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The Force 5min system

  • #1,661
  • Dec 7, 2008 12:37pm Dec 7, 2008 12:37pm
Thanks. Another excellent review using the Force. It shows how reliable this system is.
And also practical example on divergences occurence in price and stoch.
Pivot Boss in the making~
  • #1,662
  • Edited 1:00pm Dec 7, 2008 12:45pm | Edited 1:00pm
Quoting jurn_e
Thanks. Another excellent review using the Force. It shows how reliable this system is.
And also practical example on divergences occurence in price and stoch.
Oh, yes.

Very useful the divergences, especially if used in combination with a system as this.




P.S. : I have attached a .pdf on the hidden divergence found on another forum
Attached File(s)
File Type: pdf Hidden Divergence.pdf   245 KB | 2,080 downloads
  • #1,663
  • Dec 7, 2008 1:39pm Dec 7, 2008 1:39pm
Hey Stark,

Thanks, i actually have that article but its nice of you to share it with everyone here.

I have this pic as my wallpaper, just to give some life to my pc.


Quoting stark
Oh, yes.

Very useful the divergences, especially if used in combination with a system as this.
Attached Image
Pivot Boss in the making~
  • #1,664
  • Dec 7, 2008 2:11pm Dec 7, 2008 2:11pm
Amber,

Everyone is welcome to join this thread as long as they take it seriously and keep it to the system. Also please join us in the chat. The chatroom URL is in my signature located below.

FJ

Quoting amberfm
Hi Fj and everybody,,,

Thank you FJ and members for this nice topic.
I have been reading the thread for about a week and i came to alot of answers to my questions about FX trading.
Pls i would like you all to accept me as a member in here and i will be posting my testing charts and results.
The only thing that i feel is difficualt that i cant monitor the market closly as i am not full time trader, but i hope i can do that in the US session for about 4 hours daily as FJ said

thanks once again
Stacking pips since 2002
  • #1,665
  • Edited 7:00pm Dec 7, 2008 2:14pm | Edited 7:00pm
Hello,
Even if you can't sit for 4-8 hrs you can still make The Force work for you if you just don't create trades out of the air. Follow the rules and be patient. I just trade 0._0 on a mini acct, but it is real $. I got my Daily Confirmation report and it revealed 11 trades, +64, -11, 53 net pips for friday 12/05/08. All the trades were either basic or advanced rules. Several times I could have extended the pip count significantly, but I had to leave the computer and was not about to let good trades go bad, so I either took profit or did a stop profit exit.
Here are a couple of examples:
Example a
On trade ..328 I opened 1 lot at the open of the bar (06:10) at 2765 after the signal bar (06:05), using basic rules. I then added on trade ...353 a 50% lot at 2773 at 06:23. I jumped the gun a little as 2773 was the weekly pivot (and daily open) and it had rejected a bull surge once before at 03:50. I got lucky and using pure price action closed both at 2778. 13 pips on the whole lot and 5 on the 1/2 lot so net of 15.5 pips. In retrospect had just broken an upper TL, but the WP loomed large so not an A trade.
Example b to follow
Roy
Attached Image (click to enlarge)
Click to Enlarge Name: 1205 0625 a1.GIF Size: 24 KB
  • #1,666
  • Dec 7, 2008 2:20pm Dec 7, 2008 2:20pm
Pip,

We draw the pper and lower TLs from the 15min chart and then go back to the 5 min chart to trade. The TLs we draw from the 15min chart act as long term support and resistance. When the price approaches either of the TLs and then pushes and eventually bounces of them I consider the direction of the bounce the main trend direction for the time being. As the price moves from the long term TLs we trace the PA with short term TLs drawn on the 5min chart that shows the temp short term trend dorection. From there we can trade retracements/pullbacks and trend continitations. All before mentioned is all undestood and indicated by TLs by expert rules or indicated by TLs and lined up with the force indicators for an entry on the advanced rules. Keep in mind the advanced/basic rules with the indicators are designed to train your eye to eventually move to the expert level. If you dont instantly understand the expert level of the system then fallback to the advanced rules and keep learning. Hope this helps.

FJ

Quoting piptrees
Hi everyone,

I have been reading the entire thread to fully understand this brilliant strategy and also paper trading at the same time. I like it very much because the risk to reward ratio is very good and that it is for a fixed no. of hours per day which i find is very healthy. Have also joined the chatroom and the traders there are a load of fun and for once I dont feel like the lone ranger trader.

Just would like to clarify something about the expert force rules.

"Trade setup

[i][font=Verdana][color=black]You...
Stacking pips since 2002
  • #1,667
  • Dec 7, 2008 6:01pm Dec 7, 2008 6:01pm
Hello
My last example brought out a ? I haven't been able to get a definitive answer on. In the basic rules the stoc portion is a buy signal a) When the stochastic crosses up from the 20 line and is not ovebought
The ? is if after the signal to buy the 2 stoc lines cross and then cross again in the original direction but both have stayed between the 20 and 80 lines, does the buy remain intact? I'm reading it as it is intact when between the 20/80 and the stoc line is above the signal line.

