10.4 A Complete System

[nanningbob]

Bob,
thanks for the reply.....in summary
avoid the noise of news unless it has macro impact
CSS select strongest and weakest to give yourself the best chance
Follow the set up in 10.4
Money management .....and get the psychological aspect of trading and drawdowns without emotion usually somewhere between 0.5 and 2 % ...if this does not fit with 10.4 rules then don't trade , get a micro account or invest more capital in your trading account.
Practice and discipline will see % success rate increase
Check trades/charts briefly every 4 hours!!! This a problems since I can only check my charts manually at 7am and 2100 GMT during the week. So will use an EA like MPTM to support during short periods of absence.
Jonathan

Or go to daily charts if you can only check charts once or twice a day. There are daily chart traders here that can guide you.

[nanningbob]

CSS read. Almsot everything is positive and Euro is negative. What the GBP is doing on top I dont know but it made it. Not sold on that concept but if Europeans are selling their Euros and buying pounds, especially in Cypress then I guess I can understand that. USD dropping makes some sense because of our stupid Congress and President dont understand the simple concept that balancing a budget is more important than some stupid political principle.............. awwwwwwww dont get me going on that. Pass a budget already morons.

Euro sells, a monkey can trade that currency at this moment. The rest are trying to figure out where they belong in this mess. I would still be bullish on AUD,CAD,NZD when trades are available. GBP dang, hey you Brits explain that one to me.

[Staedtler]

what is the recommended slope version to use ?

[rebyte2]

Euro sells, a monkey can trade that currency at this moment. The rest are trying to figure out where they belong in this mess.

Could not help but to dig up this image.

[rebyte2]

" I think i've made the right decisions on those EURCAD, EURGBP shorts ..."

[trueblueTEX]

" I think i've made the right decisions on those EURCAD, EURGBP shorts ..."

Looking at the latest 10.4 v5.0 template, RSI is on the wrong end for EURGBP isn't it? EURCAD has RSI on the sell side right now, though.

[slowkey]

I have pending orders setup on 11 pairs. Probably not going to see a lot of movement tonight with Monday being a Bank Holiday in Europe and England. Best of luck to all this week.

[slowkey]

Hi everyone ... MurphyMan suggested some changes and update for the cheat sheet ...
so here it is
Wish all a profitable Trades with Ten4n5 ...

Nice huhpapa. Thanks for the effort.

[bluedog23]

Interesting post on Australia and the USD.

http://www.zerohedge.com/news/2013-03-3 ... currency-c

[slowkey]

CSS read. Almsot everything is positive and Euro is negative. What the GBP is doing on top I dont know but it made it. Not sold on that concept but if Europeans are selling their Euros and buying pounds, especially in Cypress then I guess I can understand that. USD dropping makes some sense because of our stupid Congress and President dont understand the simple concept that balancing a budget is more important than some stupid political principle.............. awwwwwwww dont get me going on that. Pass a budget already morons.

Euro sells, a monkey can trade that currency at this moment. The rest are trying to figure out where they belong in this mess. I would still be bullish on AUD,CAD,NZD when trades are available. GBP dang, hey you Brits explain that one to me.

GBP may be benefiting Bob from end of month flows.

Definition of this given by Jamie Colmen at Forex live to give him credit.

Some fixes tend to be more active than others. Some of the busiest come at the end of the month when passive investors rebalance their portfolios. Here is a simple illustration: Let’s say the US equity market outperforms the European market by 5% in a given month. That will make the portfolio 5% longer of dollar’s than it was at the beginning of the month. Managers of passive portfolios (like index funds) will sell the “extra” dollars and buy euros to bring the overall fund back into balance.
These flows can be very heavy at the end of the month and particularly heavy at the end of a quarter.

So GBP may not be reflecting any fundamental move especially with us in an Easter Break but rather a quarter ending rebalance.