10.4 A Complete System

[lhDT]

Closed GN & EN. Don't like the look of the hourly candles.
Still AU short, USDCAD long, EURSEK short (sl at 8.3475).
Still an awesome monday

[nanningbob]

AU looking for bounce off of or near 240 line. The old 10.2 trade here of failure to reach R1, remember that one guys. I place lines at WMR1 and Pivot. So AU is on the board.

[Ashflash]

Hi

Does anyone remember or able to advise me of the name of the EA that a trader mentioned here he was using to close all trades at a certain equity or account % increase?

I am finding that being in Australia and sleeping for the second half of London and most of the US session i am waking up to see a fantastic high water mark but a significant retracement from that level by then

Thanks in advance

Ash

[Captain Jack]

NU trade laguerre no signal but crossing back over the pivot line is. Trader Jack would say look at that possible pin bar.

This is one I've been 'swing trading today Bob. I'm currently short....

This is Asian session. I expect price to range here until London. You will probably get another bar with a pin high later tonight, that will give better entry. This will cause your indicators to rise further over time.

Those pins or wicks are what I look for. Especially when they pierce levels and pivots to trigger the stops and pending orders that are at those levels.

CJ

[effluvium]

Amazing!!!
This thread is exploding. Just for today, no less than 12 pages were added here. Hard to follow and all these posts

[Captain Jack]

NU trade laguerre no signal but crossing back over the pivot line is. Trader Jack would say look at that possible pin bar.

This is one I've been 'swing trading today Bob. I'm currently short....

This is Asian session. I expect price to range here until London. You will probably get another bar with a pin high later tonight, that will give better entry. This will cause your indicators to rise further over time.

Those pins or wicks are what I look for. Especially when they pierce levels and pivots to trigger the stops and pending orders that are at those levels.

CJ

When looking at those pins Bob, expand your chart out a take a look at the candle patterns that form as well. I've been trading the "W" pattern all day.

The pins coincide with the levels on the 10.4 template.

CJ

[nanningbob]

Remember the info screen? Aud and usd are the two strongest currency pairs right now so they will battle it out in a range. 1 or 2 levels is probably the best you will get. This week look to buy USD and AUD and sell Euro currencies pairs based on 10.4 info page. Cad, JPY, and NZD will probably muddle through the puddle with their cross pairs but can be buys when crossed with euro pairs and sells when crossed with aud and usd. So have fun trading this week. Monday was such a nice day better than normal.

[aworex]

So with all the JPY pairs now making higher highs, would this imply the Foxes have now given hunting for the day or are these just bumps to draw in more longs

[nanningbob]

NU trade laguerre no signal but crossing back over the pivot line is. Trader Jack would say look at that possible pin bar.

This is one I've been 'swing trading today Bob. I'm currently short....

This is Asian session. I expect price to range here until London. You will probably get another bar with a pin high later tonight, that will give better entry. This will cause your indicators to rise further over time.

Those pins or wicks are what I look for. Especially when they pierce levels and pivots to trigger the stops and pending orders that are at those levels.

CJ

When looking at those pins Bob, expand your chart out a take a look at the candle patterns that form as well. I've been trading the "W" pattern all day.

The pins coincide with the levels on the 10.4 template.

CJ

Like I said on your thread the systems should pretty much coincide, confluence of events should happen on both our screens. It is good for these guys to see different systems that see the same thing from different angles. After a couple of weeks of range trading I am looking for some nice breakaways from the 240 line. You pointed this out in your thread of the acceleration from 30 degree angle to 45 degree angle in the trades. Looking forward to seeing how that shows up in 10.4.

[nanningbob]

So with all the JPY pairs now making higher highs, would this imply the Foxes have now given hunting for the day or are these just bumps to draw in more longs

JPY is in the middle of the strength screen on the info page and they are looking for a new BOJ leader so I dont expect it to do much of anything until that nominee situation is settled. This is confirmed not only by the info page but price keeps bouncing back and forth over the 240 line. Range trading it would be a good thing. Bollinger Band time, but I will take the more obvious ones with the USD, AUD strong and Euro currencies weak. Those should be your better trades this week with the bigger moves.