10.4 A Complete System

[sk29]

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Have a bit of a DD, but overall lots of pips... now up to 975 pips profit

looking good so far...

--SK--

[Gertje]

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Have a bit of a DD, but overall lots of pips... now up to 975 pips profit

looking good so far...

--SK--

I think you're to carefull with lotsize.

[Wiggy1965]

On the other hand, GbpNzd at the WR1 looks like a "by the rules" short

No, you need to put your pending below, so under the Weekly Pivot....and not the WR1

Edit, why would you put a sell order on a pair that is still going up and RSI is not flat and, at the very least put the pending below the mid pivot and allow price to come back to you....gshhh

Wiggy

[Wiggy1965]

Just the WP-cross back into trend would do it for me.

I agree that it is not by the "rules" since the RSI(2) is not flat. But it is quite high and I noted from Bob's trades last week that he entered situations like this.

Short GbpCad at the WP?

That trade does no make sense and I'm pretty sure it's not a 10.4 trade...

The signal was yesterday and when you get the signal, you look for entries below, in the case of a short and above in the case of a long.....the pending should have been at the mid pivot or below around the .5295 level...

Wiggy

That's not a 10.4 trade, but you and i have debated this already....

[AlanC]

sk29 . . .I like your info page. I have the i-Profit tracker, what are the other 2 you are using?

Alan

Capture2.JPG

Have a bit of a DD, but overall lots of pips... now up to 975 pips profit

looking good so far...

--SK--

[Gertje]

On the other hand, GbpNzd at the WR1 looks like a "by the rules" short

No, you need to put your pending below, so under the Weekly Pivot....and not the WR1

Wiggy

Hi Wiggy,

Why would you do that?

MR1 looks like a good spot, it's a little close to the 240MA so I made the SL a little bigger to give it some room in case it triggers.

Interested in your reasoning why you would want the entry at MR1 pass and just jump in at WP.

[Gertje]

Just the WP-cross back into trend would do it for me.

I agree that it is not by the "rules" since the RSI(2) is not flat. But it is quite high and I noted from Bob's trades last week that he entered situations like this.

Short GbpCad at the WP?

That trade does no make sense and I'm pretty sure it's not a 10.4 trade...

The signal was yesterday and when you get the signal, you look for entries below, in the case of a short and above in the case of a long.....the pending should have been at the mid pivot or below around the .5295 level...

Wiggy

That's not a 10.4 trade, but you and i have debated this already....

Than I haven't been able to put my point across.

[Wiggy1965]

I agree that it is not by the "rules" since the RSI(2) is not flat. But it is quite high and I noted from Bob's trades last week that he entered situations like this.

Short GbpCad at the WP?

That trade does no make sense and I'm pretty sure it's not a 10.4 trade...

The signal was yesterday and when you get the signal, you look for entries below, in the case of a short and above in the case of a long.....the pending should have been at the mid pivot or below around the .5295 level...

Wiggy

I'm not sure i have seen bob trade like that....If he did, it may have been a pivot bounce trade, but i pretty sure it's not a 10.4...

you signal was yesterday and even if you left it to the last moment of the rsi being flat, you still trying to put a pending above....

I'm not sure why we are having this conversation, with all the trades available, i don't understand why you are trying to look for marginal trades....

Wiggy

[Gertje]

GBPCAD is ranging between 1.8 and 1.84 for 4 weeks now, bounced off the 240ma already 5 weeks ago, chances are it's going down again soon.

- RSI is flattish [99.something], flat the next candle
- AO is above 0
- WP is about to get crossed

3 out of 4 10.4 rules are fullfilled, what more does one want?

[Gertje]

THAT"s a big no indeed.

you signal was yesterday and even if you left it to the last moment of the rsi being flat, you still trying to put a pending above....

Wiggy