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10.5 Trade and set up
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4265		 Page 1 of 1
Author:  spanudiez [ Thu May 21, 2015 9:43 am ]
Post subject:  10.5 Trade and set up
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 :P.
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
Author:  milanese [ Thu May 21, 2015 9:47 am ]
Post subject:  10.5 Trade and set up
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
Author:  milanese [ Thu May 21, 2015 10:03 am ]
Post subject:  10.5 Trade and set up
spanudiez ยป 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 :P.



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
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