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Nb 1.0 trend trade system

  • #561
  • Jan 11, 2011 7:53pm Jan 11, 2011 7:53pm
Quoting Zuke
OK...now I have it. Signal generated at 1.30. As well as it hitting the 48 SMA (in orange on chart), this is also the 1.30 pysch level that was previously strong support. If this turns to res then we have a very good chance of a strong move back down. So now I have had the signal, I am waiting for a close of a bearish 5 min Randy (HAS) candle for entry.
I think this system helps greatly when you add other market analysis with it. You can see a potential trade and then look at other factors to help confirm. Good job.
  • #562
  • Jan 11, 2011 7:59pm Jan 11, 2011 7:59pm
Quoting Zuke
Oops Forgot to post chart...Im currently -9 (inc. spread) on this trade, but hey we have to post winners and losers right?? lol...anyway, a long way to go with this trade, so not worried

Great job zuke, can you please post your indicators and template from your chart below. Thanks.
Don't stop believing
  • #563
  • Jan 11, 2011 8:06pm Jan 11, 2011 8:06pm
Hi all,

Just wanted to post my entries. I entered short UsdJpy and UsdChf short just now. These are both counter trend trades so watching closely. Will post results later. Btw, jumped the gun on UJ I think, but we'll see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uf.jpg Size: 67 KB
Click to Enlarge Name: uj.jpg Size: 71 KB
  • #564
  • Jan 11, 2011 9:04pm Jan 11, 2011 9:04pm
Quoting TheDirtySerb
Hi all,

Just wanted to post my entries. I entered short UsdJpy and UsdChf short just now. These are both counter trend trades so watching closely. Will post results later. Btw, jumped the gun on UJ I think, but we'll see.
If you are going to counter trade you really should draw a trendline and play the trendline break otherwise you will get a lot of peeker trades.
  • #565
  • Jan 11, 2011 10:01pm Jan 11, 2011 10:01pm
Hey Nbob,

What is on your mind at the moment?
Let me guess....EurJpy short and EurChf short?

Do I see it the way you see it?

PP
  • #566
  • Jan 11, 2011 10:09pm Jan 11, 2011 10:09pm
Noted that and thanks!!

Cheers

Quoting nanningbob
Actually I never said it has to touch the red or green lines. If you reread the manual I said it needs to be close or touch. What you need is price separation from the 5 MA and then go with the trend. The TMA just does that read for you. That is why all this nonsense about the TMA is unjustified. The 5MA and 240MA are the keys to the system the TMA only determines trend and makes sure you have separation before turning on the EA.
  • #567
  • Jan 12, 2011 12:30am Jan 12, 2011 12:30am
Quoting Pip_Predator
Hey Nbob,

What is on your mind at the moment?
Let me guess....EurJpy short and EurChf short?

Do I see it the way you see it?

PP
YUP
  • #568
  • Jan 12, 2011 1:12am Jan 12, 2011 1:12am
hi, i just started on forex...and stumbled across your trading method...are my EAs and my indictors working fine? I do hope im not boring u with this questions/enquiries..

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1h.gif Size: 17 KB
  • #569
  • Jan 12, 2011 1:40am Jan 12, 2011 1:40am
Quoting Wined
hi, i just started on forex...and stumbled across your trading method...are my EAs and my indictors working fine? I do hope im not boring u with this questions/enquiries..

Cheers
Hiya Wined
Welcome to the whacky world of forex

First of all have you read the loading intructions in the download zip on page 1
  • #570
  • Jan 12, 2011 1:48am Jan 12, 2011 1:48am
Quoting nanningbob
I have added the 48MA smooth to my screen to mark the Daily trend. When price moves inbetween it and 240 MA, it lets you know that a trend change or consolation stage has started. I also put the TMA angle on the screen. Here is the pic and template.
Bob a couple of questions

On your new template you have TMA ( not TMA True ), but the TMA angle indicator on the template is set to TMA True settings.
Is this done on purpose ?

Having done some simulator testing with the angle indicator ( both TMA and TMA True settings ) if I am reading this as I think you intend it would seem to basically keep you out of taking the majority of setups you would have taken when they were not part of the system
Can you please explain how you intend to use the angle indicator and also the new 48 ma and what you expect this to add to the current system

Thanks
  • #571
  • Jan 12, 2011 1:56am Jan 12, 2011 1:56am
Quoting peterporter
Hiya Wined
Welcome to the whacky world of forex

First of all have you read the loading intructions in the download zip on page 1
hi peter, thks for the reply...i hope not to ruin this thread by trolling or etc and make it smooth and readable...im just curious as to why my 240 MA is like a straight line on the GBPUSD 1H graph..and i did compile and read everything of the loading instruction instructions...it seems to work....and it shows a sad smiley if i drag the EAs over the screen.(if that is the EA)

cheers..
  • #572
  • Jan 12, 2011 2:26am Jan 12, 2011 2:26am
Quoting jcs
Bob a couple of questions

On your new template you have TMA ( not TMA True ), but the TMA angle indicator on the template is set to TMA True settings.
Is this done on purpose ?

