10.4 A Complete System

[theforexedge]

Boring???? Already 892 pips in the bank one hour before Tokio open strict by the rules

where the hell did you find the pairs to trade ? i've got 1 trade open for 5 pips and the other last night made me .5 pips.


EDIT: now i'm negative 5 pips..

i've done nothing but lose with this system

Staedler, I'll give you five freebies

BP/CD SELL. On H4, PA is below 240, RSI2 is topped. Go down to H1 and place your 3 pendings STOPS orders below PA on the daily lines. If PA is too close to the daily line go to the next one, give it some room. If Price retraces to the upside, place another one and so on all the way up to 240 line if needed. Go back to H4 and place your TP at the closest WEEKLY LINE which in this case is WS1. No SL or BE, trade with .01 lot. If you don't feel confident to reach WS1 by the end of the week, go down to H1 and close your live orders every other DAILY LINE. This will improve your confidence on the system.

Same with all this setups found on H4
BP/AD LONG or BUY
BP/NZ LONG or BUY
EU/CD SHORT or SELL
CD/JY LONG or BUY

There is more...... find them.

In other words, find setups on H4. Down to H1 JUST to set pending stops on DAILY LINES and back to H4 to pick your money. To TP you can use the closest WEEKLY LINE. Measure your success in a weekly basis and give the trades some time to ripe

Pipstubborn

What are you using to place your pendings / trade management?

Thanks, Jason

[spillini]

Well, the operative word is, WAS.... The Aud/chf is digging my dong out of the dirt. That and hanging with Eur/Gbp has turned a losing week into a winning week. Just goes to show you, you can recover easily with this system.

Hey guys, Taking it on the chin this week. I bit on the MEX and found out later it was a bad move. Fighting some DD on EUR/GBP but knew it was abberation. She is coming back around now. I also Shorted AUD/CHF last night at both .9564 and 9600 levels to stem the tide, ( Looks like a Bearish Engulfing pattern coming up on the 4 Hr ).. Also waiting to Long the GBP/JPY anthing under 154. And under 131 with E/J.

Jim

[spillini]

GBP/CAD is looking good this morning and we are still waiting on the G/J and E/J to pull back so we can get in.

Jim

[totty23]

forexedge, thanks for that simple explanation, what are you looking at on the 1h? on my 1h it does not show any daily pivots, thats if you are referring to pivots?
i see you are thinking short on gbp, I was looking at gpb/chd long, this would be trading against you?
what do you think?
i slide in and out of this thread, have we got a new momentum configuration, i just go used to the old one?
cheers

[Pipstubborn]

This is AWESOME!! I started setting up my trades after Pipstuborn explained how he does his yesterday and now I have made over 1300 pips and still counting. Bob, words can never express enough my deep heartfelt gratitude for your amazing and relentless contributions to this forum. I have spent the last 4 years full time day and night trying to get a handle on forex trading. I have lost a great deal of money and social time commited to getting on top of this thing. I'm thinking this system is going to be life changing for me.
Blessings to you my friend.. Pat B

Congrats bud! Now we all can have Chinese food this weekend to honor Nanning Bob

[kwanann]

Hmm which post did pip stubborn mention how he does his setup?

[theforexedge]

Hmm which post did pip stubborn mention how he does his setup?

BP/CD SELL. On H4, PA is below 240, RSI2 is topped. Go down to H1 and place your 3 pendings STOPS orders below PA on the daily lines. If PA is too close to the daily line go to the next one, give it some room. If Price retraces to the upside, place another one and so on all the way up to 240 line if needed. Go back to H4 and place your TP at the closest WEEKLY LINE which in this case is WS1. No SL or BE, trade with .01 lot. If you don't feel confident to reach WS1 by the end of the week, go down to H1 and close your live orders every other DAILY LINE. This will improve your confidence on the system.

Same with all this setups found on H4
BP/AD LONG or BUY
BP/NZ LONG or BUY
EU/CD SHORT or SELL
CD/JY LONG or BUY

There is more...... find them.

In other words, find setups on H4. Down to H1 JUST to set pending stops on DAILY LINES and back to H4 to pick your money. To TP you can use the closest WEEKLY LINE. Measure your success in a weekly basis and give the trades some time to ripe

[Pipstubborn]

Boring???? Already 892 pips in the bank one hour before Tokio open strict by the rules

where the hell did you find the pairs to trade ? i've got 1 trade open for 5 pips and the other last night made me .5 pips.


EDIT: now i'm negative 5 pips..

i've done nothing but lose with this system

Staedler, I'll give you five freebies

BP/CD SELL. On H4, PA is below 240, RSI2 is topped. Go down to H1 and place your 3 pendings STOPS orders below PA on the daily lines. If PA is too close to the daily line go to the next one, give it some room. If Price retraces to the upside, place another one and so on all the way up to 240 line if needed. Go back to H4 and place your TP at the closest WEEKLY LINE which in this case is WS1. No SL or BE, trade with .01 lot. If you don't feel confident to reach WS1 by the end of the week, go down to H1 and close your live orders every other DAILY LINE. This will improve your confidence on the system.

Same with all this setups found on H4
BP/AD LONG or BUY
BP/NZ LONG or BUY
EU/CD SHORT or SELL
CD/JY LONG or BUY

There is more...... find them.

In other words, find setups on H4. Down to H1 JUST to set pending stops on DAILY LINES and back to H4 to pick your money. To TP you can use the closest WEEKLY LINE. Measure your success in a weekly basis and give the trades some time to ripe

Pipstubborn

What are you using to place your pendings / trade management?

Thanks, Jason

Hi Jason, Leg Work is the best EA that I know off, it gives you a lot of touch feeling involved with the market.

If you trust your bank of preference that gives you 1% in a saving acc or a CD with X% per YEAR! Why not trust your brain to get waaay much more than that in a MONTH?

[nunez1]

hi guys is my first post and i want to thanks bob for this great system,i have a question i dont know if it has been ask before.
Before we enter the trade do we wait the 4H tf to change colors or we go into the 1H tf and look for the color on that time frame.thank you again bob for a great system and sorry if this question has been ask already.

[cmeade2]

Hey Pipstubborn (and Bob)

I understand your approach if you basically have a 10.4 setup and you go to the H1 to set the pendings.

My question is suppose you already have an established trend. For example here in the AUdChf the price is below the 240. The RSI(2) is very low and the CSS bars are red. Would you set pendings on the H1 in the direction of the trend using the daily levels?

Thanks

cmeade2