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Nanningbob 4H trading system

  • #1,501
  • May 2, 2010 1:39am May 2, 2010 1:39am
Hi Bob,

Some time I find that the price goes below or above the gold line, how do you deal with this kind of situation, as you have mentioned that one should try to enter when the price is near the gold line area.

Regards

Unimak
  • #1,502
  • May 2, 2010 3:10am May 2, 2010 3:10am
Quoting Patreze
Bob are You absolutely sure that You are in People's Republic of China and not in some sort of rotten capitalist state? What would say Marx or Engels to this
I dont consider China Communist anymore, more like a one party controlled country. Each generation is trying to make improvements and over time they are getting there. Still too many people though, I miss being able to go somewhere where there is peace and quiet. No people. Even on top of the mountains here there are people. 1.3 Billion unfathomable number.
  • #1,503
  • May 2, 2010 3:14am May 2, 2010 3:14am
Quoting unimak
Hi Bob,

Some time I find that the price goes below or above the gold line, how do you deal with this kind of situation, as you have mentioned that one should try to enter when the price is near the gold line area.

Regards

Unimak
That's what the EAs are for. You turn them on and let them enter. Manual trading I will take that R/S outside the gold line. Seems pretty safe to me but like all Forex trading nothing is 100%. I just think this system will put you in a solid trade more than 70-80% of the time. Manage that other 20-30% well and your a successful trader. That is how I look at it anyway.

Time for dinner and my last shot at that all you can eat seafood buffet. Man I am going to gain 10 pounds here.
  • #1,504
  • May 2, 2010 3:21am May 2, 2010 3:21am
I quite like the trades outside the gold lines at s/r - took a couple nice ones on friday, hopefully they will gap in my direction and make for a good start to the week.
  • #1,505
  • May 2, 2010 8:50am May 2, 2010 8:50am
Hi,
as we're talking about entries I'm using 3 different systems. First using 66cross but often enters very late missing a lot a the move. Since a few days now i'v been using pending orders. As soon as i see RWB lines bunch up together i place pending orders either underabove the last candle's lowhigh, or on the gold line, and i'll be moving the orders at each new candle if no trade has started. What do you think about that?
I'm also interested in how you guys enter a s/r lines. Could you post some pics please?

Time to prepare the trading week, I hope the gaps will help me with my dd...

Wishing you all the best of luck for new month of may!
  • #1,506
  • May 2, 2010 6:07pm May 2, 2010 6:07pm
ok one more question bob does this work only in the 4h time period or will it work for 1 h time period as well ??, coz i think u get very less trade in 4h time period on a daily basis, correct me if i am wrong

unimak
  • #1,507
  • May 2, 2010 6:43pm May 2, 2010 6:43pm
Quoting unimak
ok one more question bob does this work only in the 4h time period or will it work for 1 h time period as well ??, coz i think u get very less trade in 4h time period on a daily basis, correct me if i am wrong

unimak
In my opinion the 4hr trade timeframe is the best. Bob gives quite a good reason for this in his book.

Personally, I don't care about the volume of trades I make, I care more about the win % of the trades I take...and this system (I'm using a combination of 2nd and 3rd systems) takes maybe 1-4 trades per day...depending on how things line up. Sometime I won't make a trade, as i am quite a conservative trader.

What I really like about this system is that I grabs big moves, 100+ pips is easy to take.
  • #1,508
  • May 2, 2010 11:10pm May 2, 2010 11:10pm
Primary trades today

sold njpy and acad

njpy 68.39 sold

acad 93.90

hope i am in the right track

Those who are experienced with this system please confirm


unimak
  • #1,509
  • May 2, 2010 11:30pm May 2, 2010 11:30pm
Sorry for the complete Noob question, but I've opened almost every zip folder from the paper clip, and I cannot see a "Profiles" folder that Bob refers to in his loading instructions. Any help, please?

Bruce
  • #1,510
  • May 3, 2010 1:01am May 3, 2010 1:01am
nanningbob, I really like your new version with the lines. You come closer and closer to my BWILC style.

Well anyway a question: You use different volatile pairs. I guess you don't use this 200 pips spacing for the EUR/GBP as well as for the EUR/NZD?
  • #1,511
  • May 3, 2010 1:09am May 3, 2010 1:09am
Quoting PipsNow
Sorry for the complete Noob question, but I've opened almost every zip folder from the paper clip, and I cannot see a "Profiles" folder that Bob refers to in his loading instructions. Any help, please?

Bruce
LOL there was a time I didnt know that either. You are looking for that in your computer. Go to C: , then program files, then IBFX, then profiles and put the profiles there. This new system I didnt post a profile you must do that yourself. Choose what currencies you want to trade, set up your screens then save your profile.

On MT4 go to file in the upper left hand corner, then profiles, give a name and save it. I also save my setting under default so I save it under two names. SOmetimes when an update comes down it messes up my profiles, so the one I use the most is named and also is set up as my default.
  • #1,512
  • May 3, 2010 1:40am May 3, 2010 1:40am
AUD/NZD Buy looks pretty good to me right now.

