10.4 A Complete System

[sponn]

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

I don't know what is your timezone and what does it mean today but last 12-16 hours are
n/jpy short (wp cross)
n/chf short (dp cross)
a/chf short (wp cross)
a/jpy short (wp cross)
gbp/nzd long (wp cross)

cad/jpy (240 and wp cross) - but I haven't got this one... to risky for me because 240 is not respected at all
eur/nzd (wp cross) - missed this one... don't know why

PS. I'm far ar after Gertjan. Only 1385 pips this week so far.

[kwanann]

ah.. so its all based on crossing of pivots, rather than the css or rsi.. ok noted

[sponn]

ah.. so its all based on crossing of pivots, rather than the css or rsi.. ok noted

According to The Master rules... WP/DP cross is valid signal.

Here is The Master said himself again:
240 and RSI 2 are the two most important signals and then confirmation from the following
The tie breakers for me are:
1. Fundamentals, like today was a bank holiday in two major countries usd and gbp, so didnt really spend a lot of time looking for trades. Had two profits 1 for 21 pips and another for 15. Took out my gbp/usd trade for a loss. Strong fundamentals always top anything any indicator may say.
2. CSS info page-are two lines moving away from each other or one flat and another moving away, both indicating strong trend moves.
3. Crossing of DP or WP lines no matter what the indies say but CSS info page gives me a chance.
4. Most of my trades are based on the RSI 2 and the 240 line filter with steps 1,2, or/and 3 above.

[Wavegarrick]

Hi Sponn I have to agree Nzd/Chf and Nzd/Chf are the two pairs I am watching. I have taken scalp sells on both Pairs. However bear in mind that N/chf on the 4hr hasn't turned goldenrod yet. Im now looking for re-entrys on the retracement.

[sponn]

Hi Sponn I have to agree Nzd/Chf and Nzd/Chf are the two pairs I am watching. I have taken scalp sells on both Pairs. However bear in mind that N/chf on the 4hr hasn't turned goldenrod yet. Im now looking for re-entrys on the retracement.

Nzd/chf - dp cross with TP @ DS1.
Anyway it should break WP as well and then TP will be @ WMS1 (if not WS), which is also nice support zone (support is around 15 pips below).

PS. Anway it touched WP and retracing now. We will see

[koobala]

I have just set pending orders on EURJPY

Is this correct ?
BUY STOP at WP (131.498), SL at 240MA (130.620).
Please tell me is this good setup.

[sponn]

Cross of WP should be always a good trade but you can't be 100% sure even then.

Also if you check last few pages you will see that start of each one month jpy is loosing it strengh. In the other hand in the end of each month jpy was the strongest. So maybe it will be wise to wait couple of days more (until next week). Or meybe not... who knows

[Wavegarrick]

Koobala just an observation, I was wondering why your Rsi looks different to mine but then I realized that you are using 533 stochastics probably from one of the older versions. If you are comfortable with the older version then fine but the latest version has the 10.4 4hr RSI 2 indicator

[art]

hi guys not posted for a few days, holidays and all that just catching up, i'm still getting a bit confused with a few others here, with the using of the css, for instanc the nzd has just crossed over the usd on the 4 hour, and the jpy is turning down, when you look at the 4 hour nzdjpy chart,golden rod has appeared, nzd and jpy are both touching, so how would you trade that assuming the slope strength turns red, and the css is still showing nzd strength, do you ignore that and just trade whats on the chart, sorry to be long winded, cheers

[endikwong]

what just happened, usd and gbp are weakening