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The Force 5min system 3,806 replies

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5Min Intraday System

Nice triangle being build - just too late in the day for me but I just couldn't resist the temptation to take 10pips profit. These are the types of setups I am looking for during the London and early NY sessions. Not just a pullback into the war zone. I like specific patterns like this with the pullbacks
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Willem Forex recipe for success = Patience, discipline & hard work.
Quoting bshadroo
why #2 didnt workout?!!
I remember Golfer's words about activity in the other site of 21 EMA and big bearish candles, those would be the warning signs in my opinion.
I must admit that powercandle after tail is tempting and maybe it made you ignore the points mentioned.
Greetings.
that was only a tail above 21 (for testing the TL)and when willem speaks about "activities in the wrong side" i think he means some closes and remaining price on the wrong side for a few candles .
10pips
willem :look at the pinbar bouncing off the TL
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I saw this setup and decided it is not me.
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Willem Forex recipe for success = Patience, discipline & hard work.
A pennant breakout trade for 10pips - didn't wait for the pullback.
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Willem Forex recipe for success = Patience, discipline & hard work.
Despite the close under the moving average, I like the hammer and smooth action on the MACD. +10 pips
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My triangle breakout trade on EY for 12pips.
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Willem Forex recipe for success = Patience, discipline & hard work.
Quoting Golfer
Hi Mx

Wellcome back - long time no see.

See my comments on your chart as well.
Thanks for the reply Willem, youre absolutely right about that setup... I guess I wanted to trade so badly that I fell in love with the tc, time to work on my emotions... Good to be back trading, I hope I can post some succesful trades this week!
Here is a trade I learned from Willem. I just hope I did it enough justice. It worked out for 10 pips. It was an ascending triangle. I did not wait for the candle to close once it broke resistance.
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I don't whether you'd call it three little sisters or a reverse church. But even though it was late I took it for +12 pips. As a footnote the SPY had started breaking down as well as eu.
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Quoting Morelands
Here is a trade I learned from Willem. I just hope I did it enough justice. It worked out for 10 pips. It was an ascending triangle. I did not wait for the candle to close once it broke resistance.
Yes, nice one. If the triangle is that prominent, I also don't wait for a pullback but enter on the breakout.

Did you see the SHS (head and shoulders) formation being formed? That is why I wouldn't consider taking (long trade) the next setup being formed.

Not according to the 5min rules but I took the EY's SHS (short trade) for a few pips (CT trading - not part of Phillip's system). My initial aim was 40pips but I had to go out with the wife.
Willem Forex recipe for success = Patience, discipline & hard work.
Quoting mdowd
I don't whether you'd call it three little sisters or a reverse church. But even though it was late I took it for +12 pips. As a footnote the SPY had started breaking down as well as eu.
No, it is not really a Reverse chuch because we don't have flat area (church building). It is defintely a 3 little sisters formation with a classic 2-candle entry.

For Bs, it is a nice tail but not really a pinbar according to the rules. But very tradeable.

Well done
Willem Forex recipe for success = Patience, discipline & hard work.
uj
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-15pips
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Quoting bshadroo
-15pips
My comments on the chart - I won't consider the next setup as well because of the tails in the circles.

I'll rather trade the triangle right now.
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Willem Forex recipe for success = Patience, discipline & hard work.
Quoting Golfer
My comments on the chart - I won't consider the next setup as well because of the tails in the circles.

I'll rather trade the triangle right now.
look at the red TL in H4 chart ,i knew it was there but i thought price can break it after yhat powerfull H1 candle
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Now that I have moved, I had to go talk to the new cardiologist. Again it looks while I was away, a lot of good trades hit EU, GB, and EJ. Maybe something good will hit tomorrow.
10pips
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Just made the 10 pips.
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