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Nb 10.0 trend trading system

  • #521
  • Nov 7, 2011 2:20am Nov 7, 2011 2:20am
Quoting The flame
next week...i've them at work...
Thank you so much ! I have resoved by myself ! HOHO !
It's so perfect . Thank you again!
  • #522
  • Nov 9, 2011 6:06am Nov 9, 2011 6:06am
OK. I have been playing with Squalou's adjustment to the S/R and have been having a bang up good time. Since Oct. 31 I have banged out 3960 pips in 10 days. I have never had a streak like that before. Just incredible. It does help that the market has been volatile so moves have been good but still it has been nice. I have looked at dozens of different ways to use different indicators but again I am finding the most simple to be the best. You can adjust according to your trading style but I think this will work all by itself just the way it is. First this is for trend trading, I have some reads for CT trading but I will post those after some more practice. The hardest part I have had is keeping it simple and not go indicator crazy. So now I have my 2 MA lines, a S/R indicator modified by Squalou, and of course my MACD STO CROSS. I dont use EAs with this even though you could but I use pending orders only. The two I have been practicing with are the buy/stop and the sell/stop. I think you will find more entrances than you will know what to do with on this system update. Anyway attached is the 10.1 update and I will also post this on the first page. Put the 10.1 template in the template folder and the 10.1 S&R indicator in the indicators folder. Put it on the screen and it should look like this. Daily first.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur usd d1.gif Size: 42 KB
Click to Enlarge Name: eur usd d2.gif Size: 29 KB
Attached File(s)
File Type: zip 10.1 update.zip   12 KB | 1,360 downloads
  • #523
  • Nov 9, 2011 6:07am Nov 9, 2011 6:07am
This is what the 4H should look like.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 4h1.gif Size: 34 KB
  • #524
  • Edited Nov 10, 2011 2:48am Nov 9, 2011 6:19am | Edited Nov 10, 2011 2:48am
Trading this now becomes simple. I changed this to 10.1 because I did make one change in the MA lines over 10.0 I change the 2MA line from 2 shift 2 to MA2 Shift 1 and kept it at smoothed. I kept the 8MA line the same. The rules are the same when Blue is above Red on the daily uptrend, when blue is below red on the daily downtrend. The change in entering now becomes price crossing the daily S/R lines. If you look at the pic below you will see different types of lines on the chart. Dotted lines and Straight lines. The black dotted lines are the current lines of the indicator, the black lines are the two closest resistance lines above price action in the last 60 days and the red lines are the two closest support daily lines in the last 60 days. From these lines you will place all your pending trades.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd d3.gif Size: 31 KB
  • #525
  • Nov 9, 2011 6:35am Nov 9, 2011 6:35am
Today I made 143 pips on the eur/usd and I have my pending sell ready for the USA session. Blue line below red look for sells by crossing Daily support lines. Daily support lines broken are almost a sure thing. SL lines would be the red line for the first trade. Blue line for the second and after trades or you could use previous Daily S/R lines for that.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd d4.gif Size: 40 KB
  • #526
  • Nov 9, 2011 6:45am Nov 9, 2011 6:45am
Here is 90 pips on the aud/usd trade. I have my pending ready if it breaks the double red S lines.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 39 KB
  • #527
  • Edited 7:05am Nov 9, 2011 6:52am | Edited 7:05am
I cannot thank Squalou enough for making this very dynamic indicator. This thing is dynamite. If you look at the aud/usd pic above. If price breaks those two red lines the indicator will automatically turn them into black R lines and then draw the next two R lines red. You can just keep following price down until it doesn't break a S line anymore. If price retraces back above the black line it will turn red and you can then place pending sell below the line. If price goes back into the trend you are in again. I have been doing this for two weeks and it is the most incredible thing I have ever seen. Just follow the lines and read the 10.0 directions ooopps 10.1 now.

