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The Force 5min system

  • #1,461
  • Nov 27, 2008 12:31am Nov 27, 2008 12:31am
Quoting robdee
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...

hi robdee,

thats nice your recap of the last night.
thanks for this work I appreciate it.

now to the 3 signals, there are very nice pick , only this is so difficult, the first 2 signals I think only veteran trader have the knowledge to take this trades, the first one there is no signal, that will be long before, and now at the entry the stoch go already in the OB area and it is at a resistance also, so I don't think many trader would take this trade.
the second one is in an area where the macd is very flat and we stay in a very small range last 2 hours, no break so I also think this trade not easy to decide.
the last trade is a textbook entry very nice signal and after bounce from DT, year thats a 110% nice trade , every day one of this setup and we have done.

please don't missunderstand, this is not bad criticism only positiv ,this is my 2 cents for your wonderful work , go ahead and I will try to tell you what I think from the setups, and how many real signal from this system I see

cheers
  • #1,462
  • Nov 27, 2008 12:35am Nov 27, 2008 12:35am
47 pips for the week. I am thankful that forexjedi shared his trading plan with us. HAPPY THANKSGIVING to all!
  • #1,463
  • Nov 27, 2008 1:04am Nov 27, 2008 1:04am
Hi traders,

We will wait till London open today to trade due to US Banks closed for thanksgiving. Also Happy thanksgiving to all those members in the USA.

FJ
Stacking pips since 2002
  • #1,464
  • Nov 27, 2008 1:08am Nov 27, 2008 1:08am
Patrick,

Happy to hear about the pips although im not surprised (written in humble manner ). Keep at. Soon 47 pips will be nothing.

FJ

Quoting Patrick M
47 pips for the week. I am thankful that forexjedi shared his trading plan with us. HAPPY THANKSGIVING to all!
Stacking pips since 2002
  • #1,465
  • Nov 27, 2008 2:34am Nov 27, 2008 2:34am
Nice bull trade of the bottom TL entered. Alread closed 80% for some nice pips. Look out bears its going to be a rough day.
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Stacking pips since 2002
  • #1,466
  • Nov 27, 2008 3:23am Nov 27, 2008 3:23am
Quoting forexjedi
Nice bull trade of the bottom TL entered. Alread closed 80% for some nice pips. Look out bears its going to be a rough day.
thanks for teaching the TL advanced entries in the chat, I already made some nice pips using this great system
  • #1,467
  • Nov 27, 2008 3:39am Nov 27, 2008 3:39am
We made some really great pips today although its a thanksgiving holiday.

THANKS FJ for GIVING!!
Pivot Boss in the making~
  • #1,468
  • Nov 27, 2008 3:49am Nov 27, 2008 3:49am
Speaking of Thanksgiving. This is the trade that keeps on giving.. and giving... and giving. I will hold this position till the bitter end.
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Stacking pips since 2002
  • #1,469
  • Nov 27, 2008 4:01am Nov 27, 2008 4:01am
Chow,

I know your in on this trade wherever you are!
Stacking pips since 2002
  • #1,470
  • Nov 27, 2008 4:11am Nov 27, 2008 4:11am
ForexJedi

After a number of profitable nights, up 70 pips tonight, and still going.!!

Its been a great week and a half, with not only a great system, but also a good mentor with lots of patience.

Once again FJ, a tonne of thanks for the help, patience and teachings.

Your tops mate!!http://www.forexfactory.com/images/icons/icon14.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #1,471
  • Nov 27, 2008 4:21am Nov 27, 2008 4:21am
Quoting robdee

Lessons I learned:

3. when macd is neutral (flat), accept that when it finally moves away from neutral then that is the 'right' direction
Hi forexjedi
Been very quiet as I've finally had enough of previous broker and have been opening new accounts and getting funds transferred.

Anyway further to the comment by robdee and I'd like your opinion/thoughts on this.

For buys, if macd is above waterline/0 and was green changed to red and you get a move back to green and a signal on stoch/ema's it often leads to a big move.

Opposite for sells macd below 0 was red, green then red again with signal.

Something to consider.
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  • #1,472
  • Nov 27, 2008 4:25am Nov 27, 2008 4:25am
Vantage,

I really enjoy reading your posts because you always make ggod points. This has already been considered but I also appreaciate you bringing it up. What you mention are valid signals I trade on a regular basis. Nice to hear from you.

