Staedtler wrote:For example, on the usdchf the usd is above the chf on the D1 and on the H4 usd is on the bottom while the chf is on the top (same on CSS on the chart) - so you are looking for the pairs to change places on the H4? Thanks for the help..

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i was told by nanningbob that this indicates a trend change

rosst wrote:

kwanann wrote:DARN, while replying this, USDCHF has BEGUN!

Wow - I don't see any movement to speak of! Still in a 25 pip Asian channel...
Another possible W could be forming on the H1 chart if you scrunch up your chart (technical term) look back to May 14

Staedtler wrote:i'm still short nzdjpy.. we hit WS1 .. should hold or close ?


my fib says were gonna hit 79.10

nanningbob wrote:

Staedtler wrote:i'm still short nzdjpy.. we hit WS1 .. should hold or close ?


my fib says were gonna hit 79.10

Check your past history but NZD and AUD arent known for going outside S1/R1 and if they do it is not by much. I see the NZD had some nice moves but no news story to go with it so I wouldnt expect it to move much past there.

kwanann wrote:One thing i really like about the 10.5 system, which helps to bring us closer to CJ type accuracy

CSS.PNG

Notice the CSS shows CHF gaining strength and USD losing strength in the past couple of days

I've also cross annotated the 10.5 USDCHF chart with some CJ PA comments

USDCHF.PNG

Notice the beauty of 10.5 together with CJ PA, the lines are the typical pit stop of the foxes only when they want it to be, and how they put pins right at the lines as well so sucker people in.

PA already foretold the weakening of USD and strengthening of CHF on 17 May, CSS only picked it up a while later. the 240 MA, well its always been the slowest of the lot to figure.

Now as bob mentioned, price typically goes to WR1 or WS1.

So if you were playing pure 10.5 rules, you would have only put in buys for USDCHF till now, and even then i believe some of you guys would still be thinking of putting in buys as per 10.5 rules (crossing of DP, crossing of WP is almost impossible at this point)

or you might be confused with the CSS and not play this pair (since H4 CSS is red, RSI is flatbottom)

For me, here is my map for USDCHF, i'm expecting it to go back to DP (but not doing longs, too high risk), but i will place pending sells at those levels in case it goes there. Trades above the 240 is considered CJ PA style where i'm expecting stop hunts to happen and trap more longs before bringing it down.

Below 240ma, would be NB style trades, since the lines dont exist there i'm just putting in at H4 level and midlevels, TP at each level, i'm guessing that it will goto WS2 (CJ's H4 L2), probably not today

USDCHF.PNG

endikwong wrote:

f451 wrote:Another nuance of 10.4 is the use of the pivots...


A lot of old time traders use pivots, and as Bob has pointed out crosses of the DP or WP are generally considered the switch of bias from short to long or vice-versa. Basically they're using pivots to assess the health of the trend. If price is consistently above the pivot, trading in a range between r1 (or r2, r3) and the pivot and retraces are respecting the pivot, then it's still an uptrend. if price is consistently beneath the pivot, trading between s1 (or s2, s3) and the pivot and retraces are respecting it, then you're in a downtrend. When price breaks that pivot this is most likely the start of a transition to a range or the beginning of a reversal. It's another thing to notice on the 10.4 template and help you decide when you want to set your pendings.

When price is trapped between the pivot and the 240, it's time for conservative traders to pass. Aggressive traders might go counter trend (using RS12 and CSS or price action) after the break of the weekly pivot, but before the break of the 240, targeting the 240 instead of WS1 or WR1.

I've marked up Kwanann's chart to illustrate.

Some questions:
In this period, price still manages to cross WP and hits WR1. You mentioned that at WR1 it's a good point for counter trend shorts. How do you know this, since at that point price is between WP and WR1 and it's supposed to be in "long" trade.

I am sorry if this is not related to 10.x. Please feel free to delete my post here.

Thanks