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The Force 5min system

  • #2,901
  • Feb 15, 2010 9:19pm Feb 15, 2010 9:19pm
Here is a recent chart using range bars. In this instance the bars are 7 pips in length, That means that you only get a bar when the price move outside the range of the last bar. Time does not come into it. The chart is calculated purely on price action.
(Hope this works out as I have not posted a chart before)
Attached Image (click to enlarge)
Click to Enlarge Name: range bar chart.gif Size: 41 KB
  • #2,902
  • Feb 15, 2010 10:25pm Feb 15, 2010 10:25pm
Quoting Johnoz
Here is a recent chart using range bars. In this instance the bars are 7 pips in length, That means that you only get a bar when the price move outside the range of the last bar. Time does not come into it. The chart is calculated purely on price action.
(Hope this works out as I have not posted a chart before)

well somebody correct me if I am wrong.

I definetly see the advantage of the range chart you are posting. The problems I see is that the 5 ema,s would be altered if they are calculated with the range bars. The same could hold true with the stocastis and MACD. In which case you wouldn't have the Force 5 system.

Now if it works for you it may be the ticket. One of the things I do is have other charts running with other indicators and such to help me keep track of things surrounding current price. S/R, pivots, fibbs, etc. But my entries are with the Force 5 signal. The other charts are to help me interpret price action. For me the range bars would help me interpret as well.

Hope this is of some use to you

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,903
  • Feb 16, 2010 12:18am Feb 16, 2010 12:18am
Quoting Johnoz
Here is a recent chart using range bars. In this instance the bars are 7 pips in length, That means that you only get a bar when the price move outside the range of the last bar. Time does not come into it. The chart is calculated purely on price action.
(Hope this works out as I have not posted a chart before)
Looks interesting Johnoz, how can range bars be placed on MT4?
What you do is a reflection of you....what I do is a reflection of me.
  • #2,904
  • Feb 16, 2010 12:50am Feb 16, 2010 12:50am
Quoting Rufus
Looks like Tokyo open brought us a little movement that we can possibly work with latter tonight (tonight for me that is) . Price is quite range bound Monthly pivot, daily R1, and yesterdays high, all above it. It will take a lot to break through on the upside. We will see.

Anyway the Force is still alive and kicking.

Rufus
Hi Rufus

How's the Tokyo open market treating you?

Cheers
What you do is a reflection of you....what I do is a reflection of me.
  • #2,905
  • Feb 16, 2010 1:07am Feb 16, 2010 1:07am
Hi Ezzy

I won't post any more regarding Range Bars here. If you would like to PM me with your email address I will try and answer your questions. As a Junior Member on this Forum, I am unable to use the PM facility.

John
  • #2,906
  • Feb 16, 2010 8:00am Feb 16, 2010 8:00am
Quoting Ezzy
Hi Rufus

How's the Tokyo open market treating you?

Cheers
Not much lately.

I only look for entries for about an hour and a half after it opens.
Lately it seems like we get a sudden burst of 20 pips or so with no warning, or ir has been flat.

Looks like I picked a good night to give up staying awake, London looks like it was tough to trade. Hope you all stayed in the green.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,907
  • Feb 16, 2010 10:53am Feb 16, 2010 10:53am
I hope you guys have been in with trend here and buying on the pull backs. I think right now in the 1.3740-50 we might have some Resistance but after that I'm looking at the W R1 line.

Would not even consider a short until we have a good bit of consolidation or a bounce off a pivot or S/R. Even with this happening with the Trend we have I will only short with half of my normal volume.

Any other opinions out there?
A woman drove me to drink, and I forgot to thank her
  • #2,908
  • Feb 16, 2010 6:46pm Feb 16, 2010 6:46pm
Quoting simpleguy
I hope you guys have been in with trend here and buying on the pull backs. I think right now in the 1.3740-50 we might have some Resistance but after that I'm looking at the W R1 line.

Would not even consider a short until we have a good bit of consolidation or a bounce off a pivot or S/R. Even with this happening with the Trend we have I will only short with half of my normal volume.

Any other opinions out there?

All I can do is support that opinion. WR1 is 3 pips away from "00" on top of all that. The dollar has seen so much strength lately I would fullly expect a good pull back. Personally I think before London closes that price will go through WR1. The pips will soon tell. There has not been a lot of strong fundamentals to support this recent dollar strength.

