stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

10.3 SCALPER/RANGE TRADE SYSTEM
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=919		 Page 131 of 178
Author:  nanningbob [ Mon Jan 07, 2013 11:55 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
lonto wrote:Dear Bob,
First off thank you very much for providing us with 10.3 - best new year's gift ever. Been following your systems back on the Forexfactory days and must admit 10.3 is the simplest and clearest yet!
I have been studying the booklet in some detail before I start experimenting with the system and have a quick question on the 10.3 JAN 2013 BOOKLET A

Page 10...
"HOT PINK means daily pivot (DP) is below weekly pivot (WP) but price (P) is between the DP and WP.
• This indicates a 10.2a sell setup in which you want to enter when price crosses back into the downtrend by crossing the weekly pivot. When price crosses the daily pivot the bar will turn maroon and indicate a downtrend is now in effect."

Should this not read "...when price crosses back into the downtrend by crossing the daily pivot" instead? My understanding is at this point Price is between DP and WP and since WP is above DP, the price crossing the WP (upwards) is more likely to indicate a trend reversal?

Similarly for the "LIME GREEN" definitions?

Best regards,
George
Pink shows sell bias and 10.2a sell trade back into a downtrend. If you have a reversal price will also be above both Weekly and Daily pivot and shows the goldenrod color until the daily gets above the weekly or price moves back down below the weekly pivot again.

Lime Green shows buy bias. Price has moved below the daily pivot but is above the weekly. This can signify a rest in the trend, ranging period, 10.2a buy setup or a reversal is coming. When price goes below the weekly and daily pivots it will show the goldenrod color until the daily pivot goes below the weekly pivot or it rises back above the weekly pivot again.

This sequence did not show up on the 10.3 Simple series. It is why I went to two bars instead of one to also show possible 10.2a trade setups.
Author:  Jemook [ Tue Jan 08, 2013 12:56 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Zool wrote:The problem is my crim doesn't allow me to place SL closer to the market price than 10 pips.
What?! The solution is to change br0kers! What an unnecessary restriction.
Author:  nanningbob [ Tue Jan 08, 2013 1:39 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Jemook wrote:
Zool wrote:The problem is my crim doesn't allow me to place SL closer to the market price than 10 pips.
What?! The solution is to change br0kers! What an unnecessary restriction.
You can reset the jump EA so it is always 11 pips behind. SHeesh what a rule.
Author:  xrismak [ Tue Jan 08, 2013 1:48 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Jemook wrote:
Zool wrote:The problem is my crim doesn't allow me to place SL closer to the market price than 10 pips.
What?! The solution is to change br0kers! What an unnecessary restriction.
Jem, hello where have you been m8 :!:

Zool,

Try this Criminal , Tradersway.com :idea: you might like them. ;)


Warm Regards,

xrismak ;)
Author:  fmuir [ Tue Jan 08, 2013 2:40 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Baluda wrote:
fmuir wrote:Thanks for the 10.3 Dashboard. That indicator looks great, just like all your other works. One question though: Can it be used on any timeframe, or is it restricted to one timeframe by default? I ran through the different timeframes quickly, but the color of the flags (backgrounds) did not change.
Frank,

Both 10.2a and 10.3 are based on pivots, therefore the indicator can be used on any timeframe.

Paul
Thanks Paul!
Author:  nanningbob [ Tue Jan 08, 2013 5:38 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Author:  BritShrtHair [ Tue Jan 08, 2013 6:29 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Author:  nanningbob [ Tue Jan 08, 2013 8:06 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
BritShrtHair wrote:
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Daily open is daily open, how can that be strange??
Author:  phil_trade [ Tue Jan 08, 2013 8:10 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:
BritShrtHair wrote:
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Daily open is daily open, how can that be strange??
108.2 for USDJPY ?
Author:  BritShrtHair [ Tue Jan 08, 2013 8:15 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
phil_trade wrote:
nanningbob wrote:
BritShrtHair wrote:
nanningbob wrote:Look at this, you can look up the best possible trades quickly with the dashboard. I marked them with red lines 2 hours before I set my trades. Interesting. Means most pairs are probably ranging or retracing right now.
Hello Bob,
I notice your DO values are somewhat strange?
Daily open is daily open, how can that be strange??
108.2 for USDJPY ?
Some more:
EURJPY DO: 152.73 (now 114.49)
GBPJPY DO: 190.06 (now 140.54)
All times are UTC Page 131 of 178

Powered by phpBB® Forum Software © phpBB Limited