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The Force 5min system

  • #3,621
  • Dec 7, 2011 8:47am Dec 7, 2011 8:47am
Quoting MickaelFx
Hi all,

I've read a lot about the force system and I'm wondering if there's someone trading this method nowadays.
Would you mind sharing your experience and explain to me what's wrong with the position I've attached .

Thanks in advance,

Mickael
Mickal,

Hello, I remember this trade cause I actually was in it opposite of you last night. First we were looking at a defined trend last night and it was down, you went against the trend. Second, you see that big long red bar just to the left of your trade, that is a great sign that the bars are in control. I've attached a shot from what I saw last night. you see the down trend lines in yellow. an outer line and then a faster inner line, which is still intact to this moment. Then you see my lower trend line in blue. You see how that big bar broke through it and it went through fast saying, "Bulls, you don't stand a chance get the hell out of my way!"

I listened to that. Now you see the very small pin bar that went back into resistance and covered the liquidity of that spike, this is one of my favorite times to trade. I went short there.

So what went wrong for you basically:

1. you went against the trend
Look at the chart, i added 3 short dashed lines and 2 dashed purple lines. this should show you the lower highers and lower lows
2. you traded into a area of resistance without leaving enough room for profit
3. when the market said you were wrong you stayed in the trade

Hope that helps some!
Attached Image (click to enlarge)
Click to Enlarge Name: sys 2.gif Size: 28 KB
A woman drove me to drink, and I forgot to thank her
  • #3,622
  • Dec 7, 2011 7:27pm Dec 7, 2011 7:27pm
Quoting simpleguy
Mickal,

Hello, I remember this trade cause I actually was in it opposite of you last night. First we were looking at a defined trend last night and it was down, you went against the trend. Second, you see that big long red bar just to the left of your trade, that is a great sign that the bars are in control. I've attached a shot from what I saw last night. you see the down trend lines in yellow. an outer line and then a faster inner line, which is still intact to this moment. Then you see my lower trend line in blue. You see how that big bar...

Hey Simple

Good to see you around.

This system will work well if traded properly. Simple is a master st it as well.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,623
  • Dec 8, 2011 1:42am Dec 8, 2011 1:42am
Hi simpleguy,

Tks for your reply. Now I understand even if I really did thought that i was within the trend. (the uptrend was the 15 mins, and the downtrend was the 5mins trend)
But the thing is that you'r right.It was clearly dangerous due to the strong resistance just above, and the spike should have alert me no to stay in the trade.
I've done many mistakes, but you've teached me how no to do it again.

Thanks !!



Quoting simpleguy
Mickal,

Hello, I remember this trade cause I actually was in it opposite of you last night. First we were looking at a defined trend last night and it was down, you went against the trend. Second, you see that big long red bar just to the left of your trade, that is a great sign that the bars are in control. I've attached a shot from what I saw last night. you see the down trend lines in yellow. an outer line and then a faster inner line, which is still intact to this moment. Then you see my lower trend line in blue. You see how that...
  • #3,624
  • Dec 13, 2011 2:31pm Dec 13, 2011 2:31pm
Have not posted much on here due to inactivity. We had a few people on last week so I thought i post my day. At the beginning of the day I was not sure where we were going to do so I came up with a plan how how I was going to play the day if it was an up day, a long day, or ranging.

First trade is the break of the trend line on the left hand side. played a short on pull back rode it down to where the small line was. Nice 22 pips.

I didn't get into the big move until you see the thick blue line. a nice PB into S2 and rode it down till the next blue line. I actually got out at 13:05. Gave it time to bounce around a little and didn't like where it was going. Started to range so I took my pips and ran. A nice 75 pips!

third trade of the day was the pull back on the second set of yellow dash tl. Shorted it on the PB and got out in the range. 16 pips.

109 pips on the day. I wish everyday was this simple and easy, i would be quieting my full time job very soon, lol. this is an example of what a trending day can be if you just take your time and pick the very best trades and go with them.

Simple
Attached Image (click to enlarge)
Click to Enlarge Name: force 12 13.gif Size: 23 KB
A woman drove me to drink, and I forgot to thank her
  • #3,625
  • Jan 18, 2012 10:21am Jan 18, 2012 10:21am
Quoting simpleguy
Have not posted much on here due to inactivity. We had a few people on last week so I thought i post my day.
Thanks. I'm coming back to the 5 minute chart. Had enough of waiting for longer term candles to "breathe" & suck the life out of my account.
My favorite crochet hook is size J. It's a J-Hook!
  • #3,626
  • Jan 18, 2012 11:28am Jan 18, 2012 11:28am
Quoting littlebunny
Thanks. I'm coming back to the 5 minute chart. Had enough of waiting for longer term candles to "breathe" & suck the life out of my account.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,627
  • Jan 26, 2012 10:36pm Jan 26, 2012 10:36pm
I remember following this thread religiously. Now it's dead. Anyone actually still following the rules of this system?
  • #3,628
  • Jan 27, 2012 1:07am Jan 27, 2012 1:07am
Quoting Reset_JL
I remember following this thread religiously. Now it's dead. Anyone actually still following the rules of this system?

