10.4 A Complete System

[zentauro67]

Not an easy week. Some retraces reaching 61.8% right now. I´m not taking in consideration 240 recent crosses until seeing if this levels will act as stop and reverse.

[pips400]

Huge pin on the AUDUSD, could be about to take a tumble and take out a 2 year low.

[Gertje]

Huge pin on the AUDUSD, could be about to take a tumble and take out a 2 year low.

Yeah, if one played straight 10.4 on that one alone there were 600 pips available.
MR2, R1, MR1, WP, MS1 and TP @ S1...

[Gertje]

I wonder when the JPY will crash, I am sick and tired of waiting....

[peranders]

I wonder when the JPY will crash, I am sick and tired of waiting....

JPY 30-year bond auction thursday asian session.

[nanningbob]

I wonder when the JPY will crash, I am sick and tired of waiting....

I finally gave up on the retraces and will wait for them to show turn around. I went ahead and cleared out 1/2 my DD and got back into my safe levels. Aud is crashing along with NZD. Aud trades have been good to me JPY have been bad this week. JPY makes absolutely no sense to me at this point. Why are people buying against the govt. sell. Heck if I know. I didnt understand AUD and NZD until I saw all the workers out on the streets looking for work here in China. I can always tell when the economy is doing bad, day workers are lined up on the street looking for work. When I mean lined up I am talking 50-100 workers a block. Probably the 2nd highest amount I have seen since I have been here. But I am reluctant to chase price outside S1/R1 so I closed my profitable trades and about 1/2 of my losing trades. I will just sit tomorrow out unless I finally see JPY start their movement on the 4H CSS. How far price will move outside S1/R1 is anyones guess. If BOJ intervention doesnt work this month then they have given back most of their weakness from April and their whole program did nothing more than add massive debt without the results they wanted. This could get ugly. Why would anyone want ot invest in JPY right now unless the big boys are really loading up for the next move? Oh well that is Forex. Wouldnt be the first time I asked that question.

So let me see if I can understand this. USA talk of ending QE, or no more pumping the pump and its value sinks and talk of more JPY pumping and its value rises. HMMMMMMMMMM. got that

[cmeade2]

Bob

To interpret does this you wouldn't have placed pending sells on the WS1 for AudChf, AudUsd, and AudJpy; a pending buy at the WR1 for EurAud and a pending buy at the WR2 for the GbpAud?

Notably these all would have been profitable.

thanks

cmeade2

I wonder when the JPY will crash, I am sick and tired of waiting....

I finally gave up on the retraces and will wait for them to show turn around. I went ahead and cleared out 1/2 my DD and got back into my safe levels. Aud is crashing along with NZD. Aud trades have been good to me JPY have been bad this week. JPY makes absolutely no sense to me at this point. Why are people buying against the govt. sell. Heck if I know. I didnt understand AUD and NZD until I saw all the workers out on the streets looking for work here in China. I can always tell when the economy is doing bad, day workers are lined up on the street looking for work. When I mean lined up I am talking 50-100 workers a block. Probably the 2nd highest amount I have seen since I have been here. But I am reluctant to chase price outside S1/R1 so I closed my profitable trades and about 1/2 of my losing trades. I will just sit tomorrow out unless I finally see JPY start their movement on the 4H CSS. How far price will move outside S1/R1 is anyones guess. If BOJ intervention doesnt work this month then they have given back most of their weakness from April and their whole program did nothing more than add massive debt without the results they wanted. This could get ugly. Why would anyone want ot invest in JPY right now unless the big boys are really loading up for the next move? Oh well that is Forex. Wouldnt be the first time I asked that question.

So let me see if I can understand this. USA talk of ending QE, or no more pumping the pump and its value sinks and talk of more JPY pumping and its value rises. HMMMMMMMMMM. got that

[Anonymous]

Are the big boys at it again, bringing the xxxjpy prices to basement levels before they load up ???

The fall in the Dow and Nikkei certainly does not help. The Nikkei just broke thru WS1 and the Dow is close to WS1 as well.

[nanningbob]

Bob

To interpret does this you wouldn't have placed pending sells on the WS1 for AudChf, AudUsd, and AudJpy; a pending buy at the WR1 for EurAud and a pending buy at the WR2 for the GbpAud?

Notably these all would have been profitable.

thanks

cmeade2

I wonder when the JPY will crash, I am sick and tired of waiting....

I finally gave up on the retraces and will wait for them to show turn around. I went ahead and cleared out 1/2 my DD and got back into my safe levels. Aud is crashing along with NZD. Aud trades have been good to me JPY have been bad this week. JPY makes absolutely no sense to me at this point. Why are people buying against the govt. sell. Heck if I know. I didnt understand AUD and NZD until I saw all the workers out on the streets looking for work here in China. I can always tell when the economy is doing bad, day workers are lined up on the street looking for work. When I mean lined up I am talking 50-100 workers a block. Probably the 2nd highest amount I have seen since I have been here. But I am reluctant to chase price outside S1/R1 so I closed my profitable trades and about 1/2 of my losing trades. I will just sit tomorrow out unless I finally see JPY start their movement on the 4H CSS. How far price will move outside S1/R1 is anyones guess. If BOJ intervention doesnt work this month then they have given back most of their weakness from April and their whole program did nothing more than add massive debt without the results they wanted. This could get ugly. Why would anyone want ot invest in JPY right now unless the big boys are really loading up for the next move? Oh well that is Forex. Wouldnt be the first time I asked that question.

So let me see if I can understand this. USA talk of ending QE, or no more pumping the pump and its value sinks and talk of more JPY pumping and its value rises. HMMMMMMMMMM. got that

If you take everything off your screen except for Weekly pivot and S1/R1 levels. Set your bars back 2000 bars of more and look at price action. You will see tha price does not go outside these lines very often and most of the time price does not stay outside these lines for very long. I really played for a rebound on a bunch of pairs today and the tactic didnt work. Most of the time that trick will work but not today. So I have a losing day today. Clean the board and get ready for tomorrow.

[spillini]

AUD/JPY hit T/P along with my other new trades GBP/NZD & NZD/JPY. SGD/JPY still rolling toward limit. EUR/GBP was takin out and is the only bum in the bunch. Plus 28% this week....Best week ever with this system. Patience is all you need with this system, I dont understand how someone can blow an account while following the rules of this system.

Jim
.

After entering 4 pairs Sunday night:

EUR/GBP Long
AUD/JPY Short
EUR/CAD Long
EUR/AUD Long

I was drawn down quite a bit last night. Stuck to my Guns and I am now up 10%. Limits were hit on EUR/CAD & EUR/AUD at 1.3524 and 1.3541 respectively.

Still open on Aud/Jpy with T/P @ 95.56 AND eur/gbp @ 85.70 LOOKING FOR THAT 20% FOR THE WEEK.

BTW: Got stops pulled up so I can only go to +5% for the week....Im not stupid...LOL

Jim