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The Force 5min system

  • #1,821
  • Dec 15, 2008 11:12pm Dec 15, 2008 11:12pm
Robdee,

Just like when you traded basic rules you missed many pips from signals genereted by the advanced rules and so goes the story from advanced to expert rules. A day like yesterday (monday) was loaded with expert entries. Please see the chart below.

FJ

Quoting robdee
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...
Attached Image (click to enlarge)
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Stacking pips since 2002
  • #1,822
  • Dec 15, 2008 11:26pm Dec 15, 2008 11:26pm
Stark,

Is there an alert for Ema Open-Close Cross.mq4 ?
  • #1,823
  • Dec 15, 2008 11:43pm Dec 15, 2008 11:43pm
Below is my chart including up to the minute support TL's. I will attempt to hold this position based on PA till 1.4000. My entry was 1.3730. My stop is set at about 30 pips and I will adjust based on PA. If I feel its not worht it I will close the position. My goal is 1.4000 by friday. This trade is based on the Force Expert Rules. Ill update everytime theres a reason to.

FJ
Attached Image (click to enlarge)
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Stacking pips since 2002
  • #1,824
  • Dec 16, 2008 12:00am Dec 16, 2008 12:00am
Quoting forexjedi
Below is my chart including up to the minute support TL's. I will attempt to hold this position based on PA till 1.4000. My entry was 1.3730. My stop is set at about 30 pips and I will adjust based on PA. If I feel its not worht it I will close the position. My goal is 1.4000 by friday. This trade is based on the Force Expert Rules. Ill update everytime theres a reason to.

FJ
thoughts on this??? doesnt seem to be holding that top...
  • #1,825
  • Dec 16, 2008 12:09am Dec 16, 2008 12:09am
This will be a long term trade. Im not worried at the moment.

Quoting weswes
thoughts on this??? doesnt seem to be holding that top...
Stacking pips since 2002
  • #1,826
  • Dec 16, 2008 12:12am Dec 16, 2008 12:12am
Quoting forexjedi
This will be a long term trade. Im not worried at the moment.
just bought at 1.3715..seems that trend line is holding..
  • #1,827
  • Dec 16, 2008 12:19am Dec 16, 2008 12:19am
Quoting kinonen
not histo but i can make histo instead lines
kino
Hi kino
Yes histo would be better for divergence as we use macd coloured histo, to bring in divergence on macd lines would be amending the system.

Capetown (Capetown SA??) just click on the link in forexjedi's signature to get to the chat room.
  • #1,828
  • Dec 16, 2008 12:30am Dec 16, 2008 12:30am
Quoting robdee

Lessons I learned...

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.
Hi robdee
In any runaway market (as opposed to sideways channel) stoch can either stay OB/OS or not return to the opposite end of range and still give good signals. Like yesterdays US session I'd be taking any higher low buy signal. Stating the obvious is its better to have started with the first signal and take everyone after that because the chances go much higher of failure the longer the moves go on.

Anyway in a strong trending market I look to take every signal with stoch cross and saucer signals on macd (buy = red to green above waterline and sells = green to red below waterline). i wouldn't worry where stoch is as long as there's a cross.
  • #1,829
  • Dec 16, 2008 12:33am Dec 16, 2008 12:33am
Quoting weswes
just bought at 1.3715..seems that trend line is holding..
Wes I have macd solid red?
  • #1,830
  • Dec 16, 2008 12:38am Dec 16, 2008 12:38am
Quoting forexjedi
This will be a long term trade. Im not worried at the moment.
Hi jedi
After some massive moves up there may be a pause or pullback today maybe?

There is some resistance at 1.3770 but nice potential trades up to there.
Attached Image (click to enlarge)
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  • #1,831
  • Dec 16, 2008 8:29am Dec 16, 2008 8:29am
Quoting vbro
FB,

We'd all love to see more charts, here's how it's done:

Right click chart > save as picture.

Then,

Post Reply > Manage Attachments > Browse Computer > Select > Upload > Post

Cheers,

VBro
Thanks Vbro. Will do. Didn't notice this option in MT4.
  • #1,832
  • Dec 16, 2008 2:39pm Dec 16, 2008 2:39pm
what an Awesome day! Broke 1.4000 before Friday FJ
Pivot Boss in the making~
  • #1,833
  • Dec 16, 2008 6:18pm Dec 16, 2008 6:18pm
J,

It sure did, this pair is a fast mover the past couple weeks. Im going to review my charts and come up with a new target. Its moving so fast its almost scary.

FJ


Quoting jurn_e
what an Awesome day! Broke 1.4000 before Friday FJ
Stacking pips since 2002
  • #1,834
  • Dec 16, 2008 6:28pm Dec 16, 2008 6:28pm
New target for this pair will be the 1.4600 area.

FJ
Stacking pips since 2002
  • #1,835
  • Dec 16, 2008 7:17pm Dec 16, 2008 7:17pm
FJ, ur comment of TP 1.4 did bring me confident..I have 4 trades and all are long yesterday. I almost cut some cause big pull back, but the TP=1.4 keep me in, and end all +ve (even some with little pip)... My MM still not good, and can't wait it to reach 1.4 ...anyway, the market is still there...thx FJ.
  • #1,836
  • Dec 16, 2008 9:19pm Dec 16, 2008 9:19pm
Quoting kinonen
hey Vantage !
i have attached this macd showing divergence both on graph and macd
kinonen
As I understand it The Force rules mention only stochastic divergence, not macd divergence.

I have had a look at the code in Post 1814 (FX5_MACD_Divergence_V1.1.mq4) and I have modified it to create a Stochastic Divergence indi.

It shows both classic and hidden divergence. Given the fast oscillating nature of Stoch(5,3,3) divergent situations occur frequently.

Whether having this indicator is a real benefit or just a distraction is difficult for me to tell.

Below is a chart example of the Stochastic Divergence indicator in action...
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  • #1,837
  • Dec 16, 2008 9:47pm Dec 16, 2008 9:47pm
Nice Rob, can you post it here and let us try it out?



Quoting robdee
As I understand it The Force rules mention only stochastic divergence, not macd divergence.
Pivot Boss in the making~
  • #1,838
  • Dec 16, 2008 10:30pm Dec 16, 2008 10:30pm
Quoting jurn_e
Nice Rob, can you post it here and let us try it out?
OK jurn_e, download the indicator from post 1814, replace the CalculateMACD function with the code below... then recompile. Indicator will now display Stochastics instead of Macd values.

void CalculateMACD(int i)
{
macd[i] = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_MAIN,i);
signal[i] = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_SIGNAL,i);
}

I am working on a prettier version of the indicator but not ready to release it.
  • #1,839
  • Dec 16, 2008 10:37pm Dec 16, 2008 10:37pm
No worries Rob. Thanks
Pivot Boss in the making~
  • #1,840
  • Dec 16, 2008 11:21pm Dec 16, 2008 11:21pm
Quoting forexjedi
New target for this pair will be the 1.4600 area.

FJ
We stopped right on the 50 fib line for now. Get past here and yes 1.46 area, the 62% retracement, will surely be target with a couple of areas to get through going back to Nov and Feb.

No meaningful retracement along the way so far is wierd, some big buyers out there. Maybe a retrace here who knows.

Going back to 2001 I cannot see a move anywhere as big as this that hasn't had a day or two pause.

Thats the bigger pic now back to the system ...........
Attached Image (click to enlarge)
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