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Nb 1.0 trend trade system

  • #1,361
  • Oct 22, 2011 12:41am Oct 22, 2011 12:41am
Quoting nanningbob
I wouldnt say a book just going to compile my recovery system into one source, right now it is scattered throughout my threads but needs to be in one spot so people can get a comprehensive view of the entire system and how it works.
I see. Well I wish you good luck. We may a difference in philosophy and strategy but we are both fighting the same war. Hopefully one day we will both be celebrating victory!
  • #1,362
  • Oct 22, 2011 12:49am Oct 22, 2011 12:49am
Quoting 2+2=4ex
I see. Well I wish you good luck. We may a difference in philosophy and strategy but we are both fighting the same war. Hopefully one day we will both be celebrating victory!
To me securing percentage of increase on the account is the key. Once the money is in the bank you gotta keep it there. Compound interest makes money over time and that is a good direction to go. I see the SL thread is having their snickering party but that is they way they are. They keep focusing on small parts and missing the bigger picture. I popped a thousand on the gbp/chf but chf/jpy went the wrong way. I pocketed the gbp/chf and brought the chf/jpy back to 0. I did not lose one penny to a stop loss or a bad trade. I kept it all. Hasnt dawned on them yet.
  • #1,363
  • Oct 22, 2011 1:03am Oct 22, 2011 1:03am
Quoting nanningbob
To me securing percentage of increase on the account is the key. Once the money is in the bank you gotta keep it there. Compound interest makes money over time and that is a good direction to go. I see the SL thread is having their snickering party but that is they way they are. They keep focusing on small parts and missing the bigger picture. I popped a thousand on the gbp/chf but chf/jpy went the wrong way. I pocketed the gbp/chf and brought the chf/jpy back to 0. I did not lose one penny to a stop loss or a bad trade. I kept it all. Hasnt dawned...
Yea but bob here's part of our disagreement... when you are hellbent on recovering the loss from a pair, isn't it better to forget the loss and carry on trading the best opportunites across all pairs? Essentially you are looking to gain profit so what difference is it whether you call it recovery or not? Instead of getting glued and obsessed with recovery, you should just trade the markets and the best opportunities in them. If anything, trying so hard to recover might press you into making even more mistakes.

And that's not even our biggest disagreement of which is not using a stop. If you use a stop you should never have to recover from severe drawdown. Of course you have to know how to trade otherwise you will hit stops frequently which will drain the account same as no stop. However, the point is learn to trade with a stop and you will increase the magnitude and frequency of your compounding which grows the account exponentially faster than your long drawdown and recovery method. Yes you may still make a good sum after many years, but at a much slower pace which will ultimately lead to less jackpot in the end and at a higher risk. Knowing how to trade with a stop dramatically lowers risk while increasing income. Your method doesn't allow for increasing position size without taking on exponentially greater risk. Think about it bob. Free your mind bob.
  • #1,364
  • Oct 22, 2011 1:11am Oct 22, 2011 1:11am
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  • #1,365
  • Oct 22, 2011 1:52am Oct 22, 2011 1:52am
Quoting 2+2=4ex
Yea but bob here's part of our disagreement... when you are hellbent on recovering the loss from a pair, isn't it better to forget the loss and carry on trading the best opportunites across all pairs? Essentially you are looking to gain profit so what difference is it whether you call it recovery or not? Instead of getting glued and obsessed with recovery, you should just trade the markets and the best opportunities in them. If anything, trying so hard to recover might press you into making even more mistakes.

And that's not even our biggest...
But I am doing that. I have trades going on all over the place on many different pairs with different trading styles. My trading is diversified. Diversification is a valid form of investment, in fact it is highly recommended and protects you from risk. I do not accept the one in one out philosophy of trading Forex. It is one of the main reasons traders lose money. While you keep focusing on the one or two trades I maybe recovering on I keep pocketing 5-15 profit trades every day. Over a week, over a month, over a year they just keep piling up. I am amazed that you think something that keeps making 10% a month as a consistent average is stupid especially in a world where very few make that kind of return on a an investment. My mind is free that is why my method is so contrarian to accepted standards of belief. If you really understood what I was doing you would see:

1. I have very little risk
2. My reward is very solid.
3. The system is consistent throughout the years.
4. What goes up will always come down and what goes down will always come up. It has too because that is the business works. There is no such thing as money always flowing in one direction.
5. Recovery is not difficult. It is knowing where and when to do it. It is a trading skill, it is really is. A simple one actually if you get it.

