Nanningbob 4h trading system ver. 5.0 | Page 82 | Forex Factory

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Nanningbob 4h trading system ver. 5.0

  • #1,621
  • Sep 9, 2010 4:07pm Sep 9, 2010 4:07pm
Nice sell setup...
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  • #1,622
  • Sep 9, 2010 5:28pm Sep 9, 2010 5:28pm
Quoting The7
Ok, so the only time we use EA#2 is when we miss EA#1.(Conditions for EA1 has met,price touched outer BB, but we missed it, so price or MA1 has moved outside the BB and conditions for #2 are in place) Do i get this right?
We use #2 when price goes outside the BB and you want to get it as it comes back inside. Normally price will retrace at that point and makes a good recovery on the #1 trade if you have one.
  • #1,623
  • Sep 9, 2010 5:29pm Sep 9, 2010 5:29pm
Sorry slept late wont have time to update. Had a half dozen profit trades and some more DD. Time for the Friday retracement specials.
  • #1,624
  • Sep 9, 2010 9:12pm Sep 9, 2010 9:12pm
I saw this on another thread. Looks like the party's over for us Bob.

A trader wrote to the CFTC, here is the answer:

(Quote)
"Below is an official clarification on the new CFTC regulations which I have received directly from the CFTC:

Dear Mr. XXXXXXXX,

Your email has been forwarded to me for response. In answer to your first question, in the year 2000, Congress amended Section 2(c)(2)(B) of the Commodity Exchange Act (7 USC 2(c)(2)(B)), setting out who is allowed to serve as a counterparty to a retail off-exchange forex transaction; these are often referred to as the “enumerated” or “eligible” counterparties. Among the eligible counterparties were affiliates of CFTC-registered FCMs and financial institutions (which includes foreign banks). It was through these two categories that off-shore entities were allowed to serve as counterparties.

However, two things have changed. First, in 2008, the Congress passed the Farm Bill, which directed the CFTC to register counterparties as either FCMs or Retail Foreign Exchange Dealers (RFEDs). The recently published final rules, which take effect on October 18, 2010, reflect this statutory mandate, so as of October 18th, foreign affiliates of US FCMs will no longer be able to offer to serve as counterparties to US retail customers unless they become registered with the CFTC as FCMs or RFEDs.

Second, although foreign banks are currently able to offer to serve as counterparties, the recently pass Wall Street Reform and Consumer Protection Act has once more amended Section 2(c)(2)(B) eliminating the provision permitting foreign banks to serve as counterparties. This change will be effective in July of 2011.

I realize this is a long answer, but the upshot is, if your “foreign broker” is an unregistered affiliate of an FCM, as of October 18th, it will either have to be registered as an RFED or FCM, or transfer accounts to someone who is. If your “foreign broker” was a foreign bank, it can continue to serve as a forex counterparty to US retail customers until July of next year. Security deposit/leverage rules will apply to all registered entities doing business with US retail customers.

I hope this proves helpful.

Sincerely,


William Penner
Deputy Director, Compliance and Registration
Division of Clearing and Intermediary Oversight
Commodity Futures Trading Commission
  • #1,625
  • Sep 9, 2010 9:30pm Sep 9, 2010 9:30pm
I just spoke to FX Sol UK. and they're still saying my UK account with them will not be effected by the new regulation. So I really don't know what to think.
  • #1,626
  • Sep 9, 2010 9:59pm Sep 9, 2010 9:59pm
Quoting Toothman
I just spoke to FX Sol UK. and they're still saying my UK account with them will not be effected by the new regulation. So I really don't know what to think.

Sounds like the US government who already has way to long of arms in our own personal free American business is stretching out to foreign affairs maybe over seas brokers will give them the finger....

I believe that the overseas brokers will find a way around all the US bull, at least I have faith.....
  • #1,627
  • Sep 9, 2010 10:28pm Sep 9, 2010 10:28pm
Quoting Toothman
I just spoke to FX Sol UK. and they're still saying my UK account with them will not be effected by the new regulation. So I really don't know what to think.
Spoke w/ FXCM as well as I go through ATC now and they notified me that there is nothing in the current interpretation YET!!!

They said it would probably be next summer to where we would see anything...
We are our own best indicator.
  • #1,628
  • Sep 9, 2010 11:16pm Sep 9, 2010 11:16pm
I have a L1 buy which is already near the top of the screen. So, I didn't mind putting a sell EA in the middle of the screen since it will just hedge my buy. Now the sell is near TP. lol.
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  • #1,629
  • Sep 9, 2010 11:28pm Sep 9, 2010 11:28pm
Hey NB,

Is there a pdf or a outline for the 1,1,3 recovery.


I thought I had read something to the effect.

Ad same lot size at 200 and 400 and 3x the size at 600 and cut your first order off at 600 and let the 200 400 and 3x at 600 ride back down.

Am I semi close?

thanks,,
  • #1,630
  • Sep 9, 2010 11:50pm Sep 9, 2010 11:50pm
Quoting bpips
Hey NB,

Is there a pdf or a outline for the 1,1,3 recovery.


