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10.4 A Complete System
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Author:  nanningbob [ Thu Mar 14, 2013 4:56 am ]
Post subject:  Re: 10.4 A Complete System
Anyone bored now?? Markets not moving enough?? Dang did anyone get those AUD setups, they were there, I was fixing the sound system in my wife's classroom instead of trading during my break. I wonder how many pips I missed on that one. Didnt see that one at all.
Author:  Chris [ Thu Mar 14, 2013 5:12 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Anyone bored now?? Markets not moving enough?? Dang did anyone get those AUD setups, they were there, I was fixing the sound system in my wife's classroom instead of trading during my break. I wonder how many pips I missed on that one. Didnt see that one at all.
The AN?
Author:  etheldreda [ Thu Mar 14, 2013 5:23 am ]
Post subject:  Re: 10.4 A Complete System
Chris wrote:
nanningbob wrote:Anyone bored now?? Markets not moving enough?? Dang did anyone get those AUD setups, they were there, I was fixing the sound system in my wife's classroom instead of trading during my break. I wonder how many pips I missed on that one. Didnt see that one at all.
The AN?
If using Sto: AUDUSD and AUDNZD, using RSI: AUDNZD.
But the pending order will be above R1, which usually I set as my TP....
Well turned out AUDNZD now is on R3... :o

In my account, I still have that NZDJPY floating in negative zone and USDCHF in positive zone..
Go NZD, let my trade back to positive zone :D

-ethe-
Author:  Wiggy1965 [ Thu Mar 14, 2013 5:26 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Anyone bored now?? Markets not moving enough?? Dang did anyone get those AUD setups, they were there, I was fixing the sound system in my wife's classroom instead of trading during my break. I wonder how many pips I missed on that one. Didnt see that one at all.
nb, which AUD trade are you referring to....?

I'm thinking of taking AJ long with a pending just above previous high at 99.640 then a second pending above Weekly Res1....This is a little departure (the first trade is) from 10.4 and my own careful approach, as normally i would not set this first trade and wait for price to break the Pivot (Weekly Res 1).....I may still remove it (the first trade), as I'm spending a bit of time staring at it asking myself "am i happy with that..?"

I have a few trades in profit UC, EC, CC and some in DD (primarily bloody xMeter NJ longs), but my week is good so far with 547 pips locked away.....My goal for the rest of the week is to ensure i done get hurt and to try and manage my way out of the couple of DD trades....Might start by turning xMeter off...;-)

Wiggy
Author:  wdzhm [ Thu Mar 14, 2013 6:03 am ]
Post subject:  Re: 10.4 A Complete System
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--

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. :D
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?
Indicators of good, thank you
Author:  nicoacademia [ Thu Mar 14, 2013 6:14 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Anyone bored now?? Markets not moving enough?? Dang did anyone get those AUD setups, they were there, I was fixing the sound system in my wife's classroom instead of trading during my break. I wonder how many pips I missed on that one. Didnt see that one at all.
only got the AJ. been following it the whole of this week.(CJ for 2 weeks:related play from oil)
i've never traded NZD before. but after seeing how weak it is(and how much it moved on AN) it will be included to the hit list. :twisted:
Author:  Wiggy1965 [ Thu Mar 14, 2013 6:33 am ]
Post subject:  Re: 10.4 A Complete System
allisonmagic wrote:here's my pending list ( wiggy, not all of these will be opened lol)

can i get some feedback ?
Grasshopper,

I'll give you an exercise, keep only half of these....!

Then detail why you have keep the one you have and why you have deleted the others...!

We can then discuss your comments....

Regards
Wiggy
Author:  nicoacademia [ Thu Mar 14, 2013 6:34 am ]
Post subject:  Re: 10.4 A Complete System
anyway CHF interest rate decision and monetary report coming up.
fuel for CHFJPY fire.(or not yet)
Author:  Wiggy1965 [ Thu Mar 14, 2013 6:35 am ]
Post subject:  Re: 10.4 A Complete System
allisonmagic wrote:here's my pending list ( wiggy, not all of these will be opened lol)

can i get some feedback ?

Oh, i can see you are back to 0.01 lots ;-)

Wiggy
Author:  nanningbob [ Thu Mar 14, 2013 6:41 am ]
Post subject:  Re: 10.4 A Complete System
Looks like today is a big trade day with any type of news spooking the market. I have added a level and enlarged my TP to see if I can catch a big move. Should be fun and definitely not for the weak of heart. Love watching traders who trade tight stops how the brokers enlarging spreads knock them out. My SL are will out of range. and if they spike and run I get multiple entrances. Sounds like fun to me. Euro open here we come.
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