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10.4 A Complete System
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Author:  Gertje [ Wed Apr 24, 2013 11:15 am ]
Post subject:  Re: 10.4 A Complete System
liberty55 wrote:HI , I have a question: if the PA cross the 240MA and the RSI2 is in the good position ( buttom if the market is uptrend or top is ddowntrend) on 4hrs chart, do you take a trade the next candle ( near the WLines) after the cross?? what will be yoiu stop loss? EX GBPCHF , NZDCHF?

thank at all good system

Jean-Pierre
GBPCHF is NOT giving a signal now, the PA is above the 240MA and the RSI is on top. Once the RSI is on the bottem, there will be a signal to enter PENDINGS on the pivot-lines.

Same for the NZDCHF at the moment, NO SIGNAL to go long.
.
Author:  liberty55 [ Wed Apr 24, 2013 12:35 pm ]
Post subject:  Re: 10.4 A Complete System
thank you Gerje, if I understood well, the first time , when the market cross the 240 MA, you don't trade and you wait for the next signal like now.... Sure, with what I read and if I respect the rules ...I don't take the trades on these pairs .... my question was when the market cros the first time the MA and the RSI2 was also in the good position do you take this particular trade. in the case of GBPCHF it is around 140 pips..... but the rules said us wait the rsi2 signal....

have a nice day
Author:  nanningbob [ Wed Apr 24, 2013 2:44 pm ]
Post subject:  Re: 10.4 A Complete System
Anyone know why the CHF is going nuts. I assume it is SNB interference again but their last news report was good not bad. Anyway CHF sucks. I have a feeling they are setting up the market so they can unload all their EUROS at one time at a good price and send everyone scrambling. Some of you may remember some currency trader lost billions for them last year and they need to make it up somehow along with all their euro buys for the past year. When if falls it will be a doozy. We will see. I tripled the size of my account and slightly increased my lot size so my DD is quite small. Just curious.

My goal is to have the 10.5A udate finished this weekend. I will have a booklet 2 to add to booklet 1. Next week is a holiday in China so will have time to finish it up.

CHF I dont play your game anymore, never again do I invest enough lot size for you to hurt me. I still take a stab now and then but you aint ever clobbering me again. Nah Nah Nah Nah :lol:
Author:  cmeade2 [ Wed Apr 24, 2013 2:51 pm ]
Post subject:  Re: 10.4 A Complete System
Bob

When you have a situation like this on the CSS where the CHF is zooming straight down, well away from the pack, does it make sense to set up a CHF basket. That is, AuCh, CaCh, EuCh, GbCh, NzCh, UsCh and short ChJpy. If you did it yesterday morning it would be incredibly profitable.


cmeade2
nanningbob wrote:Anyone know why the CHF is going nuts. I assume it is SNB interference again but their last news report was good not bad. Anyway CHF sucks. I have a feeling they are setting up the market so they can unload all their EUROS at one time at a good price and send everyone scrambling. Some of you may remember some currency trader lost billions for them last year and they need to make it up somehow along with all their euro buys for the past year. When if falls it will be a doozy. We will see. I tripled the size of my account and slightly increased my lot size so my DD is quite small. Just curious.

My goal is to have the 10.5A udate finished this weekend. I will have a booklet 2 to add to booklet 1. Next week is a holiday in China so will have time to finish it up.

CHF I dont play your game anymore, never again do I invest enough lot size for you to hurt me. I still take a stab now and then but you aint ever clobbering me again. Nah Nah Nah Nah :lol:
Author:  zentauro67 [ Wed Apr 24, 2013 3:06 pm ]
Post subject:  Re: 10.4 A Complete System
So far, a weak week for me. Market is going nowhere. When EURUSD stays so much time playing around 240 WMA, global market sucks.

I used the scaling script to put some long orders up and down price in USJPY (50 pips target, no SL) and i´m out for the rest.
Author:  trucomallica [ Wed Apr 24, 2013 3:48 pm ]
Post subject:  Re: 10.4 A Complete System
If, for example, you are in an uptrend, the RSI2 is down and flat, and a buy stop gets filled but price then keeps retracing below support (giving you an open loss). Do you keep adding pending trades with the hope of the uptrend resuming at some point? or you just give it time to that loosing trade to go back up or to fill the stop loss?
Author:  nanningbob [ Wed Apr 24, 2013 6:00 pm ]
Post subject:  Re: 10.4 A Complete System
cmeade2 wrote:Bob

When you have a situation like this on the CSS where the CHF is zooming straight down, well away from the pack, does it make sense to set up a CHF basket. That is, AuCh, CaCh, EuCh, GbCh, NzCh, UsCh and short ChJpy. If you did it yesterday morning it would be incredibly profitable.


cmeade2
nanningbob wrote:Anyone know why the CHF is going nuts. I assume it is SNB interference again but their last news report was good not bad. Anyway CHF sucks. I have a feeling they are setting up the market so they can unload all their EUROS at one time at a good price and send everyone scrambling. Some of you may remember some currency trader lost billions for them last year and they need to make it up somehow along with all their euro buys for the past year. When if falls it will be a doozy. We will see. I tripled the size of my account and slightly increased my lot size so my DD is quite small. Just curious.

My goal is to have the 10.5A udate finished this weekend. I will have a booklet 2 to add to booklet 1. Next week is a holiday in China so will have time to finish it up.

CHF I dont play your game anymore, never again do I invest enough lot size for you to hurt me. I still take a stab now and then but you aint ever clobbering me again. Nah Nah Nah Nah :lol:
You dont have an economic reason for the CHF to be behaving like it is. There isnt a fundamental news story to go with the move. This is pure market manipulation from behind the scenes therefore indicators are only showing what is happening not predicting it. JPY moves were predictable and most the Euro moves are predictable. They are caused by economic conditions. CHF is ........................... well next to China one of the most manipulated currencies out there.
Author:  cjthomson [ Wed Apr 24, 2013 7:20 pm ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:It's moving along, NZD has been kind to me today.

This week's trading till now;
Trades Total: 49
Trades Won: 46
Trades Lost: 3
Max Profit: 160 pips
Max Loss: -18 pips
Avg Profit: 29 pips
Avg Loss: -11 pips
Totall pips: 1302.1
Thats amazing - you should write a booklet about the nuances of how you are trading this system because whatever you're doing its getting some awesome results. I've been trying to do what you said in your explanation a couple days back but I keep getting slapped. Over 90% success ratio - amazing.
Author:  Staedtler [ Wed Apr 24, 2013 7:22 pm ]
Post subject:  Re: 10.4 A Complete System
got an entry short on AUDCHF
Author:  nanningbob [ Wed Apr 24, 2013 11:56 pm ]
Post subject:  Re: 10.4 A Complete System
GBP news story on its economy today. Bad news and it could drop significantly; good news and it could jump. Interesting to see what happens with gbp/chf after this weeks forced runup. GBP has been hugging 240 line lately so direction could go either way but the bias is up. I am going to play the gbp/chf for a drop and SNB placing itself for a big profit day. If I am right, and I very seldom am with CHF, maybe one time I have figured out SNB game, at least this one time. Eur/chf and Gbp/chf will drop as they try to profit from their positions. If I am wrong they are committing unbelievable funds to keep their currency from appreciating and will be way over extended.
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