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The Force 5min system

  • #1,361
  • Nov 20, 2008 10:44pm Nov 20, 2008 10:44pm
Hey Guys,

Good luck tonight! I won't be in the chatroom because it is blocked here at work. Tonight is the first night I've been back to work since starting the chatroom. I'll be on in the morning for US open. I'll also hang around here tonight. Looking forward to your charts.

Eddie
  • #1,362
  • Nov 20, 2008 10:55pm Nov 20, 2008 10:55pm
I had a question about a setup I was looking at earlier. I'm wondering if I could have spotted this a little better with candle analysis?

http://www.forexfactory.com/attachme...2&d=1227215087

That was the bottom support tl from earlier today about 0345 est.

Thanks,
Ed
  • #1,363
  • Nov 20, 2008 11:04pm Nov 20, 2008 11:04pm
Thanks to forexjedi, eddiegrey and all 'the force' traders. The chat room last night was great.

As I have been learning to apply the force rules I have noticed a bounce pattern that seems quite typical and I'm sure many have noticed it. Today's bounce from the new week low is a good example...

http://xs433.xs.to/xs433/08474/eurus...heforce280.gif

Seeing a retrace after the first signal that includes a brief period when stochs are oversold looks to me like a good entry opportunity?
  • #1,364
  • Nov 20, 2008 11:20pm Nov 20, 2008 11:20pm
Hi FJ,

Is this the way today TL going to be ?
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~~ Happy Trading ~~
  • #1,365
  • Nov 20, 2008 11:23pm Nov 20, 2008 11:23pm
Simple,

Thanks for the complements. Treat the system well and never change it.

Jedi


Quoting simplefx143
Just wanted to thank you, ForexJedi. I praise your system and give you the highest kudos possible for all the work you've done on it. Simple and efficient. Making money left and right... or rather up and down... Can't say enough good things... And thanx for showing us. May The Force Be With You!!

Tom
Stacking pips since 2002
  • #1,366
  • Nov 21, 2008 1:06am Nov 21, 2008 1:06am
The price is moving into a nice area for a short. Lets see what happens. The price has failed to clear the upper on a re-test and has also formed a new resistance TL.
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Stacking pips since 2002
  • #1,367
  • Nov 21, 2008 1:44am Nov 21, 2008 1:44am
A short position has been taken. Im with the bears tonight. Go bears!! Many factors have made this happen. Including the bounce of the upper TL 123 pattern and end of the 5th wave.
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Stacking pips since 2002
  • #1,368
  • Nov 21, 2008 2:24am Nov 21, 2008 2:24am
Closed 50% at 10 pips. Closed 50% at BE. Bulls have power with a nice lowe TL.
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  • #1,369
  • Nov 21, 2008 2:26am Nov 21, 2008 2:26am
Quoting forexjedi
A short position has been taken. Im with the bears tonight. Go bears!! Many factors have made this happen. Including the bounce of the upper TL 123 pattern and end of the 5th wave.
Morning all,

...still in the short FJ?

Edit:...cross post. Nice one FJ.
  • #1,370
  • Nov 21, 2008 2:44am Nov 21, 2008 2:44am
The bigger picture of todays TLs. Crazy fridays. Lets see what happens.
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  • #1,371
  • Nov 21, 2008 2:57am Nov 21, 2008 2:57am
ForexJedi,

Thanks a lot for sharing your trading method. It's definitely a great way to find out if a support-resistance will hold.

Here's a possible long setup at the lower trendline. I might trade it with 1.2591 as target if 1.2535-44 is taken out.
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  • #1,372
  • Nov 21, 2008 3:05am Nov 21, 2008 3:05am
Is this geometry? So much lines. I can hardly find price. lol

Quoting Mike32
ForexJedi,

Thanks a lot for sharing your trading method. It's definitely a great way to find out if a support-resistance will hold.

Here's a possible long setup at the lower trendline. I might trade it with 1.2591 as target if 1.2535-44 is taken out.
  • #1,373
  • Nov 21, 2008 3:07am Nov 21, 2008 3:07am
Quoting timex83
Is this geometry? I can hardly find price. lol
Not allowed to talk about other indicators sorry but something I use to define support/resistance levels (works great for me).
  • #1,374
  • Nov 21, 2008 3:11am Nov 21, 2008 3:11am
Quoting Mike32
ForexJedi,

Thanks a lot for sharing your trading method. It's definitely a great way to find out if a support-resistance will hold.

Here's a possible long setup at the lower trendline. I might trade it with 1.2591 as target if 1.2535-44 is taken out.
Mate with all respect , but this is messy
All the best
Jack
  • #1,375
  • Nov 21, 2008 3:13am Nov 21, 2008 3:13am
Quoting Mike32
Not allowed to talk about other indicators sorry but something I use to define support/resistance levels (works great for me).
...interesting, would you mind posting the Gann (i'm assuming it's Gann) indicator?...i'd like to see how the Force signals correlate.
  • #1,376
  • Edited 3:54am Nov 21, 2008 3:16am | Edited 3:54am
Quoting jackfx
Mate with all respect , but this is messy
All the best
Jack
Mate, with all respect, it wasn't my intention to speak about my own personnal chart setup, but just to signal a possible buy setup and to thank Jedi for his thread as he gave me something I was missing. Didn't want to erase all line and redraw them, sorry, if it looks messy... But that's the reason why the trendline is bold and in yellow... Anyway, the stochs wasn't OS so no trade for the moment for me... Yes, Chow, it's SQ9...
  • #1,377
  • Nov 21, 2008 3:19am Nov 21, 2008 3:19am
Quoting Mike32
Mate, with all respect, it wasn't my intention to speak about my own personnal chart setup, but just to signal a possible buy setup and to thank Jedi for his thread. That's the reason why the trendline is bold and in yellow... Anyway, the stochs wasn't OS so no trade for the moment... Yes, Chow, it's SQ9...
Thanks, Mike, will take a closer look....as a side project
  • #1,378
  • Nov 21, 2008 3:43am Nov 21, 2008 3:43am
... marvellous...this is making my Friday
  • #1,379
  • Nov 21, 2008 3:56am Nov 21, 2008 3:56am
A little late getting this one posted. Im back on the side of the bulls. Go bulls! Already took 2 profit on this one. 50% at 10 pips and 30% at 30 pips. Let the rest ride.
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  • #1,380
  • Nov 21, 2008 4:07am Nov 21, 2008 4:07am
The best crazy friday trade in a little while is in progress here. Gonna hold this for as long as possible. Price didnt even notice the weekly pivot. USD getting spanked.
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