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The Force 5min system

  • #3,141
  • Oct 22, 2010 9:08am Oct 22, 2010 9:08am
Quoting stylesdad
Welcome.

I don't post often, but thought I would today because when I am on the thread I often see a few others reading it.

This has been very good for me. I have not quit my job yet but see hope. I have modified my TP to be 1:1. SL 20 TP 20 and since I am still learning price action I am using the advanced version, but I use the stoch divergence only after stoch has gone ob or os. Of course with the other force 5 signals.

I also use the weekly and monthly pivot points as a guide but for right now take my full profit at +20. I am sure I...

Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,142
  • Oct 22, 2010 10:53am Oct 22, 2010 10:53am
Good to see life in the thread again. Might be around to join in a bit next week.
  • #3,143
  • Oct 22, 2010 3:05pm Oct 22, 2010 3:05pm
Hey folks I remember this guy from when we use to have the live chat room. Chow really knows what he's talking about.

Would be great to have you around again!




Quoting ChowClown
Good to see life in the thread again. Might be around to join in a bit next week.
A woman drove me to drink, and I forgot to thank her
  • #3,144
  • Oct 23, 2010 7:08pm Oct 23, 2010 7:08pm
I am new to FF but not to trading. I just read this entire thread and want to thank all those who have contributed to it. I really want to thank Rufus and simpleguy for most recently keeping it alive. I have just started to apply it as I was reading it over the last week and it looks promising. I like the concepts and the simplicity already. I believe that to trade successfully you must go with the mob. Since your pivots, fibs, TLs (even though sometimes subjective) can be the same as most traders are looking at then they must be part of a trading strategy. The Force 5 strategy confirms this concept.

Some questions for everyone:

 

  1. Is vForce valuable or to be avoided? I'd rather not spend time reading that entire thread if it's not valuable.
  2. Why doesn't the original gang post anymore?

These questions are for Rufus:

 

  1. I am a little bit confused as to what timeframe you're trading on. It seems that you trade off 15 min and just use the Force 5 on the 5 min for entries. Can you clarify?
  2. I can only trade from 8-12 pm EST. Rufus, it seems like you trade the same so do you have any pointers for this session as it relates to Force 5? Can I realistically achieve pips using this method during this timeframe?
  3. For the Asia session, do you only trade EURUSD as Force 5 stipulates?
  4. I like to use daily, weekly and monthly pivots from ActionForex.com. Their daily pivots are based on a 5pm EST open. Thoughts on this?

Lastly, I would love to participate in a chat during Asia session (8-12pm EST) with focus on this method. Anyone up for that?

  • #3,145
  • Oct 24, 2010 9:33am Oct 24, 2010 9:33am
Quoting Reset_JL
I am new to FF but not to trading....
Hi All

I am on the road right now Doing this from my phone. when I get back this evening I will answwr.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,146
  • Oct 24, 2010 10:13am Oct 24, 2010 10:13am
Quoting Reset_JL
I am new to FF but not to trading. I just read this entire thread and want to thank all those who have contributed to it. I really want to thank Rufus and simpleguy for most recently keeping it alive. I have just started to apply it as I was reading it over the last week and it looks promising. I like the concepts and the simplicity already. I believe that to trade successfully you must go with the mob. Since your pivots, fibs, TLs (even though sometimes subjective) can be the same as most traders are looking at then they must be part of a trading...

Ok I lied. Happen to pull my laptop out.

Most all my entries are based on the 5m chart action. But everything is in light of the higher time frames. If you recall, fj laid his trendlines out on a 15m chart. I start with 4h and work my way down to 15m laying out my S/R, S/D etc. I watch the charts with 15m candles untill price gets to an area of intrest then enter on 5m. Not every F5 entry it taken.

8-12 est time works well. I lookk for entries with the first 2 1/2 hours of Asian then come back for 30min before FO till I have to go to bed, about 1 1/2 or 2 hours into London.

Post more latter have to hit the road

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,147
  • Edited 4:27pm Oct 24, 2010 4:13pm | Edited 4:27pm
Thanks a lot Rufus - I'm glad you're still keeping this thread alive. Look forward to anything you may add to my other questions/comments.

I've been trading going from 60 - 15 - 5 min (trading primarily on 15) so I'm really looking forward to applying this system more and listening to you. Do you recommend I go through your Rufus thread journal for more about trading 8-12pm EST with this system?
  • #3,148
  • Oct 25, 2010 5:50am Oct 25, 2010 5:50am
Hi
I am also new to FF but have been following this system for the last couple of months in the background. I have also followed Rufus's journey through this thread and his journal. Great stuff! looking to learn and get more confident trading PA using this system so would be great if this thread came to life again.
  • #3,149
  • Oct 25, 2010 6:29am Oct 25, 2010 6:29am
Hi everyone!

