10.4 Advanced and Counter

[rebyte2]

AUDCHF CT trade is almost primed to go.

Waiting for 1H STO 5 to give the 'word'.

[rebyte2]

EURNZD has moved over 400 pips from the 240 line. A great candidate for a CT trade.

Naturally, it relies on the EUR strengthening, but i'm sure the midweek reversal scenario will kick in soon.

TP at 1.5430, just below the WS1 line.

cheers... Roscoe

[mjws00]

Roscoe, It looks like you are tearing it up man.

Nice charts and ideas. Admittedly I have been playing a little naked. So don't realize they are 10.4 or counter until after the fact. I truly love having that 10.4 RSI at my back, if I feel a little lost in a trade.

Cool posts I see lots of folks enjoying them.

Mike

[rebyte2]

Thanks Mike.....

I like to refer to these type of trades as... "Elastic Bands"..... for logical reasons.

The 240 is the major attraction.

They cannot survive outside the grey shaded box.

Besides, gives me some entertainment value whilst i'm waiting for the next 10.4 trend continuation trades.

I should add that not all trades work out well, but the wins more than covers the losses.

cheers... Roscoe.

[rebyte2]

Oh well.... we wait for a better entry.

[Ray Singcar]

Hi Roscoe
Could you kindly supply the ind that shades between the S & R lines
Thanks...Jeff

[KevinT]

Hi Roscoe
Could you kindly supply the ind that shades between the S & R lines
Thanks...Jeff

It seams Re-bite(don't) has taken a vacation, or just not in a sharing mood ... anyways by the activity going on here, one might say that . . .

                     ELVIS HAS JUST LEFT THE BUILDING

PS: Thank you mjws for your follow up and kind words.

[mjws00]

Rebyte has been around a bit. Probably didn't see the request.

Bob has pretty much been executing the mother of all counter 10.4 trades in the main thread with his early JPY wins. Now they are closer to 10.4 style.

I got slammed with work and holidays, so not much time to post here. Taking lots of counter 10.4 trades, but most are price action based. RSI2 at my back I consider a HUGE bonus and great heads up. 240 I use occasionally to define where I might let a trade swing a little or play a little tighter. I read so many timeframes a use a more fluid definition.

Mostly I just see folks following Bob's advice on JPY and racking up huge numbers. That is cool. I wanted to get the volume up on 10.4 via controlling the EA, but it wasn't quite ready on my first attempt so I moved on. Imagination and interest ebbs and flows, there are really only enough active eyeballs to keep a few threads slamming.

Green pips.

Mike

[rosst]

Check out the AUDCAD Weekly chart - time to look for a CTT?

[yamez]

USDCAD CT. Autochartist channel up pattern on H1. Harmonic 3 Drives pattern on H4. WR1 inside H4 Harmonic PRZ ( not shown ).