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| 10.4/10.5 trades only https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2137 |
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| Author: | kwanann [ Thu May 16, 2013 6:19 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
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 |
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| Author: | bernard [ Thu May 16, 2013 6:27 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
My live open trades today. Bernard |
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| Author: | bernard [ Thu May 16, 2013 8:09 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
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 |
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| Author: | pips400 [ Thu May 16, 2013 9:30 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
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 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 |
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| Author: | nanningbob [ Thu May 16, 2013 9:38 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
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. |
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| Author: | Gertje [ Thu May 16, 2013 9:51 am ] |
| Post subject: | GBPJPY |
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. |
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| Author: | TraderDesk [ Thu May 16, 2013 11:29 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
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 |
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| Author: | kwanann [ Thu May 16, 2013 1:52 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Hmm what am i doing wrong here? |
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| Author: | nanningbob [ Thu May 16, 2013 1:53 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
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. |
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| Author: | nanningbob [ Thu May 16, 2013 2:01 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
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. |
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