10.4 A Complete System

[pgd]

hi bob,

I was studying CSS on EDSEL.

Re. the marked eurjpy h1 short entry below 132.00 :

would it have been a legit entry looking to the fact that:

[1] CSS was in the green.
[2] price had started making higher highs and higher lows.

pl comment also on the validity of using CSS on EDSEL.

thanks.

The CSS went yellow confirming entry point but I dont use CSS on individual charts I use STO 7. Much easier to read and faster on the draw.

bob,

[1]
my chart posted above shows green css at the point of entry.
it turned yellow only at the close of the next hourly candle.

[2]
please also comment on price making higher high and higher low.
would that not be dissuasive to taking short trades?

thanks.

Price also broke through the 60 and 240 and came back to retest those lines. It bounced and became a good trade. you are looking at the wrong higher highs and lower lows here is a better pic of the channel it is in the highs are getting lower and lowers are getting lower.

bob,

that helped.
that channel's so clear on the h4.
didn't notice it on h1.

thanks.

[nanningbob]

Looking at the eur/jpy again. I closed at 25 pips yesterday even though it went almost 40. Popping out and retracing seems to be the order of the day. Anyway on the 1H it is set up again to reenter for another try.

[tibochina]

Looking at the eur/jpy again. I closed at 25 pips yesterday even though it went almost 40. Popping out and retracing seems to be the order of the day. Anyway on the 1H it is set up again to reenter for another try.

CAD/JPY with a similar H1 setup.

[nanningbob]

I just noticed that JPY bond auction in 45 minutes. May see some JPY weakening. I will see what happens.

[nanningbob]

Can anyone take the dummy lights and add a second color bar. I want to base it on trades for the 1H chart. For example:

price below 60 and 240 Maroon.
#price below 240 and above 60 red STO7 > 80. REENTER BUY TREND SETUP
Price above 60 and 240 Dark Green
#Price above 240 but below 60 STO7 < 20 REENTER BUY TREND SETUP

Just being lazy, a true dummy light system.

Then you can look at your charts and know instantly a setup is at hand.

[The_Snowman]

That's it, no more EURJPY until 4H MA cross up and get signal on 1H

Should pay more attention to DAILY

[Anthar]

I wanted to share another trade with you guys, this time it's a EURNZD trade. Mainly supporting on what the CSS shows, but also some other indicators as the range we're currently in and the touch of the MA. This might be consistent with range trading for 10.6.

[Anthar]

So that last EURNZD played out pretty well, for around +50 pips.
Now, I've seen Bob uses the next STO7 levels for reentries, so I guess we could set up a pending short below Daily Pivot. Let's see if we can get more out of this movement.

[sijeeva]

My first post
Thanks for the great system bob
A classic todays trade on aj 80+ pips :-

[nanningbob]

My first post
Thanks for the great system bob
A classic todays trade on aj 80+ pips :-

I have been in a grab any profit I see mood all month. Price is just popping and then retreating so I grab and run. It makes it a slow and grinding grow slope but it is growing. The other thing I do is if I set a trade and it goes negative and then gets anywhere near BE I also close. This keeps me from taking quite a few SL hits. Get between 1/3-1/2% increase a day but I will take that while this whole mess is being played out. Up 4% for the month but it is a grind it out affair.