10.4 A Complete System

[hammondnz]

........... So here is a gbp/nzd classic breakout play. I drew the yellow line where there has been support and now we can place our pending sell under that line and get into the trade when price breaks south again. Now if I am wrong about this news story, you wont be in the trade, but if I am. Hot diggity dog you will enjoy this run. So play the breakout on the gbp/nzd and to heck with the indis until they tell you to get back out of the trade.


..........Then on the other hand .............................. I could be wrong ......................... I hate fundamentals there is always something that pops up to prove them wrong.

Hi Bob,
As will notice my GBPNZD chart looks somewhat different to yours (Aussie broker GMT+3) and price has already dropped and closed below the 1.81484 support line (blue), OK to place a pending sell order at the WS1 on Monday morning or wait to see what the market open brings in the way of a gap, see what happens during the day (NZ/Asian session) and wait for the London open (6pm our time). There is a 30 pip gap between closing price and WS1 so just looking for your thoughts.

Many thanks and best regards
graham

[nanningbob]

........... So here is a gbp/nzd classic breakout play. I drew the yellow line where there has been support and now we can place our pending sell under that line and get into the trade when price breaks south again. Now if I am wrong about this news story, you wont be in the trade, but if I am. Hot diggity dog you will enjoy this run. So play the breakout on the gbp/nzd and to heck with the indis until they tell you to get back out of the trade.


..........Then on the other hand .............................. I could be wrong ......................... I hate fundamentals there is always something that pops up to prove them wrong.

Hi Bob,
As will notice my GBPNZD chart looks somewhat different to yours (Aussie broker GMT+3) and price has already dropped and closed below the 1.81484 support line (blue), OK to place a pending sell order at the WS1 on Monday morning or wait to see what the market open brings in the way of a gap, see what happens during the day (NZ/Asian session) and wait for the London open (6pm our time). There is a 30 pip gap between closing price and WS1 so just looking for your thoughts.

Many thanks and best regards
graham

That is the gap I was talking about and probably be bigger by opening. 800 plus pips the week
before with little retracement so hard to say there might be a good entry point later. Gaps can be hard to predict.

[nanningbob]

[quote="jmdias"]Hi Bob,
IN your fundamental analysis you forgot to mention Sunday Italian elections
cheers[/quote)

That is what is I mean from what I understand that could set the euro into a wild week also. Well this could be fun with a chance at some triple level entries. May have to activate s2 S3 and R2 & R3.

[nanningbob]

Wondering if chf is going to intervene again.

[padnoter]

Attached is another 10.4 dashboard.
I created it to show potential 10.4 rsi setups. I wanted to use bob's 1.01 template and stick with the RSI indicator rather than the stoch.
It's not all my own code, I've used bits from Deltabron's CurrencySlopeStrength.mq4/TMASlopeMTF.mq4 & Don Isbell's AllPairs_10.3_Don_..mq4 - so credit to them as well.

The dashboard shows for each pair (you can select all symbols, or a discrete list of symbols, and exclude certain symbol (part)strings - in the parameters);
the pair name
the rsi2 value
the ma240 trend (red means price is below=DT, green=price is above=UT)
# of pips to ma240

rsi_dashboard_10.4.png

The pair name & rsi2 value will turn red/green to show when a good RSI2/Trend setup is ready.
i.e. so in an UT (price above ma240 green), the pair name will turn green when the RSI2 is flat around 0 (<=10)
& in a DT (price below ma240 red), the pair name will turn red when the RSI2 is flat around 100 (>=90)

The rsiUT/rsiDT parameters can be set to determine what value the RSI2 has to be to cause the colour change (default is 10 & 90

I've included a template to use
& a modified version of TMASlopeMTF.mq4 - which is called via iCustom for the RSI - TMA calc i.e. it is needed for the dashboard to work - so put both .mq4 in your ../indicators dir.
- no performance issues on my laptop...

Hope it helps somebody. The .mq4 is also attached, so if anyone wants to enhance/change - feel free.

[mjws00]

Nice one padnoter! Looking forward to taking a look.

[vdwaltme]

Thanks Padnoter. This would be THE tool to use

[Dewey McG]

Attached is another 10.4 dashboard.
I created it to show potential 10.4 rsi setups. I wanted to use bob's 1.01 template and stick with the RSI indicator rather than the stoch.
It's not all my own code, I've used bits from Deltabron's CurrencySlopeStrength.mq4/TMASlopeMTF.mq4 & Don Isbell's AllPairs_10.3_Don_..mq4 - so credit to them as well.

The dashboard shows for each pair (you can select all symbols, or a discrete list of symbols, and exclude certain symbol (part)strings - in the parameters);
the pair name
the rsi2 value
the ma240 trend (red means price is below=DT, green=price is above=UT)
# of pips to ma240

rsi_dashboard_10.4.png

The pair name & rsi2 value will turn red/green to show when a good RSI2/Trend setup is ready.
i.e. so in an UT (price above ma240 green), the pair name will turn green when the RSI2 is flat around 0 (<=10)
& in a DT (price below ma240 red), the pair name will turn red when the RSI2 is flat around 100 (>=90)

The rsiUT/rsiDT parameters can be set to determine what value the RSI2 has to be to cause the colour change (default is 10 & 90

I've included a template to use
& a modified version of TMASlopeMTF.mq4 - which is called via iCustom for the RSI - TMA calc i.e. it is needed for the dashboard to work - so put both .mq4 in your ../indicators dir.
- no performance issues on my laptop...

Hope it helps somebody. The .mq4 is also attached, so if anyone wants to enhance/change - feel free.

Great job on this! The only thing I would ask is if you can add more padding between each line. On my screen it is all bunched up. I did the best I could, but am not sure how to do this in the code. I attached PICS to show what it looks like, then what I did by changing the font to kaliki, font size to 7 and the corner to 0. (I also changed X and Y to 15).

[nanningbob]

Does anyone know what happened with Cowboy IBFX. My screen freezes up, a newly installed Empty4 doesnot work and their website is not accessible. Anyone else having this problem. It is not China because I am in the USA now.

[alex_forex]

Server Down
Was the case with Alpari UK too a few minutes ago
Seems we have Empty4 updates over this week-end...