10.4 A Complete System

[Chris]

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?

I'm in this too LIVE !!! Risk 0.5%

Good point, that is all I am risking as well.
Thanks

[Nipponho]

Hi wiggy, my tma rsi shows a signal for NU, already triggerred, just a little in the red now. I guess u are using either stoch or the laguerre, that's why it shows no signal. Sometimes a signal may not appear simultaneously on all 3 indis.

I am sticking to rsi version. Don't like the stoch version. Laguerre is new, i don't want to be guinea pig

AU too, signal appear, just that no flattening.

[Nipponho]

I got a feeling AU is going to be a nice signal.

I saw Bob's post this morning and wanted to play SR but was a little late and my entry exactly at WR1 1.0304 was shy of 1 pips of being triggered. It's a waste, couldn't catch it on time, a very nice SR trade. I have not deleted my pending, hopes it comes back and give me a second chance later.

Now got to wait for 10.4 trade, place entry at WMR1 1.0256. There is a very nice long wig shooting star, plus SL is nearby. Check it out.

[firesword]

I'm long on the looney, but looking at 4h slope strength, Cad is the strongest currency... might be a long wait b4 this one gets in profit.

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

Hi Wiggy,
I've been in on the looney since yesterday as it crossed the WP on the up side... and then it went south again. I entered long again on WMS today.
Hopefully it will go north during US session.
Wait and see I guess...
Cheers mate.

[Foreverforex]

What's up with UJ? Stoch and Laguirre are pinned at top (Yellow and purple), but RSI is bottomed (cyan)??? What's a schizophrenic to do??

[Nipponho]

Mine too. And my pivot lines for this pair looks like being reset one day late.

[lhDT]

Here is a new NU call. Comments welcome as usual.
Trendline hit - downtrend - Stochs & RSI2 OB

Quite incredible how price feeds can affect what you "see". Have a look at my NU chart - joined the 2 highs as per your trendline (red) and you can see it doesn't work on my chart (but I can see it does very well on yours) - the black line is where I had my trendline!

What broker is that Lio? My chart is Bully Bully Pepperstone.

Cheers,
Dave.

I'm on Global Prime of course !

[nanningbob]

What's up with UJ? Stoch and Laguirre are pinned at top (Yellow and purple), but RSI is bottomed (cyan)??? What's a schizophrenic to do??

This is what happens when you get too many indicators going. But this is what it is telling you USD is very strong, JPY is getting weaker RSI is letting you know this trade could really bust to the upside. LRSI is telling you this trade hasnt weakened yet. Place a pending above the highest high and see if you get a major breakout. Play a tight SL in case it doesnt. Remember the info screen USD strong and we can see the JPY weaken, compare aud/jpy, chf/jpy, cad/jpy. It is why my gbp/jpy trade isnt going anywhere and hasnt taken yet. They are both racing to the bottom of the pack for weakness. GBP/JPY is just above the 240 line showing that the GBP is slightly stronger than the JPY right now so JPY is beginning to win the race to the bottom.

[nanningbob]

gbp/cad and gbp/usd RSI2 on top and ready to break further south. Looks like some long trends could break out this week. USD strong, CAD building ready to rock and roll, gbp looking weak.

[spotdespot]

I'm on Global Prime of course !

Ok - thanks. I will keep an eye on this.