10.4 A Complete System

[Bader]

Looks good to me -

[cjthomson]

I like it too, alli. I've got a pending short at 8265

what do you guys think about GBP/NZD ? looks like we might have a short position, but i would like some feedback

lol yeah, i was looking at the same thing

Why did you put your entry so far away from the WR1. I entered short at 8292. Is that too soon?? Currently its hovering around b/e for me. I assume you've not triggered yet?

Be careful, GBP GDP in an hour and a half

Huh! I'm in GBPNZD already - currently staring at a -73 pip draw down. SL is still a long way off but whats worrying me is if it makes a new high into the 8410/15 region.

A couple of others I'm in:
NZDCAD: -60 pip
AUDCAD: -25 pip
EURNZD: -58 pip

Have I made some dumb choices? Comments welcomed please.

[rebyte2]

I like it too, alli. I've got a pending short at 8265

what do you guys think about GBP/NZD ? looks like we might have a short position, but i would like some feedback

lol yeah, i was looking at the same thing

Why did you put your entry so far away from the WR1. I entered short at 8292. Is that too soon?? Currently its hovering around b/e for me. I assume you've not triggered yet?

Be careful, GBP GDP in an hour and a half

Can you submit images so we can see what is happening?

Huh! I'm in GBPNZD already - currently staring at a -73 pip draw down. SL is still a long way off but whats worrying me is if it makes a new high into the 8410/15 region.

A couple of others I'm in:
NZDCAD: -60 pip
AUDCAD: -25 pip
EURNZD: -58 pip

Have I made some dumb choices? Comments welcomed please.

[rebyte2]

I like it too, alli. I've got a pending short at 8265

what do you guys think about GBP/NZD ? looks like we might have a short position, but i would like some feedback

lol yeah, i was looking at the same thing

Why did you put your entry so far away from the WR1. I entered short at 8292. Is that too soon?? Currently its hovering around b/e for me. I assume you've not triggered yet?

Be careful, GBP GDP in an hour and a half

Can you submit images so we can see what is happening?

Huh! I'm in GBPNZD already - currently staring at a -73 pip draw down. SL is still a long way off but whats worrying me is if it makes a new high into the 8410/15 region.

A couple of others I'm in:
NZDCAD: -60 pip
AUDCAD: -25 pip
EURNZD: -58 pip

Have I made some dumb choices? Comments welcomed please.

Try again....

Can you submit images so we can see what is happening?

[eevra]

Here is a set up trade. Price is right on the line and and the signal to buy is given with RSI 2 bottomed out. I set two pending trades. One above the pivot and on above the mid pivot. TP is WR1. It is in a possible cross position so i will remove the trade if price goes below the 240 line (white line)

Thanks a million BoB for your systems, whcih I am using for a little over a week. Seems pretty THE BEST in the world.

I am curious to know where to get the kind of indi ( RSI 2 & NT TMATrueSlopeHisto MTF ) in the bottom window which almost figures in all your posts? These are not found in the packs at Post1.
Sorry to divert your attention.
Pls respond at your convenience.Nt all that uegent. many Many thanks.

P.S . I am trying to trade NSE50 Futures from NSE ( India).

[ywfbi]

Just got a 25 pip spread on GBPNZD Bully Pepperstone, lasted 5 seconds. Must be the news

[cjthomson]

I like it too, alli. I've got a pending short at 8265

what do you guys think about GBP/NZD ? looks like we might have a short position, but i would like some feedback

lol yeah, i was looking at the same thing

Why did you put your entry so far away from the WR1. I entered short at 8292. Is that too soon?? Currently its hovering around b/e for me. I assume you've not triggered yet?

Be careful, GBP GDP in an hour and a half

Can you submit images so we can see what is happening?

Huh! I'm in GBPNZD already - currently staring at a -73 pip draw down. SL is still a long way off but whats worrying me is if it makes a new high into the 8410/15 region.

A couple of others I'm in:
NZDCAD: -60 pip
AUDCAD: -25 pip
EURNZD: -58 pip

Have I made some dumb choices? Comments welcomed please.

Try again....

Can you submit images so we can see what is happening?

[spotdespot]

Anyone looking at metals?

[mjws00]

They are all valid. Just looks like you are a little early on most of them. Nothing wrong with that. I pretty much have to sit on my hands not to do the same thing.

Looks like to me you are getting a little excited the second it gets near your pivot and going for it, patience is important, we are waiting for a retracement to turn back into the direction of the trend. If the level is good it should give you more than one chance to get in there. A little room and a clear breach of the pivot isn't going to hurt.

[spotdespot]

cj - imo you are getting in a bit early. The RSI is barely flat when you are getting in to the trade - check out what rebyte2 posted a page or 2 back about giving the trade room. Essentially the RSI being flat is the key to start looking for placing potential pending orders. If you have a look back at a few charts you will see that the RSI can be flat for a while with price continuing in the "wrong" direction quite some way. So if you place a pending order at the nearest pivot then you are more likely to get "peaker" trades as I think Bob called them - where they just get triggered then price moves the wrong way.

cmeade2 suggested waiting for the RSI to start moving away from flat and from looking at quite a lot of charts since then I can see what he is saying.

Just my opinion - other may disagree.