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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 326 of 745
Author:  nanningbob [ Mon Apr 15, 2013 12:02 am ]
Post subject:  Re: 10.4 A Complete System
grimweasel wrote:I wouldn't be betting against this Shooting Star (Pin bar) on USDYEN weekly. I think the 100 level had been rejected here...
You are probably right. It probably wont break the 100 barrier until the next round or two of bond purchases by BOJ. I think this bar will set the high and the low will be some old R line which will now become Support.
Author:  nanningbob [ Mon Apr 15, 2013 1:31 am ]
Post subject:  Re: 10.4 A Complete System
Gbp/nzd maybe bouncing off of the weekly pivot. You can go to the 1H daily lines and set up a pending sell. This way you are not committed to the pivot line if it breaks through.
Author:  nanningbob [ Mon Apr 15, 2013 1:36 am ]
Post subject:  Re: 10.4 A Complete System
The yellow areas mark the signals on the 4H. The white lines show entrances on the 1H chart. If price breaks north you are not in. If it bounces you dont have to wait to the 4H mid line to get in. You also are not commited at the pivot line either.
Author:  Chris [ Mon Apr 15, 2013 2:04 am ]
Post subject:  Re: 10.4 A Complete System
Looks like it decided to go north
Author:  nanningbob [ Mon Apr 15, 2013 2:06 am ]
Post subject:  Re: 10.4 A Complete System
well the gbp went blowing north on that idea. Next.

4H CSS is showing everything tied up like a knot. In other words anything can happen this week. This is the low ram use CSS. reducing the number of bars doesnt change the readout but does change how quickly you can check other TF.
Author:  Chris [ Mon Apr 15, 2013 2:08 am ]
Post subject:  Re: 10.4 A Complete System
what the hell caused this excitement. this is not helping? NZD is tanking
Author:  nanningbob [ Mon Apr 15, 2013 2:11 am ]
Post subject:  Re: 10.4 A Complete System
With this lower use you can use the Slope on every currency pair and wait for each pair to cross. I want to test this with RSI 2 and/or itself replace the AO.
Author:  nanningbob [ Mon Apr 15, 2013 2:18 am ]
Post subject:  Re: 10.4 A Complete System
Chris wrote:what the hell caused this excitement. this is not helping? NZD is tanking
I may cut my lot sizes in half on my open trades here. Gotta go see what is up with the NZD.
Author:  nanningbob [ Mon Apr 15, 2013 2:22 am ]
Post subject:  Re: 10.4 A Complete System
China economy grew less than expected. That hits the aud and nzd hard. Gold and silver prices dropping also affects aud nzd. News spike for now.
Author:  nanningbob [ Mon Apr 15, 2013 2:25 am ]
Post subject:  Re: 10.4 A Complete System
This is what trading news or fundamentals can do. Now this note:

I thought only in emerging countries had a system with frequent central bank interventions to manipulate their currencies, but no, there is no longer a free exchange policy for the market, every country is getting the dirty float policy. This is very bad for fx traders and investors , because the day and time that central banks will manipulate the currency rarely are scheduled in the calendar.
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