10.4 A Complete System

[nanningbob]

we need to be posting actual trade setups so people can see what is going on better.

[nanningbob]

Most JPY pairs look like this NZD/JPY

10.4 signal, GOLD bar, ready to cross WP.

[cmeade2]

Bob

I'm still trying to understand this new approach. But wouldn't this just be a buy regardless of the WP.

Most JPY pairs look like this NZD/JPY

10.4 signal, GOLD bar, ready to cross WP.

[nanningbob]

aud/chf back into the DT

[nanningbob]

Look at the USD/CAD and USD/CHF back into DT by crossing the daily pivot. That should keep you busy today. JPY sells and a handful of aud, usd, gbp to boot.

[cmeade2]

I have green bars on that pair

aud/chf back into the DT

[garyfritz]

Most JPY pairs look like this NZD/JPY
10.4 signal, GOLD bar, ready to cross WP.

So you'd hold off and place your pendings above the WP? RSI was bottomed out when the bar highs were below WMS1, and if you were aggressive you could have placed pendings at WMS1. But I guess "getting in too early" is what you're trying to avoid, so you wait for the goldenrod?

[nanningbob]

Bob

I'm still trying to understand this new approach. But wouldn't this just be a buy regardless of the WP.

Most JPY pairs look like this NZD/JPY

10.4 signal, GOLD bar, ready to cross WP.

DP and WP are very important trading points. Many professional traders will not trade until those lines are crossed. That is why you see good movement when they are. 10.4 is just not one indi getting back into the trend can be an RSI 2 signal, Gold bar, crossing of WP or DP. Any AUD or GBP that gets back to the pivot look for the bounce back into the trend. JPY anytime that BOJ official speaks watch out. I have never seen a BOJ official affect the market like he does. Usually you need Bernanke or Draghi to say something to move the market but he sneezes and watch the JPY boomerang all over the place. Used to drive me nuts but as you get to understand these guys you can profit form them.

[bluedog23]

nzd usd daily.png

nzd usd h4.png

Here's one to consider.

[nanningbob]

nzd usd daily.png

nzd usd h4.png

Here's one to consider.

Good catch. I seem to have plenty on my plate for today but good looking trade.