Trade with 5m Force strategy, Day 13

After Tokyo open, price started to move sideways. Before the starting of present session, price showed a little upward movement. Missed some good trade yesterday due to just not being in front of the chart. So I'd like to collect as much pip possible today.

Figure 01: EUR/USD, 5m chart

At 11:00 am local time (+6 GMT), price started to climb and made a new upper TL.

Figure 02: EUR/USD, 5m chart

Price then bounced back and produced a nice selll signal. At the upper bounce point, it produced gravestone doji before moving downwards.

Figure 03: EUR/USD, 5m chart. "Gravestone doji"

After the bar price moved nicely downwards. I took the short trade immediately. At the lower TL  price bounced and started form a long signal.

Figure 04: EUR/USD, 5m chart. "Gravestone doji"

As the MACD didn't give me signal. I waited. But found another gravestone doji formed. So I kept my last 10% short position to run and refrained from going for long position.

Figure 05: EUR/USD, 5m chart.

A bullish divergence was forming. This signals a bullish move. London session is opening soon. See what happens.

Figure 06: EUR/USD, 5m chart. "Bullish Divergence"

Price moved sharply upwards, which was not a good sign. Again moved equally downwards. Then gradually moved according to chart pattern.

Figure 07: EUR/USD, 5m chart.

Reports on French consumer spending was due at 1:45 pm (+6 GMT). After the news release see what happened...

Figure 08: EUR/USD, 5m chart. "French consumer spending" news impact

Consumer spending was below the level of expected. It was -0.8% where expectation was -0.1%. Last month it was 0.2%. Impact lasted for 5m single candle - about 14 pips down.

Figure 09: EUR/USD, 5m chart. "London open"

Now see what happened after London open. After London open price moved sideways with large fluctuations of price. Then formed a pinbar immediately before news release.


Figure 10: EUR/USD, 5m chart. Pinbar formed before news release

Nice downward movement, I just watched it. No valid singnal by force system. I'll keep my eye on this type of price action more carefully.

Price, forming a new low, started to climb up again. I entered into long position this time.


Figure 11: EUR/USD, 5m chart.

Upward movement of price was not so smooth as previous downward movement. It's not unusual, specially after news release, I think. Price movement here started to produce a divergence with stoch indicator.

Figure 12: EUR/USD, 5m chart. "Hiddne bearsih divergence"

Price was producing a Lower high with stoch producing higher high. Following this divergence, price moved sharply downwards. As I'm learning these price actions, I was just observing without going into action.

Figure 13: EUR/USD, 5m chart. Bullish Divergence

In the downward movement, price was producing a lower low and stoch produced higher low which indicates a bullish divergence producing. And price moved upwards. Here I tooke the long position and grabbed 8 pips.

Figure 14: EUR/USD, 5m chart. Price action after NY open

 Then I was waiting for NY open. After NY open price started to fall until it reached daily support DS1 line crossing the WS1 line above.

Figure 15: EUR/USD, 5m chart. News release after NY open

The news had effect on the downward movement of the prices. I'll have to go to sleep as I have to go to work tomorrow morning.

Pips for today: 12 + 2 + 8 = 22

My EURJPY pair auto trade pip collection was also 22.