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The Force 5min system

  • #1,301
  • Nov 19, 2008 8:14pm Nov 19, 2008 8:14pm
adminmailfx,

The setup we look for is for entry only. Its doeant matter what the indicators do after were in a position. Once a position is established the trade is carried based on price action only. Therefore once in a position if the stochs move into any oversold/ovebought area the MAs cross or the macd flips it doesnt matter. I hope this helps and please feel free to post anymoe question you may have.

FJ

Quoting adminmailfx
ForexJedi,

Did you enter a long position when the candles touched the lower TL
I had taken position on the second bull candle after the MA cross but exited because I think I went slightly against the rule in that stochastics were overbought - I'm still learning your system

Just wanted to clarify if I followed correctly.

Thank you for your help on this - also I take it that we will wait for it
to touch upper TL for Short move provided all other conditions are aligned

Regards
Stacking pips since 2002
  • #1,302
  • Nov 19, 2008 8:26pm Nov 19, 2008 8:26pm
Eddiemiller,

Post 1 and 238 include the rules and indicators. Chat access is post 1298.

FJ

Quoting eddiemiller
... sorry if this seems like a silly question and I am sure I have missed it.... is there a template/indi's/rules for this.... I cant see for looking.

Many thanks for any help in advance...

Eddie
Stacking pips since 2002
  • #1,303
  • Nov 19, 2008 8:30pm Nov 19, 2008 8:30pm
Traders,

Tonight we will again patiently wait for the proper setup and work on the idea of holding a position to the most pips possible from our trade. I also be answering all the questions I can and be making comments on the market movement real time to aid people in understanding why the market is moving the way it is. Post 1298 details chat access. Thanks Eddie!

FJ
Stacking pips since 2002
  • #1,304
  • Nov 19, 2008 9:03pm Nov 19, 2008 9:03pm
Quoting forexjedi
Traders,

Tonight we will again patiently wait for the proper setup and work on the idea of holding a position to the most pips possible from our trade. I also be answering all the questions I can and be making comments on the market movement real time to aid people in understanding why the market is moving the way it is. Post 1298 details chat access. Thanks Eddie!

FJ
FJ thanks for your great work yesterday in the chat and thanks Eddie for putting the chat on.
Looking at the chart today, i m not so sure where to put significant trendlines. Can u please show a chart here with ure TL's on?
  • #1,305
  • Nov 19, 2008 10:43pm Nov 19, 2008 10:43pm
bounced of lower TL looking like a buy?
  • #1,306
  • Nov 19, 2008 10:47pm Nov 19, 2008 10:47pm
waiting for the 5min to close saves your bacon.... old days I would have brought that......
  • #1,307
  • Nov 19, 2008 10:48pm Nov 19, 2008 10:48pm
h3 chart zoomed
we already have a tweeter bottom
Attached Image (click to enlarge)
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  • #1,308
  • Nov 19, 2008 11:32pm Nov 19, 2008 11:32pm
A long position has been taken on a bullish bouce of te lower TL.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 14 KB
Stacking pips since 2002
  • #1,309
  • Nov 19, 2008 11:37pm Nov 19, 2008 11:37pm
I banked 5pips .... starting to look like a sell.
  • #1,310
  • Nov 19, 2008 11:38pm Nov 19, 2008 11:38pm
I was watching that 500 level... main trend is still down.
  • #1,311
  • Nov 19, 2008 11:47pm Nov 19, 2008 11:47pm
I've been sitting here for a little over an hour working on a demo acct trying to learn this system. I have not seen a valid trade, am I correct or what did I miss?

thanks
A woman drove me to drink, and I forgot to thank her
  • #1,312
  • Nov 19, 2008 11:49pm Nov 19, 2008 11:49pm
War between the bulls and bears. Lets see who wins. I am still long because of the longer support below dating back as far as two years.
Attached Image (click to enlarge)
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Stacking pips since 2002
  • #1,313
  • Nov 19, 2008 11:51pm Nov 19, 2008 11:51pm
my tls zoomed out...
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  • #1,314
  • Nov 19, 2008 11:57pm Nov 19, 2008 11:57pm
FJ yes very nice but there is a lot of support right down to 11638.

Go the bulls
  • #1,315
  • Nov 20, 2008 12:02am Nov 20, 2008 12:02am
The bulls are putting up a great battle. Sill long. Could see this turning into a upward channel. Lets see what happens. 50% close at 15 pips.
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Stacking pips since 2002
  • #1,316
  • Nov 20, 2008 12:10am Nov 20, 2008 12:10am
FJ,

Love your system... thanks.

As we are talking about support and resistance levels is it OK to talk about levels which have not been discussed? I use daily resistance levels both long and short ... ABC's or 123's using the daily chart. like 100% of the last daily range etc? I am in no way changing your system etc but I like and use these levels becasue they are concrete... everyone can see them and I know that the pro's use these levels?

any way just my 5cents.
Most reversals are close to these levels.
I would like to show a chart or two of these levels to see what you think... just talk suport and resistance only?
  • #1,317
  • Nov 20, 2008 12:11am Nov 20, 2008 12:11am
are you looking at the 12622 and 12625 level? very strong in my book.
  • #1,318
  • Nov 20, 2008 12:25am Nov 20, 2008 12:25am
I think we may be looking at another long position comments?

12510 is 75% of the last daily range short.

12625 is 50% of the last daily range short
12622 is 50% of the last daily range long from the current low at 12472.

I only look for levels like this, when they are on reistance or support levels.

12527 is a strong resitance level from high and lows
  • #1,319
  • Nov 20, 2008 12:29am Nov 20, 2008 12:29am
Both should affect this pair,

2:00am EURhttp://www.forexfactory.com/images/m...act_medium.gifGerman PPI m/m
http://www.forexfactory.com/images/m...dar_detail.gif
-0.6%0.3%
2:15am CHFhttp://www.forexfactory.com/images/m...impact_low.gifTrade Balance
http://www.forexfactory.com/images/m...dar_detail.gif
1.30B1.46Bhttp://www.forexfactory.com/images/m...us_revised.gif

So be careful.

Jim
  • #1,320
  • Nov 20, 2008 12:32am Nov 20, 2008 12:32am
ha very good.... thanks.
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