10.4 A Complete System

[Dewey McG]

Start of the week and here is what I have:

Price SL TP

EUR/NZD Pending sell 1.57251 1.59690 1.55913
GBP/CHF Pending sell 1.4262 1.45262 1.41783
GBP/NZD Pending sell 1.82543 1.88207 1.8019
GBP/AUD Pending sell 1.49912 1.5159 1.4919
EUR/GBP Pending Buy .8647 .84823 .87098
GBP/CAD Pending Sell 1.5548 1.57441 1.54373

Using reduced risk because of so much exposure to the GBP

[mjws00]

Yep. One more on GBPUSD, looking to see how this one plays. One read is that bulls so weak they couldn't even peg the RSI. Other is I am early I am taking this break of MS1. We are trading off last weeks overbought. If I was being discretionary I might enter half here and wait to see if I can get in at the pivot on London volume.

Throw up a chart. Not many real time examples showing. (That said not many have appeared yet.) Waiting for London... but then we have US holiday. Blech.

Mike

[mjws00]

Start of the week and here is what I have:

Price SL TP

EUR/NZD Pending sell 1.57251 1.59690 1.55913
GBP/CHF Pending sell 1.4262 1.45262 1.41783
GBP/NZD Pending sell 1.82543 1.88207 1.8019
GBP/AUD Pending sell 1.49912 1.5159 1.4919
EUR/GBP Pending Buy .8647 .84823 .87098
GBP/CAD Pending Sell 1.5548 1.57441 1.54373

Using reduced risk because of so much exposure to the GBP

Dewey, hope you post these when they trigger or you take them. I'm looking forward to lots of eyes and pictures to learn from.

[Dewey McG]

Same here. One of the great things about this forum is how much we can learn from each other.

[lhDT]

I'm Long NZD/USD / Price : 84327 SL : 8379 TP : 8556
- Rising channel
- 38.2/50% retracement in an uptrend
- SL just below 61.8
- RR 1:2.4

[Pueo]

I see a strong support level coming up on the pound. I'd be surprised if there isn't a strong bounce if/when price gets down to around 1.5280. I'm planning to watch for a long gbp/yen...

[Pueo]

I'm Long NZD/USD / Price : 84327 SL : 8379 TP : 8556
- Rising channel
- 38.2/50% retracement in an uptrend
- SL just below 61.8
- RR 1:2.4

I like it! Thanks for posting this and thanks for the dashboard!

[mjws00]

I'm Long NZD/USD / Price : 84327 SL : 8379 TP : 8556
- Rising channel
- 38.2/50% retracement in an uptrend
- SL just below 61.8
- RR 1:2.4

Nice. No reason why that doesn't comply with setting pendings with a bottomed rsi/stoch. I'm hoping we get a twitch on the 4H RSI that will give me an entry. But might miss this leg. Fibs don't lag.

[ross]

OK. Here is a live one. We are coming out of pegged RSI. My backtesting is showing that the RSI twitch is the best time to place pendings... so here we go. I am a few pips above the pivot.

How bout post the charts as you take em so we can see these things folks. Best way to learn, imho.

Mike

I am in this too...

[ross]

thanks for that pips, yep using correct settings but cant see the flat top or bottom, it doesnt look like bobs on his charts where you can see the tops and bottom, mine just runs into the top of the box

If I'm understing this correctly, you're looking at charts with the NT TMA True Slope/RSI2 indi which does show the flattening out. But this was causing some problems, so there is an alternative to use the Stochastic instead which does a similar job. But to simulate the RSI2 with the stochastic, rather that seeing the flattening out, instead it's cut off at the 20 and 80 levels, so where you see the signal disappear, then that's what you're looking for as the equivalent to the NT TMA True Slope/RSI2 indi. I hope that makes sense.

BTW welcome to the thread.

Someone has posted (sorry to the smart guy who discovered this - I can't find your name now) all you need to do is turn showinfo false - this fixes the RSI problem....