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10.4 A Complete System
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Author:  mjws00 [ Tue Feb 26, 2013 7:34 pm ]
Post subject:  Re: 10.4 A Complete System
Here is a thread for Dashboard questions. Bug finds, requests, and fixes. I agree wholeheartedly on keeping this one full of pretty pictures and setups.

Basic questions to 10.4 for Dummies

Dashboard questions to Another 10.4 Dashboard

Clean is good.
Author:  padnoter [ Tue Feb 26, 2013 7:51 pm ]
Post subject:  shorts on euraud & eurnzd
euro shorts triggering now... look valid to me, any thoughts?
fairly close to ma240, so stop lower.
eur_shorts.png
Author:  sponn [ Tue Feb 26, 2013 7:55 pm ]
Post subject:  Re: 10.4 A Complete System
Nzd for sure - close MA, nice PA, everything in place. for e/aud my stoch is at 60 now. But I'm using IcMarkets (GMT).

Also I believe that there will be nice setup with g/nzd... hard to say what will be dropping faster - eur or gbp ;)
Author:  sponn [ Tue Feb 26, 2013 8:16 pm ]
Post subject:  Re: 10.4 A Complete System
I also have got gcad short but looks like this pair is loosing its momentum...
Author:  cmeade2 [ Tue Feb 26, 2013 8:36 pm ]
Post subject:  Re: shorts on euraud & eurnzd
Are you short because you think it's going to turn around? It is below the 240 but alot of other things suggest it could keep running up.

I'm long
allisonmagic wrote:
padnoter wrote:euro shorts triggering now... look valid to me, any thoughts?
fairly close to ma240, so stop lower.
eur_shorts.png

Yup, i'm short on eurnzd as well. looks yummy. at least 200+
Author:  mjws00 [ Tue Feb 26, 2013 8:37 pm ]
Post subject:  Re: 10.4 A Complete System
AUDNZD Another example of where to be careful. I got taken with a peaker trade on this one a while ago with a pending set on the pegged RSI last week. I decided to just let it ride and see if it would turn at WMS1. Someone else took it as a break below the pivot. I closed it last night to be flat. But that was a time based stop, not vanilla. We were stopped out with strict 10.4 @ the 240. The WMS1 entry is completely a legit setup with a 20 pip stop. Pretty good RR. It may be ready to turn pretty soon (RSI pegged), but is no longer vanilla as we are above 240. I'm not in it, and won't be.

Mike
Author:  cmeade2 [ Tue Feb 26, 2013 8:40 pm ]
Post subject:  Re: shorts on euraud & eurnzd
padnoter wrote:euro shorts triggering now... look valid to me, any thoughts?
fairly close to ma240, so stop lower.
eur_shorts.png
I may be wrong but I thought the idea was that you entered the trade after the RSI(2) started to move in that direction. That has not happened for either of these pairs.
Author:  cmeade2 [ Tue Feb 26, 2013 8:43 pm ]
Post subject:  Re: 10.4 A Complete System
If you look at it on the H4, it was a very nice setup for a long trade as it approached and broke through the 240 as the RSI(2) was moving up nicely. Good for about 70 pips for me.
mjws00 wrote:AUDNZD Another example of where to be careful. I got taken with a peaker trade on this one a while ago with a pending set on the pegged RSI last week. I decided to just let it ride and see if it would turn at WMS1. Someone else took it as a break below the pivot. I closed it last night to be flat. But that was a time based stop, not vanilla. We were stopped out with strict 10.4 @ the 240. The WMS1 entry is completely a legit setup with a 20 pip stop. Pretty good RR. It may be ready to turn pretty soon (RSI pegged), but is no longer vanilla as we are above 240. I'm not in it, and won't be.

Mike
Author:  cmeade2 [ Tue Feb 26, 2013 8:44 pm ]
Post subject:  Re: shorts on euraud & eurnzd
You mean you think it is going to the WS1? To be sure it is at the WP but there are a number of reasons why it could break through and keep going.
allisonmagic wrote:
cmeade2 wrote:Are you short because you think it's going to turn around? It is below the 240 but alot of other things suggest it could keep running up.

I'm long
allisonmagic wrote:
padnoter wrote:euro shorts triggering now... look valid to me, any thoughts?
fairly close to ma240, so stop lower.
eur_shorts.png

Yup, i'm short on eurnzd as well. looks yummy. at least 200+

I'm short to the WS1
Author:  cmeade2 [ Tue Feb 26, 2013 8:49 pm ]
Post subject:  Re: shorts on euraud & eurnzd
I'm not going to jump up and down about this, but I think things are pointing up. I'm good for 30 pips now in a long trade and was up as much as 110 earlier.
allisonmagic wrote:
cmeade2 wrote:You mean you think it is going to the WS1? To be sure it is at the WP but there are a number of reasons why it could break through and keep going.



it could bounce of WMP. all i know is price is below the 240 and rsi2 flattened out, so i set my entry at WP to go short after the break of WP a couple candles ago
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