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The Force 5min system

  • #3,481
  • Feb 1, 2011 10:33pm Feb 1, 2011 10:33pm
Quoting Rufus
Glad to see the detail that you are working through this. I personally will be careful with 20 pips of room if the area has been untested. Remember S/R, pivots, fibs, etc. are like stop lights. Sometimes they are green and price flies through. Other times they are yellow or red. So at times I will take the position. As the level gets closer watch the PA and take profit on all or part if necessary.

Price action is the ultimate indicator. So no matter what the stochs or macd are telling you it is PA that has the first vote. So watch the price action....

I really like the stop light analogy. I would say this one is a yellow light. Looks as if its going to come back to retest WR2 from above. I am always cautious with the midday Tokyo session. (Have had too many trades go against me during this time)

Mark
Mark ... Everything you have been told is a LIE
  • #3,482
  • Feb 1, 2011 10:37pm Feb 1, 2011 10:37pm
We just blew through the last supply area. Next on 4h chart appears to be 80 pips up. So we will see how this goes.

See the demand area on the right where price stoped? This is what I mean by watching PA. It is much more than watching a 5m candle. You need to understand the big picture. Then how the 5m candle is acting with it.


Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,483
  • Feb 1, 2011 10:54pm Feb 1, 2011 10:54pm
Quoting spzd
I really like the stop light analogy. I would say this one is a yellow light. Looks as if its going to come back to retest WR2 from above. I am always cautious with the midday Tokyo session. (Have had too many trades go against me during this time)

Mark
Midday Tokyo I avoid unless it is setting up on a strong supply/ demand area.

I will look the first two hours of Tokyo. Then wait till FF and London. FF can be tricky, working with the first hour of London. The big boys are at their game filling positions and running stops in the process. I will stay with the 1h trend, usually. At times you will catch it with FF then lose it with London. (The first area marked) Then others FF will push price down, fill orders, then London take it for a ride. (The second area marked) So you need to be quick and expect anything to happen. Your plan works 100% of the time....Rises and hits targets, or falls and hits your SL.

Stay with the trend on 1h chart...unless it is running into a problem area then stay away from it till price tells you what it is going to do next.

Anyway have fun learning this stuff

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,484
  • Feb 1, 2011 11:03pm Feb 1, 2011 11:03pm
Rufus

The next supply zone. Is it based on the long wick of that bar??

Mark
Mark ... Everything you have been told is a LIE
  • #3,485
  • Feb 1, 2011 11:10pm Feb 1, 2011 11:10pm
Quoting spzd
Rufus

The next supply zone. Is it based on the long wick of that bar??

Mark

On the daily candle it is a wick. So yes. But I draw it by looking on the 4h chart then converting it to a daily so I see it as it relates to price now.

The chart is the 4h

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,486
  • Feb 2, 2011 12:00am Feb 2, 2011 12:00am
Rufus

Thanks. Your info is invaluable. I think I'm finally getting my head wrapped around this.



