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Nanningbob 4H trading system

  • #441
  • Oct 6, 2009 5:37am Oct 6, 2009 5:37am
Quoting nanningbob
Yes it looks good. The one thing I really like about the Eur/nzd is when it bounces back, it bounces strong so that will be worth looking at. Also change the 20MA on your BB to a 40 MA. I think it gives a much better read on a currency. I like it better anyway. I hope to update my currency book soon into a second edition. Some of the changes will be switching the BB to a 40 MA, better rules on taking secondary trades, dividing currencies into slow, medium, volatile, very volatile ratings and putting the 2.4.2 recovery system...
Hi Bob,

Do you recommend to change the BB to 40MA for all the currencies or just Eur/Nzd?

Thank you
  • #442
  • Edited 8:22am Oct 6, 2009 6:10am | Edited 8:22am
Quoting tigretoncio
Hi Bob,

Do you recommend to change the BB to 40MA for all the currencies or just Eur/Nzd?

Thank you
Hi Bob,

I have just realised that you recommend BB 40 MA for all pairs in post #405. Sorry for asking something that has been already answered.
  • #443
  • Oct 6, 2009 8:55am Oct 6, 2009 8:55am
Here we go, my 1st trade from this system, EURNZD buy @ 2.00443.
  • #444
  • Oct 6, 2009 9:37am Oct 6, 2009 9:37am
Quoting BenScoobert
Here we go, my 1st trade from this system, EURNZD buy @ 2.00443.
Really??? i have the buy ea on and it didn't open the trade. i have openend the nzdjpy but the en didn't open en yet and im glad it hasn't. not sure why yours would have opened. What time did you turn ea on?

im not seeing a 33 cross yet!

nj just crossed so the trade opened
  • #445
  • Oct 6, 2009 9:56am Oct 6, 2009 9:56am
Quoting jtmoore007
Really??? i have the buy ea on and it didn't open the trade. i have openend the nzdjpy but the en didn't open en yet and im glad it hasn't. not sure why yours would have opened. What time did you turn ea on?

im not seeing a 33 cross yet!

nj just crossed so the trade opened
2009.10.06 14:43:43 BUY 200 3L4H5D .01 EURNZD,H4: open #69078369 buy 0.01 EURNZD at 2.00443 sl: 1.90443 ok

just over an hour ago and it opened a trade about 10 seconds later

im using alpari uk
  • #446
  • Oct 6, 2009 10:11am Oct 6, 2009 10:11am
Why do you think the survey gave such widely varying results?
Gone to a better place
  • #447
  • Oct 6, 2009 10:18am Oct 6, 2009 10:18am
Quoting smikester
Why do you think the survey gave such widely varying results?
Survey?
  • #448
  • Oct 6, 2009 12:14pm Oct 6, 2009 12:14pm
open trades....
Attached Image
  • #449
  • Oct 6, 2009 12:16pm Oct 6, 2009 12:16pm
Quoting smikester
Why do you think the survey gave such widely varying results?

people just answer these to be dicks. i saw where 1 guy said he always votes as negatively as possible just so the thread starter doesn't get a big head. really dumb. i wouldn't look to these surveys for any real value.
  • #450
  • Oct 6, 2009 12:18pm Oct 6, 2009 12:18pm
Quoting jtmoore007
people just answer these to be dicks. i saw where 1 guy said he always votes as negatively as possible just so the thread starter doesn't get a big head. really dumb. i wouldn't look to these surveys for any real value.
Ah!! he meant the poll... on an earlier post, Bob said something like 15 people voted negatively before the 1st trading day.
  • #451
  • Oct 6, 2009 5:52pm Oct 6, 2009 5:52pm
Hiya Ben, I should be in the same trade as you.

2009.10.06 16:00:05: order was opened : #2198169 buy 0.01 EURNZD at 2.00535 sl: 0.00000 tp: 0.00000

The trade was opened about 14 hours after I enabled the EA.
I'm using GoMarkets (GMT+2).


Quoting BenScoobert
2009.10.06 14:43:43 BUY 200 3L4H5D .01 EURNZD,H4: open #69078369 buy 0.01 EURNZD at 2.00443 sl: 1.90443 ok

just over an hour ago and it opened a trade about 10 seconds later

im using alpari uk
  • #452
  • Edited 7:03pm Oct 6, 2009 6:51pm | Edited 7:03pm
Quiet day not much happening yesterday but today looks like a really good day for entering trades. Some of you jumped in early yesterday but I will be turning my EA on now.
TAKE PROFITS
aud/nzd +52

CLOSED FOR LOSS


OPEN TRADES
nzd/chf -33
nzd/usd, -42
usd/sgd, -16
usd/cad, has not entered yet

TOTALS
total for day +52
+ 222 for the week
+1550 for the month
Carry over -91

NEW TRADES
primary trades
BUYS eur/cad, eur/nzd, gbp/nzd (hesitating on gbp but will try),usd/cad
SELLS aud/jpy, aud/usd, eur/usd (now I will take the eur/usd)
Secondary trades
BUYS eur/aud, usd/jpy
SELLS aud/chf (see explanation next post)

So it looks like its a NZD, AUD, USD day.
  • #453
  • Edited 7:22pm Oct 6, 2009 6:55pm | Edited 7:22pm
Primary trades are pretty easy to pick out but secondary trades seem to be more troublesome. I will use the aud/chf for an example today. Actually this one was easy to spot. First all the other aud currencies have lined up for trades. Second it is reaching its previous recent high which was also a primary trade. Third it just had a long run of 11 of 13 bull candles so a retrace or turnaround should be expected soon. Fourth, you are almost hitting the top of the BB band. So put the sell EA on it, expect to maybe hit or get close to the resistance line and enter sometime later in the day.

