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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 328 of 745
Author:  nanningbob [ Mon Apr 15, 2013 4:10 am ]
Post subject:  Re: 10.4 A Complete System
Chris wrote:
nanningbob wrote:
Chris wrote:Why do I try? May be I would not care if I could tell how they were going to manipulate, unfortunately I do not have unlimited reserves of cash like the big banks. Why do I try?
These news spikes are difficult. My entrances on nzd and aud are light so not a problem I am willing to ride the JPY trades out. So will set tight for now.
Ya I am trying to hang on too, unfortunately I am in 2 or 3 levels on some of these pairs. We kind of through the 10.4 rules out the window with the macro economic news and now I am paying for it. It might just be another hard lesson for me. I think I may have over extended my account I am currently down 21%, about everything I have made this year. Sorry to complain a little here. I am not blaming 10.4, I think it is a great system, it just I broke the rules with the JPY stuff. :(
This is not a system problem this is just market gone wild. Great when you are on the right side and the pits when you are on the wrong side. I will survive this but this is a much bigger retrace than I expected. I banks and dealers had to reload after selling so much JPY the last two weeks but WOW. OK. I closed out some trades and got some spacing between levels. Some of the big buys had to have taken profit for this to happen. I expected them to be adding to their levels not closing out. Anyway I think the worst is over, now to recover. nzd/jpy has me worried though.
Author:  Staedtler [ Mon Apr 15, 2013 4:15 am ]
Post subject:  Re: 10.4 A Complete System
my pending buy just triggered on gbp/jpy at 149.90
Author:  nicoacademia [ Mon Apr 15, 2013 4:17 am ]
Post subject:  Re: 10.4 A Complete System
its a firesale!!!!!!!

expect another prod down to the lower pivot on $USDJPY $EURJPY $GBPJPY
make sure u have bullets if that happens.

kuroda hasn't spoken.
europe ain't open.
us ain't open.

alot of things can still happen.
Author:  Staedtler [ Mon Apr 15, 2013 4:38 am ]
Post subject:  Re: 10.4 A Complete System
Staedtler wrote:my pending buy just triggered on gbp/jpy at 149.90

nevermind.. closed faster than i could see it open
Author:  nanningbob [ Mon Apr 15, 2013 4:42 am ]
Post subject:  Re: 10.4 A Complete System
Well, that was ugly. Survived and ready to trade again. Looking for buyers to hit the market depending on what the BigK has to say in an hour and half. Big improvement in JPY economic numbers sent it soaring. BOJ does not want to lose what they have gained so far. So be interesting what he says. I have my pending buys ready to go if it goes back into its trend. If it doesnt then wont be in. back to class.
Author:  samir45 [ Mon Apr 15, 2013 4:43 am ]
Post subject:  Re: 10.4 A Complete System
Time to stand aside & control emotions. Won’t add any new trades until the picture becomes clear on JPY pairs.
Author:  Staedtler [ Mon Apr 15, 2013 4:44 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Well, that was ugly. Survived and ready to trade again. Looking for buyers to hit the market depending on what the BigK has to say in an hour and half. Big improvement in JPY economic numbers sent it soaring. BOJ does not want to lose what they have gained so far. So be interesting what he says. I have my pending buys ready to go if it goes back into its trend. If it doesnt then wont be in. back to class.

yeah i'm done trading until this dude speaks . we have no direction from what it looks like


where's your pending ?
Author:  nicoacademia [ Mon Apr 15, 2013 6:29 am ]
Post subject:  Re: 10.4 A Complete System
a test of $USDJPY 97.34 area as indicated by the midpivot would be the most excellent buy point.
Author:  nanningbob [ Mon Apr 15, 2013 6:52 am ]
Post subject:  Re: 10.4 A Complete System
To those that survived this mornings blood bath, you have buys and sells all over the place. Pick and choose and remember it is Monday, we know we dont have big moves on Monday. Right??
Author:  nicoacademia [ Mon Apr 15, 2013 7:21 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:To those that survived this mornings blood bath, you have buys and sells all over the place. Pick and choose and remember it is Monday, we know we dont have big moves on Monday. Right??
*looks at the pip move from GMT+0 opening to the low of the day* :twisted:
All times are UTC Page 328 of 745

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