10.4 A Complete System

[mjws00]

Added the second trade on GBP/CAD.
Long 1 at 1.56636
Long 2 at 1.55466
Both SL in the middle at 1.5600

No loss on that one. Currently at +130 & +12.
Hit or Run

Pure beauty. You do such a great job of demonstrating patience with this system. I took a chunk out yesterday, and just went to sleep. Some days I'd kill for a EUR timezone. But this is great for keeping me less nocturnal.

Had a little drawdown goin on EURUSD that resolved nicely... so all is well.

[spotdespot]

aud chf trade showed set up last Friday. I set my pendings and waited. It has failed twice to break above the 240, and so I see a potential strong move down based on the AO hanging above the 0 line but failing to break the long term trend. Time to expect the aud to weaken and the CHF to strengthen. The signal has not changed so I have not changed my position. Remember I mentioned in the book you can use RSI 2 most of time but AO above 0 and price below 240 is showing a potentially strong move back into the trend.

Here are the signals:
Last thurs/fri RSI 2 marked in green
AO above 0 marked on blue
price below 240
AO giving divergance marked with a red line
Price action double top .

Red meat for the dogs anyone????

Similar here Bob.

[sponn]

Just want to clear only one thing... does AO color change form green to red over AO 0 line (when we have got down trend - ma240 above the price) and AO color change from red to green below AO 0 line (on up trend - ma below the price) are valid signals to open sell/buy order or not ?

PS I mean open order on candle close (don't wait for any pivot/sup/res line cross).

[Haymaker1]

Just want to clear only one thing... does AO color change form green to red over AO 0 line (when we have got down trend - ma240 above the price) and AO color change from red to green below AO 0 line (on up trend - ma below the price) are valid signals to open sell/buy order or not ?

PS I mean open order on candle close (don't wait for any pivot/sup/res line cross).

omg no no no no

read Bobs post on previous page

Use AO for exits.

[mjws00]

Here is an ugly one. I think most were smart enough to avoid EURUSD. It looked like it had to sell off soon, so I took the first 10.4. weakness I saw. I call it the twitch . We had lots of 15M to 1HR down momentum. With intent to add the second half at the pivot. as per vanilla 10.4. Posted here. http://www.stevehopwoodforex.com/phpBB3 ... 816#p40816

Entered second half at pivot as intended. Of course it kept going to WMS1. I don't take 3rd entries against me. So set TP to BE which is my earliest exit before SL and went to bed. Nicely flat this morning.

The legit entry at the Pivot is nicely in profit. (I'm not in it any longer.)

They can't all be pretty as a picture.

[Eamonn]

Hi Mjws


put the 120lwma on the euro (1ma on monthly) and have a look at that trade on the EURUSD,


it doesn't look that ugly now !!

Cheers

Eamonn.

[mjws00]

LOL. It actually exceeded the plan quite nicely. I think we'll have a massive spike in believers in 10.4. That spike hit pretty much every decent 10.4 entry hard. What a moving day. We are 200% ATR all over. Wow.

Mike

[mjws00]

Hopefully we'll get some BRAG CHARTS by the patient crew! Pictures please.

[sponn]

Lovely shorts on au. EAUD closed at be it was good loking one as well. Also I have closed short audchf by hand because of e/u drop = uchf rise.

[lhDT]

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