10.4 A Complete System

[rebyte2]

Anyone for EURJPY?

Too far to next entry, for my liking. Plus resistance at that level.

Also have CT trades in play. Info on 10.4 Advanced thread.

Roscoe

[Wiggy1965]

nzdchf pending triggered long

SL at MA

I don't see this trade...

Wiggy

[rebyte2]

nzdchf pending triggered long

SL at MA

I don't see this trade...

Wiggy

I can see why an entry triggered. A lot of 4H support at this level and a continuation of the trend. Bouncing away from the 240 and crossing over WP line.

I can see RSI 2 was not in the correct position, so possibly a more 'advanced' entry then a pure 10.4 entry.

Keep an eye on resistance up the top there.

Good luck with it.

Roscoe

[Wiggy1965]

Anyone for EURJPY?

Too far to next entry, for my liking. Plus resistance at that level.

Also have CT trades in play. Info on 10.4 Advanced thread.

Roscoe

I agree, however i do have a buy above mid pivot...

My thinking is as follow...

Pros for trade-
- The pair has been uptrend for the last three weeks
- Daily charts suggest small pullback on a 10 day UT, so i believe this is a continuation
- Fits 10.4 rules especially long period of pinned RSI....the longer the RSI is pinned, the better i feel about the trade..

Cons for trade-
- Resistance and my entry
- Low reward to TP of Weekly Res1
- Pair Seems to be making lower highs
- previous excursion below 240 MA

This is another trade, that although i have a pending in placed i keep testing my thinking on it...I'm trying to rely on the fact that the 10.4 is pretty well thought out and if followed will return the results...

I'm not ding this blindly of course

Regards
Wiggy

[nicoacademia]

all the jpy in the world

eurjpy, audjpy, cadjpy, chfjpy, gbpjpy, usdjpy.

all long all in all go.

i hope that chfjpy person took that feeler. because the boat left after that.

[nanningbob]

all the jpy in the world

eurjpy, audjpy, cadjpy, chfjpy, gbpjpy, usdjpy.

all long all in all go.

i hope that chfjpy person took that feeler. because the boat left after that.

Here is the news story that could uncork the JPY again. 240 line already shows this is about to happen now the news can hit to spring it loose again.

Japan lower house endorses all 3 BOJ leadership nominees
From forexlive.com

As expected. Kuroda, Iwata and Nakaso all endorded by the lower house of the Diet. The upper house votes Friday at 10am Tokyo time (0100GMT).

[Wiggy1965]

all the jpy in the world

eurjpy, audjpy, cadjpy, chfjpy, gbpjpy, usdjpy.

all long all in all go.

i hope that chfjpy person took that feeler. because the boat left after that.

Here is the news story that could uncork the JPY again. 240 line already shows this is about to happen now the news can hit to spring it loose again.

Japan lower house endorses all 3 BOJ leadership nominees
From forexlive.com


As expected. Kuroda, Iwata and Nakaso all endorded by the lower house of the Diet. The upper house votes Friday at 10am Tokyo time (0100GMT).

What do you think of pound, i would be taking this below Weekly Sup1, but a more agressive entry would be at mid pivot and shoot for the pivot...

Wiggy

[sponn]

Again... my lovely cad/chf trade closed at BE after chf news and now it could be again in big +

[Wiggy1965]

Again... my lovely cad/chf trade closed at BE after chf news and now it could be again in big +

Post your entries and exits, I'm up 50 pips on first position and now just positive in second, so not sure why you are out of the trade...

Wiggy

[sponn]

I have got two entrys opened

1st level @ 0.92362
2nd level @ 0.92854

closed at SL/BE @ 92.600 (92.570 with slippage)

That's why my trade were closed at BE (to be honest with small lost because of 3 pips SLIP).