10.6 EDSEL

Post by **nanningbob** » Wed Apr 02, 2014 3:01 am

For those that didnt get the picture from several days ago but after 60 years Hu (WHO) made it to first base. Some of you will get it now.

Post by **nanningbob** » Wed Apr 02, 2014 6:26 am

I am going to try this for the fun of it, GBP/JPY buy TP in 30 or 60.

Post by **nanningbob** » Wed Apr 02, 2014 8:03 am

nanningbob » Wed Apr 02, 2014 2:26 pm wrote:I am going to try this for the fun of it, GBP/JPY buy TP in 30 or 60.

Got a signal to close trade at +12. My first scalp trade. hmmmmmmm

Post by **Gertje** » Wed Apr 02, 2014 9:55 am

nanningbob » Wed Apr 02, 2014 12:01 am wrote:I have begun my rewriting of my 10.4 booklet. It will include the 10.6 EDSEL and the newest update I have been calling 10.7. It includes everything from TP SL Muli-level trades range, trend both short and long term, and a more specific entrance and exit than we have had in the past. Getting the 60 MA tied with ATR was exactly what I was looking for and Milanese is working on a complete warning system that will call for entrances and exits. The exit will have two or three calls. A short term now or almost daily, a medium term that can last more than a day, and working on the long term. Let your winners run.

Basically we have come up with an indi that is quick and easy to read and you can use any kind of screen with it from naked to TMA to COG to 60MA with ATR or anything else but the overall chart screen becomes simplified. The CSS info page does not change. Each currency will have its own separate TP and SL range based on the ATR indi we just posted. If you dont use that you can use what you are already familiar with since you know how to work your personal indi.

I have also added lower TF trading so you can use this to scalp 15M charts, dont know 5M or 1M but I am sure someone will figure it out. I really like the looks of the 1H when its ranging and the 30 M when its trending very strongly and when price action is normal 4H (myfavorite) works fine. I have the booklet 1/3 written at this time and hope .............. maybe hope ................ I can finish it this weekend. I have had no DD this week with 15 wins and 1 loss and the loss came quickly because it catches the wrong turn quickly. I am having a good time and the 3 others that are testing it are too. It is getting there and we owe Milanese a million thanks for his contributions to programming the changes and making them 6xx compatible. The 240/60 MA dont change (except adding ATR) and CSS doesnt change. Specific places to enter and exit are there which is added to the STO7. In other words we are improving the STO7 reads and adding range and CT trades. I am really excited about this update.

Looking forward!!

Post by **Gertje** » Wed Apr 02, 2014 1:37 pm

Tough day, NZD weakness causing me some DD.
H1 CSS tells me the worst is over though....

jago25 · Post by **jago25** » Wed Apr 02, 2014 2:04 pm

Yes, I think swap, along with volume is the most overlooked thing ever.

rocketman99 » Wed Apr 02, 2014 12:05 am wrote:I have some observations to make from the recent discussions about grids, swap and some of the trades discussed.

A mention was made about GBPCAD and EURCAD. The suggestion was to go short. I decided to zoom out to the weekly chart and noticed that going short on these pairs shows they are in a multiyear strong uptrend. With my luck going against the trend will get me stopped out.

This led me to a thought about what Bob said about grids! I checked all the long term trends (weekly/monthly) and noticed that suprisingly a number of the pairs have strong trends in the direction of the positive swap. So why not just use Bob's teachings and grid up in the direction of the very long term trend and positive swap? This is low risk - you just need to be able to stomach the drawdown and not get a margin call (only 0.01 lotsize). Also there is no hedging so this will work for US traders too.

Here is a list of all the pairs with positive or zero swap in direction of the long term trend:

EURJPY - strong up
GBPUSD - strong up
NZDUSD - strong up
USDJPY - strong up
GBPJPY - strong up
NZDJPY - strong up
NZDCAD - strong up
AUDCAD - mixed, uptrend
EURNZD - mixed, downtrend
GBPCHF - ranging, positive swap
NZDCHF - ranging, positive swap
GBPNZD - ranging, negative swap - getting to bottom of cycle

So I have started an experiment to see how long I can take the stress of holding on into the trend. Lets hope it works out.

Post by **art** » Wed Apr 02, 2014 5:17 pm

hi guys not been around much today, still made a few pips though, these atr channels all new to me, loaded the settings on a chart, not sure how to use it, and what is COG? bob makes reference to, anyway i'm sure all will be revealed in due course, has anyone got the endsel template with swap levels and price, only mine seem to be missing on my charts, cheers

Post by **Jollyroger** » Wed Apr 02, 2014 5:33 pm

COG is Center of gravity

Post by **Pipstubborn** » Wed Apr 02, 2014 5:36 pm

Hi guys, I'm kind of lost.... can some one point me or post the indi that have the 3 ATR settings that Bob is talking about for entries and exits? TIA

Post by **Gertje** » Wed Apr 02, 2014 5:53 pm

Pipstubborn » Wed Apr 02, 2014 5:36 pm wrote:Hi guys, I'm kind of lost.... can some one point me or post the indi that have the 3 ATR settings that Bob is talking about for entries and exits? TIA

http://www.stevehopwoodforex.com/phpBB3 ... 100#p89305

And for the settings;
http://www.stevehopwoodforex.com/phpBB3 ... 100#p89315