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The Force 5min system

  • #901
  • Nov 16, 2008 11:59pm Nov 16, 2008 11:59pm
That's why I'm here on this thread, for the help and encouragement of a newbie like myself. It's a demo account but I'm trading it just like a real account. I will keep that in mind. I figure, post what I do and all I can do is learn.

Quoting Vantage
Hi Siuol
Personally I'd suggest care anytime you see a 20+ pip candle from a 5 min chart.

Whilst 1.2550 is proving good support at the moment its also tried a couple of times to go higher and each time its pulled back.

Watch the ever so slightly lower highs, could be a big move down coming.
  • #902
  • Nov 17, 2008 12:01am Nov 17, 2008 12:01am
Quoting Siuol
I'm long at 1.2573. I would post my chart but I get an error when I try to do so. Does not look like my first trade taking this system is going to be a winner but I'm learning.
I took the last big candle and it proved disasterous. I too am learning so I took this last signal...price is pretty choppy and I'm seeing a new trend.

Price seems to be bouncing down from that new downward trend forming a triangle.
Attached Image (click to enlarge)
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  • #903
  • Nov 17, 2008 12:01am Nov 17, 2008 12:01am
Siuol,

There only one recent spot where I could see that you may have gone long. Ive posted a chart below. If this is the treade you took you must remeber to wait for a clear visual cross on the stochs. In the chart below the stochs had not mae a full cross on that candle. If you entered on the next candle that was a bad idea. Only enter long when everything is bull. Meaning bullish close as per the previous on the MACD bullish cross on the stochs and a bullish candle with a bounce of a lower TL.

Jedi

Quoting Siuol
I'm long at 1.2573. I would post my chart but I get an error when I try to do so. Does not look like my first trade taking this system is going to be a winner but I'm learning.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 18 KB
Stacking pips since 2002
  • #904
  • Nov 17, 2008 12:02am Nov 17, 2008 12:02am
Price keeps recklessly bouncing back and forth off my tl at the moment. Consolidation, something nice should happen soon. I am hungry and want to eat some pips.

Quoting Vantage
Hi Siuol
Personally I'd suggest care anytime you see a 20+ pip candle from a 5 min chart.

Whilst 1.2550 is proving good support at the moment its also tried a couple of times to go higher and each time its pulled back.

Watch the ever so slightly lower highs, could be a big move down coming.
  • #905
  • Nov 17, 2008 12:07am Nov 17, 2008 12:07am
Ok.. Everyone is anxious to feel the force. Lets wait for a good setup. What were going to wait for is the stochs to pass into oversold or overbought closs there and then pass back through with a nice bounce of a TL and a matching signal on the MACD. Lets wait for the setup. In the mean time we can study the way the price is moving at the moment. Its trying to find direction but its having a hard time.
Stacking pips since 2002
  • #906
  • Nov 17, 2008 12:18am Nov 17, 2008 12:18am
Yes that is the trade I took. I entered long at the close of the bar that you have circled. I was just stopped out for -13 pips. Still learning as you can tell. Thanks for the advice. I truly appreciate the help from everybody. It's nice to see no arguing in this thread like many others have.

Quoting forexjedi
Siuol,

There only one recent spot where I could see that you may have gone long. Ive posted a chart below. If this is the treade you took you must remeber to wait for a clear visual cross on the stochs. In the chart below the stochs had not mae a full cross on that candle. If you entered on the next candle that was a bad idea. Only enter long when everything is bull. Meaning bullish close as per the previous on the MACD bullish cross on the stochs and a bullish candle with a bounce of a lower TL.

Jedi
  • #907
  • Nov 17, 2008 12:29am Nov 17, 2008 12:29am
Would someone be able to help me understand why I get an error when I try to upload my chart? The trendline is showing strong resistance but I don't want to just say that and not show a chart.
  • #908
  • Nov 17, 2008 12:38am Nov 17, 2008 12:38am
Everyone should be continuously re-adjusting theyre TL's to the newst highs and lows waiting for a bounce.
Stacking pips since 2002
  • #909
  • Nov 17, 2008 12:42am Nov 17, 2008 12:42am
Can you post what your chart looks like right now please?

