stevehopwoodforex.com • 10.4 A Complete System

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VirtualFM [ Fri Mar 22, 2013 12:11 am ]

Post subject:

Re: 10.4 A Complete System

Well, for me it was a pretty good week until now, but still on time to mess everything up!

Yesterday, with all the GBP news, I put a ton of pending sells/buys all over the place, with short TPs and SLs. As a consequence of that and a sudden quick move by NZD, I got a lot of quick small profit wins that amounted to some good pips overall: I got one loss (NZDCAD, 80 pips) and the rest were profits, between 30 and 70 pips each, so in the end got about 75 pips profit.

Today I had an "OMG, I'm screwed!!!" moment, because my wife distracted me and I sent an order of 1 Lot... a whole Lot!!! I got lucky, as it didn't went to the wrong side of the trade very far, quickly put a TP of ONE PIP!!! And got it, being equivalent to 100 pips of my regular lot size

Why would I put a trade of 1 lot in the first place, might you ask?! Well, my broker is tricky, and while in regular currencies the minimum lot is 0.01, silver, gold and commodities the minimum may be 0.1 or 1 lot, representing a very different amount of real money. The problem is that I really have to pay attention to the number in "lots" when placing trades. So, 1 lot in some commodities may be "only" 30€, but in EURUSD, for example, is 500€!

Anyway, after getting that out of my chest I continued with regular trading and it was going OK... until I got bold and then completely fried with Oil (no pun intended!), making me taking profits of 5-10 pips in other trades (that I should have kept running) just in order to get some margin back. I've managed so far, but it's still not over! With that big DD will see if I can save the weeks' profits or dive into loss again.

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Author:	huhpapa [ Fri Mar 22, 2013 12:31 am ]
Post subject:	Re: 10.4 A Complete System
Nipponho wrote: huhpapa wrote: Totally agreed with cjthomson, Bob !!! your 10.4 and 5 totally re-gain my confidence in trading forex, just scanning the charts and setting pending order as per your guidance with what I see on the charts, had just provided me with this kind of results: and now knowing how you schedule around this system gives me even a clearer understanding as to how to go about it. Thank you very much ... now I can make a come back to regain all my busted accounts and years of chart watching. Hi Huhpapa, could i ask, did u take all the signals that appear or did u use the CSS to filter? Hi Nipponho, as and when I can, I scan the charts and take what I see (not all the trades but those I like ... top down M,W,D, then H4 & H1), did not refer much to CSS initially, but of late Bob mentioned about and I am trying to understand this approach. It make sense to use this to find the movers. And when I see profits, just bank it and find new trades. As for the negative trades, if itz not near 240, I just wait, when I don't like it just take lost. I am not good at telling whatz in my mind, but somehow this 10.4 and 5 plus CJ works well with the way I think and trade. I tried 10.0 till 10.3 ... don't know why it did not work out ... till 4 and 5.

Author:	Jemook [ Fri Mar 22, 2013 1:09 am ]
Post subject:	Re: 10.4 A Complete System
cjthomson wrote:Anyone know why my SlopeStrength Indi's aren't updating. I've restarted Empty4 a couple of time now and have been waiting on it for quite a while, say 10 min now! Try switching the timeframes, works for me.

Author:	nanningbob [ Fri Mar 22, 2013 1:49 am ]
Post subject:	Re: 10.4 A Complete System
I have given CSS its own page and when it does that I delete it and put it back on the chart. If someone can alert Baluda to the problem he can add a refresh code or something to it.

Author:	zentauro67 [ Fri Mar 22, 2013 2:38 am ]
Post subject:	Re: 10.4 A Complete System
My CPU and CSS are not good friends. I´m using CCFP cluster indicator. Not so complete but very light, and gives a clear reading. http://codebase.mql4.com/5862 The next article is a must read: http://articles.mql4.com/484

Author:	cjthomson [ Fri Mar 22, 2013 6:49 am ]
Post subject:	Re: 10.4 A Complete System
barnov wrote: CJ - I had similar and despite stop/start it never changed, but then I simply edited the indicators from the chart (as if I were going to change a variable - without actually changing anything) and it took 15-20secs and then the indis were back Regards Paul Thanks Paul, thats worked for me. I was deleting the entire indi and then re inserting it - ball ache!

Author:	rebyte2 [ Fri Mar 22, 2013 6:57 am ]
Post subject:	Re: 10.4 A Complete System
rebyte2 wrote: rebyte2 wrote:This is my pick for the coming week. EURAUD is in a strong downtrend, with nice entries on pull backs. RSI (2) is 'telling' us to place pendings for the next leg down. Also have EURCAD and EURGBP on my alert. Cheers... Roscoe PS... Have a great St. Patrick's Day to all those crazy Irish buggers. Nice gap down this morning, so exited this short at 1.2458.... Entry was 1.2612 Will wait for pullback for another crack at the sells. Awesome way to start off the week. EURAUD still giving up pips to those wanting some. Now building a base to retrace back. Have pending shorts sitting above waiting for price to come up to me. Whilst i'm waiting, i have a CT long in place to capture some of those pips, for weekend pocket money.

Author:	Wiggy1965 [ Fri Mar 22, 2013 7:05 am ]
Post subject:	Re: 10.4 A Complete System
rebyte2 wrote: rebyte2 wrote: rebyte2 wrote:This is my pick for the coming week. EURAUD is in a strong downtrend, with nice entries on pull backs. RSI (2) is 'telling' us to place pendings for the next leg down. Also have EURCAD and EURGBP on my alert. Cheers... Roscoe PS... Have a great St. Patrick's Day to all those crazy Irish buggers. Nice gap down this morning, so exited this short at 1.2458.... Entry was 1.2612 Will wait for pullback for another crack at the sells. Awesome way to start off the week. EURAUD still giving up pips to those wanting some. Now building a base to retrace back. Have pending shorts sitting above waiting for price to come up to me. Whilst i'm waiting, i have a CT long in place to capture some of those pips, for weekend pocket money. What strategy is this, is does not look like 10.4 or 10.5... Wiggy

Author:	nanningbob [ Fri Mar 22, 2013 7:18 am ]
Post subject:	Re: 10.4 A Complete System
CSS aud is on top and jpy and euro are on the bottom time to go look for some trades.

Author:	rebyte2 [ Fri Mar 22, 2013 7:20 am ]
Post subject:	Re: 10.4 A Complete System
Wiggy1965 wrote: rebyte2 wrote: rebyte2 wrote: rebyte2 wrote:This is my pick for the coming week. EURAUD is in a strong downtrend, with nice entries on pull backs. RSI (2) is 'telling' us to place pendings for the next leg down. Also have EURCAD and EURGBP on my alert. Cheers... Roscoe PS... Have a great St. Patrick's Day to all those crazy Irish buggers. Nice gap down this morning, so exited this short at 1.2458.... Entry was 1.2612 Will wait for pullback for another crack at the sells. Awesome way to start off the week. EURAUD still giving up pips to those wanting some. Now building a base to retrace back. Have pending shorts sitting above waiting for price to come up to me. Whilst i'm waiting, i have a CT long in place to capture some of those pips, for weekend pocket money. What strategy is this, is does not look like 10.4 or 10.5... Wiggy Wiggy.... If you referring to the pending shorts.... 1 of the 3 is a pending 10.4 on the WMS line, which happens to be a fib line(confirmation). The other 2 are fib settings, but still employing the 10.4 idea on selling in to pullbacks. If the RSI 2 is not up in the top paddock as price moves up, then i will remove the lowest pending, and so forth, until i get a result.

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