Does anybody have BB MACD for MT5???

Appreciate if somebody attaches it here
  • #3,150
  • Oct 25, 2010 12:44pm Oct 25, 2010 12:44pm
Quoting milliellen
Hi
I am also new to FF but have been following this system for the last couple of months in the background. I have also followed Rufus's journey through this thread and his journal. Great stuff! looking to learn and get more confident trading PA using this system so would be great if this thread came to life again.
Hi all

I am at work now. This evening when I am home I will be able to get back to the mnarkets and FF. I havn't even been able to do my premarket work yet.

Trade safe

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,151
  • Oct 25, 2010 8:00pm Oct 25, 2010 8:00pm
Quoting Reset_JL
I am new to FF but not to trading. I just read this entire thread and want to thank all those who have contributed to it. I really want to thank Rufus and simpleguy for most recently keeping it alive. I have just started to apply it as I was reading it over the last week and it looks promising. I like the concepts and the simplicity already. I believe that to trade successfully you must go with the mob. Since your pivots, fibs, TLs (even though sometimes subjective) can be the same as most traders are looking at then they must be part of a trading...

OK back to the questions.

The F5 should only be used with EURUSD. I am not saying the other currencies wouldn't work, it is that is what the standard here is for it. I personally take by far most of my positions with the EU anyway. Price action for me has been a little more predictable. When ever I use the F5 it is al;ways with the EU.

As for chat...I never liked doing it much. I had a hard time keeping up with the chat plus watching charts. I am a slow typer so chatting for me had always been cumbersome and it caused me to miss some entries.

VForce I don't use. Mainly because if I am usinf F5 I will already be in the position. Also I would say put your time in on the F5 thread as opposed to the Vforce thread. Vforce may thread may be active, but there is a lot of very useful information on F5 thread that needs to be digested.

As for the original gang????

Maybe they are all retired on FX money living in the Bahamas on nude beaches.

Pivots....

See which ones work for you. The key is to find the ones that others are using so you can be in on the movement. I will attach the one I use.

Ask any and all questions. I don't mind and will get to them ASAP.

Rufus
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 360 downloads
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,152
  • Oct 25, 2010 9:04pm Oct 25, 2010 9:04pm
Quoting Reset_JL
Thanks a lot Rufus - I'm glad you're still keeping this thread alive. Look forward to anything you may add to my other questions/comments.

I've been trading going from 60 - 15 - 5 min (trading primarily on 15) so I'm really looking forward to applying this system more and listening to you. Do you recommend I go through your Rufus thread journal for more about trading 8-12pm EST with this system?
I would say stick with F5 thread information. In my journal I am doing a lot of other things that will latter tie in with F5 things,

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,153
  • Oct 26, 2010 8:12am Oct 26, 2010 8:12am
Thanks a lot Rufus. Just curious: what timeframe your daily pivots are based on? I use daily pivots based on 5pm EST close which I think is the most logical since peak trading hours are right in the middle of that timeframe. I also think that makes more sense when trading the Asia session so pivots are reset right before the Asia open. Thoughts?
  • #3,154
  • Oct 26, 2010 9:07pm Oct 26, 2010 9:07pm
Quoting Reset_JL
Thanks a lot Rufus. Just curious: what timeframe your daily pivots are based on? I use daily pivots based on 5pm EST close which I think is the most logical since peak trading hours are right in the middle of that timeframe. I also think that makes more sense when trading the Asia session so pivots are reset right before the Asia open. Thoughts?
Mine switch right at the Asian opening. I believe they use 00:00 GMT. Not sure though. The important thing is to watch how price reacts to where they are set. At times it is a brick wall that price bounces right off of. Others just blow on through. I like to watch for confluences of pivots, "00", fibs etc. all working together. When this happens the chart starts screeming at you where to trade it.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,155
  • Oct 26, 2010 10:27pm Oct 26, 2010 10:27pm
If they switch at the Asia opening then it's a 7pm EST calc. Yes, I am also seeing that TLs can be part of that confluence. I am developing a way to objectively set my trend lines.

