10.9 DAILY/WEEKLY TRADES ONLY

Post by **art** » Thu May 08, 2014 6:46 pm

Remember you, I spoke to him as well, bloody noise in the pub

Post by **art** » Thu May 08, 2014 6:52 pm

Bold trader,realise after reading your posts how little I know, I notice you still use the dummy lights

Post by **nanningbob** » Fri May 09, 2014 2:58 am

art » Fri May 09, 2014 2:52 am wrote:Bold trader,realise after reading your posts how little I know, I notice you still use the dummy lights

Actually we could rearrange the dummy lights to 10.7 or 10.9
10.9 monthly weekly on top green Sto 7 below 10 bright green below 30 different green
monthly weekly on bottom red sto 7 above 90 bright red above 70 a different red
Anything else could be goldenrod

10.7 same thing but weekly daily top green STO7 below 10 bright green below 30 different green
weekly daily bottom red sto7 above 90 bright red above 70 different red
anything else goldenrod

So you could do the same thing with 10.7

Post by **boldtrader** » Fri May 09, 2014 4:56 am

art » Thu May 08, 2014 2:52 pm wrote:Bold trader,realise after reading your posts how little I know, I notice you still use the dummy lights

Yes Art, I still use them.. mainly for m15 or m30 scalps. Otherwise.. I do not use them for MST trades. Currently I have identified 15 different trade setups and am waiting for confirm with 10.7 or 10.9. The 15 trades represent a potential of more than 3,600 pips. Should prove to be an interesting 2-3 week period. Definitely will be busy.

Cheers

dispell · Post by **dispell** » Fri May 09, 2014 5:06 am

boldtrader » Fri May 09, 2014 12:56 pm wrote:
art » Thu May 08, 2014 2:52 pm wrote:Bold trader,realise after reading your posts how little I know, I notice you still use the dummy lights

Yes Art, I still use them.. mainly for m15 or m30 scalps. Otherwise.. I do not use them for MST trades. Currently I have identified 15 different trade setups and am waiting for confirm with 10.7 or 10.9. The 15 trades represent a potential of more than 3,600 pips. Should prove to be an interesting 2-3 week period. Definitely will be busy.

Cheers

Bold,
Correct me if I'm wrong, but you're using the Gann system, right?
How does one get started on the literature on that?
Currently plowing thru CJ's naked trading, but your way of trading is intriguing, yet piques my curiosity.

Staedtler · Post by **Staedtler** » Sat May 10, 2014 12:20 am

10.9 DAILY/WEEKLY TRADES ONLY

you guys aren't even trading anymore lol.. this whole forum went to shit. glad i left when i did

Post by **nanningbob** » Sun May 11, 2014 12:27 am

It is time to drop everything and help someone who has immensely helped us very unselfishly.

http://www.stevehopwoodforex.com/phpBB3 ... 684#p92684

kundanketki · Post by **kundanketki** » Sun May 18, 2014 11:06 am

Hi All,

I m new on this forum and have read through Bob's 10.7 and CSS threads. Would like to learn from you all in coming days.

Based on my understanding posting this XAUUSD 10.9 Daily long set up.

Appreciate your insights and comment.

Thanks

Kundan

kundanketki · Post by **kundanketki** » Sun May 18, 2014 1:06 pm

Looking to place sell limit order on USD CAD at 1.08934, Stop loss @ 1.09410, Target @ 1.07500.

Post by **spotdespot** » Sun May 18, 2014 1:12 pm

kundanketki » Sun May 18, 2014 12:06 pm wrote:Hi All,

I m new on this forum and have read through Bob's 10.7 and CSS threads. Would like to learn from you all in coming days.

Based on my understanding posting this XAUUSD 10.9 Daily long set up.

Appreciate your insights and comment.

Thanks

Kundan

Hi Kundan,

Here are a few thoughts for you.

- You say "bullish pin bar formed Friday" but you took the trade before the bar had formed. There's nothing wrong with taking a trade before a bar completes but you can't retrospectively say you took a trade based on it being a pin bar. It isn't a great pin bar imo but that is not that relevant.
- You have taken the trade within the wedge saying it is "looking to break out" of it. The problem is that it hasn't broken out yet and could easily break down through the wedge. If it did then the weekly stoch would be on the bottom as soon as price moved below the weekly open in the coming trading week.
- You have opened the trade just below a key psychological level of $1300 - probably not the best idea.
- Not sure when you opened the trade during the day but the stoch(7) is currently pointing down - despite being above the 30 - so I wouldn't want to take any trade against the current stoch(7) direction.

Over all, even though some of your analysis is sound (weekly high, monthly high, stoch moved above 30 etc), there are lots of reasons not to take that trade. Perhaps waiting until the 1300 level is broken and price breaks out of the wedge (with all other criteria being met) would be a better option.

I hope that helps.

Cheers,
Dave.