The Force 5min system | Page 160 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Intresting finding or simply statistic: 5min candel 14 replies

5min Bollinger breakout system 42 replies

My journal on The Force 5min system 5 replies

Backtest Data Timeframe > 1min, 5min necessary? 2 replies

Attachments: The Force 5min system
Exit Attachments

The Force 5min system

  • #3,181
  • Nov 4, 2010 10:20am Nov 4, 2010 10:20am
Quoting milliellen
Hi Rufus
I'm really starting to see the logic and simplicity of supply and demand and how you use it....
Hi Millellen

Beautiful sunrise in the mountains today. I am not going to do much hiking around today, knee a bit sore.

Now for your question.

If the S/D area is on a weekly chart and it is the first visit I am not to concerned about placing a counter trend position. Now if theS/D is on 1hr chart I am much more careful with the position. Tighten stops, reduce position size etc. I will also start taking profit quicker. S/D aeas exist in all time zones. The biger the time the more reliable the area, generally.

So any way the th ing to remember is that you have to be aware of price in all time main time frames. I made the mistake a few weeks back of taking a long signal that was 15 pips under a weekly demand level. The market teaches you quickly. and if you don't learn and/or protect yourself the market will punish you. I link to think of the dollars I send into harms way as troops and it isbmy responcibility to do all I can to protect my troops.

typing on my phone with these meat hoohs I have for fingers is a trip. I love the chalange of the markets so I will put up with this little keyboard.

Trade safe

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,182
  • Nov 4, 2010 10:30am Nov 4, 2010 10:30am
Quoting Rufus
Hi Millellen

Beautiful sunrise in the mountains today....
Cheers Rufus - makes sense as ever.
Sadly the view is not quite so nice here in London!
  • #3,183
  • Nov 7, 2010 6:57pm Nov 7, 2010 6:57pm
I like this system! I like the original system a little more then the advanced system though? I just started trading this sytem and I draw the horizontal support and resistance off the hourly and I zoom out and draw the 5 minute s/r trendlines etc. Then I stick to the original rules (not the advanced) if it doesn't have a huge resistance/support ahead.

Would this work to? Or do you need to trade the advanced system to be profitable in the long run?

Thanks much,

Joe
  • #3,184
  • Nov 7, 2010 7:27pm Nov 7, 2010 7:27pm
Would this work to? Or do you need to trade the advanced system to be profitable in the long run?

Thanks much,

Joe[/quote]

Joe,

think of the basic, advanced, expert as levels to move up as you get better at seeing the market. From what I think you said should work, find something that works from you. Get in the market and pay attention to what is happening, keep a journal, read all of Jedi' & Robdee's posts, and keep your emotions under control. it will come to you.

simple
A woman drove me to drink, and I forgot to thank her
  • #3,185
  • Nov 8, 2010 12:54am Nov 8, 2010 12:54am
I've read a lot of this thread,sounds promising.does anyone know if the chat room is still running?
  • #3,186
  • Nov 8, 2010 1:54am Nov 8, 2010 1:54am
Quoting winty
I've read a lot of this thread,sounds promising.does anyone know if the chat room is still running?
it is not
A woman drove me to drink, and I forgot to thank her
  • #3,187
  • Nov 8, 2010 2:02am Nov 8, 2010 2:02am
Quoting simpleguy
it is not
Shame. What has happened to ForexJedi? I see he hasn't been around for a while.
  • #3,188
  • Nov 8, 2010 2:29am Nov 8, 2010 2:29am
Quoting winty
Shame. What has happened to ForexJedi? I see he hasn't been around for a while.
He got pissed off at some guy calling him a hack basically and just messing with the other thread and things were not going well. I think in the end, it was just better for him to do his own thing and go his own way. he laid the groundwork for us to follow, now it's up to us to learn the rest.

yea, i was fun trading in the chats with him. Too bad, made life a lot easier back then, lol.
A woman drove me to drink, and I forgot to thank her
  • #3,189
  • Nov 8, 2010 2:51am Nov 8, 2010 2:51am
Quoting simpleguy
He got pissed off at some guy calling him a hack basically and just messing with the other thread and things were not going well. I think in the end, it was just better for him to do his own thing and go his own way. he laid the groundwork for us to follow, now it's up to us to learn the rest.

yea, i was fun trading in the chats with him. Too bad, made life a lot easier back then, lol.
how is it going for you last few hours?ive not had any great opportunities..market doesn't seem to be going anywhere
  • #3,190
  • Nov 8, 2010 4:10am Nov 8, 2010 4:10am
Quoting winty
how is it going for you last few hours?ive not had any great opportunities..market doesn't seem to be going anywhere
Just not flowing the way i like, so i'm protecting my money and not trading
A woman drove me to drink, and I forgot to thank her
  • #3,191
  • Nov 8, 2010 4:13am Nov 8, 2010 4:13am
I took this one.Anyone else?
Everything should be by the rules..Any advice appreciated.
http://img525.imageshack.us/img525/7172/forcel.jpg

