10.4 A Complete System

[McNish]

I believe this a valid 10.4 sell on cross of WP.

[roje]

Do you know anyone about the EA, which set SL to BE after starting the second trade (second level) ? MPTM can set the whole basket to BE, but there I do not know how to set it to the BE when is second trade triggered. Yesterday I did not manage to set the BE, because I slept and now I have two losing trades (NZDUSD)

[cjthomson]

I believe this a valid 10.4 sell on cross of WP.

My understanding is that RSI needs to be flat lining along the top. In the chart you've posted its at the bottom. I am waiting for it for a while longer until RSI changes.

[Wiggy1965]

I believe this a valid 10.4 sell on cross of WP.

My understanding is that RSI needs to be flat lining along the top. In the chart you've posted its at the bottom. I am waiting for it for a while longer until RSI changes.

That's correct, RSI along the top for a sell...

[grimweasel]

No real large buying on weakness numbers in S&P 500 from the Tick charts today which means today's rise was purely all profit taking and short term opportunism from oversold conditions created by the gap down. Oddly, there was some selling on strength in the ishares Gold ETF which usually means people are still selling gold!

http://online.wsj.com/mdc/public/page/2 ... yflow.html

Well, GrimWeasal you ready? Oct 2008 all over again? You can win/lose a lot of money quickly. If you see some more bank holidays you know things are really bad.

LOL @ Bob - yes sat here waiting. I'm awaiting the next crash as I have a load of money that I want to invest into the market - and the best time for that is at market bottoms when the news is soooo bad that everyone is talking about never getting burned in stocks again. Plus one can make a tidy sum betting short equities and the Aud on the way down

[McNish]

That's correct, RSI along the top for a sell...

Agree with you there. Say we're coming over from the past week and already have a trade Sell from the last week with sl at 240. So we still can't go and make new pendings for this week yet ! Is it?

[Gertje]

Do you know anyone about the EA, which set SL to BE after starting the second trade (second level) ? MPTM can set the whole basket to BE, but there I do not know how to set it to the BE when is second trade triggered. Yesterday I did not manage to set the BE, because I slept and now I have two losing trades (NZDUSD)

In the 'usefull things for 10.4' thread, there is a ITM EA that will do the trick.
I only use it for setting BE and SL, taking profit etc. doesn't work yet for me.

[Wiggy1965]

That's correct, RSI along the top for a sell...

Agree with you there. Say we're coming over from the past week and already have a trade Sell from the last week with sl at 240. So we still can't go and make new pendings for this week yet ! Is it?

As you know, 10.4 has only been running a couple of week, so i guess your and my guess are as good as anybodies until we have more experience....But if you were to ask me, your pendings from the signal last week would have been around the same point the current weekly pivot is .5028 So anything below this would be OK i guess....However, you could say that given RSI is saying that selling is reaching it's end, you may have just had a shot across your bow telling you to stay out of shorts on this trade until you get another sinal short....But again, if price goes below the pivot, then this may be another short signal or just a peeker (fox) trying to pickup some chickens.......

Wiggy

[cmeade2]

While there have been lots of predictions of doom and gloom from Cyprus situation, it seems that it might be more of a 10.5 day today. Lots of 10.4 setups from my perspective, but it will require a lot more action for anything to trigger.

Comments?

cmeade2

[Gertje]

While there have been lots of predictions of doom and gloom from Cyprus situation, it seems that it might be more of a 10.5 day today. Lots of 10.4 setups from my perspective, but it will require a lot more action for anything to trigger.

Comments?

cmeade2

You might be right, didn't look at 10.5 yet as it doesn't fit my schedule to trade the 1H charts.
Sticking to 10.4, and wait for something to move something else so I can move some my way.