10.4 A Complete System

[nanningbob]

SL and TP screen look like this. I made them two separate screens to keep the screens clean. I suppose you could just add the DP to the SL screen and trade off of one but I let that be your choice.

[nanningbob]

I think I have greatly enhanced trading by getting rid of the Empty4 grid prices and just use xxx.00 lines. I think you will see price action much better this way and how it reacts to those lines. I also notice that many times if price doesnt make it to a xx.00 line it will break back through and move the 100 pips to the next line. At some point I will figure it out when and where to trade that but if price is just above the line and sto is pinning above the 80 putting a trade at the blue line looking for the break back maybe a very good trade. We will see.

[nanningbob]

Here is the USD/CAD daily chart with the 15 MA line. Just look at how price action moves right to those lines and reacts or breaks through. You can put this on any pair and you can see the action move around these numbers xxx.00

[nanningbob]

You want to play picking tops and bottoms, go to the xxx.00 lines you have your best chances right there. That alone should save you a ton of money.

[nanningbob]

aud/usd daily. How is this for consistency for the last months. The rallies in the DT went to the xxx.00 almost every time.

[nanningbob]

Just for the fun of it, how about eur/jpy

[nanningbob]

In case you were ever curious about how volatile 2008 was here is the eur/jpy in 2013 and back in 2008. Notice how close the 100 lines were back then. Just in case any of you want to go back to the truly volatile days. They tried men's souls and I learned the hard lesson of trading small the hard way. You could wipe out an account in a matter of hours back then.

[MrLong]

You could wipe out an account in a matter of hours back then

Still can today!

[fx800]

Thank you, Bob.

[elljay58]

Thank you Bob, i have just stumbled upon your thread, (well to be honest Steve's site about a week ago).
I am very impressed with your work.

Les