Is anybody having problems with the new indicators? I was able to load the FastTMA last time but now I can't load the new ones from the roaming folder.
Please some help
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| 10.7 https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3549 |
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| Author: | AnGri [ Sun Apr 06, 2014 1:31 pm ] |
| Post subject: | Attempt to Summarize 10.7 rules so far |
Hi Bob and all into 10.7 & 10.9, i discovered the threads this morning and "updated" myself by summarizing the rules given so far the way i understand them. I post my summary for 10.7 here, and for 10.9 in the 10.9-thread. I'm not sure though if i got it all right. Thus i put in question marks at some points ... Hope this helps other's too to get a grip on the new systems. Summary of 10.7 rules so far: BUY TRADES ENTRIES 1. STO W2.1 (red) on top 2. STO D2.1 (yellow) on top 3. STO 7 (blue) comes up from bottom and alerts at 10 and 30 line 4. Additional Filter: Tom DeMark Trendline (TDMTL) break EXITS 1. STO7 (blue) hits the top OR ? 2. STO 7 (blue) starts to move in the opposite direction (from top?) 3. STO W2.1 (red) switches down from top to bottom Trailing 1. Move SL up when STO7 line crosses 50 2. Move SL up when STO7 line crosses 70 3. Move SL up or exit when STO7 line crosses 90 4. Definitely close all buy trades when indi gives CSS close signal (TMA slope goes back under -.03)??? OR 5. W2.1 (red) switches back down from top to bottom Take profit / close at Resistance area (or use some other line, Bollinger Bands, TMA, COG, xxx.000 or xxx.050 lines, S/R lines etc. etc. to establish exit target) SELL TRADES ENTRIES 1. STO W2.1 (red) on bottom 2. STO D2.1 (yellow) on bottom 3. STO 7 (blue) comes down from top and alerts at 90 and 70 line 4. Additional Filter: Tom DeMark Trendline (TDMTL) break EXITS 1. STO7 (blue) hits the bottom OR ? 2. STO 7 (blue) starts to move in the opposite direction (from bottom?) 3. STO W2.1 (red) switches up from bottom to top Trailing 1. Move SL down when STO7 line crosses 50 2. Move SL down when STO7 line crosses 30 3. Move SL down or close when STO7 line crosses 10 4. Definitely close all buy trades when indi gives CSS close signal (TMA slope goes back under .03)??? OR 5. STO W2.1 (red) switches up from bottom to top Take profit / close at Support area (or use some other line, Bollinger Bands, TMA, COG, xxx.000 or xxx.050 lines, S/R lines etc. etc. to establish exit target) END of Summary Edit: Added a remark from Bob in the 10.9 thread that did not show up as a reply, but landed in my post there. I'm not sure if i got his message right. Can somebody confirm we are on the right track? |
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| Author: | zentauro67 [ Sun Apr 06, 2014 9:39 pm ] |
| Post subject: | 10.7 |
Markets opened! I can´t remember the last time I was so excited with clothes on. Opening gaps seem have a heavy influence in first Weekly 7Stoch positions. I surprise myself crying to the red lines: Please, stay there! Don´t move! Most of pairs look steady, but it´s too soon to say anything... Ah, Bob, this is wild! |
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| Author: | astral77 [ Mon Apr 07, 2014 12:47 am ] |
| Post subject: | 10.7 |
I know traders are very excited to start trading this system as soon as possible. However, beware of Mondays, Fridays and any news fundamental days. No indicator or combination of indicators can predict the effect of the news. BOB has said it numerous times, but I thought a reminder does not hurt. BEST of LUCK and plenty of PIPS. Kind Regards |
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| Author: | nanningbob [ Mon Apr 07, 2014 2:36 am ] |
| Post subject: | 10.7 |
My computer has quit so I am undone for the day |
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| Author: | trucomallica [ Mon Apr 07, 2014 3:26 am ] |
| Post subject: | 10.7 |
Is anybody having problems with the new indicators? I was able to load the FastTMA last time but now I can't load the new ones from the roaming folder. Please some help |
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| Author: | nanningbob [ Mon Apr 07, 2014 8:20 am ] |
| Post subject: | 10.7 |
OK I rushed home from school and looked at my computer. Found my first 10.7 trade back into the trend on the 30M usd/jpy. The first one was good for 20 pips so see if there is a second. I have not said much about trading the 30M and 1H yet but this is what a trade set up would look like. W2.1 on bottom. Yellow D2.1 on bottom price retraced back above the 70. Now looking for STO7 reversal signal from the indi. It will go up to the TL and bounce or cross the 70 and go south. What is nice about the indi is you dont have to watch. You can let it warn you that JPY has moved above the 10 and crossed back or jpy has crossed 70 before it reached the 90. Then when it gets to the bottom it will tell to look for your profit. See chart below. |
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| Author: | nanningbob [ Mon Apr 07, 2014 8:32 am ] |
| Post subject: | 10.7 |
I like the nzd/usd on both the 4H and 1H. I will show you the 1H trade which will show a good TL break to the south. The 4H shows a possible bounce off of the 60 and 4H TL. If it does you see a lot of distance between there and bottom of TL. I like these kind of bounce inside the triangle trades. If NZD decides to slow down this week on the CSS and the USD decides to speed up this will be a good trade. If the USD weakens and the NZD stays strong then it will break above the 60 line and we will be back in an UT again. So waiting for the SIGNAL. |
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| Author: | nanningbob [ Mon Apr 07, 2014 8:34 am ] |
| Post subject: | 10.7 |
4H nzd/chf breaking 70 line soon?? RED down, Yellow down, STO7 ready to give signal. |
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| Author: | onward62 [ Mon Apr 07, 2014 9:06 am ] |
| Post subject: | 10.7 |
Bob, what are your settings for the TL indi? My TL's don't dissect the same candles as yours.
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| Author: | nanningbob [ Mon Apr 07, 2014 10:00 am ] |
| Post subject: | 10.7 |
That would have to be a broker thing maybe. We have had issues with indis from using different brokers and different candle formations. make sure we are on the same TF. |
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