10.4 A Complete System

[nanningbob]

There really are pink elephants, just in case you didnt know.

[kwchau]

Thank you so much Bob for sharing this wonderful 10.6 system. Your act of generosity is something that we all should follow, you're a great man !

In the last week or so, I have been manually trading quite consistently based on 10.6 using breakout of the 13/30/60 MA and the next xx.00 or xx.50 line. I wonder if Steve or one of coding gurus here could make a small amendment to the 15/30/60 EA to take trade only when the next xx.00 or xx.50 is reached after clearing all 3 MA.

I hope I have made myself clear on the requested addition to the EA and thank you in advance for the help.

[BlackStack]

Better yet how about the Loonie. Canadians how in the world did you come up with a name like that??? Maybe you are the only country in the world who are honest about your money.

The Loon is a beautiful bird which is pictured on the back of the $1 Canadian currency coin. Hence the name Loonie comes from the coin. The $2 coin has been dubbed the twonie, though it has various things on the back. There may be a $5 coin coming.

http://en.wikipedia.org/wiki/Loon

[blazko]

Bob, one quick question since I was away since 10.3

To start off with 10.6 and catch up i need two 10.4 manuals covered and your newest pack from page 663, right?

Thank you

The last post on page 662 asked a key question. Would I take this trade? I think I used 2 or 3 posts to answer the question and will give the simple basics. If you read the manuals which get into the meat of the system. Just remember that STO7 replaces what the RSI2 and CSS did on the individual charts. The INFO page reads remain the same. Instead of Weekly Support and Resistance areas we now use the xxx.00 lines along with Weekly Pivot and Daily pivot to enter the trade with the STO 7 signal. The STO 7 will tell you if the signal is a trend signal or counter trend signal. The 60 MA gives you a reference point of about where reentering the trends should take place. That is it in a very short nutshell.

Thanks a lot Bob!
I think I wrapped my head around it - been looking at the same trades you mentioned as potentials.
Have a good ride and luck with the elephant

[tibochina]

There is a big elephant in the room this week in our FOREX glass house. Tuesday night the President of the USA will speak to the Nation and lay out his arguments for an attack on Syria. Congress will then debate and either approve or disapprove the move probably Wednesday. Big elephants, major fundamental changes in behaviour, are not predicted by indicators or candle patterns. If what ever happens fits your system it is not the system you were just lucky this time. If the USA Congress approves it will cause the market to move. If the USA congress doesnt it will cause the markets to move the other way, probably even more. If the Congress doesnt approve and the President goes ahead anyway, that will really move the markets in ways you probably havent seen since OCT. 2008.

If you want to trade this type of action I recommend you lower your lots sizes. If you get the big moves you will still make good money. If you dont get the big moves you can limit your losses so you dont damage your account. I wish I knew what was going to happen so I could profit from it but alas I dont.

I have said this before and I will say it again, big news and/or Macro fundamentals will trump any indi. If the news is big ignore the indicators and go for the ride. It is really exciting when you grab the coat tails and your on the winning side for a change. Time for bed for me, catch you all tomorrow.

Thanks Bob, for all of your hard work on modifying the 10.0 series to adapt to the quickly changing world we are living in. This latest version is very clean and straightforward. As you point out the coming week may not really give us a good read on how effective 10.6 will be but when the dust settles I can see it working well for us. Again, your efforts are greatly appreciated.

[nanningbob]

css read for today. Pound, dollar, aud on top and chf, nzd, cad, jpy on bottom all knotted up.

Dang read. AUD and NZD being on opposite sides is not normal. So let us see how this all shakes out. Market gives you some profit grab it for it looks like they are going to muddle in the puddle. A gap in the eur/jpy gave me 35 pips this morning so off and running.

[tibochina]

Bob a quick question about the EA's. In putting these on the charts can a buy and a sell be put on a chart simultaneously or is this to be used in lieu of setting a pending trade.? I want to test this on my Cowboy IBFX demo to get comfortable with it.

[James Roscoe]

css read for today. Pound, dollar, aud on top and chf, nzd, cad, jpy on bottom all knotted up.

Dang read. AUD and NZD being on opposite sides is not normal. So let us see how this all shakes out. Market gives you some profit grab it for it looks like they are going to muddle in the puddle. A gap in the eur/jpy gave me 35 pips this morning so off and running.

Hi Bob. This is my first post here. I too have noticed that normal correlations are breaking down. This usually portends a serious market shock. What are your thoughts?

[viper77]

JPY pairs had a big gap at the open (about 100 pips for GBPJPY)... almost 4 levels from 240 now, would you still go long after that?
You said "This trade has a potential of a couple of hundred pips" so i went ahead and set a pending at next x.0.50 line anyway, that would be 156.50, a whole blue line was far away so...
Thanks.

gbp/jpy since jpy bond sales still going on the jpy should continue to weaken this week.

1. price above the 240
2. retraced back to the 60
3. STO 7 starting its pin on the bottom.

Wait for signal and take it for a ride. This trade has a potential of a couple of hundred pips during the week so I like this one.

[nanningbob]

Bob a quick question about the EA's. In putting these on the charts can a buy and a sell be put on a chart simultaneously or is this to be used in lieu of setting a pending trade.? I want to test this on my Cowboy Cowboy IBFX demo to get comfortable with it.

You cant put 2 eas on one screen but you can have 2 screens with one of each on it. If you have a broker that allows hedging you need two different magic numbers to work both directions.