  • #528
  • Nov 9, 2011 6:58am Nov 9, 2011 6:58am
So before I even got to the USA session today I did:
143 eur/usd
90 aud/usd
80 gbp/jpy
65 cad/jpy
45 gbp/usd
______________
423 pips today

over 4000 since Oct. 31

Go have fun guys, I am taking my wife out to party.
  • #529
  • Nov 9, 2011 7:14am Nov 9, 2011 7:14am
Quoting nanningbob
[size=5][size=3][b]I cannot thank Squalou enough for making this very dynamic indicator. This thing is dynamite. If you look at the aud/usd pic above. If price breaks those two red lines the indicator will automatically turn them into black R lines and then draw the next two R lines red. You can just keep following price down until it doesn't break a S line anymore. If price retraces back above the black line it will turn red and you can then place pending sell below the line. If price goes back into the trend you are in again. I have been doing...
Hello Bob, it seems there is not necessary to think about trend or ranging market any more with 10.1 logic, correct? It could be used for both condition.
  • #530
  • Nov 9, 2011 7:20am Nov 9, 2011 7:20am
Haha mr. Bob man....

How you buddie. me and mrs numb had a word or two... And idiot he is. Anyway, keep on doing what you doing, it is awesome results!!!!!!!!!!!

Quoting nanningbob
OH here is a warning to all you traders. Nubcake (nice name) wants you to know what he thinks of me and my trading systems. I print this so you can be warned about how bad, awful, and rotten I am. So beware of trading anything I post. Here is his warning so you all know:

[i][color=navy]bob appeals to the lowest common denominator. the fact is that anyone who populates an account with enough margin can trade randomly and probably perform comparably to bob, if not outperform if they use a little bit of clout. bob thinks he is onto the winning ticket.......
--We are products of our own decisions--
  • #531
  • Nov 9, 2011 7:25am Nov 9, 2011 7:25am
Hi Bob,

is this guy serious? Since I have followed your trading logs and trading styles since 60*90 thread, my trading have been better. Now I also trade daily only, use your 10.1 now and also use some Blessing EA with your trade logic succesfully. So who cares about such a freak, who is using the anonymious internet for such crap postings, for me its just spam, so ignore it and keep on posting. Your threads are really teaching how to fish

thanks Marius from Germany
  • #532
  • Nov 9, 2011 8:08am Nov 9, 2011 8:08am
Quoting peje
Hello Bob, it seems there is not necessary to think about trend or ranging market any more with 10.1 logic, correct? It could be used for both condition.
That will come from experience, the last couple of days have been dead so did not pick up many pips but I did get some. Today was good though. I have some other ideas too but need to see them in different market conditions.
  • #533
  • Nov 9, 2011 9:55am Nov 9, 2011 9:55am
Hi Bob.

How did the party with the mrs go hehe.

Bob, can you kindly explain how you follow the trend? What makes you place a order in a certain direction,?

Quoting nanningbob
That will come from experience, the last couple of days have been dead so did not pick up many pips but I did get some. Today was good though. I have some other ideas too but need to see them in different market conditions.
--We are products of our own decisions--
  • #534
  • Nov 9, 2011 10:08am Nov 9, 2011 10:08am
Quoting nanningbob
So before I even got to the USA session today I did:
143 eur/usd
90 aud/usd
80 gbp/jpy
65 cad/jpy
45 gbp/usd
______________
423 pips today

over 4000 since Oct. 31

Go have fun guys, I am taking my wife out to party.
Hello Bob,

I'm glad to see you learning the power of trading the SR's. I just briefly looked through your thread and it seems you're coming along nicely so I won't add anything. I didn't see anything on your post about how to use the SL. Don't forget the SL isn't just an account loss protector but is also a profit protector for the current trade.

A trading PLAN must be set in stone to move the SL to breakeven and above as the PA moves to profit. This will insure your success in every trade as risk is eliminated. Traders tend to get lazy and forget this key point. The question about using a SL or not using a SL always comes up due to the high level of success trading the SR's but it is a lesson that all traders should learn. Why continue in a trade with risk still there. When you have the option to eliminate that risk you should take it.

I see you eventually trading full contracts and then the SL becomes even more critical. The cost of the trade vs profitability or in other words RISKS makes the use of the SL a non issue as the cost of the trade to reenter after a SL hit is minimal.

