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Nanningbob 4H trading system

  • #281
  • Sep 2, 2009 7:57pm Sep 2, 2009 7:57pm
Quoting nanningbob
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.

i did this exact same thing myself. need to think about this. im used to entering and exiting with ea. not just entering
  • #282
  • Sep 2, 2009 7:58pm Sep 2, 2009 7:58pm
Quoting nanningbob
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...

I am currently in all your open trades and new trades. Im glad so see we are on same page!!
  • #283
  • Sep 2, 2009 7:59pm Sep 2, 2009 7:59pm
closed 1st trade with your method (Demo) with PROFIT!!!
  • #284
  • Sep 3, 2009 6:11am Sep 3, 2009 6:11am
well Bob i must say; like all your systems: I Love It!!!

gonna demo for couple more weeks before taking it on live but thses r how my trades went over-night

297.6 pips and that is with me leaving the ea on TWICE it opened up 2 trades so i close them for mini losses
Attached Image (click to enlarge)
Click to Enlarge Name: bob 1.png Size: 20 KB
  • #285
  • Sep 3, 2009 6:02pm Sep 3, 2009 6:02pm
Well bob how did you make out today? I have these on my radar- tell me what do you think?

waiting for: euraud long, eurgbp long, gbpchf short

feels a little lonely in here! lol
  • #286
  • Sep 3, 2009 6:33pm Sep 3, 2009 6:33pm
Figures, soon as I bailed out on the eur/gbp it moved on down. Oh well that is trading. Yesterday was a good day.

eur/nzd L2 I profited at +110 L1 I took at +17 total +127 Nice
Nzd/Chf hit my TS at +17
Nzd/Jpy +53 L2 +6 L1 total +59 I had added a second level at Support
Nzd/USD +54 hit my TS
Chf/jpy +23 hit my TS
gbp/nzd +44 hit my TS
usd/cad +23 hit my TS

All the currencies moved and then retraced but I set my TP and TS so as not to lose any winning trades. Sometimes they run, sometimes they dont but it is still a great day. +330 for the day +660 for the week.

Now the carry overs.
usd/jpy at -23 still in
aud/nzd -15 still in

I took the gbp/usd off of resistance @-11
I took the eur/cad because it gave a signal during the day. +12
All 4 of these will keep running. So my carry over is a light -37
New trades. If I get to the USA session or Eur session in profit with these I will close and call it a week. No need to ruin a +660 profit week on the USA morning news. If you want to play the news market protect your profits and let em run.
buys eur/aud, eur/gbp
Sells aud/cad, gbp/chf (continuation of the DT??),
other possibilities maybe later in the day.
gbp/nzd play off of resistance again??
I would play USD/CAD again if it goes back up to resistance.

Doubled my pip total yesterday for the week, nice runs by the NZD clan. You will notice I play them for about 50 pips. Those are the ones where the pairs start with NZD. If you get more than that with them take it because they usually wont make 100 in one day. The others like Eur/nzd and gbp/nzd you play for 100 to 200+ most of the time.

Smilin on my way to the bank again this week.
  • #287
  • Sep 3, 2009 6:44pm Sep 3, 2009 6:44pm
Here is the gbp/usd trade and why I took it. In my manual I call this a secondary trade. I drew a yellow line across the screen and you can see where this area is a very strong resistance area (red dots) and a very strong support area (blue dots). To me this is a very good place to enter and also see the play off of the top BB band. This is very strong place and had bounced here 3 times in the last week. Gotta take it.
Attached Image (click to enlarge)
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  • #288
  • Edited 7:50pm Sep 3, 2009 6:54pm | Edited 7:50pm
Eur/Cad trade, You will noticed I have changed my BB from 20MA to the 40MA. I like the read of the 40MA better. It has double bounced off of the top BB so even though the white sto line has gone most of the way down, I am going to stay in this trade for today.

Look at this aud/cad trade. This is like throwing a juicy red steak, putting it on a grill and covering it with your favorite spices. Trades dont get much better than this one. This should be one truly great trade. Looks like a replay from earlier in the week. Who says lightning cant strike twice.

One of the reasons I play all the currencies is you can see certain currencies ready to make a move. For instance, yesterday was clearly a NZD day. It moved across the board and we took advantage of it. Right now the CAD looks good to move across the board. I have the aud/cad, eur/cad and keep your eye on the usd/cad. For those of you that have the gbp/cad on your charts, it also shows a trade signal. So today looks like a good Cad day. I added the usd/cad and gbp/cad just to show you what I mean. The gbp/cad pic I took from my testing of the 40MA BB demo. I see IBFX has GBP/CAD it for demo but not live trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur cad.gif Size: 20 KB
Click to Enlarge Name: aud cad.gif Size: 18 KB
Click to Enlarge Name: gbp cad.gif Size: 16 KB
Click to Enlarge Name: usd cad.gif Size: 21 KB
  • #289
  • Sep 3, 2009 7:34pm Sep 3, 2009 7:34pm
One of the reasons I play all the currencies is you can see certain currencies ready to make a move. For instance, yesterday was clearly a NZD day. It moved across the board and we took advantage of it. Right now the CAD looks good to move across the board. I have the aud/cad, eur/cad and keep your eye on the usd/cad. For those of you that have the gbp/cad on your charts, it also shows a trade signal. So today looks like a good Cad day.

