10.4/10.5 trades only

[kwanann]

Ooh having fun today. had a bit of screw up with the one click, took lot sizes that i shouldnt take. luckily it ended up in nice profit.

TP on AUDUSD. Early TP on EURAUD

[bernard]

My live open trades today.

Bernard

[bernard]

Closed all with a basket of $400.
Thank you Bob. Not because of the financial gain, but for your utmost generosity to share your wisdom, and still remain so humble.

Regards,
Bernard

[pips400]

Here is my trade this morning on the EURNZD using a variation of 10.5. First chart is the 4H showing the setup, second chart is the 1H showing how I traded it

EURNZD.JPG

eurnzdh1.jpg

I'm still experimenting with what works best for me but I want to keep the essence of the original 104 system which was about minimizing risk whilst multiplying profits. In this example I used a multiple pendings at 20pips once the trade was in, but would have closed all positions if price reversed, which meant I sat in front of the screen watching until ADR was reached, I'll try to automate this in future. Just one profitable trade nothing to get too excited about just yet. I think if I can learn more patience and wait for the optimum set up, then this system should prove profitable, that seems to be an average of 1 setup per pair per week. Thanks to Gertje for his advice on stop loss and position size.

Pips400

[nanningbob]

I got that eur/nzd for 3 levels and totaled 128 pips. That and the gbp/nzd were both nice trades. Here is a nzd/jpy set up back into the trend. It just bounced off of the 240 line which will make it 3 time in 3 weeks it has done that. I set pending buys at the WP and DP lines. I also set at DS1 and DSM for 4 entries.

I am already at 2.5% increase for the day and it looks like these JPY trades are ready to pop again. Sitting on 1% DD so if they go it could be a big day. The only jpy pair I am not trading is the aud/jpy that one looks sick.

[Gertje]

To illustrate what I mean to say with multiple TP-moments every week for the same pipspan, attached an example of the GBPJPY the way I trade it at the moment.

Yesterday I made 150 pips, price retraced and I re-entered the exact same levels again. They just TP a few minutes ago for again 150 pips.

Price stayed within a 125 pip range this week, and I made 300 pips during that range.

[TraderDesk]

GBPJPY 1 hour chart shows the triangle lines and this currency pair has a habit of respecting lines. So when I saw the bounce back from the upper triangle line I closed my daily open positions to take profit. On a retrace I will look to add via buy-limit pendings as well as buy-stops above the upper line if/when price breaks out...

My images are vertically long as my monitors are in portrait position
r

5-16-2013 2-22-12 PM.jpg

[kwanann]

Hmm what am i doing wrong here?

[nanningbob]

I dont know who your broker is but it sure looks uncivilized. Here is my 1H gbp/jpy I dont have all that jumpin around.

[nanningbob]

Hmm what am i doing wrong here?

Nothing price went up instead of down. Had a profit from pivot to mid which I didnt take so now have a little DD to deal with later. USD strong did not lead to very many trades. I got 62 pips on aud/usd, 16 on usd/chf, -9 on usd/jpy, +23 usd/cad, 34 on usd/cad but zippo and DD on gbp/usd.