Chris wrote:Wiggy1965 wrote:Chris wrote:Wiggy1965 wrote:Chris wrote:Just joined the forum here and have spent the last couple of days learning this system. Have now got about 9 pending orders. Wish me luck. I hope to be able to contribute and learn with the rest of you all. Looks like a great thread and system.
Thanks!
Chris, put you pending up and we can criticise/provide constructive feedback...
Wiggy
Let me have it.

Chris, fro what i can see, you entries are all perfect 10.4, however when placing you entries, you need to look left a little to ensure you pay attention to the basis of support and resistance and previous highs low.....Although you pending are perfect as per 10.4 sometimes (many times) you need to adjust them a little based on your surrounding....
Have a look at one of my earlier post to Dan (allisonmagic/grasshopper) he posted similar entries on many of these pairs and i made comments...
If i was to tell you, i think that all but two of you trades will hit their TP and two would be stopped out for significant loss based on your entry, what would you do to correct this....which entries would you alter and how, or which pending would you delete all together in order to get a 100% hit rate....I'm not saying this will happen, just posing a question to get you to look at your entries again as i feel some of them could be tweaked to get a better result your way....
Regards
Wiggy
Ok, I see my GU entry is right near previous support to the left and it is a long way from the 240. The same is true with EG although not as far from the 240
The EU entry is near a recent bottom and a long way from the 240
So do you suggest moving the entries beyond the support/Resistance zones or wait for more pull back. Or am I just way off base on the whole thing.
Thanks for taking a look Wiggy!

Correct, i think i make these points in the post to Grasshopper...
The EG and EU entries just need to be above and below previous highs plus spread, just to ensure you don't bounce off these....you may still get a peaker that goes past 10 or 20 pips, but you cant do anything about that, but you can give yourself a better chance....
The GU is just one of those trades that it has not retraced enough at this point to get me interested, you entry would be 24 pips from previous low....so unless it retraces further, say above WP, then i would pass on this....this is think is a low percentage trade.....What i would like to see, is price go down to weekly support, then back to weekly pivot, then i would enter short and the mid pivot, this is 100pips and may not happen this week...
If i was going to trade this, then i would enter below previous low at .2957 (approx) and ride it down to Weekly Sup1...This would be 75pips.....That way you have got past the low....you have given the market 24 pips as payment for showing you it's intentions, but you have a better chance of 75pips...
Just some thoughts...
I only commented on the three charts you have added, but i think you had about 8 pending....
Wiggy