10.4/10.5 trades only

[Foreverforex]

my trades so far this week. Stopped trading over summer due to work and lagging market. Will try to post trades when pending, just depends on my schedule.

trades081413.jpg

[art]

hi guys my first post here, although i do frequent bobs forum, are you guys using the 1 hour chart, ie jems system, waiting for the 4 hour to pin, this time of the year peek holiday time, trading off the 4 hour can be tough going, anyway your thoughts cheers

[Foreverforex]

Hi Art,

what you're referring to is Bob's 10.5 system - wait for indicator to pin on 4 hour, then go down to 1 hour chart to place the trade as currency pairs start to cross on the 1 hr. A more refined methodology.

[art]

Hi forex, that's correct, what I'm doing is looking at the dashboard to see what pairs are pinned on the 4 hour, then look at the 1 hour and wait for the CSS to change to the required colour, and hopefully the trade reaches the first line then take profit, I'm finding at the moment very few trades lining up on the dashboard, as the markets are tricky at this time , is anyone doing any scalping on the 5 minute using the CSS? Your thoughts, cheers

[mjws00]

I find the 5 and 15 minute overview CSS to be pretty interesting to scalp with. When scalping you can focus, so I leave GBP, EUR, JPY, AUD ... and there is much less clutter. If you start looking for the pairs that are slammed to the outside, and have just started to retrace to the center, you can have a nice leading indicator. That shows exactly where the best action is.

I find CSS single on a 5 min chart has about the same noise as a reasonably tight EMA (12-20ish). It lags and whipsaws in the same fashion. The changes in individual currency strength are not nearly as reliable or easy to read. Maybe someone else has found a use on 1 and 5 min but my trials were lackluster, on 15 min and up, it is pretty decent. I use it on 15 min for setups, but maybe a STOCH, PA, or something else for a trigger.

Good luck. A little nimbleness is necessary right now as there seems to be little follow through with any significant moves. Tough for trend catchers and spikey for scalpers. There are still nice ranges, swings, and turns.

Mike

[Foreverforex]

pending trades tonight.

pendings.jpg

[fridayStreet]

pending trades tonight.

pendings.jpg

Looking at the same pairs, although I have the H1 css color change script running the gbpcad instead of a pending. Also already in the audnzd and almost at level 1 profit after the bounce off WP. Again got in off the H1, possibly a little premature maybe.

2013-08-19_1534.png

Update:

managed to pull about 172 pips yesterday. Closed the audnzd just over BE at around 11pm (GMT+8) before I went to bed as per Bob's trading plan. Which proved to be a good move as it's reversed back to WP. Although Should have aimed for the WMS1 in these conditions. Looks like it's run out of steam and is on it's way back up.

2013-08-20_1004.png

[Foreverforex]

Nicely done! I only gathered 58 pips. Playing very conservatively in this market - point to mid point - only one level. I'm not able to monitor my trades due to day job, so only setting what I can set and forget. Will go back to multiple levels once markets pickup.

[fridayStreet]

Around 65 pip DD on this since the end of last week, but she's finally looking like she might be coming good. Should at least hit the first DS target. Will keep Jemook's H1 close on colour change in mind. If it goes bck to green I'll close it out.

2013-08-20_1431.png

[art]

hi guys, any comments on this trade, i went long yesterday on the 1 hour, when the colour turned green, you can see on the chart where i took the trade, the 4 hour was pinned at the bottom, but you can see what happened, still sitting on it, although its now under the 240, i know i broke the rules by not getting out when the colour changed, but we've all done that i'm sure, its a pair i don't normally trade