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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 354 of 745
Author:  Gertje [ Sat Apr 20, 2013 5:34 pm ]
Post subject:  Re: 10.4 A Complete System
Pipstubborn wrote:Gertje, awesome results. Following Lydia's question is that you set pendings at every daily pivots on H1 and you TP at DAILY S/R1. Is this correct?

Thanks, Pipstubborn
Correct, sometimes I use (M)SR2 if the PA allows it.

If after à pending has triggered PA goes against me, I added orders on the available lines.
If orders stay open overnight, I changed TP to the new SR1/ 2.

It went kind of intuitively, give it a try. What I found is that on H4 I had to wait 10, 20 or even 50 pips before à pending triggered, and now on H1 I already reached my TP using the daily lines.
Author:  Gertje [ Sat Apr 20, 2013 5:38 pm ]
Post subject:  Re: 10.4 A Complete System
sponn wrote:Gertje.. just one more. Are you using two entrys and 3rd line is tp or what ? How do you deal with orders numer (how many levels do you usually use) and how do you filter to use 2 or 3 or 4 entrys ?
Depends on where the PA is. If it's below S1 and the SRI signals a long, you have S1, MS1, P and MR1 to ener before TP at R1.

You can always close manually and remove overdue pendings if PA isn't following the setup.
.
Author:  Nidolap [ Sat Apr 20, 2013 11:16 pm ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:
sponn wrote:Gertje.. just one more. Are you using two entrys and 3rd line is tp or what ? How do you deal with orders numer (how many levels do you usually use) and how do you filter to use 2 or 3 or 4 entrys ?
Depends on where the PA is. If it's below S1 and the SRI signals a long, you have S1, MS1, P and MR1 to ener before TP at R1.

You can always close manually and remove overdue pendings if PA isn't following the setup.
.
Gertje, and how do you manage SL?

Thanks.
Author:  Gertje [ Sun Apr 21, 2013 8:46 am ]
Post subject:  Re: 10.4 A Complete System
Nidolap wrote:
Gertje wrote:
sponn wrote:Gertje.. just one more. Are you using two entrys and 3rd line is tp or what ? How do you deal with orders numer (how many levels do you usually use) and how do you filter to use 2 or 3 or 4 entrys ?
Depends on where the PA is. If it's below S1 and the SRI signals a long, you have S1, MS1, P and MR1 to ener before TP at R1.

You can always close manually and remove overdue pendings if PA isn't following the setup.
.
Gertje, and how do you manage SL?

Thanks.
240MA is my 'mental' SL.

Some trades I started very close, or even just on the other side of the 240MA that a hard SL at the 240MA would have been taken immediately.

If the RSI signals, I put in the pending trades.
.
Author:  Nidolap [ Sun Apr 21, 2013 11:50 am ]
Post subject:  Re: 10.4 A Complete System
Ok, so 240MA stays the main StopLoss, but if you enter 2nd and 3rd trades do yout set it to BE or all of them stays at the same 240 level?

Thanks.
Author:  Pipstubborn [ Sun Apr 21, 2013 3:01 pm ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:
Pipstubborn wrote:Gertje, awesome results. Following Lydia's question is that you set pendings at every daily pivots on H1 and you TP at DAILY S/R1. Is this correct?

Thanks, Pipstubborn
Correct, sometimes I use (M)SR2 if the PA allows it.

If after à pending has triggered PA goes against me, I added orders on the available lines.
If orders stay open overnight, I changed TP to the new SR1/ 2.

It went kind of intuitively, give it a try. What I found is that on H4 I had to wait 10, 20 or even 50 pips before à pending triggered, and now on H1 I already reached my TP using the daily lines.
Gertje, thanks for your confirmation. I wanted to know that we are in the same page. After Black Monday I stop trading Tue and Wed. On Thursday evening I start to spot setups on H4, switch to H1 and placing pendings from PA all the way up to one line before DAILY S/R1 and TP at DAILY S/R1. Only mental SL at 960 H1 line or 240 on H4 and NO BE.

At the end of Friday I made 368 pips and 7.52% profit just in one day and still have some live orders working over the weekend waiting to hit TP. So making your goal of 100-200 pips a day.... I think it's perfectly feasible.

Green pips to you and all. And again, BIG THANKS TO BOB for mentoring me. Let's get ready to have fun and profits next week.

Pipstubborn
Author:  MurphyMan [ Sun Apr 21, 2013 4:36 pm ]
Post subject:  Re: 10.4 A Complete System
New update to Bob's post collection in Post #1 of the Dummies thread . Just added about 45 more pages, sorry I got behind, just a little busy. I hope this is proving useful.

BTW - I changed the name to Bob's Fishing Lessons. :lol:

The pdf is now almost 2 MB and the Doc file was over 6 MB. I can only post 2 MB max, so now I only have the pdf file listed. If anyone has a work-around, please PM me and let me know.

http://www.stevehopwoodforex.com/phpBB3 ... =37&t=1504
Author:  MrLong [ Sun Apr 21, 2013 7:49 pm ]
Post subject:  Re: 10.4 A Complete System
fx8000 wrote:Speculators add to yen shorts .....................

http://www.forexfactory.com/news.php?do=news&id=423486
It's the commercials you need to follow, all this data is $ long or $ short.
[ Mod edit -- added code tag so the columns line up ]

Code: Select all

JAPANESE YEN - CHICAGO MERCANTILE EXCHANGE                           Code-097741
OPTION AND FUTURES COMBINED POSITIONS AS OF 04/16/13          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF JPY 12,500,000)                        OPEN INTEREST:      264,842
COMMITMENTS
  27,508  118,109   29,779  188,151   51,341  245,438  199,229   19,403   65,613

CHANGES FROM 04/09/13 (CHANGE IN OPEN INTEREST:     -6,422)
 -14,636    2,168    3,154   12,029  -11,388      547   -6,066   -6,969     -356

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.4     44.6     11.2     71.0     19.4     92.7     75.2      7.3     24.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      148)
      26       75       39       33       31       88      116
Author:  Gertje [ Sun Apr 21, 2013 8:15 pm ]
Post subject:  Re: 10.4 A Complete System
FX-street.com shows gap-up openings for most JPY pairs.....
Author:  Staedtler [ Sun Apr 21, 2013 9:32 pm ]
Post subject:  Re: 10.4 A Complete System
MrLong wrote:
fx8000 wrote:Speculators add to yen shorts .....................

http://www.forexfactory.com/news.php?do=news&id=423486
It's the commercials you need to follow, all this data is $ long or $ short.
[ Mod edit -- added code tag so the columns line up ]


where you guys getting all this from ?


EDIT : nevermind. found it

http://www.cftc.gov/dea/options/financial_lof.htm
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