10.4 A Complete System

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chye
Posts: 6
Joined: Sun Feb 24, 2013 2:59 am

Re: 10.4 A Complete System

Post by chye »

this is my first post and the chart below is my first trade using 10.4
I get 100pips wowo...
many thanks to Bob and all guys' hard work
i close my trades because it's Asian trading time and 100pips is enough for me. :D
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nanningbob
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Joined: Sun Dec 04, 2011 1:23 pm

Re: 10.4 A Complete System

Post by nanningbob »

chye wrote:this is my first post and the chart below is my first trade using 10.4
I get 100pips wowo...
many thanks to Bob and all guys' hard work
i close my trades because it's Asian trading time and 100pips is enough for me. :D
Good show, pocket the profit instead of waiting for it to hit your break even. The BE should only be hit because of a spike like the NZD did. I know one trader in the ask anything section talk about how he had a 300 pip winner and it went back to BE. What do you do???

TAKE THE PROFIT WHAT DO YOU THINK YOU ARE TRADING FOR
??????????????????????????????????????????????????????????????
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
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nicoacademia
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Posts: 296
Joined: Wed Aug 08, 2012 12:07 pm
Location: Osciland

Re: 10.4 A Complete System

Post by nicoacademia »

but bob. what if its the start of a selling trend in CHF? looked good for at least half to 75% off.(paid for waiting)
weakness? :twisted:
Chris
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Posts: 240
Joined: Fri Mar 01, 2013 4:00 am

Re: 10.4 A Complete System

Post by Chris »

WOW WR3 was hit Looking a bit over bought
Wish I could of road that one to the top.
Looking like a counter trend trade
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Chris
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Posts: 240
Joined: Fri Mar 01, 2013 4:00 am

Re: 10.4 A Complete System

Post by Chris »

What do you think of the CHFJPY Low risk trade with it being so close to the 240
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nicoacademia
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Posts: 296
Joined: Wed Aug 08, 2012 12:07 pm
Location: Osciland

Re: 10.4 A Complete System

Post by nicoacademia »

Chris wrote:What do you think of the CHFJPY Low risk trade with it being so close to the 240
i guess you can put out a feeler out there.
markets expecting something on friday.
n guess what that is.
B
O
J
n
weakness? :twisted:
sk29
Trader
Posts: 21
Joined: Fri Dec 09, 2011 5:27 pm

Re: 10.4 A Complete System

Post by sk29 »

Bob,

I remember you used to talk about your 1000 pip week and how you have been so close to that so many time and have also reached it many times. When I read that, I always thought that is something that will never happen to me. Just following the 10.4 rules with MPTM to manage my trades, I have pocketed 821 pips

THANK YOU SO MUCH! I HAVE NEVER EVER SEEN SO MANY PIPS EVEN BY ACCIDENT!

Eternally your loyal follower and student! Pic attached.
Capture.JPG
nanningbob wrote:
chye wrote:this is my first post and the chart below is my first trade using 10.4
I get 100pips wowo...
many thanks to Bob and all guys' hard work
i close my trades because it's Asian trading time and 100pips is enough for me. :D
Good show, pocket the profit instead of waiting for it to hit your break even. The BE should only be hit because of a spike like the NZD did. I know one trader in the ask anything section talk about how he had a 300 pip winner and it went back to BE. What do you do???

TAKE THE PROFIT WHAT DO YOU THINK YOU ARE TRADING FOR
??????????????????????????????????????????????????????????????
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etheldreda
Trader
Posts: 58
Joined: Wed Jan 23, 2013 11:37 pm

Re: 10.4 A Complete System

Post by etheldreda »

sk29 wrote:Bob,

I remember you used to talk about your 1000 pip week and how you have been so close to that so many time and have also reached it many times. When I read that, I always thought that is something that will never happen to me. Just following the 10.4 rules with MPTM to manage my trades, I have pocketed 821 pips

THANK YOU SO MUCH! I HAVE NEVER EVER SEEN SO MANY PIPS EVEN BY ACCIDENT!
Hi Sk29,

do you use RSI or Stochastic template with your trading?

-ethe-
Chris
Trader
Posts: 240
Joined: Fri Mar 01, 2013 4:00 am

Re: 10.4 A Complete System

Post by Chris »

sk29 wrote:Bob,

I remember you used to talk about your 1000 pip week and how you have been so close to that so many time and have also reached it many times. When I read that, I always thought that is something that will never happen to me. Just following the 10.4 rules with MPTM to manage my trades, I have pocketed 821 pips

THANK YOU SO MUCH! I HAVE NEVER EVER SEEN SO MANY PIPS EVEN BY ACCIDENT!

Eternally your loyal follower and student! Pic attached.
Capture.JPG
nanningbob wrote:
chye wrote:this is my first post and the chart below is my first trade using 10.4
I get 100pips wowo...
many thanks to Bob and all guys' hard work
i close my trades because it's Asian trading time and 100pips is enough for me. :D
Good show, pocket the profit instead of waiting for it to hit your break even. The BE should only be hit because of a spike like the NZD did. I know one trader in the ask anything section talk about how he had a 300 pip winner and it went back to BE. What do you do???

TAKE THE PROFIT WHAT DO YOU THINK YOU ARE TRADING FOR
??????????????????????????????????????????????????????????????
Where did you get this summary indicator from?
That is cool.
And how do you use the MPTM to manage your trades? Just the trailing stop feature?
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Wiggy1965
Trader
Posts: 326
Joined: Fri Jan 04, 2013 11:58 am
Location: Melbourne - Australia

Re: 10.4 A Complete System

Post by Wiggy1965 »

Chris wrote:What do you think of the CHFJPY Low risk trade with it being so close to the 240
Chis,

10.4 is kinda telling us it is there, but what entry are you looking at.....I know some people would have taken it at the WP as either a very aggressive 10.4 of a pivot bounce, however i have a pending just above the mid pivot and those couple of highs (101.521) and again above the Weekly Res1 (102.295)

The concern i have with this trade setup, is it is on a slight down trend on the daily chart and failed to make a real new high, so i have set my pending some distance from price and ask price to come to me.....If price gets below the Weekly Pivot, then i think all bets are off...

Wiggy
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