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The Force 5min system

  • #3,401
  • Jan 5, 2011 9:22am Jan 5, 2011 9:22am
I was going to look mfor a F5 signal if price hit the little supply zone marked. Didn't.

I am getting ready for work. Trade safe all.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,402
  • Edited 5:27pm Jan 5, 2011 3:19pm | Edited 5:27pm
Quoting Alex_F.X.
Hi, Forexcube, you prefer to close orders using M1 chart and Stochastic, or correct me, maybe I'm not right?

Hi Alex_F.X.

I trade mainly "The force 5 Min System" described so clearly and completely from Forexjedi. If you could trade it yesterday you could have made more pips than I. I want only say that if I trade with higher lot sizes and smaller time periods (trades are not longer than a couple of M5 bars in the market whereas it could be longer at "The Force 5 Min System"). I like also trade "The Force 5 Min System" in smaller time periods with the academic freedon of switching M1 sometimes and regarding the pivotals by increasing the risk and MM. On these terms it's evident that I don't let big lotsizes with a "small-scale deposit" in the market.
Unforunately I haven't had much time yesterday as I wish, so many pips were flying away due to the fact, that I couldn't trade Forexjedi's "The Force 5 Min System" till the end. If so then all the v16 or v14/v15 trades could have running further more in the win, may be over 80 pips more or so.

Kindest regards
FXcube
  • #3,403
  • Jan 5, 2011 9:16pm Jan 5, 2011 9:16pm
I've been a silent reader to this thread for so long.... and trading this method in live accounts.

I would like to thanks Forexjedi ( if he is still around) and everbody else here, and also for Rufus who keep this thread alive.

As a regular trader, I also fall to that hole where I started to add "this and that" to this method to improve the system. But It's all useless, this system is already a fantastic system as FXjedi introduce to us from the first start.

With a decent screentime and experience, I think anybody can score pips consistently with this system. You will not win them all. The fact is this system will also give you loser, but if you pay attention closely with the rules, the winner will take care of them.

Pay attention to this: "System wins, trader loses"

Again, thanks to everybody in this thread for educating me with this method. May the pips always be with you all.....



NG
  • #3,404
  • Jan 6, 2011 1:10am Jan 6, 2011 1:10am
Quoting NiceGuy
I've been a silent reader to this thread for so long.... and trading this method in live accounts.

I would like to thanks Forexjedi ( if he is still around) and everbody else here, and also for Rufus who keep this thread alive.

As a regular trader, I also fall to that hole where I started to add "this and that" to this method to improve the system. But It's all useless, this system is already a fantastic system as FXjedi introduce to us from the first start.

With a decent screentime and experience, I think anybody can score pips consistently...
It is a great system NiceGuy...And thanks for the compliment. I am sure that when FJ checks in on us he will be pleased.

One of my favorite phrases "It is the job of your trading system to collect pips. It is the job of the trader to execute the system"

If you get the time post some of what you have learned about the system or how you see trades set up. Obviously you are successful with it and I am sure you would be able to help others as well.

Good to hear from you

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,405
  • Jan 6, 2011 1:51am Jan 6, 2011 1:51am
Nailed

10 and 20 pip targets off. Stops at BE. Rest running with the Barracuda for London.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,406
  • Jan 6, 2011 1:51am Jan 6, 2011 1:51am
A nice push into pivot, break it, form a doji, and then break for 30+ pips. I am out at 30. could have ridden it a bit longer but I shot for 30 pips a day, so I banked this and have my daily target. I hope the past two days is showing the market is coming back to life and we can make some money.

Hope everyone got into this one!

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,407
  • Jan 6, 2011 3:03am Jan 6, 2011 3:03am
Added a bit on a 61.8 fib retracement.

The yellow fib numbers I will use for targets at times. My piece I left on is set for the 121.4 fib, 1.3088. Maybe it will get hit while I sleep.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,408
  • Jan 6, 2011 10:21am Jan 6, 2011 10:21am
EURUSD,M5

The Force 5 Min Systeme and trading with the Pivotals.

