Hello All,On days like today when there no 10.4 options, you definitely start looking for new options.
have been following discussion here. i think what's stated is the cause, no 10x action thus look elsewhere. People, how many times are we going to repeat the same things over & over & over again. What people like Bob or Jem or CJ or a whole lot others do is not second guess the market but stick to their study or experience or whatever one might want to call it. We saw when the yen strengthened, Bob was still bearish on it and i think still is. He might have lost a few pips here & there for it but he stuck to it & my guess is he'll stick to it unless convinced otherwise. Same with so many other on the forum, they stick to it unless they're convinced otherwise.
The Market is currently playing a different tune than it was for the first half of the yr. Would it not be better or wise for us meager folks to wait for the drum rolls to play for some more time thus we get familiar with it and then play our cards out carefully? Every time the market has a mood swing, a lot of us, including myself, start to look for things and conjuring up images to feed our insatiable ego, only to realise at a later time that we have been fooled, once again.
There are / would be a whole bunch of other system that would sometimes give the exact opposite trades to 10x and even then, both of them would yield pips in favour. It is what we make of any system in consistency over the long run rather than being lead by a few random lines or indis or market mood swings. i'm in no way implying that we do not try & test different stuff but i feel the tone of discussion now is starting to look for stuff by changing things that have worked rather well for us in the past. When i get this feel, i feel sorry for the person / people who have given their time and resources for the system they have tuned and shared.
So don't let market swings scare us away from something that has been given a lot of test of time (Bob's development of 10X is not overnight but over the years). Discipline and patience are the other two qualities required for success in this line of trade, rather any line of trade i think. So we ought to build them first instead of building or following any system.
Cheers,
