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Nanningbob 4H trading system

  • #321
  • Sep 14, 2009 9:05pm Sep 14, 2009 9:05pm
nice job. Jumped in live with bb ea. Gonna keep up with 4 hr manual test. Want to get in trouble 1 good time with it and work my way out. Much like u did hear. Then I'll go live with this method

Quoting nanningbob
OK you are deep in the hole on a trade and you made a mistake in trading. Last week I had a profit on the gbp/usd and had decided to close one position for a profit and keep the other position at-17. Well, the trade went against me big time so I had to fight my way out. I ended up going 3L deep but Sunday night/Monday morning (Asian time) during the JPY session there was some good retracement activity. I made a decision to close some trades to lessen my losses and others I kept to see if...
  • #322
  • Sep 15, 2009 8:39am Sep 15, 2009 8:39am
Quoting jtmoore007
nice job. Jumped in live with bb ea. Gonna keep up with 4 hr manual test. Want to get in trouble 1 good time with it and work my way out. Much like u did hear. Then I'll go live with this method
SHeesh. I think the last time someone said they wanted to get in trouble to see if they could get out, we had one of our worst weeks. LOL. Any way if you want some practice put the 60x90 on the gbp/nzd or gbp/cad and you will get some practice. Those currencies really out run that EA.
  • #323
  • Sep 15, 2009 5:47pm Sep 15, 2009 5:47pm
Not a particular exciting day
TAKE PROFITS
Eur/Cad +84 at least one currency moved yesterday
USD/CHF hit my TS +14

OPEN TRADES
aud/chf 0
aud/usd -125 1L -44 2L Lets play sit on the fence.
eur/aud 0 forgot to call that one but put it on later in the day.
eur/gbp -98 added L2 0
eur/usd -197 added L2 -92 L3 -31 OK lets see how long we can stagnate, sheesh.
gbp/chf -140
USD/SGD -51

TOTALS
+98 for the day
Carry over -771
-67 for the week

NEW TRADES No new trades for today.
BUYS
SELLS
  • #324
  • Edited 3:51am Sep 16, 2009 2:18am | Edited 3:51am
Hi Nanningbob and all forumers!

I'm new to Forex Factory and just wanted to say I will be testing this in demo (along with 20MA 180x100 EA and 40MA BB EA).

Looking forward to discussing trades to take with you guys. And unlike those nasty people who voted BEFORE even trying the system, I have a very positive opinion already from the last 22 pages I've been reading

At the time I'm posting this, I can see;
GBPCHF is forming a primary BUY signal
EURGBP is forming a primary SELL signal
AUDUSD seems to be forming a secondary SELL signal
USDCHF seems to be forming a secondary BUY signal

I've put the respective EAs on these charts and am waiting for them to trigger the orders in good time!

Nanningbob, firstly I'd like to say a BIG THANK YOU, I greatly appreciate the good work you've done here.
Also, if you could kindly comment on my observations above, that would be swell

Cheers!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF.png Size: 37 KB
Click to Enlarge Name: EURGBP.png Size: 38 KB
Click to Enlarge Name: AUDUSD.png Size: 42 KB
Click to Enlarge Name: USDCHF.png Size: 38 KB
  • #325
  • Sep 16, 2009 8:52am Sep 16, 2009 8:52am
Quoting silv3r4sh
Hi Nanningbob and all forumers!

I'm new to Forex Factory and just wanted to say I will be testing this in demo (along with 20MA 180x100 EA and 40MA BB EA).

Looking forward to discussing trades to take with you guys. And unlike those nasty people who voted BEFORE even trying the system, I have a very positive opinion already from the last 22 pages I've been reading

At the time I'm posting this, I can see;
GBPCHF is forming a primary BUY signal
EURGBP is forming a primary SELL signal
AUDUSD seems to be forming a secondary SELL signal
USDCHF...
I am in all 4 trades also. Just a suggestion, make the backround color or your buy screens and sell screens different colors so you dont mix them up. The green is my signal screen with no EA. Black is for my buy and dark blue for my sells. This way if I make a mistake I see it right away. The AUD/USD is now at a strong Daily resistance level. So I put a double lot there to try to get myself out of the hole. I expect some traders to start taking profit at that level so a good reverse, I hope. Been waiting on that for a while. Other than that saw some good moves today and knocked down some TP. If I get the AUD/USD and Eur/usd to give some kind of retrace I will get out of them two and move on. See you guys before the JPY open.
  • #326
  • Sep 16, 2009 9:02am Sep 16, 2009 9:02am
Just an observatioin. If you eyeball the 4H chart and go back in time, I think you will notice that most currencies will hit their high or low for the week on Wed. or Thurs. Now that isnt always true but I think it is safe to say that most of the time you will see that. Let me know if any of you have spotted this same kind of trend in currencies. You can plan your retracements around those support or resistance lines at that time.
  • #327
  • Sep 16, 2009 9:23am Sep 16, 2009 9:23am
I happen to agree with this guy. The pessimism concerning the USD is way overblown. Yes we hit a bad bump here but most European countries and Japan carry a much bigger debt to GDP ratio than the USA. Just a reminder of history, during WW2 the USA carried twice the amount of debt to GDP than we are now and that didnt cause hyperinflation or all the other doom and gloom being predicted now. So Read and enjoy. Just an opinion.

Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy.

Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose.

Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.

http://www.ordering1.us/bloombergboo...ct.php?pid=345
  • #328
  • Edited 7:42pm Sep 16, 2009 7:06pm | Edited 7:42pm
Not a particular exciting day, made a tough decision today.
TAKE PROFITS
aud/chf +83
eur/aud + 135
aud/usd L3 hit TS +5 I thought it was finally going down. Mentioned why I did this earlier.

To eliminate some of my exposure I went ahead and took out my L1 AUD/USD and EUR/USD. I made enough profit yesterday to break close to even on one and I went ahead and took the loss on the other. I feel I can recover and still profit this week and not carry the risk of hitting a big loss in case the dollar keeps sliding. This is an account protection move. In my 60x90 thread I talk about the slow sliding death trade and I just dont want to hang on to these much longer. So I just cut my losses. I am adding a bunch of new trades and my carry over is high. I also am thinking about when I cross the -1000 carryover barrier I should make a decision to keep it from getting bigger, especially when I am adding a bunch of new trades. I am experimenting with that idea to see if that keeps my account in safe margin territory so I can trade bigger lots. Just an idea for now.
CLOSED FOR LOSS
aud/usd -209 only L1
eur/usd -240 only L1

OPEN TRADES
aud/usd -128 2L new L3 -25 Lets play sit on the fence. I am really beginning to dislike this trade.
eur/gbp -132 added L2 -34
eur/usd added L2 -135 L3 -74 OK lets see how long we can stagnate, sheesh.
gbp/chf -184 added L2 0 could be a double bottom here on the 4H chart.
USD/SGD -124

TOTALS
+223-449=-226 for the day

Carry over -836
-293 for the week

NEW TRADES
BUYS aud/nzd eur/nzd gbp/nzd usd/cad
SELLS eur/chf eur/jpy nzd/chf nzd/jpy

Looks like a nzd, chf, jpy day. Chf is an interest rate day, they have already said they want to do something to improve the currency so it doesnt keep sliding down. So I am expecting some big moves on that one today.
  • #329
  • Sep 17, 2009 7:24pm Sep 17, 2009 7:24pm
We made some profits even though almost all my trades went back to their TS. I was hoping for some currency runs but no luck today. I was tempted to close a bunch of trades at the end of the Eur session but I decided to hang on for some afternoon runs. It didnt happen and several came back and hit my TS. You kick yourself if you close and they continue to run. You kick yourself if you dont close and they retrace. Sometimes it works, sometimes it doesnt. Sure would be nice to see the future huh?
TAKE PROFITS
aud/nzd this is the 2nd time I forgot to turn the EA with this pair. What is it with me anyway. It would only have been 20-25 pips but sheesh.
aud/chf +17 hit my TS
eur/chf +17 my EA entered late on the drop so missed most of it.
eur/nzd +84
gbp/nzd +7 hit my TS This was a stupid move on my part, I had over 125 profit and should have moved up my SL to 90 or 100 and protected most of the profit. But I figured it would run because the gbp/nzd often does but not today.
nzd/chf +56
usd/sgd +19 took 1 level profit I had added a 2L during the day and then took the profit.

Total +200 surprising how all these little trades add up to a decent day though. Made too many mistakes and lost over 100 pips on the aud/nzd and gbp/nzd I could have had.

CLOSED FOR LOSS
none

OPEN TRADES
aud/usd -102 2L new L3 +1 well at least I gained a little from yesterday.
eur/gbp L1 -172 L2 -74 L3 - 0 Tell me why I am trading the Euro right now??
eur/jpy -106
eur/usd added L2 -135 L3 -74 OK No change.
gbp/chf -284 added L2 -100 added L3 0 So much for that double bottom. Started off good but then ........
nzd/jpy -24
usd/cad -13
USD/SGD -90

TOTALS
+200 for the day

Carry over -1374
-93 for the week

NEW TRADES
BUYS gbp/nzd again hopefully do better today
SELLS chf/jpy
watch the usd/jpy, if it spikes up put sell on it.

