stevehopwoodforex.com • 10.4 A Complete System

Author:

kwanann [ Fri May 17, 2013 7:28 am ]

Post subject:

Re: 10.4 A Complete System

bernard wrote:
kwanann wrote:hmm abit confused here. Are we supposed to look at CSS and RSI based on 4hr or 1hr?

i know pendings are set at 1H, but readings?
So far this is what I know (Somebody correct me if I am wrong):
With 10.5 template Read H1 and Place the pendings on H1
With 10.4 template Read H4 and place the pendings on H1

--------------
In practice, I use 10.5 only. I read it on H4 and place my trades on H1 and so far It has worked good for me. Moreover, I am too dumb/lazy/busy to babysit my trades one by one, put the SL, TP and move to BE....

I treat my trades as a basket. If I see a handful of greenbacks in there, I take it and run.

Bernard

Bernard,

So do you take signals from H4 or H1?

You said you use 10.5, which is supposed to be taking signals from H1(?), but from what pipstubborn and you are saying, it seems to be taking H4 RSI and CSS signals and placing pendings on H1?

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Author:	nanningbob [ Fri May 17, 2013 3:53 am ]
Post subject:	Re: 10.4 A Complete System
I go to the 1H chart of the aud usd and I have good entrance and signals from CSS to reenter. SL Line is not that far away if the run is done.

Author:	nanningbob [ Fri May 17, 2013 4:01 am ]
Post subject:	Re: 10.4 A Complete System
15M you can catch a cross back off of its 240 line back into the trend. Now you know not to enter at its extreme.

Author:	nanningbob [ Fri May 17, 2013 4:03 am ]
Post subject:	Re: 10.4 A Complete System
Any way have fun. I want to try to finish my update by tomorrow. Maybe even this evening. I will tack this on as something to play with.

Author:	bluedog23 [ Fri May 17, 2013 4:21 am ]
Post subject:	Re: 10.4 A Complete System
Chris wrote:any thought on gbpcad? set pending now or wait for the gold? Although I am a little leery about any shorts on the GBP I think it is trying to rebound I have pendings set on the H1, but I tend to set them a bit early.

Author:	kwanann [ Fri May 17, 2013 6:02 am ]
Post subject:	Re: 10.4 A Complete System
hmm abit confused here. Are we supposed to look at CSS and RSI based on 4hr or 1hr? i know pendings are set at 1H, but readings?

Author:	bernard [ Fri May 17, 2013 6:14 am ]
Post subject:	Re: 10.4 A Complete System
kwanann wrote:hmm abit confused here. Are we supposed to look at CSS and RSI based on 4hr or 1hr? i know pendings are set at 1H, but readings? So far this is what I know (Somebody correct me if I am wrong): With 10.5 template Read H1 and Place the pendings on H1 With 10.4 template Read H4 and place the pendings on H1 -------------- In practice, I use 10.5 only. I read it on H4 and place my trades on H1 and so far It has worked good for me. Moreover, I am too dumb/lazy/busy to babysit my trades one by one, put the SL, TP and move to BE.... I treat my trades as a basket. If I see a handful of greenbacks in there, I take it and run. Bernard

Author:	cjthomson [ Fri May 17, 2013 6:25 am ]
Post subject:	Re: 10.4 A Complete System
Staedtler wrote:well i had a million dollar week this week Yep - AUDNZD also killed me. take the losses I had there away and it was pretty good for me. I had three AUDNZD entries, all triggered, the first hit target but the other two lost taking all the gains from position 1 and some more.

Author:	nicoacademia [ Fri May 17, 2013 6:48 am ]
Post subject:	Re: 10.4 A Complete System
cjthomson wrote: Staedtler wrote:well i had a million dollar week this week Yep - AUDNZD also killed me. take the losses I had there away and it was pretty good for me. I had three AUDNZD entries, all triggered, the first hit target but the other two lost taking all the gains from position 1 and some more. was thinking from the daily CSS perspective. it would be probability based more beneficial to look for trades on the top3 vs bottom3? there needs to be strong strength versus weak weakness. i remember this week has been CAD GBP USD/EUR in the top 4... thinking from a probability basis. safer i guess is top 2 vs bottom 2. daily css from start of this week. 130517 css.png

Author:	SWG123 [ Fri May 17, 2013 7:30 am ]
Post subject:	Re: 10.4 A Complete System
nicoacademia wrote: safer i guess is top 2 vs bottom 2. That's what I've been doing - certainly paid off this week.

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