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The Force 5min system

  • #3,201
  • Nov 8, 2010 9:14am Nov 8, 2010 9:14am
Quoting milliellen
Thanks for your thoughts Rufus - and a wild set of candle colours you've got going there on the chart!

Takes you back to the days of Disco...Now all I have to do is get them flashing.and I will be kin to the Bee Gees
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,202
  • Nov 8, 2010 9:56am Nov 8, 2010 9:56am
This is a non-disco thread!!!!! I do miss the 80's though
A woman drove me to drink, and I forgot to thank her
  • #3,203
  • Nov 8, 2010 10:08am Nov 8, 2010 10:08am
This market is in a slow churn mode. This suggestion might help.

In the past I've always used the "Guppy" system which I believe blends
itself to this system very well in determining the trend. If you put

5 ema green (close)
8 ema green
10 ema green
12 ema green
15 ema green

30 ema red (close)
35 ema
40 ema
45 ema
50 ema
55 ema
60 ema

on your chart along with the Force system between both systems it is
nailing the pips. Just a suggestion, give it a try.

snarlyjack
  • #3,204
  • Nov 8, 2010 11:37am Nov 8, 2010 11:37am
Quoting simpleguy
could you repost your chart and mark down which bars you took the long and which one you took the short please.

thanks
http://img836.imageshack.us/img836/7172/forcel.jpg

Where I have labeled closed,I closed about 80% of the sell and I let it run a little bit longer,as I thought it was getting a little risky,but managed to get a few more pips.
I still have a lot to learn,as I am still going into losing trades,but I like this system and want to get better
  • #3,205
  • Nov 8, 2010 3:03pm Nov 8, 2010 3:03pm
I've been trading the basic system (the first one that was posted) and I get some great signals, but a lot of them are just false signals! how do you filter out all these false signals?

Joe
  • #3,206
  • Nov 8, 2010 3:36pm Nov 8, 2010 3:36pm
Quoting winty
http://img836.imageshack.us/img836/7172/forcel.jpg

Where I have labeled closed,I closed about 80% of the sell and I let it run a little bit longer,as I thought it was getting a little risky,but managed to get a few more pips.
I still have a lot to learn,as I am still going into losing trades,but I like this system and want to get better
If you entered on the 2nd down candle, looks like a good basic trade!
A woman drove me to drink, and I forgot to thank her
  • #3,207
  • Nov 8, 2010 3:38pm Nov 8, 2010 3:38pm
Quoting beehivesjoe
I've been trading the basic system (the first one that was posted) and I get some great signals, but a lot of them are just false signals! how do you filter out all these false signals?

Joe
Joe,

Would love to help you, could you post some pics and we can look at them and see what we got! Can't help you if I can't see your chart. One thing to note is that this is not a blind system that we just enter everything XYZ happens. make sure you have momentum, there is no S/R, BRN (Big Round Numbers) or pivots near by.

just some food for thought.

simple
A woman drove me to drink, and I forgot to thank her
  • #3,208
  • Nov 9, 2010 9:42am Nov 9, 2010 9:42am
Confluence of S/R lines leads to high probability trades. While trading the Asia session I have seen that a confluence of S/R lines ACROSS pairs may increase probability even more. I know that this is thread is suppose to be only EURUSD talk but I think it still relevant. So, for example, if you see E/U, A/U and G/U all hitting a resistant zone at the same time then that should increase probability.

Does anyone look across pairs for S/R? Is this a common trading method? If so, any relevant threads on FF about it?
  • #3,209
  • Nov 9, 2010 9:54am Nov 9, 2010 9:54am
Quoting Reset_JL
Confluence of S/R lines leads to high probability trades. While trading the Asia session I have seen that a confluence of S/R lines ACROSS pairs may increase probability even more. I know that this is thread is suppose to be only EURUSD talk but I think it still relevant. So, for example, if you see E/U, A/U and G/U all hitting a resistant zone at the same time then that should increase probability.

Does anyone look across pairs for S/R? Is this a common trading method? If so, any relevant threads on FF about it?



I do not know of any threads though. Another one to watch is the Dollar index.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,210
  • Nov 9, 2010 11:55am Nov 9, 2010 11:55am
I found them talking about the interrelated markets like this. In that thread they called it the three kingdoms. the Eur/USD, GBP/USD, USD/JPY. If all three are moving in sync like they should you can trust the patterns more. Actually different from this thread, I actually look to trade all three at the same time, Then when i can get all three to enter a supply or demand zone at the same time, i stack my trades.

