10.4 A Complete System

[xrismak]

There is plenty of opportunities right now ... I'm thinking wrong ?

- EURJPY Long 124.96
- EURAUD Long 1.2926 & 1.3000
- EURGBP Long 0.8622
- GBPJPY Long 144.82
- USDCAD Long 1.0037
- USDJPY Long 93.30 &
- USDNOK Short 5.4900
- AUDUSD Short 1.0343
- AUDJPY Long 96.47
- AUDCAD Short 1.0341 (already short from 1.0366)
- AUDCHF Short 0.9531
- CADJPY Long 93.36

Is this correct ?? I think that's a bit too much no ??

EURJPY Long 124.96
- EURAUD Long 1.2926 & 1.3000
- EURGBP Long 0.8622 << selling GBP
- GBPJPY Long 144.82 << Buying GBP
- USDCAD Long 1.0037 << Buying USD
- USDJPY Long 93.30 & << Buying USD
- USDNOK Short 5.4900 << Selling USD
- AUDUSD Short 1.0343 << Buying USD <<Selling AUD
- AUDJPY Long 96.47 <<Buying AUD
- AUDCAD Short 1.0341 (already short from 1.0366) <<Selling AUD
- AUDCHF Short 0.9531 <<Selling AUD
- CADJPY Long 93.36 <<Selling CAD


You have quite a few Long, Shorts there, you are selling and buying at the same time, like Hedging.

Best Regards
Andy

Yes,
this is more like it, that's how loads of People are going to learn and follow or Dispute certain set ups
Good Stuff. It will make us all smart Traders, especially with that pending Orders Script that Steve Uploaded it just makes life Simple.

Happy Trading Y'all,
xrismak

[blazko]

Is this something we could consider ar "perfect setup"?

[Dewey McG]

Is this something we could consider ar "perfect setup"?

Well I am as new to this as everyone, but I don't think this would qualify as perfect and would not take the trade myself.

Where would your entry be? Looking back at the past several weeks price has not moved past WS2. Is it likely to go turn back and go their now AND hit the next target down by week's end?

[The_Snowman]

Speaking of set up's and the GBP, is there enough hours left in trading week for this scenario, or will there be a typical GBP bounce back?

:

[forex.rapheal]

Hi Steve and NB,
Is it possible to have a dash board to display all potential trades at the "Info" template?
Happy Chinese New Year!

[SWG123]

Is this something we could consider ar "perfect setup"?

I'd want to see the close below the WP. As you can see, my hindsight is perfect!

[lhDT]

Hi,

My EURAUD triggered during asian.
SL was almost hit by 5 or 6 pips. The trade doesn't looks good at the moment but seems H4 bounced a bit on the weekly support.

I would love to read your comments.

Cheers,
Lio

[pips400]

Hi,

My EURAUD triggered during asian.
SL was almost hit by 5 or 6 pips. The trade doesn't looks good at the moment but seems H4 bounced a bit on the weekly support.

I would love to read your comments.

Cheers,
Lio

If you look at the previous swing highs they are not getting higher, suggesting that the pair is more ranging than trending. This is true I've noticed for a lot of the pairs, and I'm looking at the idea of adding a trendline to connect swing highs or swing lows, and only take a 104 trade when we have higher highs or lower lows. Not sure though, will need to do some testing, because it might filter out a lot of potentially good trades as well. What does anyone else think?

[lhDT]

Ok, but that's adding more & more rules to the system and this is a bit suggestive.
FYI, the previous swings was forming a triangle so HL & LH ...

[The_Snowman]

Hi,

My EURAUD triggered during asian.
SL was almost hit by 5 or 6 pips. The trade doesn't looks good at the moment but seems H4 bounced a bit on the weekly support.

I would love to read your comments.

Cheers,
Lio

Nothing in the manual about Counter Trend Trading, only Trend & Ranging is explained, but sometimes, I think, you just have to trade towards the 240 MA.

Right now, taking consideration of both JPY & EUR sentiment, plus EUR-USD below the 240 MA, I am short the EUR-JPY, but that's just me, only time will tell and not much left of this week.