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The Force 5min system

  • #781
  • Nov 14, 2008 6:43am Nov 14, 2008 6:43am
Quoting fxdiesel
I see cable go down in the last 4 min ~100 pips , thats for me one more confirmation to pull the button and go short for 28 pips

..classy trading, FX
  • #782
  • Nov 14, 2008 6:45am Nov 14, 2008 6:45am
..well, i'm in again long, let's see if they can bust resistance at the round number, this time...

Edit:...stop already at b/e...keeping this tight for now.

Edit:...80% off at +20, rest b/e.
  • #783
  • Nov 14, 2008 6:47am Nov 14, 2008 6:47am
Quoting fxdiesel
I see cable go down in the last 4 min ~100 pips , thats for me one more confirmation to pull the button and go short for 28 pips
well done -fxdiesel
  • #784
  • Nov 14, 2008 6:50am Nov 14, 2008 6:50am
Quoting ChowClown
..well, i'm in again long, let's see if they can bust resistance at the round number, this time...

Edit:...stop already at b/e...keeping this tight for now.
wow nice

I go toilet and come back to late, whole day near nothing and now stroke upon stroke, lol
  • #785
  • Nov 14, 2008 6:52am Nov 14, 2008 6:52am
Quoting fibofuzi
well done -fxdiesel
thanks fuzi
  • #786
  • Nov 14, 2008 6:54am Nov 14, 2008 6:54am
Quoting ChowClown
Post #1 - "Trade signals are only confirmed on closed candles/bars."
Hi Chow,

Sorry to ask u again, when u mention "Trade signals are only confirmed on closed candles/bars" means u only "fire" on the next candle open. Am i right ?
Excuse me for asking this qoestion again cos my language r not that strong.
~~ Happy Trading ~~
  • #787
  • Nov 14, 2008 6:56am Nov 14, 2008 6:56am
Quoting jeffreylim
Hi Chow,

Sorry to ask u again, when u mention "Trade signals are only confirmed on closed candles/bars" means u only "fire" on the next candle open. Am i right ?
Excuse me for asking this qoestion again cos my language r not that strong.

That's right, JL
  • #788
  • Nov 14, 2008 6:59am Nov 14, 2008 6:59am
...toppy now and Force short signal developing, make or break for longs.
  • #789
  • Nov 14, 2008 7:00am Nov 14, 2008 7:00am
EUR/USD is performing very poor today, it seems that all day this pair waits for Trichet's and Bernake's speeches
  • #790
  • Nov 14, 2008 7:05am Nov 14, 2008 7:05am
Quoting kingpin
EUR/USD is performing very poor today, it seems that all day this pair waits for Trichet's and Bernake's speeches
...seems like it, doesn't it. Good opportunity to pratice the strat 'tho, signals a plenty...helps develop your feel for the pair.
  • #791
  • Nov 14, 2008 7:15am Nov 14, 2008 7:15am
now we can make pips!
I'm make +12 pips short 1.2701 - 1.2689, nice signal, but wan't work out quick, so I out to early before pivot.
I scare to much for loose pips , but nothing wrong I think for banking pips
  • #792
  • Nov 14, 2008 7:17am Nov 14, 2008 7:17am
Quoting fxdiesel
now we can make pips!
I'm make +12 pips short 1.2701 - 1.2689, nice signal, but wan't work out quick, so I out to early before pivot.
I scare to much for loose pips , but nothing wrong I think for banking pips
Exactly, we won't go bust taking a profit
  • #793
  • Nov 14, 2008 7:22am Nov 14, 2008 7:22am
Agree about the experience. Myself always don't like fridays. Very messy...

Quoting ChowClown
...seems like it, doesn't it. Good opportunity to pratice the strat 'tho, signals a plenty...helps develop your feel for the pair.
  • #794
  • Nov 14, 2008 7:24am Nov 14, 2008 7:24am
I made +6 pips in that move. Thought it doesn;t break the trend line

Quoting fxdiesel
now we can make pips!
I'm make +12 pips short 1.2701 - 1.2689, nice signal, but wan't work out quick, so I out to early before pivot.
I scare to much for loose pips , but nothing wrong I think for banking pips
  • #795
  • Nov 14, 2008 7:28am Nov 14, 2008 7:28am
What is your strategy if this major support is broken? I'm learning the system. Made a few pips already this morning. Curious as to what you guys will do here.

Thanks
  • #796
  • Nov 14, 2008 7:34am Nov 14, 2008 7:34am
Quoting eddiegrey
What is your strategy if this major support is broken? I'm learning the system. Made a few pips already this morning. Curious as to what you guys will do here.

Thanks
I'll play the retracement up to the 2670 support levels, if it looks right and then load up properly for the next wave down after that.

Edit:...testing the pivot level already, so standing aside on any longs here...i'd rather enter once the pivot area is out of the way. My next trade is likely to be from a Force short.

Edit:...we see this time and time again (support/resistance switch)...an impulse wave down followed by retracement to the support area the wave has broken, and from there short again....very quick trading opportunities and good R:R.
  • #797
  • Nov 14, 2008 7:40am Nov 14, 2008 7:40am
Thanks!
  • #798
  • Nov 14, 2008 7:41am Nov 14, 2008 7:41am
Quoting ChowClown
I'll play the retracement up to the 2670 support levels, if it looks right and then load up properly for the next wave down after that.
yep thats my plan also , I wait a little for the dust from news go and will play the next down wave
  • #799
  • Nov 14, 2008 7:56am Nov 14, 2008 7:56am
Ok lets trade the crap out of this US session!
Stacking pips since 2002
  • #800
  • Nov 14, 2008 7:59am Nov 14, 2008 7:59am
Quoting forexjedi
Ok lets trade the crap out of this US session!
will follow you....
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