10.4 A Complete System

[rebyte2]

i think the downtrend in the EURUSD will continue. as will the USDJPY down trend.
just wait this retrace out. the right time will come. still early in the week with NFPs at the end of the week too.

If the above is true, sell BIG EURJPY since that is the outcome of your statement.

Actually, the 1H 10.5 STO 5 is giving hints of a possible trade.

[Gertje]

gbp/aud, gbp/cad, gbp/nzd and gbp/jpy look good for bounces off of the 240 line. I just dont believe the strength move of the GBP right now. These are all low risk sells and great retracements back into the DT. Ignoring CSS to my peril I guess. Here is gbp/cad example

And you were right...........!

[nicoacademia]

i think the downtrend in the EURUSD will continue. as will the USDJPY down trend.
just wait this retrace out. the right time will come. still early in the week with NFPs at the end of the week too.

If the above is true, sell BIG EURJPY since that is the outcome of your statement.

wouldn't post if i wouldn't action on it.
i'm a scaled up seller already even if it ever pops up to 120.20.
(which means i've built up sells 119.7 119.8...i'll leave the gap to 120. and 120.1 120.2)
i'm actually watching the USDJPY to time the bigger sizes coming in.

ediT:selling it now.
(i don't watch the GBP. but man. it's even weaker than the EUR)

[nanningbob]

gbp/aud, gbp/cad, gbp/nzd and gbp/jpy look good for bounces off of the 240 line. I just dont believe the strength move of the GBP right now. These are all low risk sells and great retracements back into the DT. Ignoring CSS to my peril I guess. Here is gbp/cad example

And you were right...........!

I probably just had my hottest trading session in my life excepting the time I caught the CHF intererence last year when I had one trade pop over 800 pips. But as far a multiple trades I have never had anything like this before. Dang. I am almost afraid to post it because no one will believe me but here it goes. 26 winners 3 losers, 630 pips for the Euro session, add to that yesterdays I am at 822 pips before I even reached the USA session. I have 11 open trades still running and 15 more pendings ready to hit just in case. That is over 6% increase in my account in 6 hours and almost 8% for the week. Dang I knew this would get exciting once the markets started to run but dang didnt expect this. Unless disaster strikes I am well on my way to 1000 pip week, may break it tonight if the USD session keeps going like the Euro session. Going to go catch a shower, watch a movie and come back in 3 hours to see if I make it. Its a beautiful thing.

[nicoacademia]

definitely believe it. things have moved so zoom zoom.
Grats Bob!

[Gertje]

gbp/aud, gbp/cad, gbp/nzd and gbp/jpy look good for bounces off of the 240 line. I just dont believe the strength move of the GBP right now. These are all low risk sells and great retracements back into the DT. Ignoring CSS to my peril I guess. Here is gbp/cad example

And you were right...........!

I probably just had my hottest trading session in my life excepting the time I caught the CHF intererence last year when I had one trade pop over 800 pips. But as far a multiple trades I have never had anything like this before. Dang. I am almost afraid to post it because no one will believe me but here it goes. 26 winners 3 losers, 630 pips for the Euro session, add to that yesterdays I am at 822 pips before I even reached the USA session. I have 11 open trades still running and 15 more pendings ready to hit just in case. That is over 6% increase in my account in 6 hours and almost 8% for the week. Dang I knew this would get exciting once the markets started to run but dang didnt expect this. Unless disaster strikes I am well on my way to 1000 pip week, may break it tonight if the USD session keeps going like the Euro session. Going to go catch a shower, watch a movie and come back in 3 hours to see if I make it. Its a beautiful thing.

No-one could do it this way beside you I guess, since you wrote the rules.

I'm enjoying myself as well, took GBPNZD and GBPCAD of the table with a nice 3% addition to the account. Was to carefull yesterday with NZDUSD and let it pass...

JPY, I'm curious how this will work out. Staying on the sideline for a day or two, no JPY for me at the moment.

[nanningbob]

Here is one trade and how I played the 10.5 chart. NZD/CHF is not a high powered pair. I usually pick up 20-40 pips in a move. Not exciting but butters the bread. So a typical cross the WP trade would be max 50 pips but with spread and entering just above and exiting below the mid pivot 30-35 is more likely.

This is the 4H chart.

[Gertje]

Here is one trade and how I played the 10.5 chart. NZD/CHF is not a high powered pair. I usually pick up 20-40 pips in a move. Not exciting but butters the bread. So a typical cross the WP trade would be max 50 pips but with spread and entering just above and exiting below the mid pivot 30-35 is more likely.

This is the 4H chart.

On my chart the PA barely touched the WP, so I decided to stay out. Would you do a market-order there?

[nicoacademia]

who hit the firestarter?

[nanningbob]

So that would be a typical early week trade go from one line to the next 30+ pips.

Today I decided to try 10.5 and multiple trade a slow pair so ended up with 4 entrances. It looks like this. Doing 4 levels and taking profit every two lines I maxed a 73 pip profit in a 50 pip move. In other words I was able to double what I normally would get in on a trade. The 10.5 1H looks like this. So my chart read was 4H read of crossing the WP and CSS NZD #1 strength. I played the weak#3 CHF pair on CSS. My TP was based on every two lines of the 10.5 but my final destination was the mid on the weekly. The distance was 22 pips for two lines and I averaged 18 pips per trade. It nailed all four trades. Here is the 1H pic