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10.6 EDSEL
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259		 Page 84 of 234
Author:  nanningbob [ Mon Jan 13, 2014 10:53 pm ]
Post subject:  Re: 10.6 EDSEL
except for gbp/chf and gbp/cad the gbp has broken the 240 line. Maybe time for some DT time.

Asian currencies up and everyone else down. Interesting scenario.
Author:  nanningbob [ Tue Jan 14, 2014 2:16 am ]
Post subject:  Re: 10.6 EDSEL
This is for my good friend Steve and his great Forum. Many thanks for the great group of traders here. :hi:
Author:  trucomallica [ Tue Jan 14, 2014 3:34 am ]
Post subject:  Re: 10.6 EDSEL
nanningbob » Mon Jan 13, 2014 7:52 pm wrote:I see everyone had a good time yesterday.
:lol: all my open profits vanished. I'll wait and see if this was a turn over or just a retracement.
Author:  dispell [ Tue Jan 14, 2014 3:52 am ]
Post subject:  Re: 10.6 EDSEL
Hi there!

I'm new here and so far its been eye-opening!

A bit about me, just to get the introductions out of the way. I'm a fresh grad from Malaysia, been trading demo profitably for a few months before switching to live, where things took a turn south. Currently in Beijing looking for work, but visa's a huge problem for fresh grads, along with the global economy not looking so good for us freshies. :( So now I spend my days applying for jobs, attending interviews and studying the market.

I found this forum when I realized my stops on my live acc were getting hit more often than not, before reversing back to my TP targets. It was a jolt back to reality, which prompted me to suspend trading on live, and back to the drawing board on demo. A week later and 5-6 different indis/strats later, nothing had anything solid. It was at this time I saw nb 5.0 on FF forums, and a quick search led me to Steve's forum, and the main 10.4/5 thread.

And so it begins, 10 Jan 2013. I plowed through ALL the 10.4/5 material attached, downloaded the indis and did manual backtests. I was impressed. HUGELY impressed. I used to look at price action, support/resistance lines, but this changed the way charts looked to me. Thanks Bob!

The following day, I was still so engrossed in backtesting and analyzing the method, I almost forgot lunch! Pleasantly enough, I received a pm from Steve, welcoming me to the site. After exchanging pms, he nudged me in the direction of 10.6, right here. Sunday was a busy day for me, hardly had any time for myself, but I did get through some of the materials on 10.6.

Which brings me to Monday, where I spent half my morning reading the first 4 pages of 10.6 over and over to make sure I understood it. Somewhere around midday I dl'd the 10.6 indis, scripts and all, and started making trades. However, I've since encountered a few road humps along the way which i tried solving late into the night, which ended up exhausting myself. So here I am now, humbly seeking assistance on a few topics as below:

1. Scripts - Aside from TF1-TF4 script, no other script is working for me. I would love to get the drop buy/sell and close order script working. I'm running Empty4 (as admin) on Win7. Tools>options>experts has been set to allow dll, ext experts & live trading. My broker has a 5-digit decimal system, if that's relevant. Does any1 have any suggestions? Anything would be helpful.

2. Ranging Trends - This has been a tad confusing to me. I am unsure of which swing high/low to use sometimes, and have trouble identifying the end of a ranging trend.
This is what I know, and my questions:
1. When a UT/DT hits a 60MA, it signals the end of the UT/DT. I draw lines at the last swing high & low.
2. If a candle closes outside the range, the ranging trend ends.
3. Sometimes a candle closes on the opposite side of the 240 MA (DT-Range-UT or vice versa), but does not break out of range lines. Is this considered the end of the ranging market (a new UT/DT) or still a ranging market?
4. Sometimes the last swing high/low (either 1) will be outside where the chart hits the 60MA, how do I choose the swing highs/lows? Rough sketch added below.
Image
A is the swing high, as for low, do I use B or C?
3. Time Frames - I studied a few frames and found that certain strong trends do not give off signals in the 4H TF, so I went to the 1H TF. It was recommended that I set positions on the closest lines (15 lwma or sweet spots). Usually the candles are closer to the 15lwma, but it never touches, hence I have pendings but no trades opened, whereas the sweet spots are where the price slows down/reverses, so triggers there have lost pips. I realized that by going into the M30 chart, we can take advantage of the more sensitive lwma to trigger trades. these trades usually go for 10-20pips profit. S'long as it covers the spread, we can maximize daily pip harvest. But that's just my 2 cents.

4. 15 LWMA - Should I set this to apply to median price, or open? Median gives more chance of entry points.

5. Trading hours - Like I mentioned before, I'm from Malaysia, currently in Beijing. If i'm not mistaken, we should be on the same timezone, Bob. So the trading hours you use are roughly 8am-10am-2pm-5pm-11pm, right? Just trying to work my trading hours along this 4h guideline.

Sorry for this long post, but it would be awesome if I could get some help on these. I hope that we'll all have a great trading year ahead!

Cheers!

Dispell
Author:  dispell [ Tue Jan 14, 2014 5:21 am ]
Post subject:  Re: 10.6 EDSEL
Oh and 1 more thing.
Do I set a pending before the STO7 crosses 20/40 or 60/80, or after?
Author:  nanningbob [ Tue Jan 14, 2014 5:55 am ]
Post subject:  Re: 10.6 EDSEL
dispell » Tue Jan 14, 2014 1:21 pm wrote:Oh and 1 more thing.
Do I set a pending before the STO7 crosses 20/40 or 60/80, or after?

???? If we posted the pendings before the signal why would we need the signal???? :? :?
Author:  dispell [ Tue Jan 14, 2014 7:41 am ]
Post subject:  Re: 10.6 EDSEL
nanningbob » Tue Jan 14, 2014 1:55 pm wrote:
dispell » Tue Jan 14, 2014 1:21 pm wrote:Oh and 1 more thing.
Do I set a pending before the STO7 crosses 20/40 or 60/80, or after?

???? If we posted the pendings before the signal why would we need the signal???? :? :?
Hey sorry,
Was kinda confused when I read a few users posts. Thanks for clearing that up.
Could you by any chance assist me with the few other issues i'm having? It'll mean so much!

Cheers!
Author:  Jackub [ Tue Jan 14, 2014 8:03 am ]
Post subject:  Re: 10.6 EDSEL
This is my fourth week with 10.6.(6-10 Jan) I decide to take only H4 , 10.4 style entires. As starter I thing is good to stick to one setup... Managed positively close near 900 pips on GBP/AUD, GBP/JPY, EUR/AUD. Still NZD/JPY is on going. Four weeks in profit, it is promising really....
Author:  genaja [ Tue Jan 14, 2014 8:11 am ]
Post subject:  Re: 10.6 EDSEL
Hi Folks,

thats a really great system! Many thanks to Bob! :)

GBPUSD shows on H4 now a Revers-Buy Signal. But at H1 we will see soon the sell signal.

how to best proceed in such situations?

Thanks a lot!
Author:  dispell [ Tue Jan 14, 2014 8:19 am ]
Post subject:  Re: 10.6 EDSEL
Jackub » Tue Jan 14, 2014 4:03 pm wrote:This is my fourth week with 10.6.(6-10 Jan) I decide to take only H4 , 10.4 style entires. As starter I thing is good to stick to one setup... Managed positively close near 900 pips on GBP/AUD, GBP/JPY, EUR/AUD. Still NZD/JPY is on going. Four weeks in profit, it is promising really....
Wow!
That looks positively great!
I'm still ironing out my trades, wondering why some stuff aren't working, but hey, kudos to you!
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