Set stop Loss!
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  • #3,409
  • Jan 6, 2011 10:27am Jan 6, 2011 10:27am
Quoting Forexcube
EURUSD,M5

The Force 5 Min Systeme and trading with the Pivotals.

Set stop Loss!

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,410
  • Jan 6, 2011 1:58pm Jan 6, 2011 1:58pm
Been using this system for a while, consistantly getting pips. I trade NY open and TY open, 2 or 3 trades a day. Two trades today, 8:20 entry long 1.3098 out at 1.3120; 9:30 entry short 1.3120 out at 1.3020. Force 5 just nailed them.
  • #3,411
  • Jan 6, 2011 2:47pm Jan 6, 2011 2:47pm
Quoting tqk101
Been using this system for a while, consistantly getting pips. I trade NY open and TY open, 2 or 3 trades a day. Two trades today, 8:20 entry long 1.3098 out at 1.3120; 9:30 entry short 1.3120 out at 1.3020. Force 5 just nailed them.


Show us your stuff so all can learn

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,412
  • Jan 6, 2011 5:54pm Jan 6, 2011 5:54pm
Just going through the tread trying to backtest the system. Can someone tell me how to avoid false signals like the ones on the chart?
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  • #3,413
  • Jan 6, 2011 6:37pm Jan 6, 2011 6:37pm
Quoting josid
Just going through the tread trying to backtest the system. Can someone tell me how to avoid false signals like the ones on the chart?
If I'm reading this right you tried to short both of those trades? if that is the case I have a few things for you.

1. the stochs never went anywhere into the over bought area
2. the market never pushed into an trend line, pivot or anything like that
3. the market has no momentum
4. The market is making small moves, the grid is in 5 pip lines, very small bars


Go back and review the basic format of system and then review charts that show how they pan out. Look up ForexJedi, Robdee, chowClown, and some of the others from the beginning. Once you see what the trade looks like, you will see the difference.
A woman drove me to drink, and I forgot to thank her
  • #3,414
  • Jan 6, 2011 10:02pm Jan 6, 2011 10:02pm
I am sitting here with nothing to do. So I thought I would post a little how I set myself up for the EU.

My monitor as I look at the EU.

This lets me see at a glance what is going on with each time frame. The weekly and daily I will flip back and forth, whichever gives me a better understanding.

I always set it up the same. Highest time frame upper left to the lowest on the lower right, 15m.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,415
  • Jan 6, 2011 10:13pm Jan 6, 2011 10:13pm
Here are my daily and 4h charts.

Every chart is set up the same way always. IF I add an indicator I always add the same. I want my edge in the market. If I am not consistent in what I do where is my edge?

I always draw fibs the same way. S/D same always.

In baseball watch a batter go up to the plate. The same exact routine every time. I used to pitch in High school. I would try to disrupt there routine. Yogi Berra, a catcher, would talk to the batters while they were at the plate, crack jokes etc.

I know some don't need the routine when it comes to trading. I do and maybe others do also.

Enjoy

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,416
  • Jan 6, 2011 10:15pm Jan 6, 2011 10:15pm
1h and 15m charts same routine
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,417
  • Jan 6, 2011 10:18pm Jan 6, 2011 10:18pm
Now the poor lonely 5m chart.. Our trade execution chart.

For ME now... I don't like to watch this chart to much. After a while I start seeing signals everywhere. I will watch the 15 and let the 5 run in the background.

This past year if took out the stupid mistakes
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,418
  • Jan 6, 2011 10:19pm Jan 6, 2011 10:19pm
It is very interesting and simple. . . . ..
  • #3,419
  • Jan 6, 2011 10:26pm Jan 6, 2011 10:26pm
Hey guys,

Does anyone uses Oanda trading platform? When I use MACD at 12 26 1, the bars doesnt show up. Any help?
  • #3,420
  • Jan 6, 2011 10:27pm Jan 6, 2011 10:27pm
Rufus, can you please explain how you qualify your supply and demand areas. I see some areas on your charts where I would have marked as supply or demand. Thanks.
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