stevehopwoodforex.com • 10.4 A Complete System

Author:

ronald123 [ Wed Feb 20, 2013 12:13 pm ]

Post subject:

Re: 10.4 A Complete System

nanningbob wrote:
lhDT wrote:Thanks a million to write that booklet. Now, I get it
Can I ask you how many pairs you're watching for setups and how many setup you got in a week ?

Thanks,
Lio
That depends on the broker. With Cowboy IBFX I look at about 25 pairs, I also have a small account with easy Forex but with their higher spreads I have only 8 pairs to trade.

Hi nanningbob. First of all I wanna thank you so very much for sharing this magnificent system. Just found it yesterday and after reading your booklet I realize this system contains all the good ingredients that I came across ever since I've set my mind to 'conquering' Forex, about 8 months ago

There's one thing I have to (finally) get of my chest though, 'cause I keep reading about it over and over again, everywhere I look around (books, forums, etc.): why is everybody so obsessed about 1 or a few pips difference in spread??? I can understand if you're scalping for 3-5 pips at a time, but what difference does it make if your spread is 4 pips instead of 2 or 3, when your aiming for 30-40 or more pips?

I'm sure there's something I'm missing here, but I'm really curious to what it is...

Regards and thanks again for this wonderful gift!

Ronald

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Author:	spotdespot [ Wed Feb 20, 2013 11:32 am ]
Post subject:	Re: 10.4 A Complete System
lhDT wrote:AUDUSD Short @ 0335 Short 0338. Also short AUDCHF @ 9533. These are the only trades I have open now. Maybe closed the EURAUD and EURGBP a bit early actually. Exited all my GBPxxx shorts as expecting bounce from trendlines I have. The BOE minutes were great for those trades!! Exited all NZDxxx trades. Not a bad first week with 10.4 - risk 1% or 1.2 % per trade (1.2% as I started to split each in to 3 trades) EDIT: Enjoy the snow Bob! Thank you.

Author:	Wiggy1965 [ Wed Feb 20, 2013 12:13 pm ]
Post subject:	Re: 10.4 A Complete System
Who thinks AUDNZD is setting up for a short @ weekly Res1....RSI is not quite there, but if it does flatten, it looks good to me..... The only thing i still struggle with is the OA, it show strong green, although if we get down to entry at the pivot, we may already have a red bar.... What do you guys think...? Regards Wiggy

Author:	pips400 [ Wed Feb 20, 2013 12:17 pm ]
Post subject:	Re: 10.4 A Complete System
Can anyone help? On some of my charts the Weekly Pivots and Mid Pivots have disappeared whilst they are on others. I've tried everything I can think of but can seem to find where the problem is - Any suggestions anyone? Cheers pips400

Author:	lhDT [ Wed Feb 20, 2013 12:17 pm ]
Post subject:	Re: 10.4 A Complete System
Wiggy1965 wrote:Who thinks AUDNZD is setting up for a short @ weekly Res1....RSI is not quite there, but if it does flatten, it looks good to me..... The only thing i still struggle with is the OA, it show strong green, although if we get down to entry at the pivot, we may already have a red bar.... What do you guys think...? Indeed. Down trend as 240 is above the price, OA is topping. So all conditions are met to enter a pending short around 2308 at WR1 with a SL above 240.

Author:	spotdespot [ Wed Feb 20, 2013 12:20 pm ]
Post subject:	Re: 10.4 A Complete System
The only point I'd make Wiggy is that the last 2 "dips" in the Stochastic (or whichever indi you are using) didn't go all the way to the bottom of the range - so might be a warning?

Author:	Wiggy1965 [ Wed Feb 20, 2013 12:27 pm ]
Post subject:	Re: 10.4 A Complete System
spotdespot wrote:The only point I'd make Wiggy is that the last 2 "dips" in the Stochastic (or whichever indi you are using) didn't go all the way to the bottom of the range - so might be a warning? Spot, I'm just using the two indi's that Bob has within his template, the AO and RSI.... If your talking about RSI not bottoming out, then i can see a similar patten a few days ago, so it i'm not sure....I guess if it does hit the pivot, I'm only looking for it to get to the mid pivot to see to break even, this is only 40 pips and is very possible before a reversal as i think you are suggesting.... So, nothing ventured, nothing gained... Wiggy

Author:	spotdespot [ Wed Feb 20, 2013 12:37 pm ]
Post subject:	Re: 10.4 A Complete System
Hi Wiggy - yes I pretty much agree but I do remember reading a note of caution in Bob's booklet about this type of situation so I thought I'd mention it. Cheers, Dave.

Author:	thomasmore [ Wed Feb 20, 2013 1:24 pm ]
Post subject:	Re: 10.4 A Complete System
pips400 wrote:Can anyone help? On some of my charts the Weekly Pivots and Mid Pivots have disappeared whilst they are on others. I've tried everything I can think of but can seem to find where the problem is - Any suggestions anyone? Cheers pips400 Hi, they only show up on H4. If you want them on other TF's, go to their properties window, then "Visualisation" and check what you want. Hope this helps. Ludo

Author:	SWG123 [ Wed Feb 20, 2013 1:31 pm ]
Post subject:	Re: 10.4 A Complete System
lhDT wrote: Wiggy1965 wrote:Who thinks AUDNZD is setting up for a short @ weekly Res1....RSI is not quite there, but if it does flatten, it looks good to me..... The only thing i still struggle with is the OA, it show strong green, although if we get down to entry at the pivot, we may already have a red bar.... What do you guys think...? Indeed. Down trend as 240 is above the price, OA is topping. So all conditions are met to enter a pending short around 2308 at WR1 with a SL above 240. Took this short @ 2324 (my WR1 is at 1.2326).

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