10.4 A Complete System

[JulesvH]

Today is going to be a sad day for me, so I wont be trading or posting until I am done doing some difficult work at school. See you tomorrow.

Too bad we have those also. Best of luck with it.
Take care Bob

[Chris]

getting some of my $200 back a little at a time. happy 10.4 is working for me so far. thanks for all the helpful info bob, mike, Wiggy1965, and anyone else i forgot. doesn't look like much but it's a lot for me.

I wouldn't complain! Nice work!

[The_Snowman]

start of new day here in Aussie land, crikey, my forecast for AUD-USD, if the past is any indication = DOWN

Freaky Friday approaches, enter at your own risk

enter at Weekly Pivot, right ? got a feeler trade on now min min position until direction confirmed

past history = UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN, UP, DOWN

[Chris]

Just hit my second entry in GU. in the green on both trades. it is currently at the lows. Take profit or hold on?

[Dewey McG]

I have been using very small lot sizes to start so I could get a good feel of this system first. Bob--I am in awe. Each week has been over 400 pips and right now I am 365 pips in floating profit, plus what I have banked already this week. Next week I will increase risk to .5 - 1% per trade.

[Chris]

Wiggy
Thanks for all the feed back. So far thing are looking good. I actually went to bed and did not change any of the orders and unfortunately I can not post any pics right now. But I am still in all these trades
A/U short 1 level(up on trade)
N/U short 1 level(up on trade)
U/J long 1 level(up on trade)
G/U short 1 level(up on trade)
U/CHF long 1 level(up on trade)
E/U Short 1 level(Slightly down)
U/CAD long 2 levels, although it sounds like some have taken profit on this one already

I don't know that there is a actual question here other than why are some getting out of these trades before level 2? For instance GBP/USD should I take the profit on that one or wait for the next sell level to bite. Or it sounds like some have taken profit on the usd/cad trade. Either way I could close them all right now and be doing fairly well. Up about a 160 pip. Just trying to stick to the plan.

And I don't think I have had my chance to say thank you to BOB for putting in the hard work to come up with a great system! I hope to be able to give back.

Chris

Now up almost 300 pips. patients is tough!

[Chris]

I have been using very small lot sizes to start so I could get a good feel of this system first. Bob--I am in awe. Each week has been over 400 pips and right now I am 365 pips in floating profit, plus what I have banked already this week. Next week I will increase risk to .5 - 1% per trade.

Nice job, your book is looking close to mine.

[Chris]

I have been using very small lot sizes to start so I could get a good feel of this system first. Bob--I am in awe. Each week has been over 400 pips and right now I am 365 pips in floating profit, plus what I have banked already this week. Next week I will increase risk to .5 - 1% per trade.

I must have the wrong version of this info page. Mine does not show the pips, only profit and does not have the info in the upper right, is this from post #1?

[Dewey McG]

I have been using very small lot sizes to start so I could get a good feel of this system first. Bob--I am in awe. Each week has been over 400 pips and right now I am 365 pips in floating profit, plus what I have banked already this week. Next week I will increase risk to .5 - 1% per trade.

I must have the wrong version of this info page. Mine does not show the pips, only profit and does not have the info in the upper right, is this from post #1?

I set up my own adding a couple things so I could see more on one page.

I use the iexposure tickets posted here: http://www.stevehopwoodforex.com/phpBB3 ... f=45&t=629

I also added the dashboard posted earlier in this thread which I added again below.

The news indicator is something you can get free, but I am not sure if I am allowed to post it on this thread so if you want that send me a PM and I will send you the link.

[Dewey McG]

I have been using very small lot sizes to start so I could get a good feel of this system first. Bob--I am in awe. Each week has been over 400 pips and right now I am 365 pips in floating profit, plus what I have banked already this week. Next week I will increase risk to .5 - 1% per trade.

any specific profit target or are you just floating throughout the week ? what's your exit strategy

For the most part I use the exit strategy explained by Bob. However, I will move my SL's up a little sooner once in profit to reduce risk.

Also if I think it is a real strong move I might take part of the profit out early and trail the rest, advancing the SL to the next swing low until the market takes me out.