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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 172 of 745
Author:  nanningbob [ Wed Mar 13, 2013 6:34 am ]
Post subject:  Re: 10.4 A Complete System
allisonmagic wrote:I'm going line to line.. you guys seem to be holding for several levels.. what should i be looking for ?
Line to line is good until we get out of ranging mode. Most of my trades right now have been singles with a handful of double trades.
Author:  lhDT [ Wed Mar 13, 2013 6:48 am ]
Post subject:  Re: 10.4 A Complete System
Bob, you place your second trade at the mid line or at the full level ?
At mid level (mid sup/res), if you move your SL to have a BE trade in case something went wrong, it isn't a bit too small for h4 no ?
Example on EU, pip difference between pivot & mr1 is about 35 pips only.

Thanks.
Author:  websie [ Wed Mar 13, 2013 6:58 am ]
Post subject:  Re: 10.4 A Complete System
I have a problem with the Drop Pending Sell script

I put it on the chart but then tried to get rid of it, all its done is get rid of the order in my pendings "list" but it is still showing on the chart - see the 1st order ending 1279

How do I get rid of it without getting rid of the other pendings?
Author:  nanningbob [ Wed Mar 13, 2013 7:02 am ]
Post subject:  Re: 10.4 A Complete System
lhDT wrote:Bob, you place your second trade at the mid line or at the full level ?
At mid level (mid sup/res), if you move your SL to have a BE trade in case something went wrong, it isn't a bit too small for h4 no ?
Example on EU, pip difference between pivot & mr1 is about 35 pips only.

Thanks.
The distance from the WPivot to the WMR1 is over 50 pips. The distance from WMR1 to WR1 is over 50 pips. I see almost 100 pips in play. First trade try to get 80 plus and 2nd trade 30 plus for over 100 pips potential in a ranging market. After 50 pips you are in a no lose situation. MY sl is place over 160 pips away and is around the WR3 line well outside the EU reach. So dont see a problem at this point.
Author:  Gertje [ Wed Mar 13, 2013 10:33 am ]
Post subject:  Re: 10.4 A Complete System
I see 20 pairs coloured red or green on the info page, time to get ready to rock&roll!
Author:  idempotent [ Wed Mar 13, 2013 11:25 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:How many times does price hit that 240 line every year? Those are your odds of success.
True, NB, but the fact we move the SL to the overall BE, once a second trade enters, means that my stops are being hit more often.

Still learning, and working on my exits, which seems to be the more time-critical part
Author:  huhpapa [ Wed Mar 13, 2013 11:37 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
lhDT wrote:Bob, you place your second trade at the mid line or at the full level ?
At mid level (mid sup/res), if you move your SL to have a BE trade in case something went wrong, it isn't a bit too small for h4 no ?
Example on EU, pip difference between pivot & mr1 is about 35 pips only.

Thanks.
The distance from the WPivot to the WMR1 is over 50 pips. The distance from WMR1 to WR1 is over 50 pips. I see almost 100 pips in play. First trade try to get 80 plus and 2nd trade 30 plus for over 100 pips potential in a ranging market. After 50 pips you are in a no lose situation. MY sl is place over 160 pips away and is around the WR3 line well outside the EU reach. So dont see a problem at this point.
Hi Bob, I don't quite understand what you mean 1st try to get 80+ and 2nd trade 30+ ...
Do you mean profit take 1st leg at 80+ ... 2nd leg for a 30+?
Why don't let both run concurrently?
Thanks
Author:  Gertje [ Wed Mar 13, 2013 11:42 am ]
Post subject:  Re: 10.4 A Complete System
huhpapa wrote:
nanningbob wrote:
lhDT wrote:Bob, you place your second trade at the mid line or at the full level ?
At mid level (mid sup/res), if you move your SL to have a BE trade in case something went wrong, it isn't a bit too small for h4 no ?
Example on EU, pip difference between pivot & mr1 is about 35 pips only.

Thanks.
The distance from the WPivot to the WMR1 is over 50 pips. The distance from WMR1 to WR1 is over 50 pips. I see almost 100 pips in play. First trade try to get 80 plus and 2nd trade 30 plus for over 100 pips potential in a ranging market. After 50 pips you are in a no lose situation. MY sl is place over 160 pips away and is around the WR3 line well outside the EU reach. So dont see a problem at this point.
Hi Bob, I don't quite understand what you mean 1st try to get 80+ and 2nd trade 30+ ...
Do you mean profit take 1st leg at 80+ ... 2nd leg for a 30+?
Why don't let both run concurrently?
Thanks
My take is Bob enters some 10pips BELOW the 1st line and then the 2nd entry again some 10pips BELOW the 2nd line. TP is then some 10pips ABOVE the 3th line resulting in 80+30=110 pips.

He DOES let them run both, just enters and TP a little off of the [mid]pivots lines.
Author:  idempotent [ Wed Mar 13, 2013 11:44 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Line to line is good until we get out of ranging mode. Most of my trades right now have been singles with a handful of double trades.
With SL at the 240MA, and a TP at the next level, am I right in saying that brings the R:R right down?

If we're risking 1% per trade, then we're trading, during ranging, for 0.1 to 0.2%, is that right?
Author:  cmeade2 [ Wed Mar 13, 2013 12:31 pm ]
Post subject:  Re: 10.4 A Complete System
Looks like NOW is the time to go long on all of those yen pairs
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