The Force 5min system

yes good observation, we had a nice short move to the 1.3100

Hi everyone

On 1 hr chart a large head and shoulder breakdown. So I will be doing shorts as well. Just came off a good move, 45 pips. My position just closed out.

If I drew my lines right, this may go to 1.3013 or so.

Many pips to you all

Rufus

is a pulback?

on m15 clearly to seen , that was not a good session to trade this morning.
i closed the shortbreakout with just 2 pips ,
im long now from the last long signal but it could also become a B/E close cause its lunchtime in europe.

Hey guys great thread.. I just seen the system and since im trading a micro account i have already started trading it... I have 1 trade +5 and am currently up 28 pips and i have not closed out the possitions.. I am happy with the results so far.. I also use 5 MIN TREND FOLLOWER and it seems that THE FORCE is getting earlier signals than the Trend Follower but i am comfortable with the Trend follower.. Im going to use both because it seems that they work well together..

Euro bulls ran price up above daily R2 but couldn't break daily M5 before FOMC news shut them down (for a while anyway).

Waiting for a confirmation and then an entry price equal to the signal candle close again my favorite way to trade this as below...

I have been studying 'Forex Conquered' by John Person. He gives very thorough explanations of how to use and filter pivots (page 73 on).

I tried his techniques on the last 5 weeks of EURUSD and I was amazed with the repeating patterns as shown in my chart below...

EURUSD beautiful price action again today at the end of the month. Looks like Euro bulls were banking profits with that big reaction to weekly R1.

Another great chart review RobDee!

It looks so easy & straight forward on your charts!

OK, summarising your chart, would I be correct in saying the following?

1. Your calculated pivot points are possible key
reversal areas.
2. Wait for price action to prove the above level, being
double top, double bottom, or failure of high or low.
3. London or US market open good time for reversals
but not essential.
4. Extended fib level at 127% or 162% adds weight to
above level.
5. An upper or lower trend line is added confirmation of
the above level but not essential?
6. Wait for confirmed force signal for trade entry.
7. Exit trade around 127-162% fib extension
target taking partial profit along the way.

Cheers

HR

HR your summary is right in line with my thinking. I also noted you put a question mark after number 5. about trendlines. This is fair enough because drawing trendlines is so subjective no-one really knows where the other guys are drawing them, so the priority is pivots, then if trendlines help explain the PA near pivots then that is fine, otherwise delete them.

Great to know that my charts are helpful. RD

My ideas about the requirements for a trend reversal have progressed somewhat.
Tracking EURUSD I see three Ws that are required before I will call a top or a bottom.

1. Wide (30+ 15min candles = 8hrs+)
2. W shape (two triangles pointing in the new direction)
3. Weekly pivot (a reason for big dogs to buy/sell)

As in my charts below...

Robdee do not EVER stop posting... pure inspiration.
I have to say that I watched RD's growth with the force 5 system and he has left myself standing in the road side weeds.
RD has mastered the force 5 system. I could stop now because there is not really anything to add to this comment except well done RD.
I thank RD for providing us with on going charts which provide us with wisdom and hope that we too can achieve the excellence RD as achieved.
Well done RD you are now an inspiration and well dear I say it.. (RD head might grow to big) my idol, there I said it.

Hi robdee,
No doubt the master.Am following all of the rules now. Can u pls post the template of this chart showing the red and blue candles. Thanks.
Real pips.

http://www.forexfactory.com/attachme...hmentid=240864

As RD posts his excellent dream chart I though it would be good for us peasants to post our best force 5 trades.

So please follow my example and inspire us all with your charts of good Force 5 trades.
If you have been on the chat room lately you will find that like most traders we have struggled with force 5 due to the late entry... so we all end up scalping.
This I can confirm is not good for your account. Why you ask and it is quite simple, scalping sux. So we are all back to trading F5 signals... took some time and losses to realise this. Yes RD even Sky.

What does F5 system offer. It is obvious stepping back and looking at the big picture...... trading with the trend and taking great reversals on KEY levels ONLY. That's it full stop.

