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  • #881
  • Jan 11, 2010 5:36am Jan 11, 2010 5:36am
Quoting nanningbob
I am waiting for IBFX to finish opening their offices there and many of the UK brokers wont take USA customers.
Jump to true here

http://www.gomarketsaus.com/

I believe they solved all the problems of American citizens.
For added safety, I sent them a mail-here is the content and their response:
Good morning
I would like an information-for some American friends
You accept the opening of current accounts of American citizens?
They want to circumvent American laws of the NFA. (hedge problem)
This is possible with you?
In Europe it is entirely legal. But Americans are not accepted.
Thanks
Romano Lutti

Good Day Romano,
Thank you for addressing your query to Go Markets.
To answer your questions,
Yes, we accept accounts opened by American Citizens
Yes, we allow the hedging of positions.
We are familiar with the recent turn of events by the NFA and as a result we've had many American clients come on board with Go Markets.
I would be more than happy to answer any of your American friends with setting up an account and welcome them to email me directly with any account openning questions.
Please feel free to pass forward my email to them.
Lawrence Chan
GOMarkets Pty Ltd
Level 16, 114 William Street
Melbourne
VIC 3000
+61 3 9670 3055
1800 88 55 71
[email protected]
www.gomarketsaus.com
  • #882
  • Jan 11, 2010 11:16am Jan 11, 2010 11:16am
Quoting Zorro's Mask
Just so others know that someone can make positive pips with this method. I made 502 pips last week. I had one losing trade only because I closed it out rather than wait it out. Had I been more patient, that trade would only be -5 pips going into the Sunday session. Nice method Bob.
Congratulation to you Zorro's Mask:
On my side, I keep gain back with my lost by doing this kind of leveling follow NanningBob but in total my trading very positive for few months.
  • #883
  • Jan 11, 2010 11:19am Jan 11, 2010 11:19am
Quoting Romano
Jump to true here

http://www.gomarketsaus.com/

I believe they solved all the problems of American citizens.
For added safety, I sent them a mail-here is the content and their response:
Good morning
I would like an information-for some American friends
You accept the opening of current accounts of American citizens?
They want to circumvent American laws of the NFA. (hedge problem)
This is possible with you?
In Europe it is entirely legal. But Americans are not accepted.
Thanks
Romano Lutti

Good Day Romano,
Thank you for addressing...
Romano, do you had live accounts with this provider?
I am looking alternative way event I did not hedge any trades (I did it before but sounds not success).
  • #884
  • Jan 11, 2010 4:40pm Jan 11, 2010 4:40pm
Jopie - I just opened a live account with Go Markets and it seems fine thus far.

Positions:

aud/nzd: - 19 (opened last friday EVEN THOUGH I said I wasn't going to trade last week...if I just WAITED then I would be positive here)

To Open:

BUY: usd/chf
SELL: aud/cad
  • #885
  • Jan 11, 2010 6:08pm Jan 11, 2010 6:08pm

TAKE PROFITS
Aud/Nzd, +6 I will look for a reentrance on this one. Put a sell at just below resistance and just below support.
CLOSED FOR LOSS
OPEN TRADES
Aud/Cad, -57
Eur/Aud, +21 set SL to 0
Gbp/Chf -45
TOTALS
total for day +6
 for the week 0
for the month 0
Carry over 0

primary trades
BUYS usd/chf
SELLS aud/usd nzd/usd

Secondary trades
BUYS
SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility.
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
  • #886
  • Jan 11, 2010 6:19pm Jan 11, 2010 6:19pm
Aud/nzd I thought was a bad entrance so I took my little profit. I set pending orders, both sells, just below S&R lines. Looking for a retrace to the top or a continuation trade. I want a better entrance.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 18 KB
  • #887
  • Jan 11, 2010 8:13pm Jan 11, 2010 8:13pm
Quoting Romano
Jump to true here

http://www.gomarketsaus.com/

I believe they solved all the problems of American citizens.
For added safety, I sent them a mail-here is the content and their response:
Good morning
I would like an information-for some American friends
You accept the opening of current accounts of American citizens?
They want to circumvent American laws of the NFA. (hedge problem)
This is possible with you?
In Europe it is entirely legal. But Americans are not accepted.
Thanks
Romano Lutti

