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The Force 5min system

  • #1,961
  • Jan 11, 2009 4:33pm Jan 11, 2009 4:33pm
Sorry about that. You are to review where S/R is found and determine if the price will break or bounce, look for retracement/ reversal patterns. The system does not have any defined rules for Trade exit except what is here.

I don't know anything about the template. Jedi told me to draw it all on my own for the charts and that's what I've done.

Good luck!

Quoting blackmovie
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.
A woman drove me to drink, and I forgot to thank her
  • #1,962
  • Jan 11, 2009 5:04pm Jan 11, 2009 5:04pm
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, Great post thanks. One question isn't there a basic sell setup between trade A & B? I took that one and lost. Can you explain how you filted that out?
  • #1,963
  • Jan 12, 2009 12:28am Jan 12, 2009 12:28am
Quoting fxforce
Vantage, Great post thanks. One question isn't there a basic sell setup between trade A & B? I took that one and lost. Can you explain how you filted that out?
With that post I wanted to get a balance between trades I've actually taken and trades the system says don't take (a lh in this case) because the indicators didn't line up. I didn't want to comment on all trades.

It was a large candle that caused the signal which can be a problem for what was a continuation trade. Also the two candles that caused the stoch cross covered 50 pips and unless a market is in absolute freefall to take a trade after 50 pips is something I know I have to continually remind myself to watch out for.

As good as this system is (and I like it and its simplicity a lot) in a freefall the macd can take time to catch up and can cause a few problems. Please see the end of Fri's fall after non farm payroll.

This is a little problem for the system but be aware of the strengths and weaknesses of the system that you are trading and you can avoid a lot of problems.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 5 min.gif Size: 24 KB
  • #1,964
  • Jan 12, 2009 12:32am Jan 12, 2009 12:32am
Jedi does suggest the end result is to trade without indicators. In ultra weak/strong markets I know I look to trade hl's/lh's without indicators. Certainly macd can be too slow, stoch should still cross quick enough though with price crossing through 5 ema's.
  • #1,965
  • Jan 12, 2009 12:36am Jan 12, 2009 12:36am
Quoting BlueBird
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
BB,

Please Respect This Thread.

The originator of this thread has asked again and again and again that posters to this thread do not discuss modifications to this system, time frame, indicators, pair on this thread.

If you want to discuss a variation, the place to do it is in a new thread which you create, not here.
  • #1,966
  • Edited 4:07am Jan 12, 2009 4:05am | Edited 4:07am
Here's what I've been seeing and mostly NOT taking.

Pic of 8 sequential ideas with this system that presented themselves to me as the session occurred.

Red arrows and crosses are trades taken. Everything else is presented as an idea for consideration.

WHAT IF... I had "Stoped and Reversed" on all of these ideas? Is this fluid or what?

See what you think...
Attached Image (click to enlarge)
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  • #1,967
  • Jan 12, 2009 4:44am Jan 12, 2009 4:44am
Quoting Vantage
With that post I wanted to get a balance between trades I've actually taken and trades the system says don't take (a lh in this case) because the indicators didn't line up. I didn't want to comment on all trades.

As good as this system is (and I like it and its simplicity a lot) in a freefall the macd can take time to catch up and can cause a few problems. Please see the end of Fri's fall after non farm payroll.

This is a little problem for the system but be aware of the strengths and weaknesses of the system that you are trading and you can...
Well said, Vantage and thank you for taking time to answer my question.
  • #1,968
  • Jan 12, 2009 7:20am Jan 12, 2009 7:20am
anyone to know where is Forexjedy.
  • #1,969
  • Jan 12, 2009 10:04am Jan 12, 2009 10:04am
It looks as if the chat room has been compromised, and those who had the room open might have had their computers infected.
  • #1,970
  • Jan 12, 2009 10:38am Jan 12, 2009 10:38am
Quoting JoelD
It looks as if the chat room has been compromised, and those who had the room open might have had their computers infected.
I was in the room several hours ago, any idea what time this happened?

