10.4 A Complete System

[Henric]

So Bob, this is a great day for you. The work that you accomplished in so far away China; the school that you setup, has already 10 years !

I wish you a great party, and a long happy and wealthy life, for you but also for the School !


Henric

[Wiggy1965]

I am in a USD/CAD trade from days ago WMR1 it is heading south and could potentially give another 10.4 signal if it does not go all the way to the 240. I like the daily, from other trading systems I follow this area would be a buy zone. So I am tempted to possibly put another pending at the WS1, maybe even WMS2, if it goes that far. What do you all think? I Know if I was not already in this trade I would be setting up for it. So if nothing else this is a heads up for everyone to take a look at the USD/Cad. STO is there and RSI is almost there. AO is below 0.

And a 5min W is setting up

My view is, it is in a bit of a down trend on the daily and could go as you say beyond the MA....If it was to stop and return right now at WS1, i would want good confirmation that it has continue with the trend, so i would not be in before WP....RSI is still suggesting further sell offs....

Wiggy

Nice read on this. Your analysis was spot on.
Thanks

Thanks, i get them right occasionally....

I also think i got GBPJPY right from earlier in the week, when bob was looking to short on the break of the WP....I also offered up a trade last night, i think, when somebody asked for a suggesting....The CHFJPY, which I'm up 70 pips on the first position and second position has just triggered....I hope the second trade is not a peeker and it come all the way back, that would piss me off....I put it above the pivot and i have been put into it by 0.9 of a pip...grrrrrrr

Wiggy



the when bo

[cmeade2]

Hey Wiggy

On that GbpJpy short trade that you mentioned, it seems that would not be a 10.4 trade by the rules. In my view, the long trade was totally correct.

Is that correct?

Thanks

cmeade2

I am in a USD/CAD trade from days ago WMR1 it is heading south and could potentially give another 10.4 signal if it does not go all the way to the 240. I like the daily, from other trading systems I follow this area would be a buy zone. So I am tempted to possibly put another pending at the WS1, maybe even WMS2, if it goes that far. What do you all think? I Know if I was not already in this trade I would be setting up for it. So if nothing else this is a heads up for everyone to take a look at the USD/Cad. STO is there and RSI is almost there. AO is below 0.

And a 5min W is setting up

My view is, it is in a bit of a down trend on the daily and could go as you say beyond the MA....If it was to stop and return right now at WS1, i would want good confirmation that it has continue with the trend, so i would not be in before WP....RSI is still suggesting further sell offs....

Wiggy

Nice read on this. Your analysis was spot on.
Thanks

Thanks, i get them right occasionally....

I also think i got GBPJPY right from earlier in the week, when bob was looking to short on the break of the WP....I also offered up a trade last night, i think, when somebody asked for a suggesting....The CHFJPY, which I'm up 70 pips on the first position and second position has just triggered....I hope the second trade is not a peeker and it come all the way back, that would piss me off....I put it above the pivot and i have been put into it by 0.9 of a pip...grrrrrrr

Wiggy



the when bo

[Wiggy1965]

Hey Wiggy

On that GbpJpy short trade that you mentioned, it seems that would not be a 10.4 trade by the rules. In my view, the long trade was totally correct.

Is that correct?

Thanks

cmeade2

I am in a USD/CAD trade from days ago WMR1 it is heading south and could potentially give another 10.4 signal if it does not go all the way to the 240. I like the daily, from other trading systems I follow this area would be a buy zone. So I am tempted to possibly put another pending at the WS1, maybe even WMS2, if it goes that far. What do you all think? I Know if I was not already in this trade I would be setting up for it. So if nothing else this is a heads up for everyone to take a look at the USD/Cad. STO is there and RSI is almost there. AO is below 0.

And a 5min W is setting up

My view is, it is in a bit of a down trend on the daily and could go as you say beyond the MA....If it was to stop and return right now at WS1, i would want good confirmation that it has continue with the trend, so i would not be in before WP....RSI is still suggesting further sell offs....

Wiggy

Nice read on this. Your analysis was spot on.
Thanks

Thanks, i get them right occasionally....

