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10.4 A Complete System
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Author:  Anthar [ Fri Oct 25, 2013 1:22 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
Anthar wrote:
nanningbob wrote:I am trading but nothing spectacular, up 6.5% for the month but also was gone for 5 days. So it has been steady taking wins and losses along the way. Just plugging along, singing a song.
Hi Bob, good to read that. I was wondering if you could mention which pairs have you traded this paste couple of days, so I can look at my graphs and see how you look at setups. That would help a lot. Thanks, and good to have you back.
I have been trading the NZD and AUD pairs as they came back inside the 60MA in the Range area. I played they were reversing based on news that China economy was slowing down and that they were in their new range areas. I also rode them as they crossed the 240 line with the gbp/nzd and eur/nzd. I believe they now have set their new range area for a slower growing Chinese economy. In other words I was expecting them to reverse. China's economy was growing at a 8-10% and is now growing 5-7% This information would create a new trading range area that was lower than before. I believe that new area has not been established. Check your weekly charts and you can see this new range area.
Well this by itself gets me two answers in one, the core knowledge you have about fundamentals around the world is what made you succesful this time, it's really a combination of factors, and you've worked well to get your trading arsenal together. I try to keep up with fundamentals but mostly on EU and US, Asian fundamentals escape my vision, lesson learned. Thanks a lot for your answer Bob and PG, have a great weekend.
Author:  ronald123 [ Fri Oct 25, 2013 7:24 pm ]
Post subject:  Re: 10.4 A Complete System
Is it possible to go through all the attachments somewhere? (would make it easy to find the complete 10.6 and the simple 'EDSEL' version, for instance - can't find them on the pages mentioned all over this thread). Also would be nice if references to certain pages would be links, not plain text and most easy would be to put all major updates (like 10.6) on page 1, which is where one would expect to find them....

Don't wanna sound ungrateful, just trying to help others who might also be struggling to find their way to the good stuff around here :-)

Cheers
Author:  garyfritz [ Fri Oct 25, 2013 7:43 pm ]
Post subject:  Re: 10.4 A Complete System
Bob said EDSEL is still a work in progress, and he'll consolidate it onto page 1 when it's ready for prime time. Which I hope will be soon. I agree, it's hard to find all the pieces.
Author:  nanningbob [ Sat Oct 26, 2013 2:30 am ]
Post subject:  Re: 10.4 A Complete System
I will try to get 10.6 on the front page this weekend. I think it is ready, considering one more thing. The 15 MA on the 4H is basically the say as the daily open. Also the 60 MA on the 1H is nearly the same also. For EA purposes this ma15 makes it easier to program and also looking at the dummy lights using the 15 MA on the 1H version. This makes the dummy lights work more consistently or an easier to understand presentation and you would then confirm with the STO signal from the 1H chart. Here is the 4H chart.
Author:  nanningbob [ Sat Oct 26, 2013 2:38 am ]
Post subject:  Re: 10.4 A Complete System
This makes the 4H chart look like this. The NZD/CHF on the 4H was one big dive but hard to find a reentry point. If you know the fundamental of the move you would stay in but if you dont you have no good reentry point on the 4H. With the 15 MA on the 1H you can find entrance points.
Author:  nanningbob [ Sat Oct 26, 2013 2:44 am ]
Post subject:  Re: 10.4 A Complete System
Now here is the 1H chart and the signals would be sent via dummy lights if you are on the 4H chart. You can then flip to the 1H and look at the trade. So RED RED bar would be if less than 60 and 240 on 1H chart but greater than 15 then a green green signal. You would then confirm with the sto cross back into the trend or an EA that enters if price is less than 15,60,240. This allows you to get back into these longer trends in good shape almost every day.
Author:  nanningbob [ Sat Oct 26, 2013 2:59 am ]
Post subject:  Re: 10.4 A Complete System
So the change I am considering is to have the dummy bars signal off of MA lines and you confirm the STO7 separately. That is the last piece of the 10.6 puzzle I am considering. The system then would work like this:

4H dummy lights Red if below 60 and 240
1H RED if below 60 and 240 but higher than 15 showing a setup

This would also work in range areas where 4H colors would be olive or golden rod but the 1H could show a possible range trade buy or sell. This was the one area left I wanted the dummy lights to work.
Author:  nanningbob [ Sat Oct 26, 2013 3:07 am ]
Post subject:  Re: 10.4 A Complete System
This chart shows where you would get a green bar but the STO doesnt line up very well and price doesnt cross the 15MA with the uptick of the STO7. This shows a very weak trade and you know to get out or dont take this trade. Most likely this will be a get out trade.
Author:  nanningbob [ Sat Oct 26, 2013 3:09 am ]
Post subject:  Re: 10.4 A Complete System
This is what I am looking at, trying to filter out some of those bad trades that happen when price goes back into range or reversal mode. Once the 15 MA comes back inside the 60 MA you quit getting 1H signals where as the STO 7 kept giving signals on the present system.
Author:  nanningbob [ Sat Oct 26, 2013 4:21 am ]
Post subject:  Re: 10.4 A Complete System
I need someone who is good at setting up a math formula within an excel program. If this is something you can do please send a message to me and I will give you the particulars.
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