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Nanningbob 4h trading system ver. 5.0

  • #3,501
  • Dec 8, 2010 6:03pm Dec 8, 2010 6:03pm
I'm short the audjpy, but may close it if it doesn't go anywhere. I have open orders to buy eurgbp and nzdusd, and sell orders on cadjpy, chfjpy and usdjpy. On my charts these all broke the tma, sixths, and RWB.
  • #3,502
  • Dec 8, 2010 11:48pm Dec 8, 2010 11:48pm
My current trade rules are that to have all RWB lines above or below the respected 85 and 15 levels. I see that a few pairs you mentioned that MACD is not at the 85 or the 15 levels. Have u experienced success with this?

also in between the green lines is the so called no man's land, is it a good idea to stay away any trades where signals generate there?
  • #3,503
  • Dec 9, 2010 1:24am Dec 9, 2010 1:24am
Quoting wguan
My current trade rules are that to have all RWB lines above or below the respected 85 and 15 levels. I see that a few pairs you mentioned that MACD is not at the 85 or the 15 levels. Have u experienced success with this?

also in between the green lines is the so called no man's land, is it a good idea to stay away any trades where signals generate there?
Make sure you read the attached documents in post 1, most of the things you ask are answered there.

For your first question check out the part about secondary trades.

Your second question depends on the rules. According to 5.3 you don't take trades when price is in the center part of the chart. If you use TMA you might, not sure since I'm a follower of 5.3.
  • #3,504
  • Dec 9, 2010 8:09am Dec 9, 2010 8:09am
Hi guys, i have a quick question, it you using 5.3 and 6.1 methods, and working with 22 pairs, so it means that you have 22 tamplates for 5.3, and 22 tamplets for 6.1? Total 44 tamplets on your window? Thanks
  • #3,505
  • Dec 9, 2010 8:57am Dec 9, 2010 8:57am
Quoting MorningMania
Make sure you read the attached documents in post 1, most of the things you ask are answered there.

For your first question check out the part about secondary trades.

Your second question depends on the rules. According to 5.3 you don't take trades when price is in the center part of the chart. If you use TMA you might, not sure since I'm a follower of 5.3.
Thanks!
  • #3,506
  • Dec 9, 2010 9:09am Dec 9, 2010 9:09am
Quoting wguan
My current trade rules are that to have all RWB lines above or below the respected 85 and 15 levels. I see that a few pairs you mentioned that MACD is not at the 85 or the 15 levels. Have u experienced success with this?

also in between the green lines is the so called no man's land, is it a good idea to stay away any trades where signals generate there?
I am not so experienced to have all the answers, but if the Stoch lines are both above or below I will consider the trade if the price is above or below the sixths and TMA. Ideally the MACD will also be. 4 of my trades triggered but didn't go anywhere so I closed them out. I wish I had closed the AUDJPY before it spiked up on good news but I'll just hang on and maybe to a L2 trade for BE.

Yes, currently I do not take trades in the middle of the chart. I'm being more selective right now as I see what results Bob has with the new changes.
  • #3,507
  • Dec 9, 2010 9:22am Dec 9, 2010 9:22am
How are these trades?

Short:
CHF/JPY
AUD/JPY (shaky one)
GBP/JPY (im in this one short)
USD/JPY
EUR/JPY (in no mans land)
GBP/USD



any inputs?
  • #3,508
  • Dec 9, 2010 9:23am Dec 9, 2010 9:23am
Quoting ericjschroed
I am not so experienced to have all the answers, but if the Stoch lines are both above or below I will consider the trade if the price is above or below the sixths and TMA. Ideally the MACD will also be. 4 of my trades triggered but didn't go anywhere so I closed them out. I wish I had closed the AUDJPY before it spiked up on good news but I'll just hang on and maybe to a L2 trade for BE.

