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| 10.4 A Complete System https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481 |
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| Author: | echoman [ Sat Sep 28, 2013 4:15 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Bob do you still use 10.3 to trade the range times? |
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| Author: | nanningbob [ Sun Sep 29, 2013 1:37 am ] |
| Post subject: | Re: 10.4 A Complete System |
10.3 was crossing the daily pivot line, we are still doing that. 10.0 was the 8MA smoothed on the daily chart. That is similar to the 10 MA on the daily which is the 60 on the 4H. We taught if the candle was above the 8 MA we were in an UT and below DT and if it was touching the line high or low it was ranging. 10.6 uses the same two things but defines them better. 10.1 we added S/R lines which we changed to xxx.00 lines in 10.6 10.2 used the daily, weekly, and monthly open with the early versions of CSS to determine trend. 10.3 was a simplification for scalping and range markets. 10.4 we added the 240 line and went to a longer view of what a trend is and we became quite profitable when the market trended well. It was still profitable in range markets but more difficult. 10.5 we added daily S/R on the 1H to help trade better in range markets but I was getting tired of missing trades that went beyond the weekly S/R points. So .......... 10.6 opened my eyes to the xxx.00 lines and how powerful they were both in trend trading and range trading. Changing from RSI 2 to the STO 7 gave us the perfect patience for re-entering trends. The CSS reads became better learned. The point is all these 10.xxx systems laid the foundation to the next 10.xxx system. Some people have gotten frustrated saying I keep changing the system but the goal has always been the same. I am getting better and better at defining what the market is doing so we can more intelligently trade it. 10.6 EDSEL is far more specific than any of its previous of the 10.0 series. There are clear lines where if they are crossed you know, we are in an UT, or DT, or Range. You even now have predictions that I hope will be fairly accurate of where price probably will go next. I now know where to look for the breakouts on every currency if it is ranging, and I now know the most likely spot where price will stall on a trend. Am I still trading 10.3? yes I also am still trading 10.0, 10.2, 10.4,10.5, each one of these systems have key elements in 10.6. It is a combo of the previous systems wrapped into one. Each of the previous versions answered a certain question. 10.6 contains the answers to questions of those previous versions. |
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| Author: | Faramirsen [ Sun Sep 29, 2013 4:30 am ] |
| Post subject: | Re: 10.4 A Complete System |
Hi all, I was very quiet the past few weeks. I tried this week 10.6 (latest edition) and it worked this week alright - especially because I was able to lower my SL. (this week = +2.5%) Just a quick question in regards to the STO7: 1) Buy - Trade: We only enter the trade if it is pushing over the 20 line. Does it make sense to reenter when it goes over 40? Does it make sense to enter when it is just below / just crossed the 80 Line? (if I am not mistaken the major moves still happen over the 80 line) would be great if someone could quickly clarify that - i couldn't find the post anymore where I read about this.... |
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| Author: | nanningbob [ Sun Sep 29, 2013 6:11 am ] |
| Post subject: | Re: 10.4 A Complete System |
Yes, I had it give multiple signals in case you missed the first one. I often place trades on the other side of the xxx.00 lines just to see if it keeps running, something I was not willing to do when it got outside WS1 and WR1. If price does keep moving beyond those weekly S/Rs it is because it broke the next xxx.00 line and kept going. This is allowing me to stick with a trade longer and later in the week. One of the things that frustrated me with 10.4/.5 was if price hit the WR1/WS1 early in the week I didnt know what to do later in the week. It just seemed if I tried entering I would get busted by a retracement and if I didnt it would keep running. Now I can see those spots where it will bounce off of the xxx.00 and where it will break on through. I can play it accordingly and get those extra pips but stay out of the bounces. So if you see price break above 80 and you also see that xxx.00 line put a pending above it and if you have a running price run you are in again going with that strong trend. That is how I have been playing it. If you have a doubt then try a lower lot size and see what happens. Lower lot sizes help you in those areas you are not sure of but want to try. |
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| Author: | tibochina [ Sun Sep 29, 2013 4:24 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Bob, I offer my thanks to you as well. Beyond putting the system together you have taken a lot of your time to answer questions and have laid out how to trade the 10 series in detail every step of the way. Many of us have benefited from your knowledge and have been encouraged by your success. A "happy trading week" to you as well! |
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| Author: | Mike [ Mon Sep 30, 2013 7:48 am ] |
| Post subject: | Re: 10.4 A Complete System |
Reading the thread and looking at todays EDSEL-Charts I see more than one market-constellation where MA60 > MA240 > P (Price) equally treated as MA240 > MA60 > P == Sell or MA60 < MA240 > P equally treated as MA240 < MA60 < P == Buy and I feel uncomfortable. Has this been already commented, do I not get it? Any comments are welcome, Mike PS can somebody indicate me where I find a descriptions of the different 15x30x60 MA EAs, Thanks. |
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| Author: | nanningbob [ Mon Sep 30, 2013 9:20 am ] |
| Post subject: | Re: 10.4 A Complete System |
The market is going to be sitting today because of the US govt. funding thing. So expect some directionless movement. Also the direction out of the ranging markets should be determined by CSS info page. It would help if you posted some specific pairs and we would know better what you are referring to. |
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| Author: | Mike [ Mon Sep 30, 2013 9:47 am ] |
| Post subject: | Re: 10.4 A Complete System |
Thank you Bob - great system! I start to get profitable! for instance AUDJPY, CADJPY, EURAUD, EURJPY |
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| Author: | rostaus [ Mon Sep 30, 2013 2:00 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Hi Bob, Thanks for Edsel and the time you give. Do you know of any scripts that will kick off a trade once it reaches 20% or 80% of the stock? I'm normally getting some zzzz when some of these trades kick in. Rob |
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| Author: | nanningbob [ Mon Sep 30, 2013 3:02 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Just need a STO EA. I am sure Steve has one around somewhere. |
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