Good Day Romano,
Thank you for addressing...
There are traders who are using some of my EAs with GOMarkets. There is an issue with the placing of the TP and SL. They must be entered separately and are not placed by the EA. If they ever resolve that issue they would be of interest. Thank you for your info.
  • #888
  • Jan 12, 2010 7:57am Jan 12, 2010 7:57am
Quoting scottik187
Jopie - I just opened a live account with Go Markets and it seems fine thus far.

Positions:

aud/nzd: - 19 (opened last friday EVEN THOUGH I said I wasn't going to trade last week...if I just WAITED then I would be positive here)

To Open:

BUY: usd/chf
SELL: aud/cad
Thx Scottik187 - I will consider this broker. Good day and happy trading
  • #889
  • Jan 12, 2010 1:20pm Jan 12, 2010 1:20pm
Quoting nanningbob
I am waiting for IBFX to finish opening their offices there and many of the UK brokers wont take USA customers.
Hello Bob,
I just opened a live account with FXCM UK http://www.fxcm.co.uk/. They take US citizens. There's also the advantage of segregated accounts as required by British law.
  • #890
  • Jan 12, 2010 4:41pm Jan 12, 2010 4:41pm
Closed positions:

aud/nzd: -5. If I held i would be sitting on a decent profit here. Problem was my initial entry.
usd/chf: 0 (moved the stop to zero after it moved 30+ points in my favour and it retraced).

Open positions: aud/cad: +10 and will hold for a while.

Set-ups: I don't really like either of these two

Buy: usd/jpy

Sell: GBP/USD - would like it to be further up the screen.
  • #891
  • Jan 12, 2010 5:54pm Jan 12, 2010 5:54pm
Nice day, will take it.
TAKE PROFITS
aud/usd +88
Eur/Aud, +34 Took this one too early, nice run yesterday worth a hundred+ pips.
Gbp/Chf +43
nzd/usd +22
usd/chf +10
Aud/nzd +63 another nice run. Showed how to play it yesterday in seperate post.
CLOSED FOR LOSS
OPEN TRADES
Aud/Cad, -8
BUYS
SELLS


TOTALS
total for day +260
 for the week +266
for the month +266
Carry over -8

primary trades
BUYS
SELLS eur/cad, gbp/usd

Secondary trades
BUYS
SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility.
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
  • #892
  • Jan 12, 2010 5:59pm Jan 12, 2010 5:59pm
Again I am going to take a straddle trade using pending orders. Today I will take the EUR/USD. If it bounces back up to R line I enter. If it breaks S I enter. This is what it looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 19 KB
  • #893
  • Jan 12, 2010 6:01pm Jan 12, 2010 6:01pm
Interesting. The vote is 51 for 49 against. Even though I made over 200 pips yesterday, someone thought it was junk and voted against the method. Well, I will just keep making money here.
  • #894
  • Jan 12, 2010 6:19pm Jan 12, 2010 6:19pm
thanks for that Bob - you certainly did have a good day.

From what I can see, most of your trades there came as secondary trades or simply from you seeing the trade within your system, rather than just taking primary trades...would I be right in saying that???
  • #895
  • Jan 12, 2010 7:58pm Jan 12, 2010 7:58pm
Quoting nanningbob
Interesting. The vote is 51 for 49 against. Even though I made over 200 pips yesterday, someone thought it was junk and voted against the method. Well, I will just keep making money here.
Dear Bob

If I were you I would not be too hung up in who votes which way. I have been through a large number of systems (good systems with 5 star rating) and yours is the only COMPREHENSIVE system with get out of trouble provision.

