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The Force 5min system

  • #1,421
  • Nov 24, 2008 7:50am Nov 24, 2008 7:50am
Quoting jurn_e
We miss you in the chat room Chow. More pros the better.
....enthusiastic amateur, at best
  • #1,422
  • Nov 24, 2008 8:22am Nov 24, 2008 8:22am
FJ

[BTW Thanks for going back to a white backround, so much clearer to read and easy to printout ]

I have been absent for a while so I'd appreciate a bit more info please.
Any chance you could post a few more examples same as in # 3 please especially as we've now added TLs and PPs? That visual was extremely helpful.

eg: Could you talk me through this 70pip+ example from this morning; the entry and final exit?
What was your SL to get past region A?

The biggest ongoing challenge I am seeing with The Force is placing meaningful TLs.
Attached Image (click to enlarge)
Click to Enlarge Name: FJ 70p.gif Size: 19 KB
  • #1,423
  • Nov 24, 2008 11:47am Nov 24, 2008 11:47am
I am still learning this system but still have questions. A big one for me is when the market is rebounding or bouncing off of a tl, how many bars back do we go for a cross of the 20 or 80 mark on the stoch? It seems we always go back a couple of bars, thanks people. Hope you guys are making some good money on the good upswing.

thanks,

simple
A woman drove me to drink, and I forgot to thank her
  • #1,424
  • Nov 24, 2008 1:39pm Nov 24, 2008 1:39pm
That was a pretty exciting night of trading! This system if fantastic and FJ is the best. Can't wait for more trading tonight

Tom
  • #1,425
  • Nov 24, 2008 7:19pm Nov 24, 2008 7:19pm
Quoting simpleguy
How many bars back do we go for a cross of the 20 or 80 mark on the stoch? It seems we always go back a couple of bars.
Hey Simple, I've been wondering the same thing. I agree there is 'usually' just a few candles between the stoch OS/OB condition and the valid entry signal.

When price is preparing to reverse there is often residual momentum that means there is several candles between the stoch crossover and the valid entry signal. As long as stoch has not run all the way across to the opposing OS/OB condition the force signal is still valid.

I also see more conservative entries later when momentum has fully reversed, each time stoch reaches the threshold a signal follows soon after.

That's how I see it as in the chart below...

http://xs433.xs.to/xs433/08481/eurus...heforce807.gif
  • #1,426
  • Nov 24, 2008 7:41pm Nov 24, 2008 7:41pm
Quoting ChowClown
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
Hope to see you in the chat soon mate http://www.forexfactory.com/images/icons/icon7.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #1,427
  • Nov 24, 2008 8:30pm Nov 24, 2008 8:30pm
We got some hidden Bullish divergence on the 5 Min here guys. Look for a push back to the long side.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
  • #1,428
  • Nov 24, 2008 8:48pm Nov 24, 2008 8:48pm
Ill take it

Quoting hard1head1
We got some hidden Bullish divergence on the 5 Min here guys. Look for a push back to the long side.

Jim
  • #1,429
  • Nov 24, 2008 11:36pm Nov 24, 2008 11:36pm
Lets make some pppppppppiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiips!
Stacking pips since 2002
  • #1,430
  • Nov 24, 2008 11:54pm Nov 24, 2008 11:54pm
Hi FJ,

Attached herewith Channel Line Indicator, pls check whether it help in our Force.
Attached File(s)
File Type: mq4 SHI_Channel.mq4   5 KB | 523 downloads
~~ Happy Trading ~~
  • #1,431
  • Nov 25, 2008 12:07am Nov 25, 2008 12:07am
morning to all- as this is my first post allow me to congtatulate fxjedi on a very reliable and fairly low risk system he shared with us all. One little addition id like to make is to tell you guys ive been testing and using the system on a 3 min timeframe. It puts me in on average 4-12 pips in advance and very seldom does the 3 min trigger without the 5 following trough. Just thought that as i gather o lotof folk takes 10 with 50%- it will make a huge difference if 50% can be taken at 15 pips. I olso saw that it allows for slightly better stops. anyway this is my little stream- good luck to all
  • #1,432
  • Nov 25, 2008 12:18am Nov 25, 2008 12:18am
Jedi,

This indi will alert when it comes within a predetermined # of pips of whatever TL you set.

Note: If you delete the TL from the chart, it will just re-appear later, like a ghost, and keep alerting you. A workaround is to left click your chart, choose indicators, and delete the indicator from your chart. Then, replace it with your new indicator.

Also, it is preset with a 5 pip alert range, meaning it alerts you when you come within 5 pips. To change this number, you have to do it in the indicator settings, you can not double click the TL itself to change this.

Cheers.
Attached File(s)
File Type: mq4 TLine Alert.mq4   2 KB | 589 downloads
  • #1,433
  • Nov 25, 2008 1:01am Nov 25, 2008 1:01am
I have taken a short position anticipating that this long bull move from yesterday is over. Lets see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 17 KB
Stacking pips since 2002
  • #1,434
  • Nov 25, 2008 1:21am Nov 25, 2008 1:21am
Bears are making some good progress here. Bounce of the weekly pivot in progress at the moment. I will hold my position for now.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 21 KB
Stacking pips since 2002
  • #1,435
  • Nov 25, 2008 2:57am Nov 25, 2008 2:57am
Pretty good short trade in progress. Lets see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
  • #1,436
  • Nov 25, 2008 3:24am Nov 25, 2008 3:24am
Chow if your around, I hope that your not missing this, we are having a couple of good trades
What you do is a reflection of you....what I do is a reflection of me.
  • #1,437
  • Nov 25, 2008 3:34am Nov 25, 2008 3:34am
Quoting Ezzy
Chow if your around, I hope that your not missing this, we are having a couple of good trades
Hey Ezzy,

...i'm here and watching atm, the short FJ called was a beauty (i wasn't around to trade it)...good stoch divergence before the signal to enter with confidence and bullish divergence building now I see.

Hope you and the room are raking in the pips
  • #1,438
  • Edited 3:57am Nov 25, 2008 3:47am | Edited 3:57am
We wait for a setup now. Bulls may not se it worth while to go long due to upper resistance and bears seem detered by support TL below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #1,439
  • Edited 5:00am Nov 25, 2008 4:29am | Edited 5:00am
Oh weekly R1 my nemesis. I will break you! Short trying to pass the weekly pivot. Give up bulls its not going to happen.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 16 KB
Stacking pips since 2002
  • #1,440
  • Nov 25, 2008 5:37am Nov 25, 2008 5:37am
ChowClown ive come to the conclusion that you broke the market. chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minchartnew.gif Size: 15 KB
Stacking pips since 2002
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