10.4 A Complete System

[nanningbob]

Not a particularly great day. Just picked up a half dozen small trades. 31 pips on the chf/jpy was my biggest. But they all added up to .4% increase of my account or 156 pips total. I had a gbp/cad trade at 40+ and thought I would let at least one trade run and it went back down and I lost those pips. After that I just pocketed wins if they popped up no matter how big or small. I am glad I did because each one retraced back.

Daily CSS show eur, chf, and jpy going up cad, aud, nzd angling down. I like the eur/cad and gbp/cad setups the best so will look at those today.

4H CSS showing things are flattening but eur, chf, gbp on top and aud, cad, nzd on the bottom so will play the euro gbp to strengthen and the commodity currencies to weakness. See how Friday goes. I am just over 3% for the week but most of that was from Tuesdays NZD runs. Have fun.

[pgd]

Not a particularly great day. Just picked up a half dozen small trades. 31 pips on the chf/jpy was my biggest. But they all added up to .4% increase of my account or 156 pips total. I had a gbp/cad trade at 40+ and thought I would let at least one trade run and it went back down and I lost those pips. After that I just pocketed wins if they popped up no matter how big or small. I am glad I did because each one retraced back.

Daily CSS show eur, chf, and jpy going up cad, aud, nzd angling down. I like the eur/cad and gbp/cad setups the best so will look at those today.

4H CSS showing things are flattening but eur, chf, gbp on top and aud, cad, nzd on the bottom so will play the euro gbp to strengthen and the commodity currencies to weakness. See how Friday goes. I am just over 3% for the week but most of that was from Tuesdays NZD runs. Have fun.

Hi NB,

This is my 1st post on this forum.
I have been reading your selfless and tireless contributions with interest and admiration.
my compliments and gratitude.

re. eurcad and gbpcad:

have you placed pending orders above the DP for both these pairs?

thanks.

[nanningbob]

Not a particularly great day. Just picked up a half dozen small trades. 31 pips on the chf/jpy was my biggest. But they all added up to .4% increase of my account or 156 pips total. I had a gbp/cad trade at 40+ and thought I would let at least one trade run and it went back down and I lost those pips. After that I just pocketed wins if they popped up no matter how big or small. I am glad I did because each one retraced back.

Daily CSS show eur, chf, and jpy going up cad, aud, nzd angling down. I like the eur/cad and gbp/cad setups the best so will look at those today.

4H CSS showing things are flattening but eur, chf, gbp on top and aud, cad, nzd on the bottom so will play the euro gbp to strengthen and the commodity currencies to weakness. See how Friday goes. I am just over 3% for the week but most of that was from Tuesdays NZD runs. Have fun.

Hi NB,

This is my 1st post on this forum.
I have been reading your selfless and tireless contributions with interest and admiration.
my compliments and gratitude.

re. eurcad and gbpcad:

have you placed pending orders above the DP for both these pairs?

thanks.

Yes, however on the eur/cad I used yesterdays DP since it is slightly higher than today's pivot.

[nanningbob]

http://www.bloomberg.com/news/2013-09-2 ... redit.html

Does anyone know what a quadrillion is?? Complain about the USA all you want but it is no where near this. We are heading there if we dont get some common sense but sheesh. 50% of tax revenue goes to paying interest on a quadrillion of debt. I wonder who in the world has a quadrillion YEN to loan Japan so it can pay off its debt?? I bet Bernanke could.

Before sweeping to power in December elections, Prime Minister Shinzo Abe’s Liberal Democratic Party outlined in 2011 a plan known as the X-day project to fend off a potential bond crash. Public debt totaled 924.4 trillion yen ($9.34 trillion) that year and has ballooned to more than one quadrillion yen, more than twice Japan’s gross domestic product, the highest ratio globally. Abe is set to decide on Oct. 1 whether to raise the 5 percent consumption levy.

The International Monetary Fund estimates Japan’s debt will grow to 245 percent of GDP this year. The nation will spend 22.2 trillion yen servicing its debt in the fiscal year begun in April, accounting for more than half of total tax revenue and occupying about 24 percent of the government’s budget, according to Finance Ministry estimates in January.

[milanese]

...
Does anyone know what a quadrillion is?? Complain about the USA all you want but it is no where near this. We are heading there if we dont get some common sense but sheesh. 50% of tax revenue goes to paying interest on a quadrillion of debt. I wonder who in the world has a quadrillion YEN to loan Japan so it can pay off its debt?? I bet Bernanke could.

Hi Bob,

here is a webside that explains ithttp://www.quadrillion.com/number.shtm, it is really much

Cheers

Tommaso

[nanningbob]

OK this is cool. Here is a picture of 1 quadrillion pennies stacked next to some famous buildings. Wonder if there is enough copper in the world to make a quadrillion pennies. Imagine how many boats it would take to transport them to Japan so they could deposit them in the BOJ and pay off the debt. Imagine the look on the tellers face when they dropped them off. Wonder if they build enough vaults to hold that many pennies? Wonder if a computer has enough bits and bites of memory to store that number of pennies on a hard drive? Wonder how many disks a quadrillion pennies would take up if you digitized the pennies? Sheesh I like that number. QUADRILLION, .............. h mmmmmmmmmmmmmmm think I will say it again ............ QUADRILLION ............

[nanningbob]

I am playing a buy at the eur/aud 240 line. Expecting a break up into an UT there.

[Nidolap]

I am playing a buy at the eur/aud 240 line. Expecting a break up into an UT there.

I'm short on EURAUD so I really hope you're wrong about this one

This has been a key area of S/R, it may break or bounce, hope it bounces but the CSS tells us that the breaking makes sense, so you're probably right.

euraud.png

[blazko]

I am playing a buy at the eur/aud 240 line. Expecting a break up into an UT there.

Did the same thing.
SL on red "trend line" for starters...

2013-09-27 10-26-08.jpg

[nanningbob]

I am playing a buy at the eur/aud 240 line. Expecting a break up into an UT there.

I'm short on EURAUD so I really hope you're wrong about this one

This has been a key area of S/R, it may break or bounce, hope it bounces but the CSS tells us that the breaking makes sense, so you're probably right.

euraud.png

Breaking the 240 also means breaking its previous highs so it is a good entrance location for buys, last ditch exits for sells.