While I'm relatively new to forex I am an experienced trader. I've been through numerous threads on this forum over the past several weeks and NOTHING holds a candle to this method. Forexjedi...you are to be complimented for a beautifully conceived methodology. Very powerful synergy with the indicators you've selected without unnecessary clutter. Thank you and all the other members for your contributions!
Please help me with some coments on this situation. I noticed the long red bar and i tghout that it`s a valid signal... all indicators lined up, it was also a bounce from WR1... The only thing that was bothering me was that it was to long and i stayed out.
My question? Is this a valid signal on the advanced rules ?
Best of pips to all
Necre
Ignored
Greetings Necre. While I'm new to this thread I'm experienced enough to recognize another reason why you wouldn't have wanted to short there. Whenever you get a steep, deeply oversold decline it is not unusual for a 3-5 wave rally to ensue. I have noticed this same phenomena countless times trading stocks. HTH.
Joined Jul 2006
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Status: Mighty Mooloo Country
|480 Posts
Session today started with a typical London Close retrace. I assume some big positions take profit every day around this time. However with a new week high just before Fed Budget Balance we had some exciting looking moves that we dare not trade - ha! But all is not lost... read on.
The two best trades of the session were with the bullish trend and were based on double bottoms sitting on or near established trendlines. This kind of price action retests and confirms the support at the trendline. Waiting for the full force signal ensured momentum is building before entry.
Fed news took centre stage with volatile price action warning us to stay away before and after. Again it seemed basically nonsense with the buildup before the news being far crazier than the news reaction itself.
Conservative targets paid best in this session, closing at +20 was essential after all the big news hoohah. Price fell into a low risk:reward tight range thru NYSE close and into NY Close.
The core ideas of The Force carry me safely through all kinds of different market conditions. Those core ideas are (1) find and then confirm support/resistance (2) wait for a full signal (3) take profits quickly.
There is only one of me, when I say this im sure people can gues where this is going. Because there is only one of me and this thread and the chat has become a very popular I need some takers who know my system to help me out. I need help in the following areas. 1. I need people who are capable to be logged into the chat when they are trading and help answer questions bacuse im so occupied that im missing a lot things. 2. People need to be posting in this thread. I dont have time to post all my charts everytime I make a trade. I need people posting charts in a effort to help the new people joining this thread. If I cant get help on these two things the result will be a slow death to the entire Force system here on FF. You all have a great system here with good support thats free. If people dont help out it will die a slow death. This will ruin the chance of new traders to have the oppritunity like others have to gain the knowledge needed to make it in FX. Im not going to post this again. If you all want it bad enough you know what to do. In order to keep a proper balance of what you have learned you need to give back. This last issue only applies to a small amount of new people. Please do not post or speak of any ouside indicators or systems in my chat. You will destroy a system that already works. My system has 1 year of forward testing on demo with 80% success and two years of pure profit under its belt with 80% success. I will not say this again, instead I will let it get destroyed and move on. I take a lot of my time to do good for people that want to learn for free and I dont want to spend my time disturbed by people who cant follow this simple rule. There is no way to make my system better in any way. If you think you can make it better than your to advanced in your FX knowledge to even be in this thread. Again please stick to the system. That means the Force indicators only in this thread and the chat and only the Eur/Usd on the 5min. Believe me when I tell you that this will give you success. My system is based on PA. That means it doesnt matter whats going on in other timeframes because my system will catch the moves. Thats it for now.
Joined Jul 2006
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Status: Mighty Mooloo Country
|480 Posts
Anyone who knows the advanced rules well ? - please help here.
I am very interested in chart examples of entries that follow the advanced rules. I need to see the differences with the basic rules entries and how they appear in real trades.
The 3 differences I see are below (quoting from post 238):
1) "Whats changed from the basic rules is that we will no longer wait for the stochs to come out of the oversold overbought area."
2) Buy Signal a) When the stochastic crosses in bullish divergence and is not ovebought.
3) Sell Signal a) When the stochastic crosses in bearish divergence is not oversold.
Here is a link that explains what divergence is. I know a someone on the chat asked what it was and I did some quick studying on it tonight also. Thanks for all the help robdee
Anyone who knows the advanced rules well ? - please help here.
I am very interested in chart examples of entries that follow the advanced rules. I need to see the differences with the basic rules entries and how they appear in real trades.
The 3 differences I see are below (quoting from post 238):
1) "Whats changed from the basic rules is that we will no longer wait for the stochs to come out of the oversold overbought area."
...
Ignored
A woman drove me to drink, and I forgot to thank her
Greetings to all!I can not load a picture, I try to lay out under this reference (blanks to clean) http: //depositfiles.com/files/6r62wxtmb, for today +70 pips in the Asian session. Good luck All!!!
In the given strategy I use trailing stop in 20 pips, that allows to me to take have more arrived if to look at schedules this optimum value which I has deduced for the trade. Good luck All!!!
bearish divergence, longs are not good trades here..wait for shorts.
Ignored
One of the things I've picked up is to be very careful taking the first signal in opposite direction of a 100 pip plus move.
I don't want to confuse this with an advanced sell from a long term trend line. I couldn't go back far enough to get an upper trend line for the 1.3155 top.
