10.4 A Complete System

[Anthar]

Bob, I hope you and the Mrs. enjoy the adventure. Looks like a deal will be struck in the next couple of days in Washington to hopefully give the markets some clear cut direction. A sad state of affairs is the U.S. government. Got some 10-20 pip winners off of the AUD & NZD pairs yesterday. Could have had a lot more as 9 pairs ran for close to 1000 pips from the DP but present market conditions convinced me they would NOT run. Such is the life of a trader......

Well, at least you spotted them, I only spotted setups on AUDCAD and EURCHF, both winners. But if you don't mind me asking, at what time do you check the market for setups? maybe I'll give it a try at that same time. I'm uploading both of the setups I mentioned.

[Anthar]

Hi Bob and everyone else!

I'm writing this post to ask for a little help from you, as Bob uses to say the peak movement on some market is about half time session. The help I'd like to ask is to identify when those half time sessions happens on the 24 trading markets. Is EURJPY a London time or Asian time? Or both?

This trading method is by far the most comprehensive one I've ever seen, it gives me amazing pips on trending periods mas it is in the ranging areas that I get more hits, and this should be improved by closing those trades that go on green, but honestly this is still a little difficult for me to identify...

But we are here for the marathon and not for the 100 mts, so it is a matter of time to master these things.

Regards!

Well if you don't mind me taking this question, I think what Bob meant was exactly that, half time sessions. You know, this is a 24 hr market, but it is composed of 4 main sessions that go along with the main markets around the world. Sydney, Tokyo, London and New York. And it is half time of this sessions what Bob referred to. You can find when this sessions happen in almost every forex related community.

[tibochina]

I'm on the east coast of the US and I begin monitoring at the EUR open at 4:00 AM and through the morning during the US session. I then come back and look for setups during the Sydney and Tokyo opens. Bottom line on these trades was classic Bob setting pendings above/below DP and if price crosses you are in. If not, no trade. In this case these were classic 10.XXX trades, I just didn't let them run setting TP at no more than 30 pips with a trailing stop set at 15. I may have been guilty of paying too much attention to the dummy lights which are not perfected as Bob mentioned. Hope this helps....

[tibochina]

Bob, I hope you and the Mrs. enjoy the adventure. Looks like a deal will be struck in the next couple of days in Washington to hopefully give the markets some clear cut direction. A sad state of affairs is the U.S. government. Got some 10-20 pip winners off of the AUD & NZD pairs yesterday. Could have had a lot more as 9 pairs ran for close to 1000 pips from the DP but present market conditions convinced me they would NOT run. Such is the life of a trader......

Well, at least you spotted them, I only spotted setups on AUDCAD and EURCHF, both winners. But if you don't mind me asking, at what time do you check the market for setups? maybe I'll give it a try at that same time. I'm uploading both of the setups I mentioned.

By the way the templates you posted are not what I am using. I'm running the newer test version Bob posted on page 713. The dummy lights are NOT perfected but the template is more to my liking. Switching to the daily time frame you will see the daily CSS for the pair as well as the 10MA which I find very helpful.

[Anthar]

Bob, I hope you and the Mrs. enjoy the adventure. Looks like a deal will be struck in the next couple of days in Washington to hopefully give the markets some clear cut direction. A sad state of affairs is the U.S. government. Got some 10-20 pip winners off of the AUD & NZD pairs yesterday. Could have had a lot more as 9 pairs ran for close to 1000 pips from the DP but present market conditions convinced me they would NOT run. Such is the life of a trader......

Well, at least you spotted them, I only spotted setups on AUDCAD and EURCHF, both winners. But if you don't mind me asking, at what time do you check the market for setups? maybe I'll give it a try at that same time. I'm uploading both of the setups I mentioned.

By the way the templates you posted are not what I am using. I'm running the newer test version Bob posted on page 713. The dummy lights are NOT perfected but the template is more to my liking. Switching to the daily time frame you will see the daily CSS for the pair as well as the 10MA which I find very helpful.

Great! thanks for your input, it always helps as I'm trying to figure out the best hours to check for setups, as of this moment I can't find anything, so maybe comeback at Tokyo opening. I will switch to the new template, didn't want to do it, 'till it got perfected, but I don't use the dummy lights exclusively so I can take advantage of the other improvements while those get fixed. Thanks tibo.

[Nidolap]

Hi Bob and everyone else!

I'm writing this post to ask for a little help from you, as Bob uses to say the peak movement on some market is about half time session. The help I'd like to ask is to identify when those half time sessions happens on the 24 trading markets. Is EURJPY a London time or Asian time? Or both?

This trading method is by far the most comprehensive one I've ever seen, it gives me amazing pips on trending periods mas it is in the ranging areas that I get more hits, and this should be improved by closing those trades that go on green, but honestly this is still a little difficult for me to identify...

But we are here for the marathon and not for the 100 mts, so it is a matter of time to master these things.

Regards!

Well if you don't mind me taking this question, I think what Bob meant was exactly that, half time sessions. You know, this is a 24 hr market, but it is composed of 4 main sessions that go along with the main markets around the world. Sydney, Tokyo, London and New York. And it is half time of this sessions what Bob referred to. You can find when this sessions happen in almost every forex related community.

Thanks for your answer...I believe that we can tweak this with the new indicator, and change our TP limits accordingly to the 1H/4H colors.

Let's see how it goes.

[garyfritz]

I'm on the east coast of the US and I begin monitoring at the EUR open at 4:00 AM and through the morning during the US session. I then come back and look for setups during the Sydney and Tokyo opens.

4am ET is 2am for me -- not very workable. How do you find the markets from about 9am-9pm ET? I'm not trading 10.x actively but I've wondered if I can make it work during US daylight hours.

[tibochina]

One of the advantages of trading the 10.XXX series is trading the H4 time frame you can set pending trades whenever it is convenient for you to view the charts. Bob has stated that he spends 15 minutes or less reviewing his charts 4-5 times per day and sets his pending trades based on what the charts are showing him. Ideally you wouldn't need to sit in front of the charts no matter what time zone you are in.

[garyfritz]

That was my hope. But if the best setups happen during late Asia session and trigger orders in early Euro session (midnight-5am my time), that's still hard to hit...

When (if?) my schedule settles down a bit, and Bob gets Edsel finalized, I'll give it a go and see how it works for me.

[rostaus]

One of the advantages of trading the 10.XXX series is trading the H4 time frame you can set pending trades whenever it is convenient for you to view the charts. Bob has stated that he spends 15 minutes or less reviewing his charts 4-5 times per day and sets his pending trades based on what the charts are showing him. Ideally you wouldn't need to sit in front of the charts no matter what time zone you are in.

Hi tibochina, I've heard mention of setting pending trades but how can you set pendings when you don't know when the stoch wil cross the 20 or 80 and evoke a 10.6 trade?