10.4 A Complete System

[nanningbob]

Chinese carry trade. If you can understand this then you are quite an expert.


http://wallstcheatsheet.com/stocks/are- ... ?a=viewall

A reason for these ridiculous differences may be an increase in what is called “carrier trade” whereby exporters take out loans against their traded products, and invest this money in various wealth management products after converting the loans into yuan.

[kwanann]

H4 CSS for jpy pointing up, might not be a nice time to short it

[6y588]

It means you get golden rod for longer periods

SWG123 - yes I agree why the change and what does it mean?

It also means that you get it earlier

[Jemook]

It means you get golden rod for longer periods

Viagra spam!

[6y588]

I see some of you guys making like a gazillion trades on 10.4 and cudos to you all.

My approach is somewhat different given the size of my trading account. £1186.

I look at the daily INFO and choose 2 or 3 currency pairs that interest me. Then I look at the 4H charts, I choose the one which I deem to give me the best chance to make just 1% of my bank. Today I chose the GBPCAD and traded it very nicely bouncing off the 240 MA. The other pair I considered was the USACAD and would have also proved just as fruitful had that pair been chosen. I do scale in my trades with usually 2 or 3 trades which usually means I hit my targets very early. When that hits I cash in and just monitor and learn the rest of the day. So far 17 for 17 and bank is heading north albeit at a sedate pace but if I can learn to do that with a small bank for a year or two then I will increase bank to 10K and do the same. My Draw downs have been extremely small on these trades, less than 2%.

I find this an extremely easy and relaxed way of trading because my expectations are what I feel to be realistic for the size of account.

Very nice Zennor - 1% per day is more than most could dream of. Great approach.

Cheers,
Dave.

2.5% was what I achieved yesterday, but obviously it also depends on the market. Some days you get zilch because the market is flat, while other days you may get negative. So I try to set 2.5% per day to cover the non-performing days.

[garyfritz]

LOL Jem!

Zennor, nice results. How do you choose the 2 or 3 pairs that interest you? Look at the strongest/weakest currencies in CSS and trade those pairs? Using that approach I would not have picked GBPCAD -- GBP is pretty dead-to-middle in both D1 and H4. USDCAD looks a bit more promising, but on the H4 I would have thought USDCHF or USDJPY would be the best bet.

[6y588]

during a ranging market,prior to a known event for example the QE, the price is trapped . Rather than just putting a buy stop for a breakout, i would also put in a buy limit to work on the mkt. this has worked well for me as the risk is limited to just the one trade.

[Gertje]

Dang, already a 1.000 pip day today [09h00].
AUD is treating me well.

I decided to put my money where my mouth is, and opened and account with Jeremy.
Funding just got through and I'll set the Empty4 up later today. If SH-forum and MT4i allows it, I will provide a link to the account in my signature.

It's a $2.000,- account where I will start trading 0.01 lots.

[kwanann]

hmm i can't even find anything to trade today based on 10.4 rules...

[Jemook]

I took a trade using some of the ideas I learned in 10.5 on my live account.. Long term long on the AUDUSD using the RSI flattening on different TF's. It's up, up, up from here IMO