Meanwhile, the following got me all messed up today, especially the 20:45 candle. That's an anomaly during this session, right?!
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.png Size: 166 KB
  • #3,156
  • Oct 27, 2010 12:30am Oct 27, 2010 12:30am
Quoting Reset_JL
If they switch at the Asia opening then it's a 7pm EST calc. Yes, I am also seeing that TLs can be part of that confluence. I am developing a way to objectively set my trend lines.

Meanwhile, the following got me all messed up today, especially the 20:45 candle. That's an anomaly during this session, right?!
I am not sure which candle in comparison with my chart. But here is a good example I look for durring the Asian session. I like to see price move into a previous pprice action area. In this case a small supply area, a lot of sellers few buyers. The red candle is the entry. The yellow line the S/D area. I did not catch this one, eating dinner with my wife. But it was good for 30 or so pips.

I will be looking at FF and London this evening for a position. Time for me to open a fresh can of whoop ass.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.26f5.jpg Size: 84 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,157
  • Oct 27, 2010 3:17am Oct 27, 2010 3:17am
EU short Good for 25 pips but ran into a small demand zone.

Shows a little how I look at the charts.

“If your mind is not in gear with the markets, or if you ignore changes in mass psychology of crowds, then you have no chance of making money trading. All winning professionals know the enormous importance of psychology in trading. All losing amateurs ignore it.”

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.26eushort5m.jpg Size: 80 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,158
  • Oct 27, 2010 3:33am Oct 27, 2010 3:33am
Quoting Rufus
EU short Good for 25 pips but ran into a small demand zone.

Shows a little how I look at the charts.

“If your mind is not in gear with the markets, or if you ignore changes in mass psychology of crowds, then you have no chance of making money trading. All winning professionals know the enormous importance of psychology in trading. All losing amateurs ignore it.”

Rufus
Is the demand zone an area you highlighted before entering the trade or what you observed through price action when it reached that particular price level?
thanks
  • #3,159
  • Oct 27, 2010 7:42am Oct 27, 2010 7:42am
Quoting Reset_JL
If they switch at the Asia opening then it's a 7pm EST calc. Yes, I am also seeing that TLs can be part of that confluence. I am developing a way to objectively set my trend lines.

Meanwhile, the following got me all messed up today, especially the 20:45 candle. That's an anomaly during this session, right?!
1. Here is how I do it on the 5 minute TF. I go to the 15 minute and zoom out. Look to the left and find the highest and lowest point. then I draw the line to the next swing high/low that will keep everything either below or under it. then I go down to the 5 minute TF. Here I will draw a secondary line for the shorter term trends.

2. What Rufus stated above is how I look for trades also. Find a place were people are buying and selling and look for the rejects off of the trade area. Those long wicks he showed are very pretty, they are telling you that a lot of people liked the long and pushed it hard up. then a lot of people pushed back down that bar. The next bar did the same thing. The third bar in this series is the key. when it made the push long, it stalled really quick. This is telling you that the buyers ran away and only the sellers are left in the market.

3. Someone earlier asked if Vforce is still an option, I would say it was a no go from the start. that system is what happens when people get indicator happy. I never used and everyone that did told me they didn't care for it too much.

4. Original gang of the Force. I've seen a few of them lurking around here and there. I see a few that are still jumping from system to system trying to find out what works. They have yet to realize what works is hours of learning, practice, and hard work. Don't get suckered into this. I have looked at lots of different systems and have learned things from them but in the end it all comes back to the basic simple price action.

5. Remember you don't have to do a bunch of different things in Forex to make money. Learn one thing and learn it well. Once you can trade that one entry well, and can prove you can do with 3 months of live trading, try a second option. Wish i would have done it that way in the beginning.

Sorry for the long post, just have not been on here replying to a lot of posts lately. I'll help anyone when I can. keep up the great work Rufus!
A woman drove me to drink, and I forgot to thank her
  • #3,160
  • Oct 27, 2010 8:43am Oct 27, 2010 8:43am
Quoting milliellen
Is the demand zone an area you highlighted before entering the trade or what you observed through price action when it reached that particular price level?
thanks

I lay them all out. My goal is to understand how far price can move before I even take the position. I will even highlight the "00" areas to prevent me from trading into them. This prevents me from taking a position with little room for price to move. You will notice in the one I posted, that I did not take the first break below "00" I took the retest.

Last nights position reversed quicker than I expected. But no loss, I already had taken most of my profit.

The chart attached is a 1hr chart that I recoprded in my personal trade journal, showing what I had layed out before I took a position.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.26eushort1h.jpg Size: 101 KB
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