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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 410 of 745
Author:  TraderDesk [ Tue May 07, 2013 9:43 am ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:

Maybe the BigMac thread can shed some light, Bunker already uses the H4 and Daily CSS for entry's.

Unfortunately I can't use the new template, it kills my processor before I changed all the charts.
Went back to 10.4/5.0 template and try to avoid early entry's.

Had a week-off last week, with no trading and just let the existing trades from the previous week come to close. Only entered some pending above PA on the JPY-crosses in the evenings, closed them all and made 5.000+ pips on fridaynight alone. :D

Uncredible system, hard to imagine that it can be improved.
I love the results that you have produced. It is about following a trend over a longer-term period. I look at 10.4 system as a trend-following system that operates in the swing time-frame... i.e. a swing for me is over a week time period... Since you are trading xxxjpy crosses and they are averaging a higher midpoint average per swing then leaving positions open for two swings before closing allowed you to profit from the larger trend which of course is still going bullish.

If a trader has the patience and proper capitalization then leaving a portion of your trades open for the next swing or several swings can be a very very profitable move. :)

Trend will always be my friend... This is why a system like 10.4 works when applied with some foresight.
Author:  topgun [ Tue May 07, 2013 10:15 am ]
Post subject:  Re: 10.4 A Complete System
I am just trying all the indicators and have a couple of Qs

1. as you see in the pic below i have 10.4 v1.1 MM info and 10.4 Market info B.......they are both showing me basically same thing....distance from price to 240 line to know what size to trade but giving very different lot size values...why ?

2. The MM indicator allows me to know what size lot to trade from Current price to SL...but how do i see what trade size to place from Pending order entry to SL....which is what i need....as current price maybe 70 pips away from entry.....or do i modify it as price gets near?
Author:  nudiedudie [ Tue May 07, 2013 10:30 am ]
Post subject:  Re: 10.4 A Complete System
EurJpy

Hi All... Im new on here and trying to learn. Is EuroJpy a trade. long @130.17 or is it to weak on the info page?
Author:  Gertje [ Tue May 07, 2013 10:40 am ]
Post subject:  Re: 10.4 A Complete System
nudiedudie wrote:EurJpy

Hi All... Im new on here and trying to learn. Is EuroJpy a trade. long @130.17 or is it to weak on the info page?
It was valid, move might be over already.
Better wait for the RSI on USDJPY and NZDJPY to lay flat on the bottom to enter pendings.
.
Author:  TraderDesk [ Tue May 07, 2013 10:58 am ]
Post subject:  Re: 10.4 A Complete System
nudiedudie wrote:EurJpy

Hi All... Im new on here and trying to learn. Is EuroJpy a trade. long @130.17 or is it to weak on the info page?
If it was me I would first look on the CSS daily to see the position and angles of Euro and JPY. Euro is heading up and JPY is heading down on my chart so on the 4 hour chart I don't see a classic pending setup but I see that price action is still bullish. I then go to the 1 hour chart and look at the hourly CSS first. It shows a weakening JPY and a stronger EUR and a potential cross which in fact did happen...

I would then set my buy stops as shown below with a TP at DR1... But that is the way I trade...

Whether it is weak depends on the time-frame, daily CSS shows JPY weak and EUR strong so I would be bias in the same way...
5-7-2013 1-46-00 PM.jpg
Author:  lotv [ Tue May 07, 2013 11:46 am ]
Post subject:  Re: 10.4 A Complete System
Hi Bob,sorry to be a pest but I am having great trouble downloading 10.4 after having read the PDF... I am used to all types of downloads from FF etc but is it possible to let me have the individual indicators to establish a platform to work with ..... thanks lotv....wow I managed to download the template now !!! but can any one supply the weekly support and resistance lines which Bob uses???
Author:  Lydia [ Tue May 07, 2013 11:57 am ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:I used daily lines, and set no SL. Got some DD during the week, but am used to that.
Missed the thursday move, was in the car with the kids but 'knew' that the JPY would run again.

Was waiting fridaynight to TP and it worked out like planned.
Guys,

What is DD?

Thanks
Author:  peranders [ Tue May 07, 2013 12:08 pm ]
Post subject:  Re: 10.4 A Complete System
Lydia wrote:
Gertje wrote:I used daily lines, and set no SL. Got some DD during the week, but am used to that.
Missed the thursday move, was in the car with the kids but 'knew' that the JPY would run again.

Was waiting fridaynight to TP and it worked out like planned.
Guys,

What is DD?

Thanks

DD means Draw Down, losing trades.
Author:  TraderDesk [ Tue May 07, 2013 12:09 pm ]
Post subject:  Re: 10.4 A Complete System
Lydia wrote:
Gertje wrote:I used daily lines, and set no SL. Got some DD during the week, but am used to that.
Missed the thursday move, was in the car with the kids but 'knew' that the JPY would run again.

Was waiting fridaynight to TP and it worked out like planned.
Guys,

What is DD?

Thanks
DD is Drawdown... There are two types, Floating drawdown where your equity can go down until your positions are close and Actual Drawdown where your positions are closed and your balance is down...
Author:  spotdespot [ Tue May 07, 2013 12:21 pm ]
Post subject:  Re: 10.4 A Complete System
lotv wrote:Hi Bob,sorry to be a pest but I am having great trouble downloading 10.4 after having read the PDF... I am used to all types of downloads from FF etc but is it possible to let me have the individual indicators to establish a platform to work with ..... thanks lotv
Everything you need is either on Bob's first entry on page 1 of this thread or the location of anything new is given in that thread.

Cheers,
Dave.
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