Also note on the attachment that we fell tom 61.8 fib.

Ah well, my 2 pips worth.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart with fibs.jpg Size: 133 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,909
  • Feb 17, 2010 12:29am Feb 17, 2010 12:29am
Too early in the morning for me to catch yesterdays big bullish move, however until that point the market was fairly ordinary to trade. Hopefully we have a better day today.
What you do is a reflection of you....what I do is a reflection of me.
  • #2,910
  • Feb 17, 2010 11:13am Feb 17, 2010 11:13am
These past two days are a good example of this. My Logic, if the market is going up, I buy it on dips, and when it hits my stop loss I sell. Yesterday people getting worried about everything and I heard many of times, "what is the market is doing?" Well, as my nickname suggests I'm a simpleguy, I looked at the chart and said, "it's going up" How long, I didn't know, but I knew the charts will tell me. Yesterday, I looked for areas of S/R, TL, and watched Price Action. Keep a simple approach and the market will tell you what to do.

Good luck and happy pips!
A woman drove me to drink, and I forgot to thank her
  • #2,911
  • Feb 17, 2010 1:19pm Feb 17, 2010 1:19pm
Quoting simpleguy
These past two days are a good example of this. My Logic, if the market is going up, I buy it on dips, and when it hits my stop loss I sell. Yesterday people getting worried about everything and I heard many of times, "what is the market is doing?" Well, as my nickname suggests I'm a simpleguy, I looked at the chart and said, "it's going up" How long, I didn't know, but I knew the charts will tell me. Yesterday, I looked for areas of S/R, TL, and watched Price Action. Keep a simple approach and the market will tell you what to do.

Good luck...

Amen Simple

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,912
  • Feb 17, 2010 1:25pm Feb 17, 2010 1:25pm
Caught a nice move this morning.

The blue buy signal after my sell I ignored because it did not close above my trend line.

Then I went for a ride.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: force 5 2-17.gif Size: 26 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,913
  • Feb 18, 2010 8:14pm Feb 18, 2010 8:14pm
Where is FJ? He doesn't post anymore. Does he not like us?
  • #2,914
  • Feb 18, 2010 8:25pm Feb 18, 2010 8:25pm
Quoting big_pipin
Where is FJ? He doesn't post anymore. Does he not like us?
Last I heard he still trades the system. He poped in a few months back and shared some things. Hopefully He is out enjoying the fruits of all his labor.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,915
  • Feb 18, 2010 8:43pm Feb 18, 2010 8:43pm
So I assume he's been rather successfull at the Force System? Maybe he's at the beach in the Florida keys on his condo balcony, trading off his laptop
  • #2,916
  • Feb 18, 2010 8:59pm Feb 18, 2010 8:59pm
Quoting big_pipin
So I assume he's been rather successfull at the Force System? Maybe he's at the beach in the Florida keys on his condo balcony, trading off his laptop
For me that would be a big ranch in the mountains, with no neighbors in sight. Trade naked on the front porch if I want.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,917
  • Feb 18, 2010 9:32pm Feb 18, 2010 9:32pm
Quoting Rufus
For me that would be a big ranch in the mountains, with no neighbors in sight. Trade naked on the front porch if I want.

Rufus
lol.
  • #2,918
  • Feb 26, 2010 3:24pm Feb 26, 2010 3:24pm
Hi everyone!! I read thread, it's really impressive.. Does anyone trading now with this system?

Best regards, Noisee.
  • #2,919
  • Feb 26, 2010 7:27pm Feb 26, 2010 7:27pm
Quoting Noisee
Hi everyone!! I read thread, it's really impressive.. Does anyone trading now with this system?

Best regards, Noisee.

Hi Noisee

There are a number of us who trade the system. It is profitable. The tendency is to over trade. Trendlines and pivots are very important.

Don"t hesitate to podt questions. There are a number of us checking in who will do their best to answer them.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,920
  • Feb 26, 2010 9:27pm Feb 26, 2010 9:27pm
Thx for reply, Rufus.

I have one question: do u trade with this system (originally, by FJ), or use some other indi?
My eng is not so good, sorry, if somewhere would be mistakes..

Best regards, Noisee.
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