| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| 10.6 EDSEL https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259 |
Page 134 of 234 |
| Author: | nanningbob [ Tue Feb 25, 2014 2:38 am ] |
| Post subject: | 10.6 EDSEL |
1H chart is not giving us a good signal yet either but if I see a 10.6 trade -------- thats the one I am looking for. Price retrace back to DP or 60 MA line. Then I have a good spot to enter from. I then can maximize a short profit trade back up to R and then see if it breaks above the R line as NZD strengthens and JPY weakens. |
|
| Author: | nanningbob [ Tue Feb 25, 2014 2:49 am ] |
| Post subject: | 10.6 EDSEL |
Well the JPY has the largest program to weaken in history. 2 year plan and it has hit a snag. The good news is bank officials have promised more if the JPY doesnt keep weakening so they can attain their goals. The second point is the JPY does not seem to be doing its usual strengthening at the end of the month so if it weakens or holds this last week then March ought to really push it up into new lows. That appears to be what is happening. You can enter now, I am looking for good spots, but I think the real fireworks will happen in March when they will once again get this baby rolling because they have that big tax increase going into affect in April and they need a weaker YEN to help take the sting out of that tax increase. Japan borrows almost half of its budget, (people think the USA and Europe is bad they are nothing compared to Japan) also for conspiracy dooms day people USA and Europe wont blow up when Japan has over 2-3 times the debt load without blowing up. So they have to depreciate the YEN and then increase taxes to somehow get themselves out of this mess. USA politicians please notice we dont want to go down the same road. (Sorry Steve about the political comments but I cant resist) |
|
| Author: | Staedtler [ Tue Feb 25, 2014 4:39 am ] |
| Post subject: | 10.6 EDSEL |
thanks for that bob, i really don't have any rebuttal, because i'm listening to every word very intently. the info you bring to the table is so terribly helpful, i really enjoy it. thanks again :hi:
|
|
| Author: | pino [ Tue Feb 25, 2014 8:07 am ] |
| Post subject: | 10.6 EDSEL |
Hi guys! First of all, thank you Bob for all your hard work and willingness to share it and for helping newbie traders like myself! I am new with 10.6 EDSEL and i wanted to share with you my trades, if that's ok. So here it goes. Today's CSS bias is the following: NZD, AUD, CAD are above 0 (with NZD over 20 and AUD at 18) and JPY at -0.25 I noticed CADJPY has hit the 60MA, which now acts like a resistance point. I've placed a pending order as follows: Also, EURCAD and USDCAD look good for a possible buy, but taking the CSS into account (both EUR and USD are angling down and CAD is angling up) i will not trade these. What do you guys think? Any feedback is greatly appreciated! [EDIT] CADJPY trade is open now. I just noticed that CSS bias is the exact opposite of the placed trade for CADJPY (CAD was strengthening and JPY was weakening). |
|
| Author: | art [ Tue Feb 25, 2014 8:52 am ] |
| Post subject: | 10.6 EDSEL |
the trouble is looking at the 4 hour css, it changes so quickly, chf and euro now angling up usd angling down,and as bob has said they are all bunched in together no real direction, nzd has flattened out, so anyones guess, i'm looking at eur,chf buys to grab a few pips maybe |
|
| Author: | art [ Tue Feb 25, 2014 8:54 am ] |
| Post subject: | 10.6 EDSEL |
i have just taken a long nzdjpy tradee of the 1 hour, a bit risky as the stoch hasnt given me a signal |
|
| Author: | genaja [ Tue Feb 25, 2014 9:06 am ] |
| Post subject: | 10.6 EDSEL |
You are long with CADJPY? |
|
| Author: | pino [ Tue Feb 25, 2014 9:33 am ] |
| Post subject: | 10.6 EDSEL |
No, it's a sell as per 10.6 EDSEL rules, but the CSS reading was the exact opposite (and didn't notice it until after the trade opened). |
|
| Author: | genaja [ Tue Feb 25, 2014 9:46 am ] |
| Post subject: | 10.6 EDSEL |
CSS D1 CAD goes down, JPY goes down, H4 Stoch7 sell signal. What goes wrong? |
|
| Author: | pino [ Tue Feb 25, 2014 9:58 am ] |
| Post subject: | 10.6 EDSEL |
I was looking at the H4 CSS, and CAD was pointing up, so i thought it was strengthening. I will take into account the higher timeframe also. Like art said: Do you guys validate the entries with CSS? Like in my case - if there is a 10.6 EDSEL setup but the CSS contradicts it, do you still take the trade? |
|
| All times are UTC | Page 134 of 234 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|