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10.4 A Complete System
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Author:  nanningbob [ Wed Mar 27, 2013 1:52 am ]
Post subject:  Re: 10.4 A Complete System
spillini wrote:OK, I know this isnt going to set well with some of you guys, but has anyone really checked out US/ Singapore. Nice spike to pullback and nice setup lurking. I have had some luck with this pair and giving an FYI.

Jim
I loved that pair when I could trade it, no longer offered by my broker. It is one of the great ranging pairs and wont get away from you if you have a bad entrance. Nice pair to trade. You could learn that one pair, trade big lots and make a nice living on it.
Author:  nanningbob [ Wed Mar 27, 2013 2:35 am ]
Post subject:  Re: 10.4 A Complete System
I am going to set up several trades today using 10.5. I see very few setups on the 10.4 because many pairs are either hugging the 240 line or are beyond or at the S1R1 line. Since price is being so news driven I went the daily and will take the crossing of the daily pivot or daily mid pivot to enter.

eur/nzd for example
Author:  nanningbob [ Wed Mar 27, 2013 2:38 am ]
Post subject:  Re: 10.4 A Complete System
eur/aud I simply am not seeing any retracements which means no one wants to buy but if it sells it will be big or could be big. So 10.5 do your thing.
Author:  etheldreda [ Wed Mar 27, 2013 2:46 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Actually those are bad words, what it means is the increase of the rate of increase is slowing down. The chart still shows that price action is going up/down but not as fast as it was earlier. So I am using a poor choice of words. Their rate of increase or inertia is slowing down. I will try to remember to use better terminology in the future so as not to cause confusion. JPY and USD are nearest zero so their increase or decrease of price action is small or flat.
Bob,
the words are fine.. I can understand it, also you have explained it yesterday about the inertia (though because English is not my primary language, I have to look for the meaning of "inertia" word :oops:).
The thing is yesterday I tried to read CSS using only current day slope to "predict" currency movement of the day. So for example when the previous slopes was above 0, slowing down but today's slope is up.. I read it as "stronger" without considering the previous slope slowing down. I wonder if in this case I should look only the slope-up part or still consider as slowing down.

I will post a picture later when this situation appears again. Right now today's slope already changed and I cant capture what I want to ask you.

thank you,
-ethe-
Author:  Nipponho [ Wed Mar 27, 2013 2:51 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote: I loved that pair when I could trade it, no longer offered by my broker. It is one of the great ranging pairs and wont get away from you if you have a bad entrance. Nice pair to trade. You could learn that one pair, trade big lots and make a nice living on it.
On my Cowboy IBFX au demo, it still shows as tradable. This pair was not listed as Group 1 in the Pivots booklet, but looks similar to AU, reacts very well to WMS2/WMR2, & quite well to WS1/WR1
Author:  nanningbob [ Wed Mar 27, 2013 2:59 am ]
Post subject:  Re: 10.4 A Complete System
etheldreda wrote:
nanningbob wrote:Actually those are bad words, what it means is the increase of the rate of increase is slowing down. The chart still shows that price action is going up/down but not as fast as it was earlier. So I am using a poor choice of words. Their rate of increase or inertia is slowing down. I will try to remember to use better terminology in the future so as not to cause confusion. JPY and USD are nearest zero so their increase or decrease of price action is small or flat.
Bob,
the words are fine.. I can understand it, also you have explained it yesterday about the inertia (though because English is not my primary language, I have to look for the meaning of "inertia" word :oops:).
The thing is yesterday I tried to read CSS using only current day slope to "predict" currency movement of the day. So for example when the previous slopes was above 0, slowing down but today's slope is up.. I read it as "stronger" without considering the previous slope slowing down. I wonder if in this case I should look only the slope-up part or still consider as slowing down.

I will post a picture later when this situation appears again. Right now today's slope already changed and I cant capture what I want to ask you.

thank you,
-ethe-
Indicators are great tools until a super news story takes over. Govt. closing banks and taking part of people's deposits to cover losses is a super news story. Indis are not going to give you real accurate reads on the market. We had a big drop in the euro and now a pause. People are going to run to the bank and get their money or what is left of it out. Now how big of a rush is that going to be I dont know. If you got a million Euros in the bank and you live in Germany or France or Switzerland are you going to leave it or maybe find something else to buy into like: gold, silver, USD, AUD, or what ever. No indi is going to predict what happens next. I do know this, unless some really really big boys drop in and decide to prop up or stabilize the euro, I dont see anyone buying it right now. But does that mean they will sell either?? Only one way to find out. Set up some trades, feel safe that buys arent going to really happen and let it fly. That is trading, that is my analysis, I will put some funds on the line today but not like I did Monday. Eur/Aud, Eur/NZD, Eur/Cad are getting my sells today. Along with GBP/CAD and GBP/AUD. I dont trust the CHF. SO let it fly. Eur/Nzd drop during the NZD session convinced me that is what is going to happen today. If I am right, I may hit my 1000 pip week. If I dont I want to keep my 4% I have already earned this week in the bank. So people of Cypress go get your money and buy other currencies with it and not gold or silver. Thank you very much.
Author:  zentauro67 [ Wed Mar 27, 2013 3:05 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:I am going to set up several trades today using 10.5. I see very few setups on the 10.4 because many pairs are either hugging the 240 line or are beyond or at the S1R1 line. Since price is being so news driven I went the daily and will take the crossing of the daily pivot or daily mid pivot to enter.

eur/nzd for example

You are a brave man! 400 pips away from 240MA and still shorting! :o
Author:  nanningbob [ Wed Mar 27, 2013 3:34 am ]
Post subject:  Re: 10.4 A Complete System
zentauro67 wrote:
nanningbob wrote:I am going to set up several trades today using 10.5. I see very few setups on the 10.4 because many pairs are either hugging the 240 line or are beyond or at the S1R1 line. Since price is being so news driven I went the daily and will take the crossing of the daily pivot or daily mid pivot to enter.

eur/nzd for example

You are a brave man! 400 pips away from 240MA and still shorting! :o
Yeah but that is not the issue. This is where traders who specialize in overbought and oversold get their butts handed to them. When you get into these DT that can last for months, yes you are going to be 3,4,5,600 or more pips away from the 240 line. This is where a news driven market differs from the normal market.
Author:  grasshopper [ Wed Mar 27, 2013 3:39 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:eur/aud I simply am not seeing any retracements which means no one wants to buy but if it sells it will be big or could be big. So 10.5 do your thing.
Would some one point me to the 10.5 V5 manual and latest indies. I found ne indi on 195-196 of the 10.4 forum, I was not sure if this is the latest?
Thank you.
Author:  zentauro67 [ Wed Mar 27, 2013 3:54 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
Yeah but that is not the issue. This is where traders who specialize in overbought and oversold get their butts handed to them. When you get into these DT that can last for months, yes you are going to be 3,4,5,600 or more pips away from the 240 line. This is where a news driven market differs from the normal market.
Maybe this was the weak point in Old 5.0 system. It was good in normal markets, but unexpected news could make a killing trade beyond any recovery system. Following old 5.0 you should be here (EURNZD) looking for a reversal, with 10.4 you are betting for a continuation.
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