10.4 A Complete System

[sux]

I just checked FF trades.

67% are trying to short gbp.jpy

65% are trying to short usd/jpy

Do you like your trader, baked, fried, or steamed?

LOL so true You made my day!!!!!

[Chris]

Yes I can't wait for the next 10.4 setup in the JPY's, I think it will be great. As for now I am flat for the weekend.

[cmeade2]

I just checked FF trades.

67% are trying to short gbp.jpy

65% are trying to short usd/jpy

Do you like your trader, baked, fried, or steamed?

This is a M15 plot of the value of a basket of long trades for all the yen pairs. As you can see there has been a little retrace since Kuroda's speech, but it looks like it's going back up.

[nanningbob]

Yes I can't wait for the next 10.4 setup in the JPY's, I think it will be great. As for now I am flat for the weekend.

The problem maybe there will be no setups. For now this thing is going down. Do you know anyone, other than the traders at FF. who would buy the JPY right now? We wont get a setup until someone feels comfortable in buying that thing.

[garyfritz]

So Bob, if you expect this JPY macroeconomic move to continue for months or possibly years, does it make sense to start building a long-term short-JPY basket? Nearly all xxxJPY pairs have positive buy swap so there's little risk (ha!) if you enter carefully. If you started legging into JPY buys at opportune points and just kept adding JPY buys as the move continues, you could build up a really nice trend-following basket.

Do you think the JPY move will be steady and strong enough to do that? Or will it make more sense to just grab little bites of JPY with 10.4 entries?

[zentauro67]

A Long Time Ago In A Galaxy Far Far Away, someone said: "I have not found the trend to be my friend"...

Finally, you became close friends, and after this wonderful week friends forever. Congrats, Bob, and gratitude for your generosity.

[nicoacademia]

hope you all had fun. i did. GBPJPY reacted as expected. i saw it plunge 80 in front of my eyes and smiled as it hit all my limit orders. and reversed out of there n up.
flat for the weekend. and submitted some withdrawals because one account went up by 6 times.another by 3(depending on leverage on the account)
(yea i do cut things close. more than just the money but the speculation bit intrigues me)

10.4 pivots do all the heavy lifting for me. i know if i'm on and in it the trade is a much higher probabiltiy one.(until you run out of pivots which is rare.)

never jump on the crowded trade. never.

[zentauro67]

Nice setup in AUDUSD for longs.

240LWMA in 4H matches 200SMA in Daily right to the pip, and is holding price. Tempted to send 1 pending before the weekend.

[cmeade2]

The problem is that the Aud is getting dead as a door nail from a CSS perspective

Nice setup in AUDUSD for longs.

240LWMA in 4H matches 200SMA in Daily right to the pip, and is holding price. Tempted to send 1 pending before the weekend.

[nicoacademia]

Dollar index finding a bid here late on a friday.
i am alot less bearish on it than i was at the top.
look at that buying pin.

130405 dxylatebid.png