10.4 A Complete System

[zentauro67]

Here is the CSS (v. 1.0.6) daily reading in three different brokers. Same time, same settings. How can be so different? It´s the number of exotic pairs offered by the broker what makes the difference?

Alpari UK

Alpari UK.jpg

FXPro

FXPRO.jpg

FinFx

Finfx.jpg

[Foreverforex]

Can you believe it 78% of the traders at FF were shorting the gbp/jpy. Lunch meat.

I ended up with 6 levels going and banked 440 pips on that one alone. Love the lines on the 1H chart.

Bob, were you long from 10.4 signal or from fundamentals? I see setup earlier in the week, so would that trade have been from pendings set on monday? By thurs/friday, RSI had reversed to top, so if that happens, you still keep pendings open? That's not s sign to close pendings? I guess that's one thing I've never been clear on - how long are pendings valid for, what is rule for that?

Perhaps the answer is in the new template that I haven't upgraded to yet?

Thanks

ff

[fahedksa]

Nan,
I hope is it possible to see your JPY trades details (Date,time,Price,etc..) so i can study your entries it will be very helpful for me.

[Staedtler]

banked 100 pips last night on nzdjpy, thanks for the heads up bob !

[Pipstubborn]

UC Short pending stop triggered.. TP set at WMS2.

yeah I also got confused by the words "selling xxx/jpy" but the pictures explained everything....

You sell the Yen by buying (going LONG) the XXX/JPY

[garyfritz]

How you guys make them things and get them to work is amazing to me. Thanks.

Kinda like how you make them trades work and get them so profitable is amazing to me...

[nanningbob]

Nan,
I hope is it possible to see your JPY trades details (Date,time,Price,etc..) so i can study your entries it will be very helpful for me.

Friday's final tally 33 wins 6 losers 1447 pips. A thousand+ pip day. It is the multiple level trades in the direction of the trend that does it. Big JPY moves was the biggest part. I averaged 50 pips per winning trade and 34 pips per losing trade. What often gets lost in the hoopla of the winning is people miss that I lost over 200 pips today also. You cant be afraid of losing to win like this. My last two weeks in April my account was knocked down almost 10%. I had several really sorry trades. 240 line got hit quite a bit. But I made that all up in one good day. Unfortunately most of that was from a series of gbp/chf trades. I hate CHF. So you guys have seen me win and lose, the bar color thing was made so I dont do that again. I would have stayed out of the gbp/chf trade with that indi.

The 3 big winners were:

AUD/JPY 6-0 for 407 pips The high/low for the day was 190 pips that is 214%
GBP/JPY 6-0 for 428 pips The high/low for the day was 260 pips that is 165%
USD/JPY 3-0 for 202 pips The high/low for the day was 140 pips that is 144%

To me this is the whole key to 10.4 There are days you hit the jackpot with multiple trades into the trend. This more than makes up for the single level losers at the 240 line.

Attached is Friday's trades.

[KevinT]

It's the scaling in on the winning trades (mainly breakouts!) that compounds your bottom line!
Notice this trader's swings... Little if any profit... But then the hundreds to a 1000 pips days make him profitable
"This" kind of trading is not suitable FOR DULL MARKETS (50-50% hit rate or less!) but illustrates bob's "multiple level trades in the direction of the trend "point!

Let your profits run . . .PNG

[KevinT]

Nan, I hope is it possible to see your JPY trades details ... so i can study your entries it will be very helpful for me.

02MAY13(close) Bob's trades!.png

[effluvium]

...... I had several really sorry trades. 240 line got hit quite a bit. But I made that all up in one good day. Unfortunately most of that was from a series of gbp/chf trades. I hate CHF. So you guys have seen me win and lose, the bar color thing was made so I dont do that again.

If you hate too much CHF, why do you continue to trade it ? There's a radical solution: You ban all pairs with CHF from your sight, by disabling them.
Take it easy Bob, and don't put too much hate and rancor in you heart. Not too good for your health.