10.4 A Complete System

[Chris]

I would agree with that.

[garyfritz]

Well I hope you guys grabbed a few pips in this little xxxJPY run-up. You're welcome...

I left this afternoon to run errands and have dinner with some friends. Came back 3 hours later to find my two JPY positions had dropped a total of 110 pips, and one was about to go into the red. Being mindful of Bob's lecture to "not let a winner turn into a loser," I decided I'd better close 'em out.

And I sold almost precisely at the low tick. *sigh*

[nanningbob]

Well I hope you guys grabbed a few pips in this little xxxJPY run-up. You're welcome...

I left this afternoon to run errands and have dinner with some friends. Came back 3 hours later to find my two JPY positions had dropped a total of 110 pips, and one was about to go into the red. Being mindful of Bob's lecture to "not let a winner turn into a loser," I decided I'd better close 'em out.

And I sold almost precisely at the low tick. *sigh*

I dont know what size lots your trading but I add positions to JPY trades not close them out for losses. It aint going down so why are you closing them???

[Chris]

Bob
So are you staying out of GBPUSD and GBPCAD because they are all kind of in the middle of the CSS?

[nanningbob]

Bob
So are you staying out of GBPUSD and GBPCAD because they are all kind of in the middle of the CSS?

I do limit entrances of trades. These were not particularly strong but maybe. Once I set my jpy, nzd, usd, aud, and some euro trades I think I have enough for a while.

[nanningbob]

Using 10.5 and a 30M chart fishnet looks like this. Looks cool to me.

[totty23]

you are giving up on AO?

[nanningbob]

you are giving up on AO?

I rarely/never use it. RSI 2 and 240 line is really all you need for a signal. P/S/R/Mid either daily or weekly lines you use for entrances and exits. It is that simple.

[nanningbob]

Go through this thread how many times have I even mentioned it? Maybe in the last 100 pages I may have mentioned it once.

[nanningbob]

I just closed out 25 trades. I went 20-5 and closed almost halfway through the Euro session or 3 hours in. There were 495 pips on the board and I took them. Increased my account 3.8%. Both aud/usd and nzd/usd were 100+ pip together. Poor 80%+ of traders at FF got their brains beat in again. I picked up 81 pips on gbp/jpy Poor 70%+ of traders at FF got their brains beat in again. 41 nzd/jpy, 71 Cad/jpy, 4 eur/jpy and 10 on chf/jpy. Some of the those trades I had 2 trades going. I have kept 1 trade going on each of the JPY pairs or a new pending with the break of the new high and reset my pending two line below in case we get a spike like yesterday. My biggest winner though was the eur/nzd 100+. I am tickled the most with the aud/usd and nzd/usd They just keep trickling up. Finally on the other end of these trades. usd/cad made a surprise run happy with that. 3 trades 100 pips total there.

I have 10 trades going and another 16 pendings set if price decides to keep running. I am lovin' it. My wife and I are going out to a Japanese restaurant to celebrate. Gotta give them something back, they have been so nice to me this year.