stevehopwoodforex.com • 10.4 A Complete System

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nanningbob [ Sun Sep 08, 2013 12:25 am ]

Post subject:

Re: 10.4 A Complete System

Here is a comparison of the xxx.00 lines versus WR1 and WS1 lines. You can see the xxx.00 gives you far more S/R areas than WR1 and WS1 lines. You have very clear TP and SL areas. This is especially helpful when price runs and goes outside the blue lines. I marked areas of S/R and compared them with WR1 WS2 lines in light blue. If you trade from line to line you should be trying to pick up 80+ pips on each move and your SL can be on the other side of the line if you wish to trade that way. I will give trades more room than that but I understand traders who like tighter SL. This should fit that type of trading style better. But I see a superiority of the xxx.00 lines over the normal S/R lines of the daily and weekly charts.

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Author:	nanningbob [ Sun Sep 08, 2013 12:30 am ]
Post subject:	Re: 10.4 A Complete System
If you blend in the xxx.00 lines and MA lines then your screen can look very clean like this.

Author:	nanningbob [ Sun Sep 08, 2013 12:37 am ]
Post subject:	Re: 10.4 A Complete System
You could trade a near naked screen just going from xxx.00 line to xxx.00 line using the STO7. I have just opened a whole new world to trading I have not seen anywhere else before even though I have read at times some traders who watch these lines. I have never seen a chart set up this way. Maybe this could help those who trade Capt. Jack and see spots of reversals better or trend following better. I mean it is a whole new world for me. xxx.00 insights probably will be flowing in as traders catch on.

Author:	nanningbob [ Sun Sep 08, 2013 12:41 am ]
Post subject:	Re: 10.4 A Complete System
Here is STO7 and xx.00 lines. You could just trade this and probably be successful. Simple and straight forward. enter below the line and SL above. follow price action until STO7 tells you there is a reversal or a candle pattern tells you there is a reversal. Just some thoughts on where this could go. But for a start I will use 10.6 Put a trade 10 pips above the line and a SL 10 pips below the line and go for 80 pips. a 4:1 trade ratio. If you get close to 50/50 on your trades you are profitable. Just a thought.

Author:	nanningbob [ Sun Sep 08, 2013 12:53 am ]
Post subject:	Re: 10.4 A Complete System
Looks like this greens are buy areas blues are sell areas. Just play from line to line. Probably more winners than losers. Use Steve's MPTM to protect you from reversals or the Jump EA.

Author:	nanningbob [ Sun Sep 08, 2013 12:57 am ]
Post subject:	Re: 10.4 A Complete System
One more thing Capt. Jack traders can use the xxx.00 lines etched lightly into the screen and trade away.

Author:	nanningbob [ Sun Sep 08, 2013 1:01 am ]
Post subject:	Re: 10.4 A Complete System
Same thing but the 1H chart. etc etc etc.

Author:	nanningbob [ Sun Sep 08, 2013 1:02 am ]
Post subject:	Re: 10.4 A Complete System
zentauro67 wrote:Thank you for the update and for the indonesian pill of wisdom! I didnt know it was Indonesian. I thought is was just a funny made up quote. What does it say??

Author:	nanningbob [ Sun Sep 08, 2013 1:09 am ]
Post subject:	Re: 10.4 A Complete System
viper77 wrote:One little note just in case: if your symbols don´t have the exact same name as Bob´s broker (ie: AUDCADm) profile won´t load properly, in order to fix this you´ll have to edit with your platform closed each .chr file with the symbol name as shown in your broker (in my case was just without the ´m´) and voila, profile with all pairs will open fine after that, i know this will be obvious for many but perhaps for not everyone; just trying to help a bit... Thanks

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