I also think i got GBPJPY right from earlier in the week, when bob was looking to short on the break of the WP....I also offered up a trade last night, i think, when somebody asked for a suggesting....The CHFJPY, which I'm up 70 pips on the first position and second position has just triggered....I hope the second trade is not a peeker and it come all the way back, that would piss me off....I put it above the pivot and i have been put into it by 0.9 of a pip...grrrrrrr

Wiggy

[Wiggy1965]

Yes, that is right....

I think bobs thinking was that if it break the pivot and MA, then he would look to short it, which was reasonable, but i just thought it look long....I think he got a couple of pips out of it...

I entered above the mid pivot at 144.220 (just above previous highs) and when i got passed Weekly Res1 set my stop real close and got stopped out at 144.896 for +67pips

So, it turned out OK in the end...

Wiggy

Hey Wiggy

On that GbpJpy short trade that you mentioned, it seems that would not be a 10.4 trade by the rules. In my view, the long trade was totally correct.

Is that correct?

Thanks

cmeade2

I am in a USD/CAD trade from days ago WMR1 it is heading south and could potentially give another 10.4 signal if it does not go all the way to the 240. I like the daily, from other trading systems I follow this area would be a buy zone. So I am tempted to possibly put another pending at the WS1, maybe even WMS2, if it goes that far. What do you all think? I Know if I was not already in this trade I would be setting up for it. So if nothing else this is a heads up for everyone to take a look at the USD/Cad. STO is there and RSI is almost there. AO is below 0.

And a 5min W is setting up

My view is, it is in a bit of a down trend on the daily and could go as you say beyond the MA....If it was to stop and return right now at WS1, i would want good confirmation that it has continue with the trend, so i would not be in before WP....RSI is still suggesting further sell offs....

Wiggy

Nice read on this. Your analysis was spot on.
Thanks

Thanks, i get them right occasionally....

I also think i got GBPJPY right from earlier in the week, when bob was looking to short on the break of the WP....I also offered up a trade last night, i think, when somebody asked for a suggesting....The CHFJPY, which I'm up 70 pips on the first position and second position has just triggered....I hope the second trade is not a peeker and it come all the way back, that would piss me off....I put it above the pivot and i have been put into it by 0.9 of a pip...grrrrrrr

Wiggy

[mjws00]

I hope the second trade is not a peeker and it come all the way back, that would piss me off....I put it above the pivot and i have been put into it by 0.9 of a pip...grrrrrrr

Wiggy

Peekers suck unfortunately it is the name of the pending breakout game. On CHFJPY They ran it a touch further than I thought. Just far enough to stick those with pendings above 102.00, and the pivot. They are now enjoying your BE stops along with the havoc from the weak breakout longs.

I would be short with 10.4 CT up there, but don't want more Yen exposure.

Looking forward to seeing how the volume crew did this week. Still have to figure out if I like that style. The numbers keep looking soooo tempting.

Mike

[cmeade2]

Hey Wiggy

Would you say the EurAud is a short now coming down off the WS1

[cmeade2]

UsdCad could also be a long

[Wiggy1965]

Hey Wiggy

Would you say the EurAud is a short now coming down off the WS1

If you were aggressive at the mid pivot short, however given it's so close to price i would be worried about being spiked into it....I like price to jump through a few hoops to prove to me it is going to continue on, so i would give it a little extra, say below that large candle on the GMT +2 chart around the .2142 mark...

This is a nice chart, look at all the small pull back, almost identical...

Regards
Wiggy

[Wiggy1965]

UsdCad could also be a long

This is a very different chart to the EURAUD, in that this pair has made a big curve down over the last two weeks....So the daily is suggesting a DT.....On the plus side RSI and now finally AO are tell the same store that selling is reaching exhaustion....I still however would have the pair tell me that it's going to re-continue long by jumping through (you guest it) hoop and break above some of those previous low.... Given i have had a great week and it's Friday, i would be looking at this next week and look for buy opportunities above Weekly Pivot...and depending on how price moves next week, that may not convincing enough for me....

In relation to trading opportunities, i have a pending on the audcad just above the mid pivot, it this triggers it could be a quick 30 pips before COB today....


Wiggy