you make a good point hear. very easy to see!!! im fully on board. im not messing with news in the morn. gonna stay on sidelines for this system tomorrow

thanks again. lets have a good week next week!!
  • #290
  • Sep 3, 2009 8:11pm Sep 3, 2009 8:11pm
Quoting jtmoore007
One of the reasons I play all the currencies is you can see certain currencies ready to make a move. For instance, yesterday was clearly a NZD day. It moved across the board and we took advantage of it. Right now the CAD looks good to move across the board. I have the aud/cad, eur/cad and keep your eye on the usd/cad. For those of you that have the gbp/cad on your charts, it also shows a trade signal. So today looks like a good Cad day.

you make a good point hear....
You can see the usd/cad is the weakest call of the four but since the others are strong I went ahead and entered it also. However, if you are a 1,2,3 swing trader this is the type of setups, USD/CAD, they look for. They will enter off of the break of the support line (blue line).
  • #291
  • Edited 6:41pm Sep 4, 2009 6:24pm | Edited 6:41pm
closed trades
usd/jpy thought the trade was a dud and took a -4 pip loss
aud/nzd hit a support line and took it +42
aud/cad +34
eur/cad hit my +10 and then took a nice run of over 200 pips
gbp/nzd +55 hit my TS and then sunk some more.
usd/cad +56 this one went over 180 closed at first support line.
Total for the day +193 but missed three big runs. Imagine making 193 pips in one day but missing 3 - 200 pip runs amazing.
These trades I have open
gbp/usd at -72
eur/aud -208 1L -8 2L
eur/gbp -14
gbp/chf 1L -60 2L +25 I manually added a second level at resistance. -35 for now.
Total carry over for the weekend -337
STATS
This week total pips +853 and I missed a couple of nice moves too. DANG.
3 week total +2048 carry over -337
Monday's picks
Sells AUD/USD AUD/CHF
Will do AUD/NZD off of resistance line. Made this play earlier in the week see no reason not to do it again. I am learning to go ahead and play the double tops and Head and shoulder turn arounds. See pic below. Looks like an AUD day.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 20 KB
  • #292
  • Sep 4, 2009 6:39pm Sep 4, 2009 6:39pm
Quoting nanningbob
Eur/Cad trade, You will noticed I have changed my BB from 20MA to the 40MA. I like the read of the 40MA better. It has double bounced off of the top BB so even though the white sto line has gone most of the way down, I am going to stay in this trade for today.

Look at this aud/cad trade. This is like throwing a juicy red steak, putting it on a grill and covering it with your favorite spices. Trades dont get much better than this one. This should be one truly great trade. Looks like a replay from earlier in the week. Who says lightning cant strike...
I made a big deal on these CAD trades Friday and how currencies will show complete setups across the board. Even though I didnt take full advantage of the moves you can see how they did.

GBP/CAD +250
Eur/Cad +235
USD/CAD +180
AUD/CAD and my juicy steak aud/cad trade, shows you what I know LOL, went down 56 pips and then came back up again. DUD.

But you will see currency groups do this and they make nice runs.
  • #293
  • Sep 4, 2009 6:45pm Sep 4, 2009 6:45pm
Here are my calls for Monday. Again you will see I turned my EA on but price will not enter until there is a retracement. So if they continue to run up, we are not in until price turns around and the 3x3 EA enters the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud chf.gif Size: 19 KB
Click to Enlarge Name: aud usd.gif Size: 20 KB
  • #294
  • Sep 5, 2009 12:02pm Sep 5, 2009 12:02pm
Hello Bob,

in your templates for the 4H-system you use different MACD´s.In the "3x3-no warning"-template there is the MACD-true and in the Sell- and Buy-templates there is the standard MACD.
Your line of the MACD-true is not the same as your line of the Standard-MACD.

What MACD you are using now in your trading?

aiti
  • #295
  • Sep 5, 2009 6:35pm Sep 5, 2009 6:35pm
Quoting aiti
Hello Bob,

in your templates for the 4H-system you use different MACD´s.In the "3x3-no warning"-template there is the MACD-true and in the Sell- and Buy-templates there is the standard MACD.
Your line of the MACD-true is not the same as your line of the Standard-MACD.

