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The Force 5min system

  • #2,961
  • May 3, 2010 12:18am May 3, 2010 12:18am
Quoting fisherpips
Thanks Rufus, I’ll check for the book

The final goal for The Force is to trade without indicator, like FJ said in post # 1761
Looks also for FJ’s chart on that post, I think the trade is base on PA.

How can I learn about PA?

Thanks

I think the best way to learn PA is hours of chart watching. In particular how price moves around S/R. fibs, trendlines, "00" I don't know of any other way. I rely a lot on PA now. A lot of my entries are not with a force signal. But often times the signal is there as well.

The force system will show you chart action but you still need to put in the time in front of the chart. But also learn how your mind reacts or moves with all this as well, especially when you have money on the line.

It is work to get the hang of this. I love the mental chalange it offers. You can get into charts and even the history behind it all. Like "Why is there a world bank" or what is the BIS. Bank of International Settlements.

So learn it but have fun in the process.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,962
  • May 3, 2010 12:55am May 3, 2010 12:55am
Price action for you. Divergence here. Are we headed up?

Rufus
Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,963
  • May 3, 2010 1:39am May 3, 2010 1:39am
Quoting Rufus
Price action for you. Divergence here. Are we headed up?

Rufus

just go back from my lunch

still watching the chart
but
take no action
because i still dont know what to do
  • #2,964
  • May 3, 2010 6:52am May 3, 2010 6:52am
The meaning of what FJ said is what you are feeling right now. You need screen time watching what is happening. After a while you will begin to see how things move off of TL, Piviots, and areas of S/R. Notice what it looks like when it bounces off of something, the speed it moves, how far, does it rebound and go through the support? Learning all this is what you should be dong right now.

For right now look for the price to bounce off of something and go in a direction, then look that all the indicators are lining up, ALL of them. then go in. Do this on Demo and see what you start to learn. Post your charts up here and some people will look them over.

Keep asking questions.

Oh, and I read in one of your other posts about knowing what to do but not able to. I have to be honest, 2 years ago I was the same way, but now I know, I didn't know crap, lol.


Quoting fisherpips
Hi Rufus...
A woman drove me to drink, and I forgot to thank her
  • #2,965
  • May 3, 2010 9:26am May 3, 2010 9:26am
this is the current trade I am in and How I am looking at it. You can see the downward trend that is occuring. what I did was wait for the for the candle to move down and back to the trend line and bounce off of it. It closed down, and then I waited for the next bar to break the low of the bar that bounced off the TL (trade entered on the 16:25 bar). My stop loss is the TL + 2.

On the news spike I closed out at 50% of my trade at +10 how I'm waiting to see if it runs or stays still. Now I'm ready to get out if I don't get a stronger downward trend.

I don't use MACD or Stochs any more, I trade fairly naked just using some TL and Horizonal lines. If you are one of the newer people I would suggest not doing this for a while, not until you get a very good feel of the market and how the Pair works.

PS. It's dropping well right now, it's at +15, have to go and manage it. Will not let it go further back than +5 at this point.
Attached Image (click to enlarge)
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A woman drove me to drink, and I forgot to thank her
  • #2,966
  • May 3, 2010 10:10am May 3, 2010 10:10am
I am out, I don't like the higher high and I'm taking my money and off to the bank. I think there is a chance that I might end up leaving some money on the table, I'm okay with that, not being greedy. I felt myself getting a little excited about the trade, that usually means I'll make some stupid choices so I run from it.

Actually now that I'm out and typing this I see it has already went down a little further. I'm okay with any time I end up on the right side of the trade. +53 pips
Attached Image (click to enlarge)
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A woman drove me to drink, and I forgot to thank her
  • #2,967
  • May 30, 2010 12:53am May 30, 2010 12:53am
Hi all

Just though I'd share some Force trades I took last Friday (Oz time). As you can see in the chart, I was only looking for short trades. Also I missed one near the beginning of the down trend. Also, there was a good signal to the upside just after my first short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: force.gif Size: 24 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #2,968
  • May 30, 2010 10:11am May 30, 2010 10:11am
Quoting Ezzy
Hi all

Just though I'd share some Force trades I took last Friday (Oz time). As you can see in the chart, I was only looking for short trades. Also I missed one near the beginning of the down trend. Also, there was a good signal to the upside just after my first short trade.

Nice..........
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,969
  • May 30, 2010 9:50pm May 30, 2010 9:50pm
Quoting Ezzy
Hi all

Just though I'd share some Force trades I took last Friday (Oz time). As you can see in the chart, I was only looking for short trades. Also I missed one near the beginning of the down trend. Also, there was a good signal to the upside just after my first short trade.
Hi Rufus,

I was in a hurry yesterday and forgot to add, that the first trade was quite a risky one and I was lucky to get away with a small profit. If you see the first arrow, there are support and resistance trend lines close together, therefore not the best place to open a Force 5 position.

We'll see what London open brings us today.

Cheers to all.
What you do is a reflection of you....what I do is a reflection of me.
  • #2,970
  • May 30, 2010 11:45pm May 30, 2010 11:45pm
Quoting Ezzy
Hi Rufus,

I was in a hurry yesterday and forgot to add, that the first trade was quite a risky one and I was lucky to get away with a small profit. If you see the first arrow, there are support and resistance trend lines close together, therefore not the best place to open a Force 5 position.

We'll see what London open brings us today.

