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| 10.4 A Complete System https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481 |
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| Author: | Wiggy1965 [ Tue Mar 12, 2013 3:16 am ] |
| Post subject: | Re: 10.4 A Complete System |
Fireword, Are you in from the entry last week, as i would have though an entry at the mid pivot was a very early entry, i have set a pending above the WP, as i would like price action to confirm my entry....Especially as CAD made a low on Friday... I'm reasonable sure it will go long again, but for now you have to sit on a trade that is likely to go down before up... Setting the pending above of below current price mean you catch it in the direction you want and generally go in to profit immediately which carries a lot less stress.... Wiggy |
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| Author: | Wiggy1965 [ Tue Mar 12, 2013 3:31 am ] |
| Post subject: | Re: 10.4 A Complete System |
Bob, are you not concerned about the lows and obvious resistance....? I have not seen a solid RSI, so nor sure it's over brought at this stage...Personally I'm waiting till RSI pins and price is below .29500 Wiggy |
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| Author: | Chris [ Tue Mar 12, 2013 3:36 am ] |
| Post subject: | Re: 10.4 A Complete System |
Looks mostly the same as mine. Some I am already in. The only one I was having a hard time with was the AUD/NZD, if you look at the daily it is right at previous resistance. But would love to hear what others have to say. |
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| Author: | Chris [ Tue Mar 12, 2013 3:41 am ] |
| Post subject: | Re: 10.4 A Complete System |
So you are already in AUD/NZD? I thought that was your pending list? |
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| Author: | nanningbob [ Tue Mar 12, 2013 3:49 am ] |
| Post subject: | Re: 10.4 A Complete System |
Of all the lines on the screen the 240 and the pivot are the two most powerful. My 10.2 and 10.3 were based on the pivot as primary now the 240 is primary and pivot is a close second. So Yes I will play the crossing of the pivot. Those that have traded 10.2 would understand its importance. I want to cross it back into the trend and many professional traders will do the same. |
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| Author: | Chris [ Tue Mar 12, 2013 4:01 am ] |
| Post subject: | Re: 10.4 A Complete System |
is anyone in EUR/nzd short? or am I the only crazy one. Cause I now see 3 4hr pin bars, not in my favor? |
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| Author: | ai101 [ Tue Mar 12, 2013 4:07 am ] |
| Post subject: | Re: 10.4 A Complete System |
2nd order triggered at AudCad, target WR1 |
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| Author: | Chris [ Tue Mar 12, 2013 4:08 am ] |
| Post subject: | Re: 10.4 A Complete System |
Yes I have been patiently waiting on this one all day. |
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| Author: | Wiggy1965 [ Tue Mar 12, 2013 4:13 am ] |
| Post subject: | Re: 10.4 A Complete System |
USDCAD, is similar to the Euro trade (see earlier post) for me in that it needs to break above WR and then i look for entries....If it comes down further and bounces off WS and RSI turns up, then there will be more value in the trade...just my view... USDCHF, Although I'm in this trade, i did so reluctantly and almost took the trade off ten times....The reason is RSI is not pinned.....my major concern is, that I'm in early and i could have got a better entry.... AUSUSD, No RSI signal.....So, not sure what you pending order entry signal is....If this is a bounce of the pivot/MA, then that is OK, but not sure it is a 10.4 trade....You may get RSI to flatten later today and therefor an entry at the mid pivot could be possible, however your pending of .02510 does not appear to line up with anything... NZDUSD, Again no signal as yet from what i can see... AUDNZD, Again no signal as yet from what i can see... In addition to the above, the size of your trades based on your account size is too high.....Further, with such a small account you should be looking to make every post a winner as you cannot afford too many losers with such a small account.... The only way you can try to do this is be selective with you trades and not enter into trade where the signal is marginal....So, my advice is to select quality over quantity....I think we have chatted about this before.... I was surprise to see you increasing your lot size when is was less that a week ago you posted that you had your ares handed to you.... Wiggy |
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| Author: | huhpapa [ Tue Mar 12, 2013 4:54 am ] |
| Post subject: | Re: 10.4 A Complete System |
I'm in this too LIVE !!! Risk 0.5% |
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