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The Force 5min system

  • #2,521
  • Apr 14, 2009 3:53am Apr 14, 2009 3:53am
Quoting wltam
Can I know more about the 3 candle test?
When I say '3 candle test' it is simply (three x 5 mins candles = 15 mins) that were testing a price level. Usually this is a retest. Retests occur after a price level has been broken and then retraces back to the broken level to test it again (from the other side). If it hold for three candle then that is a good sign that it has proven the price level support (or resistance) as the case may be. RD
  • #2,522
  • Apr 14, 2009 2:18pm Apr 14, 2009 2:18pm
Quoting robdee
London opened 2 mins ago. Here is what my chart looks like...

Attachment
Hi RobDee,

Another great chart review...simple but clear & very informative!
Do you still use the following levels for S/R:
1. Fib levels from higher time frames i.e 4 hr or even the previous daily swing?
2. Pivot Points.
3. Daily Open.
4. Previous daily, weekly & monthly highs & lows.

I know the chart can look quite overwhelming with so many lines on your chart so I would be very interested to
hear your feedback.

Thanks again!

HR
  • #2,523
  • Apr 14, 2009 6:54pm Apr 14, 2009 6:54pm
Quoting highroller
Another great chart review...simple but clear & very informative! Do you still use the following levels for S/R:
1. Fib levels from higher time frames i.e 4 hr or even the previous daily swing?
2. Pivot Points.
3. Daily Open.
4. Previous daily, weekly & monthly highs & lows.
I had to go look at my charts to even answer the question

  1. 5min chart is exactly as posted.
  2. 15min chart is vForceEdge only.
  3. 1hr chart has 3 different fibos from 19 March to now.
  4. Daily chart has one fibo on it.

That's it nothing else. I guess I got tired of so many lines and felt OK getting rid of them. I think that is a good thing meaning I have more confidence in reading the price action. RD

  • #2,524
  • Apr 14, 2009 7:29pm Apr 14, 2009 7:29pm
Tokyo opened at 0:00 gmt.

Here is my chart 25 mins into the session.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_15apr_force5tokyo.gif Size: 32 KB
  • #2,525
  • Apr 15, 2009 2:04am Apr 15, 2009 2:04am
London opened at 7:00 gmt

Here is my chart 2 mins into the session...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_15apr_force5london.gif Size: 26 KB
  • #2,526
  • Apr 17, 2009 4:31am Apr 17, 2009 4:31am
"Knowing when the market will have momentum is key to not getting caught in reversals..."

I found an article explaining daily events that influence the forex markets.
I made a timetable that shows my understanding of important times during the 24-hour forex day. – RD
Attached File(s)
File Type: pdf ForexMarketsTiming.pdf   62 KB | 1,274 downloads
  • #2,527
  • Apr 17, 2009 6:13pm Apr 17, 2009 6:13pm
Hello robdee

I am doing with this system just for my first week and still reading thought the tread. Your charts are so useful to understand in a better way the force 5 min system.

Your last charts are without the stoch and the macd. ¿Do you trade only with price action?
Regards


Quoting robdee
London opened at 7:00 gmt

Here is my chart 2 mins into the session...

Attachment
  • #2,528
  • Apr 18, 2009 4:39am Apr 18, 2009 4:39am
Quoting Dibanos
Your last charts are without the stoch and the macd. Do you trade only with price action?
The stochs+macd+emas will train you to understand momentum, keep them on your chart until you have mastered price action.

I no longer need to see them on my chart and all three indicators are included in AudioAlerts. So when AudioAlerts paints a signal candle I know the three indicators are all lined up as per the rules. RD
  • #2,529
  • Apr 19, 2009 9:53am Apr 19, 2009 9:53am
Hello robdee,
Thank you for your answer.
Regards


Quoting robdee
The stochs+macd+emas will train you to understand momentum, keep them on your chart until you have mastered price action.

I no longer need to see them on my chart and all three indicators are included in AudioAlerts. So when AudioAlerts paints a signal candle I know the three indicators are all lined up as per the rules. RD
  • #2,530
  • Apr 19, 2009 8:21pm Apr 19, 2009 8:21pm
Quoting robdee
"Knowing when the market will have momentum is key to not getting caught in reversals..."

I found an article explaining daily events that influence the forex markets.
I made a timetable that shows my understanding of important times during the 24-hour forex day. – RD
thx for the article..very informative, and open my eyes again...
  • #2,531
  • Edited 3:05am Apr 20, 2009 2:23am | Edited 3:05am
Quoting robdee
"Knowing when the market will have momentum is key to not getting caught in reversals..."

