10.5 Trade and set up

spanudiez · Post by **spanudiez** » Thu May 21, 2015 9:43 am

Hello everyone,

I hope I' m posting in the right area.

I' m trying to understand how the setup for 10.5 is working and I try to trade it manually. I believe I have read every piece of documentation there is, yet I'm not sure I understood very well when to enter.

Here are my setups :

GS1.PNG

NZDUSD 4h Chart

At the vertical dotted red line RSI is flat on top, place sell stop below the WMR1, then after WP and WMS1again if I trust the strength of the movement, otherwise wms1 would be a good target.
Please note I haven't checked the short below the wmr1 on the image, I just noticed that

.

gs2PNG.PNG

USDCHF 4h Chart

At the dotted red line RSI is flat on top, stop sell just below WR1. If price moves further new sell stop @ WMR1.

Are these entries correct?

EDIT : As per request

Thanks
Diez

Post by **milanese** » Thu May 21, 2015 9:47 am

Please attach you images always here to your post we don't like this type of links outside..
If you don't know how read this ----> http://www.stevehopwoodforex.com/phpBB3/kb.php?a=2

Post by **milanese** » Thu May 21, 2015 10:03 am

spanudiez » Thu May 21, 2015 9:43 am wrote:Hello everyone,

I hope I' m posting in the right area.

I' m trying to understand how the setup for 10.5 is working and I try to trade it manually. I believe I have read every piece of documentation there is, yet I'm not sure I understood very well when to enter.

Here are my setups :

NZDUSD 4h Chart

At the vertical dotted red line RSI is flat on top, place sell stop below the WMR1, then after WP and WMS1again if I trust the strength of the movement, otherwise wms1 would be a good target.
Please note I haven't checked the short below the wmr1 on the image, I just noticed that .

USDCHF 4h Chart

At the dotted red line RSI is flat on top, stop sell just below WR1. If price moves further new sell stop @ WMR1.

Are these entries correct?

EDIT : As per request

Thanks
Diez

The best thread for understanding how to trade 10.5 ( if you have already read the 10.4 thread regarding 10.5) is probably ---click---> http://www.stevehopwoodforex.com/phpBB3 ... =38&t=2137 as you will find there much trade examples..

Cheers

Tommaso