10.4 A Complete System
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Dewey McG
- Trader
- Posts: 435
- Joined: Sat Nov 26, 2011 4:20 pm
- Location: Tampa FL
Re: 10.4 A Complete System
Both the GBPCHF and the EURGBP triggered.
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Henric
- Trader
- Posts: 44
- Joined: Sun Feb 03, 2013 2:11 pm
- Location: Belgium, 500 meters from Northern French border...
Re: 10.4 A Complete System
BOB,
Just to let you know that I'm very very greatfull to you because you opened my eyes and now I can see and recognise a trend, a real trend !!
1000 Thanks for this, for the great job you did setting up this sytem completely and sharing it.
Also many thanks to Lio, (he may be my neighbour even, living in Brussels) for the great dashboard you set up, I'm already using it.
Furthermore thanks to all the other people in this tread giving their support and their contribution and sharing their settings and results.
Wish you all a lot of pips.
(Myself have open: demo, sells on audnzd, gbpaudl and gbpnzd, all little dd for the moment).
Cheers,
Henric
Just to let you know that I'm very very greatfull to you because you opened my eyes and now I can see and recognise a trend, a real trend !!
1000 Thanks for this, for the great job you did setting up this sytem completely and sharing it.
Also many thanks to Lio, (he may be my neighbour even, living in Brussels) for the great dashboard you set up, I'm already using it.
Furthermore thanks to all the other people in this tread giving their support and their contribution and sharing their settings and results.
Wish you all a lot of pips.
(Myself have open: demo, sells on audnzd, gbpaudl and gbpnzd, all little dd for the moment).
Cheers,
Henric
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lhDT
- Trader
- Posts: 198
- Joined: Tue Nov 15, 2011 9:52 pm
- Location: Brussels/Belgium
Re: 10.4 A Complete System
Hi all,
Question to Bob or Bob's method frequent trader about add-ins & SL placement.
Here on the NZDUSD long I took this morning. Where should be the next buy lvl and if triggered, where should I place my stop ?
Based on the rules, it should at point (2) at the weekly mid resistance (0.8494), I think.
And to correctly setup my risk %, I need to know where I should set my stoploss for the second long ?
1- again below the 240MA ?
2- In the middle between entry 1 and second buy lvl (around 8470) to have a BE if it falls ?
Thanks,
Lio
Question to Bob or Bob's method frequent trader about add-ins & SL placement.
Here on the NZDUSD long I took this morning. Where should be the next buy lvl and if triggered, where should I place my stop ?
Based on the rules, it should at point (2) at the weekly mid resistance (0.8494), I think.
And to correctly setup my risk %, I need to know where I should set my stoploss for the second long ?
1- again below the 240MA ?
2- In the middle between entry 1 and second buy lvl (around 8470) to have a BE if it falls ?
Thanks,
Lio
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MurphyMan
- Trader
- Posts: 345
- Joined: Tue Nov 15, 2011 2:35 pm
- Location: Southern Illinois, USA
Re: 10.4 A Complete System
IhDT brings up a point, about the new stop loss. It's supposed to be at BE, isn't it?
Yes, Bob has a BE indicator on the Info window, but there may be a better way. The Beast had an indicator that showed BE, as a blue line, but I think it was integrated onto the EA. Anyone have that as a standalone? I think it would be really useful with 10.4.
Sam
Yes, Bob has a BE indicator on the Info window, but there may be a better way. The Beast had an indicator that showed BE, as a blue line, but I think it was integrated onto the EA. Anyone have that as a standalone? I think it would be really useful with 10.4.
Sam
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lhDT
- Trader
- Posts: 198
- Joined: Tue Nov 15, 2011 9:52 pm
- Location: Brussels/Belgium
Re: 10.4 A Complete System
I presume indeed the first order SL should be placed at BE for the first order but my question is for the second order.MurphyMan wrote:IhDT brings up a point, about the new stop loss. It's supposed to be at BE, isn't it?
Yes, Bob has a BE indicator on the Info window, but there may be a better way. The Beast had an indicator that showed BE, as a blue line, but I think it was integrated onto the EA. Anyone have that as a standalone? I think it would be really useful with 10.4.
Sam
Where should I place it ? At inital 240, which is lower than the first order SL (at BE), or same as the first order SL (so BE), or in the middle between the two orders to get a guaranteed no-loss order.
Anyway, that SL should be known before opening the second trade to be able to calculate lot allocation.
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McNish
- Trader
- Posts: 227
- Joined: Tue Nov 06, 2012 3:56 pm
Re: 10.4 A Complete System
Hello,
@ lhDT : Your first buy is OK and the sl is below 240. Fine. As soon as you enter second buy at WMR1, your sl for the first order will move up above the first buy and sl for the second order will again be at the same place as the sl for the first, i.e midway of the two orders. That way you'll have a BE situation for both combined. Hope that's clear.
@ lhDT : Your first buy is OK and the sl is below 240. Fine. As soon as you enter second buy at WMR1, your sl for the first order will move up above the first buy and sl for the second order will again be at the same place as the sl for the first, i.e midway of the two orders. That way you'll have a BE situation for both combined. Hope that's clear.
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erikskenne
- Trader
- Posts: 62
- Joined: Fri Mar 30, 2012 6:27 pm
Re: 10.4 A Complete System
Japp intresting for a short run,Pueo wrote: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...
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Wiggy1965
- Trader
- Posts: 326
- Joined: Fri Jan 04, 2013 11:58 am
- Location: Melbourne - Australia
Re: 10.4 A Complete System
Hi Guys,
Just working though this system and it seems like at least 5 pairs are setting up for trades within the next 24 hours, so it's going to be interesting...
I placed a pending short trade on the GBPAUD (See below) and just looking for confirmation that my entry looks good and is consistent with the 10.4 strategy...!
Basically, price below 240 MA, RSI is flat and AO is the only concern....I think ideally we need this above zero from what i understand...Although i also understand you don't need both indicators for an entry...
I have placed my sell below mid pivot and I'm targeting Weekly Sup1
Any feedback welcome....
Regards
Wiggy
****Update (01:05 GMT) I have been entered short at .04198*****
Just working though this system and it seems like at least 5 pairs are setting up for trades within the next 24 hours, so it's going to be interesting...
I placed a pending short trade on the GBPAUD (See below) and just looking for confirmation that my entry looks good and is consistent with the 10.4 strategy...!
Basically, price below 240 MA, RSI is flat and AO is the only concern....I think ideally we need this above zero from what i understand...Although i also understand you don't need both indicators for an entry...
I have placed my sell below mid pivot and I'm targeting Weekly Sup1
Any feedback welcome....
Regards
Wiggy
****Update (01:05 GMT) I have been entered short at .04198*****
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Last edited by Wiggy1965 on Tue Feb 19, 2013 1:11 am, edited 1 time in total.
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ross
- Trader
- Posts: 43
- Joined: Thu Nov 17, 2011 3:50 pm
- Location: Austin, Texas
Re: 10.4 A Complete System
I have those + eurnzdDewey McG wrote:Both the GBPCHF and the EURGBP triggered.
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lhDT
- Trader
- Posts: 198
- Joined: Tue Nov 15, 2011 9:52 pm
- Location: Brussels/Belgium
Re: 10.4 A Complete System
Crystal clear ! Thanks !McNish wrote:Hello,
@ lhDT : Your first buy is OK and the sl is below 240. Fine. As soon as you enter second buy at WMR1, your sl for the first order will move up above the first buy and sl for the second order will again be at the same place as the sl for the first, i.e midway of the two orders. That way you'll have a BE situation for both combined. Hope that's clear.