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The Force 5min system

  • #2,861
  • Jan 11, 2010 2:01pm Jan 11, 2010 2:01pm
Hi all,
I'm new in this forum I hope that you help me improving my forex skills to make money. I want to learn from you because you have a lot of experience what I need..
  • #2,862
  • Jan 11, 2010 8:30pm Jan 11, 2010 8:30pm
Quoting HotFX
Hi all,
I'm new in this forum I hope that you help me improving my forex skills to make money. I want to learn from you because you have a lot of experience what I need..
Hi HotFX

Great to have you aboard.

Work your way through the thread and as questions come up ask.
There is a lot of information here. And if applied correctly you will collect pips.

Happy pippin

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,863
  • Jan 12, 2010 8:28am Jan 12, 2010 8:28am
15 m chart here to get a view of what is going on.

Some of the trendlines were put there days ago. First they were resistance then support.

At the start of my trading session I look at all the old tl and get rid of the ones that have been repeatedly violated. Then add in new ones.

It is intresting how they will come into play.

Rufus

ps. some of tl here I will get rid of now. This is an example of just turning on computer and seeing old ones and how they performed.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-12 trendlines.gif Size: 28 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,864
  • Jan 12, 2010 8:35am Jan 12, 2010 8:35am
Adjusted for my short time I have available before I go to work.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 1-12 trendlines adjusted.gif Size: 31 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,865
  • Jan 12, 2010 8:40am Jan 12, 2010 8:40am
Rufus,

Here is mine for the day what I'm starting my trading off of. I have to keep all the TLs off mine to keep me from going blind watching all the lines.

As I am typing the candle is blowing past the TL, so they will be adjusted up, awaiting the next touch.

Simple
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.jpg Size: 119 KB
A woman drove me to drink, and I forgot to thank her
  • #2,866
  • Jan 12, 2010 8:44am Jan 12, 2010 8:44am
Quoting simpleguy
Rufus,

Here is mine for the day what I'm starting my trading off of. I have to keep all the TLs off mine to keep me from going blind watching all the lines.

As I am typing the candle is blowing past the TL, so they will be adjusted up, awaiting the next touch.

Simple

Its been a lot of up and down all night. I am watching this move right now off that upper trendline. Might be a signal.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,867
  • Jan 12, 2010 8:59am Jan 12, 2010 8:59am
Rufus,

I am personally waiting for an failed attempt at the upper TL before I will trade off it it. Too often I have not waited and thought I have something to have the next bar reverse and blow past it. and we are still under the daily open.

Now a new bar just broke above the daily pivot so I have to wait for that to be retested and not fail before I can trade off of it. I miss some trades by doing this by it increases my success factor. It's the way Jedi traded during his chat sessions about a year ago now.

Simple
A woman drove me to drink, and I forgot to thank her
  • #2,868
  • Jan 12, 2010 9:13am Jan 12, 2010 9:13am
Quoting simpleguy
Rufus,

I am personally waiting for an failed attempt at the upper TL before I will trade off it it. Too often I have not waited and thought I have something to have the next bar reverse and blow past it. and we are still under the daily open.

Now a new bar just broke above the daily pivot so I have to wait for that to be retested and not fail before I can trade off of it. I miss some trades by doing this by it increases my success factor. It's the way Jedi traded during his chat sessions about a year ago now.

Simple
When you look at daily open. Do you use Tokyo open?
In this case it corrosponds with the daily pivot?

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,869
  • Jan 12, 2010 9:26am Jan 12, 2010 9:26am
I use 0:00 on IBFX for my daily open. Robdee found some awesome correlations to trading related to that back around Jan. of last year. Some good reading if you pull it up. I still go back to his stuff.

This last bar came within two pips of the Upper TL, now it give it slightly more credibility. Would like to see it tested again, a little pull back, another test, then I would consider a full ride short position.

Simple
A woman drove me to drink, and I forgot to thank her
  • #2,870
  • Jan 12, 2010 11:14am Jan 12, 2010 11:14am
I had a few PMs from the weekend to now asking about TL and TL bounces. Here is how I did my last trade. I allowed the market to just keep going up and up. It peaked and made a retracement, now at this point I waited for it to back up to test the TL. In this case it was a great point of resistance. We have an old TL coming into play, WR1, and a lower high. I took the next entry. Closed half my profit at +10 and moved my Sl to BE. my second half closed out at +1. For me, a nice little profit.

currently I'm waiting for it to drop further. the market is above the daily open & pivot and we have a mixed picture on the trend in my opinion. so I'm just going to sit back and wait for the big boys to tell me where they want to push this and jump on their coat tails.

