10.4 A Complete System

[mjws00]

How bout this one gets argued elsewhere? The system has indicators. Most indicators smooth price. Lag is unavoidable. Moving on.

My vote is post trades.

[nicoacademia]

How bout this one gets argued elsewhere? The system has indicators. Most indicators smooth price. Lag is unavoidable. Moving on.

My vote is post trades.

well i won't bother to explain how it works. i thought it was self-explanatory.

meanwhile...

130228 ej.jpg

[mjws00]

I must be overtired. I just laughed at a blue line on a chart. WTF?

Yen pairs conflict me. Trading it back down is tough man. Such a high probability this gets stuck at WS2 if it can even get there.

I'm pretty close to wrapping it for the week. If I was a leveraged gambler would have made enough to take the year off. Feels like big money is on the sidelines and just quietly taking profits, maybe accumulating for the reversal.

[nicoacademia]

I must be overtired. I just laughed at a blue line on a chart. WTF?

Yen pairs conflict me. Trading it back down is tough man. Such a high probability this gets stuck at WS2 if it can even get there.

it looks like gillette's shaving gel to me! you're not alone!

yea. plus it's a new month tomorrow. it does have an effect.

you should see the congestion on the smaller timeframes. it's hilarious.

i guess the econo data coming up today will have to pass over first just like yesterday.

[mjws00]

Yep, I've got 20 1 minutes in front of me and nothing catches my eye. Not even a scalp to turn me on.

Green pips ya'll. Sleep has just trumped sideways BS. Maybe NY gets something flowing.

Mike

[alex_forex]

You will also see a thin yellow line. It is a 20MA, when price crosses the 20MA on a 4H chart that usually means price is change direction. When a open and close of a candle is below the 20MA then the AO will change color but many times that is too late for a good trade.

If you want to add a filter to your trading put a 20MA on your screen and put pending orders below it so you dont place your pending orders too early and get a peaker trade.

eye balling a few charts. this is a very good filter as the market respects this 20 number.

Price Action do NOT respect any Moving Average.
MAs are lagging Price.

really? that's the best you got?
maybe you don't know how to use a moving average.

and...btw
the fulcrum of this system involves an MA.

good rhetoric from the niall fuller/2nd skies/ardurino schenato camp.

Was just about the "RESPECT" term, Price do not see any MA.
Anyway, you are better than me fore sure, apologies.

[Gertje]

Patience pays.....

[mrelectron]

<snip>
Patience pays.....
</snip>

Well done.

Do those little red arrow thingies indicate WHEN you placed the trade.

Can you give me some idea of your thinking, its just that they look early according to 10.4

Thanks
Mark

[Gertje]

<snip>
Patience pays.....
</snip>

Well done.

Do those little red arrow thingies indicate WHEN you placed the trade.

Can you give me some idea of your thinking, its just that they look early according to 10.4

Thanks
Mark

Yes, they do indicate the time of entering the pending.
The 1st was prematurely, but stil needs to get triggered.
The 2nd was when the RSI went flat.
The 3th as well, got triggered and caused some DD.
As I calculated lotsize when I entered #1, I had some 'spare-change' to spend.
The 4th I entered when price went against #3, but since the signals stayed valid I went ahead and entered the pending.

Attached the ITM this morning, when #2, 3 and 4 were in profit.
Now waiting for the PA to move and trigger #1 and drop like a rock.

I didn't enter a TP, want to see what the ITM will do when the colour changes from red -> green.
Also disabled the BE-function, but still see the blue-line, so no idea if this will work.

Right now I'm in 10 pairs, and am floating flat equity wise.
GBPNZD is the only one that has more than 1 order open.

[mrelectron]

Thanks Gertje, I'm in this trade as well but my first pending trade was at WMR1 which it hit and then bounced off - gotta hate that.