10.6 EDSEL

[James Roscoe]

I also believe that this system will benefit greatly from this addition to the degree that I am willing to buy the coder a dinner....20 bucks to paypal? That's a good steak dinner. ( No one should be asked to work for free)

How about a pledge to Bob's charity? Anyone?

[jago25]

I read that the system can't be fully automated... but I don't really fully understand why... news? Harmonic patterns? Anything else?

Anyone else find it slow to find the chart you want looking through this lot? I wonder if it's possible to get an double green light alert from the dashboard to open the right chart, load the 10.6 template...


Did anyone catch the counter-trend drop on EURUSD today to the full?

I run a spreadbetting FXCM account because it's tax free for me (20% capital gains tax saved). But the spread isn't so good... -3 pips before doing anything on GBPUSD today... makes it more risky on smaller timeframes. Just wondering, has anyone moved over to globalprime from to FXCM? How did you find it?

Just waiting for the stoch on this one:

[jago25]

Missing loads of trades at the moment. Can't seem to get there to see the 15H scale work. Watch out folks, loads of opportunities on GBP strength

[nanningbob]

The NZD story yesterday brought most NZD pairs back to the 60 MA and range area. We will see if it continues the push into positive trend territory or if it will range.

[harry]

Hi Guys,

Thanks to bob, steve and other fellow members...

Exact 24 hours account history...

profit 3.12.jpg

Note:- I am using trailing stop where you see red color because at those times i was not on desk but they are all positive...

GBPAUD trade was pending on friday and then it triggered around friday evening. It went in 14 pips negative then when trading started on monday morning it started with 40 pips negative. Around in hour time it recovered and went in 6 pips positive. But it didnt stayed longer and went in negative. It went all the way again 40 pips. I checked the signals and i placed one more gbpaud buy trade there. Then it continues to 20 pips down so the first one is on 60 pips negative and second one was 20 pips. I checked the signals and placed one more buy trade. And it went 10 pips more down and i placed 4th gbpaud trade and it started going north and i have started making profit. My aim was to recover loss so i closed the 4th one when it went to 35 pips positive and the rest one by one. I could have made more then 100 pips but in total i made around 70 pips and they all were positive.

Also in my other broker account i had eurjpy and it went 30 pips negative and i placed one more pending order when the first one goes to 40 pips negative. Later yesterday evening it triggered and then it started recovering so i made almost 60 pips on both trade....

Good experience on both pairs.

Yesterday alone i made roughly 192 pips...My first day in trading when i made this many pips. And the best thing is i am in trading since 1 month 20 days....

I have read and advice by gurus in different forums that you cant make money in forex until you spend some months and years and i was demotivated. I was thinking like if that is the case then i have to continue my work and do trading in my spare time....

BUT! yes, i have done it because of only and only BOB and STEVE and really helpful other fellow members....

I am not 100% yet but i will get more experience while i am making money and one day i will be able to help the new fellow members to return to the community...

Thanks Guys

[harry]

Alright then what i did...

Reading BOB's post in the begining which is introducing 10.6 and how it works...I have made some notes for me which i am sharing here with other members. Also it will benefit me if i am making small or big mistake any where...

Type - 1 But Trade - 10.4

1. H4 bar green
2. STO7 crossing 20 and then 40 - Alerts will be given by system
3. Set buy trade at DP(Daily Pivot) OR xxx.00 OR xxx.050 OR 15MA(1H Chart)
4. TP target xxx.00 OR xxx.050
5. SL at 240 OR 60 OR last swing low or xxx.00 or xxx.050

Type - 2 Sell Trade - 10.4

1. H4 bar red
2. STO7 crossing 80 and then 60 - Alerts will be given by system
3. Set sell trade at DP(Daily Pivot) OR xxx.00 OR xxx.050 OR 15MA(1H Chart)
4. TP target xxx.00 OR xxx.050
5. SL at 240 OR 60 OR last swing high or xxx.00 or xxx.050

Type - 3 Sell Trade - 10.6 - No STO7 signal

1. H4 & H1 both bars are red
2. Price not touching DP meaning its strong DT
3. H1 is in action - price between 15MA & 60MA
4. Follow STO7 signals
5. Enter at xxx.00 OR xxx.050 OR DP OR 15MA
6. SL can be 1H60MA OR 1H240MA

