10.4 Advanced and Counter

[mjws00]

EURAUD is almost a stock 10.4 trade. Just the setup on the RSI a little different. It is still a pullback, then turn back into the trend. I didn't take the counter-trend up... but it was a pretty turn and very predictable.

Still riding this, but starting to trail it tighter. We might get a pop down, or we'll get stopped for a nice profit.

[mjws00]

Easier to learn the main system if the odd stuff is kept off to the side. Hopefully people will start adding their own special twists to 10.4 and it won't just be me posting.

Things seem to get a little lost on this board if they aren't in 1 or 2 main threads.

Mike

[rosst]

Here is a counter I couldn't resist - look at the D1 & W1 too - may breakout here - but I had to chance it :-0

[mjws00]

Closed out EURAUD. Would've LMAO if the perfect exit had hit me. Bid was below TP, ask missed.

Looks like we finally have some momentary flow in USD.

Hope the AUDCAD works out rosst. Chart looked pretty there. Any thoughts on a stop, scale in etc? Another quick test of WMR2 followed by a severe drop might work very nicely for you.

Pips away from the GBPUSD trade working out risk free. Good old timezone cost me again. Non aggressive late-adding 10.4's should have a nice trade.

Mike

[rosst]

Here is a counter I couldn't resist - look at the D1 & W1 too - may breakout here - but I had to chance it :-0

didn't work - should have stuck with trend trades. I think I will take my 100 pips and go home...will probably regret it because I have been catching about 300 pips/week for the past 2 weeks... shouldn't complain!

[mjws00]

Here comes your AUDCAD.

[rosst]

Here comes your AUDCAD.

Yes - it left without me!

[rebyte2]

GBPUSD getting ready for nice CT.

[rebyte2]

That was a nice surprise... i will take that and call it quits for the night.

[mjws00]

Very very nice, rebyte. I'll take 100+ instant pips with a tight stop all day long.

Stoch addition on your chart looks nice too. Gonna play with that as a pending trigger, I'm fussy and what the tightest entry possible even if it means I have to monitor trades a bit more.

Mike