Cheers to all.
No London for me today. My head has been hurting all day. Just starting to get back to normal. Going to hit it tomorrow

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,971
  • May 31, 2010 8:12pm May 31, 2010 8:12pm
Hi Ezzy ,


Good to see you are still trading " The Force ". I see Rufus post now and again as well. I thought this thread had died . I have sent a couple PM's to FJ thanking him for sharing the system but with no replies. I imagine he is quietly making some nice $$$ with the system daily. Good to see some new posts on this thread . I wish you and Rufus continued success in your trading.

Best in Life,

EZ
" Master Your Set-Up , Master Yourself "
  • #2,972
  • May 31, 2010 8:19pm May 31, 2010 8:19pm
Quoting EZTrades
Hi Ezzy ,


Good to see you are still trading " The Force ". I see Rufus post now and again as well. I thought this thread had died . I have sent a couple PM's to FJ thanking him for sharing the system but with no replies. I imagine he is quietly making some nice $$$ with the system daily. Good to see some new posts on this thread . I wish you and Rufus continued success in your trading.

Best in Life,

EZ
Thanks EZ
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,973
  • Jun 2, 2010 12:34pm Jun 2, 2010 12:34pm
So are you guys still trading according to the original rules or have you changed them at all?

Simple
A woman drove me to drink, and I forgot to thank her
  • #2,974
  • Jun 2, 2010 10:55pm Jun 2, 2010 10:55pm
Quoting simpleguy
So are you guys still trading according to the original rules or have you changed them at all?

Simple
.

When I take a Force signal. It is all Force. I do another system as well.


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,975
  • Jun 2, 2010 10:56pm Jun 2, 2010 10:56pm
Quoting simpleguy
So are you guys still trading according to the original rules or have you changed them at all?

Simple
Hi Simple, I don't use this system now, because it makes a lot of false signals and I don't know how to filter it. If you are using this system maybe you can tell your method of filter?
  • #2,976
  • Jun 2, 2010 11:42pm Jun 2, 2010 11:42pm
Quoting Alex_F.X.
Hi Simple, I don't use this system now, because it makes a lot of false signals and I don't know how to filter it. If you are using this system maybe you can tell your method of filter?

Hi Alex.

Right now the Euro is either range bound or sudden bursts of activity with all the uncertainty in Europe and the rest of the world. So right now it is tough to get a trend to work the force with.

As you read through the thread FJ pointed out that this system teaches you price action. So with trend lines you also lay out all your S/R, pivots etc. Then trade accordingly. Not every signal is a valid one. You only take the ones with best probability of giving you some pips. With each signal you can ask yourself " If I enter here, am I acting in my own best intrest?" If the answer is not "yes" don't take the trade. You also may need to adapt the money management rules to suit you better.

You also asked me about my other system. It is not much of a system per say. I start with a naked chart and build in S/R levels and trade accordingly. Which I think is what FJ was trying to teach here. I have a journal here on FF, toward the end of it you will see what I mean if you look at it.

Trade well

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,977
  • Jun 3, 2010 5:31am Jun 3, 2010 5:31am
Quoting Pipquest
Thanks Fxjedi I like everything about the system including the name!!! I will give it a try!
hey

can anyone please explain to you how this system works ? i have read it a few times but dont get it. i dont understand the indicators bits either. iam new to trading so if anyone can provide a thorough simple explanation, i would really appreciate that.

thank you
  • #2,978
  • Jun 3, 2010 7:15am Jun 3, 2010 7:15am
Quoting whatfx
hey

can anyone please explain to you how this system works ? i have read it a few times but dont get it. i dont understand the indicators bits either. iam new to trading so if anyone can provide a thorough simple explanation, i would really appreciate that.

thank you
Check out my three posts on the page before this. see if that helps you. Remember, this is a reversal system looking for things to go into a trend. As Rufus said, in the current climate it is hard to do because of the fast movements in a direction. the way I am personally handling this is getting the SL into profit as quick as I can and as the bar shoots up keep moving up with it.

Goal of this system is to learn how to watch price action so you can be profitable. This is not the easiest thing in the orld, but it's not that hard if you want to dedicate yourself to this. Please don't go jumping from system to system, you will just waste your time and effort. find one that is good, and learn it inside and out. I still think this is one of the best.

Simple
A woman drove me to drink, and I forgot to thank her
  • #2,979
  • Jun 3, 2010 7:40am Jun 3, 2010 7:40am
Quoting simpleguy
Check out my three posts on the page before this. see if that helps you. Remember, this is a reversal system looking for things to go into a trend. As Rufus said, in the current climate it is hard to do because of the fast movements in a direction. the way I am personally handling this is getting the SL into profit as quick as I can and as the bar shoots up keep moving up with it.

Goal of this system is to learn how to watch price action so you can be profitable. This is not the easiest thing in the orld, but it's not that hard if you want to...

Simple is right.....

I think one of the worst things a guy can do is bounce arround. Pick something, put in the work, ask questions, learn it till the system and the Forex market become a part of your life.
.
Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,980
  • Jun 10, 2010 7:39am Jun 10, 2010 7:39am
DON'T TRADE DURING THE NEWS!!!!!!! Just wiped out a decent start of the day, I'm so mad at myself right now for not paying attention to what time it is.

this is why I NORMALLY put vertical lines on my chart at the times of major news so i don't forget. I got out of the habit and it really bite my ass today. this is just a way for me to vent at something other than the walls in my basement and hope it helps someone else.

Good day, I have my focus back, I'm back to trading!
A woman drove me to drink, and I forgot to thank her
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