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The Force 5min system

  • #3,581
  • Apr 18, 2011 8:45am Apr 18, 2011 8:45am
Entry: Enetered on the candle with the verticle red line through it. Market went up a few pips placed short order at the open 1.4340 cause i still have a short focus on this pair.

market moved away fast and got my who order to BE about a minute or two into it

the next bar opened and again gave a few pips retrace and then started to short again. After it went below the open of this bar I moved my SL down to the very top (high) of the bar and waited to see what would happen.

the next bar opened and went down so I put it 2 pips above the open of that bar and it came back and took it out at 1.4307

Pips profit: 33

I'm done trading for the day!

Trade 1: +24 pips
Trade 2: Half +10 second half +2
Trade 3: Half +5 second half -1
Trade 4: +33

over 60 pips for the day but this is a very good day.

I have gotten a few PMs to answer over todays trades and about the 20 pips a day statement. I'll respond to them in time.

hope everyone had a great day!
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A woman drove me to drink, and I forgot to thank her
  • #3,582
  • Apr 18, 2011 11:13am Apr 18, 2011 11:13am
Hey Simple.

I missed out on all your posting. Too busy watching charts and making breakfast.

EU long. I have taken most of the profit out of it. Left a little to ride.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,583
  • Apr 19, 2011 4:24am Apr 19, 2011 4:24am
Today I had gain total 242.5pips. Eu so unstable Ranging down. I using Expert rules to trade. I am spot Pivot point and trend line. Open position before close of the candle bar. Below is my trading chart and summary of account.
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  • #3,584
  • Apr 19, 2011 4:40am Apr 19, 2011 4:40am
Today is my bad day, I didn't follow the rules, it had cause me loose 7 trade . I only biases one direction. The Euro Ranging up and I had open 5 sell position and 2 buy position. I shall close down my shop to relax and turn off my computer. I had loose 4.9% of my total equity it was my worse trade of the day ever happen.
  • #3,585
  • Apr 19, 2011 8:45am Apr 19, 2011 8:45am
Quoting mm7
Today is my bad day, I didn't follow the rules, it had cause me loose 7 trade . I only biases one direction. The Euro Ranging up and I had open 5 sell position and 2 buy position. I shall close down my shop to relax and turn off my computer. I had loose 4.9% of my total equity it was my worse trade of the day ever happen.

I feal your pain buddy.

I have gone through the same thing myself,plenty of times. The bright side of this is that you have recognized an area of your trading that you need to be watchful of. Now you can start taking the necessary steps to prevent it. This is one area of trading that I don't believe you can learn on a demo account.

See you next time on the charts.

Trade safe and wise

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,586
  • Apr 19, 2011 8:58pm Apr 19, 2011 8:58pm
Quoting Rufus
I feal your pain buddy.

I have gone through the same thing myself,plenty of times. The bright side of this is that you have recognized an area of your trading that you need to be watchful of. Now you can start taking the necessary steps to prevent it. This is one area of trading that I don't believe you can learn on a demo account.

See you next time on the charts.

Trade safe and wise

Rufus

Rufus,

you really encourage me. I feel better now, got to watchful and alert the chart direction.
  • #3,587
  • Apr 19, 2011 9:15pm Apr 19, 2011 9:15pm
Quoting mm7
Rufus,

you really encourage me. I feel better now, got to watchful and alert the chart direction.

Glad to hear. It happens to the best traders some days.

F5 so far today for me. Done now till Frankfurt opens.

Each arrow is showing scalp location. I take 1/2 off at 10 pips, 1/4 off at 20 pips. Then I shaved them again as a supply zone was approaching. The rest is following price with stops placed under swing lows on 15m chart.

Trade safe and wise. But most of all, make it fun

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,588
  • Apr 19, 2011 11:48pm Apr 19, 2011 11:48pm
Quoting Rufus
Glad to hear. It happens to the best traders some days.

F5 so far today for me. Done now till Frankfurt opens.

Each arrow is showing scalp location. I take 1/2 off at 10 pips, 1/4 off at 20 pips. Then I shaved them again as a supply zone was approaching. The rest is following price with stops placed under swing lows on 15m chart.

Trade safe and wise. But most of all, make it fun

Rufus

Rufus,

How do you can determine and spot the Supply zone and gap in there ? On Friday and Monday ? Are you using indicator to indicate you ? I am A bit curious .
  • #3,589
  • Apr 20, 2011 12:15am Apr 20, 2011 12:15am
Quoting mm7
Rufus,

How do you can determine and spot the Supply zone and gap in there ? On Friday and Monday ? Are you using indicator to indicate you ? I am A bit curious .

