10.4 A Complete System

[sponn]

There is German news in 15 mins. Now we have to long eur/usd and usd/chf - only one of them can be good, right ?

Also we can have nice longs on jpys and short on eur/gbp.

[TraderDesk]

Looking at the GBPJPY 4 hour chart the CSS so far has not broken the levels shown... If the lines are not broken then price action bias could start to change... Daily CSS JPY angle is still heading down at a sharp angle...

If we have a bullish run then I am looking for price action to head towards 156.30-40 area... which is the WMR2 line...

5-8-2013 1-07-04 PM.jpg

[bernard]

EURUSD is above 240MA so a green bar is what you're waiting for when you have been putting buy-pendings. GREEN = BUY.

When you have buy-pendings and the bar goes red from gold, THEN you remove the pendings, vice versa for sells.

My question was: How often do you check for the color change? Once every 4 hour at the close of H4 bar? or more often?

Bernard

[kwanann]

Hmm seems aud is recovering?

[Gertje]

EURUSD is above 240MA so a green bar is what you're waiting for when you have been putting buy-pendings. GREEN = BUY.

When you have buy-pendings and the bar goes red from gold, THEN you remove the pendings, vice versa for sells.

My question was: How often do you check for the color change? Once every 4 hour at the close of H4 bar? or more often?

Bernard

Since I can't run the new template due to processing errors, I don't look at it at all.
I use the 10.4/ V5.0 template and enter on the H1 charts and TP at DS1/ DR1.

[peranders]

Hmm seems aud is recovering?

China trade balance was better than expected.

I will look for shorts if it reaches 1.038 area again, swap is still too high to be caught in long term floating DD. Some more interest cuts and then this it not a factor any more.

[mrelectron]

<snip>
TraderDesk: ...... the CSS so far has not broken the levels shown
</snip>

TraderDesk, what are those levels?

[TraderDesk]

<snip>
TraderDesk: ...... the CSS so far has not broken the levels shown
</snip>

TraderDesk, what are those levels?

The two red lines I have arrows pointing at....

5-8-2013 1-07-04 PM.jpg

[ShirtonFx]

Hi, Bob.

Sorry to hear that. I hope that virus goes away and you feel better soon. Waiting for the new INFO page. A good reading of that CSS 4h, daily and Globaltrendmarket will be, in my opinion, even more important that working on entries, exits, or airgbag filters.

I wrote this in Baluda´s thread some days ago and I would like to know if you think such a thing is or not possible:

"I´m finding GlobalMarketTrend very useful as a tool to choose the right timeframe for the day. When market is not trending you better go to 1h and aim for 20, 30 pips.

Something i have noticed using Mr. Long EA is that there are "good days" and "bad days" for 10.4.

Often it can happen this: you have 10 open positions and you have 10 winners or 10 losers. I know, this is a silly observation, but maybe we can conclude the existence of "retracing days" and "continuation days" not only for pairs but in a global way. Can this be added to your indi in anyway? Maybe the line of GlobalMarketTrend could be built on two colors (red and green) showing not only the strength of the market trend but also if this strength is related to continuation or retrace. Such an indi should be a great filter.

strength + continuation (green) = jump into the trade

strength + retrace (red) = stay out

weakness + continuation = go for 10.5 20 pips fish

weakness + retrace = put 10.4 pendings"

Hi Zentauro67
It also appears that there is a time of the day when the global market trend peaks - around lunchtime (or just thereafter) GMT

Tony

[zentauro67]

@ShirtonFX

Hi,

17:00 GMT, when Wall Street boys go eat their sandwiches, is always a slow down time. You can spot it easier in 1 min TF

eur usd 1 min.jpg