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The Force 5min system

  • #1,941
  • Jan 7, 2009 5:59am Jan 7, 2009 5:59am
Quoting blackmovie
I find its importent recognizing which trendline the price will prob bounce off when we are moving it as price moving. If we enter with a wrong frendline we will be burned. So how do you solve this guys?
I think the only way to improve discretion in this area is persistence. Jedi often says, give this an honest effort for 6 months, and you will have this system fully.

So just show up every day, and draw your trendlines.

And then show up the next day.

And again the next day.

Your discretion will get better by tiny increments. This is the way.

  • #1,942
  • Jan 7, 2009 7:26am Jan 7, 2009 7:26am
thanks vrbo!

anyone has the indicator or EA that show the open session and open time and upcoming news time and time left to the news ,etc?
  • #1,943
  • Jan 7, 2009 12:19pm Jan 7, 2009 12:19pm
Quoting forexjedi
One word when describing the chart below. "Damn". The price finally hits then passes the 3600 level. Lots of pips and a good rush. I personally am happy the holidays are over because I was starting to jones for that feeling and got my first fix since before xmas. Im a junkie for mega pips what can I say. Hope all were involved in this move and held till 3600 as I mentioned in the chat yesterday. I see the 3200 level in the future of this price. Possibly by the end of the week at the latest.

FJ
FJ the chart shows that we have just made the upper tl joining two tops now we must wait for the retest of the trendline for the bounce actualy i was trading at this very movement and waited for the retest but it did not happened please clearify if i m missing anything.
thanks
  • #1,944
  • Jan 7, 2009 1:49pm Jan 7, 2009 1:49pm
Why are the moving averages Simple in the template TheForce5???

Aren't they supposed to be EMAs?
  • #1,945
  • Jan 7, 2009 10:29pm Jan 7, 2009 10:29pm
Quoting MIA_Austrian
Aren't they supposed to be EMAs?
Yes, they are exponential, must be an oversight by the poster of the template.
  • #1,946
  • Jan 7, 2009 11:00pm Jan 7, 2009 11:00pm
from the beginning of the thread which in November to 1st Dec ,this thread has 102 pages, from then to now, one more month, only 30 pages. why? because of the system itself or the chat room? how about the people who cant live chat during the asian session like me? how can we learn more
  • #1,947
  • Jan 7, 2009 11:15pm Jan 7, 2009 11:15pm
Quoting blackmovie
How about the people who cant live chat during the asian session like me? how can we learn more
How about asking questions in the thread?
  • #1,948
  • Jan 8, 2009 4:52am Jan 8, 2009 4:52am
Yes, the reason the forum has slowed down on here is because people are talking much much more in chat. It has great advantages and disadvantages. I know I get frustrated cause it's hard for me to get on the chat and trade during london open and that's the time many of the best traders are on. The great advantage for me is that when I'm seeing something setting up and can ask for confirmation if what I'm seeing is correct. I've had my butt saved more than a few times by other traders.

So you can either post your questions on here and someone will be around to help. Or just go onto the chat. There are people with experience in the chat room all day long.


Quoting blackmovie
from the beginning of the thread which in November to 1st Dec ,this thread has 102 pages, from then to now, one more month, only 30 pages. why? because of the system itself or the chat room? how about the people who cant live chat during the asian session like me? how can we learn more
A woman drove me to drink, and I forgot to thank her
  • #1,949
  • Jan 8, 2009 4:58am Jan 8, 2009 4:58am
Quoting blackmovie
from the beginning of the thread which in November to 1st Dec ,this thread has 102 pages, from then to now, one more month, only 30 pages. why? because of the system itself or the chat room? how about the people who cant live chat during the asian session like me? how can we learn more
System is 'simply' fantastic, the play on simple is well chosen. At virtually any time there are good traders in the room if you can get in. But yes I suppose its up to the guys that do support chat room to post more trades.
  • #1,950
  • Jan 8, 2009 5:35am Jan 8, 2009 5:35am
Quoting Vantage
System is 'simply' fantastic, the play on simple is well chosen. At virtually any time there are good traders in the room if you can get in. But yes I suppose its up to the guys that do support chat room to post more trades.
And on this basis some trades taken this am in the chat room.

