10.4 A Complete System

[Jemook]

Alpesh then said he uses ATRx2 for his stop losses

Graet stuff - is this 2x daily ATR or is he saying 2x ATR of whichever TF you are trading off?

[Chris]

I went to a Investing / Spread Betting event in London this evening. David Jones from IG Index and Alpesh Patel (Famous trader and Hedge Fund Owner) both gave talks on spread betting. Whilst none of the tips below will be rocket science they will act as worthy reminders to all:

Thanks that is alot of good solid advice.
Thanks for taking the time to share

[Wkcfx]

I went to a Investing / Spread Betting event in London this evening. David Jones from IG Index and Alpesh Patel (Famous trader and Hedge Fund Owner) both gave talks on spread betting. Whilst none of the tips below will be rocket science they will act as worthy reminders to all:

Thanks very much! Great reinforcement for sound thinking.

[nanningbob]

Hi BOB:

This req is from an Indian trading in India on an index future NSE50 (NSE_Nifty - offered by (GCI Empty4).
I have been fascinated by your systems esp so on 10.4 v5.
Y'day I observed the following:
[ DP-DMS1-960MA-DS1-DMS2-DS2]
Value wise [ 5911-5985-5983-5860-5842-5825 ] STO5 rising from 20 up & around 27
The price fell from DS1 and went until just above DS2.
I did not Short , as it was below DS1.
If the price breaches below DS2, Don't you thin it is a short candidate ?
Pls adivise.

P.s. we can't trade major intl currencies like USDCHF etc.,
attaches a snapshot

I have no idea whether or not 10.4 will translate into other markets. If other markets have monthly trends then probably. Part of my trading is understanding basic underlying fundamentals. When the NZD spiked last week over a no change in interest rate I knew that was a temporary move and I traded accordingly and moved my stops around along with my TP. Entered some extra levels and recovered my losses back to zero. You are asking me to give advice on something I have no clue about. Sorry.

[huhpapa]

A note on letting your winners run, that discovery maybe in Baludas indi on the 10.4 info page. The lines that break out into the weakest and strongest, those are the ones you will want to let run and the ones that stay in the center you will just profit. That maybe the best indi ever for letting you know, what to let run and what to just profit. Right now I am just taking profit. When I see a breakout in those lines I am going to try to ride the winner.

Here is how the system is playing out.
Monthly is based on the 2 MA open x 4 weeks x 5 days x 6 4H periods or 240 MA
Weekly is the weekly pivots mids and S/R lines. Take the crossing of those lines back into the monthly trend.
Daily is the 10.4 page lines showing both strength of trend and history of the trend plus the strength and weakness of each currency group.
4H signals from the RSI 2 indi.

10.5 takes its signals from Sto 5 on the 1H chart back into the monthly trend.

Combined you have a very top down decision making process that should help your trading career.

Thank you Bob, 10.4 & 5 is working out very good for me. It suits the way I trade very well. Thanks again.

[nanningbob]

Cyprus rejects tax on bank deposits as condition of bailout

Ok, victory for the small guys, now what?? I have learned one hard lesson in life. When you owe someone money they have leverage and they threaten you with a bad credit rating. However, once your crediting rating is shot and of no use to you then you have leverage. Now how they going to get their money??

[nanningbob]

A note on letting your winners run, that discovery maybe in Baludas indi on the 10.4 info page. The lines that break out into the weakest and strongest, those are the ones you will want to let run and the ones that stay in the center you will just profit. That maybe the best indi ever for letting you know, what to let run and what to just profit. Right now I am just taking profit. When I see a breakout in those lines I am going to try to ride the winner.

Here is how the system is playing out.
Monthly is based on the 2 MA open x 4 weeks x 5 days x 6 4H periods or 240 MA
Weekly is the weekly pivots mids and S/R lines. Take the crossing of those lines back into the monthly trend.
Daily is the 10.4 page lines showing both strength of trend and history of the trend plus the strength and weakness of each currency group.
4H signals from the RSI 2 indi.

10.5 takes its signals from Sto 5 on the 1H chart back into the monthly trend.

Combined you have a very top down decision making process that should help your trading career.

Thank you Bob, 10.4 & 5 is working out very good for me. It suits the way I trade very well. Thanks again.

Last night I got into the USA session and nothing had happened all day. aud/chf and aud/cad were on the bottom and I picked up over 40 pips on each of them with 10.5. If that happens again today I will go 10.5 hunting again and see what happens. Both of the trades went two levels and I ended up taking small losses on the 3rd. So will try that again tonight. Go only 2 levels and profit on Daily mid/S/R, The best trades I saw were the ones that crossed the Daily Pivot to get in.

[The_Snowman]

Anyone on the NZD-USD?

If it breaks the confluence of -

- low of weekly open range
- 4H SuperTrend
- Mid Support 1
- Round number at 0.82

....... look out below



Oh, lower chart is Williams %R, just another Oscillator, set at 14 with SMA 14 as well

[eevra]

Hi BOB:

This req is from an Indian trading in India on an index future NSE50 (NSE_Nifty - offered by (GCI Empty4).
I have been fascinated by your systems esp so on 10.4 v5.
Y'day I observed the following:
[ DP-DMS1-960MA-DS1-DMS2-DS2]
Value wise [ 5911-5985-5983-5860-5842-5825 ] STO5 rising from 20 up & around 27
The price fell from DS1 and went until just above DS2.
I did not Short , as it was below DS1.
If the price breaches below DS2, Don't you thin it is a short candidate ?
Pls adivise.

P.s. we can't trade major intl currencies like USDCHF etc.,
attaches a snapshot

I have no idea whether or not 10.4 will translate into other markets. If other markets have monthly trends then probably. Part of my trading is understanding basic underlying fundamentals. When the NZD spiked last week over a no change in interest rate I knew that was a temporary move and I traded accordingly and moved my stops around along with my TP. Entered some extra levels and recovered my losses back to zero. You are asking me to give advice on something I have no clue about. Sorry.

Thanks Bob for your response.

Our markets do have monthly trends.
I 'll try to simplify my query.

When the price is below 240MA ( 960 in H1) , sometimes the price moved down ( as contrary to our rule - No sell below DS1 ) from DS1 to DS2 intraday ( about 35 pips ) & still moving down.
Is there any other way to have captured this move ? - using 10.4 v5 ( for scalping ..)

-thanks..

[Wiggy1965]

pound has ranged 76 pips this week WTF...?