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The Force 5min system

  • #1,881
  • Dec 25, 2008 9:31pm Dec 25, 2008 9:31pm
http://www.forexfactory.com/c:/
Just trying to post a new screen shot

thanks

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: picture 1.JPG Size: 143 KB
  • #1,882
  • Dec 26, 2008 12:07am Dec 26, 2008 12:07am
Merry Christmas to all and a Happy and Safe New Years. I look forward to seeing you all again in the chat room for some more good profit taking.

We are off to Colorado on the 30th for some snowmobiling and family get togethers. Let it snow, let it snow, let it snow!!!!
  • #1,883
  • Dec 26, 2008 2:51am Dec 26, 2008 2:51am
Hi all

Just want to wish all a Merry Christmas and a Happy New Year.

Thanks for people's input, questions, suggestions and help which we all read and benefit from. Also big thanks to you FJ, for your time and support.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #1,884
  • Dec 26, 2008 3:55pm Dec 26, 2008 3:55pm
hello to everyone in the force 5min system thread,to everybody who as contributed to the success of this amazing system especially the inventor FOREXJEDI i want to say a big thank you for your generousity and support.wish you all merry xmas and a pipsprosperous new year.see you all in january.
Let God be true, and every other man be a liar
  • #1,885
  • Dec 27, 2008 4:05pm Dec 27, 2008 4:05pm
Reading all the thread from beginning again and again..backtesting all day..I like this system and will follow from next year.
Great stuff.
Some of the people try to add their ideas..they are maybe good, but the system is simple and looks profitable. I did trade in lats weeks before Christmas even on live account and made pips ( broke the rules no demo ).
Happy New Year 2009..hope evryone had nice Christmas!!!
  • #1,886
  • Dec 28, 2008 7:09pm Dec 28, 2008 7:09pm
Who all will be trading this week?
A woman drove me to drink, and I forgot to thank her
  • #1,887
  • Dec 28, 2008 8:45pm Dec 28, 2008 8:45pm
Hi Simpleguy..i will trade today...since my company is shutdown for ~2weeks..
  • #1,888
  • Dec 29, 2008 5:44pm Dec 29, 2008 5:44pm
Another BIG BEAR day for the EURUSD following a bull rally during Asia and early European sessions.

Price was already down 150 pips as London closed 17:00 gmt. A failed retest of an exisiting upper TL showed resistance and the Force indicators showed bearish momentum continuing. The entry at 17:10 was safe with a 20 pip stop placed 1 pip above the signal candle high. This drop moved 180 pips in 100 minutes, that is a FAST move at 100+ pips per hour.

Consolidation ran for one hour into the NYSE close where the IBFX Day Open price rejected a retest. This was good evidence of resistance. 25 minutes after the NYSE close the Force indicators again showed bearish momentum ready to continue.. The entry at 20:25 was safe with a 20 pip stop above the signal candle high. This drop progressed very quickly to +80 target in just 15 minutes finding some temporary support at 1.3970.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_29dec2008_force.gif Size: 19 KB


Lesson I learned...

The open price at 0:00 gmt (eg IBFX Day Open = DO) is an important level to keep in mind. Price action around the DO is like a pivot, acting as both support and resistance for swing points on the same day.
  • #1,889
  • Dec 29, 2008 6:15pm Dec 29, 2008 6:15pm
[quote=robdee;2441591]Another BIG BEAR day for the EURUSD following a bull rally during Asia and early European sessions.

Price was already down 150 pips as London closed 17:00 gmt. A failed retest of an exisiting upper TL showed resistance and the Force indicators showed bearish momentum continuing. The entry at 17:10 was safe with a 20 pip stop placed 1 pip above the signal candle high. This drop moved 180 pips in 100 minutes, that is a FAST move at 100+ pips per hour.


hHello robdee,

Congrats for your great trade. Also happy new year to to Jedi, yourself and all Force 5 min traders.

By the way robdee, can you please post your template. The price action is so clear in your charts that it would be worth that we all have this set-up. Thanks.
  • #1,890
  • Dec 29, 2008 6:42pm Dec 29, 2008 6:42pm
Quoting HBS
By the way robdee, can you please post your template. The price action is so clear in your charts that it would be worth that we all have this set-up. Thanks.
Hi HBS, please see attached template file which I use for the US pm session summaries. It has everything except my experimental MacFade indicator for MACD. You'll need to add in your own favorite MACD indicator.
Attached File(s)
File Type: tpl robdee_template.tpl   1 KB | 833 downloads
  • #1,891
  • Dec 30, 2008 2:59am Dec 30, 2008 2:59am
I wonder robdee when you decides to close operation because its the most difficult here, and you seems to have it clear.
  • #1,892
  • Dec 30, 2008 9:09am Dec 30, 2008 9:09am
Quoting SpiderSystem
I wonder robdee when you decides to close operation because its the most difficult here, and you seems to have it clear.
I have learned from ForexJedi to look at the market from both directions.