Trade A a bounce from lower tl.

Trade B a sell from upper tl.

Trade C was a no trade despite the 20 odd pip negative close candle macd stayed green, i.e. macd didn't confirm by going lower. This saved a losing trade.

Trade D some you win some you lose. This was a rejection of pivot, even number and a long term trend line which I deleted and haven't put back in. Macd didn't confirm but gave a signal later 2 bars later. Whilst this later trade didn't really work out there was more than enough scope to get out at BE if you chose.

There was another potential trade in between those marked B and C.

All in all a good morning.
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  • #1,951
  • Jan 8, 2009 9:51am Jan 8, 2009 9:51am
Quoting Vantage
And on this basis some trades taken this am in the chat room.

Trade A a bounce from lower tl.

Trade B a sell from upper tl.

Trade C was a no trade despite the 20 odd pip negative close candle macd stayed green, i.e. macd didn't confirm by going lower. This saved a losing trade.

Trade D some you win some you lose. This was a rejection of pivot, even number and a long term trend line which I deleted and haven't put back in. Macd didn't confirm but gave a signal later 2 bars later. Whilst this later trade didn't really work out there was more...
Vantage, thanks for posting your chart. Excellent stuff though I think trade A might have been risky being so close to OS on Stochs.

fb
  • #1,952
  • Jan 8, 2009 11:30am Jan 8, 2009 11:30am
are any of you guys on live accounts yet or just testing?
  • #1,953
  • Jan 9, 2009 12:13am Jan 9, 2009 12:13am
Quoting nickypon
are any of you guys on live accounts yet or just testing?
To quote Inxs 'Live Baby Live'.
Cheers.
  • #1,954
  • Jan 9, 2009 1:36pm Jan 9, 2009 1:36pm
A simple price projection, now that the neckline has broken...

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  • #1,955
  • Jan 9, 2009 1:39pm Jan 9, 2009 1:39pm
Quoting fboy
Vantage, thanks for posting your chart. Excellent stuff though I think trade A might have been risky being so close to OS on Stochs.

fb
Hi fb
The price move to get stoch there was so minimal that it shouldn't really have been a concern, I don't think.
  • #1,956
  • Jan 9, 2009 9:01pm Jan 9, 2009 9:01pm
hi every pro trader: read through the thread fastly, maybe miss something. would anyone kindly explain about the PA with some example? what's PA on earth?
  • #1,957
  • Jan 10, 2009 10:25am Jan 10, 2009 10:25am
PA= Price Action


Quoting blackmovie
hi every pro trader: read through the thread fastly, maybe miss something. would anyone kindly explain about the PA with some example? what's PA on earth?
A woman drove me to drink, and I forgot to thank her
  • #1,958
  • Jan 11, 2009 6:50am Jan 11, 2009 6:50am
thank you simpleguy. but you may not understand me. I know PA=price action, I mean how to close trade according to PA which described in FJ's rules ? some example?
another question: see the chart below, the trend lines and Fibo lines with arrows are not drawn by me, when I apply the Force 5 min template ,they appear on the charts automatically. I find they act as good S/R sometimes, can anyone tell where are they from? thanks.
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  • #1,959
  • Jan 11, 2009 10:24am Jan 11, 2009 10:24am
i have been trying this system with little bit change and so far i am getting 30-50 pip daily ave.
i will post chart soon.

i am trying this on both 5 and 15min EU charts. 15 min seems to be more consistent.

will update.

BB
  • #1,960
  • Jan 11, 2009 10:43am Jan 11, 2009 10:43am
15 min chart wouldn't fit this tl coming in around 3400-ish.
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