10.4 A Complete System

[cmeade2]

I don't know if these qualify as 10.4 trades, but there seem to be a number of good yen longs as the pairs have crossed the 240 upwards and RSI(2) is high (which indicates a positive trend to me).

And so, I am long AudJpy, CadJpy, ChfJpy, and EurJpy

[candletiger]

The daily pivot and mid pivot indicator still does not work properly on Mondays. It still is using the Sunday Candle and needs to be set to the Friday session. Can anyone adjust these to work properly.

Just a stab in the dark Bob. I dont have sunday candles, so I can't test it...
But does this do the trick?

it removes the ugly spike at week start but the pivot values are still not correct on Mondays.
Thanks for your efforts anyway...
Dont worry, I'll get this done the next days...

ywfbi,
you have been f*ing close to the solution
Just change the DayOfWeek check from Sunday(0) to Monday(1).
That makes it very very close to the results I get on a GMT+2/3 broker. Rest is about slightly different tick data. I will upload a corrected version later (incl the mid pivot issue fix).

/ct

[aworex]

Oh no, my wonderful A grade setup CadJap........... : : 18 more pips.......

It's a good idea to have a look at the daily chart before placing your trade..

Not sure what you're getting at, placed pending on monday already...

I wouldn't feel so comfortable doing a "trend trade" short when the daily is clearly up.

Hi Pueo,

There may be something to what you are saying, i may look at dailies just to provide more information....
Not sure how i will use the information at this point....

I have been stopped out on a number of JPY crosses due to the retrace and all were trades were price has only recently moved below the 240MA and obviously with the stop out, gone above the MA.....They also all appear to be in an uptrend on the daily chart.....So, we (not sure about others, but certainly me) were trying to trying to short when there does appear to be an up trend on the longer time frames....All the the above my be rubbish the JPY move may just be a peaker that has been brought about due the Japanese Central bank stuff and wee may continue short in the next 5 minutes...or day...

Anyway, as much as they hurt, you learn more from stop outs that you do from wins...

Regards
Wiggy

We all have to bear in mind the JPY fundamentals, looking at the last 10 candles it's obvious someone somewhere knew something and were prepared to keep price above certain levels, moreover with all the major news releases scheduled it was obvious there was a wait and see attitude in the market. I personally avoided the JPY pairs other than the USDJPY and took a small loss on the CADJPY

[TraderDesk]

Well I am looking for a setup on E/Y as we have crossed over the 240ma. Also of note is on the 4 hour chart we touch a downward resistance channel line at 123.80. If that breaks then we look to continue P/A towards 125...

[Chris]

This does not look bad
Of course - this is only demo account yet.

how did you bring up this chart?
Good job!

[roje]

This does not look bad
Of course - this is only demo account yet.

how did you bring up this chart?
Good job!

It is result only made via system from this thread. But today i had SL on CADJPY (113 pips, so i think i have to check entry on Daily chart) and EURUSD, where i have DD 120 pips Nothing is only black or white. I study day by day

[Wiggy1965]

Well I am looking for a setup on E/Y as we have crossed over the 240ma. Also of note is on the 4 hour chart we touch a downward resistance channel line at 123.80. If that breaks then we look to continue P/A towards 125...

I think I'm going to wait until price goes through weekly res1 and a new RSI signal, this is 10.4 after all....I think i will play the trades where prices has recently moved across the 240MA differently....Not sure how, but I'll think of something....I may put further though into the daily direction and not take trades that are not consistent with the daily direction.... so if the daily is showing long, don't take any trade setups that are below the MA...I need to do some testing....

Before you say it, yes it will filter out trades...

Regards
Wiggy

[TraderDesk]

Well I am looking for a setup on E/Y as we have crossed over the 240ma. Also of note is on the 4 hour chart we touch a downward resistance channel line at 123.80. If that breaks then we look to continue P/A towards 125...

I think I'm going to wait until price goes through weekly res1 and a new RSI signal, this is 10.4 after all....I think i will play the trades where prices has recently moved across the 240MA differently....Not sure how, but I'll think of something....I may put further though into the daily direction and not take trades that are not consistent with the daily direction.... so if the daily is showing long, don't take any trade setups that are below the MA...I need to do some testing....

Before you say it, yes it will filter out trades...

Regards
Wiggy

Yes that is the prudent way using 10.4. Using this system I would wait until RSI crosses down and if it is still above the 240ma then look for entries. My view at the moment is for the upper channel line to be breach to increase the possibility of PA holding above the 240ma....

[Nipponho]

ENzd & NzdChf are potential setups. This time i checked D1 both of which are ranging. But then again, they are on the same side of slope direction, all are negatives just that one is more negative than the other.

I think i will skip these 2 trades in view that tomorrow is nfp and in view that i still have a open NU position

[spotdespot]

I would be careful with EJ having moved so quickly. It could just carry on but this retest is possible (attached).

I'm pretty done for the week I think anyway with NFP on the horizon.

GL all.