Anyways, back to this thread. any questions, PM me
A woman drove me to drink, and I forgot to thank her
  • #3,211
  • Nov 9, 2010 9:24pm Nov 9, 2010 9:24pm
EU Short F5

Closed out positions at 10 and 20 pips. Closed out everything when price ran into demand area. (circled on 4h chart)


Rufus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11.09eushortf5.jpg Size: 100 KB
Click to Enlarge Name: 11.09eushortf5demand.jpg Size: 119 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,212
  • Nov 9, 2010 11:20pm Nov 9, 2010 11:20pm
Rufus and others,

Does anyone use the crossover signal alert that was posted in the
middle of this thread? (red arrow & green arrow)

Is it accurate or does it seem to lag just a bit?

thanks

snarlyjack
  • #3,213
  • Nov 9, 2010 11:33pm Nov 9, 2010 11:33pm
Quoting snarlyjack
Rufus and others,

Does anyone use the crossover signal alert that was posted in the
middle of this thread? (red arrow & green arrow)

Is it accurate or does it seem to lag just a bit?

thanks

snarlyjack
It works... I use one called Audioalerts. It is what you see in the chart above.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,214
  • Nov 10, 2010 1:46am Nov 10, 2010 1:46am
Does everybody using this system,not trade at all,on days where the market trend is flat?or is anyone still gaining successfully on flat days?
  • #3,215
  • Nov 10, 2010 8:24am Nov 10, 2010 8:24am
Quoting winty
Does everybody using this system,not trade at all,on days where the market trend is flat?or is anyone still gaining successfully on flat days?

Hi Winty

Flat choppy days are account eaters. I don't know of any system where by itself will make pips in situations like we just had.

I circled two I took today, not just because of the F5 signal but also where and when the signals occured.

The first was after price hit my demand (First visit) zone on 4h chart. I closed it when it had trouble with 3800.

The second was the return trip to the demand zone after the initial reaction off 3800. Closed all of this one at demand area.

Also both of these were durring the first 2 hours of the Tokyo session. The rest of Tokyo untill Frankfurt opens is usually pretty choppy and I will usually stay away from intraday trades durring these times. The exception being if price is running into a strong S/D area then I will again be looking for a F5 signal.

So don't get discouraged with choppy days they are tough. I was kicking myself with the second position because price was starting to stall on me and I almost clopsed it. But the weight of the trend brought it into profit.

I hope this is a help. Choppy days are good for study and watching price action. Our extra time with loved ones.

Trade well

Rufus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11.09f5.jpg Size: 92 KB
Click to Enlarge Name: 11.09eulongtokyo.jpg Size: 97 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,216
  • Nov 10, 2010 9:25am Nov 10, 2010 9:25am
Quoting Rufus
Hi Winty

Flat choppy days are account eaters. I don't know of any system where by itself will make pips in situations like we just had.

I circled two I took today, not just because of the F5 signal but also where and when the signals occured.

The first was after price hit my demand (First visit) zone on 4h chart. I closed it when it had trouble with 3800.

The second was the return trip to the demand zone after the initial reaction off 3800. Closed all of this one at demand area.

Also both of these were durring the first 2 hours of the...

I should also add. When we have a trading range of 60 pips or more. That is my personal range to work with. Then I will at times take signals at the extreems of the range.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,217
  • Nov 10, 2010 12:48pm Nov 10, 2010 12:48pm
Quoting Rufus
Hi Winty

Flat choppy days are account eaters....
Patience is crucial. I leapt into 2 (losing) trades during London open, which was choppy and no sense of direction. This destroyed my confidence for the rest a the day where i watched some good moves during US trading. As you've mentioned before Rufus, the psychological side to this is key.

I will get there......
  • #3,218
  • Nov 10, 2010 1:26pm Nov 10, 2010 1:26pm
Quoting milliellen
Patience is crucial. I leapt into 2 (losing) trades during London open, which was choppy and no sense of direction. This destroyed my confidence for the rest a the day where i watched some good moves during US trading. As you've mentioned before Rufus, the psychological side to this is key.

I will get there......
I'm glad to hear someone saying this. Some days, and today was one of them, the best trading tool i have is clicking on the little red box on the upper corner of the screen! I was not flowing with the market, i could feel it, so I went back to rule number 1, protect your capital. I did not like the landscape of the battle, so i did not fight.
A woman drove me to drink, and I forgot to thank her
  • #3,219
  • Nov 10, 2010 4:24pm Nov 10, 2010 4:24pm
Quoting simpleguy
I'm glad to hear someone saying this. Some days, and today was one of them, the best trading tool i have is clicking on the little red box on the upper corner of the screen! I was not flowing with the market, i could feel it, so I went back to rule number 1, protect your capital. I did not like the landscape of the battle, so i did not fight.
Amen... Truer words could not be spoken concerning the Fx market
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,220
  • Nov 11, 2010 2:55am Nov 11, 2010 2:55am
Quoting Rufus
Hi Winty

Flat choppy days are account eaters....
Hi Rufus
I was watching the first trade you have in your pic and was thinking,is this one for me to take,but I didn't take it in the end. I looked at macd rising but stoch looked over bought for me to have any confidence in taking this trade.You profited well in taking it,but why did you feel confident in taking it?
On the second on the down trend,did you end your trade shortly when stoch went back up shortly.if not,how did you know the trend was going to continue back down to demand zone?



http://img825.imageshack.us/img825/2129/tradeh.jpg
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