- Search Energy EXCH
- ChowClown replied Nov 12, 2008
...be good to see a reversal soon, in line with GU...holding up well atm.
The Force 5min system
- ChowClown replied Nov 12, 2008
..apologies for any confusion, hope the chart helps....not advocating this as part of FJ's method of course, just my ramblings on riskier trades i sometimes take. Edit:..took 80% @ +20 and was stopped out at b/e on the rest. No more 'hairy' trades ...
The Force 5min system
- ChowClown replied Nov 12, 2008
...took the last signal short with lower stakes, the stoch wasn't coming down from overbought, but i spotted a 123 short pattern and took the break of that, which coincided with the Force signal.
The Force 5min system
- ChowClown replied Nov 12, 2008
although tempted by the swing low break, the stochastic reading at the time of the signal was way too low in it's cycle for me to enter, so still on the sidelines waiting for a better setup.
The Force 5min system
- ChowClown replied Nov 12, 2008
...i won't be taking the long, if it signals this time...will wait for another short.
The Force 5min system
worth re-booting for!! 
until tomorrow.- ChowClown replied Nov 12, 2008
...like your style, Monte
....i'm holding on tight for now...this is a G-Force impulse wave factor 9 with bells on Edit:...13:05 (UK) flat now...great trade.The Force 5min system
- ChowClown replied Nov 12, 2008
Pleasure, FJ. I'll do my best, when i can...still have much to learn.
The Force 5min system
- ChowClown replied Nov 12, 2008
we're all free riding now hopefully...nice move.
The Force 5min system
- ChowClown replied Nov 12, 2008
we're in...i've reduced risk down to above the high of the last 5min candle on this one, don't quite trust it yet.
The Force 5min system
- ChowClown replied Nov 12, 2008
...close of this candle for the signal...as long as it holds over the next few minutes....ideally not too much of a bear candle prior to entry.
The Force 5min system
- ChowClown replied Nov 12, 2008
Well done, OB1. Great patience. See you tomorrow. ...fingers crossed for a profitable US session. Good luck all.
The Force 5min system
- ChowClown replied Nov 12, 2008
...who's up for fading this move on the next short signal?...if i don't take it (thinking that we're now in an uptrend), i'll no doubt go and miss a 100+ move south
The Force 5min system
- ChowClown replied Nov 12, 2008
Nice one, FX. Braver than me, my emas hadn't crossed until the long bullish bar had closed, they were equal (on my chart) at the time of your entry from the looks of it....good for you though, worked well.
The Force 5min system
- ChowClown replied Nov 12, 2008
Sure, chart shows bullish divergence where price makes lower lows but the stochastic is making higher lows. Edit:...the downtrend force is strong though, use the force
..sorry couldn't resist.The Force 5min system
- ChowClown replied Nov 12, 2008
...bullish divergence on the stochastic now, but i'm wary and weary of bottom fishing
...having said that i'll take the retracement long setup if it signals.The Force 5min system