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10.7
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3549		 Page 12 of 95
Author:  nanningbob [ Tue Apr 08, 2014 7:01 am ]
Post subject:  10.7
rocketman99 » Tue Apr 08, 2014 11:08 am wrote:
nanningbob » Tue Apr 08, 2014 2:23 am wrote:I hope you guys are starting to see what I am seeing the pinpoint entrances you can get with this. There is a time when we read the market and we see the euro drop coming. 10.7 should give us that moment. We saw yesterday the rally in the DT. It may continue to rally today. But at some point when it goes back into the DT. BAM all these indicators will move into the correct direction and your are in. It will be sad that some cant get around the false teaching of repaint indicators but I cant help them unlearn that. I am excited about what I see coming. I am sure AL will get this quickly and show how it fits his TMAs and others will show how this fits COG and so on. As each one gets it and sees how it compliments what they already know will appreciate how this fits. I think a blank screen and naked traders are going to love this.
Not sure how to read EURUSD.

H4 waves trending down
D1 and W1 waves tending up

I am not sure how much there is on the downside. I am in a longterm long because of the small swap - been in for a couple of days now. Lets see.
The issue with the USD is on the CSS it is at 0 so It is sitting there ranging with those above ranging up and those below ranging lower. It has been doing this since the end of November and looks like it will continue.
Author:  alorente [ Tue Apr 08, 2014 7:08 am ]
Post subject:  10.7
darshanag » Tue Apr 08, 2014 7:25 am wrote:
alorente » Mon Apr 07, 2014 10:46 pm wrote: Thanks, I am better every day...

Yes. Not trading on Monday and the Asian Tuesday session is an option, but as you say, not very realistic considering the level of our addiction to this... For now, I am going with signals from 10.6 for Monday while I watch 10.7 and get a feel for when you can fully trust it. In the example I mentioned from your picture, it is actually even worse, because the system is giving you buy signals even though it is showing divergences in Sto7, so if it drops tonight you will end up with a loser. I believe you have to be very patient with 10.7 until a trend is established. I totally agree with Bob that once the trend is established for that week, it usually continues till Friday so there is great logical merit to 10.7. The Forex crowd seems to think one week at a time...
Hi Al, wonder whether you could clear this up for me ; i'm still confused as to how one would know daily / weekly trend has been established?
I am trying to get a feel for the system as much as you are. I can´t say when you get to the point where trend is established for the week. I also, like Bob, got caught on the wrong side of AudUsd. I entered short and got taken for a ride north. I´ll keep at it until I get this right. I am also trying to determine whether to follow CSS in H4 or D1. Many times they issue conflicting signals. In theory, H4 should give you an earlier indication of strength, but sometimes it doesn´t work that way and D1 ends up carrying the day.
Author:  dclayw [ Tue Apr 08, 2014 7:36 am ]
Post subject:  10.7
alorente » Tue Apr 08, 2014 5:08 pm wrote: I am also trying to determine whether to follow CSS in H4 or D1. Many times they issue conflicting signals. In theory, H4 should give you an earlier indication of strength, but sometimes it doesn´t work that way and D1 ends up carrying the day.
I'm still playing with this myself but doesn't it depend somewhat on the timeframe you're trading. I lean towards the shorter time frames, hourly or less, so it makes sense to me to concentrate on the H4 CSS. If I was trading the H4 chart I'd be looking more at the D1 CSS. But this is all new to me too, and I'm still learning how the CSS works.
Author:  alorente [ Tue Apr 08, 2014 7:45 am ]
Post subject:  10.7
dclayw » Tue Apr 08, 2014 8:36 am wrote:
alorente » Tue Apr 08, 2014 5:08 pm wrote: I am also trying to determine whether to follow CSS in H4 or D1. Many times they issue conflicting signals. In theory, H4 should give you an earlier indication of strength, but sometimes it doesn´t work that way and D1 ends up carrying the day.
I'm still playing with this myself but doesn't it depend somewhat on the timeframe you're trading. I lean towards the shorter time frames, hourly or less, so it makes sense to me to concentrate on the H4 CSS. If I was trading the H4 chart I'd be looking more at the D1 CSS. But this is all new to me too, and I'm still learning how the CSS works.
I think CSS in H1 or below is pretty useless because it changes on you too quickly. For now I´m using both H4 and D1, but sometimes they conflict. I will soon stick with one of these two, but I don´t know which one yet. I have a hard time with conflicting signals. When I get them, I lose my feel for trading itself and end up more often than not on the wrong side. I guess I am a naked trader/scalper at heart, but even then, I have to be set in my mind on the most likely trend upcoming in the next few hours, so conflicting tea leaves confuse me rather than help me and a confused trader is a hesitant trader which more often than not is a losing trader......
Author:  zentauro67 [ Tue Apr 08, 2014 8:05 am ]
Post subject:  10.7
I confess I didn´t get the simplicity of the Stoch signals until spotdespot explained: if price is above the weekly open the signal is up, if below, down. Same for the daily stoch. Quite simple.