You can also google Sam Seidon...He has taught a lot on this.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,590
  • Apr 20, 2011 1:41am Apr 20, 2011 1:41am
Quoting Rufus
You can also google Sam Seidon...He has taught a lot on this.

Rufus,

Thanks I am now analyst your chart.

Question : DO you mean, when the price candle retrace back to supply demand zone and open buy position ? and TP about 20pips ? Am I correct
  • #3,591
  • Apr 20, 2011 8:22am Apr 20, 2011 8:22am
Quoting mm7
Rufus,

Thanks I am now analyst your chart.

Question : DO you mean, when the price candle retrace back to supply demand zone and open buy position ? and TP about 20pips ? Am I correct
Hi MM

Some traders trade these zones with pending orders. I will trade them if I see STRONG PA out of them. Something obvious, where the sellers overpower the buyers.

Last night was interesting as the zones were not respected.


When I trade I like to be aware of them so I don't buy right before a supply zone, or sell right above demand.

I still use F5 for entries on the EU but much more careful in placing trades and and managing them as a zone approaches.

Hope this is some help.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,592
  • Apr 20, 2011 9:37am Apr 20, 2011 9:37am
My three F5 positions before I went to bed. I was too tired to stay up for the first part of London.

Interesting how my third bounced off my old TL and MA.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,593
  • Apr 22, 2011 4:06pm Apr 22, 2011 4:06pm
Thursday brekfast
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,594
  • Apr 28, 2011 12:57pm Apr 28, 2011 12:57pm
EU Lunch

Bounce off, demand, WP, 38.2 fib

Most now off
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,595
  • May 14, 2011 3:21am May 14, 2011 3:21am
Quoting forexjedi
Below are the rules for trading the forece expert.

FJ
Not sure if this thread is still active, but this is scary. The current EU chart is almost identical to FJ chart from 2008. Classic long setup as per the FJ rule.
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  • #3,596
  • May 14, 2011 10:27am May 14, 2011 10:27am
Quoting Egilp
Not sure if this thread is still active, but this is scary. The current EU chart is almost identical to FJ chart from 2008. Classic long setup as per the FJ rule.
Hi Egilp

The thread may not be active but there are those of us who take F5 signals. I do so almost every day..

Charts are doing some interesting things. I keep expecting the USD to start gaining strength for a long period. This may be it.

Trade safe...

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,597
  • May 14, 2011 3:32pm May 14, 2011 3:32pm
I am new to trading, traded indicies for a while, now slowly getting into fx trading, I'm slowly planning on building my account up. Would you reccomend trading this method on 5 min chart for an FX rookie?

Thanks.
  • #3,598
  • May 14, 2011 5:20pm May 14, 2011 5:20pm
Quoting Rufus
Hi Egilp

The thread may not be active but there are those of us who take F5 signals. I do so almost every day..

Rufus
Hello Rufus,
I was searching for guidance on what to do when currency pairs go into consolidation. Studied the FJ advanced post #s 238, 1512, and 2194, and suddenly it was clear that PA seemed to respect the LT trend lines. Entries after failed retest and at bounce of STL are the way to go.
Still have much to learn to get the confidence to stay with trades.
Thanks for the reply.
  • #3,599
  • May 14, 2011 8:25pm May 14, 2011 8:25pm
Quoting tweediepie21
I am new to trading, traded indicies for a while, now slowly getting into fx trading, I'm slowly planning on building my account up. Would you reccomend trading this method on 5 min chart for an FX rookie?

Thanks.

It works well....It is a must that you read and study the thread. You absolutely cannot take every signal. People have tried to set up EA's and such but this is not that. I use F5 signals for everything from bounces off trend-lines to Fibonacci retracements it works but use it as a signal where you suspect price to turn for some reason. A rule of thumb that I use that may help you is this.

What is the underlying reason for price to turn here?????

If you have a good sound reason then I start looking for an entry. Just because two squiggly lines cross does not mean price will turn.

If you have questions, post them. Simpleguy and I check in on this and he has been doing this a long time. I think there are a few other old timers as well lurking in the shadows that may pipe in as well.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,600
  • May 14, 2011 8:31pm May 14, 2011 8:31pm
Quoting Egilp
Hello Rufus,
I was searching for guidance on what to do when currency pairs go into consolidation. Studied the FJ advanced post #s 238, 1512, and 2194, and suddenly it was clear that PA seemed to respect the LT trend lines. Entries after failed retest and at bounce of STL are the way to go.
Still have much to learn to get the confidence to stay with trades.
Thanks for the reply.
Right...Trade the tops and bottoms....look at multiple time frames to get a big picture.

Depending on the daily or weekly trends you may want to favor their direction. The chart I have posted is from 4/16 the daily trend was up so I favored long positions. I did take some shorts bu I always had a good reason for the position and I usually took profit quicker.

Rufus
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