Quoting forexjedi
Everyone should be continuously re-adjusting theyre TL's to the newst highs and lows waiting for a bounce.
  • #910
  • Nov 17, 2008 12:45am Nov 17, 2008 12:45am
Here you go!
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #911
  • Nov 17, 2008 12:48am Nov 17, 2008 12:48am
Thanks. I'm going to figure out why I get a chart upload error when I try to upload my charts. That really bugs me.

Quoting forexjedi
Here you go!
  • #912
  • Nov 17, 2008 12:50am Nov 17, 2008 12:50am
Quoting Siuol
Would someone be able to help me understand why I get an error when I try to upload my chart? The trendline is showing strong resistance but I don't want to just say that and not show a chart.
Are you clicking the manage attachments button and then uploading your screenshot?

What error are you getting?
  • #913
  • Nov 17, 2008 12:57am Nov 17, 2008 12:57am
heres a full zoomed out view of my TLs.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 25 KB
Stacking pips since 2002
  • #914
  • Nov 17, 2008 12:58am Nov 17, 2008 12:58am
I get an message that says "Upload of file error" I click on manage attachments and then I try to upload but it never attaches the chart.

Quoting eddiegrey
Are you clicking the manage attachments button and then uploading your screenshot?

What error are you getting?
  • #915
  • Nov 17, 2008 1:05am Nov 17, 2008 1:05am
Quoting Siuol
I get an message that says "Upload of file error" I click on manage attachments and then I try to upload but it never attaches the chart.

hmmmm

Manage Attachments -> Browse for the file -> Upload -> Close Window

Then you should have the attached file in your post. I don't know why it wouldn't upload unless it is a browser issue of some kind.

Looks like we're having the move we've been waiting for right now!
  • #916
  • Nov 17, 2008 1:10am Nov 17, 2008 1:10am
traders. Latest move confirms we have normal market movement back. Let wait for the price to move closer to the weekly pivot the wait for the bearish bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 14 KB
Stacking pips since 2002
  • #917
  • Nov 17, 2008 1:12am Nov 17, 2008 1:12am
Yes, those are the exact steps I take. Could it be my chart is larger than the size allowed? I don't see how that can be though. Yes, looks like a short is setting up. Let's see if I can make my -13 pips back on this short...if it sets up properly.

I figured it out. I had to change the file type. I attached my chart. Finally!!!

Quoting eddiegrey
hmmmm

Manage Attachments -> Browse for the file -> Upload -> Close Window

Then you should have the attached file in your post. I don't know why it wouldn't upload unless it is a browser issue of some kind.

Looks like we're having the move we've been waiting for right now!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 136 KB
  • #918
  • Nov 17, 2008 1:18am Nov 17, 2008 1:18am
Quoting Siuol
Yes, those are the exact steps I take. Could it be my chart is larger than the size allowed? I don't see how that can be though. Yes, looks like a short is setting up. Let's see if I can make my -13 pips back on this short...if it sets up properly.

I figured it out. I had to change the file type. I attached my chart. Finally!!!
You can also right click the chart and click Save Picture As and it will just get your chart. Saves as a gif I think.
  • #919
  • Nov 17, 2008 1:19am Nov 17, 2008 1:19am
hello FJ and everyone.

may we have a nice uptrend channel (green lines)

and the price will bounce there or already here at the trendline red, stoch start to cross, hope all have a nice tradingday and many $$
Attached Image (click to enlarge)
Click to Enlarge Name: 1117a.jpg Size: 335 KB
  • #920
  • Nov 17, 2008 1:19am Nov 17, 2008 1:19am
Thanks. I did not know that. Much easier that way.

Quoting eddiegrey
You can also right click the chart and click Save Picture As and it will just get your chart. Saves as a gif I think.
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