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The Force 5min system

  • #3,381
  • Jan 4, 2011 9:25am Jan 4, 2011 9:25am
TOTAL Today

Profit: 4'655.40 $

End!
  • #3,382
  • Jan 4, 2011 9:34am Jan 4, 2011 9:34am
Quoting Forexcube
EURUSD, M5, 2011 January 05, v10

Very Nice

A great inspiration to all.
Very clear easy to understand charts.

Last night I went to bed early and slept late 10hrs of sleep, so missed all the action. But boy do I feel good today.

Headed for work.

I was thinking Forexcube...If you have time.......I saw on your profile...

Academical training - University Switzerland (1 Master; 1 Bachelor)
Master of Psycholgy, FSP
Economic Science & Statistics 4 Semester
Former Banker

Could you share a little about Psychology in trading and how you see it from your training.

Anything else in your education that may fit. (Banker?)

I know it would be a bit of time so if you can't I understand

To keep from getting to much non F5 info in this thread...A few days ago I started another on this topic.
http://www.forexfactory.com/showthread.php?t=274297

Trade safe and I always look forward to your posts

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,383
  • Edited 10:38am Jan 4, 2011 9:44am | Edited 10:38am
Quoting Rufus
Very Nice

A great inspiration to all.
Very clear easy to...
Hi buddy!

Sure, of course. I deem it an honour. It will take about a week.

When I'm trading time doesn't hang heavy on my hands.

I think I will more give practical (emprical) tips of my own trading life and none of these theoretical aspects.

Important aspect
Trading at the forex market is extremely badly. You could compare it with a barracuda pool. It sounds extremely strange I know. But that is one aspect of the reality.

Best wishes!

FXcube
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  • #3,384
  • Jan 4, 2011 9:54am Jan 4, 2011 9:54am
Resilience Surfer

Another aspect could be this:
Attached Image
  • #3,385
  • Jan 4, 2011 9:56am Jan 4, 2011 9:56am
I think I will work out a paper.
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  • #3,386
  • Jan 4, 2011 10:12am Jan 4, 2011 10:12am
Quoting Forexcube
I think I will work out a paper.

That would be awesome...I know there must be more that just me interested in what you have to say...

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,387
  • Jan 4, 2011 10:52am Jan 4, 2011 10:52am
Quoting Rufus
That would be awesome...I know there must be more that just me interested in what you have to say...

Rufus
You can add me to anything that help me gain more knowledge in market psy!

I had to pull the plug on today. Frustration was at all time high. Thank god I got into a few nice runs or my ass would have been toasted. I'll be back and ready for the FO, ready to battle!


see everyone at 2am est!
A woman drove me to drink, and I forgot to thank her
  • #3,388
  • Jan 4, 2011 12:50pm Jan 4, 2011 12:50pm
Quoting simpleguy
You can add me to anything that help me gain more knowledge in market psy!

I had to pull the plug on today. Frustration was at all time high. Thank god I got into a few nice runs or my ass would have been toasted. I'll be back and ready for the FO, ready to battle!


see everyone at 2am est!
My day like yours was the opening on Sunday.....It started wwith three goats.....This is not some sort of secret candlestick formation...Three literal goats.

"We have been goat sitting" for some friends and 2 minutes after I
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,389
  • Jan 4, 2011 1:01pm Jan 4, 2011 1:01pm
Quoting simpleguy
You can add me to anything that help me gain more knowledge in market psy!

I had to pull the plug on today. Frustration was at all time high. Thank god I got into a few nice runs or my ass would have been toasted. I'll be back and ready for the FO, ready to battle!


see everyone at 2am est!
My day like yours was the opening on Sunday.....It started wwith three goats.....This is not some sort of secret candlestick formation...Three literal goats.

"We have been goat sitting" for some friends and 2 minutes after I put on a position he came by wanting to pick them up. I should have closed it down. But I went outside and let it run. It went into nice profit, hit supply gave a reversal signal and hit my stop. I missed two good trades cost me my entire risk and threw me into a mental funk. Took a bit to climb out. One thing though I have isolated exactly what will spiral my mind down a vortex of indecision? Not just three goats, but making a dumb move , not closing the position then trying to trade fed up with myself .