Having done some simulator testing with the angle indicator ( both TMA and TMA True settings ) if I am reading this as I think you intend it would seem to basically keep you out of taking the majority of setups you would have taken when they were not part of the system
Can you please explain how you intend to use the angle indicator and also the new 48 ma and what you...
I put it up for a look and I think there is only one really good use for it. It lets you know when price is really far away from the 240 by the large histogram bars and you can then expect a beginning reversal of the trend. That is the only thing I see with it now. The 48 MA will let you know much quicker that price maybe changing before the histogram but the histogram will show price has been running for quite a while. I needed to watch it for a while to see if it really was going to be helpful. It might be useful in starting some counter trend trades that then will become trend trades. Generally I dont like histograms because the info is coming in too late to be useful but I did want to see it in this system.

I am working on the second EA for this system. There is another type of trade I think you can take with 1.0 that could prove highly successful. Give me another 24-48 hours of development and I will try to post a test version. I am in final exam week here at the University and as soon as I am done giving tests this week I want to put it together.
  • #573
  • Jan 12, 2011 2:36am Jan 12, 2011 2:36am
Quoting Zuke
Ok..Im in...filled SHORT at 1.2994 SL 1.3034; TP1 1.2934 TP 2 1.2894. Entered after close of bearish Randy candle on 5 min chart. Lets see how it plays out...
Well...this went against me while I slept and is currently -18 (inc spread). In addition, I see a better area for short at around 1.3035. In theory I could add to my (losing) position in that area, but (lesson for noobs here) averaging up/down is one of the worst things you can ever d, both psychologically and for your account. As such, Ill let the trade ride out and if it is stopped out, clear the decks for the next signal.
  • #574
  • Jan 12, 2011 3:14am Jan 12, 2011 3:14am
Hi Zuke,
isnt the brown line too far away from the TMA outer lines?
Will this consider a risky setup?
sorry if i am wrong, i am new so just thought of clarifying
thanks
juz
Quoting Zuke
Ok..Im in...filled SHORT at 1.2994 SL 1.3034; TP1 1.2934 TP 2 1.2894. Entered after close of bearish Randy candle on 5 min chart. Lets see how it plays out...
  • #575
  • Jan 12, 2011 3:53am Jan 12, 2011 3:53am
Quoting juzgood1978
Hi Zuke,
isnt the brown line too far away from the TMA outer lines?
Will this consider a risky setup?
sorry if i am wrong, i am new so just thought of clarifying
thanks
juz
Yes it was a riskier set up due to the distance from the outer TMA. However, the term "too far away" has never been defined and hence I have decided to just follow the system.
  • #576
  • Jan 12, 2011 4:47am Jan 12, 2011 4:47am
Quoting Wined
hi peter, thks for the reply...i hope not to ruin this thread by trolling or etc and make it smooth and readable...im just curious as to why my 240 MA is like a straight line on the GBPUSD 1H graph..and i did compile and read everything of the loading instruction instructions...it seems to work....and it shows a sad smiley if i drag the EAs over the screen.(if that is the EA)

cheers..
ok first of all if you zoom out with the -ve lens you should see its not actually straight
Secondly go to Tools, Options , Expert Advisors, the tick the checkbox allow live trading
see if it goes to a smiling smiley face
  • #577
  • Jan 12, 2011 5:19am Jan 12, 2011 5:19am
Both short entries are now closed. UsdChf hit my TP for 36 pips, and UsdJpy would not cooperate so I closed it at +3. Not bad for a couple of counter trend trades. Best of luck.

Quoting TheDirtySerb
Hi all,

Just wanted to post my entries. I entered short UsdJpy and UsdChf short just now. These are both counter trend trades so watching closely. Will post results later. Btw, jumped the gun on UJ I think, but we'll see.
  • #578
  • Edited 7:44am Jan 12, 2011 5:30am | Edited 7:44am
Quoting nanningbob
Guy I hate to be mean but if you dont understand the system enough as to when to turn on an EA or not I really cant help you. I mean that is why you read the booklets on page 1 post 1. If you cant read a chart and turn on an EA when the signal is given or a setup is seen why are you even trying to trade?????????? Sorry but you have to be able to read a chart to trade.

You know what ur absolutely right, I will quit trading today.
Look at something long enough, you will eventually get it.
  • #579
  • Jan 12, 2011 6:24am Jan 12, 2011 6:24am
OK here are some probable setups coming. You can keep your eyes on these.

Buys
NZD/USD
NZD/CHF

Sells

Eur/usd
eur/nzd
chf/jpy
  • #580
  • Jan 12, 2011 6:47am Jan 12, 2011 6:47am
A question for Bob, or any other experienced system trader - when you begin live forward testing, how many weeks/months do you need to analyze results (assuming positive) before deciding to ramp up position size, using proper MM of course? Thanks ...
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