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- Trader4Life replied Jul 23, 2009
LD, I saw this trade set up and took it as well, but my entry to short was 1.4221. The signal candle was 10:15GMT. How did you enter at 1.4225, was it early before signal candle close? Anyway, i exit 50% at 10pips and 30% at 15pips and the last 20% ...
The Force 5min system
- Trader4Life replied Jul 22, 2009
Tick, That is one choas looking chart. it looks like a Van Gogh painting. I try to keep my charts simple and plain as possible so i can read it and hopefully make clear decisions. the entire point of this method is to keep it simple. remember. i saw ...
The Force 5min system
- Trader4Life replied Jul 22, 2009
LD, That is a nice catch!!! to make a trade after a good move (many pips with at least a small trend) followed by a doji or something similar then wait for a signal in the other direction. This was seen on the chart you posted. I believe this may ...
The Force 5min system
- Trader4Life replied Jul 22, 2009
exit for loss. i was faked out with long signal. should have gone with another short signal as it appeard on 13:10GMT candle and nowing showing good 10+pips note: i am demo trading, do not take my trades live.
The Force 5min system
- Trader4Life replied Jul 22, 2009
believe a long signal just appeared on the 13:00GMT candle. since its near the bottom of this week's channel with a 20pip stop below it, i think its a good signal. NOT strong. Long at 1.4187 SL at 1.4167
The Force 5min system
- Trader4Life replied Jul 22, 2009
EXITS with additional focus on MACD — i am noticing while waiting for TPs to be hit, that i should try to focus more on MACD making lower lows when short instead of the inprocess candles before closing. i think this may help me to stay in the ...
The Force 5min system
- Trader4Life replied Jul 22, 2009
opening US session 7.22.09 — just noticed a short signal after a few candles touching resistance 1.4216. i jumped ship quick for 5pips becuase this pair keeps channeling/ranging/etc. see chart below. as i am typing this the pair looks to be ...
The Force 5min system
- Trader4Life replied Jul 22, 2009
stop loss — I believe the stop loss is to be the high of the signal candle or 20pips, but the minimum is to be 20pips. The signal candle needs to be up candle when long signal, and down when a short signal. Questiona about the signal candle. ...
The Force 5min system
- Trader4Life replied Jul 21, 2009
open of Asian session 7.21.09 — hello all, looking at the chart and not sure what will happen if it drops 15pips. it will bee support and converging TL. see chart below. what's your thought on direction? i am looking for LONG signals if ...
The Force 5min system
- Trader4Life replied Jul 21, 2009
I got it bookmarked!!! when trading this method, i will log into this as well. response time could be slow as i am multi tasking with life too.
The Force 5min system
- Trader4Life replied Jul 21, 2009
exit trade at 1.4206 for +11 pips. reason for exit: too much consolidation and could continue to range plus there is a support line at 1.4200 and its a big whole number.
The Force 5min system
- Trader4Life replied Jul 21, 2009
short at 1.4219 at close of 15:25 GMT candle edit : stop loss at 1.4235. thinking maybe entered too soon due to TL giving strong support with three bounces so close. or it's ready to break and head south. keep tight stop and see what happens. NOTE : ...
The Force 5min system
- Trader4Life replied Jul 21, 2009
Advanced rules indicates a potential short signal coming up once stoch cross. maybe this candle or the next. it also broke short term up TL and possibly forming a 123 too.
The Force 5min system
- Trader4Life replied Jul 21, 2009
7/21/09 US session — EU had a short pop above 1.4250 and back below. wonder if it was a false long break out or a clue as the next break above it will be more powerful. im trying to keep open mind to not force price action my way. i need to ...
The Force 5min system
- Trader4Life replied Jul 21, 2009
The Exit is discretionary and up to the individual trader. It should be at a comfort level and falls in line with established goals. That is were demoing this method on EU will help you make establish a good exit strategy. whatever it maybe.
The Force 5min system
- Trader4Life replied Jul 21, 2009
Dang! EU is a strong bull as it broke 1.4250 now. need to see all candles above this level and a long signal.
The Force 5min system
- Trader4Life replied Jul 21, 2009
Looking at the EU right now and it's been channeling for about 24 hours now between 1.4250 and 1.4280. maybe this early US session it will break out. when it does and either up or down, sure hope this method gets and early signal and catches large ...
The Force 5min system
- Trader4Life replied Jul 17, 2009
continuation — Hello anyone who is interested in trading the Force 5Min, I have been out of the game of FX most of this year due to major life changes. I have spent the past week reading this thread and watching / demoing EU during Asian ...
The Force 5min system
- Trader4Life replied Aug 13, 2008
I come across many signals where the ma crossing is one candle later too. maybe waterflame's latest update will address this comment. I see EJ on 15min. two bars ago have a cross down for a short with ma and cci on the same bar. would be up 20pips. ...
Simplicity is the ultimate form of sophistication ( Elite )
- Trader4Life replied Aug 13, 2008
[quote=Konstas;2159991] Trader4life, with all my respect to you - you are not trading Elite as it should be - so, be careful with your advices... ppl listen to you and may went into a different direction. I saw you trading - you scalp 3-5 pips per ...
Simplicity is the ultimate form of sophistication ( Elite )