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Nanningbob 4h trading system ver. 5.0

  • #2,361
  • Sep 27, 2010 12:01am Sep 27, 2010 12:01am
Quoting bluemele
Hi all,

I just spoke with a great source from the CFTC. I didn't realize this, but they have put a ban on retracing markets.

I can't believe it, but they did it. From now on, only trending markets. Should make making money easier with FOREX.
This makes no sense. If you buy eur/usd you are buying euros if you sell eur/usd you are buying USD. This doesnt make any sense.
  • #2,362
  • Sep 27, 2010 12:41am Sep 27, 2010 12:41am
Better pass Bob the CFTC Sauce Bluemele?
  • #2,363
  • Sep 27, 2010 1:49am Sep 27, 2010 1:49am
Quoting duffypratt
This might be the really stupid question you are looking for. Something puzzles me about this. It sounds like you think closing these positions was a really big mistake. So why not re-open them? You would be out the spreads plus or minus whatever movement there was on the pairs while your trades were closed. That's probably not such a big deal. Then you could just proceed with recovery as planned, which is different than starting over.

Am I missing something? (Fire at will.)
Nearly everything was at L2; there were a couple of L3's. I was awaiting The Big Retrace.

The Big Retrace isn't happening yet.

Re-entering trades whose success depends on a retrace when there is no retrace happening would be idiotic.

  • #2,364
  • Sep 27, 2010 1:51am Sep 27, 2010 1:51am
Quoting phover
You should use the panel lol

Mart
I do. Not entirely sure how this can save me from an idiotic, self-inflicted blunder with mptm.

  • #2,365
  • Sep 27, 2010 2:40am Sep 27, 2010 2:40am
It may be a little early to call but it looks like the big retrace has some potential....
  • #2,366
  • Sep 27, 2010 3:03am Sep 27, 2010 3:03am
did anyone else get short gu off a #2 sell?
http://i688.photobucket.com/albums/v...ronaut/9-9.gif
  • #2,367
  • Sep 27, 2010 3:23am Sep 27, 2010 3:23am
Quoting Radio
did anyone else get short gu off a #2 sell?
Yes I'm in, since Friday.

Z
  • #2,368
  • Sep 27, 2010 3:26am Sep 27, 2010 3:26am
+9 pips for me in GU right now... hardly any move imo.
  • #2,369
  • Sep 27, 2010 3:33am Sep 27, 2010 3:33am
The global buying of risk continued on Friday with haven currencies such as the US dollar, Japanese yen and Swiss franc all sliding while equity markets crept higher. Similar moves have been seen in the overnight Asian session with traders banking on the global recovery story.
As we foresaw on Friday German IFO did slip in August with the slip in business confidence being attributed to a slight fall in industrial production and fears over peripheral European states and their debt crisis. The figure had little impact on the euro however and it continued to gain against the rapidly retreating US dollar.
Gold continued to blast higher on Friday touching the $1300 level overnight for a new record high.
Commodity demand is so strong at the moment for a good few reasons. The first is fear, with investors looking for a tangible value holder while the global outlook is still uncertain. The second is as an inflation hedge and the third is to mitigate risks from the global currency devaluation race the major economies are indulging in at the moment. It is only likely to continue higher.
Over the weekend in the UK Ed Miliband was appointed to the Labour leadership. His policy on the imminent spending cuts is one of ‘wrong cuts at the wrong time will put the recovery at risk’. His appointment is likely to increase the volume of the anti-cut fight and boost the unions’ resolve when it comes to industrial action.
There is little data today and we expect the sell off the dollar to continue.


Scoobs
  • #2,370
  • Sep 27, 2010 3:58am Sep 27, 2010 3:58am
Quoting scooby-doo
The global buying of risk continued on Friday with haven currencies...
Thanks Scoobs -
  • #2,371
  • Sep 27, 2010 4:23am Sep 27, 2010 4:23am
Quoting scooby-doo
The global buying of risk continued on Friday ..............
  • #2,372
  • Sep 27, 2010 4:32am Sep 27, 2010 4:32am
Quoting Zr-fx
About what ?
  • #2,373
  • Sep 27, 2010 4:36am Sep 27, 2010 4:36am
I was in the gu since Friday as well


Since this is my 2nd week on this system I am still on demo and at the same time EVERY night the demo servers on MB trading mt4 go down for service....really messes with the ea's....they just told me at least for 2 more hours and they came up in 2 minutes...LOL
  • #2,374
  • Sep 27, 2010 4:39am Sep 27, 2010 4:39am
Here is Bob's newest indicator. I call it the idiots indicator because it makes no sense but for some reason it seems to work. Put a blank screen up with candles and period separators. Then at the bottom put an ATR indicator set to 200. Put x across the ATR from one period separtor to another on a 1H screen and TADA a fairly accurate predictor of price changing directions When it crosses green buy when it crosses red sell. High rate of return. Cant believe it works for one thing and two cant believe I even thought of doing something stupid like this. Anyway have fun. I will call it Quadrant trading. I dont have time to fool with it because I am not home all day but it sure looks interesting. Have fun.
Attached Image (click to enlarge)
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  • #2,375
  • Sep 27, 2010 4:51am Sep 27, 2010 4:51am
Quoting scooby-doo
About what ?
Read it quickly and got myself confused. It's just me being slow this morning
  • #2,376
  • Sep 27, 2010 5:13am Sep 27, 2010 5:13am
Quoting bluemele
Hi all,

I just spoke with a great source from the CFTC. I didn't realize this, but they have put a ban on retracing markets.

I can't believe it, but they did it. From now on, only trending markets. Should make making money easier with FOREX.
This is like saying the wind will keep blowing in one direction and will never go the other way!
  • #2,377
  • Sep 27, 2010 6:15am Sep 27, 2010 6:15am
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I start again with...
Steve
Da, how do you load the MPTM? Just kidding. I feel for you man.
  • #2,378
  • Sep 27, 2010 6:28am Sep 27, 2010 6:28am
Quoting Toothman
Steve
Da, how do you load the MPTM? Just kidding. I feel for you man.


Cheers.

  • #2,379
  • Sep 27, 2010 7:08am Sep 27, 2010 7:08am
Quoting nanningbob
This makes no sense. If you buy eur/usd you are buying euros if you sell eur/usd you are buying USD. This doesnt make any sense.
Sorry Bob, bad joke.

haha...

I figured we needed some CFTC limitations to enable better and safer trading.
We are our own best indicator.
  • #2,380
  • Sep 27, 2010 7:39am Sep 27, 2010 7:39am
I think I will liquidate all my positions. That should move the markets.
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