In fact, we could play the system only with the old 4H 7stoch and the Weekly and daily open lines plotted on the chart. It´s the same thing. But the MTF stoch gives a very intuitive and easier reading of the confluence of signals.

The daily open line plotted in the chart let you backtest and see where were the signals at any given moment. Here is a little example of a daily stoch that was in the bottom most of the day (12 hours) but closed above. Not repainting, simply nature of stoch that don´t give its last word until the period mesured is finished.
# Daily open line.mq4
Imagen 001.jpg
Author:  ace81 [ Tue Apr 08, 2014 8:11 am ]
Post subject:  10.7
alorente » Tue Apr 08, 2014 3:45 pm wrote:
dclayw » Tue Apr 08, 2014 8:36 am wrote:
alorente » Tue Apr 08, 2014 5:08 pm wrote: I am also trying to determine whether to follow CSS in H4 or D1. Many times they issue conflicting signals. In theory, H4 should give you an earlier indication of strength, but sometimes it doesn´t work that way and D1 ends up carrying the day.
I'm still playing with this myself but doesn't it depend somewhat on the timeframe you're trading. I lean towards the shorter time frames, hourly or less, so it makes sense to me to concentrate on the H4 CSS. If I was trading the H4 chart I'd be looking more at the D1 CSS. But this is all new to me too, and I'm still learning how the CSS works.
I think CSS in H1 or below is pretty useless because it changes on you too quickly. For now I´m using both H4 and D1, but sometimes they conflict. I will soon stick with one of these two, but I don´t know which one yet. I have a hard time with conflicting signals. When I get them, I lose my feel for trading itself and end up more often than not on the wrong side. I guess I am a naked trader/scalper at heart, but even then, I have to be set in my mind on the most likely trend upcoming in the next few hours, so conflicting tea leaves confuse me rather than help me and a confused trader is a hesitant trader which more often than not is a losing trader......
Hi Al

Maybe page 10 and 11 can help you get some feeling on css.
Author:  alorente [ Tue Apr 08, 2014 8:17 am ]
Post subject:  10.7
zentauro67 » Tue Apr 08, 2014 9:05 am wrote:I confess I didn´t get the simplicity of the Stoch signals until spotdespot explained: if price is above the weekly open the signal is up, if below, down. Same for the daily stoch. Quite simple.

In fact, we could play the system only with the old 4H 7stoch and the Weekly and daily open lines plotted on the chart. It´s the same thing. But the MTF stoch gives a very intuitive and easier reading of the confluence of signals.

The daily open line plotted in the chart let you backtest and see where were the signals at any given moment. Here is a little example of a daily stoch that was in the bottom most of the day (12 hours) but closed above. Not repainting, simply nature of stoch that don´t give its last word until the period mesured is finished.


