10.4 A Complete System

[Gertje]

Bob,

Like with the AUDJPY right now, the distance between the 2 levels is 130pips. It takes a whole lot of effort to travel that far, adding another level and TP at the next.

Would you consider entering the 2nd level at the halfwaypoint between MR1 and R1?

Thanks in advance for your reply!

You could use a daily pivot with S/R and enter off of one of those spots. That is the basic idea for 10.5 use daily pivots s/r points. Use the 20 or 40 MA on the hourly as your trailing SL and see how that works. Just some ideas I have been working on.

Thanks Bob, will look into that!

[Gertje]

Gertje, do us a favour, kindly alert us soon after u place your pendings. I'm still scratching my head, 5.26%. How did u chalk up 5%? My positions since yesterday are/were struggling, thank god i don't have usdchf, otherwise would be worse. EU NU are struggling too.

I'll print the order-screen now and then, so you can see what's happening.
I have to switch terminals for that, I reading from the office-PC and am trading from a VPS. Will attach screen-print later.

Attached the 3 screens, don't look at the big floating loss on GBPCAD, that's the only one not 10.4 trade. It's a trade that I made based on the 'ranging-monthly-chart' but obviously WAY too early. It'll get back up sooner or later, and it's making positive swap along the way....

[Nipponho]

Thanks so much Gertje! Will scrutinise your pendings section.

[Nipponho]

The two that are killing me the most is NZDCHF long and EURNZD Short.

Hi Chris, i have both of these yesterday. EN at 2 levels but disappointingly hit SL at breakeven (only made 1 pip). NZDchf closed +38 pips.

I was trying to analyse yours & i guess perhaps u entered one line after my entry line. Maybe u find the nearest line too near for entry and so u went for the next line, or perhaps u waited till rsi tilt up.

[Chris]

The two that are killing me the most is NZDCHF long and EURNZD Short.

Hi Chris, i have both of these yesterday. EN at 2 levels but disappointingly hit SL at breakeven (only made 1 pip). NZDchf closed +38 pips.

I was trying to analyse yours & i guess perhaps u entered one line after my entry line. Maybe u find the nearest line too near for entry and so u went for the next line, or perhaps u waited till rsi tilt up.

Ya I think I got in late on these ones. the price spiked enough to take me into the trade just in time to turn around on me. did you get into these this week or was that something from last week?

[Rossobonks]

AUDUSD

Post deleted.

[mjws00]

That is a pretty chart, Rossobonks. Just a wee bit of patience and I'm definitely selling that one. Perhaps London open. Looks like pendings may catch a very pretty piece of that, depending on how they turn it.

Nice.

[Nipponho]

Ya I think I got in late on these ones. the price spiked enough to take me into the trade just in time to turn around on me. did you get into these this week or was that something from last week?

I got in yesterday after signal appeared. Difference between mine and yours is that one level difference and that one level made all the difference between life and death. Could be due to Monday. It may not have mattered that much if it were to be thur or fri.

[Mike]

AUDUSD

As far as NB10.4 strategy is concerned AU could be setting it self up for a textbook decent trade back down to the lows of last week? A pin bar here with a bounce off the 240MA its going to be rude not to get involved with some pendings.

Well, just noticed quite a difference of our MA240 positions. template ootb except for coulors etc. MAs are probably counting satturdays and sundays and getting differing results if they count 5 days or six days per week.

[Rossobonks]

AUDUSD

As far as NB10.4 strategy is concerned AU could be setting it self up for a textbook decent trade back down to the lows of last week? A pin bar here with a bounce off the 240MA its going to be rude not to get involved with some pendings.

Well, just noticed quite a difference of our MA240 positions. template ootb except for coulors etc. MAs are probably counting satturdays and sundays and getting differing results if they count 5 days or six days per week.

Yes I am using the 240 EMA instead of LWMA.