Interest rates are expected to go up in Aus tomorrow, which is usually good news for the Aussie Dollar.
  • #1,513
  • May 3, 2010 1:45am May 3, 2010 1:45am
Quoting unimak
Primary trades today

sold njpy and acad

njpy 68.39 sold

acad 93.90

hope i am in the right track

Those who are experienced with this system please confirm


unimak
I dont think the nzd/jpy trade really qualifies using the system (nzd/usd would have been better), but the aud/cad trade qualifies imo.
  • #1,514
  • Edited 8:39pm May 3, 2010 6:35am | Edited 8:39pm
PRIMARY TRADES

SELL:
audcad +5

BUY:
audnzd -14
gbpnzd -10


SECONDARY/OTHER TRADES

SELL:
eurcad +50

BUY:
gbpchf +10 (RWB lines close to bottom, pair has been ranging for a while)
gbpjpy +35 (W line close to bottom, expecting reversal)
gbpusd +10 (W line close to bottom, expecting reversal)
usdjpy +51 (WB lines close to bottom, expecting reversal. Also, this pair has been in uptrend for several days)
  • #1,515
  • May 3, 2010 8:18am May 3, 2010 8:18am
I am wondering below secondary/other trades are the "secondary" trade defined by Bob. The secondary trade is referring to Red is not aligned well with BW, but the trade should be taken from below/above sixth line, right?

Quoting silv3r4sh
PRIMARY TRADES

SELL:
audcad +5

BUY:
audnzd -14
gbpnzd -10


SECONDARY/OTHER TRADES

SELL:
eurcad +50

BUY:
gbpchf +10
gbpjpy +35
gbpusd +10
usdjpy +51
  • #1,516
  • May 3, 2010 10:10am May 3, 2010 10:10am
Quoting silv3r4sh
PRIMARY TRADES

SELL:
audcad +5
I'm in this trade too, entered at .9412 (the gold line). Looks good so far. Bob missed it cause he's too busy eating seafood to notice.

Regardless of Bob's 2.4.2 system, I'm staying away from all NZD pairs until I see a trendline break. I don't believe in trying to catch a falling knife, or in this case, a rising star

OTOH, There is so much negative publicity about the Euro, I'm thinking it might be time to buy soon. Only problem is that long term support is around 1.24, so we might still have a ways to go. I'll wait for the chart to tell me.
Disregard all prognostications.
  • #1,517
  • May 3, 2010 10:16am May 3, 2010 10:16am
Quoting henryloving
I am wondering below secondary/other trades are the "secondary" trade defined by Bob. The secondary trade is referring to Red is not aligned well with BW, but the trade should be taken from below/above sixth line, right?
My reading of Bob's system is that the secondary trades are more based off of hitting previous support / resistance than they are off the 6x6 lines. However, I looked at Silverfish's trades on my charts, and they do seem to be in the middle where we usually stay away from. But since they are labeled "other" he might have additional criteria / plan that he is using.

Any comments fish?
Disregard all prognostications.
  • #1,518
  • Edited 11:07am May 3, 2010 10:23am | Edited 11:07am
Well, well, well. Still deeeeep in DD. My balance is near 3000$ and my DD near 1600$, trading 0,1 lots. I'm in trouble because of 4 NZD pairs. Still no retracements ahead. I used to make 200 pips on average every day before the € crisis. I'm still holding on those 3 level recovery trades (if I close them, I lose 2/3 of my balance!). I'm glad I'm not trading live. If this kind of heavy trends with no retracements occur every month, I will definitly change system. I really don't need a heart-attack.
But I still really want to believe in Bob's system. Maybe I just started in a bad month and shouldn't have traded €nzd and Łnzd in the first place, like Bob said!
  • #1,519
  • Edited 12:41pm May 3, 2010 12:10pm | Edited 12:41pm
Hi All,

interesting system using great indicators.

I am confused though as I have put in dozen's of systems into my MT4, but for some reason, this thread is in another language to me?

Is there a central (updated) location for indicators, templates, book for explanation etc..??

I have gone through quickly most of the thread and I end up more confused as I peruse...

I have downloaded NB H4, but I saw a Vs. 3? I am sure it is just my brain cells not firing, but can someone please inform me which is the system to trade, what indicators, and the magical booklet??

Bob, could you update the first thread to include the latest and greatest? I think that would help new people to this thread. It looks like a great system, but hard to decide if I can't get the system set up within a reasonable amount of time to evaluate. Seems like I have everything, but I guess confused now on RSI mentioned in one of the documents, but no script to match? Settings??

Thanks,

Blue
We are our own best indicator.
  • #1,520
  • May 3, 2010 4:27pm May 3, 2010 4:27pm
Quoting bluemele
Hi All,

interesting system using great indicators.

I am confused though as I have put in dozen's of systems into my MT4, but for some reason, this thread is in another language to me?

Is there a central (updated) location for indicators, templates, book for explanation etc..??

I have gone through quickly most of the thread and I end up more confused as I peruse...

I have downloaded NB H4, but I saw a Vs. 3?...
Page 1 Post 1 2nd sentence:

I have posted the 4th editon Page. 93 post 1394. 977 people download the 2nd edition. We actally never posted version 3 because version 4 popped up very quickly so we went straigh to that one.

There is a 30 page book explaining the system in detail. Everything else is a discussion of that and variations.
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