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Nanningbob 4h trading system ver. 5.0

  • #1,721
  • Sep 13, 2010 12:35am Sep 13, 2010 12:35am
this is how it should look like

best regards Phanti
Attached Image
Hero calls followed by margin calls...
  • #1,722
  • Sep 13, 2010 12:35am Sep 13, 2010 12:35am
Hello fellow traders,

I am totally new to this system.I was trying to find the rules of the system in thread.I am not able to find one.Do we need to use EA to trade this method ? or can we do it manaully.

If someone update the entry,exit TP and SL will be very much appriciated.

thanks
Kumar
Dragon the best Indicator
  • #1,723
  • Sep 13, 2010 12:38am Sep 13, 2010 12:38am
Quote
Do we need to use EA to trade this method ? or can we do it manaully.

no we don't
check out http://www.forexfactory.com/showpost...38&postcount=1
download the 3 zip files...all you need will be in it ; )
start reading 5.2 A,then keep going and read 5.2B

good luck and happy trading

best regards Phanti
Hero calls followed by margin calls...
  • #1,724
  • Sep 13, 2010 12:49am Sep 13, 2010 12:49am
Sooo coooolll...

just closed my EURNZD trades at BE after having been down 889 pips this morning (in total, agreed, sorry BOB )

Love it!
"The only successful substitute for brains is silence."
  • #1,725
  • Sep 13, 2010 12:53am Sep 13, 2010 12:53am
Quoting DXTrade
Sooo coooolll...

just closed my EURNZD trades at BE after having been down 889 pips this morning (in total, agreed, sorry BOB )

Love it!
i give it 50 more pips : )
Hero calls followed by margin calls...
  • #1,726
  • Sep 13, 2010 12:56am Sep 13, 2010 12:56am
Quoting nanningbob
Check the lot size. They are set at .01 and some brokers dont have .01 as a lot. Change it to .10 and see what happens.
I tried this most recently but it did not work.
  • #1,727
  • Sep 13, 2010 12:59am Sep 13, 2010 12:59am
Quoting Jet_FX
If you have the X in the upper right then you need to go to Tools / options / experts advisors and click on all the boxes on the left side. That one got me last week
This sounds like the solution....I will try it as soon as I get home and post back.

Cheers.
  • #1,728
  • Sep 13, 2010 1:06am Sep 13, 2010 1:06am
Quoting Shaun MP
I tried this most recently but it did not work.
Shaun start some EAs on the pairs and send me a screenshot fo your chart and a copy of your ''journal'' please for further help

best regards Phanti
Hero calls followed by margin calls...
  • #1,729
  • Sep 13, 2010 3:41am Sep 13, 2010 3:41am
thank you very much..I will start reading and come back will charts and questions.

can this be used on 15M charts for quick scalping ? or it is strictly designed for 4H ?

Regards
Kumar

Quoting PhAnTi'
no we don't
check out http://www.forexfactory.com/showpost...38&postcount=1
download the 3 zip files...all you need will be in it ; )
start reading 5.2 A,then keep going and read 5.2B

good luck and happy trading

best regards Phanti
Dragon the best Indicator
  • #1,730
  • Sep 13, 2010 3:49am Sep 13, 2010 3:49am
Quoting mg_vinodkuma
thank you very much..I will start reading and come back will charts and questions.

can this be used on 15M charts for quick scalping ? or it is strictly designed for 4H ?

Regards
Kumar
please don't use it for M15...it's based on H4 chart...Bob developed it for that...
tough some members say you can also use it for m15 and m30..
H1 and D1 are for support..

please stick to the h4 frame!

best regards Phanti
Hero calls followed by margin calls...
  • #1,731
  • Sep 13, 2010 3:51am Sep 13, 2010 3:51am
Quoting mg_vinodkuma
thank you very much..I will start reading and come back will charts and questions.

can this be used on 15M charts for quick scalping ? or it is strictly designed for 4H ?

Regards
Kumar
You are heading for trouble here if you continue to ask questions that show you have not done the reading.

Now stop asking irritating and idiotic questions. Stop being lazy. Do some work. You cannot trade forex without a ridiculous amount of effort on your part. If you are too lazy and dim to even read post 1 of a thread like this, then you are far too lazy and dim to trade.

Do some work and come back afterwards, or we will stop being gentle with you and start replying with what we are actually thinking.

  • #1,732
  • Sep 13, 2010 3:59am Sep 13, 2010 3:59am
"The euro extended the day's gains to rise more than 1 percent against the dollar on Monday, topping its 55-day moving average for the first time in a week as upbeat Chinese data and an agreement on new banking rules boosted investor sentiment."

