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The Force 5min system

  • #1,021
  • Nov 17, 2008 4:48am Nov 17, 2008 4:48am
Good day all, We have note that we have some differences on our pivot with diff brokers. this diff normally happens on monday as some brokers don't recognise the sunday candle. I have diff pivot points on alpari(live) and ibfx(demo) at this point, i will only take trade once we are free off those s/r as i type my alpari DPivot is at 1.2668 and the reason why the short as signal by ibfx is having some problem blasting south Will wait for clearer indices than flush my hard earned dollar into the water system
  • #1,022
  • Nov 17, 2008 4:50am Nov 17, 2008 4:50am
Wedged in a triangle.
Stacking pips since 2002
  • #1,023
  • Nov 17, 2008 4:51am Nov 17, 2008 4:51am
Jedi,

still ranging ya

zu
  • #1,024
  • Nov 17, 2008 4:54am Nov 17, 2008 4:54am
This bear candle could be the one we need.

Quoting zu si fu
Jedi,

still ranging ya

zu
Stacking pips since 2002
  • #1,025
  • Nov 17, 2008 5:00am Nov 17, 2008 5:00am
Almost stop out at 2698 and just took 6 pips profit.

Ranging between 2700 and 2655

zu
  • #1,026
  • Nov 17, 2008 5:06am Nov 17, 2008 5:06am
Quoting zu si fu
Almost stop out at 2698 and just took 6 pips profit.

Ranging between 2700 and 2655

zu
Short, 50% at 14 pips (it was meant to be 10 pips but it was too quick for me).
What you do is a reflection of you....what I do is a reflection of me.
  • #1,027
  • Nov 17, 2008 5:08am Nov 17, 2008 5:08am
Quoting Ezzy
Short, 50% at 14 pips (it was meant to be 10 pips but it was too quick for me).

Good pips

zu
  • #1,028
  • Nov 17, 2008 5:10am Nov 17, 2008 5:10am
Got stopped out.
What you do is a reflection of you....what I do is a reflection of me.
  • #1,029
  • Nov 17, 2008 5:11am Nov 17, 2008 5:11am
Sorry traders a bit of a slow day today. Tomorrow should be better.
Stacking pips since 2002
  • #1,030
  • Nov 17, 2008 5:21am Nov 17, 2008 5:21am
sell stop at 2652

zu
  • #1,031
  • Nov 17, 2008 5:24am Nov 17, 2008 5:24am
How do you figure the price will go bearish from there.

Quoting zu si fu
sell stop at 2652

zu
Stacking pips since 2002
  • #1,032
  • Nov 17, 2008 5:42am Nov 17, 2008 5:42am
FJ, does current price action look like another possible opportunity to go short, should the force criteria meet of course!
What you do is a reflection of you....what I do is a reflection of me.
  • #1,033
  • Nov 17, 2008 5:47am Nov 17, 2008 5:47am
Ezzy,

Theres almost no volume in the market right now. Im gonna hit it hard at the US seesion.


Quoting Ezzy
FJ, does current price action look like another possible opportunity to go short, should the force criteria meet of course!
Stacking pips since 2002
  • #1,034
  • Nov 17, 2008 6:15am Nov 17, 2008 6:15am
Fj

I waited for the recent retrace and took the short.

50% @10 pips
30% @20 pips
Letting the rest ride.

It has been a long night but worth the wait.
BTW thanks for the story earlier, every newbie should be reminded often of that story, including me.http://www.forexfactory.com/images/icons/icon6.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #1,035
  • Nov 17, 2008 6:25am Nov 17, 2008 6:25am
Ezzy good work. I like to see you guys posting trades here without me posting them first. Tells me you are all learning. Great work.


Quoting Ezzy
Fj

I waited for the recent retrace and took the short.

50% @10 pips
30% @20 pips
Letting the rest ride.

It has been a long night but worth the wait.
BTW thanks for the story earlier, every newbie should be reminded often of that story, including me.http://www.forexfactory.com/images/icons/icon6.gif
Stacking pips since 2002
  • #1,036
  • Nov 17, 2008 6:36am Nov 17, 2008 6:36am
Quoting forexjedi
How do you figure the price will go bearish from there.
Right now buy stop at 2659.Just now make 1st tradde 7 pips profit and 2 nd trade 23 pips profit.

Jedi,

Firstly it seem to ranging from 2700-2655 as i said earlier,from a trendline below cut with the horizontal trendline and 15 mintf was a valid entry at that time so i am looking to sell but i dont like drawdown and wanted momemtum must there so i sell at below 2655 at 2652.

When its break trendline nomally its retrace so i took profit from monitoring 1 min chart ,took 7 pips,from here i looked for enter short again and enter at 2600 and too 23 pips again.

Hope you understand my english and make sense.

Zu
  • #1,037
  • Nov 17, 2008 6:38am Nov 17, 2008 6:38am
Quoting zu si fu
Right now buy stop at 2659.Just now make 1st tradde 7 pips profit and 2 nd trade 23 pips profit.

Jedi,

Firstly it seem to ranging from 2700-2655 as i said earlier,from a trendline below cut with the horizontal trendline and 15 mintf was a valid entry at that time so i am looking to sell but i dont like drawdown and wanted momemtum must there so i sell at below 2655 at 2652.

When its break trendline nomally its retrace so i took profit from monitoring 1 min chart ,took 7 pips,from here i looked for enter short again and enter at 2600 and too 23...
typo reenter at 2650
  • #1,038
  • Nov 17, 2008 7:23am Nov 17, 2008 7:23am
hi,
i have tried this system and have gained about 400 pips since morning but i just want to say we should use williams %r for exit
use %r 21 period and then -80 and -20 levels if go long exit when % r comes below -20.
this is the way i made pips try out.
  • #1,039
  • Nov 17, 2008 8:26am Nov 17, 2008 8:26am
the eu trapped between the daily and weekly pivot. my last trade today +12, scare the pivot.

see you all tomorrow
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  • #1,040
  • Nov 17, 2008 9:01am Nov 17, 2008 9:01am
Morning guys!

I just took +11 pips on my first trade! Couldve taken more but price started to struggle around the1.2688 D_pivot on my Alpari chart. Trends drawn from last night are holding strong this morning.

Here is my chart.
Attached Image (click to enlarge)
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