10.4 A Complete System

[cmeade2]

There 's no doubt about it that people love EA's on this site. Bunker's Double Big Mac one has been working out pretty well for people.

How is that EA working out? It is giving good returns?

Are you looking to sell or buy the AudNzd. Looks like a total sell on the CSS.

audnzd entered on Tues hit 240 for sl

AUDNZD looks great. I sent a pending to 1.2475 Waiting for some strength before entering. In this case midpivot is too far for my taste, so i placed it some pips above the trendline breakout.

CADJPY is in a similar situation. Good luck!

For me, it´s a buy. CSS 4h could be a sell but in daily is still a buy. Trying to bounce over the MA. My pending not activated yet.

Mrlong´s EA, in these cases, send both pendigs to the next pivot (buy stop and sell stop) Could be a way of trading these situations around 240MA. Too risky for my taste.

EA is a bit disappointing yet, but very promising. 10.4 needs some discretion in the choice of trades, and sometimes, a conservative approach. You need to have in mind currency strength and 'news driven market' nuances. EA can´t do that yet.

[spillini]

Just some FYI.... Something I learned the first week of trading and it has stuck in my head, and it works like a champ. A scenario we were told to look for is the trendline situation for trading scalps against the current trend for a 4 hr break and test. Should be going long for awhile. Lets see how valid it is. The break and test is there and a morning star is forming. Lets watch. I will trade a small amount here long and expose 1/2 of a percent of my weekly gains on the basis of something I was taught years ago.

Jim

[nanningbob]

I am in bei hai wonder how my trades are doing. Next stop all you can eat buffet fresh seafood caught today.

enjoy the day Bob..YOLO

Wow.
I always vision China as a grey dull environment....

The best way to understand China is they are people just like us who have the same wants and desires. What they have is similar but limited, mainly caused of the number of people 1.4 Billion give or take a couple hundred million. We have our freedoms speech, press, religion, assembly but they are limited here. In other words they cna protest but only to a point. They can go to church, synagogue, mosque, but out side they have some limits. They have entertainment but there are limits, not as much as the USA. They have some of the most unusual scenery in the world to visit and go see. Their architecture is changing and they are putting life into their buildings but that is only over the last 10 years. Their old architecture, what is left of it, is fascinating to go see.

The biggest difference though is the number of people. No matter where you go there are people everywhere. When I visited California and saw my son, I could go out at 9 at night and you could walk up and down the street and see no one. You can get some peace and quiet on a solitary walk. No such thing here. Even at 4am in the morning you will find people up and down the street. I have climbed up small mountains and when I get to the top there are people. So getting to a place of solitary quiet is a near impossibility. Missing family and a quiet walk with no one around are the two things I miss the most.

I love Bei Hai because I can go for a walk along the beach and it always has a very strong breeze coming in. It is almost like I could fly is I had wings. The fresh air breeze blowing through my hair and that fresh ocean air is a relief from the normal daily routine. The food here is great because it is freshly caught by the fisherman. But still even at 2 am people are on the beach and swimming during the summer months. So it is the best I can do here.

[nanningbob]

As far as trading goes most of the aud, eur, gbp have some nice setups. Pick and choose and have fun. This week looks like Monday move, Tuesday quiet, Wednesday move, Thursday seeing some rallies and dips, Friday Move??? Problem is there are a bunch of bank holidays so it maybe quiet today. My experience on holidays are there is not much to move currencies but if they are moving they tend to move slowly in one direction for the day.

[cmeade2]

Hey Bob

How was the seafood?

cmeade2

[madpipa]

Hi Bob,

Hope you have a great weekend. It sure looks like a beautiful place & with fresh seafood it has to be a winner.

It seems like if someone, somewhere comes up with a good idea then others will want to follow. I wonder who else is thinking along similar lines????

http://www.scoop.co.nz/stories/PA1303/S ... ealand.htm

Cheers,
Mick

[TraderDesk]

Just some FYI.... Something I learned the first week of trading and it has stuck in my head, and it works like a champ. A scenario we were told to look for is the trendline situation for trading scalps against the current trend for a 4 hr break and test. Should be going long for awhile. Lets see how valid it is. The break and test is there and a morning star is forming. Lets watch. I will trade a small amount here long and expose 1/2 of a percent of my weekly gains on the basis of something I was taught years ago.

Jim

Hi Jim,

I like trendlines as they show higher probability of a trade following those patterns.... I like to make sure that the lines I draw are in a bigger timeframe then the one I am trading in.... I just took a E/J snapshot of the 10.4 framework with trendlines added....

Today has bank holidays so price action could be illiquid so beware... I am looking for a drop down to 119

[nanningbob]

With all due respect to the originator of this thread and the many followers, if you follow this method over the long term you will eventually all your hard earned money, don't be among the 90% who lose money just look where stop orders are placed by position traders and you will make a lot of money. Period.

You gotta love these people. He joins the forum and 8 minutes later he wants to show everybody his great intellect and intelligence. Here is his argument 90% of people lose money. Look at where everyone places their Stop orders, like the 90% who lose money, and ..................... Love these broker lackeys.

If you place stop orders the same place as everyone else, then you will place your SL like everyone else and when ever the bank or broker needs some extra cash they can cash in by spiking price like everyone else.

However if you place your SL beyond their shenanigans, guess what, you become profitable.

[nanningbob]

Hi Bob,

Hope you have a great weekend. It sure looks like a beautiful place & with fresh seafood it has to be a winner.

It seems like if someone, somewhere comes up with a good idea then others will want to follow. I wonder who else is thinking along similar lines????

http://www.scoop.co.nz/stories/PA1303/S ... ealand.htm

Cheers,
Mick

I have a solution, spend all your money, give to the poor, and become a successful Forex Trader. Other than a checking account I have never kept my money in a bank, at least for not very long. Like I said earlier Cypress is a testing ground to see what happens. If every depositor withdraws all their money they will see 2 things. One dont try that one again or Two never give them the option of getting their money next time.

Wonder why hardware stores dont sell pitchforks anymore?

[TraderDesk]

Just in case you have not seen it please check out candletiger "YAD104 - Yet Another Dashboard for 10.4".....

He just released version 7, it is really nice...

http://www.stevehopwoodforex.com/phpBB3 ... =45&t=1601