10.4 A Complete System

[cmeade2]

Can you post a list of your trades?

I found it to be a pretty tough week.

Hi,

I had the same DD and some more, killed my account on monday.

I don't look for correlation between H4 and H1, if the H4 signals it's time for me to put pendings like I did in 10.4

The new thing for me here is I don't enter the pendings on the WEEKLY PIVOTS with H4, but on the DAILY PIVOTS on H1. The distance between the lines is smaller, so more stacking and earlier TP than when trading the weekly pivots.
.

Hi Gertie,
great results !
Like you, i prefere Tradeentry on H1 and Daily PV.
What SL are you using for the first entry and the following trades ?
Cheers
Tebis

To be honest, I traded last 4 day's without set SL, but would have jumped at the 240ma.

I made a whopping 3550 pips since tuesday, uncredible.

My dream is to trade with full lots oneday and make 100-200 pips a day.
I thinking I found à way to make this dream come true....

Now I need to build the equity to support the full lots.....
I've already got 0,2% in place....

[Gertje]

I tried but failed on the iPad. Will do tomorrow on the computer.

[cmeade2]

OK look forward to it.

One question. Were some of these H1 trades? If so, can you estimate the returns from straightforward 10.4 H4 trades?

thanks

cmeade2

I tried but failed on the iPad. Will do tomorrow on the computer.

[garyfritz]

Re-funded my account with $130,- tuesday and am up 2269 pips since. Mainly due to JPY buy's, I put pending buy's on every weekly line and TP at the 2nd line from there. For example;
- R2 -> R1
- MR2 -> MR1
- R1 -> P
- MR1 -> MS1
- etc.

NICE results, G! Question: you DO realize that those 2-line trades are exactly equivalent to entering 2 trades at R2 and MR2 and just letting them ride? Maybe TPing after 2 lines works better for you psychologically, and if so, do what works. But you'll pay less commission/spread if you hang onto those positions instead of rolling them. Put trailing stops where you would have put new SL on your new trades and the end result will be the same.

[spillini]

All the way back and into profits for another profitable week, and I have noone to thank except Bob. You stood vehemently on those words,"The JPY is going down and nothing is going to stop it". I believed it and held my scales all the way back and was rewarded for it. I also have the following 10-4 trades going: GBP/CHF +47
AUD/USD +68
EUR/USD +1
EUR/JPY +21 Reloaded at weekly pivot
GBP/JPY +32 Reloaded at weekly mid-pivot

I hung in there, Thanks Bob!!

[nanningbob]

All the way back and into profits for another profitable week, and I have noone to thank except Bob. You stood vehemently on those words,"The JPY is going down and nothing is going to stop it". I believed it and held my scales all the way back and was rewarded for it. I also have the following 10-4 trades going: GBP/CHF +47
AUD/USD +68
EUR/USD +1
EUR/JPY +21 Reloaded at weekly pivot
GBP/JPY +32 Reloaded at weekly mid-pivot

I hung in there, Thanks Bob!!

Just remember to only do that when the macro economics are on your side or a news story that doesnt change the macro economics move. Sometimes it is tough to tell the difference. Either way I dont use my account as all in. I may take a nasty loss now and then but I dont sacrifice my account.

[TraderDesk]

All the way back and into profits for another profitable week, and I have noone to thank except Bob. You stood vehemently on those words,"The JPY is going down and nothing is going to stop it". I believed it and held my scales all the way back and was rewarded for it. I also have the following 10-4 trades going: GBP/CHF +47
AUD/USD +68
EUR/USD +1
EUR/JPY +21 Reloaded at weekly pivot
GBP/JPY +32 Reloaded at weekly mid-pivot

I hung in there, Thanks Bob!!

Just remember to only do that when the macro economics are on your side or a news story that doesnt change the macro economics move. Sometimes it is tough to tell the difference. Either way I dont use my account as all in. I may take a nasty loss now and then but I dont sacrifice my account.

Well said... In the end markets will move rationally or irrationally, it can surprise even the best Nobel laureate winners who have in the past predicted and over-leverage their hedge funds...

I like the policy of protecting your capital so with every trade I plan for the worst...

Now it is different if you have a small 1000 euro account and believe that for the next two years the yen will get weaker so you trade with maximum lots and potential floating DD of 50% or more... But that is a gamble and not real trading...

[Gertje]

Attached.
There might be a small overlap between #3 and #4.

They're basically all 10.4 trades, but executed on the H1.
.

OK look forward to it.

One question. Were some of these H1 trades? If so, can you estimate the returns from straightforward 10.4 H4 trades?

thanks

cmeade2

I tried but failed on the iPad. Will do tomorrow on the computer.

[cosmo]

Guys, has anyone else seen this huge spike down on Fridays EURCHF.... It shows on the GP platform but not on Alpari's. Also what is with the spread 50.8pips.

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[spillini]

I would say its probably a bad data tick, because it is not on FXDD nor is it on Forex.com.

Jim