So where to start.. so many F5 signals and many fail.. yes this sux. But the good ones make huge pips.
Just my thoughts and HR's

1) To help filter F5 trades only trade long above the daily open... have a look at your chart and this will allow you to concentrate on one direction. When I take a trade I fall in love with it and my rose colored glasses think it will go the distance 100pips...trend is long and I'm taking a F5 short trade..But no it stops after 12pips (because I have top picked) F5 long signal long appears and I think sucker signal and stay short. No this signal would have given 30 +pips because its with the trend. Now who's the fool?

2) To start with trade only with the trend, have you heard this before? ahh

3) a good way is to only trade, so only long when price is above the daily open and short below the daily open. Why you ask? The day generally starts at the same time world wide 00GMT, the big dogs (the banks etc) need to make money so there is always (except side ways market which might be change of trend as RD has explained takes around 24hr..) a good move from DO. price action is often run up and reversed to the DO (stop running) and then a big move in the same direction. But look at your chart and concentrating on one direction allows you time to get ready on reversals to go with the trend.

4) Trade only with the trend

5) When you are ready start looking for reversals against the trend at KEY levels........ KEY LEVELS. So what make a key level? Trend levels are very good as are weekly and monthly pivots and the well loved by me 50% levels. But you need as many reasons to trade against the trend as possible. 50% by it self is not good enough. Think trend line + F5 signal + double top and 50%.. yes this happens all the time you just have to wait. To trade against the trend is risky and costs money when you get it wrong. Trade with the trend and you can stuff up entry because it does not matter after 10min your up 10pips.

Final thoughts...
Watch price action... see how long it take price action to move 20 pips against the trend and 20 pips with the trend.... this statement alone should convince you to trade with the trend and when you are ready take reversals........ and watch higher time frames for a clue where price will go... 4hr outside bar short would you go long?

sorry to ramble.

the attached is my wall paper.... why its a good trade with the trend
Duke900

Yeah, RD and Duke, completely correct thinking. Trend trading is essential. Choosing the best probability scenarios are something I strive to attain.

Lately I've been hmm.. struggling... with a few trades, since these days the "trend" seem to be reversing every couple of days. When I decide to catch it, it seems too late already (notice current week is a doji-like candle). That's why Robdee's charts are spot on and are very helpful. So thank you very much and if possible, please continue posting them! And also this "end of day" review with the good trades are indeed eye-opening.

As for me, my only really good trade with the trend that I can recall recently happened some days ago. Long live the trend!

Quoting Real pips.

Disliked

...Can u pls post the template of this chart showing the red and blue candles.

Ignored

Hi Real pips welcome to Force5

First you need the latest version of AudioAlerts which is found here...
http://www.forexfactory.com/showpost...postcount=2374

The template I use for my Force5 charts is attached below. It does not include macd + stochastics which you can add in.

Duke and Planck comments about trend trading and day open price reminded me of couple of recent posts I made in the other threads.

67MA shows the trend
http://www.forexfactory.com/showthre...28#post2700728

DayOpen price acts as support
http://www.forexfactory.com/showthre...95#post2691695

RD

Hi robdee,
Thanks for welcoming me to the thread. Oh i wish am with or beside u trading.
Do not hesitate to answer my questions pls.
Thanks.
Real pips.

Hello traders,

I have not been vocal at all for the past few months for many reasons and just got done reading Dukes messages. Just something I would suggest to people to do, go back and reread this thread, from the beginning, especially how we waited to place trades. Now when I"m reading the thread and on the chat I'm seeing lots of time frames, other indicators, and other pairs mentioned. Jedi said if we stick to the original system and change anything it will work and it has not done me wrong yet. I'm only trading part time so it's easy for me to sit and wait, but it is what has been working for me.

Question: How many people have a journal to review their trades, good and bad? This is the only way I have really heard of to review their trades to ensure they are trading the plan.


Good luck people and happy trading!

Hi all,

Weekly Pivot has shown its importance again in today's bounce. Always be careful when price approaches weekly pivots.