Nb 1.0 trend trade system

Bob, you're more than welcome. If I can help out in any small (and/or limited) way to further anyone's understanding, then I'm all in. All the appreciation should be solely on my end. Best ... meph

Hi Bob

Please accept my apologies for not contributing to your new thread. For my sins I got involved in an agroforestry project some years ago and I had been in a part of the world that is in stone age as far as internet connections are concerned. So for all intents and purposes I was in a forced sabbatical as far as forex and FF was concerned.

I congratulate you on another fantastic system, can not wait to start on it this weekend (although I have a lot of catching up to do). The size of this thread in such a short time is a testimony to its quality and brilliance. Markets change and we must adapt to new conditions or perish. This new concept reminds of of the Version 3.1 and SELL HIGH BUY LOW system, I liked that system and it worked for me for a while. The new trend system seems to be more streamlined and simpler to grasp. As far as TFs are concerned lower ones such as 30m or 1H are OK for EAs but as far as manual trading for part time traders 4H is a more suitable TF.

Kind regards

Thanks, IMT. I understand the basics of the indicators and their interaction from reading Bob's doc, but hope to see more discussions from experienced users pertaining to their behavior at the hard right edge. I think lagging indicators in general command a certain degree of anticipation at that point, and I've yet to acquire that skill

Actually those of you who understand the system you will need to take over for a while. I am going back to the USA for 2 weeks (SanFrancisco) and see my son and my new grand daughter. I dont think I will be trading during that time or answering many questions. However, I wouldn't mind meeting anyone from the area, my son actually lives in San Mateo. So I have decided I will take a break from teaching, school and trading and just do nothing but see family and friends. I go back home to the USA every two years and this is my home trip. I think this thread will be left in good hands and my only request is no changes be made unless there live trades over a period of time to back up the change.

I will close out all my trades Friday and just lay it aside for a while. I wish all of you the best. Good to see Astral back.

Welcome back. I invented a 1H trading system and felt like a fish out of water. It really is a whole different feel. I am used to seeing setups and maybe having the half/whole day to turn on the EA. 1H trading is different needs more screen time than the 4H does. Anyway I went back to 4H, it fits my comfort zone and schedule better.

It is a sell because the TMA line is below the 240MA but you also can see that the previous high is lower than the previous before that. This would indicate a continuation of the DT but of course we know that is not guaranteed.

Enjoy your holiday catching up with family and friends. There's no better holiday.

It will be good for your system to now have a period of grace for peeps to follow and understand better before making any more changes/advances. I bet you will have new ideas after giving your mind a good break from it.

One day you will be able to leave the bot running whilst your gone and come back from hols. to see how much you made (and if it's more than you spent on hols.)

Really great stuff and a good lesson in Riskmanagement. How would it feel to see the equity on the own account shrink from > 1.000.000 to 125.00? I wouldn' t be able to handle that without emotions http://cdn.forexfactory.com/images/icons/icon10.gif

Much appreciated, I for one is with you on this tf. There is a lot of swings on the H1, that is why the H4 looks so good because the longer candle filters it out. To correct that on the H1, believe in the 240 MA in relation to the TMA and ignore the rest, which is the hard part psych-wise. Cause you see all these great moves up and down and its tempting to want to change the rules to suite the GREED. That's how even experienced traders(old dogs of war) fall prey to forex and make mistakes. IMHO

1) can everybody tell me where should we place SL for in the 4H Chart?
2) in RWB system there is WHITE line, where it is from? after I loaded up the template it does not show up.
3) also in RWB document it says there is SWING Man indicator. can anyone point me to URL to download the indicator.

Thank you
WTjS

hello there mate...first of all thank you very much for updating me oon this..much appreciated. is there another i could work this out on,,,for example 15 min or 5min...coz since im new to this i have to wait for a very long time for the setup to appear..for example on the EURO/USD..i have been waiting for a buy setup fo the last 5 hours..on 1 hour chart..but it hasnt appeared as yet...do you think the setup will work on 15 min chart ,,,mate...
enlighten me,,



,and few trades i took ..after the 5x5 cross..the price just pulls back to about 100 piplets and then goes in our favor do you wait for that pull back and then take a trade or just blindly take right after the cross

Hey George - I don't know how much enlightenment I can provide Please understand that until a couple of weeks ago, I was unaware of nanningbob's work. I'm sure many of the folks here have been with him much longer, and I am hopeful they will jump in and help up both out. I had to chuckle when reading your desire to speed up the process using Bob's system. Been there, done that ... many times. I assume one can apply the method to any tf of their choosing, although I think the MA periods would need adjustment, and I am unsure about this and will withhold comment. I will say that we are working with a trend system, and as you move down to the lower tf's, price action becomes more obscured due to market noise.

