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The Force 5min system

  • #3,501
  • Feb 10, 2011 9:18pm Feb 10, 2011 9:18pm
Quoting lundu00
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.
Hi

I would not have been long. 90% of the time I stay with the 1 hour trend. All my positions are with the understanding of 5 time frames.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,502
  • Feb 14, 2011 1:36am Feb 14, 2011 1:36am
Hi, Guys! Started to reading this thread.
Just wonder if anybody is still using original rules (MACD, Stoch, TL bounce)?
Is it still profitable? Thanks.
Made in Ukraine
  • #3,503
  • Feb 14, 2011 1:49am Feb 14, 2011 1:49am
Quoting Badass_UA
Hi, Guys! Started to reading this thread.
Just wonder if anybody is still using original rules (MACD, Stoch, TL bounce)?
Is it still profitable? Thanks.
Yes and yes
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,504
  • Feb 14, 2011 2:00am Feb 14, 2011 2:00am
Quoting Badass_UA
Hi, Guys! Started to reading this thread.
Just wonder if anybody is still using original rules (MACD, Stoch, TL bounce)?
Is it still profitable? Thanks.
you best your Badass it is!
A woman drove me to drink, and I forgot to thank her
  • #3,505
  • Feb 14, 2011 2:30am Feb 14, 2011 2:30am
a good 40 pip break from the bottom started at 3:00, I think I can go back to bed now!
A woman drove me to drink, and I forgot to thank her
  • #3,506
  • Feb 14, 2011 3:33am Feb 14, 2011 3:33am
Quoting simpleguy
a good 40 pip break from the bottom started at 3:00, I think I can go back to bed now!
Got it 80 pips target 3. Going to bed let the rest cook with a trailing stop and target further south.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,507
  • Feb 14, 2011 6:54am Feb 14, 2011 6:54am
Quoting Rufus
Got it 80 pips target 3. Going to bed let the rest cook with a trailing stop and target further south.

Rufus
Once again, awesome job!
A woman drove me to drink, and I forgot to thank her
  • #3,508
  • Feb 15, 2011 7:56am Feb 15, 2011 7:56am
Which is a more successful system - the original 5-min Force or vForce?
  • #3,509
  • Feb 15, 2011 7:58am Feb 15, 2011 7:58am
Quoting lundu00
Which is a more successful system - the original 5-min Force or vForce?
IMO F5... The original
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,510
  • Feb 16, 2011 2:14am Feb 16, 2011 2:14am
Quoting Rufus
IMO F5... The original
Thanks!
  • #3,511
  • Feb 16, 2011 12:33pm Feb 16, 2011 12:33pm
Quoting lundu00
Which is a more successful system - the original 5-min Force or vForce?
Lundu,

I don't remember hearing about anyone making the Vforce system actually work over the long haul. I might be wrong about that, but....

Stick with the original and you will learn tons!

See everyone at the London Open!

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,512
  • Feb 17, 2011 2:55am Feb 17, 2011 2:55am
Quoting simpleguy
Lundu,

I don't remember hearing about anyone making the Vforce system actually work over the long haul. I might be wrong about that, but....

Stick with the original and you will learn tons!

See everyone at the London Open!

Simple
So how many strategies/systems do you use to trade forex simpleguy?
  • #3,513
  • Feb 17, 2011 3:14am Feb 17, 2011 3:14am
that a difficult question to answer to be honest. I play, bounces off of TL, Pivots, SR, Inside/Outside Bars double/triple tops/bottoms, 123...........

I learned the basics of price action and everything I do is off of that. For example look at todays LO. I went long on the open with the break of the previous candle. after the 3:10 bar didn't make a higher high I was out when it crossed to a bear bar. I watched the next bar start and realized that once again it didn't make a higher high and this tells me to be prepared for a short. So I put a short in two pips from the open and a SL a pip above the top. When the trade broke, I moved my SL up a few times till I finally went out on the 3:45 candle.

then after I got out the next two candles showed something. lower lows but not highs. On the 4:00 candle I went in when the candle went up didn't make a higher high so I entered short on the break of open at 1.3547 with my SL at 1.3543. I think it's going to bounce up and take me out and I don't care cause I am not losing anything.


Now, is that a strategy? I don't know, but it's something I've seen plenty of times before on the London and NY open so I took it.

What are you looking to do?
You have any particular goals or styles?

I'm done for the open, and going back to bed so I can be back up at 7:30 for my job and start trading at 8 again. all times are EST.