FJ

Quoting Vantage
Hi forexjedi
Been very quiet as I've finally had enough of previous broker and have been opening new accounts and getting funds transferred.

Anyway further to the comment by robdee and I'd like your opinion/thoughts on this.

For buys, if macd is above waterline/0 and was green changed to red and you get a move back to green and a signal on stoch/ema's it often leads to a big move.

Opposite for sells macd below 0 was red, green then red again with signal.

Something to consider.
Stacking pips since 2002
  • #1,473
  • Nov 27, 2008 4:30am Nov 27, 2008 4:30am
Quoting forexjedi
Vantage,

What you mention are valid signals I trade on a regular basis.
FJ
Why am I not surprised???
  • #1,474
  • Nov 27, 2008 4:31am Nov 27, 2008 4:31am
Hi what u said is quite true. I think the price is testing support before it goes back up again. Which is why the Macd color change.





Quoting Vantage
Hi forexjedi
Been very quiet as I've finally had enough of previous broker and have been opening new accounts and getting funds transferred.

Anyway further to the comment by robdee and I'd like your opinion/thoughts on this.

For buys, if macd is above waterline/0 and was green changed to red and you get a move back to green and a signal on stoch/ema's it often leads to a big move.

Opposite for sells macd below 0 was red, green then red again with signal.

Something to consider.
Pivot Boss in the making~
  • #1,475
  • Nov 27, 2008 4:33am Nov 27, 2008 4:33am
Good point, that is what we call a T/C or Trend Continuation move off the MACD. It is quite possible we could see a lot of these.

Jim

Quoting Vantage
Hi forexjedi
Been very quiet as I've finally had enough of previous broker and have been opening new accounts and getting funds transferred.

Anyway further to the comment by robdee and I'd like your opinion/thoughts on this.

For buys, if macd is above waterline/0 and was green changed to red and you get a move back to green and a signal on stoch/ema's it often leads to a big move.

Opposite for sells macd below 0 was red, green then red again with signal.

Something to consider.
  • #1,476
  • Nov 27, 2008 4:44am Nov 27, 2008 4:44am
Quoting forexjedi
Chow,

I know your in on this trade wherever you are!
Morning Sir,

Yes, a very nice move with the 'flow' out of the London starting blocks....nice add on opportunity (as Vantage pointed out below)...and who knows, there could be plenty of gas left in the tank yet.

I'm hoping to have access to the room here soon, grinding the IT guys down ...sounds like you and the guys/gals are having a blast in there
  • #1,477
  • Nov 27, 2008 4:55am Nov 27, 2008 4:55am
We r waiting for u here Chow!!!


Quoting ChowClown
Morning Sir,

Yes, a very nice move with the 'flow' out of the London starting blocks....nice add on opportunity (as Vantage pointed out below)...and who knows, there could be plenty of gas left in the tank yet.

I'm hoping to have access to the room here soon, grinding the IT guys down ...sounds like you and the guys/gals are having a blast in there
Pivot Boss in the making~
  • #1,478
  • Nov 27, 2008 8:31am Nov 27, 2008 8:31am
Great thread you have here, thanks, forexjedi .

One question, please : somewhere after the original simple method in post #1 and the advanced method in post #238, you mentioned a "third level" using intrabar entries : did you ever introduce / discuss this, as I seem to have missed it as I waded through the thread ?

Happy Thaksgiving to one & all.

J.
  • #1,479
  • Nov 27, 2008 8:41am Nov 27, 2008 8:41am
Quoting jtrade
Great thread you have here, thanks, forexjedi .

One question, please : somewhere after the original simple method in post #1 and the advanced method in post #238, you mentioned a "third level" using intrabar entries : did you ever introduce / discuss this, as I seem to have missed it as I waded through the thread ?

Happy Thaksgiving to one & all.

J.
...i've missed this too. Perhaps it has been discussed in the room?? I'm all ears
  • #1,480
  • Nov 27, 2008 12:07pm Nov 27, 2008 12:07pm
Ihave been trading this system for only two days and enjoying my pips-Thank you forexjedi and all others that contribute to this thread. I understand there is a chat room-can somone point me in the right direction-thank you all and Have A Fanastic Thanksgiving!!
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