As alluded, I understand you wanting to find trade opportunities more quickly, so as to get a better feel for the effectiveness of the system. But this brings up one of the most important qualities of any trader ... that being patience, and its close first cousin, discipline. Unfortunately, trading is normally not a 'come out with your guns a'blazin' ' activity, unless you are an accomplished scalper with the abilities of a HFT bot As we can currently see on our charts ( I assume you are watching a good number of pairs for these setups), most of the majors are showing some strength as they hammer the US dollar. And so, the pullbacks in the trends are shallow, and not allowing us any good opportunities to enter, per the system. But I feel that is by design, so that when price does pull all the way back to the opposite band, it is then very oversold/ overbought and provides the best opportunity, if price does indeed resume the trend.

To address your question concerning taking entry on the first cross - this is where some finesse can be beneficial. This is a system, and as such, if the setup is there, I see no reason not to take it. However, speaking in general terms, if we are at a bona fide swing point, it's quite likely that the mkt will want to retest the recently printed hi/low, and if we are on the hourly chart, this can take several hours to play out. And, as I tried to show on yesterday's example, the extra time allows the 5X5 to retreat further for a better entry price. Every situation is going to be different though, and if one chooses to wait, he may miss some rockets ... but that is just part of the process. I don't know your experience level, but try to view all this in context, and draw on what other tools you use to formulate your best personal approach. I try to look at a host of other things in order to see some confluence for trade entry ... at least it helps w/ the emotional side, i.e., confidence in your trade. Stuff like s/r, fibs, candle patterns, double tops/bottoms, 1-2-3's, etc can all provide some additional clues.

I apologize for the rambling answer, and I know I did not provide any specifics for you. As mentioned, I hope others will join in, especially on the topic of different time frames. Trade safe ... meph

George - if you're still around, the gbp/nzd is currently (H1 15:00 GMT bar) displaying what we were talking about. It has tagged the lower band w/ a decent pin bar/ hammer, and has pushed through the 5X5 several times already w/ nice momentum. But due to the previous downward movement, and looking at its behavior to the left, I suspect there will be some kind of retest here, so I gotta pass for now. And they could very well leave me in the dust

Edit: a good example of one of 'dem rockets ... lol (btw, this does tend to be a very spirited pair ... not for the faint of heart)

Hey guys,

Nice read - took a while - now trying the system!

Okay - so - couple of things:

1. On IBFX - I have 27 pairs when SHOW ALL is selected. I've read NB is trading 20 pairs. Which one shall be left out?
2. NB Dashboard 1.2 - it starts doing so many things on my screen that it turns my computer really slow. I like the idea of having this and showing me which pairs are possible for entries. Anyone having this problem of slowing down the computer?

Thank you - that's it for now!
Maestro

[quote=nanningbob;4316327]...... Basically the TMA center now becomes the 8MA. I found out that a smoothed 8MA is almost the same at the TMA line on the 4H chart so I am using it instead. The 240 line becomes the 60MA on the 4H chart. The EA is simple when price is below both lines sell, when above both lines buy.........


Hi guys, thats basicly all information witch Bob privided us about 4h TF trading. I am looking for somebody who will be able to explain little bit more about 4h TF trading, because i think i missunderstood something. i was thinking that EA eneters when both lines crosses togerter (8x60) but i was wrong, so my questions are:

1. Can someone please make an example with printscreen, showing WHEN to put EA on?
2. WHERE exacly the EA enter the trade ( i thought when 8 crosses 60, but i was wrong)?

Thanks a lot for your help guys.

Lets take that example: 8 is above 60, price is above both lines, so WHEN to put on buy EA, is it to late already?

2. And HOW the EA enters the trade? ( on 1h TF enters when price crosses 5x5 line, how eneters on 4h TF?)

Thank you guys.

I was looking at the same setup now - I will wait until the next candle opens and see where it is at before deciding - anyhow - DEMO this for now is the best suggestion I can give you - unless you want to trade on a pennies account and risk 50 cents or $1 and use a 100 pips stop or 50 pips stop and see how it works live...

Maestro

This looks like a setup if we can brake the level of .9550 (a little filter)...

:0)

Maestro

Would have also been a short 10 bars ago, as well as 4 bars ago correct?
Tryin to make sure I understand this new method.
The one thing I havent seen is where the stoploss goes once u enter.

Correct on both as I am understanding this 4h method as well... I am also looking at the slope of the RSI and STOCH for entries...

Stop loss I guess is something that is still up in the air for both the 1h and the 4h... Some guys are trying the last swing and or 1/2. Some are just going for set stops... I am just using money management wisely as to only risk 2-3% of my account...