Mark
Mark ... Everything you have been told is a LIE
  • #3,487
  • Feb 2, 2011 6:02pm Feb 2, 2011 6:02pm
Hello guys. I have coded the rules form the first page pdf and the backtest result is horrible. I understand that u should not trade during news, and use pivots and fibs and... but pivots and fibs are a nightmare to code.
Has anyone made a progress into a set of (relative) easy coding rules?
Any suggestions?
  • #3,488
  • Feb 2, 2011 7:07pm Feb 2, 2011 7:07pm
Quoting Radu_C
Hello guys. I have coded the rules form the first page pdf and the backtest result is horrible. I understand that u should not trade during news, and use pivots and fibs and... but pivots and fibs are a nightmare to code.
Has anyone made a progress into a set of (relative) easy coding rules?
Any suggestions?
My suggestion is don't code it. This style of trading is very discretionary and does not have a good set do this and don't do that kind of rules that you will need for an EA.
A woman drove me to drink, and I forgot to thank her
  • #3,489
  • Feb 2, 2011 8:17pm Feb 2, 2011 8:17pm
Quoting simpleguy
My suggestion is don't code it. This style of trading is very discretionary and does not have a good set do this and don't do that kind of rules that you will need for an EA.
Here is the code
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,490
  • Feb 3, 2011 9:11am Feb 3, 2011 9:11am
Quoting Radu_C
Hello guys. I have coded the rules form the first page pdf and the backtest result is horrible. I understand that u should not trade during news, and use pivots and fibs and... but pivots and fibs are a nightmare to code.
Has anyone made a progress into a set of (relative) easy coding rules?
Any suggestions?
Hello Radu_C, I can provide the details. I cant contact you by PM nor email, please drop me your contact here or PM me, or you can contact me by email as well
  • #3,491
  • Feb 8, 2011 8:35pm Feb 8, 2011 8:35pm
Figured I would post this.....Still works when you incorporate it with PA
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,492
  • Feb 10, 2011 2:50am Feb 10, 2011 2:50am
Been away with some issues going on in the real world, now it's time to make some money! Started back yesterday with an almost break even day then I come back on tonight at 2:30am est and see this awesome pull back. So I played the break of the pull back thinking the trend and the London open will take it for a ride and I got a hell of a lot more than I expected. 30 pips on one of my trades, 15 on another, and 3 on the third. waited for the next pull back to come and I entered on the second down bar at 3:45 am and right now I'm BE+4 and waiting to see what happens.

Hope all are doing well and working on their price action reading.

I see the thread died down a little bit, how is everyone progressing?

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,493
  • Feb 10, 2011 6:28am Feb 10, 2011 6:28am
Quoting simpleguy
I see the thread died down a little bit, how is everyone progressing?

Simple
Hi Simple.

Welcome back. I had a super great night trading two nights ago, not that it was a lot of pips but it was one of the best as a trader I have ever had. I was officially in the zone and understood (fibs, pivots, TL, etc.) each change in the market direction and took advantage of the ones that were going to be profitable. It was a good night of trading well...

As for last night.. The market for asia was so flatt and I was so tired. I hit the hay and counted pips in my sleep.

I will see about catching the Asian session tonight if I can get back from work early enough.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,494
  • Feb 10, 2011 8:50am Feb 10, 2011 8:50am
Anyone get in for this trade?

Locked a couple of quick pips
A woman drove me to drink, and I forgot to thank her
  • #3,495
  • Feb 10, 2011 8:56am Feb 10, 2011 8:56am
Quoting simpleguy
Anyone get in for this trade?

Locked a couple of quick pips
Out +10, good market to trade, it's one way, look for pull backs and trade into strength
A woman drove me to drink, and I forgot to thank her
  • #3,496
  • Feb 10, 2011 9:14am Feb 10, 2011 9:14am
Hi, I'm new to this thread and I find this system very enlightening. I'd like to seek your view on how you'd trade for EURUSD market from 01:25 GMT onwards until about 08:25 GMT. Thanks.
  • #3,497
  • Feb 10, 2011 9:48am Feb 10, 2011 9:48am
Yep


Off to work now.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,498
  • Feb 10, 2011 11:53am Feb 10, 2011 11:53am
Please read this blog: http://www.thecrosshairstrader.com/2...-100-accurate/

Tell me what you think about it, make sure you read the whole thing. The Best blog I've seen in some time.

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,499
  • Edited 4:32pm Feb 10, 2011 1:42pm | Edited 4:32pm
Quoting simpleguy
Please read this blog: http://www.thecrosshairstrader.com/2...-100-accurate/

Tell me what you think about it, make sure you read the whole thing. The Best blog I've seen in some time.

Simple
Priceless. Great find!

And here's one for you: http://www.eminiplayer.com/2009/06/l...ul-trader.html
  • #3,500
  • Feb 10, 2011 9:14pm Feb 10, 2011 9:14pm
Quoting Rufus
Yep


Off to work now.
Thx. I presume then that we wouldn't be able to trade with such a market until 13:55 GMT. So if you were to long EURUSD at 13:55 GMT, would you have close your trade at 14:35 GMT, then short straight after that and close your trade at 15:30 GMT?

Sorry, I'm currently until page 15 of this thread.
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