Uploaded with ImageShack.us
  • #3,192
  • Nov 8, 2010 5:12am Nov 8, 2010 5:12am
Quoting winty
I took this one.Anyone else?
Everything should be by the rules..Any advice appreciated.
http://img525.imageshack.us/img525/7172/forcel.jpg

Uploaded with ImageShack.us
hi winty
im certainly no expert on this system but really like the ideas behind it. I didnt take that as i was looking for shorting entries (given the decline over the past few days) and was concerned about hitting resistance around the 13940 mark from Asia session.
not sure from your chart exactly when you took the trade but if it was at the close of the last light blue candle you have shown on the chart then maybe the stochs were showing overbought?
my thoughts but as i say i am just a novice at this one!
cheers
  • #3,193
  • Nov 8, 2010 6:27am Nov 8, 2010 6:27am
Quoting milliellen
hi winty
im certainly no expert on this system but really like the ideas behind it. I didnt take that as i was looking for shorting entries (given the decline over the past few days) and was concerned about hitting resistance around the 13940 mark from Asia session.
not sure from your chart exactly when you took the trade but if it was at the close of the last light blue candle you have shown on the chart then maybe the stochs were showing overbought?
my thoughts but as i say i am just a novice at this one!
cheers
I should of marked it clearly,but i sold short where the green slotted line is,no idea why it says 'buy'.stoch was between 80-100 but i let it decline a bit first and closed trade where the green line is below.
  • #3,194
  • Nov 8, 2010 7:06am Nov 8, 2010 7:06am
could you repost your chart and mark down which bars you took the long and which one you took the short please.

thanks
A woman drove me to drink, and I forgot to thank her
  • #3,195
  • Nov 8, 2010 8:03am Nov 8, 2010 8:03am
It works!!!

I've been demo trading this system, all last week and I made money.
If you wait for the stoch to line up, and the macd to turn color and
wait for the cross signal to turn color. In other words wait for the three
signals to flash a buy or a sell then take the trade and sit back and watch and let it run. My trades were all for 10-15 points.


I've read the whole system twice now. What struck me was how many people said the longer they traded the system the better they got at it.
One person said they thought they were pretty good after a couple of
months trading the Force. Then 6 months later they were even better,
then 1 year later they thought they were even better yet and now after two years they thought they were very good at the system. I though that was very cool. I think a person could pin their trading career around this system. Which is good because I've tried about 50 system's here om FF and I'am tired of trying different systems and I wanted to finally hand on a system that I understood and was easy and that made money.

I'am excited to be here!!!

snarlyjack
  • #3,196
  • Nov 8, 2010 8:14am Nov 8, 2010 8:14am
Quoting snarlyjack
It works!!!

I've been demo trading this system, all last week and I made money.
If you wait for the stoch to line up, and the macd to turn color and
wait for the cross signal to turn color. In other words wait for the three
signals to flash a buy or a sell then take the trade and sit back and watch and let it run. My trades were all for 10-15 points.


I've read the whole system twice now. What struck me was how many people said the longer they traded the system the better they got at it.
One person said they thought they were pretty good after...
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,197
  • Nov 8, 2010 8:32am Nov 8, 2010 8:32am
Quoting milliellen
hi winty
im certainly no expert on this system but really like the ideas behind it. I didnt take that as i was looking for shorting entries (given the decline over the past few days) and was concerned about hitting resistance around the 13940 mark from Asia session.
not sure from your chart exactly when you took the trade but if it was at the close of the last light blue candle you have shown on the chart then maybe the stochs were showing overbought?
my thoughts but as i say i am just a novice at this one!
cheers
sorry winty. was confused by the 'buy' line! Although this seems to go by the rules I did not take it. The discretionary part of this system is where i am having some difficulties. I thought price was trading in a narrow sideways channel so I skipped it.

you clearly made some pips from it so good for you. would be good to hear if a more experienced F5 trader would have taken this or not and their reasoning.
cheers
  • #3,198
  • Nov 8, 2010 8:34am Nov 8, 2010 8:34am
Hi all.

I just wanted to point this out.

This kind of PA will drain yopur account. I need an idea of a clear direction to take a F5 entry.

I went to bed last night, I couldn't hold my eyes open. Looks like I didn't miss much. Off to work now.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 11.08drain.jpg Size: 72 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,199
  • Nov 8, 2010 8:36am Nov 8, 2010 8:36am
Quoting milliellen
sorry winty. was confused by the 'buy' line! Although this seems to go by the rules I did not take it. The discretionary part of this system is where i am having some difficulties. I thought price was trading in a narrow sideways channel so I skipped it.

you clearly made some pips from it so good for you. would be good to hear if a more experienced F5 trader would have taken this or not and their reasoning.
cheers
Looks like I just posted what you are talking about. The rangebound market is a tough place to take entries. I like 60 pips minimum in the range to consider trading it.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,200
  • Nov 8, 2010 8:44am Nov 8, 2010 8:44am
Quoting Rufus
Looks like I just posted what you are talking about. The rangebound market is a tough place to take entries. I like 60 pips minimum in the range to consider trading it.

Rufus
Thanks for your thoughts Rufus - and a wild set of candle colours you've got going there on the chart!
0 traders viewing now