10.4 A Complete System

[Trvln]

CJ = Captain Jack ?

[aserschan]

CJ = Captain Jack ?

yes

[nanningbob]

Hi again,
As a newbie with 10.4,I am hanging out to work through the pdf's and set everything up but was wondering if there is an easy guide to setting up all the indis and then the best guide to a routine for using the charts as set up. Think I saw one somewhere but first I don't want to mess up my charts with the wrong indicators etc..
Can anyone help please?

I posted a loading instruction book on page 1 post 1.

Doh. Sorry I will read post 1 Page 1 properly this time.
Do appreciate the reply Bob.
It is a credit to you that you are still active in the forum.
Do you think that with your system success may come a bit earlier because your system eliminates more grey areas than others?
Do you thing it makes decisions easier for relative newbies?
Do you still have to make a decision about which is a ranging market trending market etc and when and if they have changed.
I have put a lot into reading price action and candles but the trends are easy to read after the fact and not so easy at decision making time.
I have been working on Trading Made Simple (BigE - ForexFactory)) with a demo account and have had positive results but my pip count is not enough to send me on holidays.

Keep it simple. Buy above the 240; sell below. everything else is to try to help you enter at a good spot. That is the heart of the system, trading in the direction of the long term trend. When the RSI 2 is pinned then you look for your best entrance spot. You follow those two until you grasp the nuances of CSS and S/R/Pivots and you should make money. Guys who are pulling in big pips are people who have been trading a long time and can grasp the nuances and market changes quickly. Nothing takes the place of experience.

[alex84]

Hey Bob
I'm using your last tpl you posted on the forum but not yet on the first page, tpl is called 10.5 grey 5.02dp. It's the simplified tpl.
in this one the threshold is set to 4 instead of 3 or 2.5 like in previous tpl.
Does that make a big difference on signals ?
Do you still recommend to use this simplified tpl or no ?
Regards
Alex

[hammondnz]

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.

Pipstubborn - I am trying to get my mind around what you said here -- you say "you believe the Info page" - does this mean the D1 on the Info page? For example, on the usdchf the usd is above the chf on the D1 and on the H4 usd is on the bottom while the chf is on the top (same on CSS on the chart) - so you are looking for the pairs to change places on the H4? Thanks for the help...

Hi Rosst, Yes... I meant the D1 CSS Info Page, that's the main guide. In your example USD/CHF, the D1 CSS on the Info Page is telling you that the USD is the strongest currency but the strengh is decreasing for the time been but still strong and the H4 CSS on the Info Page gave you a heads up that the strength of the USD was weakening, meaning that the USD is on a retracement or dip in the UT. (looks that the dip is almost over by now) You can see that by looking at the red line almost flat right now on the H4 CSS Info Page. I like to see the lines on both rather than the numbers. With the lines you can see where are they coming from. And yes they are going to change places.

Remember that the fundamental (main) trend is up UT said by the 2 LWMA on MN1 chart or 240LWMA on H4 (they are almost the same).... so in the UT you are having dips (valleys) and those dips are reflected by the H4 CSS Info Page and also in the CSS of the H4 chart.

Now let's go down to the H4 chart. The first thing you are looking for is the RSI2 (as Bob says, do and I also do is to check RSI2 top/bottom flat on all charts in 10 min or less) RSI2 is bottomed flat below 20 and is telling you that you are in a BUY ZONE but not yet, and therefore YOU CANNOT SELL.

Exactly when you are going to start buying PENDING BUYS?....
H4 CSS on the chart is going to tell you. Right now the background is red telling you that you are still in the dip but the lines of the currencies are getting closer and closer. This also tells me that the dip is almost over..... so when a gold bar on H4 close shows up, right there and then you and I we start pending buying using all the DAILY LINES found on the H1 chart.

If you study the line of CHF on the D1 & H4 CSS on the Info Page you'll find that the CHF was and is doing exactly the opposite thing that the USD is doing.

I hope this helps and make it crystal clear. Sorry for been repetitive but once you grasp this you are going to say OMG!

Hi Pipstubborn

Many thanks from me too for your detailed explanation. I too hadn't quite got to grips with the CSS info' page. I have copied and printed it so I can go over and over it and get firmly imprinted into the old grey matter.
Here's to a better week next week, although I finished up OK last night. I sat on several trades I had placed last Tuesday evening (Aussie time) which yo-yoed up and down all week until last night's events which netted me in excess of 600 pips. Very satisfying!
Now, with your CSS info', I look forward to more impressive results. Even to achieve 1/4 of the pips you do would be awesome, then on to achieve 1/4 of NB's results..........whoa slow down! my minds running away with me - slow and steady wins the race.....

Regards to all - have a great weekend.

Graham

[fx800]

Does anyone has an opinion on this this article from the WSJ regarding the yen ?

http://www.forexfactory.com/news.php?do=news&id=430191

[kwanann]

Hope you guys provide your trades report for theese week so i can study you entries and why i still make big mistakes up to now.

You can look at Gertje mt4i in his signature, that is more or less 10.5 except for yen pairs


Alternatively, another ways you post your trades and then we can help u take a look and see where it went wrong

Still can't figure out the info page CSS, will take a look, at pipstubborn post to see if I can make heads or tails of it. For now it's 10.5-CJ for me. I might start a separate thread if there is interest in this. I see great harmony between both systems and have yet to find that magical pot of gold, got a tiny pot of coins for now.

My main concern with 10.5 is the dd. due to the sheer number of trades, even at 2c per 1k, the dd can go up to 15%. With cj my dd is as good as nil and I know my SL point which is at most 100pips away, sometimes the 240ma is very very far..

[andygrope]

Does anybody have an explanation as to why my 10.4 profiles will not load.
In profiles I have 104
I deleted half the charts but the chart window still says "waiting for update.
I have also gone into options and reduced the max no of bars to 5000.
Any suggestions as to what the problem could be.
I am not a newbie to Empty4 and generally know how to load all these things.
Thanks

[SWG123]

Does anybody have an explanation as to why my 10.4 profiles will not load.
In profiles I have 104
I deleted half the charts but the chart window still says "waiting for update.
I have also gone into options and reduced the max no of bars to 5000.
Any suggestions as to what the problem could be.
I am not a newbie to Empty4 and generally know how to load all these things.
Thanks

Bob uses Cowboy IBFX which has an 'm' suffix on the currency pairs. If you have a different broker that's probably the reason.

[tboy]

Great work Spillini
Was wondering if you would do me (and perhaps other relative newbies) a favour by posting one of two charts of the pairs you were successful with last week, indicating where and when you entered...whether single or multiples. Even better if you want to annotate some of the entry points i.e. your rationale.
Gertje, Jemook - likewise you guys if you feel inclined!
I suspect there's a few of us who understand Bob's stuff but are finding the leap into successful and consistent results tricky...usual combo of discipline, patience and MM!
Good weekend to all.
cheers
tboy