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10.4 A Complete System
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Author:  Breakdancer [ Thu Apr 11, 2013 2:02 am ]
Post subject:  Re: 10.4 A Complete System
Ingot54 wrote:XXXJPY being bought across the board today - now is the time to follow 10.4 closely and reap the benefits of this important retracement.

Meanwhile ... the AUDJPY has fallen 30+ pips (53 from my DMR1) since the release of the discouraging employment data here today.

Opportunity knocks loudly. Can you hear it?

Well, here is the retracement we were waiting for. Thanks mate.
Author:  nanningbob [ Thu Apr 11, 2013 2:24 am ]
Post subject:  Re: 10.4 A Complete System
Ingot54 wrote:XXXJPY being bought across the board today - now is the time to follow 10.4 closely and reap the benefits of this important retracement.

Meanwhile ... the AUDJPY has fallen 30+ pips (53 from my DMR1) since the release of the discouraging employment data here today.

Opportunity knocks loudly. Can you hear it?
Yes I just got done doing my JPY pairs. I used the 10.5 template on the 1H chart. JPY pairs have all gone to the Daily Pivot. I have buy limits at the DP and the DMP1 and some DR1. I used the 4H chart and used WR1 for my TP area. No one is going to buy the JPY right now, except maybe some indi guys, so seeing the BOJ announcement yesterday had no effect I am back ready to ride the JPY　some more. I expect some bigger moves today.

I also am taking buys on the nzd/usd, eur/usd, aud/usd off of the daily pivot and DR1.

So I am going to play JPY weakness, USD weakness, and NZD strength per CSS. I am using daily pivots for my entrances on most of these pairs. All have 2 buy pendings and the xxx.jpy have 1 buy limit somewhere. So playing 2-3 levels on each of these pairs.

I am playing eur/nzd to go south with a sell limit at the DP and below the last low. Eur/chf, and eur/gbp are sells also but dont expect much from them. So that gives me lots of action for today.

It is Thursday and tomorrow is Friday. These are the days you play for the longer runs so am looking for a leap to WR1 or WS1 for most pairs as profit targets.
Author:  zentauro67 [ Thu Apr 11, 2013 2:27 am ]
Post subject:  Re: 10.4 A Complete System
Ingot54 wrote:Probably getting off-topic here , but Spudfyre was/is a great contributor and sharing person on FF, and gave us this strategy in 2007 before dropping out of the scene for a year or two.

I have used it since then to great advantage.

http://www.forexfactory.com/showthread.php?t=37111
I´m using slipshod´s "rainbow stochastic" in 1H TF, just trying to feel the openings and crosses of the lines. I see now Spuds´ concepts as "rope" and "fishnet" that seem to facilitate the understanding.

I loved your template, but i prefer RSI2 in 4h. Not so fast capturing movements but more relaxing in a pending orders environement. If you use the "fishnet" of stochastic lines as an exit signal i understand you don´t need any more the AO.

Thanks for sharing.

Slipshod´s rainbow stoch: http://www.stevehopwoodforex.com/phpBB3 ... hp?id=4887
Author:  nanningbob [ Thu Apr 11, 2013 2:36 am ]
Post subject:  Re: 10.4 A Complete System
If it were not for CSS I would not be in nzd and aud usd buys which at FF are over 80% sell. Same thing with JPY crosses. Knowing the strength of a move is so critical in decision making. However they are long eur/usd which I am too with a pending past the DP. So do they think the euro will strengthen against the USD but not the aud and nzd which are stronger than the euro? hmmmmmmmmmmmm We will see which one is more accurate, wont we?
Author:  nanningbob [ Thu Apr 11, 2013 2:38 am ]
Post subject:  Re: 10.4 A Complete System
zentauro67 wrote:
Ingot54 wrote:Probably getting off-topic here , but Spudfyre was/is a great contributor and sharing person on FF, and gave us this strategy in 2007 before dropping out of the scene for a year or two.

I have used it since then to great advantage.

http://www.forexfactory.com/showthread.php?t=37111
I´m using slipshod´s "rainbow stochastic" in 1H TF, just trying to feel the openings and crosses of the lines. I see now Spuds´ concepts as "rope" and "fishnet" that seem to facilitate the understanding.

I loved your template, but i prefer RSI2 in 4h. Not so fast capturing movements but more relaxing in a pending orders environement. If you use the "fishnet" of stochastic lines as an exit signal i understand you don´t need any more the AO.

Thanks for sharing.
I am finding the AO useless except to predict a possible big move. Other than that I havent used it at all. It is too slow for the 4H chart. So will look at the fishnet idea. Looks cool anyway. LOL
Author:  nanningbob [ Thu Apr 11, 2013 2:42 am ]
Post subject:  Re: 10.4 A Complete System
Also playing aud/chf to break DP and WP.
Author:  Ingot54 [ Thu Apr 11, 2013 2:49 am ]
Post subject:  Re: 10.4 A Complete System
It's incredibly insightful to have the CSS table, Bob.

It's my single biggest filter for looking at trades, and in 9 years it is the most valuable trading tool to have come into my possession. How do you thank someone for things like this?

I am going to pay it forward, and do what Bob asks - give some kid somewhere an education! See Post #1 for how to do that. Have been supporting kids this way for several years now, but a special bonus is coming their way now. How good is this strategy!

So ... the NZD is still strongest ... and the JPY still weakest ...

Not only that, but look at the huge difference between this pair and any other.

NZD: +0.73
JPY: -0.94
NZDJPY: 1.33

Wait for the pair to move up again ... there are no challengers yet.
Pending orders are the way to go here ... set-and-forget.
Author:  Ingot54 [ Thu Apr 11, 2013 3:16 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
Ingot54 wrote:Probably getting off-topic here , but Spudfyre was/is a great contributor and sharing person on FF, and gave us this strategy in 2007 before dropping out of the scene for a year or two.

I have used it since then to great advantage.

http://www.forexfactory.com/showthread.php?t=37111
I am finding the AO useless except to predict a possible big move. Other than that I havent used it at all. It is too slow for the 4H chart. So will look at the fishnet idea. Looks cool anyway. LOL
The advantage of the fishnetting pattern is that it notifies you that price has become deranged/whiplashing.

It's a bit like the spin-dry cycle on your washing machine ... you know it is doing good to your clothes ... but you do not want to be wearing them at the time.

So it is with fishnetting - you know that the consolidation it indicates, is building up energy for the next price leap ... but you do not want to have any skin in the game until the consolidation is completed.

Here is an illustration:
Author:  Chris [ Thu Apr 11, 2013 3:35 am ]
Post subject:  Re: 10.4 A Complete System
Cool thanks for sharing. You got Bob's gears turning I can hear them all the way over here. If nothing else it looks kind of psychedelic. somebody got the tie dyed indicator to match.
Author:  nanningbob [ Thu Apr 11, 2013 3:49 am ]
Post subject:  Re: 10.4 A Complete System
Chris wrote:Cool thanks for sharing. You got Bob's gears turning I can hear them all the way over here. If nothing else it looks kind of psychedelic. somebody got the tie dyed indicator to match.
Looks much more interesting than just a Sto 5 on the 1H chart.
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