NanningBob Study Club | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Nanningbob 60x90 EA 3,920 replies

Emacsen Study, Study, Study 0 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Attachments: NanningBob Study Club
Exit Attachments

NanningBob Study Club

  • #321
  • Sep 16, 2010 11:55am Sep 16, 2010 11:55am
Quoting bluemele
Are you guys limiting your currencies traded by spreads at all?

Spreads at one of my brokers is absolute crap on some currencies so if it is over 12, I don't do them...

Just curious on what you guys do...
spread maximum of 8...otherwise i don't trade pairs
Hero calls followed by margin calls...
  • #322
  • Sep 16, 2010 12:00pm Sep 16, 2010 12:00pm
Quoting bluemele
Are you guys limiting your currencies traded by spreads at all?

Spreads at one of my brokers is absolute crap on some currencies so if it is over 12, I don't do them...

Just curious on what you guys do...
My two biggest are 12 on AUDNZD and 15 on EURNZD. The other NZD's at 7 or less.

For me (no expert) if the setup is really strong then it is worth a shot. So not taking chances with a weak RWD or below gold. We know what happened with EURNZD this week. After going in the hole and struggling to get out it is now up 600 pips. What is 15 pips on a move like this (if we can get at the right time of course
  • #323
  • Sep 16, 2010 12:10pm Sep 16, 2010 12:10pm
Quoting Zr-fx
My two biggest are 12 on AUDNZD and 15 on EURNZD. The other NZD's at 7 or less.

For me (no expert) if the setup is really strong then it is worth a shot. So not taking chances with a weak RWD or below gold. We know what happened with EURNZD this week. After going in the hole and struggling to get out it is now up 600 pips. What is 15 pips on a move like this (if we can get at the right time of course
yeah but no chance for scalping^^
Hero calls followed by margin calls...
  • #324
  • Sep 16, 2010 12:18pm Sep 16, 2010 12:18pm
Two questions for the class:

1-EURCHF is now well outside the BB and well above Gold. Also RWD all very high above 85. Non of the normal EAs apply in this case (I think). Would you take it manually? (Actually I did and now it is +30 pips)

2-XXXJPY pairs all showing good setups. Given the JPY and BOJ situation would you take them? Last night I took AUDJPY and NZDJPY and made profit on both but tonight I have not risked it.
  • #325
  • Sep 16, 2010 12:21pm Sep 16, 2010 12:21pm
Quoting Zr-fx
Two questions for the class:

1-EURCHF is now well outside the BB and well above Gold. Also RWD all very high above 85. Non of the normal EAs apply in this case (I think). Would you take it manually? (Actually I did and now it is +30 pips)

2-XXXJPY pairs all showing good setups. Given the JPY and BOJ situation would you take them? Last night I took AUDJPY and NZDJPY and made profit on both but tonight I have not risked it.
If i were risking my own real money then i would leave the XXXJPY pairs until Monday.

However, i dont expect any more intervention this week.

Scoobs.
  • #326
  • Sep 16, 2010 1:26pm Sep 16, 2010 1:26pm
Quoting scooby-doo
If i were risking my own real money then i would leave the XXXJPY pairs until Monday.

However, i dont expect any more intervention this week.

Scoobs.
Thanks Scoobs.
  • #327
  • Sep 16, 2010 1:35pm Sep 16, 2010 1:35pm
Quoting Zr-fx
Thanks Scoobs.
If you look at this 4H chart of GBPJPY then you will see that the BULLS clearly still have control of the market.

So, at the moment selling is not a good idea unless you dont mind some negative DD before a potential retrace.

Now look at the 1D chart of GBPJPY and you will see that there is no resistence at the moment upto 137.700!!!!!!!!!!!!!!!!!!!!!

So, unless bears enter the market it could go up another +300 pips. As I said not a good idea at the moment to be enetering a sell trade.

It might turn around but as I said, if it were my own real money then......

