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The Force 5min system

  • #2,841
  • Dec 27, 2009 10:08pm Dec 27, 2009 10:08pm
Quoting simpleguy
That's all we can do Rufus! That's all I can do. I'll be back on here more after thew new year. Just got a computer system to set up and get running. I love it, I feel like a little kid with a new toy.

Take care man!
Your sounding like my son (16 years old) Who just bought a 73 Charger SE today. They got it started now working toward fixing it up. I can't shut him up.

Have fun setting it all up simpleguy. Life is fun.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,842
  • Dec 28, 2009 8:25am Dec 28, 2009 8:25am
Hi all

I am not doing any trading this holiday week. But I am still looking at charts. Last night would have been somewhat decent to trade. But thats Okay.

Atached is a 15 min chart to see the detail of the price action. What is intresting to me is how the monthly S2 has held price. Of course all may change by the time I finish posting this. (Especially as slow as I type). This shows the importance of being aware of the surroundings arround the current price. Trendlines, pivots, "00" all enter in.

FJ posted in #1509 about understanding the Fx market is like a secondary education. It is a great piece of information he laid out for all. As far as I am concerned the Fx market is one of the most fascinating things to study. I read everything I get my hands on. Not so much trading systems or indicators anymore. But books about trading in general. Or ones about the wonderful world of money, finance, economies, etc. Right now I am reading "The Creature from Jekyll Island" by Edward Griffin. This one is about how the Federal reserve was formed. It is hard for me to read to much of the book at once, it pisses me off to much. By the way The Federal Reserve was planed out at a place called Jekyll Island. The author wasn't just being cute with the title.

Have a fun day everyone

Rufus

ps. there are 2 hits on the Monthly S2 to the left of the chart. Attachment only showed one.
Attached Image (click to enlarge)
Click to Enlarge Name: monthly s2.gif Size: 27 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,843
  • Dec 29, 2009 9:15am Dec 29, 2009 9:15am
Monthly and weekly pivots entering in. The F5 system when used with our other tools is remarkable.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: pivots.gif Size: 24 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,844
  • Dec 31, 2009 7:51pm Dec 31, 2009 7:51pm
Happy New years to all!!

I am looking forward to 2010. I will start trading again soon.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,845
  • Jan 4, 2010 6:22am Jan 4, 2010 6:22am
Hi guys,
where is the final chatroom for The force 5 system?
  • #2,846
  • Jan 4, 2010 8:10am Jan 4, 2010 8:10am
Quoting dreamtheater
Hi guys,
where is the final chatroom for The force 5 system?
I don't believe we have a formal chat room in use anymore.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,847
  • Jan 4, 2010 10:49am Jan 4, 2010 10:49am
Quoting Rufus
I don't believe we have a formal chat room in use anymore.

Rufus
Very pity about the chatroom, this is very useful.
Rufus, do you trade this trading system active? What combination you have finally from this 4 variants, that FJ offered us?
  • #2,848
  • Jan 5, 2010 12:06am Jan 5, 2010 12:06am
Quoting dreamtheater
Very pity about the chatroom, this is very useful.
Rufus, do you trade this trading system active? What combination you have finally from this 4 variants, that FJ offered us?
Yes this is the main system I trade. Jusy missed a good entry 25 min ago. Was away from the computer doing stuff durring my normal trading hours. My mistake.

The way I trade F5 is kind of a combination of Advanced and Expert.

I hope this answers your question.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,849
  • Jan 6, 2010 12:45am Jan 6, 2010 12:45am
My chart with trend lines.

Something has to break. Flags everywhere. No entries yet this evening for me. Hopefully I can keep my eyes open long enough for at least one good one.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 1.5.10 trend lines.gif Size: 24 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,850
  • Jan 6, 2010 2:02am Jan 6, 2010 2:02am
hi Rufus,

can you help me with the advanced and expert rules. i kind of understand the expert rules but don't know how to set it up. ive been trying the force5 in demo for quite a while now. how do you set up the pivot points? and also the expert rules. correct me if i am wrong, i have a 15min time frame, zoom it out. draw an upper and lower TL then change the timeframe to 5min. is this right? i also added bolinger band, it helps me a lot. can you help?
thanks

santino
  • #2,851
  • Jan 6, 2010 7:16am Jan 6, 2010 7:16am
If you go to the first post there is a Pivot Point MTF indicator there to use. I know originally we all put it on IBFX demo for the charts so all our charts were alike.

You are correct at first going to the 15 min, and then the 5 min.

I do not use BBs and honestly don't have a feel for them and can't help you with that.

What questions do you have about the Advanced and Expert version. Honestly, if you have not spent at least 3 hard months at the Advanced version of the system don't even think about the Expert version yet.

If you really want to understand what this system can do go back and read all of Jedi's and Robdee's posts. I still do.