Yes, currently I do not take trades in the middle of the chart. I'm being more selective right now as I see what results Bob has with the new changes.
yea same here, i dun wanna be aggressive yet at the start, haha
  • #3,509
  • Dec 9, 2010 5:31pm Dec 9, 2010 5:31pm
I missed 2 opportunities to get out of the AudJpy at BE. 1- I set the EA to reenter but forgot to change the Magic Number (learning). 2- Could not watch it so didn't get out when price retraced to my previous entry. Only a 38 pip DD right now. Depends on whether price respects the recent resistance or will it keep making higher highs and higher lows. Also shorted the ChfJpy and missed the opp to exit for BE after 2 bars and now a 25 pip DD. Long on NzdUsd.
  • #3,510
  • Dec 9, 2010 5:48pm Dec 9, 2010 5:48pm
i shorted the GBP/JPY with a good profit

got killed by euro/gbp thou...but my GBP/JPY covered the lost..
  • #3,511
  • Dec 11, 2010 11:39am Dec 11, 2010 11:39am
Hi Bob.Skazhite Please tell us why Adviser opened a deal to sell ahead of time, and the price has gone further? What did I do wrong?http://s55.radikal.ru/i148/1012/06/673dd79e4458t.jpg
  • #3,512
  • Dec 11, 2010 5:38pm Dec 11, 2010 5:38pm
Hi, I'm abit late to the party. Can someone please tell me on which post i can find information about the original Nanningbob 4h system? I would like to understand and trade it manually first, then maybe try the EA.
Many thanks.
  • #3,513
  • Dec 11, 2010 7:24pm Dec 11, 2010 7:24pm
Quoting alexey
Hi Bob.Skazhite Please tell us why Adviser opened a deal to sell ahead of time, and the price has gone further? What did I do wrong?http://s55.radikal.ru/i148/1012/06/673dd79e4458t.jpg
Price hit the upper BB and entered which is what it is suppose to do.

You entered a trade. Price went about 25 pips into profit and then continued its trend up. One of my rules is dont let a profit trade become a loser so at some point you need or let an MPTM set your stop loss some where or you need to manually set the SL to a profit part. When you see the white line head for the bottom but the blue doesnt follow you know that the trade probably will not run so you need to protect yourself by moving your SL to +5 or +10 or ???????????? CHF/JPY I often take 20-50 pip profits and that is about all I ever get from it.
  • #3,514
  • Dec 11, 2010 8:51pm Dec 11, 2010 8:51pm
Thank you Bob, I ponyal.A how you are using an advisor? "What do you think is better comes to trade? Put pozhaluysta.Esche Thanks again vam.Da God bless you.
  • #3,515
  • Dec 12, 2010 2:59am Dec 12, 2010 2:59am
Quoting eagle_eye
Hi, I'm abit late to the party. Can someone please tell me on which post i can find information about the original Nanningbob 4h system? I would like to understand and trade it manually first, then maybe try the EA.
Many thanks.
Since I'm sure Bob and others are tired of answering the same question again and again (which shows you have not read all the posts), PAGE 1, POST 1. Read the whole thing, I did. You've got the whole Christmas, New Years holidays to catch up. Don't waste your time or others by trying to find a shortcut, you will lose all your money.
  • #3,516
  • Dec 12, 2010 4:55am Dec 12, 2010 4:55am
This week will become against chf a bit. cadchf (long) and chfjpy (short) is suitable for taking position.

Also usdchf eurchf and nzdchf should be pursued for long position.
  • #3,517
  • Dec 12, 2010 8:15am Dec 12, 2010 8:15am
Quoting eagle_eye
Hi, I'm abit late to the party. Can someone please tell me on which post i can find information about the original Nanningbob 4h system? I would like to understand and trade it manually first, then maybe try the EA.
Many thanks.
This is the original thread:

http://www.forexfactory.com/showthread.php?t=169309
  • #3,518
  • Dec 12, 2010 6:24pm Dec 12, 2010 6:24pm
Hey NB, how is the new Recovery system working out? better than 1.2.4.2 so far?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #3,519
  • Dec 12, 2010 6:39pm Dec 12, 2010 6:39pm
Quoting Nestor
This week will become against chf a bit. cadchf (long) and chfjpy (short) is suitable for taking position.

Also usdchf eurchf and nzdchf should be pursued for long position.

i agree to a possible CHF/JPY short...as of this moment i think that the best is to wait for the close of the current 4 hour candle....if it is a pin bar upon closing, i suggest taking a short position.
  • #3,520
  • Dec 12, 2010 8:25pm Dec 12, 2010 8:25pm
Shorted CHF/JPY

anyone else?
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