10.4 Advanced and Counter

[mjws00]

Not sure we are going to make the next level, so I am taking profit. May flip this and go long as the 10.4 setup is shaping nicely. 70 pips.

[mjws00]

So here is another Counter 10.4. USDJPY.

H4 RSI Topped out nicely. H1 Turned down. Sold Break of Last Weeks WMR1. There were a number of similar set ups on Yen pairs. GBPJPY was nice as well. CHFJPY is holding out. Will try and hold on to this one a little. WS1 is certainly doable. 92.85-92.75 may be enough support to kill it. In the others as well.

Ridin.

[Gertje]

Is it possible to show the ADR on the H4 chart?

I'm playing with the idea of using this value for SL instead of the 240MA when PA is FAR away from the MA.

Also the ATR of the H4 could be usefull for TP-pips when counter-trend trading. Entry's on the [mid]pivots and exits after the number of pips the ATR gives us on the H4.

The RSI2 gives very good signals, when laying flat there will be a breakout of some sort. Both with and against the trend.

[mjws00]

I'm using this for ATR projections. On my chart it is the Yellow and gray lines. The gray is at 80% ATR. Yellow 100%

Never seen .mq4 posted for this one.

[Gertje]

I'm using this for ATR projections. On my chart it is the Yellow and gray lines. The gray is at 80% ATR. Yellow 100%

Never seen .mq4 posted for this one.

I'm only interested in the number [value] of the ATR of the daily and H4, not where there are located.
Thanks, will look into it.

[mjws00]

JPY Series has half profit taken. All are free-ridin. Pretty one is GBPJPY. All look good. I will sit on my hands for the other half, exit via 4H RSI oversold or 4H AO. I'm thinkin AO may teach me a further lesson in patience.

Free-ridin is good.

[Tebis]

I'm using this for ATR projections. On my chart it is the Yellow and gray lines. The gray is at 80% ATR. Yellow 100%

Never seen .mq4 posted for this one.

Hi mjws00,

are you looking for this one:
http://www.forexfactory.com/showthread.php?t=277084

CHeers
Tebis

[mjws00]

Thanks for the heads up, Tebis.

[mjws00]

So I punched out of AUDNZD earlier. Basically just wanted my account flat so I could catch my breath. I still like the short side of this pair. It isn't 10.4 only by virtue of the fact that we are a little bit above the 240. I also like the rejection of the 240 TMA band. WR2 would have been a perfect entry, but I'll take this one.

Target is the weekly pivot. I'll be watching price action and if we are anywhere near WMR2 and not rejecting I will likely pull the plug. RR somewhere around 3:1. We will lock early as It was a pretty strong move up and we don't want to get stuck holding an impulse wave against.

I'm never opposed to a second entry, but not sure I will here, likely just punch out if we can't retrace, then possibly resume downtrend.

[mjws00]

DANG THIS IS A SLOW PAIR I will use it as an exercise of patience. Somebody post something fast and fun Break a few rules in a clever way.

Mike