Bear in mind that there is a large amount of reading to do in order to properly understand the system (I had to read it 3 times). Having closely followed the system for two months now and trading in demo mode, I am going to open a separate live account exclusively for trading nanningbob 4 H system with a British broker.

kind regards
  • #896
  • Jan 12, 2010 8:05pm Jan 12, 2010 8:05pm
Quoting scottik187
thanks for that Bob - you certainly did have a good day.

From what I can see, most of your trades there came as secondary trades or simply from you seeing the trade within your system, rather than just taking primary trades...would I be right in saying that???
Some were secondary trades yes. My definition of a secondary trade is a trade that was previously a primary trade but has now double or tripled top or is showing divergance on a 4H chart (they are going into a head and shoulders pattern). To me they are just as good as a primary in fact they are usually better in that the move is usually bigger than the original primary trade. What I am going to do now is add to the system with straddle trades. I have taken my profit but just in case the trade continues to run I will stay in it or if it goes back to its previous entrance signal I will try to enter at its extreme. So we see how it goes.

One thing I am working on is an EA that will automatically move the SL up to 0 and then +10 on straddle trades and also will only trade once and quit. Once I get that EA written and working properly I want to start following the trend more with straddle trades using 4H and 1D S/R lines. Hopefully it will add to our profits. I like its potential anyway so I need a programmer to help me. I know how to change programs and make adjustments but I dont do fresh programming.
  • #897
  • Jan 13, 2010 5:15am Jan 13, 2010 5:15am
Quoting nanningbob
Interesting. The vote is 51 for 49 against. Even though I made over 200 pips yesterday, someone thought it was junk and voted against the method. Well, I will just keep making money here.
Bob, is the vote matters and give you a lot of $$$$$ ?
I am asking because I did not understand

To my opinion, my trading now more "safer" and profitable following your method. I need to admit I did not 100% follow since I like to combine fundamental news, TF5Min and surely, Nanningbob 4H....

I make consecutive profit in a row on Sept, Oct, Nov -- December not really since I hold a lot of minus because of euro but starting gain back right now.

And, this January I made few hundred dollars already.
Though votes not really a matter.... Cheers
  • #898
  • Jan 13, 2010 6:44am Jan 13, 2010 6:44am
Quoting nanningbob
Some were secondary trades yes. My definition of a secondary trade is a trade that was previously a primary trade but has now double or tripled top or is showing divergance on a 4H chart (they are going into a head and shoulders pattern). To me they are just as good as a primary in fact they are usually better in that the move is usually bigger than the original primary trade. What I am going to do now is add to the system with straddle trades. I have taken my profit but just in case the trade continues to run I will stay in it or if it goes back...
Today EUR/USD is a good example of a secondary trade setting up in my opinion. Higher high in price but lower low (divergence ) on RSI(8). I won't take this trade until the close of the next 4HR candle to confirm divergence .
Attached Image (click to enlarge)
Click to Enlarge Name: f.factory.gif Size: 24 KB
  • #899
  • Jan 13, 2010 6:50am Jan 13, 2010 6:50am
Quoting Toothman
Today EUR/USD is a good example of a secondary trade setting up in my opinion. Higher high in price but lower low (divergence ) on RSI(8). I won't take this trade until the close of the next 4HR candle to confirm divergence .
Great cause u have very good patient, just remind beware of 4h chart 200SMA @1.4600, this might very strong resistance level.

TipTop
  • #900
  • Jan 13, 2010 4:28pm Jan 13, 2010 4:28pm
Current positions:

gbp/usd: - 134, -4 (opened this to early. Looks like a great set up right now though).

eur/usd: +34 (straddle trade)

The trade I took on gbp/usd was an interesting one. I received the warning/notification that the 3x3 had crossed so I took the trade, however when it moved in the opposite direction the warning disappeared...thus I am in the red by a lot right now.

Do you guys wait until the end of the candle to make the trade?
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