i think it is a low risk trade with NJ since 240 is close....I'll still take the trade for good reward risk ratio.
CHF NEWS come up soon
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| 10.4 A Complete System https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481 |
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| Author: | Ingot54 [ Fri Apr 26, 2013 7:48 am ] |
| Post subject: | Re: 10.4 A Complete System |
BOJ Press Conference in progress ... initial response is to buy YEN EDIT: I am holding my NZDJPY for a move to the long side (weaker YEN) ... I wouldn't jump in if I wasn't already holding ... do your own research |
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| Author: | thelearner [ Fri Apr 26, 2013 7:57 am ] |
| Post subject: | Re: 10.4 A Complete System |
i think it is a low risk trade with NJ since 240 is close....I'll still take the trade for good reward risk ratio. CHF NEWS come up soon |
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| Author: | Ingot54 [ Fri Apr 26, 2013 8:01 am ] |
| Post subject: | Re: 10.4 A Complete System |
Still waiting for the essence of that report by BOJ ... but so far I have had more movement from the wet lettuce on my salad! What a fizzer ... high impact news indeed. Reuters will be looking for a filler story tonight! Oh well ... we have: "SNB Chairman Jordan Speaks" and as I write ... the EUR M3 Money Supply figure is being released ... Moderate impact ... DOWN from expected 3.0 to 2.6% |
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| Author: | Ingot54 [ Fri Apr 26, 2013 8:14 am ] |
| Post subject: | Re: 10.4 A Complete System |
Bit hard to understand why the markets are so slow - Asian session ... decline in XXXJPY today ... zzzzz ... - Euro/London session ... well underway now ... limp as a day-old Trout ... I am only in the NZDJPY because of the good NZD news this morning ... but the market had it factored-in it seems, even though as I mentioned earlier, the balance of trade figure was 75% better than consensus. Go figure! |
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| Author: | Gertje [ Fri Apr 26, 2013 8:37 am ] |
| Post subject: | Re: 10.4 A Complete System |
Looks really great, looking forward! Seems like green is buy and red is sell and when yellow put pendings in? |
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| Author: | rebyte2 [ Fri Apr 26, 2013 8:41 am ] |
| Post subject: | Re: 10.4 A Complete System |
Hi Ingot54. The RSI2 is still in 'early' stages on giving a confirmed long entries on the H4 chart. I personally will place pending longs in on the pivot lines higher up( WR1) and wait for the PA to come to me. Good luck with your trade(s). |
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| Author: | nanningbob [ Fri Apr 26, 2013 9:02 am ] |
| Post subject: | Re: 10.4 A Complete System |
That and considering the angle and separation of the lines. Just got to get the indi working right under all conditions. Then make amends for the sudden news stories which indis cant predict and you are on your way. What this will help do is close out bad trades earlier because you know ahead of time they are going wrong and keep in trades longer because you know they are going great. |
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| Author: | rebyte2 [ Fri Apr 26, 2013 9:53 am ] |
| Post subject: | Re: 10.4 A Complete System |
AUDJPY is on the radar... atm. Its between the 61.8% and 76.4% lines. Arrows on H4 shows respect for the 240 line. There is an A, B, C? setting up on 1H chart. |
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| Author: | Gertje [ Fri Apr 26, 2013 10:51 am ] |
| Post subject: | Re: 10.4 A Complete System |
GBPJPY RRT on H4, 'W' on M15. CJ might be all over it, I'm just going to enjoy the ride... Should have taken profit yesterday at previous high -10, but greed "told me" there would be more to come. Went from +600 to -300 pips overnight.... What was it that Bob 'once slightly' mentioned? Something about taking profit when it's there? Now see where this sprint will end; TP@153.85 |
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| Author: | Pipstubborn [ Fri Apr 26, 2013 12:08 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Bob, will be RAM friendly when watching all the pairs? Thanks |
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