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Nb 10.0 trend trading system

  • #461
  • Oct 22, 2011 10:29am Oct 22, 2011 10:29am
The EA I posted on the previous page is an enter price EA or you can use pending orders to get your entrances back into the trend. When price crosses back over the blue line you can get ready for the next BO trend trade or CT or range trade it. I hope this helps.
  • #462
  • Oct 22, 2011 10:43am Oct 22, 2011 10:43am
Here is area 2 BO on 1H chart. Seven previous S/R levels are used. Once we get BO we keep going until it doesn't beat a S/R level anymore. We hit our targets and then set up for our next reentry. This is simply using 2MA lines and Daily S/R lines. Simple and easy to follow. When price no longer breaks to the next S/R level you are done with that move. If price does not break out from the 4 main lines on our daily we are not trading the BO. This should help cut down on the fake outs etc. common with BO systems. Trade your favorite pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud 1h f.gif Size: 41 KB
  • #463
  • Oct 22, 2011 10:45am Oct 22, 2011 10:45am
Maybe an indicator with just daily S/R lines after a BO maybe the best to use. I dont know if we need 4H lines or not?? Just asking the question.
  • #464
  • Oct 22, 2011 10:52am Oct 22, 2011 10:52am
Here is a recent Cad JPY Bo with Squalou's indicator. It will always give us the nearest two so I think it will work great.
Attached Image (click to enlarge)
Click to Enlarge Name: cad jpy.gif Size: 43 KB
  • #465
  • Oct 22, 2011 10:56am Oct 22, 2011 10:56am
Here is AUD CAD. We could play the first black R line for BO and the second as our profit target. That would be a BO trade using Squalou's indicator. As price broke each line it would give us the next line. Great job Squalou.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad.gif Size: 50 KB
  • #466
  • Oct 22, 2011 11:01am Oct 22, 2011 11:01am
Here is GBP/NZD potential BO using SQ indicator. This is showing a BO from a 4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd.gif Size: 47 KB
  • #467
  • Edited 11:21am Oct 22, 2011 11:11am | Edited 11:21am
Here are the same templates and indicators I used for in the previous pics. Test it out and see how it works. That is the 10.1 BO on a daily. If you use below a daily chart then 4H S/R will also show up on your screen. I also included the 10.1 enter price EA in case you wanted to use that instead of pending orders.

Also is Steve's MPTM set to magic number 1. The enter price EA is also a magic number 1. If you use the enter price EA then the MPTM will add a SL of 50 pips and will go to profit of +5 after price goes to +20. It will only manage trades set with a magic number of 01. Please test the EA and MPTM on a demo first before going live to make sure it works properly with your broker.
Attached File(s)
File Type: zip 10.1 B update.zip   27 KB | 708 downloads
File Type: zip 10.1 EA.zip   39 KB | 611 downloads
File Type: zip 10.1 SH MPTM 20+5.zip   19 KB | 617 downloads
  • #468
  • Oct 22, 2011 11:22am Oct 22, 2011 11:22am
Time for bed. Night.
  • #469
  • Oct 22, 2011 6:28pm Oct 22, 2011 6:28pm
If this story is true get ready to sell the Euro again:

http://www.creditwritedowns.com/2011...n-failure.html

I will again take the position of only doing sells on the Euro. It will be interesting to see if SNB will be able to hold the line on the euro/chf. My guess it wont but I wouldnt trust my guess.
  • #470
  • Oct 22, 2011 6:39pm Oct 22, 2011 6:39pm
Looks like Euro happy news is over. If you want to catch the break but you dont know when it will happen, I believe 10.1 will get you the right entrance at the right time. Here are three examples of potential trades and when to enter. The eur/usd is touching the High so I will enter there not expecting a BO up. eur/jpy, eur/aud, eur/gbp are shown below. This is a case of using fundamentals and technicals to enter a trade. The other side of this coin is the gbp usually follows the same direction as the euro, I would look there for sells also. I dont know how deep British banks are tied up with Greece however. I already have sells on the eur/usd and eur/nzd so I will add to my positions with BO from these pairs.

If some behind the scenes miracle happens you are not committed in these trades or this kind of trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur jpy.gif Size: 36 KB
Click to Enlarge Name: euro aud.gif Size: 41 KB
Click to Enlarge Name: euro gbp.gif Size: 43 KB
  • #471
  • Oct 22, 2011 8:29pm Oct 22, 2011 8:29pm
If this story is true get ready to sell the Euro again:

http://www.creditwritedowns.com/2011...n-failure.html

I will again take the position of only doing sells on the Euro. It will be interesting to see if SNB will be able to hold the line on the euro/chf. My guess it wont but I wouldnt trust my guess. In my 10.0 trend I posted a BO system I think would work very well in the upcoming market so I would seriously look at that or any other breakout system you are comfortable with.