Even though my carry over looks high, all the currencies I am still look like good trades. I feel better now than I did two days ago when I hit the -1300 mark. It will disappear quickly if there are any moves. If I had kept those two usd/aud and usd/eur it would be looking ugly but the markets appear to be starting to move around again after stagnating most of the week.
  • #330
  • Sep 17, 2009 7:34pm Sep 17, 2009 7:34pm
u r taking way more trades than me. I am in only three atm. But am only averaging a few open trades at a time. Maybe beingtoo picky but I'm not near in the dd that u r. Haven't counted but must b up a few hundred pips for the week.

Quoting nanningbob
We made some profits even though almost all my trades went back to their TS. I was hoping for some currency runs but no luck today. I was tempted to close a bunch of trades at the end of the Eur session but I decided to hang on for some afternoon runs. It didnt happen and several came back and hit my TS. You kick yourself if you close and they continue to run. You kick yourself if you dont close and they retrace. Sometimes it works, sometimes it doesnt. Sure would be nice to see the future huh?
TAKE PROFITS
aud/nzd this is the...
  • #331
  • Sep 17, 2009 8:00pm Sep 17, 2009 8:00pm
Hi Bob,

I have save all files and restart MT4, it has been 1 day and the screen still show waiting for update.
Does the update usually take so long ? Thanks
  • #332
  • Sep 17, 2009 8:34pm Sep 17, 2009 8:34pm
Quoting nico28
Hi Bob,

I have save all files and restart MT4, it has been 1 day and the screen still show waiting for update.
Does the update usually take so long ? Thanks

u are using standard account mode

go to file> open account and make sure it says mini not standard

Before u do this x out of all charts. Then do as I said above. Then u will have fresh account. Now run profiles like before and all the charts will pop up.

Profile will only work for mini accounts not standard. It is setup to open pairs with
"m" on the end.

Because u r in standard account mode your charts do not end in "m". Therefore it will say waiting fir update forever!

switch to mini account and will pop up instantly
  • #333
  • Sep 17, 2009 8:41pm Sep 17, 2009 8:41pm
Quoting jtmoore007
u r taking way more trades than me. I am in only three atm. But am only averaging a few open trades at a time. Maybe beingtoo picky but I'm not near in the dd that u r. Haven't counted but must b up a few hundred pips for the week.
I feel it would be unfair to make a call and then didnt make the trade. I prefer diversification over a wide field. Also even though -1300 pips may seem a lot, I am using 10-15% of my margin. When I get to -1300 I am about 15% of my margin so I have plenty of room to deal with bad trades. Last Friday, if you remember, I was at -1300 and the Monday retraces came in. I closed out the GBP trade but kept the aud/usd and eur/usd. I should have taken all three as minimum losses at that point and my DD would be much less now. So we make decisions and sometimes they work and sometimes they dont. If I had done the opposite, kept the GBP and closed the two aud,eur trades I actually would have made a small profit. It is funny how forex works against you sometimes. It seems like I should write down, this little voice tells me to do this but I should do the opposite. Still beside all my mistakes and misjudgements I am still doing very well the last 2 months and cant complain. I am doing this to not only keep a record of my own trades but making my decisions public lets new traders see the real up and down of this business so they will get more realistic expectations. Here is a trade live going bad, what do you do. Here I make dumb mistakes not like the sale ads I get with guys trying to get you to buy their systems but never tell you about the downside of them. I like the hpye of this guy:
You can choose 3 easy monthly payments of $733 each. That is 2200 bucks to learn how to trade a breakout and move your SL to breakeven when you get into profit. Good hype and if you dont buy by midnight tonight this offer will be gone forever. But dont worry, he will scavange some system off of FF and be back 2 or 3 months later with his newest trading system. Hey I can teach you a breakout system. Put a 5MA high and 5 MA low on your screen on a 4H or 1H chart, wait for the red square news stories on FF and when price breaks the high or low enter. What they dont tell you is the banks get their orders in first, then their best customers, then the broker gets the feed and you are facing a high spread because the broker knows he cant get you the best price. REQUOTE, REQUOTE, REQUOTE. (This is probably what happened to my EUR/CHF trade yesterday. Got requoted to a small profit or big spread). I am tired of looking at a screen waiting for some certain rules to happen and then ........................... I prefer to trade longer term and let the trade develop. Sometimes it closes the same day, sometimes I can sit on a trade for a week or more. Much easier on my health, heart, eyes, etc.

