Ray Singcar wrote:I have been following this thread from the inception and have been reasonably succesful in turning a live 2.5k account to just under 8k. I went away from the basic system and tried all the various mods that were coming through and my success slowed down. I was getting carried away too much with the Cuurency Slope Strength comparisons. So this week I went back to Bobs basic, keep it simple, system. I use the YAD104v 107 Dashboard and check for alerts for either RSI or Stoch bottoming/topping out. I then eyball charts that comply through Daily, 4, and 1 hourly periods and place pendings providing they are not threatened by Support or Resistance areas. My script places Target & Stop of 50 pips and I then adjust these to the makeup of the Chart..Stop generaly below last swing & target to Pivots or Mid Pivots. I mainly only place 1 or 2 levels of trade. I generally (but not always) place trades before London open and then monitor the trades. (on my I Phone if I am out, & I always carry my laptop with me so I can then jump on it and manage trades) When trades are positive I will move stops to breakeven or higher and run a trailing stop between 20 & 30 pips. Whilst this sytem is harder to trade in rangeing markets there are still always some opportunities evey week.
I live in Sydney and go to bed just after US open I wake for a toilet break through the nite & check my trades on my I Phone. Nice to go to bed with nothing open then have a few pendings go off whilst asleep and be positive a couple of hindred dollars. Even if in drawdown it causes me no stress, I am programmed for some losses and the wins far outway them.
Bob gave us a fabulous sytem of identifying the trend by the 240..& useing RSI for overbought/sold on the pullback, then tradeing backinto the trend, how easy is that..Bob..you are a champion
The Statement below is for this week.

Pip_Predator wrote:What is YAD104v 107 Dashboard? Anyone has a link to download it?

johnf wrote:Very inspiring Ray. Well done

May I please ask. Are all five options ticked on the top left?

cmeade2 wrote:While this forum is in a somnambulist state with Bob's vacation I wanted to post a recent insight on the 10.4/5 system.

Basically with the RSI(2) we are looking for a retrace on a trend (up or down) and that becomes a signal that we should get back in on the the trend.

The key question is when. Jem has put up his thread with an entry based on the H1 and CSS color changes. This has had mixed results, but Jem has provided important comments about the need to make sure the retrace is over before jumping in.

Picking up on this thread, it seems that the best way to look that a retrace is over is to look for for signs of resistance or support. Resistance if you want to go short, support if you want to go long.

And the best way to do this on H4 is to look for wicks into obvious levels of support or resistance.

As an example I have posted the NzdUsd from this week which showed an obvious level of support, triggering a long because of the RSI(2).

Looking back at charts over the weeks, I have seen lots of examples like this.

Basically I think that wicks may become a new area of focus.

cmeade2

art wrote:hi guys like the look of the dashboard, i've managed to download v 107, but can someone tell me where everything is supposed to go ,cheers