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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 186 of 745
Author:  sk29 [ Thu Mar 14, 2013 2:51 pm ]
Post subject:  Re: 10.4 A Complete System
Capture2.JPG
Have a bit of a DD, but overall lots of pips... now up to 975 pips profit

looking good so far...

--SK--
Author:  Gertje [ Thu Mar 14, 2013 2:54 pm ]
Post subject:  Re: 10.4 A Complete System
sk29 wrote:
Capture2.JPG
Have a bit of a DD, but overall lots of pips... now up to 975 pips profit

looking good so far...

--SK--
I think you're to carefull with lotsize.
Author:  Wiggy1965 [ Thu Mar 14, 2013 3:22 pm ]
Post subject:  Re: 10.4 A Complete System
cmeade2 wrote:On the other hand, GbpNzd at the WR1 looks like a "by the rules" short
No, you need to put your pending below, so under the Weekly Pivot....and not the WR1

Edit, why would you put a sell order on a pair that is still going up and RSI is not flat and, at the very least put the pending below the mid pivot and allow price to come back to you....gshhh

Wiggy
Author:  Wiggy1965 [ Thu Mar 14, 2013 3:24 pm ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:Just the WP-cross back into trend would do it for me.
cmeade2 wrote:I agree that it is not by the "rules" since the RSI(2) is not flat. But it is quite high and I noted from Bob's trades last week that he entered situations like this.
Wiggy1965 wrote:
cmeade2 wrote:Short GbpCad at the WP?
That trade does no make sense and I'm pretty sure it's not a 10.4 trade...

The signal was yesterday and when you get the signal, you look for entries below, in the case of a short and above in the case of a long.....the pending should have been at the mid pivot or below around the .5295 level...

Wiggy
That's not a 10.4 trade, but you and i have debated this already....
Author:  AlanC [ Thu Mar 14, 2013 3:26 pm ]
Post subject:  Re: 10.4 A Complete System
sk29 . . .I like your info page. I have the i-Profit tracker, what are the other 2 you are using?

Alan
sk29 wrote:
Capture2.JPG
Have a bit of a DD, but overall lots of pips... now up to 975 pips profit

looking good so far...

--SK--
Author:  Gertje [ Thu Mar 14, 2013 3:28 pm ]
Post subject:  Re: 10.4 A Complete System
Wiggy1965 wrote:
cmeade2 wrote:On the other hand, GbpNzd at the WR1 looks like a "by the rules" short
No, you need to put your pending below, so under the Weekly Pivot....and not the WR1

Wiggy
Hi Wiggy,

Why would you do that?

MR1 looks like a good spot, it's a little close to the 240MA so I made the SL a little bigger to give it some room in case it triggers.

Interested in your reasoning why you would want the entry at MR1 pass and just jump in at WP.
Author:  Gertje [ Thu Mar 14, 2013 3:30 pm ]
Post subject:  Re: 10.4 A Complete System
Wiggy1965 wrote:
Gertje wrote:Just the WP-cross back into trend would do it for me.
cmeade2 wrote:I agree that it is not by the "rules" since the RSI(2) is not flat. But it is quite high and I noted from Bob's trades last week that he entered situations like this.
Wiggy1965 wrote:
cmeade2 wrote:Short GbpCad at the WP?
That trade does no make sense and I'm pretty sure it's not a 10.4 trade...

The signal was yesterday and when you get the signal, you look for entries below, in the case of a short and above in the case of a long.....the pending should have been at the mid pivot or below around the .5295 level...

Wiggy
That's not a 10.4 trade, but you and i have debated this already....
Than I haven't been able to put my point across.
Author:  Wiggy1965 [ Thu Mar 14, 2013 3:33 pm ]
Post subject:  Re: 10.4 A Complete System
cmeade2 wrote:I agree that it is not by the "rules" since the RSI(2) is not flat. But it is quite high and I noted from Bob's trades last week that he entered situations like this.
Wiggy1965 wrote:
cmeade2 wrote:Short GbpCad at the WP?
That trade does no make sense and I'm pretty sure it's not a 10.4 trade...

The signal was yesterday and when you get the signal, you look for entries below, in the case of a short and above in the case of a long.....the pending should have been at the mid pivot or below around the .5295 level...

Wiggy
I'm not sure i have seen bob trade like that....If he did, it may have been a pivot bounce trade, but i pretty sure it's not a 10.4...

you signal was yesterday and even if you left it to the last moment of the rsi being flat, you still trying to put a pending above....

I'm not sure why we are having this conversation, with all the trades available, i don't understand why you are trying to look for marginal trades....

Wiggy
Author:  Gertje [ Thu Mar 14, 2013 3:34 pm ]
Post subject:  Re: 10.4 A Complete System
GBPCAD is ranging between 1.8 and 1.84 for 4 weeks now, bounced off the 240ma already 5 weeks ago, chances are it's going down again soon.

- RSI is flattish [99.something], flat the next candle
- AO is above 0
- WP is about to get crossed

3 out of 4 10.4 rules are fullfilled, what more does one want?
Author:  Gertje [ Thu Mar 14, 2013 3:36 pm ]
Post subject:  Re: 10.4 A Complete System
THAT"s a big no indeed.
Wiggy1965 wrote:you signal was yesterday and even if you left it to the last moment of the rsi being flat, you still trying to put a pending above....

Wiggy
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