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| 10.6 EDSEL https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259 |
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| Author: | Gertje [ Tue Apr 01, 2014 4:56 pm ] |
| Post subject: | 10.6 EDSEL |
Basically 10.3/4 where the (M)S/R are replaced by these ATR based lines? |
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| Author: | lionsden [ Tue Apr 01, 2014 7:21 pm ] |
| Post subject: | 10.6 EDSEL |
Thank you Kindly. |
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| Author: | nanningbob [ Tue Apr 01, 2014 10:18 pm ] |
| Post subject: | 10.6 EDSEL |
When I used LWMA it works also, that is the actual code but the program is set up to read the number also so both will work. |
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| Author: | zentauro67 [ Tue Apr 01, 2014 10:29 pm ] |
| Post subject: | 10.6 EDSEL |
This could be a translation to the chart from the AUD CSS pattern I talked yesterday. AUD use to do this kind of zigzag before strenghtening, so I´m not taking in consideration the harmonic pattern (bearish bat) in AUDNZD and I´ll take it just as the opposite, as a bullish formation. In fact, we can dream of a H&S inverse here. Dummie lights are already in green and, taking a look to the weekly chart from 1996 until now, we could talk even of the first steps of a super-reversal. |
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| Author: | lionsden [ Tue Apr 01, 2014 11:27 pm ] |
| Post subject: | 10.6 EDSEL |
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| Author: | nanningbob [ Tue Apr 01, 2014 11:47 pm ] |
| Post subject: | 10.6 EDSEL |
I like long term AUD down or range mainly because China is slowing down and it is being done on purpose. They need to shake out their bad loans and that will take a while. I dont think of it as a doomsday thing but its going to take some time. I dont see AUD going anywhere near 1.00 again anytime soon but that .80-.90 range seems about right long term. Weekly looks like this with TMA/COG and the Daily looks like this with TMA/COG. |
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| Author: | zentauro67 [ Tue Apr 01, 2014 11:53 pm ] |
| Post subject: | 10.6 EDSEL |
Of course, AUDUSD could surely range, but AUDNZD, the pair I´m most interested, looks bullish to me. Time will say... (BTW, NZDCAD short looks great after CSS slopes) |
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| Author: | nanningbob [ Wed Apr 02, 2014 12:01 am ] |
| Post subject: | 10.6 EDSEL |
I have begun my rewriting of my 10.4 booklet. It will include the 10.6 EDSEL and the newest update I have been calling 10.7. It includes everything from TP SL Muli-level trades range, trend both short and long term, and a more specific entrance and exit than we have had in the past. Getting the 60 MA tied with ATR was exactly what I was looking for and Milanese is working on a complete warning system that will call for entrances and exits. The exit will have two or three calls. A short term now or almost daily, a medium term that can last more than a day, and working on the long term. Let your winners run. Basically we have come up with an indi that is quick and easy to read and you can use any kind of screen with it from naked to TMA to COG to 60MA with ATR or anything else but the overall chart screen becomes simplified. The CSS info page does not change. Each currency will have its own separate TP and SL range based on the ATR indi we just posted. If you dont use that you can use what you are already familiar with since you know how to work your personal indi. I have also added lower TF trading so you can use this to scalp 15M charts, dont know 5M or 1M but I am sure someone will figure it out. I really like the looks of the 1H when its ranging and the 30 M when its trending very strongly and when price action is normal 4H (myfavorite) works fine. I have the booklet 1/3 written at this time and hope .............. maybe hope ................ I can finish it this weekend. I have had no DD this week with 15 wins and 1 loss and the loss came quickly because it catches the wrong turn quickly. I am having a good time and the 3 others that are testing it are too. It is getting there and we owe Milanese a million thanks for his contributions to programming the changes and making them 6xx compatible. The 240/60 MA dont change (except adding ATR) and CSS doesnt change. Specific places to enter and exit are there which is added to the STO7. In other words we are improving the STO7 reads and adding range and CT trades. I am really excited about this update. |
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| Author: | rocketman99 [ Wed Apr 02, 2014 12:05 am ] |
| Post subject: | 10.6 EDSEL |
I have some observations to make from the recent discussions about grids, swap and some of the trades discussed. A mention was made about GBPCAD and EURCAD. The suggestion was to go short. I decided to zoom out to the weekly chart and noticed that going short on these pairs shows they are in a multiyear strong uptrend. With my luck going against the trend will get me stopped out. This led me to a thought about what Bob said about grids! I checked all the long term trends (weekly/monthly) and noticed that suprisingly a number of the pairs have strong trends in the direction of the positive swap. So why not just use Bob's teachings and grid up in the direction of the very long term trend and positive swap? This is low risk - you just need to be able to stomach the drawdown and not get a margin call (only 0.01 lotsize). Also there is no hedging so this will work for US traders too. Here is a list of all the pairs with positive or zero swap in direction of the long term trend: EURJPY - strong up GBPUSD - strong up NZDUSD - strong up USDJPY - strong up GBPJPY - strong up NZDJPY - strong up NZDCAD - strong up AUDCAD - mixed, uptrend EURNZD - mixed, downtrend GBPCHF - ranging, positive swap NZDCHF - ranging, positive swap GBPNZD - ranging, negative swap - getting to bottom of cycle So I have started an experiment to see how long I can take the stress of holding on into the trend. Lets hope it works out. |
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| Author: | nanningbob [ Wed Apr 02, 2014 12:14 am ] |
| Post subject: | 10.6 EDSEL |
Give it a couple of days and I will help take some of that stress out. |
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