10.4 A Complete System

[Pipstubborn]

Yen is weakening on both TF of INFO PAGE. Maybe now is the good one. Good luck!

I wouldn't go long with xxxjpy until UJ break it's 240 line. If it fail all xxxjpy will go down.

All the yen pairs broke the WP line. AUD and NZD just following behind but same behavior

[Pipstubborn]

Yen is weakening on both TF of INFO PAGE. Maybe now is the good one. Good luck!

I wouldn't go long with xxxjpy until UJ break it's 240 line. If it fail all xxxjpy will go down.

All the yen pairs broke the WP line. AUD and NZD just following behind but same behavior

[Pipstubborn]

ok, i got it, the jpy on the info page is certainly turning down, so buy back in on retracement, bobs trades allready hit good profit,foolish to jump in now

You are still on time.... the ride will be big. Find a dip on UT on H1 or maybe M30 or jump on AUD/JPY and NZD/JPY which are following behind.

[Pipstubborn]

Yen is weakening on both TF of INFO PAGE. Maybe now is the good one. Good luck!

I wouldn't go long with xxxjpy until UJ break it's 240 line. If it fail all xxxjpy will go down.

You can wait if you want to.
So far today I have pocketed
EJ +92
CJ +135
AJ +35
UJ +63
CJ +78
GJ +43

Total +446

And I have more profitable trades going on with them now.

The Master. I know that you are very good trader so it doesn't suprise me. Anyway... you have SAID it yourself.

Main 10.4/10.5 rule - BUY above 240, SELL below 240. None of above gains were made with 240 rule... all were made against it.

We all know that you are very good teacher/trader and you are able to make great amount of pips/money. But hey... these trades were still agianst rules

If you have the choice;
A. Trade ''against the rules'' and make money
B. Trade ''with the rules'' and loose money or stand aside

What choice would you make?

I made a few bad decisions last week, my signature will show for that. I know now where I went wrong, and will trade ''against the rules'' again if I see fit.
.

People is also missing that breaking a WP back into the UT is an important key..... you guys review the 10.4/10.5 booklet

[art]

will have to leave all the pips for you guys, im away tomorrow morning early uk time, so will try the jpy strategy next month hopefully

[zentauro67]

I just opened a thread on a 6-levels 240.

http://www.stevehopwoodforex.com/phpBB3 ... =45&t=2495

[Pipstubborn]

Why not to trade by the rules? The rules are there to not to let the market beat crap out of you!This whole tread is about learning people how to trade by the rules and by following them to trade successfully with steady wins small looses and draw dawns.
And re Bob`s trading, he mentioned more than few times that sometimes his trading is not exactly by the book (the JPY selling is another well known story), If I had his EXPERIENCE I would do the same. I don't have it ergo I am following rules that are designed to protect.

If you trade by the rules you will make money. But those rules came out of years of hard learned experience.
90% of the time I am trading by those rules. However, every several years a Macro-economic trend happens. I used to get killed by these things, The guy I really learned Forex trading from (Peter Bain) was a pivot/trendline indicator guy. He was always bullish USD. Well, during the Bush administration it was sell the dollar. Just look at a monthly chart and you will see what I mean. Because of that I gave up on his system but his teachings were part of me and a lot of 10.4. trendline is the 240 line and I use weekly pivots instead of daily pivots. That is where that stuff came from. The one thing I did not learn from him and took me years and years to learn was knowing macro-economics. I had to learn currency exchange and how they interact in business when I started a school here in China. When I figure tuition I have to figure the exchange rates or i can lose a lot of money quickly.

Then OCT. 2008 hit and I learned about my first Macro-economic event. I finally began to understand that Forex is driven by what happens out there. Once again I lost money but i also saw there were people out there who knew this was coming and the made millions/billions on the market. Was this some big secret?? I finally figured out that the Forex writers were full of ..................... sorry Steve. They didnt know and were wrong way too much. But it bugged me how the big guys knew. The first thing I threw out were the conspiracy guys. I was lucky enough to come across John Maudin and I entered the world of economic investors who trade by Macro-fundamentals. For the first time I began to understand what drives the markets. The USD 8 year Bush drop was no surprise to them. OCT. 2008 and its aftermath they nailed that one too. They were really close on what was going to happen next. It is no big mystery or secret. You have to understand the difference between a macro economic issue and the regular day by day stuff. Well way before it ever hit the news he began to talk about the fundamentally flawed Euro as it stood. (This was back when people were predicting the Euro was the next world currency and would replace the dollar.) There was no way that was gong to happen in fact he stated that over the next 5 years the Euro would hit a crossroads and would be in danger of disintegrating if certain structural problems were not dealt with. I said OK. Boy did I get mocked over at FF when I repeated the Euro would not replace the dollar. But it happened. 2011 came, Greece hit the news just as John predicted and the Euro dropped like a rock. I did make money but I missed most of the move because the big boys would scare me off like JPY is scaring many of you off now. He walked me through that whole thing (He is not even a Forex trader but will invest in currencies from time to time). When that one finished up in fact before that one was finished he began to lay out the problem of Japan. He called a bug looking for a windshield. When Abe became the front runner last fall and won, I was ready to listen to this guy and many others like him. JPY is going to depreciate and the big boys know it. However, they need buyers, so they can sell. And they got a bunch on the hook right now. Yeah Dragon Head caught me by surprise last week but I trade in such a way that no one can blow me out of my account anymore.

For some of you this is your first experience in seeing a Macro fundamental move. Learn all you can because next time you will know enough to retire. Watch how the big boys maneuver the market for a big kill when everyone is going one way. Then watch them maneuver the market to get everyone going the wrong way so they can clean up again. They needed buyers so they could sell, well they have plenty of people buying the JPY now. There is one thing the big boys cant do though. They cant change the Macro fundamental that is moving the market long term. For us that is the 240 line the vast majority of time but in this case, they want the JPY move all to themselves. Well sorry big boys I am riding with you on this one until the macro fundamental changes I am into each wave.

Yeah, there are small waves and big waves. I also think that Dragonhead shakes the markets in purpose with his dumb bla, bla bla to highly benefit himself..... no wonder why is so wealthy

[amleth]

Is it just me, or are CAD/CHF and AUD/JPY correlated? They maybe different pairs, but they seem to rise and fall together ....

[aserschan]

usd/chf trade-setup:
css goldenrod, under 240 and rsi on top.
stop sell at daily pivot with take profit at weekly support 1 and stop loss at 240.

any comments?

[Pedigree]

..... It took guts to come on here and share your pain and lessons. Traders learn more from losing than they do winning anyway.

So true!

Gertje, you know you have what it takes to put it all together again, only this time with value added - the value of now knowing how to keep it all together. I believe with this experience you are so much more now a better trader. That is, no doubt, something to cheer about.

I would like to ask this though:

What is the best way to keep tabs on your percentage DD? Also, how do you tell what percentage of your total wins and losses are accounted for by any one currency pair?