Second pic is the eur/aud, same reasons but it is a buy plus looks like a solid double bottom here.
USD/JPY triple bottom. So those are good solid secondary trades confirmed by other pairs in the same currency being primary trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud chf.gif Size: 18 KB
Click to Enlarge Name: eur aud.gif Size: 19 KB
  • #454
  • Oct 6, 2009 9:54pm Oct 6, 2009 9:54pm
Hi Bob,

Tomorrow will be the Australian unemployment rate news release. How should we prepare for this, if possible? Any other news to consider?

On behalf of all of us here, thanks a gazillion
  • #455
  • Oct 6, 2009 11:01pm Oct 6, 2009 11:01pm
Quoting silv3r4sh
Hi Bob,

Tomorrow will be the Australian unemployment rate news release. How should we prepare for this, if possible? Any other news to consider?

On behalf of all of us here, thanks a gazillion
That should not affect us much. When I worry about news stories, I worry about ones that will push prices hundreds or thousand of pips. The only ones I know that do that are large interest rate stories, sudden war and trillion dollar bailouts. The other news stories if they push 200-300 pips is one reentry, maybe 2 in my system. Well within the range of my EA. My favorite are spikes. I make money on those. Price will move up 100-200 pips when brokers and banks want to clear out SL. I just add a position and then ride the spike back down again. Many times my EA will catch it right at the top when price pauses. Usually price is moving too fast for the order to get in. Wnen it stops to reverse the order is taken and then FREE MONEY. Doesnt happen very often, maybe two or three times a year, but when it does fantastic. The next day all the traders are complaining about their lousy brokers and how they got ripped and I am smiling. I like beating them at their own game.
  • #456
  • Oct 7, 2009 12:27pm Oct 7, 2009 12:27pm
Just placed the sell EA on EURCHF

placed a few trailing stops today to secure profit, most closed out now

I have a few running -ve pips but nothing to worry about
  • #457
  • Oct 7, 2009 4:54pm Oct 7, 2009 4:54pm
Damn FOREX market is being a pain. I have currently have a massive drawdown in my account now, mostly due to positions on AUDCHF, EURAUD, AUDUSD & EURCHF.

I have the most DD in the underlined pairs but the 4H stochs are still at the extremes for those pairs. I am more worried about AUDUSD though, as the white stoch is already approaching the other end and price has still not yet fallen. Any thoughts, Bob?
  • #458
  • Oct 7, 2009 7:04pm Oct 7, 2009 7:04pm
Bears and Bulls are battling it out so prices are bouncing around some. Missed on the eur/usd profits because I didnt set my SL into profit like I should have. So we closed that one out at 0. One new trade today. Aud/chf never entered and have had that EA on for more than 24 hours, neat.
TAKE PROFITS
eur/cad +56
eur/usd 0
usd/cad +39
usd/jpy +26
CLOSED FOR LOSS


OPEN TRADES
aud/chf EA has not entered yet
aud/jpy, -26
aud/usd, -68
eur/aud, -98
eur/nzd, -74
gbp/nzd -138
nzd/chf -99
nzd/usd, -68
usd/sgd, -58

TOTALS
total for day +121
+ 343 for the week
+1671 for the month
Carry over -629

NEW TRADES
primary trades
BUYS
SELLS eur/chf
Secondary trades
BUYS
SELLS
  • #459
  • Oct 7, 2009 7:12pm Oct 7, 2009 7:12pm
Quoting silv3r4sh
Damn FOREX market is being a pain. I have currently have a massive drawdown in my account now, mostly due to positions on AUDCHF, EURAUD, AUDUSD & EURCHF.

I have the most DD in the underlined pairs but the 4H stochs are still at the extremes for those pairs. I am more worried about AUDUSD though, as the white stoch is already approaching the other end and price has still not yet fallen. Any thoughts, Bob?
Aud/chf has not entered yet. Just turned the EA on for eur/chf so it has not entered. Since it just arrived at the top of the BB band now is the time to turn the EA on. All the AUD, NZD pairs are in the turnaround fight right now. I dont know what you mean by massive drawdown, I have yet to enter 2nd level on any trade so we are just getting started. My DD is light right now so if your account is in trouble you are playing with too big of lots.
  • #460
  • Oct 7, 2009 7:18pm Oct 7, 2009 7:18pm
aud/chf pic. Shows how the EA kept me out of the trade all day as it keeps going up and up.
Attached Image (click to enlarge)
Click to Enlarge Name: aud chf.gif Size: 15 KB
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