To the next example (b):
Basic rules again gave a signal bar at 07:45 bar (07:40 bar the ma's were =, and it was an up bar on a sell signal so for me no go). I entered at 07:47 order #...187 @ 2774 for 1 full lot, with a stop at 2794. It dropped to 2769 then retraced to 2784 (thank goodness for 20 pip stop that time) and then it quickly dropped. I sold a again at 2765,but only .5 lot, (#...083). My reasoning had to do with the advanced rules (the previous bar had just closed below the WP of 2773, at 2765 and I bought on bar open with a price of 2765.) I imediately retraced to 1 pip below WP and dropped again. I manually closed both at 2761 at 08:11 for a 13 whole lot and a 4 pip 1/2 lot for a 15 net whole lot .
The rest of ten trades were for small pips, but they add up, to 53 pips total on 12/05.
Roy
Attached Image (click to enlarge)
Click to Enlarge Name: 1205 0625 b1.GIF Size: 24 KB
  • #1,668
  • Edited 11:04pm Dec 7, 2008 10:58pm | Edited 11:04pm
50% closed on this one
there is room to the pivots
Attached Image
  • #1,669
  • Dec 7, 2008 11:12pm Dec 7, 2008 11:12pm
Hi forexjedi,

Can you setup poll so that people can vote your system?
  • #1,670
  • Dec 7, 2008 11:47pm Dec 7, 2008 11:47pm
Makepips,

I dont know how? I know that may seem strange but if someone could let me know how to do this that would be great..lol

Quoting makepips
Hi forexjedi,

Can you setup poll so that people can vote your system?
Stacking pips since 2002
  • #1,671
  • Dec 7, 2008 11:51pm Dec 7, 2008 11:51pm
Hi everybody,,

I just started my trading day, and i drawn the long and short term trend lines,
is it ok or not ,,, thnks

http://i33.tinypic.com/2i0g11g.jpg
  • #1,672
  • Dec 8, 2008 12:10am Dec 8, 2008 12:10am
A,

Looks great.

FJ

Quoting amberfm
Hi everybody,,

I just started my trading day, and i drawn the long and short term trend lines,
is it ok or not ,,, thnks

http://i33.tinypic.com/2i0g11g.jpg
Stacking pips since 2002
  • #1,673
  • Dec 8, 2008 1:39am Dec 8, 2008 1:39am
Quoting jurn_e
Stark, nice summary for those new here.

Piptrees, please find below attached charts showing how i draw my trendlines.
1st chart is a 15 min chart zoomed out.
2nd chart is a 30 min chart zoomed out.

Hope you find it useful to draw the long term trendlines.
Hi,

Thanks so much for your charts, it helped a lot. I also forgot that i can draw the trendlines on th 15min time frame and the trendlines will stay on my 5min timeframe.
  • #1,674
  • Dec 8, 2008 1:49am Dec 8, 2008 1:49am
Quoting forexjedi
Pip,

We draw the pper and lower TLs from the 15min chart and then go back to the 5 min chart to trade. The TLs we draw from the 15min chart act as long term support and resistance. When the price approaches either of the TLs and then pushes and eventually bounces of them I consider the direction of the bounce the main trend direction for the time being. As the price moves from the long term TLs we trace the PA with short term TLs drawn on the 5min chart that shows the temp short term trend dorection. From there we can trade retracements/pullbacks...
Hi FJ,

It is much clearer now, appreciate your patience and effort. Hope to able to report my progress soon!
  • #1,675
  • Dec 8, 2008 6:49am Dec 8, 2008 6:49am
Hi FJ and fellow traders,

I`ve been reading this thread the entire weekend and decided to start trading this method on the advanced rules... So Monday morning i start by traceing the majot TLs and the minor ones.

Having in view that up until now the price did not evade form all the TLs and pivots, i did not find any good trades.

Considering the above, i`m kindly asking the more experienced traders to point out on my chart some trades that i heve missed until now.

Thanx for the help.

Regards,

Necre
Attached Image (click to enlarge)
Click to Enlarge Name: TLs.JPG Size: 159 KB
  • #1,676
  • Dec 8, 2008 7:27am Dec 8, 2008 7:27am
Quoting eroyh
Hello
My last example brought out a ? I haven't been able to get a definitive answer on. In the basic rules the stoc portion is a buy signal a) When the stochastic crosses up from the 20 line and is not ovebought
The ? is if after the signal to buy the 2 stoc lines cross and then cross again in the original direction but both have stayed between the 20 and 80 lines, does the buy remain intact? I'm reading it as it is intact when between the 20/80 and the stoc line is above the signal line.

To the next example (b):
Basic...
nice indi..
can u send the indi bro
  • #1,677
  • Dec 8, 2008 7:43am Dec 8, 2008 7:43am
in this very slow market i dont accept a big move but this setup was good for a fast 10 pip gain.
there was retrace from the lower TL
there was stchoastic divergence
maybe much more then 10 pips from here, but for me right now 10 pips is OK
Attached Image
  • #1,678
  • Dec 8, 2008 10:42am Dec 8, 2008 10:42am
in a strong market, what do you do when the stochs cross before the ma's?
  • #1,679
  • Dec 8, 2008 12:22pm Dec 8, 2008 12:22pm
also what about taking longs or shorts when the ma's cross, but the stochs are already overbought/ oversold ?...seems like a risky trade, yes?
  • #1,680
  • Dec 8, 2008 5:28pm Dec 8, 2008 5:28pm
Hi all

I had great trading yesterday .London was very slow , but still manage to grab 14 pips and US gave me another 18pips.Total 32.This system is great and I learning what PA means and how important is to find where are the sellers and where are the buyers.If you train your eye you will one day see what I wasn't be able to see it before. With all help FJ you can not ask for better place to trade!
I think soon I will be able to trade without any indicators(MACD or STOCH).Just naked chart.
I though I will share this with you guys.
Happy tarding
Jack

Ps.Below are my 5min and 15 min charts before Asia session
Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15 min.JPG Size: 130 KB
Click to Enlarge Name: 5min.JPG Size: 137 KB
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