Nipponho wrote:This is my second week with 10.4. Very tough, this week, no good no good . Fortunately I was on very small lots.

My chfjpy is not looking good now, so I closed off my both levels of my NU to lock in the profits to subsidise my chfjpy loss in case hits SL.

GBPChf looks like a good set up with small SL, but chf is sly and cunning, sometimes it will move just enough to trigger your entry before it goes the other way. It was fortunate USDChf was finally obedient after misbehaving for a few bars, but the misbehavior is enough to cause some anxiety.

Hey bob, so your guess is that newzie will continue its descend and the latest 2 bars of big spikes will only be temporary since they didn’t increase the rates? Just want a confirmation if I get what u are trying to say, because sometimes your expressions are too ‘fanciful’ and not easily understood . I think this assessment is important in deciding whether to honour SL for EN or to temporarily tolerate the DD. My 2 levels of EN was closed out at BE earlier. But as of now, EN looks beaufitul for a short entry with a small SL.

etheldreda wrote:

sk29 wrote:Bob,

I remember you used to talk about your 1000 pip week and how you have been so close to that so many time and have also reached it many times. When I read that, I always thought that is something that will never happen to me. Just following the 10.4 rules with MPTM to manage my trades, I have pocketed 821 pips

THANK YOU SO MUCH! I HAVE NEVER EVER SEEN SO MANY PIPS EVEN BY ACCIDENT!

Hi Sk29,

do you use RSI or Stochastic template with your trading?

-ethe-

Chris wrote:

sk29 wrote:Bob,

I remember you used to talk about your 1000 pip week and how you have been so close to that so many time and have also reached it many times. When I read that, I always thought that is something that will never happen to me. Just following the 10.4 rules with MPTM to manage my trades, I have pocketed 821 pips

THANK YOU SO MUCH! I HAVE NEVER EVER SEEN SO MANY PIPS EVEN BY ACCIDENT!

Eternally your loyal follower and student! Pic attached.

Capture.JPG

nanningbob wrote:

chye wrote:this is my first post and the chart below is my first trade using 10.4
I get 100pips wowo...
many thanks to Bob and all guys' hard work
i close my trades because it's Asian trading time and 100pips is enough for me.

Good show, pocket the profit instead of waiting for it to hit your break even. The BE should only be hit because of a spike like the NZD did. I know one trader in the ask anything section talk about how he had a 300 pip winner and it went back to BE. What do you do???

TAKE THE PROFIT WHAT DO YOU THINK YOU ARE TRADING FOR
??????????????????????????????????????????????????????????????

Where did you get this summary indicator from?
That is cool.
And how do you use the MPTM to manage your trades? Just the trailing stop feature?

Wiggy1965 wrote:

Chris wrote:What do you think of the CHFJPY Low risk trade with it being so close to the 240

Chis,

10.4 is kinda telling us it is there, but what entry are you looking at.....I know some people would have taken it at the WP as either a very aggressive 10.4 of a pivot bounce, however i have a pending just above the mid pivot and those couple of highs (101.521) and again above the Weekly Res1 (102.295)

The concern i have with this trade setup, is it is on a slight down trend on the daily chart and failed to make a real new high, so i have set my pending some distance from price and ask price to come to me.....If price gets below the Weekly Pivot, then i think all bets are off...

Wiggy

sk29 wrote:Hi, Chris.

I've attached the indicator you liked. Add it to a blank chart.

To answer your question about MPTM, yes, I use it to set SL, TP, BE and Trail. The reason I use it is because I have a very hectic day job sitting in meetings 12 hours a day and I dont ever get a chance to look at my screen other than for about an hour every night

--SK--

Foreverforex wrote:getting same errors and bogging down my Empty4. Where is this "ShowInfo" you mention, don't see it in the indicator properties dialogue box/tabs.

TIA,

FF

sk29 wrote:Hi Ethe,

First, thank you for the 1.02 dashboard modification that you made to candletiger's 1.01. Appreciate your sharing that!

I used the Stoch this week, but will be transitioning to the RSI template starting next week. I (personally) don't think either indicator reduces or adds to the edge in any significant way. They are both great at providing great entry alerts at different times but not necessariliy at the same time. I've found that Bob's system itself is the edge (i.e., just the 240MA and the Pivots).