Anyway have fun alll

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,390
  • Jan 4, 2011 1:09pm Jan 4, 2011 1:09pm
The Three Goats Formation


Inserted Video



Quoting Rufus
My day like yours was the opening on Sunday.....It started wwith three goats.....This is not some sort of secret candlestick formation...Three literal goats.

"We have been goat sitting" for some friends and 2 minutes after I put on a position he came by wanting to pick them up. I should have closed it down. But I went outside and let it run. It went into nice profit, hit supply gave a reversal signal and hit my stop. I missed two good trades cost me my entire risk and threw me into a mental funk. Took a bit to climb out. One thing though I have...
Annoying Precision
  • #3,391
  • Jan 4, 2011 1:09pm Jan 4, 2011 1:09pm
Hi FXcube,

Would definitely like to hear about the psychology behind the trades. I think its much more valuable than a good trading system.
  • #3,392
  • Jan 4, 2011 2:11pm Jan 4, 2011 2:11pm
Quoting erikte279
The Three Goats Formation


Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,393
  • Jan 4, 2011 3:36pm Jan 4, 2011 3:36pm
which one is the hottest? I've heard about you country and mountain boys.
A woman drove me to drink, and I forgot to thank her
  • #3,394
  • Jan 4, 2011 6:50pm Jan 4, 2011 6:50pm
Quoting simpleguy
which one is the hottest? I've heard about you country and mountain boys.
They naaaaaaaaaaaag to much

Nailed it like a shingle

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,395
  • Jan 4, 2011 7:03pm Jan 4, 2011 7:03pm
Big battle here.

Price is now stuck between two S/D zones....Who will win.. I am cautious about adding to my position to the short untill that zone is breached. Took pieces off at 10 and 20 pips. Rest at BE

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,396
  • Jan 4, 2011 10:52pm Jan 4, 2011 10:52pm
Hi all...

4h chart here. I wanted to show S/D zones for those that are unaware of them.

As you can see price is in the middle of a demand area trying to soak up all the buy orders. When the last buy order is gone price will drop or vice versa.

I still have a short alive in there. I like to leave a small piece on for the large runs.

It will help when putting on positions to be aware of areas like this so you don't short into demand or buy into supply.

Just a thought

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,397
  • Jan 4, 2011 11:21pm Jan 4, 2011 11:21pm
Hi, Forexcube, you prefer to close orders using M1 chart and Stochastic, or correct me, maybe I'm not right?
  • #3,398
  • Jan 5, 2011 8:37am Jan 5, 2011 8:37am
Quoting Rufus
Hi all...

4h chart here. I wanted to show S/D zones for those that are unaware of them.

As you can see price is in the middle of a demand area trying to soak up all the buy orders. When the last buy order is gone price will drop or vice versa.

I still have a short alive in there. I like to leave a small piece on for the large runs.

It will help when putting on positions to be aware of areas like this so you don't short into demand or buy into supply.

Just a thought

Rufus

My short I had left in there got stopped out by 1 stinking pip . So I missed out on that nice move down while sleeping last night.

Be safe, it is that Barracuda pool FxCube was talking about. Another news release in 20 minutes.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,399
  • Jan 5, 2011 8:42am Jan 5, 2011 8:42am
Hope everyone is doing great today! it's been a good market for it the past two days and a good way to start off the new year.

we are heading into the area Rufus showed as demand in his post so I'm considering moving my SL up fairly tight and not get greedy about what I already got.

Take care all.
A woman drove me to drink, and I forgot to thank her
  • #3,400
  • Jan 5, 2011 8:51am Jan 5, 2011 8:51am
Quoting simpleguy
Hope everyone is doing great today! it's been a good market for it the past two days and a good way to start off the new year.

we are heading into the area Rufus showed as demand in his post so I'm considering moving my SL up fairly tight and not get greedy about what I already got.

Take care all.
We will have to see if this will hold for the news. I am sceptical of any counter trade moves right now. I will take a counter trend only occasionally when we have a strong retest.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
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