What symptoms is this problem showing?

Thanks for letting everyone know.
  • #1,971
  • Jan 12, 2009 11:04am Jan 12, 2009 11:04am
Quoting vbro
I was in the room several hours ago, any idea what time this happened?

What symptoms is this problem showing?

Thanks for letting everyone know.
Actually it happens now. The chatroom is filling up with non-humans (up to 200). Normally they enter and escape again. Sometimes (like now) they also write nonsense messages into the chat.
  • #1,972
  • Jan 12, 2009 11:08am Jan 12, 2009 11:08am
Some sort of BOT, athe amount of user goes and then alot of nonsense appears.

It shut my computer down earlier.
  • #1,973
  • Jan 12, 2009 11:19am Jan 12, 2009 11:19am
Just came from there, some experts are working on it.
  • #1,974
  • Jan 12, 2009 12:17pm Jan 12, 2009 12:17pm
Can someone tell me is it a valid entry Long before brake out?
Attached Image (click to enlarge)
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  • #1,975
  • Jan 13, 2009 8:42am Jan 13, 2009 8:42am
FJ,

Thanks so much for sharing your system! I can't believe all the crap I paid for (fell for) when I was just starting out........could have had a nicely funded live account by now.

Anyway, wouldn't we increase our winning % if we only took trades in the direction of the overall trend.....daily, weekly, monthly???

Albeit price swings in the 5 min timeframe.

Thanks,
Bryan
  • #1,976
  • Jan 13, 2009 9:23am Jan 13, 2009 9:23am
Hi, everyone, first post here and I have been screwing around with this system for the past few weeks on a demo. I have found this system to be very good, I wanted to share a quick tweak I made to mine setups. If you add a 40 line and a 60 line to the stochastics, I think that it may give a better visual to enter a long or short. Only enter the trade if the stoch is between the 20 and 40 for a long and between the 80 and the 60 for a short. It helps me out, just wanted to share it with everyone. Happy hunting.
  • #1,977
  • Jan 13, 2009 11:39am Jan 13, 2009 11:39am
Quoting frankscook
HBS,

There are no stupid questions if you need information. mq4 files are MetaTrader 4 source files which can be read and/or changed using the MetaEditor facility. MetaEditor can be started separately or within the MetaTrader platform. The mq4 file must then be "compiled" by the MetaEditor to create ex4 files which can then be executed by MetaTrader 4.
NOTE: Unless you know MQL4 programming language, just use the MetaEditor to open the mq4 file, compile it and then close the file.

FSC
Thanks frankscook.
  • #1,978
  • Jan 13, 2009 11:40am Jan 13, 2009 11:40am
Quoting k2kv
Simply,

Exit the program and place your files in the appropriate folder. Metatrader will compile them automatically when you restart the program.

Cheers!
Thanks k2kv
  • #1,979
  • Jan 13, 2009 3:45pm Jan 13, 2009 3:45pm
In today's US pm session I noticed that all of the basic signals were producing pips. Both sells with the bear trend and buys against it were profitable showing that even during a less volatile session there are still pips available.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_13jan2009_basicforce.gif Size: 21 KB


Lesson I learned...

I too often fall into the habit of analysing each setup too much and end up limiting my profitable actions. If I had simply decided to "take all basic sell signals with the trend" (for example) then I would have achieved a lot more. Keep it simple pays so well.

ForexJedi your system is the Genius of Simplicity
  • #1,980
  • Jan 13, 2009 11:47pm Jan 13, 2009 11:47pm
Quoting robdee
Lesson I learned...

If I had simply decided to "take all basic sell signals with the trend" (for example) then I would have achieved a lot more. Keep it simple pays so well.

ForexJedi your system is the Genius of Simplicity
Which I believe answers a previous post on trading with the trend.

If you look closely on the first reversal of trend trade there was an immediate hl after the fall to 3140, price then rejects at 3150, system gives signal after the hl. A good place to go counter trend.

Welcome back jedi, I hope you are feeling better.
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