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10.4 A Complete System
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Author:  nanningbob [ Thu May 02, 2013 11:50 pm ]
Post subject:  Re: 10.4 A Complete System
we need to be posting actual trade setups so people can see what is going on better.
Author:  nanningbob [ Fri May 03, 2013 1:20 am ]
Post subject:  Re: 10.4 A Complete System
Most JPY pairs look like this NZD/JPY

10.4 signal, GOLD bar, ready to cross WP.
Author:  cmeade2 [ Fri May 03, 2013 1:28 am ]
Post subject:  Re: 10.4 A Complete System
Bob

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

nanningbob wrote:Most JPY pairs look like this NZD/JPY

10.4 signal, GOLD bar, ready to cross WP.
Author:  nanningbob [ Fri May 03, 2013 1:29 am ]
Post subject:  Re: 10.4 A Complete System
aud/chf back into the DT
Author:  nanningbob [ Fri May 03, 2013 1:35 am ]
Post subject:  Re: 10.4 A Complete System
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.
Author:  cmeade2 [ Fri May 03, 2013 1:37 am ]
Post subject:  Re: 10.4 A Complete System
I have green bars on that pair
nanningbob wrote:aud/chf back into the DT
Author:  garyfritz [ Fri May 03, 2013 1:38 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote: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?
Author:  nanningbob [ Fri May 03, 2013 1:57 am ]
Post subject:  Re: 10.4 A Complete System
cmeade2 wrote:Bob

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

nanningbob wrote: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.
Author:  bluedog23 [ Fri May 03, 2013 2:12 am ]
Post subject:  Re: 10.4 A Complete System
nzd usd daily.png
nzd usd h4.png
Here's one to consider.
Author:  nanningbob [ Fri May 03, 2013 2:44 am ]
Post subject:  Re: 10.4 A Complete System
bluedog23 wrote:
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.
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