Simple
A woman drove me to drink, and I forgot to thank her
  • #2,852
  • Edited 7:57am Jan 6, 2010 7:47am | Edited 7:57am
Quoting santino
hi Rufus,

can you help me with the advanced and expert rules. i kind of understand the expert rules but don't know how to set it up. ive been trying the force5 in demo for quite a while now. how do you set up the pivot points? and also the expert rules. correct me if i am wrong, i have a 15min time frame, zoom it out. draw an upper and lower TL then change the timeframe to 5min. is this right? i also added bolinger band, it helps me a lot. can you help?
thanks

santino
The thread we have here is like a book or manual on how to trade the F5. Don't underestimate the effectiveness of "basic and Advanced" when it comes to collecting pips. This is why I use a combination of them. Sometimes for me one trendline is tough to use. So I will use both.

Keep hanging arround and asking questions and watching charts with us all. The pips will come.

Simpleguy has been using this system a long time as well. As his name implies, he uses the Force simpler then I do. I use too many charts.

Many pips

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,853
  • Edited 9:41am Jan 6, 2010 9:39am | Edited 9:41am
Santino,

You wanted to know what an expert trade looks like, I have made one today to show you. It's not the best one of all, I think a better one is coming as I'm typing this. You can see on the chart that the 15:00 bar is a large bar, this bar and the next bar kept pushing the TL to higher and higher points.

the 15:10 is a down bar, but the important point is the bar at 15:15.

I want you to notice the very long wick at the top of the barYou notice how this almost touches the TL. What you can't see from the pic. is the dynamics of the PA that took place there. It just kept going up and down with incrediable speed, this is telling me that the fight is being better the bears and bulls. Then I watch the bar start to go back down, this is telling me the bulls are taking over so I took this as a counter trend scalp. I got 7 pips out of it.

As soon as I noticed a struggle between the bears and bulls I got out cause it is a counter trend, and I'm not very good at that.

If you go to your live charts I'm out plus 10 on the 15:35 chart. A very good 30 minutes of chart work, may not get anything I like for a day or so, I'm very tight on my trades.

Hope that helps,

Simple

Quoting santino
hi Rufus,

can you help me with the advanced and expert rules. i kind of understand the expert rules but don't know how to set it up. ive been trying the force5 in demo for quite a while now. how do you set up the pivot points? and also the expert rules. correct me if i am wrong, i have a 15min time frame, zoom it out. draw an upper and lower TL then change the timeframe to 5min. is this right? i also added bolinger band, it helps me a lot. can you help?
thanks

santino
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 100 KB
A woman drove me to drink, and I forgot to thank her
  • #2,854
  • Jan 6, 2010 9:51am Jan 6, 2010 9:51am
I am attaching the chart to show how important S/R is in trading. I konw it's off the daily but I think it best shows how it works.

Take care all,

Simple
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.jpg Size: 94 KB
A woman drove me to drink, and I forgot to thank her
  • #2,855
  • Jan 6, 2010 8:12pm Jan 6, 2010 8:12pm
After battling a large move last night, droped over 50 pips in 3 min. This messed up all my S/R and trendlines. I stayed upmand watched for close to two hours doing nothing but dozing off. This morning before headed to work I caught one. Now 12 hours later I still have a small part on that is sitting at 80 pips. I was only expecting only a 30 pip move, but I am not complaining.

The weekly pivot was a good protector for my stop.

Tonight I hit it again. See if I can grab some more pips.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 1.6.10.am.gif Size: 24 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,856
  • Jan 6, 2010 8:31pm Jan 6, 2010 8:31pm
Nice work Rufus, I caught a piece of that drop myself on the GBPUSD although it didnt move as much as the EURUSD.

cheers

N
  • #2,857
  • Jan 6, 2010 8:36pm Jan 6, 2010 8:36pm
Quoting nickmead
Nice work Rufus, I caught a piece of that drop myself on the GBPUSD although it didnt move as much as the EURUSD.

cheers

N

I don't have any rules as to how to handle a move like that if I am not already in it. I just have to sit back and let it go. I have been burnt to many times trying to catch a "falling knife".

Now I stick to the F5 rules.
Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,858
  • Jan 7, 2010 5:33am Jan 7, 2010 5:33am
thank you guys(Rufus n Simpleguy). great help in understanding the system. i like the basic n advance rules. expert made me confuse, but im sure with your help, i'll get use of the expert rules someday. i need to practice more of the basic and advance. im using the accuchart, gts platform of fxsol uk. i'll ask more question later.

santino
  • #2,859
  • Jan 7, 2010 9:01am Jan 7, 2010 9:01am
Another nice entry producing pips

Off weekly pivot and far enough away from "00" and S1 to get some movement.

Cheers

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 1.7.10 am.gif Size: 23 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,860
  • Jan 7, 2010 10:57pm Jan 7, 2010 10:57pm
Hi all in Force Land

Good example of a chart that you don't want to touch with a ten foot force 5 pole. This first week of the month is a mess to trade sometimes with all the news releases. I will give it a look this evening and more then likely call it an early night and get rested up for a better week next week.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: not force 5 material.gif Size: 21 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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