10.4 A Complete System

[Wiggy1965]

Bob.

What do you make of the lower highs and lower lows on the EURJPY, would these get your attention, if so what would you make of it....?

I know there is no trade at the moment, however later in the week, we may have a signal, but it still may also be in that downward channel....

I anticipate that it may come down and kiss the 240 MA and then give a long signal....Or (sitting on fence here) continue through the 240MA and then we start to short.....I also notice we are very close to a previous high late march 2010 for this pair, so would you pay this any attention....

EURJPY Trade Pic-2 19-2-2013.jpg

Regards
Wiggy

[Aus67]

Everything seems to be bunched up at the moment.

Surely setting up for some moves in the next couple of days.

...or am I reading this wrong

[The_Snowman]

Everything seems to be bunched up at the moment.

Surely setting up for some moves in the next couple of days.

...or am I reading this wrong

Yes, most pairs seem to be moving towards the 240

Best move this week has been AUD-CAD which started from the WP, was below the 240, but now above WR2

[Aus67]

Everything seems to be bunched up at the moment.

Surely setting up for some moves in the next couple of days.

...or am I reading this wrong

Yes, most pairs seem to be moving towards the 240

Best move this week has been AUD-CAD which started from the WP, was below the 240, but now above WR2

Yes see what you mean!

I have placed two pending orders on the PoundYen in anticiaption of the sto coming back into positive territory.
As far as I can understand 10.4 this pair seems to be setup. The bigger time frames may indicate some exhaustion though, have to wait and see.

[Fourxxxx]

Bob.

What do you make of the lower highs and lower lows on the EURJPY, would these get your attention, if so what would you make of it....?

I know there is no trade at the moment, however later in the week, we may have a signal, but it still may also be in that downward channel....

I anticipate that it may come down and kiss the 240 MA and then give a long signal....Or (sitting on fence here) continue through the 240MA and then we start to short.....I also notice we are very close to a previous high late march 2010 for this pair, so would you pay this any attention....

EURJPY Trade Pic-2 19-2-2013.jpg

Regards
Wiggy

That looks a bit like the EURUSD last week, now it is looking very bearish.

[mjws00]

Looks we are aboard the GBPCAD trade. Pending just taken below pivot.

[MurphyMan]

Well, I'm seeing a lot of questions of how to use the indicators and general method questions; I thought a thread just strictly for actual trades or trade setups, where we could find and follow each pair mentioned through the week would be good.

Now I see a thread for dummies, so what's the problem with having a trade thread devoid of all the extra questions?

Thanks, John

Snowman, you are correct. I hope the original thread doesn't become stuffed up with "How do I...? & Why doesn't it...?" questions. The purpose of the Dummies thread is to handle those, and I invite all to use it.

See the 10.4 Dummies thread here: http://www.stevehopwoodforex.com/phpBB3 ... =37&t=1504

Cheers

Sam

[sponn]

Is Bob using Cowboy IBFX ? If yes what is their terminal time ? (I'm using atc (gmt+2 and icm=gmt) and charts are different..

[ross]

Is Bob using Cowboy IBFX ? If yes what is their terminal time ? (I'm using atc (gmt+2 and icm=gmt) and charts are different..

Cowboy IBFX = gmt

[nanningbob]

Everything seems to be bunched up at the moment.

Surely setting up for some moves in the next couple of days.
...or am I reading this wrong

This indi tells the whole story right now. We had a holiday, we had G20 meeting, we have JPY on hold until the Bank of Japan gets a new leader. USA is playing budget roulette again, Europe is quiet, so markets range. Look at 10.3 trades or range trades, Bollinger bands.
Part of being a good trader is adjusting your market style to what the market is doing. GBP looks weak, NZD looks strong so that is where I would look for the best 10.4 trades. USD could go strong too, so take a peak there also.