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The Force 5min system

  • #1,801
  • Dec 15, 2008 2:43am Dec 15, 2008 2:43am
Quoting forexjedi
logic tells that the greenback will get trampled and beat down from now till about the mid summer 2009 (July August). On the fundamental level I dont see anything good comming out of the the greenback corner.
Great U.S debt engine slips into reverse
If credit has been the locomotive of the modern economy, the third quarter of 2008 marked the point when the engine stalled and the economy began to roll back down the hill...
http://www.forexfactory.com/news.php?do=news&id=136843
  • #1,802
  • Dec 15, 2008 3:25am Dec 15, 2008 3:25am
Quoting forexjedi
I am very excited about this week. For some reason id like to think this uptrend is over but logic tells that the greenback will get trampled and beat down from now till about the mid summer 2009 (July August). On the fundamental level I dont see anything good comming out of the the greenback corner. On the other hand I dont see anything really good comming out of the Eur corner but what im getting at is that the US will do far worse than Eur. On a technical level I see the sheer force of the bulls building up and I dont think theres anything that...
I have to post this as a daily chart a 5 min chart will never get that far. We've just broken a very long term trend line and sitting on the 100 day ema. If that ema is broken up we could move up to the 200 ema around 1.40-ish. Of course it could get rejected and fall away but we've had a couple of higher lows, higher highs so it does look like up (with retracements on the way).

To bring it back to force system trading could be very volatile around these current levels 1.3450 - 1.35 or so whilst bulls and bears fight it out.

Apologies in advance jedi if you prefer these kind of charts not to be shown.
Attached Image (click to enlarge)
Click to Enlarge Name: eur daily.gif Size: 20 KB
  • #1,803
  • Dec 15, 2008 6:20am Dec 15, 2008 6:20am
Hi I'm not sure if this has been posted in the thread yet, but anyway how do we make sure we are not whipsawed out the trade?

Looking at past charts, there have been times when the 2 EMAs cross each other multiple times in a whipsaw fashion (especially during low volatility), which would have meant a loss.

Thanks for this system It's making a lot of sense to me.
  • #1,804
  • Dec 15, 2008 10:09am Dec 15, 2008 10:09am
Quoting forexjedi
K,

Is it possible to make the indicator involving the complete force signal by the same criteria Vantage has mentioned. What I mean is to eliminate the all the other colors and have a 1 color for a complete bull signal and on color for a complete bear signal leaving the noise in between a neutral colour? Or at the least leave the colours in the comeplete signal indicator as adjustable. I would like to place this indicator on my post #1. Let me know your thoughts.

FJ
let me precise this...
2 colors it's impossible to manage becoz too many parameters
so i want make this with 4 colours

Darkgreen (overbuy) & LighyGreen(stoch up from 20 to 80) +macd up & ema crossed up + close > close(before)
------------------------------------
Red (oversold) & Crimson (stoch down from 80 to 20) + macd down & ema crossed down + close < close(before)
------------------------------------
i want to do that ; because it's difficult and very seldom having ALL conditions met together (% perhaps one time a day or a week )

(and if you want " 1 color for a complete bull signal and 1 color for a complete bear signal leaving the noise in between a neutral colour"
you just have to change colors to Background's color of your graph !)

do you think it's ok to do that
tell me if it's ok so ; i'll try to make it !

kinonen
  • #1,805
  • Dec 15, 2008 10:56am Dec 15, 2008 10:56am
Quoting geyi
Can share this arrow indicator? Thanks

No problem
Attached File(s)
File Type: mq4 Ema Open-Close Cross.mq4   3 KB | 943 downloads
File Type: ex4 Ema Open-Close Cross.ex4   3 KB | 616 downloads
  • #1,806
  • Dec 15, 2008 12:23pm Dec 15, 2008 12:23pm
Quoting anyhowtrade
Hi I'm not sure if this has been posted in the thread yet, but anyway how do we make sure we are not whipsawed out the trade?

Looking at past charts, there have been times when the 2 EMAs cross each other multiple times in a whipsaw fashion (especially during low volatility), which would have meant a loss.

Thanks for this system It's making a lot of sense to me.
You mention the ema's, what are the other 2 indicators doing? Some charts would help.

Not every crossing works, but it is high % when coupled with moves from supp/res/trend lines etc etc.
  • #1,807
  • Dec 15, 2008 12:43pm Dec 15, 2008 12:43pm
Quoting kinonen
let me precise this...
2 colors it's impossible to manage becoz too many parameters
so i want make this with 4 colours

Darkgreen (overbuy) & LighyGreen(stoch up from 20 to 80) +macd up & ema crossed up + close > close(before)
------------------------------------
Red (oversold) & Crimson (stoch down from 80 to 20) + macd down & ema crossed down + close < close(before)
------------------------------------
i want to do that ; because it's difficult and very seldom...
Hi kinonen
The first indicator you did had 2 colours, ema's were either up or down. That should be the same for stoch. Macd coloured would be a straight copy from that indicator.

I wouldn't worry about stoch OB or OS levels, there are many good continuation trades that occur when stoch is already in these areas. If all 3 red/green an alarm goes off and you can decide whether you wish to trade or not.

I certainly wouldn't remove the indicators from my charts though as you'd then lose the chance to see divergence.

You'll get numerous trades every day when all 3 are lining up.

