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The Force 5min system

  • #3,301
  • Dec 9, 2010 3:05pm Dec 9, 2010 3:05pm
Hi Simple and All.

Looks like things have been busy around here. Hopefully this flat stuff we are seeing right now ends so we can grab some pips.

Patiently waiting

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,302
  • Dec 9, 2010 4:41pm Dec 9, 2010 4:41pm
From the book I am reading.. On trading psychology

"The traders who can make money consistently....approach trading from the perspective of a mental discipline"

Rufus :nerd:
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,303
  • Dec 9, 2010 6:14pm Dec 9, 2010 6:14pm
Quoting forexjedi
Traders,

Detailed below is my newest strategy. I invite eveyone to try it out as it does produce good profits if traded correctly. By good profits I mean you make pips everyday even if its only a few. Ive only traded this strategy on the Eur/Usd. Please see the attached PDF file for more information.


Information resources:

http://www.babypips.com/school/
http://www.investopedia.com/dictionary/default.asp

[color=#22229c]msn...
Hello All,
Anybody interested in EA for this System?
This system appears to be simple and interesting to test the EA based on this.
EA will help catch the signals without having to visually look into the chart and one can choose to run it interactively and take trades when appropriate.
Please let me know if anyone interested I can implement and post it here. Once implemented, it can be further modified and several filters can be used to make it profitable if possible.

AshN.
AshN
  • #3,304
  • Dec 9, 2010 6:40pm Dec 9, 2010 6:40pm
No ea has ever worked on this system please don't try the vgotce one horrible will talk more later. i am on cell
A woman drove me to drink, and I forgot to thank her
  • #3,305
  • Dec 10, 2010 12:27am Dec 10, 2010 12:27am
Nice Shorts
Attached Image (click to enlarge)
Click to Enlarge Name: 12.09eushortfff5.jpg Size: 89 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,306
  • Dec 10, 2010 1:59am Dec 10, 2010 1:59am
Quoting Rufus
Nice Shorts
hey Rufus. Got a question to you. there is a not standart candles on your attachment. can you post it? and explain what means every color. or give me a link to explanation
  • #3,307
  • Dec 10, 2010 9:40am Dec 10, 2010 9:40am
hello mr.Jedi / all trader

anynody have agresive scalping EA?
i just need 5-10 pips profit with auto liquid/close position. but TP/Sl visible on metatrader is 20.
please anybody sent me a scalper EA
im very interest with scalping
Thanx
  • #3,308
  • Dec 10, 2010 10:07am Dec 10, 2010 10:07am
Quoting netFX
Hello All,
Anybody interested in EA for this System?
This system appears to be simple and interesting to test the EA based on this.
EA will help catch the signals without having to visually look into the chart and one can choose to run it interactively and take trades when appropriate.
Please let me know if anyone interested I can implement and post it here. Once implemented, it can be further modified and several filters can be used to make it profitable if possible.

AshN.
If you really feel the desire to have one, look at Ronald Raygun's, he had one that he used on here. A few other's tried but it is too discretionary for an EA. if you want to discuss it please start your own thread on it and do whatever you have to, to make money. Other advice, don't even try the Vforce, even the creator said it didn't trade profitably.

This system isn't about using an EA, it's about learning how to trade price action, learn how to make money a little at a time in the beginning and then moving to bigger things from there. almost every thread that people start to make EAs on a product that is already making money just gets things messed up.

Hope everyone made a few pips today and have a great weekend! i'll be back on reviewing some potential trades during the Asian session Sunday night (EST)
A woman drove me to drink, and I forgot to thank her
  • #3,309
  • Dec 12, 2010 12:47am Dec 12, 2010 12:47am
great thread took me 2 weeks to read this thread and testing the system on demo for 2 months. pretty amazing i would say but i think i still need more practice.

great trading guys =p
  • #3,310
  • Dec 12, 2010 12:50pm Dec 12, 2010 12:50pm
Quoting FxZenith
great thread took me 2 weeks to read this thread and testing the system on demo for 2 months. pretty amazing i would say but i think i still need more practice.

great trading guys =p
Hi FxZenith

Welcome to the thread.

Start by laying out the EU with different time frames and start watching the price action as different levels are reached. The F5 system is nothing more than a tool to signal an entry as price reaches each. Chart time is the key here for good practice.

