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10.4 A Complete System
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Author:  Zennor [ Tue Jun 11, 2013 10:36 am ]
Post subject:  Re: 10.4 A Complete System
sponn wrote:
peranders wrote:All of you trading JPY, lot of mumbo jumbo coming out now from the dragon causing a lot of stop hunt and volatility.
But remember it is just puffs from the dragon, Kuroda some months ago put a timelimit this summer on
Abenomics having effect.
I would say that I (we) are trading 10.4/10.5 system with the system rules. I don't care if the pair I trade is jpy/chf/aud/nzd.

In last 3 months or so 10.4/10.5 has proven that it is money machine (or your own ATM Machine like well known pirate said about his sytem).

The main advantage of this system is that you have rules to enter and exit the trade. You don't have to decide if the trade is good/bad/etc. System shows you good trade itself.
I agree with you Sponn, I do not look at which pairs I'm selling or buying, it's not in the 10.4 rules and in fact as you have mentioned quite the opposite. 10.4 will tell you to buy one currency pair on one chart and to sell it on another. I have found that trying to analyse the trades it gives me is counter productive so I no longer bother.
If 10.4 says sell then I sell without any further analysis or hesitation because quite simply it is far more accurate than I am when I think about what trades it is giving me.
Author:  fx800 [ Tue Jun 11, 2013 10:46 am ]
Post subject:  Re: 10.4 A Complete System
peranders wrote:All of you trading JPY, lot of mumbo jumbo coming out now from the dragon causing a lot of stop hunt and volatility.
But remember it is just puffs from the dragon, Kuroda some months ago put a timelimit this summer on
Abenomics having effect.
BTW, Kuroda is the EMPEROR, not the DRAGON. That title belongs to Draghi, the one who does the blah blah blah :D
Author:  art [ Tue Jun 11, 2013 11:43 am ]
Post subject:  Re: 10.4 A Complete System
Hi guys just checking in waiting for my flight at airport, very frustrating, really getting in to all this, and will not have a chance to tighten my skills with you guys, anyway Market will still be there when I return, make loads of pips, cheers
Author:  kwanann [ Tue Jun 11, 2013 11:46 am ]
Post subject:  Re: 10.4 A Complete System
art wrote:Hi guys just checking in waiting for my flight at airport, very frustrating, really getting in to all this, and will not have a chance to tighten my skills with you guys, anyway Market will still be there when I return, make loads of pips, cheers
Have a safe trip
Author:  kwanann [ Tue Jun 11, 2013 11:50 am ]
Post subject:  Re: 10.4 A Complete System
peranders wrote:All of you trading JPY, lot of mumbo jumbo coming out now from the dragon causing a lot of stop hunt and volatility.
But remember it is just puffs from the dragon, Kuroda some months ago put a timelimit this summer on
Abenomics having effect.

Ooh he spoke, what a convenient excuse to tank the yen pairs
Author:  peranders [ Tue Jun 11, 2013 11:55 am ]
Post subject:  Re: 10.4 A Complete System
@fx8000
Thanks.

@kwanann
It was just that he didn't add anything new that made it go down.

@other qouting the post.
All I am saying is that trading that (Kuroda saying nothing new) is risky against a strong fundamental, but as long as people are jusing jump stops it is fine, but if SL is still around 240MA then it is very far away when the big guys have loaded their longs.
Author:  Pedigree [ Tue Jun 11, 2013 12:11 pm ]
Post subject:  Re: 10.4 A Complete System
fx8000 wrote:
I use EQUITY X 20%.

So, if equity is $2000, then my maximum allowable DD would be $400.
Correct. Equity as opposed to Balance.
Author:  fx800 [ Tue Jun 11, 2013 12:17 pm ]
Post subject:  Re: 10.4 A Complete System
Pedigree wrote:
fx8000 wrote:
I use EQUITY X 20%.

So, if equity is $2000, then my maximum allowable DD would be $400.
Correct. Equity as opposed to Balance.
PRECISELY.
Author:  spillini [ Tue Jun 11, 2013 3:59 pm ]
Post subject:  Re: 10.4 A Complete System
Ok, I SOLD GBP/JPY and am up 300 pips as this writing.

I BOUGHT GBP/CAD and I am up 55 pips as this writing.

I sold USD/CHF and hit my limit at 9250 for 98 pips.

I bought the EUR/CAD at 1.3464 and hit my limit at 1.3596 for 115 pips.

Thanks again, Bob

Jim

spillini wrote:GBP/JPY

OK, I sold the Geppy for a bargain at the 153.80 and put a tight stop above 1.5438.

Sunday night I bought GBP/CAD at the 1.5812 mark with my stop below the 1.5732 mark.

I also sold the EUR/CAD at 1.3464 with stop below 1.3400 area.

I also sold the USD/CHF at .9348 with stop behind the .9470 mark.

All doing fine and pulled profit off of G/C and E/C

Jim
Author:  sponn [ Tue Jun 11, 2013 4:06 pm ]
Post subject:  Re: 10.4 A Complete System
Trades Total: 46
Trades Won: 44
Trades Lost: 2
Trades Even: 0
Max Profit: 197 pips
Max Loss: -30 pips
Avg Profit: 64 pips
Avg Loss: -23 pips
Pips gained: 2787.9
% gain: 22%

Still open : e/u long, a/j short, u/j short, cad/jpy short

This system is crazy for sure... Nanningbob many, many thx again
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