10.4 A Complete System

[6y588]

I had a long EurAud too as was expecting it to break the 240MA, hit TP so I'm out now.

Btw, the stoch indicator shows that EurAud is on a long-term uptrend, despite price below MA line.

I guess I'm trying to say the MA line is a lagging indicator, hence take it with a pinch of salt.

[coolsnake]

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

you are right. it is breaking out into UT.

[nanningbob]

I had a long EurAud too as was expecting it to break the 240MA, hit TP so I'm out now.

Btw, the stoch indicator shows that EurAud is on a long-term uptrend, despite price below MA line.

I guess I'm trying to say the MA line is a lagging indicator, hence take it with a pinch of salt.

It is why I added the 60 or weekly trend. You can catch the reversal and not hang onto the sell or buy too long. I have been in the gbp/nzd reversal for its 300 pip run now and has the perfect 1, 2, 3 swing trade going on on the 4 H chart. If it breaks the 240 line also I will really catch this one for a long run. Getting close.

[nanningbob]

My eur/cad gbp/cad call earlier in the day are really paying off. This is going to be a good day for me.

[6y588]

It is why I added the 60 or weekly trend. You can catch the reversal and not hang onto the sell or buy too long. I have been in the gbp/nzd reversal for its 300 pip run now and has the perfect 1, 2, 3 swing trade going on on the 4 H chart. If it breaks the 240 line also I will really catch this one for a long run. Getting close.

Not saying that anything is wrong with your system as I learned a great deal from it (kudos to you).

Just saying that every indicator has its strengths and limitations and we should be aware of them. It took me a while to learn this.

Btw, I am still stuck on NB 10.5 as it is working for me with stoch and HA indicators. Is there anybody using NB 10.5?

Today was a good day with Gbp/Usd and Eur/Aud trades, but missed out on the Cad crosses.

[spotdespot]

I guess I'm trying to say the MA line is a lagging indicator, hence take it with a pinch of salt.

So is the stochastic and pretty much any other indicator out there. It doesn't mean they can't be helpful though.

[6y588]

I guess I'm trying to say the MA line is a lagging indicator, hence take it with a pinch of salt.

So is the stochastic and pretty much any other indicator out there. It doesn't mean they can't be helpful though.

Agreed. I think the only indicators without lag are the Jurik and Ehler's indicators. Have you used them? (Anyway another topic for another thread)

[tibochina]

Where can these be found?

[6y588]

Where can these be found?

Google should find it, but I don't think it's free. Just be careful of some cheaper imitations.

[tibochina]

I had a long EurAud too as was expecting it to break the 240MA, hit TP so I'm out now.

Btw, the stoch indicator shows that EurAud is on a long-term uptrend, despite price below MA line.

I guess I'm trying to say the MA line is a lagging indicator, hence take it with a pinch of salt.

It is why I added the 60 or weekly trend. You can catch the reversal and not hang onto the sell or buy too long. I have been in the gbp/nzd reversal for its 300 pip run now and has the perfect 1, 2, 3 swing trade going on on the 4 H chart. If it breaks the 240 line also I will really catch this one for a long run. Getting close.

Looking to the daily charts as you have suggested previously Bob, this trade is really setting up nicely. NZD angling down and GBP angling up on daily CSS, STOCH moving past 80 and price crossing the 240 back into the long term UT. I profited on the EUR/NZD, EUR,AUD and GBP/CAD trades this morning as well. "EDSEL" is doing his job very well indeed. Thanks for all of your efforts in perfecting it.