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The Force 5min system

  • #3,521
  • Feb 23, 2011 9:10am Feb 23, 2011 9:10am
You need the MACD and quick MA's on there otherwise too many false signals.
  • #3,522
  • Mar 11, 2011 2:45am Mar 11, 2011 2:45am
Rufus and Simpleguy tell me,when you see the market going against your trade and you have a bad feeling about it. Do you stop the trade early or wait for it to hopefully turn around before the stop loss kicks in. Or are you just not getting into these situations to begin with..

I ask you as I'm not making gains,the gains I make are simply wiped when the stop loss is hit.Ive been trying the method for about 5 months and want to improve
  • #3,523
  • Mar 11, 2011 6:07am Mar 11, 2011 6:07am
My personal style is when it goes against me and I don't like how it feels I get out. I can always get back in. You should keep track of all your trades and take a look at it to see what you are doing wrong, right, and why you feel a certain way.

Tell us about your trades and maybe we can help. What times are you trading? Put up some charts.

Simple

PS: you are on demo right?
A woman drove me to drink, and I forgot to thank her
  • #3,524
  • Mar 11, 2011 9:16am Mar 11, 2011 9:16am
Quoting winty
Rufus and Simpleguy tell me,when you see the market going against your trade and you have a bad feeling about it. Do you stop the trade early or wait for it to hopefully turn around before the stop loss kicks in. Or are you just not getting into these situations to begin with..

I ask you as I'm not making gains,the gains I make are simply wiped when the stop loss is hit.Ive been trying the method for about 5 months and want to improve

The psychological side of trading. IMHO the most important.

For me. If a candle changes the the fundamental reason I entered the position I close it. One of the toughest things to do for me is to consistently accept my risk. Loose 3,4,-10, straight and then not let it build in your mind to fear to put on the next. When fear enters into the picture you become blinded to all except what you are fearful of in the chart. The end result is that the obvious thing in the chart is missed.

If you are not "fearing" and you get the bad fealing for the trade. Then consider the exit. When fear is not invoved your subconscious mind then can work with you.

Treade safe

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,525
  • Mar 11, 2011 9:53am Mar 11, 2011 9:53am
I am trading London times, on a demo account now. Had a real micro account before,but it failed.
Imo this week has been very bad. how many force5 trades did you manage to take this week? And was it a successful/unsuccessful for you this week?
I will get some pics up of my trading next week,for you to look at.
Thanks
  • #3,526
  • Mar 13, 2011 9:31am Mar 13, 2011 9:31am
Hello Force5 Trader and Guess,

This is my first time to post at FF. I am glad to have this great system to help collect pips daily.

First of all , I would like to thanks and very appreciated ForexJedi, who provide this wonderful system and had been sharing a lot in this thread cum author.

2. I would like to thanks Robdee, who custom made EA update stop loss to us,it is very useful to me.

In the beginning I had read entire thread and found interesting to have try in Force 5Min system. And Second time I go thought slowly I found a lot treasure inside the thread. I had grab and keep in my computer about these ForexJedi and Robdee our Forex Mentor.

Unfortunately Both of them are no longer active in this thread. I hope there will notice this post.
  • #3,527
  • Mar 13, 2011 3:01pm Mar 13, 2011 3:01pm
Welcome to the thread. Look go see more of y. You as time moves on
A woman drove me to drink, and I forgot to thank her
  • #3,528
  • Mar 13, 2011 9:39pm Mar 13, 2011 9:39pm
Quoting simpleguy
Welcome to the thread. Look go see more of y. You as time moves on
Thanks Simpleguy and Rufus keep the thread live. Appreciated more post of you guy keep update us the market now. What will happen to our EU pair as Japan is hit by tsunami. I personal feel that the market is so rare unpredictable. What you guy opinion ?
  • #3,529
  • Mar 13, 2011 11:38pm Mar 13, 2011 11:38pm
Quoting mm7
Thanks Simpleguy and Rufus keep the thread live. Appreciated more post of you guy keep update us the market now. What will happen to our EU pair as Japan is hit by tsunami. I personal feel that the market is so rare unpredictable. What you guy opinion ?
MM7,

This may sound strange but i try not to form an opinion cause when I personally form an opinion I hold on to it more than I should. Something I learned about myself. I'm watching S/R and going on with the flow. I'm not touching the Yen, I don't understand it, so I'm not going to play with it.

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,530
  • Mar 14, 2011 12:14am Mar 14, 2011 12:14am
Quoting simpleguy
MM7,

This may sound strange but i try not to form an opinion cause when I personally form an opinion I hold on to it more than I should. Something I learned about myself. I'm watching S/R and going on with the flow. I'm not touching the Yen, I don't understand it, so I'm not going to play with it.

