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The Force 5min system

  • #1,401
  • Nov 24, 2008 1:30am Nov 24, 2008 1:30am
The price has pushed on the daily uptrend and seems to have created new support. I will hold this position at 10%. The rest has been closed for some good profit.
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Stacking pips since 2002
  • #1,402
  • Nov 24, 2008 1:54am Nov 24, 2008 1:54am
The bear move continues. Will keep my original target of 2460 area. I expect this could happen by the end of the US session.
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Stacking pips since 2002
  • #1,403
  • Nov 24, 2008 2:12am Nov 24, 2008 2:12am
Bears are still in control. London has now opened. Lets see what happens. +70 pips for now. Holding position.
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Stacking pips since 2002
  • #1,404
  • Nov 24, 2008 2:18am Nov 24, 2008 2:18am
fj - can you explain why you think the price will go to the 2460 area? Arent there several support points that need to be broken before price goes that low?
  • #1,405
  • Nov 24, 2008 3:06am Nov 24, 2008 3:06am
Still holding this position. At the moment there is no reason in sight to that this move is over. Go bears.
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Stacking pips since 2002
  • #1,406
  • Nov 24, 2008 3:25am Nov 24, 2008 3:25am
Quoting Patrick M
fj - can you explain why you think the price will go to the 2460 area? Arent there several support points that need to be broken before price goes that low?
See jedi's comment in post 1400.
  • #1,407
  • Nov 24, 2008 3:41am Nov 24, 2008 3:41am
Out delivering donuts and piling up pips on the E/U this morning. Looks like you guys have been doing good also, keep up the good work. By the way, this is a nice little system here, I like the hands on stuff.

About the Trail E.A., I always respect the Author of the Thread and I need his permission to post it on this thread. If FJ says its ok, I will post it and the directions on how to use it. It is flawless and I have been using it for about a year.

Jim
  • #1,408
  • Nov 24, 2008 3:48am Nov 24, 2008 3:48am
Until we get some good news releases, we may see this thing channel between the .2570 area up to the R1 Pivot Point, ( 1.2669 ).

Jim
  • #1,409
  • Nov 24, 2008 3:51am Nov 24, 2008 3:51am
Meant to post a picture with that last post guys, sorry.
Jim
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  • #1,410
  • Nov 24, 2008 3:53am Nov 24, 2008 3:53am
H,

Feel free to post the trail EA.

Quoting hard1head1
Out delivering donuts and piling up pips on the E/U this morning. Looks like you guys have been doing good also, keep up the good work. By the way, this is a nice little system here, I like the hands on stuff.

About the Trail E.A., I always respect the Author of the Thread and I need his permission to post it on this thread. If FJ says its ok, I will post it and the directions on how to use it. It is flawless and I have been using it for about a year.

Jim
Stacking pips since 2002
  • #1,411
  • Nov 24, 2008 4:13am Nov 24, 2008 4:13am
Here is the Trail and I will explain thoroughly. You need to drop the E.A. into the experts folder of MT4 and restart your platform, and I know you probably know that. This is a Pip for Pip Trail, and the common tab must be set to allow live trading. Under the input tab you have 2 different stops. The reason for this is if you want to place 2 pending trades 1 long and 1 short you can load them both. I just use the 1st one labeled "Ticket one". You must always load a hard stop in first just to be safe. In the "Ticket One" spot you type in the ticket order number of your trade and under "Trail Stop One" you put the size of your stop. Make sure your expert advisor button is on and your ready to go. I never trust E.A.'s 100% so what I do is I set my hard stop 5 pips behind my trail, this way you can see if it is working right away as it will adjust immediately when the price moves. Its a very cool E.A. and its clean also. Any more questions, just ask or email me.

Jim
Attached File(s)
File Type: ex4 TrailStop.ex4   6 KB | 659 downloads
  • #1,412
  • Nov 24, 2008 4:23am Nov 24, 2008 4:23am
Thanks hh
What you do is a reflection of you....what I do is a reflection of me.
  • #1,413
  • Nov 24, 2008 4:28am Nov 24, 2008 4:28am
R1 is prooving to be very formidable right now.

Jim
  • #1,414
  • Nov 24, 2008 4:29am Nov 24, 2008 4:29am
Thanks. Merci.
Pivot Boss in the making~
  • #1,415
  • Edited 5:13am Nov 24, 2008 4:57am | Edited 5:13am
The bulls made a fierce fight back taking 100% of their territory on the last bear move. I closed my last 10% at 40 pips. I have re-taken a short position from a bounce of lon term resistance. Lets see what happens.

edit: 50% at 10 pips. Closed the rest at BE. Bulls!
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Stacking pips since 2002
  • #1,416
  • Edited 5:43am Nov 24, 2008 5:27am | Edited 5:43am
Quoting forexjedi
edit: 50% at 10 pips. Closed the rest at BE. Bulls!
You did well there, FJ. My platform only gave 3 +ve pips after entry, so would've been a loser if i'd have taken it.

I didn't take the signal because of the bull flag....was tempted for a while though thinking they might reject R1 again.
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  • #1,417
  • Nov 24, 2008 6:05am Nov 24, 2008 6:05am
Chow,

Almost lost my lunch on that ride. lol

Quoting ChowClown
You did well there, FJ. My platform only gave 3 +ve pips after entry, so would've been a loser if i'd have taken it.

I didn't take the signal because of the bull flag....was tempted for a while though thinking they might reject R1 again.
Stacking pips since 2002
  • #1,418
  • Nov 24, 2008 6:07am Nov 24, 2008 6:07am
Hey chow, don't see you in the chat room, how come?
What you do is a reflection of you....what I do is a reflection of me.
  • #1,419
  • Nov 24, 2008 6:27am Nov 24, 2008 6:27am
Quoting Ezzy
Hey chow, don't see you in the chat room, how come?

Hi Ezzy, i'm trading away from home atm and all messaging/chat is blocked in this office unfortunately. My wife uses the home office PC most of the time, so i'm unable to login remotely to get around the block.

Trust everyone's doing well in there
  • #1,420
  • Nov 24, 2008 7:36am Nov 24, 2008 7:36am
We miss you in the chat room Chow. More pros the better.
Pivot Boss in the making~
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