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The Force 5min system

  • #2,201
  • Feb 3, 2009 2:17pm Feb 3, 2009 2:17pm
Quoting simpleguy
Jedi,

This thread is amazing and is helping like I can't even put into words. I don't see a poll to rate it though.
Top right of the thread under the pages index. it should say
Rating: *****

Click on that and you should get a rating box.
Time is what keeps everything from happening "right now".
  • #2,202
  • Feb 3, 2009 2:31pm Feb 3, 2009 2:31pm
Traders,

Heres a quick note on adding to a position. First the reason I am writting this is because I just received an email from a trader who keeps adding to their position on to loose more equity because they dont do it in the proper fashion. Heres a quick set of rules to help everyone along.

Rules to adding to a position

-You must have locked in profit
-only risk a max of 50% of your locked in profit. ie profit /2 / risk in pips vs 50% of your locked in profit = lot size to add
-Close 80% of your add in at 10 pips and set stop to add in to BE and let the rest run.

Simple enough!

FJ
Stacking pips since 2002
  • #2,203
  • Feb 3, 2009 5:43pm Feb 3, 2009 5:43pm
The Asia bulls pushed up to a new week high above 1.2900 before running out of fuel and falling back down. Price continued to fade through London Open until it reached the DP (daily pivot) finding support there. A 250 pip bull rally commenced slowly gaining a lot of momentum after NY Open.

In the second day of a new trend the bearish interest has declined so there is not enough follow-through on countertrend moves to make them worth the risk. For this reason trading only with the trend made more sense today. The exceptions to this were tradeable sell signals near London Open and London Close.

I could simply continue using my standard defensive or medium setups in this situation and they would do OK. However I would rather use my discretion to go full throttle in these 'second day' trend conditions.

Fast Trend Setup
 Wider profit targets (3X medium targets)
Wider trailing stop (50 instead of 20)
Trade in direction of trend only

Keep same as Defensive Setup
 Always wait for signal candles to confirm
Do not open a new trade until existing trade reaches zero risk
Move stop to BE at +20

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_03feb2009_fasttrend.gif Size: 23 KB


Lessons I learned...

Wait for London Open to decide on a direction, this usually means waiting for a large candle that closes outside the range of the previous several candles. My only loss (-18) was a fake long at 8:30. Price action leading up to that signal was clearly undecided. Wait for London to make up their minds.

When trending 60 pips appears as a common move in EUR/USD. The 60 pip TPs were hitting right near retraces. This suggests big dog profit taking at these levels.

The market moves when Fred says in the chat 'BRB'.
The market moves fast 20 minutes after I logoff.

PS To see today's "Fast Trend" trades in full detail load this template into a new EURUSD 5min IBFX chart...
Attached File(s)
File Type: tpl robdee_03feb09.tpl   15 KB | 476 downloads
  • #2,204
  • Feb 3, 2009 5:49pm Feb 3, 2009 5:49pm
FJ and Robdee

You guys are great, learning fx trading is a journey for me, I thank my lucky stars that you guys are part of my journey.

Thanks to both, the amount of learning that I do from you guys is huge.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #2,205
  • Feb 3, 2009 5:59pm Feb 3, 2009 5:59pm
I have noticed that some people are loading very wide chart images into their posts. This creates a problem because it stretches the thread view wider and wider.

The solution is to not link the images directly into your posts.

Use the Attachments button in the editor to upload images directly from your PC. This will create a thumbnail of your massive 30" screenshots and then if people want to see more detail they click on the thumbnail.

Uploading to an image host like tinypic.com is not necessary and not desirable for the readability of this thread.
  • #2,206
  • Feb 3, 2009 6:32pm Feb 3, 2009 6:32pm
Quoting robdee
I have noticed that some people are loading very wide chart images into their posts. This creates a problem because it stretches the thread view wider and wider.

The solution is to not link the images directly into your posts.

Use the Attachments button in the editor to upload images directly from your PC. This will create a thumbnail of your massive 30" screenshots and then if people want to see more detail they click on the thumbnail.

Uploading to an image host like tinypic.com is not necessary and not desirable for the readability...

Sorry bout that. =-]
I'll do what u said from now on TY.
And thank you for you contribution to this thread.
Time is what keeps everything from happening "right now".
  • #2,207
  • Feb 3, 2009 7:06pm Feb 3, 2009 7:06pm
Great System when you combien it with Elliot waves , trade wave 3 and 5 and contra trade after wave 5 which knows as head and shoulder , I made 80 pips in the morning and 45 today so far .I am tarding mobile now so finally I am a full time trader now even when i am work lol , Thanks
  • #2,208
  • Feb 3, 2009 11:04pm Feb 3, 2009 11:04pm

I'm looking for Metatrader software with demo account, so that when it expired I can make another demo account without requesting to make a new installation for the software so I will not lose the settings and indicators that I set.
any advice or help plz
Thx a lot..

