10.4 A Complete System

[sponn]

It was great day until news... e/u and u/chf cost me 400 pips because I have got 3 positions per each one and price reversed just before TP at DP and hit (crossed) 240 line...

lesson learned. Always set you winning trades to BE if news are comming...

Anyway I'm still 1600 pips this week. And over 4% gain only today. Not bad at all.

[fire580]

Can someone answer this please - if 960MA on the 60M is equivalent to a 240MA on the H4 what does it need to be to show on an M15 chart?

[garyfritz]

There are 5*6 = 30 H4 candles in a week. So 240 H4 is 8 weeks = 2 months, from Bob's original "2 month MA" comments.

There are 4 H1 candles in H4, so 4*240 = 960.
There are 4 M15 candles in H1, so 4*960 = 3840.

I'm not sure how well Empty4 will handle that long a lookback. You'd have to make sure you had 4000 bars of M15 history.

[MrLong]

Can someone answer this please - if 960MA on the 60M is equivalent to a 240MA on the H4 what does it need to be to show on an M15 chart?

960 X 4 = 3840

[fire580]

thanks Gary - thanks MrLong

[nunez1]

Hy guys i have been trying to learn this system for a while now but im still losing i read the pfd but still dont get it , can somebory that knows how to use this sustem help please, but i would need help via skype my skype name is nunez172. sorry if this is been ask before

[Pipstubborn]

So you may see that overall eur is stronger than overall gbp but you still need the individual comparison of each against each other on one chart to get the best entrance point.

That makes perfect sense. I just don't understand why you'd want DIFFERENT indications on the two pages. If EUR is stronger than GBP on the Info page, but EUR is weaker than GBP on the EURGBP chart, which one do you believe?

The Info page shows an at-a-glance status for all 8 currencies. The individual pair chart shows the status for 2 currencies, alongside the pair. That's very useful, but I would think the data would be the same on both charts. If they're different on purpose, then how do you interpret them when they're different? What are the different values supposed to tell me?

Simple Gary, You believe the Info Page. The CSS on the chart fine tunes your ENTRY.... ENTRY PENDINGS When you go to the pair in your example on H4 chart you wait until the lines cross back again in the direction of the INFO Page or you are on a Gold bar.... it is a PinPoint tool. When in the chart are opposite is telling you that YOU ARE IN A PULLBACK....GET READY TO LOAD!

I did 1051 pips today, 2996 pips yesterday and 9573 pips for the month so far because I believe the way I just explain to you.

By been too analytical.... you are missing the boat, the fun and the load trying to figure how the engines of the Carnival Cruisse works instead of enjoying the ride.

[art]

hi guys trying to catch up, moving back to London early july so lots of domestics, if you get to London bob, when i'm there, i will but you a pint of english beer

[garyfritz]

By been too analytical.... you are missing the boat, the fun and the load trying to figure how the engines of the Carnival Cruisse works instead of enjoying the ride.

Wouldn't be the first time...

Thanks for the clarification!

[Aus67]

I've never traded anything like this before.. Absolutely loving it. Wouldn't change a thing. So much fun and it almost feels like cheating. Hope we can all keep up with these results and not try look for the next best thing. Because this is the boooomb!

For the first time I dont see any real fundamental weakness in the system. It just cant predict the news or spikes that happen in the market. I am sure some unforseen market move will happen. As long as I stay with my SL around that 240 line I wont have to worry about deep account damage. It however gives you the best chance to guess the right direction the majority of the time. I am consistantly hitting in the 80% win ratio which I have done before but my winning average profit is bigger than my average loss which is almost unheard of in trading along with high win rate. I mean my goal is to do better than 10% a month but I am sitting here doing 25-60% a month 3 months in a row. I mean that is retirement territory in 2 or 3 years time and never need to trade or work again. The rate I am going I can pay cash for a really nice house and new car next year and after that I only need traveling money. Debt free now so I dont have bills to pay off. I really got to stop thinking about it and just let it ride every month and see what happens.

The real final joy for me is the number of people who email or PM me saying they made a donation to my charity. Allowing kids a chance for a future by paying for part or all of their education because of my success and the success of others well, that is very satisfying to me and much better than trying to hawk the system for 499.00 bucks or something stupid. Believe me I will take a trip to NZ and AUSTRALIA next summer if this keeps up like this. I am going to London in about a month. I have the funds in the bank for the trip now just waiting for the visa thing to finish up and then buy my tickets. It is a great ride and it never would have happened without all the contributions of Steve and the gang here and those who came over from FF. Believe me I can t believe how lucky I am meeting such a great group of unselfish traders who share and willing to give.

Hi Bob
No doubt this system is a fantastic tool...I have not had sooo many green TP's in my history before!
May I ask if you are using 10.4 and entering on the 4H chart or using 10.5 and going down to 1Hr chart to enter or place pendings?

anyone else using the 1Hr or 4Hr entries?