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The Force 5min system

  • #3,701
  • Edited 3:51am Oct 18, 2012 3:37am | Edited 3:51am
..short again.

edit (11:38): moved stoploss to -10.
edit (11:50): scratched at b/e, not happy with the momentum. Will wait now until the dust settles after US Claims figures at 13:30.
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M181012b.GIF Size: 35 KB
  • #3,702
  • Edited 3:04am Oct 19, 2012 2:24am | Edited 3:04am
Unable to trade after news yesterday, looks like the hrly H&S played out but a tricky day to trade nonetheless.

Had to pan out to the daily chart this morning to get a fix on S&R...and ranging between pivots atm on the 5min, so no trade taken so far this session. The weekly chart shows the bull-flag quite clearly. I learned from the Genesis thread not to be totally biased by HTF patterns when trading off intraday charts, but that being said having the bigger picture in mind each day is extremely useful.
Attached Image (click to enlarge)
Click to Enlarge Name: EUDLY191012a.GIF Size: 28 KB
  • #3,703
  • Edited 4:21am Oct 19, 2012 3:21am | Edited 4:21am
1st trade today. Liked the 15Stoch divergence to support this entry, all other criteria lining up too off S1.

edit: stopped out for -16.
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M191012a.GIF Size: 34 KB
  • #3,704
  • Oct 19, 2012 4:56am Oct 19, 2012 4:56am
Quoting dug_forex
does anybody else have a view of the european open?
Dug, I try not to have A view. I have several and watch the order flow and follow. If the order flow is against the trend I move SL to BE quicker and TP quicker than if it's with the trend.
A woman drove me to drink, and I forgot to thank her
  • #3,705
  • Edited 6:48am Oct 19, 2012 5:41am | Edited 6:48am
..long again (EU), from 1.3045 with a 13 pip SL.

edit (14:13 UK): SL to +4
edit: SL filled (+4).
  • #3,706
  • Edited 9:05am Oct 19, 2012 7:15am | Edited 9:05am
With S1 breaking down, now looking for potential SbR setup on a retrace.

edit: yup, here we go..short from 1.3023 (SL -15)..
edit: 17:05 - took +5 after the previous pin and wkend beckons.
  • #3,707
  • Edited 8:12am Oct 22, 2012 7:08am | Edited 8:12am
..a better day using Force on EU. Took +30 from the long around 09:45 London signal and in again long now.

edit (15:25 UK): locked in +9.

edit: TP filled for +19.
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M221012a.GIF Size: 39 KB
  • #3,708
  • Oct 24, 2012 3:19am Oct 24, 2012 3:19am
+57 short this morning down to S1 and done for the day. Unable to trade yesterday which looked another good day for EU Force signals with the hrly trend.
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M241012a.GIF Size: 35 KB
  • #3,709
  • Oct 25, 2012 1:31am Oct 25, 2012 1:31am
EU at an interesting level on the daily and could now be setting up on the 5M (short)..daily could also be showing a bull flag, so waiting for PA to lead the way before taking a Force signal in that direction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUDLY251012SR.GIF Size: 25 KB
Click to Enlarge Name: EU5M251012a.GIF Size: 35 KB
  • #3,710
  • Oct 25, 2012 2:22am Oct 25, 2012 2:22am
Hi Sidefx,

Great point on the daily chart setup.
  • #3,711
  • Edited 4:28am Oct 25, 2012 4:07am | Edited 4:28am
Quoting dug_forex
Hi Sidefx,

Great point on the daily chart setup.
PA is slow given the US news later, but I'm in twice from the same price on signals above R1. I wouldn't normally trade into a pivot and round number like this, but I was happy with the risk (16 pips initially) and price action was leading the way and giving me confidence to do so. There have been 2 opportunities to reduce this risk further and now both lots are at breakeven. If they're not stopped 30min or so before the news, i'll close the trades.

edit (12:20 UK): stop trailed to +10.
edit: out for +10. Flat now ahead of data at 13:30 and 15:00 (UK).
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M251012b.GIF Size: 38 KB
  • #3,712
  • Oct 25, 2012 4:45am Oct 25, 2012 4:45am
There's an EU R1 re-test signal in play now (although 15M stoch not aligned) which I won't take with 45mins to news.
  • #3,713
  • Oct 25, 2012 7:06am Oct 25, 2012 7:06am
Will enter on a Force long above the DP. Stochs looking good so far..
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M251012c.GIF Size: 37 KB
  • #3,714
  • Oct 26, 2012 3:38am Oct 26, 2012 3:38am
Nice short in play atm..

Edit: TP hit for +40.
Attached Image (click to enlarge)
Click to Enlarge Name: EU5M261012a.GIF Size: 34 KB
  • #3,715
  • Oct 28, 2012 3:00am Oct 28, 2012 3:00am
Hi Sidefx

I am really liking the way you are trading. The PA is everything. The hourly stochastic is a fantastic filter for trend. Do you know if there is any lag or repainining in the multi-timeframe stoch?
  • #3,716
  • Oct 28, 2012 3:15am Oct 28, 2012 3:15am
The better setups I can see come as bounces off proven support and resistance areas, especially H4 and daily -however H1 is also great. Force shows nice entries into these trends.

I really like to see either a head and shoulders or a double top or bottom pattern on M5, then look for the force to take over. The 1Hour stoch can help a lot as well.
  • #3,717
  • Oct 28, 2012 4:56am Oct 28, 2012 4:56am
For those of you that like the idea of using the mtf stochs, attached is another.

You can use the following MT4 indicator (attached bellow) named Stochastic Trader to check instantly if the market is oversold/overbought/neutral and what the Wave is according to the Stochastic indicator and receive alerts whenever any of the above changes for up to ten currencies with a click of a button.

Credit to theforexcabin .com

If you are looking for intructions for use of this indicator just google the above site. You will also find many other mtf indicators there.

PS Great trading system ForexJedi has shared here.. glad to see this thread come back to life again!

G
Attached File(s)
File Type: rar Stochastic-TRADER-www.theforexcabin.com_.rar   3 KB | 610 downloads
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #3,718
  • Oct 28, 2012 4:28pm Oct 28, 2012 4:28pm
Quoting dug_forex
Hi Sidefx

I am really liking the way you are trading. The PA is everything. The hourly stochastic is a fantastic filter for trend. Do you know if there is any lag or repainining in the multi-timeframe stoch?
Hi dug_forex, i haven't noticed any lag so far.
  • #3,719
  • Oct 28, 2012 4:39pm Oct 28, 2012 4:39pm
Quoting GPips
For those of you that like the idea of using the mtf stochs, attached is another.

You can use the following MT4 indicator (attached bellow) named Stochastic Trader to check instantly if the market is oversold/overbought/neutral and what the Wave is according to the Stochastic indicator and receive alerts whenever any of the above changes for up to ten currencies with a click of a button.

Credit to theforexcabin .com

If you are looking for intructions for use of this indicator just google the above site. You will also find many other mtf indicators...
Hi

Thankyou so much for sharing this. I will test it out. I agree, it is a good thread. The methodolgy is consitantly profitable and has no smoke or mirrors about it.
  • #3,720
  • Oct 28, 2012 4:41pm Oct 28, 2012 4:41pm
Quoting sidefx
Hi dug_forex, i haven't noticed any lag so far.
Hi Sidefx,

That is really good. Just a question on the M5 are you waiting for both of the stoch lines to cross 80 or 20, and or displaying a divergence before considering a trade? I am asking this as the higher timeframe filter with H1 stoch may lead to shallower pullbacks.

I have really valued your contribution. I am learning a lot from this.
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