Hope this helps those that sent the emails,

Simple
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.jpg Size: 112 KB
A woman drove me to drink, and I forgot to thank her
  • #2,871
  • Jan 12, 2010 11:51am Jan 12, 2010 11:51am
Quoting Rufus
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

Hi Rufus,

What indicator do you use on the candles?

Appreciate your help

AJ
  • #2,872
  • Jan 12, 2010 10:02pm Jan 12, 2010 10:02pm
Quoting airseed
Hi Rufus,

What indicator do you use on the candles?

Appreciate your help

AJ
Hi Airseed

Do a search on this thread and look for 'audioalerts"

I don't know how much experience you have with The Force 5 or forex for that matter. But just in case, you can't just plug this in and trade. There are a lot of other things to take into consideration.

This thread is absolutely fantastic when it comes to learning about the forex market and price action and how these indicators work. So the best advice I can give is go through the thread and start reading. Just 5 min ago I was going through it again looking up some things and found stuff I had either forgotten or just at the time when I read it did not know enough to understand what was being discused. I am making myself a Force 5 manuscript to refer back to.

The system works. It just takes time and study. The pips will be there.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,873
  • Jan 13, 2010 10:14am Jan 13, 2010 10:14am
Quoting Rufus
Hi Airseed

Do a search on this thread and look for 'audioalerts"

I don't know how much experience you have with The Force 5 or forex for that matter. But just in case, you can't just plug this in and trade. There are a lot of other things to take into consideration.

This thread is absolutely fantastic when it comes to learning about the forex market and price action and how these indicators work. So the best advice I can give is go through the thread and start reading. Just 5 min ago I was going through it again looking up some things and...




Thank you much
AJ
  • #2,874
  • Jan 20, 2010 1:57pm Jan 20, 2010 1:57pm
Hi,

Does anyone know if Forexjedi is still trading this live somewhere?

Thanks!
  • #2,875
  • Jan 21, 2010 7:39am Jan 21, 2010 7:39am
He still does trade this system. It's a good system, just takes some time to get it down. It really teaches you how to read price action.

Simple
A woman drove me to drink, and I forgot to thank her
  • #2,876
  • Jan 21, 2010 8:33am Jan 21, 2010 8:33am
Quoting simpleguy
He still does trade this system. It's a good system, just takes some time to get it down. It really teaches you how to read price action.

Simple
Thank you simpleduy, FJ, Rufus, Robdee and other nice guys, I started learning this promising system and i see a lot of potential in it. Just have a lot to read - started the threat from the beginning - a lot of useful opinions :-)
Thanks
  • #2,877
  • Jan 21, 2010 5:26pm Jan 21, 2010 5:26pm
Quoting simpleguy
He still does trade this system. It's a good system, just takes some time to get it down. It really teaches you how to read price action.

Simple
Hi Simple,

Thanks for the reply.

Do you know if he is operating a chatroom or or posting somewhere else?

Thanks again, Scott
  • #2,878
  • Jan 21, 2010 5:49pm Jan 21, 2010 5:49pm
Quoting nsscott
Hi Simple,

Thanks for the reply.

Do you know if he is operating a chatroom or or posting somewhere else?

Thanks again, Scott
I do not believe there is an active chat room.

It is a great system and I look forward to hearing how you are doing with it. Don't hesitate to ask questions. The thread is valuable. It reads like a Force 5 trading manual. I have been putting together a manual for me to use and refer back to.

Happy Pippen

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,879
  • Jan 22, 2010 9:02am Jan 22, 2010 9:02am
I Just downloaded this trading simulator and it is very nice. I have it set up that a 5 min bar goes every 30 seconds. I normally do about a months of trading in 20 minutes or so. It is helping a lot and this is after doing the system for over a year now. I am also using it to learn another system I'm implementing. I have seen and trading about 2 years of bars with it and I'm getting it into my head quicker than I thought was believable. I highly recommend using it. To make it simple, even pro athletes practice daily to get better at what they do.

Just a suggestion!

Simple!
A woman drove me to drink, and I forgot to thank her
  • #2,880
  • Jan 22, 2010 3:31pm Jan 22, 2010 3:31pm
Quoting Rufus
I do not believe there is an active chat room.

It is a great system and I look forward to hearing how you are doing with it. Don't hesitate to ask questions. The thread is valuable. It reads like a Force 5 trading manual. I have been putting together a manual for me to use and refer back to.

Happy Pippen

Rufus
Thanks for the reply. I was attracted to this thread as I have traded, a couple years ago, a similar approach without the MACD and Stochs. I traded triangle BOs in the direction of the the 5s. Worked well, not sure why I stopped. This does seem more accurate. A little different I guess since I was trading BOs instead of bounces.

Big Pips to you,

Scott
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