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The Force 5min system

  • #1,441
  • Nov 25, 2008 5:59am Nov 25, 2008 5:59am
Quoting forexjedi
ChowClown ive come to the conclusion that you broke the market. chart below.
...i'm in on the long, once they finally bounced the pivot (daily on my chart), tad hairy though ...will let this ride for now with stops at b/e to test any follow through.
  • #1,442
  • Nov 25, 2008 6:38am Nov 25, 2008 6:38am
Chow,

I cleaned the house on that one. I assume you did the same. Good work.


Quoting ChowClown
...i'm in on the long, once they finally bounced the pivot (daily on my chart), tad hairy though ...will let this ride for now with stops at b/e to test any follow through.
Stacking pips since 2002
  • #1,443
  • Nov 25, 2008 6:49am Nov 25, 2008 6:49am
Quoting forexjedi
Chow,

I cleaned the house on that one. I assume you did the same. Good work.
...that'll be you slaying your nemesis then
  • #1,444
  • Nov 25, 2008 5:20pm Nov 25, 2008 5:20pm
Nice day. Just been half an hour today, and +41 pips to the pocket.

Thanks FJ, and may the force be with all us tomorrow.
  • #1,445
  • Nov 25, 2008 6:34pm Nov 25, 2008 6:34pm
A few brave souls in the chat for the US afternoon session. I started watching from 17:00 gmt (London Close). 4 out of 5 signals good over next 4 hours running 50+ pips each finishing at the NYSE close 21:00 gmt.

forexjedi's system performing very well for us yet again...

http://xs433.xs.to/xs433/08482/eurus...heforce231.gif
  • #1,446
  • Nov 26, 2008 12:25am Nov 26, 2008 12:25am
My chart of TL for today
Attached Image (click to enlarge)
Click to Enlarge Name: force9.gif Size: 31 KB
Pivot Boss in the making~
  • #1,447
  • Nov 26, 2008 3:27am Nov 26, 2008 3:27am
I have taken the liberty to create a risk calculator for everyone. The calculator is set to 1% as this is the most anyone should risk. File attached.
Attached File(s)
File Type: xls risk calculator.xls   7 KB | 651 downloads
Stacking pips since 2002
  • #1,448
  • Nov 26, 2008 5:31am Nov 26, 2008 5:31am
Fairly boring day today. A lot of risky moves that I did not act on. Other trades to small to post as the were over before I got here. Lets see whats happens tomorrow.
Stacking pips since 2002
  • #1,449
  • Nov 26, 2008 6:42am Nov 26, 2008 6:42am
Thanks for all you do! See you tomorrow
  • #1,450
  • Nov 26, 2008 7:07am Nov 26, 2008 7:07am
Its my pleasure.

Quoting Patrick M
Thanks for all you do! See you tomorrow
Stacking pips since 2002
  • #1,451
  • Edited 9:15am Nov 26, 2008 7:29am | Edited 9:15am
Quoting robdee
A few brave souls in the chat for the US afternoon session. I started watching from 17:00 gmt (London Close). 4 out of 5 signals good over next 4 hours running 50+ pips each finishing at the NYSE close 21:00 gmt.

forexjedi's system performing very well for us yet again...
Hi Rob

I've been having severe (terminal!- no pun) pc problems so your Force summaries are invaluable.
Please continue to post them for the (UK)-US session. My normal day is UK+US and BTW I wish the thread used GMT times. FJ is a bit early for me!

NZ = GMT+13hours? wow. Hope I didn't wake you!

N
  • #1,452
  • Nov 26, 2008 10:10am Nov 26, 2008 10:10am
Hi, i took a short here.
1. Force Signals are all in place. Ma, Stoc cross and Macd.
2. Double top and inverted hammers.
3. Price couldn't break daily pivot and bounce of upper TL.


