Woow thanks for sharing , l can's wait for Monday to try your system , looks like 2009 will be my real start to make money in this market after 3 years of loss.
- #1,904
- Jan 2, 2009 11:22pm Jan 2, 2009 11:22pm
Hit,
Thanks for your post but nothing has worked better then the MACD and Stochs in my 3 years of forward testing. Please dont make any posts regarding anything that does not relate directly to my system in this thread. This includes outside indicators to the system. I hope you enjoy.
FJ
Thanks for your post but nothing has worked better then the MACD and Stochs in my 3 years of forward testing. Please dont make any posts regarding anything that does not relate directly to my system in this thread. This includes outside indicators to the system. I hope you enjoy.
FJ
Your system works well>
RSI is much easier than macd, and stach... Works too.
TKS>
Stacking pips since 2002
- #1,908
- Jan 3, 2009 1:36am Jan 3, 2009 1:36am
Hi FJ
where is the chat room and how can i join your group , i am new here , I read your thread from couple of hours ago. are you still trading the asian session at 7 PM EST ?
Hi Tazzam,
Here is the link : http://force.appruv.com , welcome on board.
~~ Happy Trading ~~
- #1,911
- Jan 3, 2009 2:16am Jan 3, 2009 2:16am
Happy New Year 2009!
OK before this session started there was a solid reject from an existing upper TL. This upper TL was already formed on Monday's high to Wednesday's high.
A very typical sell setup right on London Close 17:00 gmt with force indicators showing bearish momentum ready to resume. What followed was a fairly uneventful 100+ pip drop down to retest the weekly low at 1.3839.
I added a second short position at 1.3900 on the way down but the 18:20-18:30 rally spooked me so I closed that trade at BE. Price only went 4 pips against my position but it looked like it could do a lot more. I wish I had a way to know that it was OK to stay in that one because it obviously ran to profit.
The bears were shooting down all the rally attempts and it wasn't until a DB formed right on the weekly low that there was some actual evidence for a bullish move.
We had to wait for NYSE close when finally bulls took control for a non-stop 70 pip rally into the NY close at 5:00pm ET.
Lessons I learned...
The first one or two basic buy signals opposing strong bearish momentum are likely to fail. It appears that two things are need to overcome the bears. First, clearly visible support that everyone can see, eg the DB on week low - that is visible by traders all over the world no matter what TF they use. Second, the passage of time, it takes time for the bearish momentum to subside and bullish momentum to build.
Look for action on the major market closes. Again I see that London Close and NYSE Close were times to give full attention. I assume there are a lot of big positions taking profit or covering risk at these times so makes sense to see the impact of all that liquidity hitting on price.
ForexJedi your system is Price Action Training par Excellence!
OK before this session started there was a solid reject from an existing upper TL. This upper TL was already formed on Monday's high to Wednesday's high.
A very typical sell setup right on London Close 17:00 gmt with force indicators showing bearish momentum ready to resume. What followed was a fairly uneventful 100+ pip drop down to retest the weekly low at 1.3839.
I added a second short position at 1.3900 on the way down but the 18:20-18:30 rally spooked me so I closed that trade at BE. Price only went 4 pips against my position but it looked like it could do a lot more. I wish I had a way to know that it was OK to stay in that one because it obviously ran to profit.
The bears were shooting down all the rally attempts and it wasn't until a DB formed right on the weekly low that there was some actual evidence for a bullish move.
We had to wait for NYSE close when finally bulls took control for a non-stop 70 pip rally into the NY close at 5:00pm ET.
Lessons I learned...
The first one or two basic buy signals opposing strong bearish momentum are likely to fail. It appears that two things are need to overcome the bears. First, clearly visible support that everyone can see, eg the DB on week low - that is visible by traders all over the world no matter what TF they use. Second, the passage of time, it takes time for the bearish momentum to subside and bullish momentum to build.
Look for action on the major market closes. Again I see that London Close and NYSE Close were times to give full attention. I assume there are a lot of big positions taking profit or covering risk at these times so makes sense to see the impact of all that liquidity hitting on price.
ForexJedi your system is Price Action Training par Excellence!
Also, I have seen a advertising for the NY traders expo coming up in Feb. Does anyone have any knowledge of these? Looks like they have several of them throughout the country. Are they worth going to or is it all show and a waste of time?
I wonder if FJ has a Force System for craps?
TTMarto
Hi everyone,cheers for all the force player.
FJ first of all speacial thanks for the force system in comming time this will help out massively to human forex players.
Genuinly speaking this is the first major system in forex which is capable of crossing the ((R-10 Ratio)).And over it its simple to understand believe me not many capable R-10 systems are avaiblable.
at the end always remember "" WORSHIP THE SYSTEM TRY TO LEARN IT NOT CHANGE IT"