I found an article explaining daily events that influence the forex markets.
I made a timetable that shows my understanding of important times during the 24-hour forex day. – RD

Hi RD,

Thanks for this. I've read it about 5 times now and can't make 100% sense of it. The thing that gets me is they say one of the three main times during the day with momentum is around 10:00 GMT. In my experience, this is often a time when, certainly EURUSD seems to range waiting for direction.

Your "risk" column I assume refers to the level of momentum? using the word risk implies more risk of getting caught in reversals. Just seeking clarification.

fb
  • #2,532
  • Apr 21, 2009 6:55am Apr 21, 2009 6:55am
I am using two PCs and have IBFX on both as per Robdee's recommended broker. However I realized that they are both giving signals at different times. I thought it was only so if we use different brokers....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: force5 pc2.gif Size: 22 KB
  • #2,533
  • Apr 21, 2009 9:24am Apr 21, 2009 9:24am
Quoting hohgch
I am using two PCs and have IBFX on both as per Robdee's recommended broker. However I realized that they are both giving signals at different times. I thought it was only so if we use different brokers....
Are you sure that you are using the same version, parameters and template settings on both PCs? If yes, try re-loading the templates.
TTFN Merlyn
  • #2,534
  • Apr 21, 2009 10:08am Apr 21, 2009 10:08am
Quoting Merlyn
Are you sure that you are using the same version, parameters and template settings on both PCs? If yes, try re-loading the templates.
Yes Merlyn, identical....
  • #2,535
  • Apr 21, 2009 1:01pm Apr 21, 2009 1:01pm
Quoting Merlyn
Are you sure that you are using the same version, parameters and template settings on both PCs? If yes, try re-loading the templates.
The chances are that the feed is slightly different on the 2 platforms - mad I know, but I get the same problem sometimes
This can be caused by using different servers, or sometimes the feed is just "out"
If you have a candle time indicator on both charts you may notice that the countdown to bar end is different on the 2 charts and this can make the signals differ between the charts
Its an issue I had for a long time before I worked it out
  • #2,536
  • Apr 23, 2009 3:40am Apr 23, 2009 3:40am
Hello to everybody? has every one moved on as the thread seems to be getting less posts each day.
Any information on how to continue following the method would be greatfully recieved.
I will be trading the force live from next week starting the 27th April after watching the market for 8 hours a day for the last six weeks.

Hope everyone has a good day

Martin
  • #2,537
  • Apr 23, 2009 8:32am Apr 23, 2009 8:32am
[quote=costasouth;2689603]Hello to everybody? has every one moved on as the thread seems to be getting less posts each day.
Any information on how to continue following the method would be greatfully recieved.
I will be trading the force live from next week starting the 27th April after watching the market for 8 hours a day for the last six weeks.

Hope everyone has a good day


Hi Martin.

I have been trading the Force for a while, and can vouch for its validity. Just stick to the rules exactly no fudge. My bigest mistakes are when I try to anticipate a signal by a few seconds.

I think most of the Force crew hang out on the chat. I don't, it gets to be to much for my computer, and I often try to read while waiting for signals.

Getting what the market has to offer

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,538
  • Apr 27, 2009 3:56am Apr 27, 2009 3:56am
Quoting costasouth
Hello to everybody? has every one moved on as the thread seems to be getting less posts each day.
Any information on how to continue following the method would be greatfully recieved.
I will be trading the force live from next week starting the 27th April after watching the market for 8 hours a day for the last six weeks.

Hope everyone has a good day

Martin
i dont know what happend to this thread , the Force 5 is still a good System. I dont start before 7:00 GMT and as u can see the long signal gave me some pips. I dit not accpect more cause of the small range a lot of res and sub 1.3155 - 1.3180. Could be very choppy here
Attached Image (click to enlarge)
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  • #2,539
  • Apr 27, 2009 4:18am Apr 27, 2009 4:18am
the m15 chart clean, also h1 i use for judgment which of the signals a worth to take.
as long as price stays in the blue rectangle, i ignore the signals
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-0019.gif Size: 22 KB
  • #2,540
  • Apr 27, 2009 7:42am Apr 27, 2009 7:42am
hi, every
MJ I think in reversal of move of the last week, but the trend in TF15 is DOWN, I just see for a SHORT until no broke the TL.
See in a 1h & 4h chart.
Great system, very interesting PA action in this.
Espero que se entienda.
Rgs.
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