Hey Reset

I don't follow the rules as laid out here. But the principles of Price action I learned here is how I trade. The system is good.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,629
  • Jan 29, 2012 8:52pm Jan 29, 2012 8:52pm
So do I follow the principles of price action. I understand what you are saying Rufus but looking at this: If you don't follow the system then not sure how you think it is good. Just trying to objectively look at only the rules set out in this thread. Seems like no one is following them. I am wondering how many other threads, or percentage of threads, in FF suffer the same fate as this one. Must be around 95%. That is, very hot for about 1-2 years, with many disciples only to be placed on the dust bin of history. Any thoughts on this Rufus? I think my 95% figure is a pretty good guess.
  • #3,630
  • Jan 30, 2012 1:57am Jan 30, 2012 1:57am
Quoting Reset_JL
So do I follow the principles of price action. I understand what you are saying Rufus but looking at this: If you don't follow the system then not sure how you think it is good. Just trying to objectively look at only the rules set out in this thread. Seems like no one is following them. I am wondering how many other threads, or percentage of threads, in FF suffer the same fate as this one. Must be around 95%. That is, very hot for about 1-2 years, with many disciples only to be placed on the dust bin of history. Any thoughts on this Rufus?...
Reset i think you are correct about the threads. What makes this "system" so good is it's basically training wheels. When we had all the people on here you were able to learn a lot about training while your getting in there and getting your hands dirty. Then as time moves on you just get better and better while adding more and more tools to your belt. No matter what we do it all comes down to price action and supply and demand. I think this thread did a great job doing that without a lot of mumbo jumbo till they got caught up in the vforce project which just killed the thread and the failure of that drove off many of the regular posters.

I will continue to send noobs here that are insistent on being a LTF trader.
A woman drove me to drink, and I forgot to thank her
  • #3,631
  • Jan 31, 2012 11:39am Jan 31, 2012 11:39am
Quoting simpleguy
Reset i think you are correct about the threads. What makes this "system" so good is it's basically training wheels. When we had all the people on here you were able to learn a lot about training while your getting in there and getting your hands dirty. Then as time moves on you just get better and better while adding more and more tools to your belt. No matter what we do it all comes down to price action and supply and demand. I think this thread did a great job doing that without a lot of mumbo jumbo till they got caught up in the vforce project...
I just got back in town and Simple wrote just what I was thinking about when I saw Resets post 2 days ago.

This system is great until you understand price action. I then had to get rid of the bells and whistles as they were now cluttering up my chart. Force 5 is a great tool for learning to trade.

Hope all is going well
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,632
  • Jan 31, 2012 12:17pm Jan 31, 2012 12:17pm
Quoting Rufus
I just got back in town and Simple wrote just what I was thinking about when I saw Resets post 2 days ago.

This system is great until you understand price action. I then had to get rid of the bells and whistles as they were now cluttering up my chart. Force 5 is a great tool for learning to trade.

Hope all is going well
I hope you got back in town to trade the E/U today! I'm so mad, I had meetings and missed the whole move down this morning.

Oh well, there will always be more. Hope all is well.

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,633
  • Jan 31, 2012 12:29pm Jan 31, 2012 12:29pm
Quoting simpleguy
I hope you got back in town to trade the E/U today! I'm so mad, I had meetings and missed the whole move down this morning.

Oh well, there will always be more. Hope all is well.

Simple

This whole week is messed up for me with trading. Heading out again tomorrow. Trying to get a large job done before the Supper Bowl. Not to mention be able to bill for it.

Maybe F5 thread will come alive with all our chit chat.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,634
  • Jan 31, 2012 3:16pm Jan 31, 2012 3:16pm
Same boat. I was in, but abandoned my trade because my husband insisted I go with him to run an errand. Did grab +23 before we left. Eagerly looking forward to those "always more".
My favorite crochet hook is size J. It's a J-Hook!
  • #3,635
  • Feb 4, 2012 12:27pm Feb 4, 2012 12:27pm
just hoping that this will help me be profitable in fx trading... i'm in guys...
botsog
  • #3,636
  • Feb 4, 2012 3:24pm Feb 4, 2012 3:24pm
Quoting botsog
just hoping that this will help me be profitable in fx trading... i'm in guys...
Botsog,

this is a great way to start. It's hard work and it is not going to be quick and easy. it will take a lot of work and a lot of reading and a practice. If you have questions post it on here, post your charts and we will try and help with what we can.

Simple
A woman drove me to drink, and I forgot to thank her
  • #3,637
  • Feb 4, 2012 3:42pm Feb 4, 2012 3:42pm
Quoting botsog
just hoping that this will help me be profitable in fx trading... i'm in guys...

I have been working out of town a lot lately. Once I get back to my "Forex Normal" (Most call it crazy) routine, I will start posting some F5 entries.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,638
  • Feb 7, 2012 8:16am Feb 7, 2012 8:16am
So was anyone positioned for the move today? 15 minutes before the spike we had a break out occurring. A spike like this is why you move to Be + and then just take half off and let the rest run.

Love a surprise like that!
A woman drove me to drink, and I forgot to thank her
  • #3,639
  • Feb 7, 2012 8:56am Feb 7, 2012 8:56am
Quoting Rufus
I just got back in town and Simple wrote just what I was thinking about when I saw Resets post 2 days ago.

This system is great until you understand price action. I then had to get rid of the bells and whistles as they were now cluttering up my chart. Force 5 is a great tool for learning to trade.

Hope all is going well
Obviously, have not been a great poster here but had like to buttress Rufus' comment about force5m system. Its one of the really nice system here on FF, once you get good at price action trading as rufus as rightly said, you can use the system as tools for better entry into market move as it gives good timing and momentum into the trend. I dont use it the way its been laid out here but for entry into the trend from pullbacks as i love to trade along the trend. Pull out your chart and see if you'll have winners every time the MAs cross in the direction of the trend its pure Gold.lol
Let God be true, and every other man be a liar
  • #3,640
  • Feb 7, 2012 9:53am Feb 7, 2012 9:53am
Quoting simpleguy
So was anyone positioned for the move today? 15 minutes before the spike we had a break out occurring. A spike like this is why you move to Be + and then just take half off and let the rest run.

Love a surprise like that!

I was asleep...West coast can be tough for the Forex market. Lately I have been considering going to bed earlier and getting up at 4:30am 30 minutes before US open. Then go put in a days work
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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