stevehopwoodforex.com • 10.4 A Complete System

Author:

Geges [ Tue Apr 30, 2013 9:02 am ]

Post subject:

Re: 10.4 A Complete System

The_Snowman wrote:Couple of questions, see chart of 4H - GBP=JPY

Rule 1 is Only Buy Above the 240 line

Buy at the Pivot or Support & Resistance lines

RSI thingy is at bottom

Do we wait for a Yellow bar with this new CSS or still jump on as it crosses the Daily Pivot?

Hope this is good example of my question, please comment, criticize, scold as required

How about the AUD=USD, is that setup for a SELL?

Here's Bob's rules from page 374...

OK very simply here are the rules. When RSI 2 and 240 line give a siganal you will now use the CSS to filter when to set your entrances. Basically the rule is simple:

RULE 1
NEVER SET PENDING BUYS WHEN IT IS RED
NEVER SET PENDING SELLS WHEN IT IS GREEN

RULE 2
SET YOUR PENDING WHEN IT IS THE NEUTRAL GOLDENROD.

RULE 3
IF THE COLOR CHANGES TO RED WHEN YOU HAVE BUYS CLOSE THE PENDINGS OUT
IF THE COLOR CHANGES TO GREEN WHEN YOU HAVE SELLS CLOSE THE PENDINGS OUT

THOSE ARE THE RULES IN ADDITION TO THE BASIC 10.4 SETUP. SIMPLE ENOUGH NOW FOR SOME EXAMPLES

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Author:	nanningbob [ Tue Apr 30, 2013 6:09 am ]
Post subject:	Re: 10.4 A Complete System
johnf wrote:I quite like Bob's colour codes but find he entry levels difficult to see. Can anyone tell me how to change the entry colours please. Found it ...sorry hit F8 change the volume level and the stop level. Sorry test version.

Author:	nanningbob [ Tue Apr 30, 2013 6:13 am ]
Post subject:	Re: 10.4 A Complete System
TraderDesk wrote:Looking at the 4 hour chart of EURGBP with only the addition of HA indicator that I like to use. CSS is currently showing green so as I understand no pendings to be set until the gold-bar comes up signifying a potential currency pair cross... So we would wait... Looking at the daily CSS I see GBP is top of the list as the strongest while EUR is third down and with a steeper downward angle. That should show momentum of EUR outpacing GBP in a bearish structure...At least on the daily CSS... eurgbph40430.png You could look at selling the Daily pivot when the time is ripe. Waiting to pick some golden fruit.

Author:	Staedtler [ Tue Apr 30, 2013 6:36 am ]
Post subject:	Re: 10.4 A Complete System
you guys think the CB Consumer Confidence report will have any serious effect on the NZDUSD pair ?

Author:	TraderDesk [ Tue Apr 30, 2013 6:37 am ]
Post subject:	Re: 10.4 A Complete System
nanningbob wrote: You could look at selling the Daily pivot when the time is ripe. Waiting to pick some golden fruit. Hi Bob, I actually sold at DMR1 and have a pending sellstop at DP as well on the hourly TF... Same goes for EURNZD as well...

Author:	TraderDesk [ Tue Apr 30, 2013 7:46 am ]
Post subject:	Re: 10.4 A Complete System
Looks like YEN strength could be a repeat of last month where it become bullish to other currencies peaking until the end of month and then on the first week of the new month started to drop sharply... Will keep an eye out for the xxxjpy crosses for next week for going long opportunities using 10.4/5 dailycss0430.jpg

Author:	The_Snowman [ Tue Apr 30, 2013 8:41 am ]
Post subject:	Re: 10.4 A Complete System
Couple of questions, see chart of 4H - GBP=JPY Rule 1 is Only Buy Above the 240 line Buy at the Pivot or Support & Resistance lines RSI thingy is at bottom Do we wait for a Yellow bar with this new CSS or still jump on as it crosses the Daily Pivot? Hope this is good example of my question, please comment, criticize, scold as required How about the AUD=USD, is that setup for a SELL?

Author:	cjthomson [ Tue Apr 30, 2013 8:57 am ]
Post subject:	Re: 10.4 A Complete System
The_Snowman wrote:Couple of questions, see chart of 4H - GBP=JPY I have the same question, although its the GBPAUD that looks to be setting up.... but not until the CSS changes to gold? - correct??

Author:	snailbeard [ Tue Apr 30, 2013 9:04 am ]
Post subject:	Re: 10.4 A Complete System
Bob, Baluda, Many thanks for all the hard work! Last week I wheeled in an older PC to run and display just the currency strengths as my main Empty4 was grinding slow with too many charts. This new indicator looks great and I am just going to try it out today... I also had my laptop on side so that I could quickly skip through Bollinger extremes on monthly, weekly, daily without disturbing the Empty4 timeframe - and some currencies (like NZD) look like they have moved to the limit and due for a change of direction sometime soon perhaps.

Author:	The_Snowman [ Tue Apr 30, 2013 9:24 am ]
Post subject:	Re: 10.4 A Complete System
Here's Bob's rules from page 374... OK very simply here are the rules. When RSI 2 and 240 line give a signal you will now use the CSS to filter when to set your entrances. Basically the rule is simple: RULE 1 NEVER SET PENDING BUYS WHEN IT IS RED NEVER SET PENDING SELLS WHEN IT IS GREEN RULE 2 SET YOUR PENDING WHEN IT IS THE NEUTRAL GOLDENROD. RULE 3 IF THE COLOR CHANGES TO RED WHEN YOU HAVE BUYS CLOSE THE PENDINGS OUT IF THE COLOR CHANGES TO GREEN WHEN YOU HAVE SELLS CLOSE THE PENDINGS OUT THOSE ARE THE RULES IN ADDITION TO THE BASIC 10.4 SETUP. SIMPLE ENOUGH NOW FOR SOME EXAMPLES[/quote] OK, thanks for re-posting that, however, I see this GBP-JPY as a case where there may not be enough of a price retracement to allow a Yellow bar before price cross the WP; then the next entry is WMR1 Or I could be completely wrong, maybe price will continue to down to 240 LWMA I will watch price action and try to absorb the rules as it moves along, regards

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