Type - 4 Buy Trade - 10.6 - No STO7 Signal

1. H4 & H1 both bars are green
2. H1 is in action - price between 15MA & 60MA
3. Follow STO7 on 1H chart
4. Enter at xxx.00 OR xxx.050 OR DP OR 15MA
5. TP are xxx.00 OR xxx.050
6. SL can be 1H60MA OR 1H240MA

Type - 5 Range Trade - 10.6

1. Bar is olive OR Golden
2. Ignore 4H & 1H bars
3. Mark last swing high & low in H4. That is the range.
4. Go to 1H chart and follow STO7 signals

Okay guys....I have concluded something like this and if i am wrong some where or missing something plz advice or newbies can follow the short like this and they should be successful.

Thanks

[orid]

Bobs method , is very strong , my trades for monday small tp targets but no loss and well 100 + pips , fantastic , so easy couple more weeks in profit and i will go live.
Regards Peter

strong.JPG

[nanningbob]

Alright then what i did...

Reading BOB's post in the begining which is introducing 10.6 and how it works...I have made some notes for me which i am sharing here with other members. Also it will benefit me if i am making small or big mistake any where...

Type - 1 But Trade - 10.4

1. H4 bar green
2. STO7 crossing 20 and then 40 - Alerts will be given by system
3. Set buy trade at DP(Daily Pivot) OR xxx.00 OR xxx.050 OR 15MA(1H Chart)
4. TP target xxx.00 OR xxx.050
5. SL at 240 OR 60 OR last swing low or xxx.00 or xxx.050

Type - 2 Sell Trade - 10.4

1. H4 bar red
2. STO7 crossing 80 and then 60 - Alerts will be given by system
3. Set sell trade at DP(Daily Pivot) OR xxx.00 OR xxx.050 OR 15MA(1H Chart)
4. TP target xxx.00 OR xxx.050
5. SL at 240 OR 60 OR last swing high or xxx.00 or xxx.050

Type - 3 Sell Trade - 10.6 - No STO7 signal

1. H4 & H1 both bars are red
2. Price not touching DP meaning its strong DT
3. H1 is in action - price between 15MA & 60MA
4. Follow STO7 signals
5. Enter at xxx.00 OR xxx.050 OR DP OR 15MA
6. SL can be 1H60MA OR 1H240MA

Type - 4 Buy Trade - 10.6 - No STO7 Signal

1. H4 & H1 both bars are green
2. H1 is in action - price between 15MA & 60MA
3. Follow STO7 on 1H chart
4. Enter at xxx.00 OR xxx.050 OR DP OR 15MA
5. TP are xxx.00 OR xxx.050
6. SL can be 1H60MA OR 1H240MA

Type - 5 Range Trade - 10.6

1. Bar is olive OR Golden
2. Ignore 4H & 1H bars
3. Mark last swing high & low in H4. That is the range.
4. Go to 1H chart and follow STO7 signals

Okay guys....I have concluded something like this and if i am wrong some where or missing something plz advice or newbies can follow the short like this and they should be successful.

Thanks

You have it right except the 10.4 buy and sell trades. One small error you mention the 15MA. I usually dont use the 15 MA with 10.4 trades. You could but you normally I wont be looking at the 1H chart. 10.4 are usually traded on the 4H chart and I am looking to cross back into the trend using the DP line.

10.6 price wont retrace back across the DP line so then I use the 15 MA line on the 1H to get back in. I use the STO7 on the 1H because I probably wont get a deep enough retrace on it on the 4H to get back in.
10.4 price will retrace back across the DP line so I use that over the 15 MA line on the 1H. Price will retrace enough to use the STO7 on the 4H.

That is the difference in using the different indies. Good summary with the rest though.

[nanningbob]

There is a lot of writing going on about the Japanese being unhappy that the JPY has not been depreciating enough since its run earlier in the year. With the lighter volume of December I believe you can expect the JPY to make a sell run. That also means I expect the aud and the nzd to increase, especially the nzd. So I am looking for JPY sells and nzd buys for the month. So be wise, pick your spots and enter. They could go on a nice run this month. Here is the NZD/JPY which just broke its last swing highs of the last 3 weeks and the last 3 months. I show both the 4H and Daily charts.

DOUBLE GREEN BAR SO LOOKING TO GET IN.

[fok]

We know that stuff ...

Trading the Strong and the Weak.

http://www.dailyfx.com/forex/education/ ... _Weak.html