Scoobs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 36 KB
Click to Enlarge Name: gbpjpy daily.gif Size: 35 KB
  • #328
  • Sep 16, 2010 2:36pm Sep 16, 2010 2:36pm
Quoting scooby-doo
If you look at this 4H chart of GBPJPY then you will see that the BULLS clearly still have control of the market.

So, at the moment selling is not a good idea unless you dont mind some negative DD before a potential retrace.

Now look at the 1D chart of GBPJPY and you will see that there is no resistence at the moment upto 137.700!!!!!!!!!!!!!!!!!!!!!

So, unless bears enter the market it could go up another +300 pips. As I said not a good idea at the moment to be enetering a sell trade.

It might turn around but as I said, if it were my own...
Excellent advise. Not worth the risk IMO, expecially with manual intervention still possible, as you said before. I want to end the week on a good note so I'll keep an eye on it but leave it alone.

Many thanks
  • #329
  • Sep 16, 2010 4:09pm Sep 16, 2010 4:09pm
Quoting Zr-fx
Two questions for the class:

1-EURCHF is now well outside the BB and well above Gold. Also RWD all very high above 85. Non of the normal EAs apply in this case (I think). Would you take it manually? (Actually I did and now it is +30 pips)

2-XXXJPY pairs all showing good setups. Given the JPY and BOJ situation would you take them? Last night I took AUDJPY and NZDJPY and made profit on both but tonight I have not risked it.
I took a few baits on the JPY pairs and closed probably 200 pips the last 24 hours...

Now, I expect drawdown. I like GBP pairs because they tend to be more dynamic so I usually always get my retrace.

NOW EURJPY.... Hmmm.. Scary...

AUDJPY .... Scary....

haha...
We are our own best indicator.
  • #330
  • Sep 16, 2010 4:11pm Sep 16, 2010 4:11pm
Quoting bluemele
I took a few baits on the JPY pairs and closed probably 200 pips the last 24 hours...

Now, I expect drawdown. I like GBP pairs because they tend to be more dynamic so I usually always get my retrace.

NOW EURJPY.... Hmmm.. Scary...

AUDJPY .... Scary....

haha...
The word is that BOJ are under pressure to intervene once again to prop up their economy.

Good luck!!!!

Scoobs.
  • #331
  • Sep 16, 2010 4:14pm Sep 16, 2010 4:14pm
Quoting scooby-doo
The word is that BOJ are under pressure to intervene once again to prop up their economy.

Good luck!!!!

Scoobs.
Yah... Well, I have about 1,000 pips I can go. If it blows up, I take the loss... O well... Next time...

I usually do the opposite of the 'news' anyways and it works out 80% of the time. This should be fun....

---EDIT: Oh, up 1500 pips in 2 weeks FYI... Not bad... Take the bad with the good. Even if I end up with 100 pips or even -100 pips or whatever I know most months I will be ahead...
We are our own best indicator.
  • #332
  • Sep 16, 2010 4:26pm Sep 16, 2010 4:26pm
Quoting Zr-fx
Two questions for the class:

1-EURCHF is now well outside the BB and well above Gold. Also RWD all very high above 85. Non of the normal EAs apply in this case (I think). Would you take it manually? (Actually I did and now it is +30 pips)

2-XXXJPY pairs all showing good setups. Given the JPY and BOJ situation would you take them? Last night I took AUDJPY and NZDJPY and made profit on both but tonight I have not risked it.
Scoobs has given excellent advice regarding jpy pairs. IMHO only a mad man would disregard his advice.

With regard to the first question, in such cases you would either use EA4 or EA5. They both have the feature whereby when 1MA crosses the 3MA a trade is initiated which is better than manual entry because you have already had some reversal already. Please be careful with EA5 because it will reenter if the trade is closed. The safest way is to remove it once it has done its job.