You think I am straining over a computer fretting about some trade. The fact is I go to bed at the beginning of the USA session every night. I wake up and bingo profit, pocket, set my trades for the day and off to work. I work until I get home about the middle of the EURO session. I do check during my morning break during the jpy session, pocket my profits, set my trades for the USA session then go out and enjoy my evening. No staring at screens waiting for setups, no long periods of analyzing or reading. Just read the Daily chart, set my trades and go. Dang it doesnt get any easier than that. Sheeeeesh.
  • #1,366
  • Oct 22, 2011 2:21am Oct 22, 2011 2:21am
Quoting nanningbob
But I am doing that. I have trades going on all over the place on many different pairs with different trading styles. My trading is diversified. Diversification is a valid form of investment, in fact it is highly recommended and protects you from risk. I do not accept the one in one out philosophy of trading Forex. It is one of the main reasons traders lose money. While you keep focusing on the one or two trades I maybe recovering on I keep pocketing 5-15 profit trades every day. Over a week, over a month, over a year they just keep piling up. I...
bob, first your assumption that I do one trade at a time is incorrect. On many occasions I have several trades within the same pair and sometimes across multiple pairs. If I'm on a hot streak, you can be sure I have a boat load going simultaneously. Sure I break down risk a little more but I'm not sitting in front of my computer waiting to get one in and one out. Maybe you confused me with someone else. ???

Also bob, once again, please understand that I am not saying your method doesn't work for you. What I'm saying is there is a better way. A way with greater reward potential for less risk. You can try to convince me all you want that your method is great, but I know you can do better. It's like you're using the heel of your shoe to hammer a nail. You whack at it over and over again. After 100 whacks finally the nail is flush in. Yes it worked, but guess what... I have a hammer. With that hammer it takes me 3 whacks what took you 100 whacks. And my shoe doesn't have a hole in it.

Lastly bob, let's not keep going over this again and again... you're 10% a month is misleading. You are trading with a small account. So $100 a month might be 10% but that doesn't make you a great trader. Try averaging 10%/month on a $100,000 account using your method. You can't. It will blow up like a watermelon stuffed with dynamite. Have a good day/night bob.
  • #1,367
  • Oct 22, 2011 4:44am Oct 22, 2011 4:44am
Quoting 2+2=4ex
bob, first your assumption that I do one trade at a time is incorrect. On many occasions I have several trades within the same pair and sometimes across multiple pairs. If I'm on a hot streak, you can be sure I have a boat load going simultaneously. Sure I break down risk a little more but I'm not sitting in front of my computer waiting to get one in and one out. Maybe you confused me with someone else. ???

Also bob, once again, please understand that I am not saying your method doesn't work for you. What I'm saying is there is a better way....
Sorry, we keep going over this again and again. Yes I can understand you having more than one trade etc. Yes, I know there are guys who do better than 10%. If I traded 100K I would yes smaller figures and go for 5% a month instead that is true. That would mean I would have to lose close to 100,000 pips to lose my account. Dang, a monkey hitting sell and buy keys randomly couldn't do that. I am a teacher, I teach normal people with numbers and figures they understand and comprehend. It gives people hope that I can take 1000 dollars and double it to 2000 then to ............... and so on. I sell hope. I do the one thing that you (and maybe not you as an individual), I show people live day by day, it can be done. There arent but a handful of people that do that. I dont know anyone that posts and shows people, hey I lost money the last two weeks in trading but I am still averaging 10% a month for the last three months. They have seen my trades, my ups, my downs. I dont see anyone else doing that. Talking is cheap. I dare any of these guys to open a thread and trade live online every day like I do for a full year. They wont do it because they really are blowing smoke. JBSMART ran after one genuine professional trader_called him out. He got his excuse to go run and hide. All talkie talkie, no walkie walkie. That is what the Chinese call it here in China. Open a thread and prove it, but knock off the talk until you do.

I dont mean to be harsh to you as a person, but I am sick and tired of talking to a group of people that really, really dont understand how it works. If you really understood you would know that it wouldnt blow an account.
  • #1,368
  • Oct 22, 2011 7:46am Oct 22, 2011 7:46am
Everyone will do his judgement, If you don't like bob strategy, you could choose go out here , I do not know why you stay here for what !

