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10.4 A Complete System
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Author:  nanningbob [ Mon Sep 09, 2013 12:16 am ]
Post subject:  Re: 10.4 A Complete System
viper77 wrote:JPY pairs had a big gap at the open (about 100 pips for GBPJPY)... almost 4 levels from 240 now, would you still go long after that?
You said "This trade has a potential of a couple of hundred pips" so i went ahead and set a pending at next x.0.50 line anyway, that would be 156.50, a whole blue line was far away so...
Thanks.
nanningbob wrote:gbp/jpy since jpy bond sales still going on the jpy should continue to weaken this week.

1. price above the 240
2. retraced back to the 60
3. STO 7 starting its pin on the bottom.

Wait for signal and take it for a ride. This trade has a potential of a couple of hundred pips during the week so I like this one.
Nice gaps. I will let them settle before trying to enter or place buys above the next xxx.00 in case it leads to a big move.
Author:  tibochina [ Mon Sep 09, 2013 12:24 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
tibochina wrote:Bob a quick question about the EA's. In putting these on the charts can a buy and a sell be put on a chart simultaneously or is this to be used in lieu of setting a pending trade.? I want to test this on my Cowboy Cowboy Cowboy IBFX demo to get comfortable with it.
You cant put 2 eas on one screen but you can have 2 screens with one of each on it. If you have a broker that allows hedging you need two different magic numbers to work both directions.
Not my intention, Bob. Just trying to work through the setup to get comfortable using it. I'm looking at buys on GBP/CAD and USD/CHF trading live account manually.
Author:  nanningbob [ Mon Sep 09, 2013 1:55 am ]
Post subject:  Re: 10.4 A Complete System
tibochina wrote:
nanningbob wrote:
tibochina wrote:Bob a quick question about the EA's. In putting these on the charts can a buy and a sell be put on a chart simultaneously or is this to be used in lieu of setting a pending trade.? I want to test this on my Cowboy Cowboy Cowboy Cowboy IBFX demo to get comfortable with it.
You cant put 2 eas on one screen but you can have 2 screens with one of each on it. If you have a broker that allows hedging you need two different magic numbers to work both directions.
Not my intention, Bob. Just trying to work through the setup to get comfortable using it. I'm looking at buys on GBP/CAD and USD/CHF trading live account manually.
I rarely use EAs now with this system. I use pendings most of the time. I seem to do better with less DD using pendings than when I used MA entrances. To many touch and reverses. I understand why now if the trade is being taken between xxx.00 lines. Better chance at the xx00 lines I think.
Author:  nanningbob [ Mon Sep 09, 2013 1:56 am ]
Post subject:  Re: 10.4 A Complete System
I will use EAs like last Friday when I was trying to catch reversals on the 5M chart at the EURO close. Was trying to catch traders closing out profits for the week.
Author:  nanningbob [ Mon Sep 09, 2013 1:58 am ]
Post subject:  Re: 10.4 A Complete System
I will use EAs like last Friday when I was trying to catch reversals on the 5M chart at the EURO close. Was trying to catch traders closing out profits for the week. I then can set up 10 or more trades at once rather than flicking screens trying to catch them manually. I go watch a movie and come back in 1 or 2 hours and see what I have.
Author:  nanningbob [ Mon Sep 09, 2013 2:02 am ]
Post subject:  Re: 10.4 A Complete System
BlackStack wrote:
nanningbob wrote:
nanningbob wrote: Better yet how about the Loonie. Canadians how in the world did you come up with a name like that??? Maybe you are the only country in the world who are honest about your money. :lol:
The Loon is a beautiful bird which is pictured on the back of the $1 Canadian currency coin. Hence the name Loonie comes from the coin. The $2 coin has been dubbed the twonie, though it has various things on the back. There may be a $5 coin coming.

http://en.wikipedia.org/wiki/Loon
In the USA being Loonie means to be crazy or not with it mentally. So I love the bird but outside Canada it has other meanings. Good pic though
Author:  nanningbob [ Mon Sep 09, 2013 2:08 am ]
Post subject:  Re: 10.4 A Complete System
Big gaps then the sell off hopefully will see some set ups on the xxx/jpy pairs for the euro or jpy afternoon session. I close gaps after profit because many times they will reverse.
Author:  nanningbob [ Mon Sep 09, 2013 2:54 am ]
Post subject:  Re: 10.4 A Complete System
There is a rumor of an explosion in Guilin China about 4 hours from where I live. Anyone got a news feed?
Author:  ianp [ Mon Sep 09, 2013 4:13 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:There is a rumor of an explosion in Guilin China about 4 hours from where I live. Anyone got a news feed?
Published September 08, 2013
Associated Press

BEIJING – An explosion outside a school in southern China has killed at least one person and wounded many more.

Initial reports from the scene are describing the blast in the resort city of Guilin as an accident, but police have declined to confirm that.

The explosion struck about 7 a.m. Monday as children were arriving at Balijie Primary School. Photos from the scene show badly burned victims sitting dazed in the street as flames lick motorcycles around them.

A police officer at Guilin's Lingchuan county where the school is located says one fatality has been confirmed and a number of other people were injured and sent to hospitals.

The officer, who gave only her surname, Li, says police are investigating. She declined to say whether they had determined a cause.

Read more: http://www.foxnews.com/world/2013/09/08 ... z2eMietQZl
Author:  nanningbob [ Mon Sep 09, 2013 4:31 am ]
Post subject:  Re: 10.4 A Complete System
ianp wrote:
nanningbob wrote:There is a rumor of an explosion in Guilin China about 4 hours from where I live. Anyone got a news feed?
Published September 08, 2013
Associated Press

BEIJING – An explosion outside a school in southern China has killed at least one person and wounded many more.

Initial reports from the scene are describing the blast in the resort city of Guilin as an accident, but police have declined to confirm that.

The explosion struck about 7 a.m. Monday as children were arriving at Balijie Primary School. Photos from the scene show badly burned victims sitting dazed in the street as flames lick motorcycles around them.

A police officer at Guilin's Lingchuan county where the school is located says one fatality has been confirmed and a number of other people were injured and sent to hospitals.

The officer, who gave only her surname, Li, says police are investigating. She declined to say whether they had determined a cause.

Read more: http://www.foxnews.com/world/2013/09/08 ... z2eMietQZl
Thanks, I have had a lot of students and friends in Guilin. I have gone to Guilin and Yangshuo 13 times during my stay in China.
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