I thought I had read something to the effect.

Ad same lot size at 200 and 400 and 3x the size at 600 and cut your first order off at 600 and let the 200 400 and 3x at 600 ride back down.

Am I semi close?

thanks,,
Except for real volatile pairs I usually cut my loss somewhere around 4-500 based on a higher time frame S/R line. I will go gbp/nzd 600 but not eur/usd. That is because I am reentering closer to 150-175 on many pairs. For example I might be 190 in the hole and set the #4 EA and it reenters on the cross at -165 instead of going to the BB. So where I cut trades is often based on how my reentries went. Another thing I am doing and trying out is now that I am trading .2 lots instead of .1 is I will kill .1 lot and still try to zero out the other .1 lot. It really has a lot to do with currency pair and market conditions. I have hung on the EUR/CHF for almost a month now mainly because it is at an all time low and I dont think it will stay there. The CHF is loaded with loans to these struggling countries also and it is only a matter of time before word gets out and the CHF will come back to reality.
  • #1,631
  • Sep 9, 2010 11:55pm Sep 9, 2010 11:55pm
Quoting nanningbob
Except for real volatile pairs I usually cut my loss somewhere around 4-500 based on a higher time frame S/R line. I will go gbp/nzd 600 but not eur/usd. That is because I am reentering closer to 150-175 on many pairs. For example I might be 190 in the hole and set the #4 EA and it reenters on the cross at -165 instead of going to the BB. So where I cut trades is often based on how my reentries went. Another thing I am doing and trying out is now that I am trading .2 lots instead of .1 is I will kill .1 lot and still try to zero out the other .1...
Ok thanks that makes since on the support/resistance lines always nice to get the bounce in your favor when trying to recoup..

thank you for the response..
  • #1,632
  • Sep 10, 2010 3:39am Sep 10, 2010 3:39am
I finally got out of my eurchf trade started last 19th of Aug, with small profits. Just keep believing!
  • #1,633
  • Sep 10, 2010 7:16am Sep 10, 2010 7:16am
Hi
Here is a present to Maxou888. The colour of the BB fit his new template. I can not write in Steve's forum but I think Max visit this place every day so he can pick up his present.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 BollingerBands.mq4   11 KB | 342 downloads
  • #1,634
  • Sep 10, 2010 7:19am Sep 10, 2010 7:19am
Quoting E2u
Hi
Here is a present to Maxou888. The colour of the BB fit his new template. I can not write in Steve's forum but I think Max visit this place every day so he can pick up his present.
how about sending him an mail? : )
Hero calls followed by margin calls...
  • #1,635
  • Sep 10, 2010 7:33am Sep 10, 2010 7:33am
Quoting PhAnTi'
how about sending him an mail? : )
I had no idea that it was possible to contact him. Every time I wanted to contact somebody and checked their profile it was no contact info. I did not check Maxou and his profile.
  • #1,636
  • Sep 10, 2010 7:47am Sep 10, 2010 7:47am
Quoting E2u
I had no idea that it was possible to contact him. Every time I wanted to contact somebody and checked their profile it was no contact info. I did not check Maxou and his profile.
go to his profile and then on the bottom is a button called ''send message''

best regards
Hero calls followed by margin calls...
  • #1,637
  • Sep 10, 2010 8:19am Sep 10, 2010 8:19am
Quoting PhAnTi'
go to his profile and then on the bottom is a button called ''send message''

best regards
Thanks man I have done it
  • #1,638
  • Sep 10, 2010 8:48am Sep 10, 2010 8:48am
Quoting E2u
Thanks man I have done it
you're welcome buddy
Hero calls followed by margin calls...
  • #1,639
  • Sep 10, 2010 9:32am Sep 10, 2010 9:32am
I'm really sorry to be a pest. I used to trade the EA for this system about 1 year ago (when it was called the 100 x 80 i think). I gave up on it due to some other commitments. I am now back and want to start using it. I have scoured the FF forums and I am very confused as there are lots of bits and peices all over the place. I am guessing the EAs are at the first post in this thread. I also understand this is a semi automatic system - so where can i find the manual and anything else, including the latest updates, i may need?

Kind regards
  • #1,640
  • Sep 10, 2010 9:38am Sep 10, 2010 9:38am
Quoting Viv108
I'm really sorry to be a pest. I used to trade the EA for this system about 1 year ago (when it was called the 100 x 80 i think). I gave up on it due to some other commitments. I am now back and want to start using it. I have scoured the FF forums and I am very confused as there are lots of bits and peices all over the place. I am guessing the EAs are at the first post in this thread. I also understand this is a semi automatic system - so where can i find the manual and anything else, including the latest updates, i may need?

Kind regards
go to post 1... 5.2 A and B and the other zip file..all you need is in there...start reading 5.2 A..then 5.2 B...

no more need to say : )
gl!
Hero calls followed by margin calls...
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