Kind regards



kind regards
  • #333
  • Sep 17, 2010 4:55am Sep 17, 2010 4:55am
boy. these XXXJPY pairs make up the majority of them. there is no pair that ends with XXXJPY more than this one.
  • #334
  • Sep 17, 2010 8:11am Sep 17, 2010 8:11am
I do hope people are keeping up with the developments in Steve`s NB VER5 auto trading thread. Very exciting indeed. The more people we can get to demo the BOT and play around with the settings the quicker and better will be the finished product. When this EA is completed to Steve`s satisfaction our life is going to be much much easier. IMHO this system can never be fully automated, however, it would be very handy to have an EA doing most of the hard work for you and all we need to do is to monitor and supervise the trades according to our own style of trading.

Kind regards
  • #335
  • Sep 17, 2010 9:29am Sep 17, 2010 9:29am
733 pips this week! Not bad for such a slow start.. Up $94 on micro test account!

Started $1 per pip but due to technical difficulties closed my trades at plus 5.8 pips! haha...

This 5.0 is pretty good, however, I would have been up over 2000 pips on my 4.0 system. So... I am considering doing both, but trying to figure out where to get the extra time.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 229 KB
We are our own best indicator.
  • #336
  • Sep 17, 2010 9:53am Sep 17, 2010 9:53am
Quoting bluemele
733 pips this week! Not bad for such a slow start.. Up $94 on micro test account!

Started $1 per pip but due to technical difficulties closed my trades at plus 5.8 pips! haha...

This 5.0 is pretty good, however, I would have been up over 2000 pips on my 4.0 system. So... I am considering doing both, but trying to figure out where to get the extra time.
Hey the week isn't over yet!! Still a couple of hours to grab some pips

Mart
  • #337
  • Sep 17, 2010 10:11am Sep 17, 2010 10:11am
Quoting bluemele
733 pips this week! Not bad for such a slow start.. Up $94 on micro test account! ...Started $1 per pip but due to technical difficulties closed my trades at plus 5.8 pips! haha...
This 5.0 is pretty good, however, I would have been up over 2000 pips on my 4.0 system. So... I am considering doing both, but trying to figure out where to get the extra time.
HI my friend

you are a good sensible trader (unlike me who seems to be all over the place). The week sort of improved from Wednesday onwards. I managed to reduce DD and closed some level 1 trades, break even on the dreaded EURAUD in particular. So profit wise -500 pips but I am glad my dd is now a manageable -1900 ( half of what it was last week). Serves me right for NOT listening to BOB and breaking one of my own golden rules. 70% of my DD is due to the wretched GBPAUD which was on my avoid list. Anyhow I will give this pair more time and see what happens by the end of the month.

I do hope other traders have had a good week. Hopefully next week things will settle down and we can have more profitable trades.

Kind regards
  • #338
  • Sep 17, 2010 11:04am Sep 17, 2010 11:04am
Quoting phover
Hey the week isn't over yet!! Still a couple of hours to grab some pips

Mart
phoooover my friend : )
when do you publish the dashboard version which make the MT4 able to copy files into expert/files folder?!

looking forward to use dashboard as well finally


best regards
Phanti
Hero calls followed by margin calls...
  • #339
  • Sep 17, 2010 11:24am Sep 17, 2010 11:24am
Quoting astral77
HI my friend

you are a good sensible trader (unlike me who seems to be all over the place). The week sort of improved from Wednesday onwards. I managed to reduce DD and closed some level 1 trades, break even on the dreaded EURAUD in particular. So profit wise -500 pips but I am glad my dd is now a manageable -1900 ( half of what it was last week). Serves me right for NOT listening to BOB and breaking one of my own golden rules. 70% of my DD is due to the wretched GBPAUD which was on my avoid list. Anyhow I will give this pair more time and see...
It has not been an easy couple of weeks! I set up some tests on another EA and boy it cost me about 350.00 on cent accounts! I think everyone got hit except trend followers?
We are our own best indicator.
  • #340
  • Sep 17, 2010 11:25am Sep 17, 2010 11:25am
Quoting phover
Hey the week isn't over yet!! Still a couple of hours to grab some pips

Mart
Yes, good attitude..

I hope we GAP big on Sunday/Monday and in the right direction. Those are my favorites...
We are our own best indicator.
0 traders viewing now