10.4 A Complete System

[Wiggy1965]

Here is a trade that is low risk and doesnt quite fit the 10.4 scenario but it could be rewarding 5:1 R:R. The gbp/jpy broke just above the 240 line but could very easily break back down. The pivot and 240 MA are very close and playing a break off of both maybe a nice trade. Playing the gbp/jpy will reenter its DT but if it fails the SL is put on the other side of the 240 and Pivot making it a low risk but potential great gain trade. Looking for 100 pips but SL around 20 pips.

Daily trend is up, so I'm staying out of these small excursions above or below the MA....I think I'm going to wait for it to go higher, then maybe pullback to WP, then look for a Long trade entry....It may not happen this week....

Bob, i think this may be a "pitch out" to see if you can get the runner, good luck....

Wiggy

[Chris]

Okay, was going to set up for the NZD/CHF but then looked at the daily and realize this is a long term resistance zone. What do you all think? Leave this one alone or is there any fundamental reason that may cause it to push higher?

[nanningbob]

Okay, was going to set up for the NZD/CHF but then looked at the daily and realize this is a long term resistance zone. What do you all think? Leave this one alone or is there any fundamental reason that may cause it to push higher?

Aud/cad and nzd/chf are the two I have set up so far. I dont expect much early in the week so i dont get too agressive. I will get more aggressive as the week develops.

Gbp/jpy is very low risk and gbp is the weak currency right now so taking a shot; with Ozzie Smith on first it is a good shot.

[hammondnz]

Here is a trade that is low risk and doesnt quite fit the 10.4 scenario but it could be rewarding 5:1 R:R. The gbp/jpy broke just above the 240 line but could very easily break back down. The pivot and 240 MA are very close and playing a break off of both maybe a nice trade. Playing the gbp/jpy will reenter its DT but if it fails the SL is put on the other side of the 240 and Pivot making it a low risk but potential great gain trade. Looking for 100 pips but SL around 20 pips.

Hey Bob

Just another thank you for all the tireless work you put in to help us newbies and not so newbies alike to be successful traders. The 10.4 system is a cracker and I am particularly liking the look of the Lageurre/RSI indicator. I've set up a template and going through about 10 - 12 pairs so far it looks like a winner and particularly for my tired old eyes! I'm finding it easier to spot the trades than I did with the AO/RSI. Now all we need is for one of our amazing dashboard coders to include it in a dashboard and I think I'll be in "trade spotter's heaven"...........

Again, many many thanks and
Regards
Graham

[Chris]

Here is what I have got setup for now. Let me have it.

[Chris]

Is it possible to put the pivot price on the pivots and mid pivots to aid in placing orders? Or could we make a script that would place the orders at these various pivot points?

[Chris]

Is it possible to put the pivot price on the pivots and mid pivots to aid in placing orders? Or could we make a script that would place the orders at these various pivot points?

yeah i prefer a script for pending orders, because every time i set a pending, my broker will kick me into the trade just to get me in just before a reversal. they spike price on me. almost every time

who is your broker?

[nanningbob]

Is it possible to put the pivot price on the pivots and mid pivots to aid in placing orders? Or could we make a script that would place the orders at these various pivot points?

Baluda's indis have those but they dont have the back test lines just the present S/R lines.

[Chris]

Is it possible to put the pivot price on the pivots and mid pivots to aid in placing orders? Or could we make a script that would place the orders at these various pivot points?

yeah i prefer a script for pending orders, because every time i set a pending, my broker will kick me into the trade just to get me in just before a reversal. they spike price on me. almost every time

who is your broker?

fxcm

i mean they spike the spread, hitting the majority's SL's or pendings

I think that is the nice think about this system, is that it is trying to get you into the larger trends. I can see spread spiking causing a problem with scalping systems but I would hope that this system can reduce the effects of those kinds of stop outs.

But when I say script, I would like to be able to select a WPPP (weekly pivot point pending) or WMPR1P(Weekly mid pivot R1) and just drag it to the chart and create the pending order maybe even include the 240 SL.
I will have to look into it, I have only done some EA programming (very little) but not script programming.

[Chris]

Is it possible to put the pivot price on the pivots and mid pivots to aid in placing orders? Or could we make a script that would place the orders at these various pivot points?

Baluda's indis have those but they dont have the back test lines just the present S/R lines.

Where do I find those?