Thanks. Do you have an indi for the weekly open?
Author:  milanese [ Tue Apr 08, 2014 8:21 am ]
Post subject:  10.7
alorente » Tue Apr 08, 2014 8:17 am wrote:
zentauro67 » Tue Apr 08, 2014 9:05 am wrote:I confess I didn´t get the simplicity of the Stoch signals until spotdespot explained: if price is above the weekly open the signal is up, if below, down. Same for the daily stoch. Quite simple.

In fact, we could play the system only with the old 4H 7stoch and the Weekly and daily open lines plotted on the chart. It´s the same thing. But the MTF stoch gives a very intuitive and easier reading of the confluence of signals.

The daily open line plotted in the chart let you backtest and see where were the signals at any given moment. Here is a little example of a daily stoch that was in the bottom most of the day (12 hours) but closed above. Not repainting, simply nature of stoch that don´t give its last word until the period mesured is finished.


Thanks. Do you have an indi for the weekly open?
Look here Al http://www.stevehopwoodforex.com/phpBB3 ... 039#p90039

Cheers :)

Tommaso
Author:  nanningbob [ Tue Apr 08, 2014 8:37 am ]
Post subject:  10.7
alorente » Tue Apr 08, 2014 3:08 pm wrote:
darshanag » Tue Apr 08, 2014 7:25 am wrote:
alorente » Mon Apr 07, 2014 10:46 pm wrote: Thanks, I am better every day...

Yes. Not trading on Monday and the Asian Tuesday session is an option, but as you say, not very realistic considering the level of our addiction to this... For now, I am going with signals from 10.6 for Monday while I watch 10.7 and get a feel for when you can fully trust it. In the example I mentioned from your picture, it is actually even worse, because the system is giving you buy signals even though it is showing divergences in Sto7, so if it drops tonight you will end up with a loser. I believe you have to be very patient with 10.7 until a trend is established. I totally agree with Bob that once the trend is established for that week, it usually continues till Friday so there is great logical merit to 10.7. The Forex crowd seems to think one week at a time...
Hi Al, wonder whether you could clear this up for me ; i'm still confused as to how one would know daily / weekly trend has been established?
I am trying to get a feel for the system as much as you are. I can´t say when you get to the point where trend is established for the week. I also, like Bob, got caught on the wrong side of AudUsd. I entered short and got taken for a ride north. I´ll keep at it until I get this right. I am also trying to determine whether to follow CSS in H4 or D1. Many times they issue conflicting signals. In theory, H4 should give you an earlier indication of strength, but sometimes it doesn´t work that way and D1 ends up carrying the day.
Even though I put the 4H and Daily CSS together. I really just use the Daily CSS. Sooner or later price moves in the direction it is pointing. AUD on top EUR on the bottom sell. 10.7 however did show the retrace in the DT and hopefully today the DT continues. It is how I played it last week and it was really good. The thing I got was the better entrances and going into profit quicker instead of having some backup first. This lead to bigger pip profits on my trades. Right now my feeling is to continue using 10.6 and allowing 10.7 determine my entrances.

The real issue now is we are only 9 days since I showed a bunch of guys. I cant believe what this looks like. Now we trade it in real time. I mean trading 1 penny per thousand I have increased my account by 1%. Now that is kind of unreal trading that small. That puts me on a pace to make almost 5% for the month with literally no risk. For those that dont understand that number, it would mean I would have to lose 100,000 pips to wipe out my account. To get a 1% increase means I have won close to a 1000 pips in 9 days. The real key for me though is basicaly no DD during this time from using this. Closing out those trades when the lines switch or go the wrong way from the TL line has given me some confidence in the calls of the system. But the real rewards came later in the week as direction was set and you could just fire away. Anyway let it prove itself. That is all we can do and yes there is uncertainty early in the week but later jump on the train. At least I hope that happens again this week. ;)
Author:  nanningbob [ Tue Apr 08, 2014 8:38 am ]
Post subject:  10.7
My I b f x trade analyzer is not working and they have not fixed it yet. Does anyone else have something similar.
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