Nanningbob 4h trading system ver. 5.0

I use just one template since which i rearranged to fit my style. does it make any difference?

Im right there with you ZR. I'm long and sitting in dd but I think I just jumped in early.

But I am comfortable with the 242 recovery if it goes real bad...

if you want to use the #2 EA for examlpe it makes difference when u use the #2 Buy/sell template,cause EA can set trades better than with a standard tpl.

EA #4 needs another indicator for example which does the tpl for #4 EA have and another tpl doesn't etc...

Not sure if steve is here or there is another forum for his indicators.

I put on a #4 sell template twice and both times it triggered a entry right away.

Im not sure if Im doing this wrong but I though that #4 sell 1x3 should only trigger when the ma's cross? My #1 and #2 are working just fine its only a problem with #4 and I can't seem to find an update....

Any help is appreciated...

on the same trade but actually hoping in some kind of separation from BB: #7 some times enters late but..we'll see, this strategy is amazing!!!

Why is this house so quiet? I guess the CHF pairs are not doing us any good at the moment. Well, cheer up guys. Lets post the charts and keep the analysis coming. What goes down must go up, it doesnt matter how long

why you use #7 EA? .... would take the #2 Sell buddy...

looks like a spike....i wouldn't entry in this situation...tough RWB are above 85 it can even go up cause of spike...wait for a little bearish trend buddy : )...

#4 enters whenver price is above the BB like the #1 does. This should be a #2 or #7 EA I would choose a 2.

I overslept so cant spend time here sorry, very simple day lots of trades just starting or ready to start. Beginning to hate the CHF.
RESULTS
gbp/jpy +25
eur/nzd +25
Eur/jpy +45


currency pair and EA for now (you can figure out if it is a buy or sell)
I did not update this from Monday. Sorry.

aud/nzd 1
cad/chf 4
chf/jpy 1
eur/aud 3
eur/ chf 1
eur/jpy 1
eur/usd 1
gbp/chf 1
gbp/jpy 1
gbp/usd 1
nzd/cad 1
NZD trades the RWB looks much better now.
usd/cad 1
usd/chf 1

STILL IN
aud/cad -160 -9
aud/nzd -106
cad/chf -403 L2 -324 3L -32
eur/chf -351 -114
Eur/gbp -9
gbp/jpy -72
gbp/usd -10
nzd/chf -18
nzd/usd 0
usd/chf -54
usd/jpy -9


TOTALS
total for day +95
for the week +546
for the month + 4602
Carry over - 1672

I will divide currency pairs into four major groups based on their percentage of times they will move over 300 pips in one week. Here are the 4 groups:

1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY
b. This group if you trade them you will want to use a reentery of 250 pips plus. This will be explained later in the 2.4.2 recovery system.
2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY
b. This group if you trade them you will want to use a reentery of 200 pips.
3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,
b. This group if you trade them you will want to use a reentry of 150-200 pips.
4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP
b.This group if you trade them you will want to use a reentry of 150[/quote]

Hopefully Thursday and Friday, could afford a retrace

Do you have BUY or SELL CHF trades ?

Long on EurChf, CadChf and UsdChf ... about 400pip overall

So, basically you are short CHF.

Regardless of this system the Swiss Franc is a safe haven these days for non risk aversion. When there is uncertainty around USD, EUR and JPY then traders and financial institutions will run for the CHF in leaps and bounds. Ofcourse this wont continue but it may well continue long enough for a retail trader to suffer huge drawdowns until a turn around occurs. But even then the price maynot return to your initial entry points.

When it comes to financial matters then the Swiss tend to be pretty savy.

The markets are vey slow at the moment because of risk for USD and waiting to see what Japan will do regarding the YEN.

Scoobs.

Did you guys see this? Looks like all that work to set up UK broker was a waste of time for me. Interbank FX Supports CFTC Final Rules Regarding Retail Forex Transactions

August 31, 2010
by Abigail DeGraff
As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced today final regulations regarding off-exchange retail foreign currency transactions. These rules are supported by Interbank FX, LLC, in providing an enhanced regulatory environment that will help protect retail forex investors and will also create a level playing field for all rules and regulations within the United States.
The new rules will impact thousands of U.S. customers with millions of dollars invested in overseas brokers. Beginning October 18, 2010, overseas brokers will no longer be able to service U.S. customers. These rules ensure U.S. customers will receive the protections afforded by U.S. regulations. Interbank FX has invested significant resources to make our trading platform, MetaTrader 4 (MT4) US compliant for newly passed FIFO rules by the National Futures Association (NFA). We believe we have one of the only NFA/CFTC compliant MetaTrader 4 platforms available. We allow all types of trading and all types of Expert Advisors to trade on our platform.
Interbank FX has continually supported the original Farm Bill of 2008, allowing the CFTC more authority over forex dealers. Because of this, we’ve foreseen such potential CFTC regulation changes, paving the way for our U.S. entity to be equipped with efficient operations, technology and overall transaction transparency to serve our growing customer base. For over two years, we’ve mandated all US solicitors and Money Managers to be registered with the CFTC and members of the NFA, anticipating the changes in the regulatory framework that have been published today.
In addition, we believe the CFTC has reached a reasonable compromise with the Forex Dealer Coalition (FXDC) regarding leverage requirements--making 50:1 leverage available to all U.S. customers. This compromise on leverage, as opposed to 10:1 in the proposed rules, allows the United States forex community to remain competitive with global opponents.
We consider these rules to be in the best interest of our customers, and incessantly strive to improve industry standards while accommodating customer expectations. That’s how we do business. That’s our culture. That’s our technology.
Interbank FX looks forward to continuing to provide a transparent and open trading environment for all our customers.For more information on our transparency metrics, please view our report card here.
To view the official CFTC release, click here.
Questions and Answers Regarding Final Retail Foreign Exchange Rule, click here.
The IBFX Family

I think the UK office was BS to lead us around. If you search FSA IBFX you will only see a very negative warning from FSA dated OCtober 2009 warning people regarding IBFX. I had their newsletter the other day stating that they are opening Australia office in September. I sent them a message asking them if and when I can transfer my account to the Australian Subsidiary. All I got was a one line reply asking me to look out for announcements, more BS if you ask me to lead us around for another year. It is a shame as Bob says they had became a decent broker (compared to other criminals), but it seems they see more profit by not being straight forward with their clients. It is SOlUK and forex.com for me, sad to say I think I will close my account with them very soon especially with their FIFO rule.

Kind Regards

The conventional wisdom says do not try to guess the end of the trend. This is very much true with any system. With Bob`s system we are trying to identify the end of the trend and few times a month we are not correct in this endeavor.

HOWEVER and IMHO this is a crucial point, what distinguishes Bob`s system is that he accepts and predicts this fact and through his observations of the markets he predicts that between the point of entry and continuation of the trend there is always a big enough retrace for the 2-4-2 or 1-1-3-3 recovery to achieve the BE or even a small profit. IMHO if you miss the recovery trade you are better off to close for a loss (BOB, please correct me if I am wrong). The recovery is what makes this system profitable, otherwise it would be like other systems whereby the losing trades more than outweigh the profit trades. Again (BOB) please correct me if I am wrong and or please comment on this further.

Kind Regards

I'm with FX Sol UK. I was just showing what IBFX says will happen to all US citizens with offshore accounts. I'll be calling my broker tomorrow to get the official word but it looks like I'll be forced back to the US. Thank you Barney Frank. You not only helped bring on the housing collapse, you're screwing up forex too.