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10.4/10.5 trades only
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2137		 Page 38 of 68
Author:  nanningbob [ Tue Jun 04, 2013 8:27 am ]
Post subject:  Re: 10.4/10.5 trades only
Jemook wrote:LONG PAIRS (Below 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WS1.
3. Wait for H4 RSI to be pinned to the bottom.
4. Wait for H1 CSS to change colour from red to goldenrod or green and enter.
5. Risk 1% per trade and place stop at a previous low using Easy Order to calculate the position size.
6. Aim for TP of WR1 OR close any trade early if the H1 CSS colour changes back to red.

SHORT PAIRS (Above 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WR1.
3. Wait for H4 RSI to be pinned to the top.
4. Wait for H1 CSS to change colour from green to goldenrod or red and enter.
5. Risk 1% per trade and place stop at a previous high using Easy Order to calculate the position size.
6. Aim for TP of WS1 OR close any trade early if the H1 CSS colour changes back to green.

Open trades from this morning:
todaystrades_001.png
Up around 4% for the day floating profit with virtually zero drawdown. I've been doing this consistently for the last 2 weeks and LOVING it. Time will tell if this sticks in the long run but so far I can't find any faults with this style of trading.
Nice isnt it. The JPY have started to move.
Author:  tboy [ Tue Jun 04, 2013 8:39 am ]
Post subject:  Re: 10.4/10.5 trades only
that's the one jemook - thanks v much
Author:  nicoacademia [ Tue Jun 04, 2013 9:12 am ]
Post subject:  Re: 10.4/10.5 trades only
Jemook wrote:LONG PAIRS (Below 240)


SHORT PAIRS (Above 240)
Hey Jem,
thanks for sharing your methodology. :)
i admire the results :)

just wanted to check if i didn't read wrong.

"long pairs (below 240)."
this below 240 is below the 1H 240 line or below the 4H 240 line?

cause long usually is above 4H 240?

and short first criteria usually is below 4H 240.

thanks :)
Author:  Jemook [ Tue Jun 04, 2013 9:24 am ]
Post subject:  Re: 10.4/10.5 trades only
nicoacademia wrote:
Jemook wrote:LONG PAIRS (Below 240)


SHORT PAIRS (Above 240)
Hey Jem,
thanks for sharing your methodology. :)
i admire the results :)

just wanted to check if i didn't read wrong.

"long pairs (below 240)."
this below 240 is below the 1H 240 line or below the 4H 240 line?

cause long usually is above 4H 240?

and short first criteria usually is below 4H 240.

thanks :)
Ah shit! I always get something wrong ;)

I meant to say long pairs ABOVE H4 240 and short pairs BELOW H4 240.
On H1 its 240 x 4 so 960... will edit my post, thanks!

J
Author:  sponn [ Tue Jun 04, 2013 9:25 am ]
Post subject:  Re: 10.4/10.5 trades only
Long above, short below. Jem ;)
Author:  pips400 [ Tue Jun 04, 2013 9:30 am ]
Post subject:  Re: 10.4/10.5 trades only
Jemook wrote:LONG PAIRS (Below 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WS1.
3. Wait for H4 RSI to be pinned to the bottom.
4. Wait for H1 CSS to change colour from red to goldenrod or green and enter.
5. Risk 1% per trade and place stop at a previous low using Easy Order to calculate the position size.
6. Aim for TP of WR1 OR close any trade early if the H1 CSS colour changes back to red.

SHORT PAIRS (Above 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WR1.
3. Wait for H4 RSI to be pinned to the top.
4. Wait for H1 CSS to change colour from green to goldenrod or red and enter.
5. Risk 1% per trade and place stop at a previous high using Easy Order to calculate the position size.
6. Aim for TP of WS1 OR close any trade early if the H1 CSS colour changes back to green.

Open trades from this morning:
todaystrades_001.png
Up around 4% for the day floating profit with virtually zero drawdown. I've been doing this consistently for the last 2 weeks and LOVING it. Time will tell if this sticks in the long run but so far I can't find any faults with this style of trading.

thanks Jem, great results really pleased it's working out for you. I have a question of whether you incorporate the CSS info into your trading or not, and if you do how it influences your decisions.

Cheers

Pips400
Author:  LaHood [ Tue Jun 04, 2013 9:41 am ]
Post subject:  Re: 10.4/10.5 trades only
Jemook wrote:LONG PAIRS (Above 240)

Open trades from this morning:
todaystrades_001.png
Up around 4% for the day floating profit with virtually zero drawdown. I've been doing this consistently for the last 2 weeks and LOVING it. Time will tell if this sticks in the long run but so far I can't find any faults with this style of trading.
Do you use additional the informtions from the H4/D1 lines from the info pages? Or only if price is under or above 240 and your other settings?

cheers
LH
Author:  Jemook [ Tue Jun 04, 2013 9:49 am ]
Post subject:  Re: 10.4/10.5 trades only
I look at CSS info page every now and then but I don't really use it.. I think from when I was basket trading I gained a really good sense of how the currencies / pairs interact with each other so I kind of get a feel for where the overall market is moving by looking at the single charts. I still think CSS info page is great to get a quick snapshot of what all the currencies are doing.
Author:  SWG123 [ Tue Jun 04, 2013 9:53 am ]
Post subject:  Re: 10.4/10.5 trades only
Jemook wrote: 4. Wait for H1 CSS to change colour from red to goldenrod or green and enter.

4. Wait for H1 CSS to change colour from green to goldenrod or red and enter.
Hi Jem,

Just wondered, are you entering at market on close of the H1 candle, or setting pendings at the lines? From your screenshot I'm guessing market entries but our charts could differ.

Cheers,
Steve
Author:  fahedksa [ Tue Jun 04, 2013 10:03 am ]
Post subject:  Re: 10.4/10.5 trades only
Thank Jemook for your tips.
Today up to now great recover most of yesterday lost ,Now I closed all my positions waiting 1hour before USA session to set my pending orders.
Bob your system more than perfect .
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