I do not recommend range trading or CT trading during this upcoming possible super news story. If you find yourself on the wrong end of a trade you would be better off closing it than trying to ride it out. I have no idea how a 50% or greater loss on Greek debt will play out. I do have my guesses and they would be. Sell the euro, probably also the gbp. Chf I wouldn't touch them with a ten foot pole, SNB could do anything. USD probably be the currency of choice to appreciate and probably also the JPY. Commodity currencies Cad, NZD, AUD, I dont know but whatever direction they start to run they probably will run in that direction for a while. For those of you who know more about fundamentals please post your thoughts. Thank you.
  • #472
  • Oct 23, 2011 8:03am Oct 23, 2011 8:03am
what are the defaults on this bo ea ie waht is 180 pips mean

thnaks
  • #473
  • Oct 23, 2011 9:15am Oct 23, 2011 9:15am
Quoting censura
what are the defaults on this bo ea ie waht is 180 pips mean

thnaks
No defaults on the EA you enter the price you want the trade to enter and it will enter at that price. OR you can use pending orders. Egads if you dont know what 180 pips mean you need to get out of Forex. SHeeeeeeesh.
  • #474
  • Oct 23, 2011 9:58am Oct 23, 2011 9:58am
Quoting nanningbob
If this story is true get ready to sell the Euro again:

http://www.creditwritedowns.com/2011...n-failure.html

I will again take the position of only doing sells on the Euro. It will be interesting to see if SNB will be able to hold the line on the euro/chf. My guess it wont but I wouldnt trust my guess. In my 10.0 trend I posted a BO system I think would work very well in the upcoming market so I would seriously look at that or any other...
This story is true and to a certain extent the market already knows how bad things are in Greece.

I dont really see a huge sell of EURO coming as the big boys will be looking to the new bail out package before deciding to panic sell, it will all depend on if the market believes the EU states have a credible plan and not just for 6 months. We are being told that they have agreed a solution but then we have been told that before!!!!

However, i agree that you will be much more likely to see the commodity currencies rise short term.

I have to admit though that I am very surprised that ultimately Germany and France are going to basically through money down a big hole with no prospect of getting it back in the next decade or so.

Even if the IMF are part of the long term plan it will come at a very high price for all those involved.

Many of these people in Government and the banks should be sitting in Jail because the Greek people are going to be very poor or poorer for the next century or so.

I hope I am wrong but.....

Scoobs.
  • #475
  • Oct 23, 2011 5:56pm Oct 23, 2011 5:56pm
Quoting scooby-doo
This story is true and to a certain extent the market already knows how bad things are in Greece.

I dont really see a huge sell of EURO coming as the big boys will be looking to the new bail out package before deciding to panic sell, it will all depend on if the market believes the EU states have a credible plan and not just for 6 months. We are being told that they have agreed a solution but then we have been told that before!!!!

However, i agree that you will be much more likely to see the commodity currencies rise short term.

I have...
The one thing I see in Europe is no matter what happens with Greece, Ireland, Spain, Italy, or Portugal will be up next. The people of Germany dont want to go any deeper but the govt. is committed to keeping the Euro going. So my eyes are on the Germans and what they do. Everything else really doesnt matter. If they say the Euro exists it exists if they say we are out, then it is doomed. Any rally in the Euro will be short term until the next round of defaults. After Euro is done the USA or JPY will be next. JPY has been hearing that for a decade so.......... I still have hope for the USA to get its act together but time and borrowing space is running out.
  • #476
  • Oct 23, 2011 6:47pm Oct 23, 2011 6:47pm
Quoting nanningbob
The one thing I see in Europe is no matter what happens with Greece, Ireland, Spain, Italy, or Portugal will be up next. The people of Germany dont want to go any deeper but the govt. is committed to keeping the Euro going. So my eyes are on the Germans and what they do. Everything else really doesnt matter. If they say the Euro exists it exists if they say we are out, then it is doomed. Any rally in the Euro will be short term until the next round of defaults. After Euro is done the USA or JPY will be next. JPY has been hearing that for a decade...
The german people wont put up with it anymore.
  • #477
  • Oct 24, 2011 11:23am Oct 24, 2011 11:23am
Quoting scooby-doo
The german people wont put up with it anymore.
I hope they dont put up with it anymore, but so many signs point to German Govt just opening the flood gates and pumping money like its a firesale. The entire EU is just doomed in my eyes. I dont see how Germany will have enough to bail everyone out. As Bob points out its not just Greece, but most other European countries are tethering on brink of default.

The entire EU needs a restructuring in my opinion, we have too many central bankers and politicians doing the job of one, so unless massive changes occurs I dont know how they can keep this madness long term.
  • #478
  • Oct 24, 2011 2:40pm Oct 24, 2011 2:40pm
Quoting nanningbob
Here are the same templates and indicators I used for in the previous pics. Test it out and see how it works. That is the 10.1 BO on a daily. If you use below a daily chart then 4H S/R will also show up on your screen. I also included the 10.1 enter price EA in case you wanted to use that instead of pending orders.

Also is Steve's MPTM set to magic number 1. The enter price EA is also a magic number 1. If you use the enter price EA then the MPTM will add a SL of 50 pips and will go to profit of +5 after price goes to +20. It will only manage...

Nanningbob,

The system you have is really good. I think the 10.1 is going to be rock solid. In preliminary testing, it provides fewer signals, but the break-outs, when they happen, are rock-solid.

I sincerely thank you for your contribution. I will continue to test it and provide feedback.

Thank you
  • #479
  • Oct 24, 2011 2:44pm Oct 24, 2011 2:44pm
Quoting censura
what are the defaults on this bo ea ie waht is 180 pips mean

thnaks
The 180 pips is the re-entry level should the trade go the other way. L2 trades are activated once the 180 pips is reached and then L3 opens at another 180 pips below (360). When price retraces, it closes at break-even. I'm trying to figure out if we can set it somewhere to close at x pips profit, instead of small loss or break-even.

SK
  • #480
  • Oct 24, 2011 2:46pm Oct 24, 2011 2:46pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Quoting gustav213

The entire EU needs a restructuring in my opinion, we have too many central bankers and politicians doing the job of one, so unless massive changes occurs I dont know how they can keep this madness long term.


Here is a clever overview of this situation.
http://www.nytimes.com/interactive/2...ro-crisis.html

have a look,
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