  • #2,209
  • Feb 3, 2009 11:27pm Feb 3, 2009 11:27pm
Quoting alhadi_w

I'm looking for Metatrader software with demo account, so that when it expired I can make another demo account without requesting to make a new installation for the software so I will not lose the settings and indicators that I set.
any advice or help plz
Thx a lot..

fxdd, ibfx, fxcm..... just search
Time is what keeps everything from happening "right now".
  • #2,210
  • Feb 3, 2009 11:32pm Feb 3, 2009 11:32pm
Quoting alhadi_w
I'm looking for Metatrader software with demo account, so that when it expired I can make another demo account...
Alhadi, I understand what you want. I do the same for my charts.

Everything you need is in post 2078
http://www.forexfactory.com/showpost...postcount=2078
  • #2,211
  • Feb 3, 2009 11:59pm Feb 3, 2009 11:59pm
Quoting forexjedi
Hi,

In a continued effort to expand and always become a better trader I am releasing earlier than planed an edition to the force setup family. Below are the details for the "force fibo scalper". This is a method that has a 99.9% success rate of gaining at least 10 pips per trade over a three month testing period. The idea is simple take bounce of fib levels based on previous days direction.

Details

- Use the force advanced signals as trade confirmation
- Draw fribs in the direction of the previous daily candle from low to...
Thanks for these comments fj. Attached is a pivots indi that you adjust the start time to 00.00 gmt, but can add on yesterdays high/low, todays open and 38, 50 and 62% fibs of yesterdays high/low. We've talked often in the chat room as to how well these fibs work as supp/res areas.

Same as pivots if previous days PA was a small range then the fibs also won't be of as much use. For the most part they work really well.
Attached File(s)
File Type: ex4 Pivots.ex4   22 KB | 453 downloads
  • #2,212
  • Feb 4, 2009 12:19am Feb 4, 2009 12:19am
And just a quickie to show it in action from earlier this morning. A bounce in direction of prev days positive close at a cluster of 38% fib, daily pivot and just below but not shown is a weekly pivot also and the half number, the more that line up the better of course.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 5 min.gif Size: 21 KB
  • #2,213
  • Feb 4, 2009 2:42am Feb 4, 2009 2:42am
Quoting Vantage
And just a quickie to show it in action from earlier this morning. A bounce in direction of prev days positive close at a cluster of 38% fib, daily pivot and just below but not shown is a weekly pivot also and the half number, the more that line up the better of course.
I am wearing clown shoes.
It takes me 1.5 bars on the M1 chart to eat a pancake.
  • #2,214
  • Feb 4, 2009 2:54am Feb 4, 2009 2:54am
?

Quoting JimmyPants
I am wearing clown shoes.
Stacking pips since 2002
  • #2,215
  • Feb 4, 2009 3:03am Feb 4, 2009 3:03am
Quoting forexjedi
?
Just bumping a great system to get some more eyeballs to it.
It takes me 1.5 bars on the M1 chart to eat a pancake.
  • #2,216
  • Feb 4, 2009 3:36am Feb 4, 2009 3:36am
Quoting JimmyPants
I am wearing clown shoes.
Well JimmyPants, welcome to ForexFactory.
For a very first post one might say, " Hi, my name is______, This is who I am and This is what I am about."
Or you could just say that you wear clown shoes,..... point taken.
  • #2,217
  • Feb 4, 2009 3:45am Feb 4, 2009 3:45am
Forexjedi Thanks for adding more value to the force5M system without compromising the simplicity of the system. We appreciate.
5 stars from me.
Add value everyday in Pips
  • #2,218
  • Feb 4, 2009 3:51am Feb 4, 2009 3:51am

Dv84 & robdee
Kiaora from NZ

Thank you very much for your replay and cooperation.. we always learning from you, keep on

  • #2,219
  • Feb 4, 2009 4:43am Feb 4, 2009 4:43am
Hi,

thank you for your interesting system maybe this indi can help for draw hight/low and all fibo levels from the previus day..
Attached File(s)
File Type: mq4 #SpudFibo.mq4   8 KB | 515 downloads
  • #2,220
  • Edited 7:49am Feb 4, 2009 7:07am | Edited 7:49am
hi robdee!

what 'signal bar confirmed' means in your chart? how to confirm? thank you!!

one more question: how your audioalert indicator's advanced signal works? As per Jedi's advanced rule, price should bounce off R/S with those three indicaors line up, does your audioalert indicator find R/S automatically and paint sinal candle? hope your reply. thank you very much!
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