Kinonen if this is tricky would it be possible to add an alert to the colour changes on macd?
  • #1,808
  • Dec 15, 2008 1:09pm Dec 15, 2008 1:09pm
Somebody may have already asked and answered this questions, if so, please direct me to the post. My question is, what exactly is this indy for and what exactly does it do? I'm coming in well after it has been created and I'm having a hard time trying to figure out exactly what it's for and what it tells and the criteria to trade with it.

Quoting Vantage
Hi kinonen
The first indicator you did had 2 colours, ema's were either up or down. That should be the same for stoch. Macd coloured would be a straight copy from that indicator.

I wouldn't worry about stoch OB or OS levels, there are many good continuation trades that occur when stoch is already in these areas. If all 3 red/green an alarm goes off and you can decide whether you wish to trade or not.

I certainly wouldn't remove the indicators from my charts though as you'd then lose the chance to see divergence.

You'll get numerous trades...
  • #1,809
  • Dec 15, 2008 2:48pm Dec 15, 2008 2:48pm
Here two possible trade according to Force System Rule : the first short and the second long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur usd div4.gif Size: 45 KB
Click to Enlarge Name: eur usd div3.gif Size: 71 KB
  • #1,810
  • Dec 15, 2008 3:57pm Dec 15, 2008 3:57pm
hello,

how do I join the chat??
Quoting forexjedi
This trade has been closed at +33 pips profit. See my journal for the details.

http://www.forexfactory.com/showpost...85&postcount=2
  • #1,811
  • Dec 15, 2008 4:07pm Dec 15, 2008 4:07pm
Quoting Vantage
After the divergence discussion does anyone know of good macd (histogram) and stochastic divergence indicators?
Cheers.
hey Vantage !
i have attached this macd showing divergence both on graph and macd
kinonen
Attached File(s)
File Type: mq4 Divergence_MACD_FX5_V1.1.mq4   12 KB | 630 downloads
  • #1,812
  • Dec 15, 2008 4:11pm Dec 15, 2008 4:11pm
Quoting kinonen
hey Vantage !
i have attached this macd showing divergence both on graph and macd
kinonen
not histo but i can make histo instead lines
kino
  • #1,813
  • Dec 15, 2008 4:18pm Dec 15, 2008 4:18pm
Quoting kinonen
not histo but i can make histo instead lines
kino

here a screen
kino
Attached Image (click to enlarge)
Click to Enlarge Name: macd div.gif Size: 18 KB
  • #1,814
  • Dec 15, 2008 7:11pm Dec 15, 2008 7:11pm
US pm session today proved to me that the bulls are still controlling the euro. There was not any kind of a deep retrace and bulls appeared to be grabbing any sort of opportunity that appeared.

The two sell trades were only successful with tight targets and limited out at +15 before bulls returned in force.

The best trade of the session was a long signal following the wall street bounce that began at 3:15pm ET (45 min before NYSE closed). This ran quickly to +20 and then +50 without any retraces. This made a new high for the week.

This took the Monday range (high-low) to 335 pips. Already moved half of last week's range in one day. Geometric momentum still growing.

http://i37.tinypic.com/szvccz.gif

Lessons I learned...

Trust the force, especially when signal is in same direction as underlying trend. I was too concerned about wall street on fresh lows at 3:15pm ET. Should have taken the force buy signal and continued to monitor wall st to see if there was a correlation.

Market conditions change. This is not a sideways consolidating market any more. This is a trending bull market and the entries are somewhat different. I ignored two good long signals yesterday because the stoch=80. That stoch in overbought did not seem to matter in these conditions. Partial signals seem to be all these super keen bulls need to come rampaging back in.

ForexJedi your system is a Masterpiece of Thoughtful Clarity.
  • #1,815
  • Dec 15, 2008 7:28pm Dec 15, 2008 7:28pm
Kinonen,

Sounds perfect and is most suitable for newbies. I appreciate your hard work. Is it also possible to make one with the same format based on the advanced rules? Just one color when the stochs macd and MAs line up on the same candle?

FJ


Quoting kinonen
let me precise this...
2 colors it's impossible to manage becoz too many parameters
so i want make this with 4 colours

Darkgreen (overbuy) & LighyGreen(stoch up from 20 to 80) +macd up & ema crossed up + close > close(before)
------------------------------------
Red (oversold) & Crimson (stoch down from 80 to 20) + macd down & ema crossed down + close < close(before)
------------------------------------
i want to do that ; because it's difficult and very seldom...
Stacking pips since 2002
  • #1,816
  • Dec 15, 2008 7:35pm Dec 15, 2008 7:35pm
anyone one going for short anytime soon?
  • #1,817
  • Dec 15, 2008 7:42pm Dec 15, 2008 7:42pm
Kinonen!!!!!!!!!!!!!

We really appreciate all your work on the indicators.
I get the feeling that you are not happy until you design a special indicator for the thread you are in. Maybe we should rename you to "IndiTech" or "IndiBuilder". You do excellent work my friend.

D.
  • #1,818
  • Dec 15, 2008 8:13pm Dec 15, 2008 8:13pm
short 1.3706, sl 1.3728. Demo trade. Let's see how it goes.
  • #1,819
  • Dec 15, 2008 9:25pm Dec 15, 2008 9:25pm
close trade at -4 pips
  • #1,820
  • Dec 15, 2008 10:06pm Dec 15, 2008 10:06pm
I short again. This time macd and stoch showed divergence.
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