"...It is said that up to 90% of traders are on the losing side of the market. So perhaps many of these traders already have the prefect system to become very successful. Trade in the opposite direction to what their intuitive urge to trade tells them!
…The army puts great effort into training their men. This training is not only designed to keep the men fit and to maintain discipline, but is designed around drills and procedures learned by rote...In times of extreme stress which is encountered in battle (Trading in your case) the soldier is then equipped to handle this stress, ensuring a correct response, suppressing fear and excitement and allowing him to act correctly...This is of course very easy to say, but very difficult to put into practice.
...The herd will panic after substantial falls and start to sell usually on bad news...The herd will at some time after substantial rises as seen in a bull market become annoyed at missing out on the up-move and will rush in and buy, usually on good news...A professional trader isolates himself from the herd...When the market is being shaken-out on bad news he is in there buying. When the Herd is buying and the news is good he is selling..."
(Extracts from Master the Markets by Tom Williams)
Hi
Welcome to NANNINGBOB Study Club. I am one of Bob’s Students and have been trading his system live since March. This thread has been started for Bob’s students / traders to discuss issues concerning current and potential trades (both technical and fundamental), thus removing some of the clutter from the Bob’s thread in order to lessen some of the burden in order for him to be able to devote more resources to teaching and further development of his system. It is our hope that other Gurus of FF (e.g. Scoobs, Stevehopwood, Macman and many more experienced traders / professors) honour us with their wisdom, perspective and wisdom from time to time.
If you have arrived here via search and have not heard of NanningBOB you need to visit Nanningbob 4h trading system ver. 5.0 at http://www.forexfactory.com/showthread.php?t=246113 first. Please download all three zip files and then read all of the word document files thoroughly. You need to read all of that thread and also visit it regularly. As the title of this thread states this is the study club, the lecture room is the Nanningbob 4h trading system ver. 5.0 at http://www.forexfactory.com/showthread.php?t=246113 …
If you have the ability to open your mind to new concepts and to challenge the conventional wisdom then Bob’s revolutionary system can change your trading life for ever. At first you may be shocked and have a feeling of disbelief by what the system entails. It is basically a COUNTER TREND SYSTEM (first shock: Trend is not your friend) with no STOP LOSS (second shock: Stop Loss is a loser) and a multi level entry system (third shock: what Martingale is doomed). Oversold / overbought areas are identified by using a combination of conventional and unique indicators and a trade is entered using variety of expert advisors (created specifically for this system) is used for Counter Trend Entry. If the price reversal takes place the trade is closed for profit. If the price reversal does not take place then recovery system is triggered.
You have to read the main thread for the rest and if you have the ability of grasping the concepts behind the system then you are lucky enough to join us as student traders who are finally making some PROFIT trading forex.
Kind Regards and best of luck…
…The army puts great effort into training their men. This training is not only designed to keep the men fit and to maintain discipline, but is designed around drills and procedures learned by rote...In times of extreme stress which is encountered in battle (Trading in your case) the soldier is then equipped to handle this stress, ensuring a correct response, suppressing fear and excitement and allowing him to act correctly...This is of course very easy to say, but very difficult to put into practice.
...The herd will panic after substantial falls and start to sell usually on bad news...The herd will at some time after substantial rises as seen in a bull market become annoyed at missing out on the up-move and will rush in and buy, usually on good news...A professional trader isolates himself from the herd...When the market is being shaken-out on bad news he is in there buying. When the Herd is buying and the news is good he is selling..."
(Extracts from Master the Markets by Tom Williams)
Hi
Welcome to NANNINGBOB Study Club. I am one of Bob’s Students and have been trading his system live since March. This thread has been started for Bob’s students / traders to discuss issues concerning current and potential trades (both technical and fundamental), thus removing some of the clutter from the Bob’s thread in order to lessen some of the burden in order for him to be able to devote more resources to teaching and further development of his system. It is our hope that other Gurus of FF (e.g. Scoobs, Stevehopwood, Macman and many more experienced traders / professors) honour us with their wisdom, perspective and wisdom from time to time.
If you have arrived here via search and have not heard of NanningBOB you need to visit Nanningbob 4h trading system ver. 5.0 at http://www.forexfactory.com/showthread.php?t=246113 first. Please download all three zip files and then read all of the word document files thoroughly. You need to read all of that thread and also visit it regularly. As the title of this thread states this is the study club, the lecture room is the Nanningbob 4h trading system ver. 5.0 at http://www.forexfactory.com/showthread.php?t=246113 …
If you have the ability to open your mind to new concepts and to challenge the conventional wisdom then Bob’s revolutionary system can change your trading life for ever. At first you may be shocked and have a feeling of disbelief by what the system entails. It is basically a COUNTER TREND SYSTEM (first shock: Trend is not your friend) with no STOP LOSS (second shock: Stop Loss is a loser) and a multi level entry system (third shock: what Martingale is doomed). Oversold / overbought areas are identified by using a combination of conventional and unique indicators and a trade is entered using variety of expert advisors (created specifically for this system) is used for Counter Trend Entry. If the price reversal takes place the trade is closed for profit. If the price reversal does not take place then recovery system is triggered.
You have to read the main thread for the rest and if you have the ability of grasping the concepts behind the system then you are lucky enough to join us as student traders who are finally making some PROFIT trading forex.
Kind Regards and best of luck…
