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10.4/10.5 trades only
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2137		 Page 21 of 68
Author:  Jemook [ Fri May 24, 2013 2:47 am ]
Post subject:  Re: 10.4/10.5 trades only
amleth wrote:Possible short on CHFJPY?
pic4.png
I don't see any trades for me until I see some pinned RSIs.
Author:  nanningbob [ Fri May 24, 2013 3:14 am ]
Post subject:  Re: 10.4/10.5 trades only
amleth wrote:Possible short on CHFJPY?
pic4.png
Possible good trade. You never do this the first week of the month (go with JPY strength) but could be a good setup for today. Watch the angle of the JPY on the 4H chart and go with the flow.
Author:  ShirtonFx [ Fri May 24, 2013 3:21 am ]
Post subject:  Re: 10.4/10.5 trades only
fok wrote:
Jemook wrote:
amleth wrote:Possible short on CHFJPY?

I don't see any trades for me until I see some pinned RSIs.
Hi Jeremy and all, somewhere else you did write the same. Took only trades if RSI is pinned. I am sorry but don't understand what "pinned RSI" does mean, can you provide a picture of a pinned RSI?
1.png
Thanks! :D
Surely this is where the RSI is "flat-lining" at the top (for a short) or "flat-lining" at the bottom for a long. i.e. been at the top or bottom for a few bars or more.
Author:  ShirtonFx [ Fri May 24, 2013 3:50 am ]
Post subject:  Re: 10.4/10.5 trades only
fok wrote:
ShirtonFx wrote:
fok wrote:
Jemook wrote:
amleth wrote:Possible short on CHFJPY?

I don't see any trades for me until I see some pinned RSIs.
Hi Jeremy and all, somewhere else you did write the same. Took only trades if RSI is pinned. I am sorry but don't understand what "pinned RSI" does mean, can you provide a picture of a pinned RSI?
1.png
Thanks! :D
Surely this is where the RSI is "flat-lining" at the top (for a short) or "flat-lining" at the bottom for a long. i.e. been at the top or bottom for a few bars or more.
Thank's, ShirtonFX.

Should be looking like this.
1.png
Thats it!!
Author:  amleth [ Fri May 24, 2013 4:10 am ]
Post subject:  Re: 10.4/10.5 trades only
nanningbob wrote:
amleth wrote:Possible short on CHFJPY?
pic4.png
Possible good trade. You never do this the first week of the month (go with JPY strength) but could be a good setup for today. Watch the angle of the JPY on the 4H chart and go with the flow.

Thanks! Took the trade a bit late, but still managed to get about 30 pips at WS1. However, with the 240 MA so near, I thought it was a relatively low risk trade if the stop loss was placed slightly above 240 MA.
pic5.png
Author:  Prophit [ Fri May 24, 2013 5:59 am ]
Post subject:  Re: 10.4/10.5 trades only
amleth wrote:
nanningbob wrote:
amleth wrote:Possible short on CHFJPY?
pic4.png
Possible good trade. You never do this the first week of the month (go with JPY strength) but could be a good setup for today. Watch the angle of the JPY on the 4H chart and go with the flow.

Thanks! Took the trade a bit late, but still managed to get about 30 pips at WS1. However, with the 240 MA so near, I thought it was a relatively low risk trade if the stop loss was placed slightly above 240 MA.
pic5.png
Amleth, I pinched a cheeky 20 pips from that setup but really I thought those three long candle-wicks were saying "be wary of short trades" ;)
Author:  art [ Fri May 24, 2013 7:22 am ]
Post subject:  Re: 10.4/10.5 trades only
morning guys from another grey day in uk, the chfjpy trade although chf is under jpy on the 4 hour css, its pointing up same angle as jpy, although jpy has flattened a bit, so does that negate going short?
Author:  bernard [ Fri May 24, 2013 7:23 am ]
Post subject:  Re: 10.4/10.5 trades only
Good opportunity to sell GBPUSD, but I am always scared to go against GBP !!

Guys, lets keep this thread ONLY for the trades that you are taking with a screenshot.
We still have the big thread http://www.stevehopwoodforex.com/phpBB3 ... start=4810
for the general discussions.

Best
Bernard
Author:  nanningbob [ Fri May 24, 2013 8:09 am ]
Post subject:  Re: 10.4/10.5 trades only
art wrote:morning guys from another grey day in uk, the chfjpy trade although chf is under jpy on the 4 hour css, its pointing up same angle as jpy, although jpy has flattened a bit, so does that negate going short?
What that means is they will range with each other. In other words they will stay between a high and low. So depending where you put your trade will determine your success. Except for the run yesterday, if you look at a 4H chart price movement has just been passing back and forth across the WP line for the last 2 1/2 weeks. It is ranging with a big news story knocking it out for a day.
Author:  Gertje [ Fri May 24, 2013 8:44 am ]
Post subject:  Re: 10.4/10.5 trades only
cmeade2 wrote:Hey Gertje

We are all totally impressed with your trading skills. I know you posted a log a couple of weeks ago. But as I remember you have some pretty straightforward rules about when to get in/out.

Could you post these again?

Thanks

cmeade2
Gertje wrote:you guy's are too late.... :)
.
Hi Cmeade2,

This list of trades has nothing to do with skills, history has proven that JPY after such a movement will bounce back. I just used that bounce back to enter and exit trades. I entered a pending on every line on a 20 pip grid, and TP on the next line. Every next order that entered, closed the previous after the spread has been 'done'. If prices rise I win, if they don't I'm not in.

Nothing to do with 10.4, just taking advantage of the situation. One month ago the same movement killed my account, now I used it to raise my balance.

The JPY pairs are a bonus these days, I'm planning to do a full month survey to see how much of this months profit is due to JPY, and how much of "real 10.4/5 trading. My guess is 1:1 or in other words 50% is JPY and the other 50% are other pairs.
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