OH gotta go only 9--2200 dollar training programs left.
As of09:49 AM
today, there are only 9
courses remaining
  • #334
  • Edited 9:01pm Sep 17, 2009 8:49pm | Edited 9:01pm
I think u may have taken my post the wrong way. I wasn't saying anything positive negative or indifferent. I was just stating that I must b being a little picky because I wasn't taking near as many trades. I really want to b on same page as you! As u seem to have this down pat!!! Sorry if u took my post to b negative in any way. I meant NO bad words at all

thanks again for sharing all your info. I'M LOVIN IT!!!

Quoting nanningbob
I feel it would be unfair to make a call and then didnt make the trade. I prefer diversification over a wide field. Also even though -1300 pips may seem a lot, I am using 10-15% of my margin. When I get to -1300 I am about 15% of my margin so I have plenty of room to deal with bad trades. Last Friday, if you remember, I was at -1300 and the Monday retraces came in. I closed out the GBP trade but kept the aud/usd and eur/usd. I should have taken all three as minimum losses at that point and my DD would be...
  • #335
  • Sep 17, 2009 9:03pm Sep 17, 2009 9:03pm
Tks. I finally got my charts up.
  • #336
  • Sep 17, 2009 9:08pm Sep 17, 2009 9:08pm
Quoting nico28
Tks. I finally got my charts up.
No worries
  • #337
  • Sep 17, 2009 9:38pm Sep 17, 2009 9:38pm
Quoting jtmoore007
I think u may have taken my post the wrong way. I wasn't saying anything positive negative or indifferent. I was just stating that I must b being a little picky because I wasn't taking near as many trades. I really want to b on same page as you! As u seem to have this down pat!!! Sorry if u took my post to b negative in any way. I meant NO bad words at all

thanks again for sharing all your info. I'M LOVIN IT!!!
There was nothing negative about my post. I just stated why I did something. Then had some fun with the advertisers. It means nothing negative about what you say or do. I will post my trades and you are free to pick or choose which ones you think is best.
  • #338
  • Sep 17, 2009 9:39pm Sep 17, 2009 9:39pm
Quoting nanningbob
There was nothing negative about my post. I just stated why I did something. Then had some fun with the advertisers.
Good deal.

Many pips to all!!
  • #339
  • Sep 19, 2009 8:09pm Sep 19, 2009 8:09pm
First I was having trouble with my internet connection in China and then I couldnt post on FF because they were having problems but here we are finally. Anyway my first bad week in a long time. I cleared out some trades and now wish I hadnt closed the eur/gbp but what is done is done. The last two days garnished almost 400 pips in profit to offset some of my losses so hopefully we will see the end to these long unretracing trends and get back to bouncing up and down. It is ok for price to trend one direction or another as long as the retraces come with it. However this last week several currencies took off without retracing and that does happen occasionally. Anyway the gbp/chf trade is back under control and now we will chip away at the deficit some more and hopefully be back in profit this week.

TAKE PROFITS
aud/usd +30 closed L3
eur/usd +74 closed L 3
usd/cad +83
+187
CLOSED FOR LOSS
Closed GBP/CHF L1 -420 L2 -230 Dont like where this trade is going
closed Eur/gbp -200 L1 didnt like where this is going either so cut my first level off.
-650

OPEN TRADES
aud/usd -80 2L One level left on this trade for now.
chf/jpy -50
eur/gbp L2 -161 L3 -61
eur/jpy -89
eur/usd added L2 -119
gbp/chf L3 -181 L4 -0 I dropped two of the levels probably should have only dropped one. Pic below, this looked so ugly I just wanted to make sure I didnt get in over my head on this one. Took a big loss and cleaned house.
gbp/nzd -181
nzd/jpy -20

USD/SGD -101

TOTALS
total for day -463
-556 for the week
Carry over -942

Total for the month of Sept. +1020

NEW TRADES
Buy Gbp/usd aud/nzd ( I may not take the gbp/usd trade until I see some stoppage in the current drop in the pound) I have had enough trouble with this currency the last couple of weeks.

Sell usd/jpy
  • #340
  • Sep 19, 2009 8:14pm Sep 19, 2009 8:14pm
Good Morning Bob,

I have not seen the 3x3MA appear on my sreeen evemthough I have add all programme into MT4.
Did I miss anything ? Thankyou
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