Nanningbob 4H trading system

eur/gpb going nowhere for now -12 -112
Aud/Cad-137 reentered at -150 so the second level is at +13 This one is starting to look good.
gbp/chf sitting at +12
Usd/Jpy entered and sitting at 0

Sells: Aud/Cad
Missed the eur/cad during the day, if the trade retraces you can enter it also.

The markets are really slow right now. Below is a pic of the missed eur/cad trade. I dont like taking trades at the previous R line. If price breaks the line OK or if it retraces back up, plan the reentry but not now at the R/S support line.

well i wanted to jump head first into this system this week but we have been at hospital all day so will have to start in the morning.

looks like a little bit of a rocky start of the week. but now that i can jump on board maybe it will get a little better. lol

will be posting what i see at start of US session just to make sure im on same page as you guys.

see you guys at start of US session in the morn

hopefully wife wont have to go back to the doc!!!!!!!!!!!

Hi Bob, I don't think that is the exact criticism of MACD.

I have read the previous posts, and I believe the issue with MACD is that you say it must be below the 15 or above the 85 line for entry - HOWEVER - if you drag the chart left and right, you will notice that the MACD line moves up and down.

i.e. It is no really anchored to a proper number on the Y axis, but shifts up and down as you scroll back and forth along the chart.

If you use the 4 week view it works fine. If you go back in time it also moves but like I said before when it comes to the next week or week after the trade is done so the moving MACD on a 4H chart is not a problem. It is basically static in the week you want to use it. Once you understand this basic principle it works pretty darn good, not 100% no system does that but it works. The two added features that filter out most of the false signals are the BB and the 3x3 EA. Once you put this all together it works very well. It is the most profitable system I have posted. The MACD, sto lines give you a trading signal that price is about to exhaust itself. The BB confirms and the 3x3 EA will protect you from many of the run ups. If you get in and price goes against you, you multi level the trade until you can retrace for an out, like I did with the gbp/chf and eur/chf trades recently or go into profit, which I think the eur/gbp or aud/cad will do. Either way the so called problem is known but it is also dealt with. This is my most profitable system by the way because I can trade much bigger lots on fewer funds than my EAs.

I used to use this system on lower TF like the 1H and 30M charts and would do quite well but I would get whacked once in a while. That was caused by the moving MACD. However, once you get to a 4H chart and 4 weeks of chart on your screen the MACD movement is lessened down to a small percent. If you go back in time the MACD moves because the numbers being put into its averages changes the figures from week to week so you go back 1 week earlier you enter the a new set of math from something that happened 5 weeks ago, however, those figures are irrelevant to the now. The now is what is the MACD line telling us relevant to the last 4 weeks along with the STO lines. That is the key, that gives me my signal, not to trade but turn on the EA. Once price has retraced enough to cause the 3x3 cross, I am almost guaranteed at least one or two bars of reversal. That gives me at least 8 hours to bring my stop loss to +10 or more and makes it at least a minimal profit trade. The rare occasions where is peeks and continues, I have 3 choices:
1. wait out the battle of the bulls and bears, what I am doing with the eur/gbp trade now
2. ride it out entering a second or third time
3. Looking for my best out on that one particular trade.

Even though I had individual trades not go well, most of them did and they have covered any loss easily that I took on any of the bad trades. The moving MACD is not as big of a problem as some have made it. Just like any system it has its losers but I have consistantly month after month kept my winning percentage at 70-85% and I will take that to the bank. Dont focus on the losers to the point you miss the vast majority of the winners. And this system does produce a constant flow of winners. I dont know anyone who publishes his trades on line before the day and keeps it going month after month. Its the consistancey of this system. I dont think I have published a single losing week since I have posted this system. Yes I have had some losing days, but not a losing week. Try it. It is a simple easy to understand system.

ok bob. back in the game. if you don't mind, could you chime in when you see a point where you are gonna turn your ea on. I have my eye open buy haven't had the opp to turn on ea yet. at least as i see it. right now it is 17:42 gmt sept 1.

in other words. haven't seen the perfect setup today yet. but will look every 4 hrs or so if you see a setup coming, would you mind chiming in.

thanks man

justin

Dont see anything right now but I usually report sometime before the jpy session. The EUR/GBP has not dropped yet and that is one I am in.

somewhere around here???

Yeah, but it is just drifting.

EUR/GBP No change from yesterday
Aud/Cad nice move level 1 +12 Level 2 +149 Liked that one
gbp/chf flat as a pancake
USD/JPY still has gone nowhere.

I know in my other thread I dont trade NZD pairs but with this system I will.

Buys Nzd/Usd NZD/CHF NZD/JPY gbp/usd

Sells eur/nzd

Pick and choose what you like best. Looks like a NZD day. The gbp looks like future setups later today or tomorrow so keep an eye on them.

this week +162 carry over eur/gbp -122 gbp/chf and usd/jpy 0

GBP/CHF is it finally a good trade?? In this pic you see where all three lines are below the 15 line (yellow arrow). Then you have a double bottom (two yellow checks) and if you look at the blue sto line you have divergance (yellow line) Is it a guaranteed trade, of course not, but it looks like a real good one from here. If you are not in you may want to try this one. Sometimes it takes a week for a trade setup to really happen. This gbp/chf has not had a major retrace in over 10 days. It is due.

Thanks for update. Glad to see I'm thinking about it the same way.

we shall see how these develop

Same thing with USD/JPY add that as a buy. Again signal early, double bottom, divergance. Here is the pic

Still looking like a pretty strong NZD day if things will start acting right. looks like there are several setup possibilities brewing

Just took USDCHF trade. tell me if you would have made this one?

bob answer me this, is this when you would turn the ea on for this pair?

yes

thanks sir. did already just wanted to hear from the master LOL

Eur/Gbp finally moved some 50+ points. After sitting on this trade since last week I finally just closed it out. I just dont see it going anywhere at this point even though I maybe wrong, so level 1 -72, level 2 +28 total -44 since level two is a higher lot than level on it was an almost break even money wise so I took it.
Gbp/chf came back and hit my TS at +37
Gbp/USD +131 Liked that one
OPEN TRADES
USD/JPY has backed up to -83
Eur/Nzd -160 entered 2nd level 0 manually off of resistance
Nzd/Chf not entered yet
Nzd/Jpy -74
Nzd/USD -23

New Trades
BUY chf/jpy
Sell aud/nzd gbp/nzd USD/CAD

For the week +330 -44 carry over -340 I put the aud/nzd and eur/nzd on the screen below. Keep an eye on the gbp/chf, if it goes back down to support I will enter again. A triple bottom maybe??

I am taking the USD/CAD because of the bounce off of Resistance here. This has been holding very well this past month so I am turning on the EA.

Just a reminder. I forgot to turn my EA off when I closed my trades this morning. So I had to take some mini losses, the EA reenter after I closed the trades. I have to remember to take the EA off the screen and go back to the non EA screen after I close. dumb. One trade did take a profit so it covered some of the other mini losses. I usually put my non EA screen back on when the trade is entered but for some reason I did not do that yesterday.