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10.4 Advanced and Counter
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1507		 Page 11 of 14
Author:  DocT [ Wed Mar 13, 2013 4:57 pm ]
Post subject:  Re: 10.4 Advanced and Counter
GBPCAD Range Trade

Noticed that Bob's GBPCAD monthly thingy EA has taken a buy trade from the bottom of the range...
Like this one too - CJs pin bars; double bottom; level of S/R; RSI
Will let it run...

Just been in the Captains thread where some people are looking for this to go short...
Will follow short term vs long term trades...
Author:  rebyte2 [ Thu Mar 14, 2013 6:52 am ]
Post subject:  Re: 10.4 Advanced and Counter
For all you advanced CT traders... keep an eye on AUSNZD and AUSCAD.

EDIT: Both are way outside their 'comfort zones'.

I have shorts on both, as they both appeared to have topped out on 15min charts.
Author:  DocT [ Thu Mar 14, 2013 8:26 am ]
Post subject:  Re: 10.4 Advanced and Counter
rebyte2 wrote:For all you advanced CT traders... keep an eye on AUSNZD and AUSCAD.

EDIT: Both are way outside their 'comfort zones'.

I have shorts on both, as they both appeared to have topped out on 15min charts.
Me too...
Author:  rebyte2 [ Thu Mar 14, 2013 8:57 am ]
Post subject:  Re: 10.4 Advanced and Counter
rebyte2 wrote:For all you advanced CT traders... keep an eye on AUSNZD and AUSCAD.

EDIT: Both are way outside their 'comfort zones'.

I have shorts on both, as they both appeared to have topped out on 15min charts.
Exited both trades as they were only scalpers.
Author:  DocT [ Thu Mar 14, 2013 10:02 am ]
Post subject:  Re: 10.4 Advanced and Counter
rebyte2 wrote:
rebyte2 wrote:For all you advanced CT traders... keep an eye on AUSNZD and AUSCAD.

EDIT: Both are way outside their 'comfort zones'.

I have shorts on both, as they both appeared to have topped out on 15min charts.
Exited both trades as they were only scalpers.
Removed pendings on AUDNZD but made 1% on AUDCAD short -yipee!

Love 10.4 - both ways ;-)
Author:  rebyte2 [ Thu Mar 14, 2013 10:26 am ]
Post subject:  Re: 10.4 Advanced and Counter
taggie11 wrote:
rebyte2 wrote:
rebyte2 wrote:For all you advanced CT traders... keep an eye on AUSNZD and AUSCAD.

EDIT: Both are way outside their 'comfort zones'.

I have shorts on both, as they both appeared to have topped out on 15min charts.
Exited both trades as they were only scalpers.
Removed pendings on AUDNZD but made 1% on AUDCAD short -yipee!

Love 10.4 - both ways ;-)
Well done...

Just remember not to get greedy on CT trading.

A quick 20-30 pips and run

Cheers... Roscoe
Author:  DocT [ Thu Mar 14, 2013 10:46 am ]
Post subject:  Re: 10.4 Advanced and Counter
rebyte2 wrote:
taggie11 wrote:
rebyte2 wrote:
rebyte2 wrote:For all you advanced CT traders... keep an eye on AUSNZD and AUSCAD.

EDIT: Both are way outside their 'comfort zones'.

I have shorts on both, as they both appeared to have topped out on 15min charts.
Exited both trades as they were only scalpers.
Removed pendings on AUDNZD but made 1% on AUDCAD short -yipee!

Love 10.4 - both ways ;-)
Well done...

Just remember not to get greedy on CT trading.

A quick 20-30 pips and run

Cheers... Roscoe
It was a 20 pip grab!!! Increased lot size due to small S/L.
Overall - 1%
Author:  mjws00 [ Thu Mar 14, 2013 11:57 am ]
Post subject:  Re: 10.4 Advanced and Counter
taggie11 wrote:
Love 10.4 - both ways ;-)
Yep.
Author:  DocT [ Thu Mar 14, 2013 12:02 pm ]
Post subject:  Re: buy [sell] and hold?
Gertje wrote:I was thinking when eyeballing some charts from last year, what if we;
- open trades at every [mid]pivot level in line with 10.4
- do this every week
- make the former week's WP the SL level [or the 240ma]

After 2-3 weeks, the first weeks trades are free, etc.
You end up with a bunch of open orders that MIGHT stay open for the better part of a year and add up quite a bit in the end. Open margin is covered by the floating profit, swap could be a party-pooper.

One could also open seperate trades at every level, 1 [small] trade to hold and the 2nd to play the 10.4 game with TP's and re-openings.

Any pro/ cons?
Gertje

What about Steve's Caterpillar function ? Could be adapted for this.
Author:  Gertje [ Thu Mar 14, 2013 1:16 pm ]
Post subject:  Re: buy [sell] and hold?
taggie11 wrote:
Gertje wrote:I was thinking when eyeballing some charts from last year, what if we;
- open trades at every [mid]pivot level in line with 10.4
- do this every week
- make the former week's WP the SL level [or the 240ma]

After 2-3 weeks, the first weeks trades are free, etc.
You end up with a bunch of open orders that MIGHT stay open for the better part of a year and add up quite a bit in the end. Open margin is covered by the floating profit, swap could be a party-pooper.

One could also open seperate trades at every level, 1 [small] trade to hold and the 2nd to play the 10.4 game with TP's and re-openings.

Any pro/ cons?
Gertje

What about Steve's Caterpillar function ? Could be adapted for this.
I don't know the Caterpillar, can you post an thread where to look for it?
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