10.4 A Complete System

[Staedtler]

lol nailed my first scalp for 13 pips

[art]

morning guys, i'm new here, have read through the whole manual, and here i am, have to say,bob i echo what everyone else is saying to you, brilliant system, i think i'm up to speed with the system, just need to start using it, i used your earlier versions, with fair ammount of success, but with these new filters should be even better, just a couple of questions, the daily pivot you mention i only seem to have all the different weekly levels on my chart no daily, my chart looks like everyone elses, in the indicator list i have DP and DMP along with the WMP and WP, but cant see the daylies on the chart, maybe someone can advise,cheers

[nanningbob]

morning guys, i'm new here, have read through the whole manual, and here i am, have to say,bob i echo what everyone else is saying to you, brilliant system, i think i'm up to speed with the system, just need to start using it, i used your earlier versions, with fair ammount of success, but with these new filters should be even better, just a couple of questions, the daily pivot you mention i only seem to have all the different weekly levels on my chart no daily, my chart looks like everyone elses, in the indicator list i have DP and DMP along with the WMP and WP, but cant see the daylies on the chart, maybe someone can advise,cheers

Daily Pivot and S/R lines are on the 1H and 30M charts. I refer to those as 10.5 trades. I still use 10.4 reads for them but use multiple entrances from there. Also if you get range reads from the CSS then using the 1H or 30M chart ought to get you better entrances.

[art]

thanks for the prompt repy bob, will be very slow today theres about four bank holidays in europe, and uk next monday

[YARON1977]

How are you Bob
I wanted to say thank you, after two years of failure and spending money in vain to gurus who sell you crap, this is the first time I actually making money, I'm so happy that I came across your forum by mistake
I wanted to ask if you can share the template of 10.4 Bollinger Bands and indicators
Thank you very much

[forexdj]

Bob, you're a HERO! Thanks for such an awesome system. I feel relaxed and confident trading with it.

Is anyone watching NZDJPY?

[nanningbob]

First thank you for all your compliments. I am sorry that I dont answer each one but that would put a lot of posts up. There are noticed and appreciated.

The CSS on the daily shows USD and CAD going opposite directions. This lead to some good moves last Thursday and early Frideay. However, on the 4H you see parallel lines and that stops the price action since both are decelerating at the same speed. This leads to a very flat price action. FIrst the two CSS and comments. Last Thursday and Friday USD was going up and the CAD was going down. Lead to a nice 24 hour trend move. Then the USD changed and went down the approximately the same degree of angle as the CAD. They were both matching deceleration. Notice the CSS on the Daily and 4H told the story and price action matched. So if you see a change in either the USD angle or CAD angle you will see movement again. However, if they both parallel you will have a flat market. See pics below.

THis is matched by the read of 10.4 on the USD/CAD chart. We are above the 240 line. Bar turn gold and price broke through the DP and went up on a nice 135 pip move on Friday. I was able to catch 94 pips on the move using 3 entrances. The CSS told me where to go look strong USD and weakening CAD. I went to the chart so the gold bar and set my pending buy trades. Had a good day.

[nanningbob]

This is the 4H setup from that trade. Normally I am wary of going outside S1/R1 but the CSS was showing a strong/level USD on the 4H and a fading fast CAD. It was worth looking at and taking a shot at with the bonce off of the 240 which are usually strong and a cross over the DP on the 1H chart.

Do you notice how flat price action is now that the two are running parallel on the 4H CSS.

[art]

nice lesson bob, the market is flat as a pancake today, as expected, so the first port of call is to look at the css to see which currencies are showing strength and a good angle,looking at the css at the moment all the pairs are running parallel, if i'm correct

[nanningbob]

nice lesson bob, the market is flat as a pancake today, as expected, so the first port of call is to look at the css to see which currencies are showing strength and a good angle,looking at the css at the moment all the pairs are running parallel, if i'm correct

USD, GBP, CAD parallell down the other 5 parallel up which means the only trades available are counter trend trades. It is nice to know what are the available trades so you can look at them. Me I just kind of sat on my hands and did nothing. I have set a handful of wishful thinking pending trades but not entered any. I can see some CT trades out there but am not willing to try them yet until I see the CSS more in action. I have to learn to trade this thing live just like you. I can see what it did in the past now I look to see how I trade it in the future. Should be fun learning this together.

Because of all the bank holidays I am basically passing trading today. Hopefully tomorrow the CSS will have some crosses and currency pairs going in different directions.