I really cannot understand someone talking was so uncouthly...

show us you have what, shut up your big mouth!
If your have holy grails ,I glad to study to you.
  • #1,369
  • Oct 22, 2011 10:45pm Oct 22, 2011 10:45pm
Quoting Devonfgu
Everyone will do his judgement, If you don't like bob strategy, you could choose go out here , I do not know why you stay here for what !

I really cannot understand someone talking was so uncouthly...

show us you have what, shut up your big mouth!
If your have holy grails ,I glad to study to you.
Did I ever say I have a holy grail? Of course not because no one does. What I have is what consistent and profitable traders all have... a strategy with probabilites in my favor over the long haul. If you really think I'm just here to try to bust bob's chops then go ask a professional trader if averaging down is a good idea. I've always said that if bob trades his methods with tiny positions he will probably avoid the black swans and ultimately make a profit, but compared to what he could have made trading with a stop it will be peanuts. I can't help but laugh when bob says he spends 4-6 weeks on average waiting (and hoping really) that a trade comes back to breakeven. Bob's method is not only less profitable, but more risky! It may not seem very risky because you are entering very small, but when all the positions go into drawdown - 1000's of pips negative - you will see how incredibly fast those small positions stacked against you tear away at your available margin. And you are creeping closer and closer to a margin call. If you are in drawdown for months you not only haven't made a dime, but you've lost money AND wasted all that time. I bet alot of you reading this right now know exactly what I'm talking about. I was once there myself. Now ask yourself, "does averaging down a losing position sound like something a good trader would do?".

And with that I will be leaving this thread for good. Good luck.
  • #1,370
  • Oct 22, 2011 10:51pm Oct 22, 2011 10:51pm
Quoting 2+2=4ex
Did I ever say I have a holy grail? Of course not because no one does. What I have is what consistent and profitable traders all have... a strategy with probabilites in my favor over the long haul. If you really think I'm just here to try to bust bob's chops then go ask a professional trader if averaging down is a good idea to MAXIMIZE potential profit. I've always said that if bob trades his methods with tiny positions he will probably avoid the black swans and ultimately make a profit, but compared to what he could have made trading with a stop...
We dont counter trade here or recovery trade, this is a trend trade thread. You guys just dont understand the difference and no matter how many times I explain it to you, it just doesnt register. So please take your preconceived misconceptions someplace else. You dont realize this yet but to all the people who post here know you just made a fool of yourself.
  • #1,371
  • Edited 11:30pm Oct 22, 2011 11:10pm | Edited 11:30pm
Quoting nanningbob
We dont counter trade here or recovery trade, this is a trend trade thread. You guys just dont understand the difference and no matter how many times I explain it to you, it just doesnt register. So please take your preconceived misconceptions someplace else. You dont realize this yet but to all the people who post here know you just made a fool of yourself.
Okay so I posted this in your trend thread instead of your range thread which advocates no stop. Do you really want me to cut and paste it over there?

Tell me something bob, how do you know when price is going to range or trend? That's nice that you have set certain rules to differentiate when price is already in a trend or range, but how do you know what's coming? You don't know. So why would you ever enter without a stop? Because it has been ranging? HA! You've said so yourself... you have wasted weeks trying to recover drawdown, instead of closing out the loss early and looking to reenter at another good setup. All the while putting your account at risk of substantial loss. That's the difference between you and a pro bob.

Okay, this time I'm out of here for real. Knock yourselves out you crazies.
  • #1,372
  • Oct 22, 2011 11:30pm Oct 22, 2011 11:30pm
Quoting 2+2=4ex
Okay so I posted this in your trend thread instead of your range thread which advocates no stop. Do you want me to cut and paste it over there?

Tell me something bob, how do you know when price is going to range or trend? That's nice that you have set certain rules to differentiate when price is already in a trend or range, but how do you know what's coming? You don't know. So why would you ever enter without a stop? Because it has been ranging? HA! You've said so yourself... you have wasted weeks trying to recover drawdown, instead of closing...
I use 10.0 theory to determine range or trends. Also dont ask questions and then say you are not coming back. I didnt waste weeks dealing with DD. I was pocketing profits the whole time. Again I have said this before I keep what I put in the bank. It is stupid and idiotic to criticize a trading system that has had its first two weeks of losses for the year. I have traded my way out and my equity curve now continues to go up. Funny you call yourself a professional trader but cant grasp patience in trading.

