Foreverforex wrote:on chart below of EG, if slopes converge and we get gold bar in next few bars, that's a proper sell trigger to set pendings, right?
correct
10.4 A Complete System
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Staedtler
Re: 10.4 A Complete System
correct
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totty23
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Re: 10.4 A Complete System
anyone help?
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Pipstubborn
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Re: 10.4 A Complete System
Wrong pair. We don't trade that. You should watch H4 for setups.
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endikwong
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Re: 10.4 A Complete System
EUR/USD long set just above daily pivot ?
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Foreverforex
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Re: 10.4 A Complete System
How do you play this one?
Looks like a long setup:
Uptrend
RSI pinned on bottom
Gold bars..
...but bars are gold because looks like JPY is going to cross over USD, moving into position of relative strenght, not because USD is going to cross over JPY.
I guess set pendings above those recent highs and if JPY strength falters, you're in. If JPY does cross over you stay out of trade (unless you get nasty spike and reverse, which seems to be were I end up more often than not!)
Looks like a long setup:
Uptrend
RSI pinned on bottom
Gold bars..
...but bars are gold because looks like JPY is going to cross over USD, moving into position of relative strenght, not because USD is going to cross over JPY.
I guess set pendings above those recent highs and if JPY strength falters, you're in. If JPY does cross over you stay out of trade (unless you get nasty spike and reverse, which seems to be were I end up more often than not!)
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slowkey
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Re: 10.4 A Complete System
Talk of RBNZ intervention has hit the NZD hard. I just pulled all trades on the NZD. Some at a loss. This could spiral out of control. What the Bank will actually do is unclear but talk was enough to weaken it. The cause was statements of actual possible intervention by Wheeler.
The Gann Ribbons ... A new tool for looking at Time Periods, Price and Dynamic S/R in any system.
Now using HGI on 60 minutes and up & 10.7 with Hurst Targets intraday.
Bob's HGI Fourm
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3524
"No problem can be solved from the same level of consciousness that created it."
Albert Einstein
Now using HGI on 60 minutes and up & 10.7 with Hurst Targets intraday.
Bob's HGI Fourm
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3524
"No problem can be solved from the same level of consciousness that created it."
Albert Einstein
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Foreverforex
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Re: 10.4 A Complete System
Why? RSI is in overbought territory. 10.4 rules say in needs to be pinned to bottom, right?endikwong wrote:EUR/USD long set just above daily pivot ?
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bluedog23
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Re: 10.4 A Complete System
Might want to watch this one and other XXX/JPY pairs, similar setups.
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bluedog23
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Re: 10.4 A Complete System
Ran the stops low then high; buy the stop hunt in an uptrend as Captain Jack says. We will see how it works out.
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KevinT
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Re: 10.4 A Complete System
what's a 10.5 black tradeStaedtler wrote:i took a break of the high on the gbpjpy with the filter glowing green.. wasn't a 10.5 black trade, and got nailed.. well that's what i get for trading outside of the rules
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Last edited by KevinT on Wed May 08, 2013 1:02 pm, edited 1 time in total.