10.4 A Complete System

[zentauro67]

450 pips away from 240. I´d NEVER go long here.

Thanks.. what would be the best range based on your observation and experience? not too close, not too far from 240 ?

For me 50-250 is the perfect range (it depends on pairs and heaviness). But I´m conservative. I lost many big moves trying to avoid reversals. Bob is more brave, I think.

[zentauro67]

Soon to say, but this AUDJPY counter trade is going very well! CSS 4 is a money making machine.

[Foreverforex]

Hey guys,

I´m trying to catch Bob´s train, so I´d like to ask what do you think about EURAUD long. H4 looks good, but RSI on H1 is to high.. does it matter, or do you see long bias too ? Buy stops maybe at WMR1, or DR1 ? Thx

and wouldn't you want 4H CSS to turn gold before setting pendings?

[totty23]

Soon to say, but this AUDJPY counter trade is going very well! CSS 4 is a money making machine.

Zen, are you in this counter trade?
4h is still red and both h1&4 are at top flat.
if you wait for h4 goldenrod are you usually too late?

[kwanann]

Soon to say, but this AUDJPY counter trade is going very well! CSS 4 is a money making machine.

Zen, are you in this counter trade?
4h is still red and both h1&4 are at top flat.
if you wait for h4 goldenrod are you usually too late?

aud has been strengthening so there is a good chance this trade may go past the WP

[zentauro67]

Soon to say, but this AUDJPY counter trade is going very well! CSS 4 is a money making machine.

Zen, are you in this counter trade?
4h is still red and both h1&4 are at top flat.
if you wait for h4 goldenrod are you usually too late?

I took it from the bottom thanks to CSS4 slope. Worked well, but too risky anyway.

[nanningbob]

Soon to say, but this AUDJPY counter trade is going very well! CSS 4 is a money making machine.

Zen, are you in this counter trade?
4h is still red and both h1&4 are at top flat.
if you wait for h4 goldenrod are you usually too late?

I took it from the bottom thanks to CSS4 slope. Worked well, but too risky anyway.

CT can be very profitable if you know what your are doing. My 5.0 was successful but more DD intensive at times. However they are a much more in and out trade than trend trading. You see a run and hitting the return is not that difficult. Anyway nice CT trade.

All of these JPY trades are knocking on the 240 or WP door today. Be interesting to see if they break through this week or bounce off and break through next week. Either way I have my pendings loaded up on the other side of those lines waiting for the June move.
Here is daily jpy month by month see how it breaks at the beginning of every month.

[nanningbob]

Here is the 4H CSS; notice how price flattens or begins its change of direction the last week of the month. Remember our car must slow down before it reverses and I see that process going on right now. A jpy CT trade is not that bad of an idea, especially if you ride it back into its fundamental trend. Maybe break those 240 and WP lines today, maybe later this week but it will do it soon by next week Monday Tuesday I think we will see it on its 10+ day move of weakness.

[nanningbob]

Well as I was typing all that, the JPY broke through every WP. I am in.

[nanningbob]

Some of you Aussies can comment on this article. I dont think it is that bad. China's economy is slowing down in growth but it is still growing so I dont see this worst case scenario playing out. AM I right on this one?

http://www.forexfactory.com/news.php?do=news&id=429504