Rufus
Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,311
  • Dec 13, 2010 3:57am Dec 13, 2010 3:57am
After the retracement the vertical line is where i did a long and also due to the gap earlier on. However, i only took 22 pips of profit should have let it run cheers =p

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  • #3,312
  • Dec 13, 2010 5:31am Dec 13, 2010 5:31am
Quoting FxZenith
After the retracement the vertical line is where i did a long and also due to the gap earlier on. However, i only took 22 pips of profit should have let it run cheers =p

Attachment
Good Job
A woman drove me to drink, and I forgot to thank her
  • #3,313
  • Dec 13, 2010 8:23pm Dec 13, 2010 8:23pm
Hello all in F5 land

Its been a few hours since the last post so I thought I would show my latest position.

Took retest off the yellow resistance right with Tokyo open for 15 pips then closed it down. I thought this one may have been a runner but nope just sat there. Closed for profit though . Remember to act in your own best intrest.

If I left it on it would still be there. Stop wouldn't have been hit yet. I can always take another signal. But I will do my best to protect myself. Remember no running naked in the forex market. Ass gets burnt.
Usually a position moves right away for you. If it doesn't I get suspicious.

I will be looking for new entries with FF and London.

Trade safe.

Rufus
Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,314
  • Dec 15, 2010 6:19am Dec 15, 2010 6:19am
Quoting snarlyjack
I've traded this system for a week now between the hours of 7:30 a.m.
to 9:30 a.m. mountain standard time (9:30 a.m. to 11:30 a.m. NY time)
Eu/Usd.

I've been making between $20.00 and $30.00 a day with very low risk,
trading 1 contract. In those two hours. Or $150.00 a week, $400.00
per month.

I think if someone figured out a compounding table (the magic of compounding) this system would work very profitably.

For example:

1). Month 1, Bank $1,000. , Per month $400. , Per day 30. , Total 1,400.
2). Month 2, Bank $1,400. , Per month $400....
1) Am I correct in assuming you're settling for 2 - 3 pips per day, and are you taking spread/commish. into consideration ?

3) BTW, if you were to put your account in a ROTH IRA, you wouldn't pay ANY taxes on the gains, although you would have to wait until 59 1/2 to take distibutions tax free.

The other cool aspect of the ROTH is you can pull the seed money out without penalty since you already paid taxes on it, but of course this would affect your compounding table.
  • #3,315
  • Dec 15, 2010 5:16pm Dec 15, 2010 5:16pm
hi folks i wanna show my very firts trade with this awesome system!
bull trend line, engulfing candle and all force rules are met

cheers!
Attached Image
passion and discipline
  • #3,316
  • Dec 15, 2010 6:08pm Dec 15, 2010 6:08pm
Quoting rohule
hi folks i wanna show my very firts trade with this awesome system!
bull trend line, engulfing candle and all force rules are met

cheers!

Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,317
  • Dec 15, 2010 7:07pm Dec 15, 2010 7:07pm
another good trade!

doble top, bull div on Macd and all force condotions are met!

but i wasnt on my pc. to bad!!!
Attached Image
passion and discipline
  • #3,318
  • Dec 16, 2010 2:41am Dec 16, 2010 2:41am
Did a long on where the vertical line is bouncing off trend line. Conditions are all met. F5 is impressive.

May the pips be with us =p
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  • #3,319
  • Dec 16, 2010 6:20am Dec 16, 2010 6:20am
Quoting FxZenith
Did a long on where the vertical line is bouncing off trend line. Conditions are all met. F5 is impressive.

May the pips be with us =p
Hi Fx

Looks like you caught yourself one. It is good to see, Especially with the Holiday season volitility upon us. Looks like you nalied it as London was getting ready to have her way.

I have been sitting on my hands these last few days. Been busy with work and doing paper work.

Teade well

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,320
  • Dec 16, 2010 7:44am Dec 16, 2010 7:44am
Quoting Rufus
Hi Fx

Looks like you caught yourself one. It is good to see, Especially with the Holiday season volitility upon us. Looks like you nalied it as London was getting ready to have her way.

I have been sitting on my hands these last few days. Been busy with work and doing paper work.

Teade well

Rufus
Well Rufus, i guess i am really lucky that one of the old users of F5 is around to give us pointers. This is a pure price action system and experience counts.

Anyway, the problem that i am facing is how do we ride a trending market when there is a trend. I have being scalping 10 or 20 pips at one go for now. Being wondering how do we profit from a big move like the one on Monday.

Anyway bro, look on the bright side X'mas is just around the corner.
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