Range trading is just that, you are trading currency pairs that are not very volatile and you are trading their range of high and low. Aud/nzd is great for range trading, like taking candy from a baby. it just bounces up and down day after day, week after week, month after month, year after year. I have been trading that pair with range trading strategy for years. In fact it is by far my most profitable trading pair. You keep assuming it will crash crash crash. I dont think either NZD or AUD will crash in my lifetime. There is so much you falsely assume. You cant grasp the thought that there is a skill to counter trading and range trading. But there is. There is a skill to trend trading, breakout trading also. I understand all 4 basic trading methods, I understand the difference between the four. Some you use SL, some you multi level trade. You try to treat me like a weeny when I clearly understand how they work and you cant grasp in the least bit that they can. I know exactly where trouble will arise if it does and I know how to clean the problem out without trashing my account. That is a trading skill. If you dont want to recognize a trading skill staring you in the face that is your problem not mine. And yes I do know professional traders who practice these skills, it is just high lots, high leverage, use a SL guys refuse to call them professionals. They make money, their account keeps going up, why it is a skill. I dont care if you recognize it or not. It is a trading skill.
  • #1,373
  • Oct 23, 2011 12:28am Oct 23, 2011 12:28am
Dear Bob,
I have been trading for a few years now.
I am a poor trader who reads a lot of threads in order to glean some knowledge. As yet I have not found a trading system which I am confidant to trade. Perhaps that is because I am too afraid to put my trust into a system yet. I have followed your NB10 System since the beginning. I admit I stopped following it a few weeks ago, every now and then having a peek. I believe that your system/s work, yet still do not feel at ease.
Maybe I am not ready for it yet.
I am truly grateful to you for all the hard work you put into teaching and sharing so that others may learn and gain confidence.
In time I know that I will get there.
On behalf of myself and Sooooo many others on FF I thank you.
  • #1,374
  • Oct 23, 2011 1:24am Oct 23, 2011 1:24am
Quoting wobstix
Dear Bob,
I have been trading for a few years now.
I am a poor trader who reads a lot of threads in order to glean some knowledge. As yet I have not found a trading system which I am confidant to trade. Perhaps that is because I am too afraid to put my trust into a system yet. I have followed your NB10 System since the beginning. I admit I stopped following it a few weeks ago, every now and then having a peek. I believe that your system/s work, yet still do not feel at ease.
Maybe I am not ready for it yet.
I am truly grateful to you for all the...
The only way to learn is to get your feet wet. There are many penny brokers you can start at (IBFX is probably the best penny broker) and trade without having to worry about big loss of funds. 2-400 bucks, trade pennies and get the feel of it. Once you have some confidence and skill you can trade bigger. If you arent a trader you paid some tuition but not much. I recommend all new traders start with a penny account. Otherwise your tuition can be quite expensive. Learn one kind of trading system first. For example just try BO or simple crosses or S/R breaks and go from there. Trading with deadly accuracy is a good thread because the concept is simple and easy to follow and digest. I posted my 10.1 breakout system which wouldnt be hard to follow or understand. Get good at one type of trading and then branch out. Stay away from systems that have lots of indicators etc. Most professional traders use one or two indicators and keep an eye on fundamental moves. Learn to be good at one thing and grow from there. Good luck.
  • #1,375
  • Oct 23, 2011 3:10am Oct 23, 2011 3:10am
Thank you sir.
Will you be starting a separate thread for the Break out System ?
  • #1,376
  • Oct 23, 2011 3:35am Oct 23, 2011 3:35am
Quoting wobstix
Thank you sir.
Will you be starting a separate thread for the Break out System ?
No its part of the 10.0 system.
  • #1,377
  • Jan 12, 2012 1:33am Jan 12, 2012 1:33am
My first 1.0 trend trade. Rules are met, aren't they ?
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  • #1,378
  • Jan 12, 2012 6:08am Jan 12, 2012 6:08am
Still reading this thread since the beginning in the same time..
Page32, arf

Quoting MickaelFx
My first 1.0 trend trade. Rules are met, aren't they ?
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  • #1,379
  • Jan 12, 2012 7:42am Jan 12, 2012 7:42am
Anybody in ??
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  • #1,380
  • Jan 12, 2012 8:21am Jan 12, 2012 8:21am
MickaelFX, be sure to view the *10*.x trend trading thread here:
http://www.forexfactory.com/showthread.php?t=308304

This thread (the *1*.0 system) is a predecessor to what eventually turned into 10.0 trend and later 10.1 trend systems.
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