Simple
I agree with Simple..

If I come to the market with a preconceived idea as to what I "think" the market will do. To often it doesn't and because of my preconceived idea I fail to see the obvious signs of reversal. I also have been studying about our subconscious mind and how it works. When we are only slightly convinced of a situation we will often times block the power available from the subconscious.

This is an excerpt about the book "Blink"

. What is "Blink" about?

It's a book about rapid cognition, about the kind of thinking that happens in a blink of an eye. When you meet someone for the first time, or walk into a house you are thinking of buying, or read the first few sentences of a book, your mind takes about two seconds to jump to a series of conclusions. Well, "Blink" is a book about those two seconds, because I think those instant conclusions that we reach are really powerful and really important and, occasionally, really good.

From the last page of the book. Malcolm Gladwell tells us that "When we take charge of the first two seconds" we can then have the power of the blink.

So in a nutshell. I am always careful of what I think the market will do. I plan my positions.(If price goes here and does this I will enter.)

From trading in the Zone

"Be rigid in our rules flexible in our expectations"

Trade safe and it is good to see you around.

Rufus
Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,531
  • Mar 14, 2011 9:38am Mar 14, 2011 9:38am
Hi.. Stevexyg , Rufus , Simpleguy

Can I check with you guy about add comment to Specific User ? I coludn't find button to click.

Thank a alot in Advance.....
  • #3,532
  • Mar 14, 2011 11:11am Mar 14, 2011 11:11am
Quoting mm7
Hi.. Stevexyg , Rufus , Simpleguy

Can I check with you guy about add comment to Specific User ? I coludn't find button to click.

Thank a alot in Advance.....
think it's at the bottom of the profile for the user
A woman drove me to drink, and I forgot to thank her
  • #3,533
  • Mar 14, 2011 5:53pm Mar 14, 2011 5:53pm
what is the difference between EMA 5 to the close and
EMA 5 to the open ? Which EMA-s do I need to draw?
thanks
  • #3,534
  • Mar 14, 2011 8:27pm Mar 14, 2011 8:27pm
Quoting Rocky23
what is the difference between EMA 5 to the close and
EMA 5 to the open ? Which EMA-s do I need to draw?
thanks

You have them both plot. Part of the signal is the EMA's crossing.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,535
  • Mar 15, 2011 3:45am Mar 15, 2011 3:45am
Quoting Rocky23
what is the difference between EMA 5 to the close and
EMA 5 to the open ? Which EMA-s do I need to draw?
thanks
Rocky,

here is the system rules, take a look over this and if you have any questions let us know.

Simple
Attached File(s)
File Type: pdf Force5minsystem.pdf   87 KB | 874 downloads
A woman drove me to drink, and I forgot to thank her
  • #3,536
  • Apr 4, 2011 9:39pm Apr 4, 2011 9:39pm
Hello F5 trader,

It seem you guy so quiet at this moment. Why ? I am great since I had move on to expert rules, everyday making pips. I use to follow Robdee style,always put a note Lesson I learn to remind me. It is very helpful.

Do post something to encourage our newbie and share your experience to us.

Thanks in advance
  • #3,537
  • Apr 4, 2011 11:26pm Apr 4, 2011 11:26pm
Quoting mm7
Hello F5 trader,

It seem you guy so quiet at this moment. Why ? I am great since I had move on to expert rules, everyday making pips. I use to follow Robdee style,always put a note Lesson I learn to remind me. It is very helpful.

Do post something to encourage our newbie and share your experience to us.

Thanks in advance
I will post ,some stuff as it comes up. My trading lately has been limmited do to work.

Post some of your charts... It will be great to see how you are doing.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,538
  • Apr 5, 2011 1:16am Apr 5, 2011 1:16am
Quoting Rufus
I will post ,some stuff as it comes up. My trading lately has been limmited do to work.

Post some of your charts... It will be great to see how you are doing.

Rufus
Please have a comment
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  • #3,539
  • Apr 5, 2011 1:22am Apr 5, 2011 1:22am
Quoting Rufus
I will post ,some stuff as it comes up. My trading lately has been limmited do to work.

Post some of your charts... It will be great to see how you are doing.

Rufus

hi Rufus and F5 Trader

My Lot Size is 0.10 = 0.10% of my equity . Please post your chart to encourage each other
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  • #3,540
  • Apr 5, 2011 9:04pm Apr 5, 2011 9:04pm
Quoting mm7
hi Rufus and F5 Trader

My Lot Size is 0.10 = 0.10% of my equity . Please post your chart to encourage each other

Today is making 146pips, exercising expert rules. After Nyse open, the chart change to advance rules.
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