10.4 A Complete System

[Wiggy1965]

I'm long on the looney, but looking at 4h slope strength, Cad is the strongest currency... might be a long wait b4 this one gets in profit.

Fireword,

Are you in from the entry last week, as i would have though an entry at the mid pivot was a very early entry, i have set a pending above the WP, as i would like price action to confirm my entry....Especially as CAD made a low on Friday...

I'm reasonable sure it will go long again, but for now you have to sit on a trade that is likely to go down before up... Setting the pending above of below current price mean you catch it in the direction you want and generally go in to profit immediately which carries a lot less stress....

Wiggy

[Wiggy1965]

eur/usd trade RSI2 signal, enter below the pivot, also area of previous congestion. NO Laguerre signal but pivot enter is a good enter from that chart along with TJ pin signal on 4H candle. USD strong, euro weak on info page. Set up 2 levels to start. May see some breakouts into trends this week aud/jpy, chf/jpy, cad/jpy have done solid buy runs so I expect to see some currency do a short run. Could be the euro, could be jpy. We will see. I am going to start looking for more than just range trades, trend breakouts could happen soon.

Bob, are you not concerned about the lows and obvious resistance....?

I have not seen a solid RSI, so nor sure it's over brought at this stage...Personally I'm waiting till RSI pins and price is below .29500

Wiggy

[Chris]

here's my pending list..

let me have it Grasshopper is listening with intent

Looks mostly the same as mine. Some I am already in.
The only one I was having a hard time with was the AUD/NZD, if you look at the daily it is right at previous resistance.
But would love to hear what others have to say.

[Chris]

here's my pending list..

let me have it Grasshopper is listening with intent

Looks mostly the same as mine. Some I am already in.
The only one I was having a hard time with was the AUD/NZD, if you look at the daily it is right at previous resistance.
But would love to hear what others have to say.

Yeah that's where i'm taking profit lol

So you are already in AUD/NZD? I thought that was your pending list?

[nanningbob]

eur/usd trade RSI2 signal, enter below the pivot, also area of previous congestion. NO Laguerre signal but pivot enter is a good enter from that chart along with TJ pin signal on 4H candle. USD strong, euro weak on info page. Set up 2 levels to start. May see some breakouts into trends this week aud/jpy, chf/jpy, cad/jpy have done solid buy runs so I expect to see some currency do a short run. Could be the euro, could be jpy. We will see. I am going to start looking for more than just range trades, trend breakouts could happen soon.

Hi Bob,

about the RSI level... right now i only take the RSI signal when it's flatten (about 99 for top and 1 for bottom). I think I was strictly inspired by some examples in your 10.4 booklet. About this EUR/USD chart, is the RSI value strong enough (above 80) for a potential setup, or do you take it into consideration because it also fulfill the criteria: tend to cross the pivot line (back to trend)?

regards
-ethe-

Of all the lines on the screen the 240 and the pivot are the two most powerful. My 10.2 and 10.3 were based on the pivot as primary now the 240 is primary and pivot is a close second. So Yes I will play the crossing of the pivot. Those that have traded 10.2 would understand its importance. I want to cross it back into the trend and many professional traders will do the same.

[Chris]

is anyone in EUR/nzd short? or am I the only crazy one. Cause I now see 3 4hr pin bars, not in my favor?

[ai101]

2nd order triggered at AudCad, target WR1

[Chris]

2nd order triggered at AudCad, target WR1

Yes I have been patiently waiting on this one all day.

[Wiggy1965]

here's my pending list..

let me have it Grasshopper is listening with intent

USDCAD, is similar to the Euro trade (see earlier post) for me in that it needs to break above WR and then i look for entries....If it comes down further and bounces off WS and RSI turns up, then there will be more value in the trade...just my view...

USDCHF, Although I'm in this trade, i did so reluctantly and almost took the trade off ten times....The reason is RSI is not pinned.....my major concern is, that I'm in early and i could have got a better entry....

AUSUSD, No RSI signal.....So, not sure what you pending order entry signal is....If this is a bounce of the pivot/MA, then that is OK, but not sure it is a 10.4 trade....You may get RSI to flatten later today and therefor an entry at the mid pivot could be possible, however your pending of .02510 does not appear to line up with anything...

NZDUSD, Again no signal as yet from what i can see...

AUDNZD, Again no signal as yet from what i can see...

In addition to the above, the size of your trades based on your account size is too high.....Further, with such a small account you should be looking to make every post a winner as you cannot afford too many losers with such a small account.... The only way you can try to do this is be selective with you trades and not enter into trade where the signal is marginal....So, my advice is to select quality over quantity....I think we have chatted about this before....

I was surprise to see you increasing your lot size when is was less that a week ago you posted that you had your ares handed to you....

Wiggy

[huhpapa]

is anyone in EUR/nzd short? or am I the only crazy one. Cause I now see 3 4hr pin bars, not in my favor?

I'm in this too LIVE !!! Risk 0.5%