See his post 1858...
http://www.forexfactory.com/showpost...postcount=1858

When I see solid evidence of support for the bulls I close what shorts I have that remain open. On Monday US pm session that occurred first around 1.4030 near the weekly pivot. I expected a bullish reaction from that pivot.

The second short I closed when I saw a DB forming at 1.3970. As it turned out this was only temporary support and I could have kept the trade open longer for more pips as price continued lower.

Doubles that form on major pivots or long term trendlines are my usual exit points for intraday trading. For longer term trading I look for large (24 hour+) reversal patterns.
  • #1,893
  • Dec 30, 2008 4:37pm Dec 30, 2008 4:37pm
I just read the system,and i think i'll be trading it for a while.
  • #1,894
  • Dec 30, 2008 5:24pm Dec 30, 2008 5:24pm
Thanks for the reference, Rob. It's important to constantly reinforce good trading habits.
Thanks for posting your templet as well.
Cheers.
Cliff


Quoting robdee
I have learned from ForexJedi to look at the market from both directions.

See his post 1858...
http://www.forexfactory.com/showpost...postcount=1858

When I see solid evidence of support for the bulls I close what shorts I have that remain open. On Monday US pm session that occurred first around 1.4030 near the weekly pivot. I expected a bullish reaction from that pivot.

The second short I closed when I saw a DB forming at 1.3970. As it turned out this was only temporary support and I could have kept the trade...
I get exercise just pushing my luck
  • #1,895
  • Dec 31, 2008 11:48pm Dec 31, 2008 11:48pm
A new year comes, and new plans get set for the next 12 months.
Wishing and hoping to you all a good 2009, with plenty pip's, balance, love and health.

Happy New Year
  • #1,896
  • Jan 1, 2009 11:09am Jan 1, 2009 11:09am
I wrote myself a small indicator in the histogram style started by kinonen, to show when all the conditions for a basic Force signal (5 ema, macd and stoch) as described in Post 1 were in place. It is not as sophisticated as the AudioAlert produced by Robdee and does not have any alerts. The reasons I wrote this were that I wanted something which showed me the signals as they were in the process of forming, that did not appear on the main chart because that muddies the chart information for me, and which provided a look back record of the moves that followed the appearance of the conditions.
As robdee and FJ frequently say however, indicators are only a means to an end. The goal is to read price action on its own without indicators. The image shows the Wednesday price action, with the histogram indicator above the MACD histogram.
Attached Image (click to enlarge)
Click to Enlarge Name: 090101 hsitogram.gif Size: 15 KB
Attached File(s)
File Type: mq4 The Force histogram bars ver 01.mq4   4 KB | 932 downloads
  • #1,897
  • Jan 1, 2009 6:25pm Jan 1, 2009 6:25pm
Thanks for all the feedback on the AudioAlerts indicator.

With 100+ downloads of the last update I see there is a reasonable level of interest in this project so I will continue.

I have added one new feature in this update. That is "Line Alerts" which is controled by a user setting. All the signal logic remains unchanged.

LineAlerts = True
One alert per candle when price touches a line (that is any trend line or horizontal line on the price chart)

Attached Image


I have also decided for myself that printing arrows on the price chart is too distracting. As a result I have changed the default for this setting to False.

ShowChartArrows = False
This enables or disables the printing of signal arrows on the price chart.

Please refer to instructions in the original post 1866
http://www.forexfactory.com/showpost...postcount=1866

This version of AudioAlerts.mq4 is 20090101
Attached File(s)
File Type: mq4 AudioAlerts.mq4   10 KB | 817 downloads
  • #1,898
  • Jan 1, 2009 8:49pm Jan 1, 2009 8:49pm
thx rodbee...for the hard work...definitely will try it out and feedback if any..
  • #1,899
  • Jan 2, 2009 3:55am Jan 2, 2009 3:55am
Quoting robdee

ShowChartArrows = False
This enables or disables the printing of signal arrows on the price chart.

Please refer to instructions in the original post 1866
http://www.forexfactory.com/showpost...postcount=1866

This version of AudioAlerts.mq4 is 20090101
Thanks for the indicator and the update, very usefull
  • #1,900
  • Jan 2, 2009 8:55pm Jan 2, 2009 8:55pm
Your system works well>

RSI is much easier than macd, and stach... Works too.

TKS>
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