What MACD you are using now in your trading?

aiti
I use the true MACD for all templates. I need to go back and change that. Thanks for reminding me. Sorry.
  • #296
  • Sep 7, 2009 6:30pm Sep 7, 2009 6:30pm
Ok got some good runs and setups coming today so here we go.
CLOSED TRADES
gbp/usd put a 2nd level trade at resistance and it was closed at +74 the first level trade is at -17 and will keep that one.
eur/gbp +37 my most profitable trade of the day. The eur/gbp is like playing double lots because of the exchange rate.
gbp/chf 2L +97 1L +14
OPEN TRADES
aud/chf entered -50
aud/nzd entered +15
aud/usd entered -15
eur/aud 1L -253 2L -95 3L 0 (entered manually at support)
gbp/usd -17

I did not expect such a good start because of the holiday
Closed +222
carry over -415
TODAY'S PICKS
Lots of choices today
SELLS aud/jpy,
BUYS eur/cad, usd/cad, usd/sgd

Some worth watching- the almost qualifies
eur/jpy, eur/chf, eur/nzd, nzd/chf, nzd/jpy,nzd/usd
I wouldnt take all of these but you may want to try a couple. See how they look at the EUR open.
  • #297
  • Sep 8, 2009 5:23am Sep 8, 2009 5:23am
Thanks Bob for writing posts all the time...

I have been using this system in June and July and gathered circa 1400pips
but I wasn't paying much attention to it. Many mistakes and errors I made because of it. Definietly it was possible for me to earn twice more so generally I'm willing to test it more and help here with my feedback.
Earning 1000-1500pips monthly is all I need.

Thanks once again for your system.

Regards
Baniu
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #298
  • Sep 8, 2009 6:27am Sep 8, 2009 6:27am
Quoting Baniu
Thanks Bob for writing posts all the time...

I have been using this system in June and July and gathered circa 1400pips
but I wasn't paying much attention to it. Many mistakes and errors I made because of it. Definietly it was possible for me to earn twice more so generally I'm willing to test it more and help here with my feedback.
Earning 1000-1500pips monthly is all I need.

Thanks once again for your system.

Regards
Baniu
Thanks, most traders have never seen 1000 pips in one month or maybe even in a year. I will enjoy it though. USD is taking a beating so far today. Hopefully the USA traders will be a little bit more pro American.
  • #299
  • Sep 8, 2009 8:55am Sep 8, 2009 8:55am
nanningbob,

really impressive stuff you got going on here, looks like one of the best systems here on FF.

thank's for updating and throwing so much time into this...

PC



Quoting nanningbob
Ok got some good runs and setups coming today so here we go.
CLOSED TRADES
gbp/usd put a 2nd level trade at resistance and it was closed at +74 the first level trade is at -17 and will keep that one.
eur/gbp +37 my most profitable trade of the day. The eur/gbp is like playing double lots because of the exchange rate.
gbp/chf 2L +97 1L +14
OPEN TRADES
aud/chf entered -50
aud/nzd entered +15
aud/usd entered -15
eur/aud 1L -253 2L -95 3L...
Less is more...
  • #300
  • Sep 8, 2009 6:25pm Sep 8, 2009 6:25pm
Almost qualifies first, I did take and close
CLOSED
eur/chf closed +30
eur/nzd +131

I DIDNT take nzd/chf +30 or +40 or nzd/jpy +20 maybe
I did take nzd/usd -80 still in
THE OTHERS
aud/chf -8 hmmmmm keep or close hmmmmmmm????
aud/nzd -21 keeper
aud/usd -111 1L -30 2L Dont like the looks of this one. Aud can go on a long trend at times.
eur/aud 1L -204 2L -46 3L +50 took the 3l profit kept the other 2
gbp/usd 1L -182 Should have taken the 17 pip loss yesterday 2L +46
Aud/jpy -23 entered
eur/cad -8 just entered
usd/cad forgot to turn my EA on. would have been around +50 if I had dumb bob dumb bob.
usd/sgd remembered to turn on the EA -80 sheesh ...........
TOTALS FOR HE DAY
Closed trades +211 for the week +433
Carry over -603
OPEN TRADES
aud/chf aud/nzd aud/usd eur/aud eur/cad gbp/usd nzd/usd usd/sgd

TODAY'S PICKS (some of these I am in early but I will recall so as not to confuse)

Sells aud/jpy chf/jpy eur/jpy eur/usd gbp/usd nzd/usd and eur/cad (look for a double top)

Buys usd/chf usd/sgd

There are a lot of possible trades out there. Pick and choose what you think you like. Yester day I chose 1 nzd pair (it went in the hole and the two I did not pick would have made a profit, it happens) However, I did pick 2 or the 3 Eur trades and they both did well while the one I did not pick went nowhere. It happens. If I get retraces on the AUD and USD pairs I will have a great day. If not I will be looking to zero them out. If I get disgusted with my trades I am only down -170 for the week so as some pairs trend against you there are enough winners to keep it from being a disaster. Sooner or later I will have to do something with that EUR/AUD trade. Looking for my best out. If it goes back down to its support line I will add a 3rd level. If it breaks the resistance line I will look to get out as cheaply as possible.
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