove in the right direction...hard to quantify though, as this might only be a few ticks.
  • #744
  • Nov 14, 2008 4:05am Nov 14, 2008 4:05am
There seems to be a valid 1,2,3 bottom forming this could be getting close.
  • #745
  • Nov 14, 2008 4:06am Nov 14, 2008 4:06am
Vantage,

I like your style. Thanks for participating in my thread.

Quoting Vantage
There seems to be a valid 1,2,3 bottom forming this could be getting close.
Stacking pips since 2002
  • #746
  • Nov 14, 2008 4:07am Nov 14, 2008 4:07am
Quoting Vantage
There seems to be a valid 1,2,3 bottom forming this could be getting close.
Agreed, won't be long.
  • #747
  • Nov 14, 2008 4:08am Nov 14, 2008 4:08am
Chow,

This could be it.

Quoting ChowClown
Agreed, won't be long.
Stacking pips since 2002
  • #748
  • Nov 14, 2008 4:10am Nov 14, 2008 4:10am
Quoting forexjedi
Vantage,

I like your style. Thanks for participating in my thread.
A pleasure whatever I can contribute to this great thread!!
  • #749
  • Nov 14, 2008 4:26am Nov 14, 2008 4:26am
Quoting forexjedi
Chow,

This could be it.

..ah well, looking for the Force to 're-set' now for longs....patience, a virtue indeed.
  • #750
  • Nov 14, 2008 4:28am Nov 14, 2008 4:28am
Very tense market at the moment. Its hard to say where its going to go. One things seems for certain and thats the bears have been slowly loosing some of their power. I have taken a risky postion and will keep my stop tight to go long based on anticipation. No more than 10 pip stop loss.
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Stacking pips since 2002
  • #751
  • Nov 14, 2008 4:31am Nov 14, 2008 4:31am
Quoting forexjedi
Very tense market at the moment. Its hard to say where its going to go. One things seems for certain and thats the bears have been slowly loosing some of their power. I have taken a risky postion and will keep my stop tight to go long based on anticipation. No more than 10 pip stop loss.

In the long, but not using the Force set-up this time....just PA.
  • #752
  • Nov 14, 2008 4:33am Nov 14, 2008 4:33am
Quoting forexjedi
Possible bearish bounce. Looks like a change of plans.
Beautiful live call and objectivity.
It's great to be able to follow along
with you!

Thanks and Good Trading!
Brent
  • #753
  • Nov 14, 2008 4:34am Nov 14, 2008 4:34am
50% at 10 pips. 30% at 25pips. Stop to BE. Let the rest ride.
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  • #754
  • Nov 14, 2008 4:41am Nov 14, 2008 4:41am
Last 20% closed at 20 pips. Gonna be a nice bearish bounce from here.
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  • #755
  • Nov 14, 2008 4:56am Nov 14, 2008 4:56am
I have to admit todays market has chalenged my best skills. Long next, short next. To hard to tell at the moment.
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  • #756
  • Nov 14, 2008 5:09am Nov 14, 2008 5:09am
Quoting forexjedi
Very tense market at the moment. Its hard to say where its going to go. One things seems for certain and thats the bears have been slowly loosing some of their power. I have taken a risky postion and will keep my stop tight to go long based on anticipation. No more than 10 pip stop loss.
Mmmmh, a quick failure at 1.2715 followed by a lower high!!
  • #757
  • Nov 14, 2008 5:13am Nov 14, 2008 5:13am
V,

Did you follow that trade already closed a little while ago.

Quoting Vantage
Mmmmh, a quick failure at 1.2715 followed by a lower high!!
Stacking pips since 2002
  • #758
  • Nov 14, 2008 5:24am Nov 14, 2008 5:24am
...another Force bounce off the pivot soon, p'raps.
  • #759
  • Nov 14, 2008 5:27am Nov 14, 2008 5:27am
Quoting forexjedi
V,

Did you follow that trade already closed a little while ago.
Sorry missed that one, its lunch time here and I popped out to the shops quickly and have just had lunch after my last post.

Nice one though, considering the market you did well there.
  • #760
  • Nov 14, 2008 5:28am Nov 14, 2008 5:28am
Chow,

Lets see what happens. Extremely slow day. Dying of bordom here. Might have to dip into the US session for some excitment.

Quoting ChowClown
...another Force bounce off the pivot soon, p'raps.
Stacking pips since 2002
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