10.4 A Complete System

[nanningbob]

GREEN 4H OLIVE 1H PRICE ABOVE 240 AND 60 BOTH CHARTS

[nanningbob]

GREEN GREEN AUD/CHF SHOWING UT 4H AND 1H UT SETUP POSSIBILITY
Here is a 1H chart.

[nanningbob]

aud/nzd red goldenrod bid is below 240 and 60 both charts

[nanningbob]

I dont have a red red example live now but if I did it would signal a 10.6 trade.

[nanningbob]

Here is a range UT goldenrod giving a buy signal in that range area. You can check to see if you like it or not. This a goldenrod UT range with a UT buy signal. If you think you would like this one you could try it or you can pass on this trade. this is usd/chf 1h chart. I added a rules page at the bottom until you learn the different signals.

[nanningbob]

Now we need to know if this thing is working properly. When it is done pure dynamite, I hope.

[Anthar]

This is evolving into making it simple enough for us to just worry about applying our basic knowledge of the market, there's no free lunch I get that, trading 2+ years struggling to be profitable, but I get this effort of your Bob to make this as simple and fail proof as it can be. Thanks for this new improvement. In the same topic, and learning from what you stated about getting out of trades that mess around or go negative and then bak to BE I just got out of a USDCHF short I had placed two days ago, when it came back to BE from negative. And here I see you place a USDCHF possible long, so everything comes to one line of thinking for all of us trading this system.

Not getting conflicting signals and minimizing the subjectiveness the most you can is one of the biggest achievements in this system. Or so I think. I leave a chart that shows my USDCHF entry, I had just taken it out at BE

[nanningbob]

Thanks!

Sometimes I only get one dummy light (4h).

EURAUD 4h

ea.png

EURUSD 4h

eu.png

That means there is no 1H signal. If the STO 7 is not below 20 or above 80 there is no signal. At least not at this point. You can check to see what you missed or what is about to be set up. Remember a 1H signal wont be given every day. Most currencies will get one 2-4 times a week.

[nanningbob]

TRADING STRONG VERSUS WEAK CURRENCIES

http://www.dailyfx.com/forex/education/ ... ncies.html

OR HE COULD JUST USE THE 10.6 INFO PAGE AND HAVE IT ALL THERE IN ONE VIEW.

[nanningbob]

As I had noted earlier the Chinese export growth had a terrible number. Now is that caused by faulty previous data or was there really a slowdown? Anyway the immediate impact of a slowing of economic data from China is the AUD and NZD go down. From a traders standpoint I would expect AUD and NZD to go down and as the USA drama plays out JPY strengthen despite its monthly bond selling program to depreciate the YEN. So I expect some gaping on the AUD and NZD end when the markets open. If the USA makes a deal this weekend then some huge gaps will come to play. If the USA does not make a deal you will probably see some real jumping around in the markets this week. It could be a very wild ride as investors, businesses, governments, and banks all start to get jumpy.

http://www.reuters.com/article/2013/10/ ... 1Q20131012

No matter how you may feel politically, and I sympathize with those who want to see smaller deficits and smaller govt. in the USA, you cannot make the threat of govt. default on 17 trillion of debt a bargaining chip. It is simply one of the most irresponsible things I have seen a group of politicians do. The reality of trading this makes it difficult since at any moment a news story of: THEY GOT A DEAL or THEY DONT GOT A DEAL, cannot be predicated by indicators or patterns or whatever you do. So please dont judge 10.6 by what happens this week. STRONG FUNDAMENTALS dominate a market and are not indicator predictable. So this is going to be a very news worthy week. Someone will go blah blah blah and the markets are going to jump in some direction crazily. Good luck and happy trading.