FJ, please correct me if i am wrong. And anything else i didnt see and left out?
Attached Image (click to enlarge)
Click to Enlarge Name: force11.gif Size: 22 KB
Pivot Boss in the making~
  • #1,453
  • Nov 26, 2008 11:51am Nov 26, 2008 11:51am
Quoting Nu2fx
...your Force summaries are invaluable. Please continue to post them for the (UK)-US session.
Thanks for your feedback Nu2fx. I like summaries too to get an overall idea of how a session went. I will continue to post a US afternoon session summary and make it as true to 'the force' basic rules as I can.

I would prefer that someone else post summaries for other trading sessions.
  • #1,454
  • Nov 26, 2008 3:17pm Nov 26, 2008 3:17pm
Thanks a lot FJ !

Quoting forexjedi
I have taken the liberty to create a risk calculator for everyone. The calculator is set to 1% as this is the most anyone should risk. File attached.
--L
  • #1,455
  • Edited 10:55pm Nov 26, 2008 8:59pm | Edited 10:55pm
We went into the session thinking pre-holiday would be fairly quiet. It was.

Euro rallied 'gently' for 4 hrs from London Close to NYSE Close. After NYSE close there was a small selloff of 25p.The most excitement was the first signal of the session, moved 50p in 40 mins.

An area of chop associated with flat macd gave us a couple of false sell signals on the way up. Again discretion, waiting to reach significant resistance is the way to go when looking for a reversal. This came later with the double top that came at 2918 and followed by a good sell signal.

http://xs433.xs.to/xs433/08483/eurus...heforce882.gif

Lessons I learned:

1. do not hesitate on the first signal of the US pm session, especially when coming off significant s/r

2. do not accept opposing signals without first seeing good evidence of s/r

3. when macd is neutral (flat), accept that when it finally moves away from neutral then that is the 'right' direction

4. bank half of the trade at 20 pips (or less), let the second half run, feels so good to get some profit banked and then have zero concern for the rest of the trade
  • #1,456
  • Nov 26, 2008 9:38pm Nov 26, 2008 9:38pm
Awesome Analysis Rob! You're really go into the depth we need to further advance the system! I'm sure FJ really appreciates these posts!
  • #1,457
  • Nov 26, 2008 9:39pm Nov 26, 2008 9:39pm
Quoting robdee
Lessons I learned:

1. do not hesitate on the first signal of the US pm session, especially when coming off significant s/r

2. do not accept opposing signals without first seeing good evidence of s/r

3. when macd is neutral (flat), accept that when it finally moves away from neutral then that is the 'right' direction

5. bank half of the trade at 20 pips (or less), let the second half run, feels so good to get some profit banked and then have zero concern for the rest of the trade
GREAT tips by the way!
  • #1,458
  • Nov 26, 2008 9:45pm Nov 26, 2008 9:45pm
Quoting forexjedi
Fairly boring day today. A lot of risky moves that I did not act on. Other trades to small to post as the were over before I got here. Lets see whats happens tomorrow.
I had a bad night last night. Really worked on my confidence at the time. I trade micro and it is prety small anyway but some trades I took just ripped it apart. Bad days come and go. I've really got to work on emotion, and I got a little sleep and feel much better about things today.
  • #1,459
  • Nov 26, 2008 11:11pm Nov 26, 2008 11:11pm
Jurn,

Looks like a solid trade to me. Where were your take profit levels?

Jedi


Quoting jurn_e2379127
Hi, i took a short here.
1. Force Signals are all in place. Ma, Stoc cross and Macd.
2. Double top and inverted hammers.
3. Price couldn't break daily pivot and bounce of upper TL.


FJ, please correct me if i am wrong. And anything else i didnt see and left out?
Stacking pips since 2002
  • #1,460
  • Nov 26, 2008 11:55pm Nov 26, 2008 11:55pm
FJ ... are these lines ok ?
Attached Image (click to enlarge)
Click to Enlarge Name: chart 4.gif Size: 22 KB
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