I dont want to sound stupid but what the crap does Chinese data have to do with the eur/usd? My second question is, who in the world uses a 55 day moving average anyway? I love these guys who post fundamentals and refer to indicators and then expect some newbie to understand. I am not a newbie and I dont understand this one.

Oh by the way I slapped a #2 Sell EA on there just for the heck of it
  • #1,733
  • Sep 13, 2010 4:03am Sep 13, 2010 4:03am
Quoting nanningbob
[color=DarkRed]"The euro extended the day's gains to rise more than 1 percent against the dollar on Monday, topping its 55-day moving average for the first time in a week as upbeat Chinese data and an agreement on new banking rules boosted investor sentiment."

[color=Black]I dont want to sound stupid but what the crap does Chinese data have to do with the eur/usd? My second question is, who in the world uses a 55 day moving average anyway? I love these guys who post fundamentals and refer to indicators and then expect some newbie to understand....
cheesecake doesn't taste like cheese....m
Hero calls followed by margin calls...
  • #1,734
  • Sep 13, 2010 4:04am Sep 13, 2010 4:04am
Egads here is another one. After reading this analysis I am going to do .................. ahhhhhhhhhhh ................. ummmmmmmmmmm ............ what did he say????

"The event risk over the weekend (as I mentioned last week) wasn’t the Basel III non-event, but instead the now realized danger of better Chinese data. This release, which was better as noted, was just enough to keep the impetus un the “risk on” trade still buoyant. With equities now higher and the various Asian indices looking healthy overnight the S&P is now through that 1115 level and will probably look to climb the elusive heights towards 1130/45 as many technicians look for more bullish play. What this means is that we’re likely to now see 1100 work as intermediate support while the market figures out how to proceed next."
  • #1,735
  • Sep 13, 2010 4:12am Sep 13, 2010 4:12am
maybe they just wanna sound like experts to promote for Forex blahblah and get new clients : P
don't know...
curious thing with those china data released this weekend...

who cares...snapped 30 pips EURUSD : D
Hero calls followed by margin calls...
  • #1,736
  • Sep 13, 2010 4:18am Sep 13, 2010 4:18am
Here is a fundamental trader that is covering his bases, He comes out with a strong NZD weakness statement but then adds ........................ Anyway no matter what the NZD does he comes out smelling like a rose and he will tell you ............. trade those fundamentals. I added the numbers to show his multiple positions.

" New Zealand will record slower economic growth this quarter due to lost output following its worst earthquake in 80 years, the Treasury Department said. 1. The impact will probably trim about 0.4 percentage point off growth, although 2. one scenario projects it to be double that, the department said in a report on its website today. 3. Recovery and repair work are likely to offset the decline and result in stronger growth in the year through June, it said."
  • #1,737
  • Sep 13, 2010 4:26am Sep 13, 2010 4:26am
Quote
The impact will probably trim about 0.4 percentage point off growth

lol no i think it will be probably 0.4113 ....

sounds like a weather forecast telling us maybe it will rain tomorrow and maybe there will be some snow and sun....and temperature will be from 10 to 27 °C....
Hero calls followed by margin calls...
  • #1,738
  • Sep 13, 2010 4:32am Sep 13, 2010 4:32am
thanks for your advise Steve.
I will get back once i read the documents and with charts.


Quoting SteveHopwood
You are heading for trouble here if you continue to ask questions that show you have not done the reading.

Now stop asking irritating and idiotic questions. Stop being lazy. Do some work. You cannot trade forex without a ridiculous amount of effort on your part. If you are too lazy and dim to even read post 1 of a thread like this, then you are far too lazy and dim to trade.

Do some work and come back afterwards, or we will stop being gentle with you and start replying with what we are actually thinking.

Dragon the best Indicator
  • #1,739
  • Sep 13, 2010 4:41am Sep 13, 2010 4:41am
Quoting nanningbob
Oh by the way I slapped a #2 Sell EA on there just for the heck of it


Fantastic. Another Priceless Pearl from Sir Bob of Nanning.

  • #1,740
  • Sep 13, 2010 4:56am Sep 13, 2010 4:56am
Quoting nanningbob
Here is a fundamental trader that is covering his bases, He comes out with a strong NZD weakness statement but then adds ........................ Anyway no matter what the NZD does he comes out smelling like a rose and he will tell you ............. trade those fundamentals. I added the numbers to show his multiple positions.
[color=DarkRed]
"...
Yes, there is a whole industry out there of so called 'experts' who fit an explanation after the fact -

"The current weakness in the NOK is largely due to the increase in demand for chocolate in the Middle East .... "

Basically this industry is full of bull$hit ...
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