10.4 A Complete System

[rebyte2]

Anyone care to have a stab at which is right?

RSI (2) is top
STO 5 is bottom.

[etheldreda]

I have this pending order EUR/GBP. Buy stop set above weekly pivot, as I only place pending order once price broke MA10. If later price broke below MA240, I will cancel the pending.

Note: Have just seen there was a double top below last week pivot. Hopefully this time price will break the pivot and go straight up right after

[cjthomson]

anyone watching GU?

130305 gu.jpg

WS1 is 180 pips away I will race you to it. Set up 3 entrance levels.

Hi Bob, This one looks to be bullish right now so are you looking to put another pending entry at Mid Res 1 and another at Res 1; or possibly even at both areas?

[nicoacademia]

anyone watching GU?

130305 gu.jpg

WS1 is 180 pips away I will race you to it. Set up 3 entrance levels.

looks like the race is on. but i'll wait for tag of WR1

[rosst]

anyone watching GU?

130305 gu.jpg

Yes - pending set at pivot (1.5077)

[Wiggy1965]

Anyone care to have a stab at which is right?

RSI (2) is top
STO 5 is bottom.

At this stage neither are giving you an entry....Wait until one shows an entry and we can discuss.....It may well be that RSI presents an entry first then Sto, but the pending could be in the the same positions....could be..

Wiggy

[rosst]

anyone watching GU?

130305 gu.jpg

WS1 is 180 pips away I will race you to it. Set up 3 entrance levels.

Thanks for this info Bob - are your pendings above and below price or just below?
Thanks again...

[Wiggy1965]

anyone watching GU?

130305 gu.jpg

WS1 is 180 pips away I will race you to it. Set up 3 entrance levels.

Hi Bob, This one looks to be bullish right now so are you looking to put another pending entry at Mid Res 1 and another at Res 1; or possibly even at both areas?

Bullish...?

It's come down 1400 pips over 9 weeks with a 170 pip retrace in three days....

This 170 retrace is exactly what 10.4 is designed to capture...

If you had traded this pair using the 10.4, firstly you would never have been stopped out and secondly you would have entered about 7 weeks ago (real first entry) and could have made 3 to 4 times the 850 pip range from mid February ....with a $1 a pip, that would $3,400 in 7 weeks on one pair

That is mighty fine going.....

That's why I'm a bit critical of forcing trades....It's not about quantity, it's about quality...

This trade still has some work to do from my point of view to get RSI to flatten, i think this will be at Res1....It may even go through this and test previous highs at .5212 at which case a entry would be Res1, which would be ideal....the more it retraces, the more we make...

Regards
Wiggy

[Wiggy1965]

So far i've got about 5 pending at the moment.. however i'm going to stop posting and start reading. You guys have given me lots of information to study and it's helping a lot

Chicken...

[spotdespot]

This trade still has some work to do from my point of view to get RSI to flatten, i think this will be at Res1....It may even go through this and test previous highs at .5212 at which case a entry would be Res1, which would be ideal....the more it retraces, the more we make...

Regards
Wiggy

I think there is a pretty good chance it stalls right where it is now. Just draw a horizontal line look left on H1, H4 and then zoom right out on D1 until you can see when it was last at this price.

News may affect it though for a while.

EDIT: - Yep - that news would do it