10.2 Trades! Post up your trades here.

[xrismak]

Jemook,
I still playing around with the system to see what fits and what dosen't , I quite understand your views especially if one takes into consideration how well you have been doing at trading with your Basket System, eventually I am going to master trading using your Basket System perfectly well, everything good takes time, so I'll take my time and Slowly learn and Catch up with you !

[gms]

Yesterday's big moves were of course triggered by news events. Still, price action bounced right at the monthly pivots exactly as described by Bob in his 10.2A document.

I took three recovery trades (EURGBP, CHFJPY, GBPCHF) and was able to recover my losses from last week's retracement. Amazing! Thank you, Bob!

gary

[gms]

This time it did not work out: I lost the initial 10.2a trade and the succeeding recovery trade on EG

[gms]

Another successful recovery trade on EURCAD H4 (+ 90 pips). I played the bounce from the MP.

Seems that I am the only one posting trades here. I would really like to discuss pure 10.2A trades, because I do not see any baskets a the moment. Maybe this is the wrong thread?

During this time of consolidation my 10.2A success ratio is only about 50:50. But with recovery trades I am able to improve the ratio.

gary

[forex.rapheal]

hi gms,
you are not alone. i am trading nb10 live with limited success..what is your recovery strategy? can you share with us?
regards,

[gms]

what is your recovery strategy? can you share with us?

if a 10.2A trade does not play out and retraces back to the MP I simply trade the bounce from the MP exactly as described in Bob's 10.2A document (page 5: "#5 For those of us that do recovery trades").

gary

[gms]

At the moment (LO 8-29) I see only one potential 10.2A trade: AUDCAD Sell. Waiting for trigger ....

gary

[forex.rapheal]

i have shorted audcad yesterday.

[The_Snowman]

Anyone, other than Jemook, writing a manual for trading NB ?

Here are some screen shot of picture perfect entry using the Daily Pivot Point

This is for EUR-AUD, August 31, 2012

First the Slope Strength, it is the strongest trending pair, you almost think it would be hard to get an entry, and some days it is, but Asian session sell down as it often does.

[The_Snowman]

Now the Monthly Pivot as shown on the Daily chart, I have the 200 EMA for reference only as many traders swear by it.