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,514
  • Feb 18, 2011 10:32am Feb 18, 2011 10:32am
Quoting simpleguy
that a difficult question to answer to be honest. I play, bounces off of TL, Pivots, SR, Inside/Outside Bars double/triple tops/bottoms, 123...........

What are you looking to do?
You have any particular goals or styles?

I'm done for the open, and going back to bed so I can be back up at 7:30 for my job and start trading at 8 again. all times are EST.

Simple
So have you been consistently winning with your unique strategy?

I'm still experimenting and one thing I realise is that I don't have the temperament to hold on to a long trade.

Is there a chat group to compare notes for The Force strategy?
  • #3,515
  • Feb 18, 2011 11:47am Feb 18, 2011 11:47am
I have profitable days and some that are not. Normally every week is profitable depending who many times I make mistakes.

If you want to start out right I would advise you to do a few things.

1. Learn the discipline to hold longer, it's my biggest fault to be honest
2. learn the force 5 basic perfectly
3. Learn the pin bar!
4. find a simulator and practice every day
5. Take screen shots of your screen when you enter a trade and another after
6. compare them
7. Start a trading log, put everything on you do on it. over time you will start to develop a sense of what you are and are not good at.

Read up on Market psy, dow theory, market structure, and a good book on technical analysis

No we don't have a chat room but if you have questions post them on here and we will help you the best we can. it's kinda good cause Rufus and I have different trading strategies.

simple
A woman drove me to drink, and I forgot to thank her
  • #3,516
  • Feb 18, 2011 8:16pm Feb 18, 2011 8:16pm
Quoting lundu00
So have you been consistently winning with your unique strategy?

I'm still experimenting and one thing I realise is that I don't have the temperament to hold on to a long trade.
Every trader no matter what the trading system has a unique strategy... Each persons mind functions a different way and our trading will mimic that. Where we fall short in our ability and understanding we need to fortify it and make it a new strength.

One thing I have been working on is taking profits sooner..Usually it is the other way around for most traders. I have no problem letting a position run 100 or 200 pips...But what about a range bound market.. So anyway now I am working on grabbing more sooner in these particular situations. Which of course requires spotting them.

So anyway even though this is the Force 5 thread and we are using the same signal. The judgement comes into play as to where we take the signal then how we handle the position after that.

Every trader has there own path to clear to become successful..All I or Simple or any other trader can do to help a trader is give them the tools to do the clearing. In my opinion 95% of that clearing is mental.

Trade well

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,517
  • Feb 19, 2011 9:35am Feb 19, 2011 9:35am
Thanks Simple and Rufus for your views. I'm definitely not in the stage of targetting 100 pips per trade. I freak out when my trade goes -15 pips!
  • #3,518
  • Feb 19, 2011 10:09am Feb 19, 2011 10:09am
Quoting lundu00
Thanks Simple and Rufus for your views. I'm definitely not in the stage of targetting 100 pips per trade. I freak out when my trade goes -15 pips!

One thing that may work for you is to risk less. Instead of 1% try risking 1/4%. Then as you start to see things working for you and get a feel for price action tweak your risk up gradually.

An analogy I learned on another board...Be the blackjack dealer not a player. You know the odds are in your favor no matter how many hands you loose. The dealer is also unemotional about the "take". It can be tough to get to this point in our trading carriers, and just as tough to stay with this mind set once it is attained. But it does represent a great goal.

The F5 is a great trigger for getting into the position when you see the price action move into your favor. The key is to be able to spot the price action then pounce on it when your signal is activated. When the dealer gets blackjack all loose or at best break even.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,519
  • Feb 20, 2011 9:12am Feb 20, 2011 9:12am
Quoting Rufus
The F5 is a great trigger for getting into the position when you see the price action move into your favor. The key is to be able to spot the price action then pounce on it when your signal is activated. When the dealer gets blackjack all loose or at best break even.
You are right about F5 being a great trigger. I just need to know when to close my trade. Lots of practice is needed here.
  • #3,520
  • Feb 22, 2011 8:15am Feb 22, 2011 8:15am
Hi all

Been away studying this system. It still works for all who are interested.
Taking simpleguys advice I have been using a simulator the last few weeks replaying the weeks action a couple times every weekend to get a better grip on PA. It has started to pay off.

Here's a couple of trades I took early this am.

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Mark ... Everything you have been told is a LIE
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