Trade well and prosper,

Johnny
  • #535
  • Edited 11:50am Nov 9, 2011 10:32am | Edited 11:50am
Quoting JohnnyBSmart
Hello Bob,

I'm glad to see you learning the power of trading the SR's. I just briefly looked through your thread and it seems you're coming along nicely so I won't add anything. I didn't see anything on your post about how to use the SL. Don't forget the SL isn't just an account loss protector but is also a profit protector for the current trade.

A trading PLAN must be set in stone to move the SL to breakeven and above as the PA moves to profit. This will insure your success in every trade as risk is eliminated. Traders tend to get lazy and forget...
Hey Johnny, good to see you are still around. Ultimately it is lot size, not pips, that rakes in the cash. Hope you and Bob can bury the hatchet.

Cheers,

Aaron
Kill the ego, or it will kill the mission.
  • #536
  • Edited 2:14pm Nov 9, 2011 11:38am | Edited 2:14pm
Quoting JohnnyBSmart
Hello Bob,

I'm glad to see you learning the power of trading the SR's. I just briefly looked through your thread and it seems you're coming along nicely so I won't add anything. I didn't see anything on your post about how to use the SL. Don't forget the SL isn't just an account loss protector but is also a profit protector for the current trade.

A trading PLAN must be set in stone to move the SL to breakeven and above as the PA moves to profit. This will insure your success in every trade as risk is eliminated. Traders tend to get lazy and...
Johnny, nice little post with a nice point - eliminate risk. I've read bob's threads and I think he is a good trader. The guy gets it, especially as of late. It's what makes his reluctance to use stops (eliminate risk) so much harder to believe because he's clearly demonstrated that he knows how to pick trades. Or at least he says he doesn't use stops, but who really knows?? In any case, I understand everyone has their own ways and reasons and who am I to suggest otherwise. Regardless, I think we all have more similarities than differences. So cheers to that! And cheers to future success! Good luck all.
  • #537
  • Nov 9, 2011 12:00pm Nov 9, 2011 12:00pm
Quoting AaronWard
Hey Johnny, good to see you are still around. Ultimately it is lot size, not pips, that ranks in the cash. Hope you and Bob can bury the hatchet.

Cheers,

Aaron
Hello Aaron,

Yes, you are correct but unless you have confidence in your trading system increasing your lot size will have a negative affect. Traders who still wish to keep trading after losing decrease their lot size in defense. It always plays on their minds that it's their lack of experience that makes them lose instead of the fact the system they are using is garbage. Their hope is that if they stick around long enough they will eventually make money. You can see this all over FF and other sites. It's like sticking around a hospital in hopes of someday becoming a doctor.

The fact is a good trading system can be traded by an idiot and as long as he follows the rules he'll make money. This is why an EA can make money but ask 100 traders that question and more then half will say that EA's don't work. Very simply stated an EA of a bad system never works but an EA of a great system works every time.

I don't have any hatchet to bury as I don't hold any animosities towards anybody. Life is just too short. I will debate a subject to death as I enjoy doing it but when the game is over it's over. I know when to stay and when to leave but it hasn't always been that way. A person's mind changed against his will is of the same opinion still. The "SL no SL" thread is a good example of that statement. LOL.

I give trading ideas freely but once the idea is understood it's best to back-off and see what that seed produces. Bob is one of those special cases that took the time to really understand the value of what I was teaching. Most people just keep doing the same old thing and getting the same old results shutting their eyes to new ideas. Bob will become a great trader now that his eyes are open. I think that also applies to yourself.

Have a great day,

Johnny
  • #538
  • Edited 3:51pm Nov 9, 2011 3:32pm | Edited 3:51pm
Quoting JohnnyBSmart
...Have a great day, Johnny
Very good post and SOUND advice. It is good to have you back. IMHO you have a great deal to offer and we can learn a lot from you. Bob is an educator who welcomes a good debate and lively argument in the good old academic tradition. What he objected to and many of us agreed with his objection was the personal nature of the previous debates.

Kind Regards
P.S. and please stop the patronizing tone, we are all very mature adults here.
  • #539
  • Nov 9, 2011 4:01pm Nov 9, 2011 4:01pm
To the Beagles. I will try to be nice but I get very angry at your arrogance and ignorance. I have always taught SL in trend trading. Even though I have posted that several times in the SL thread you have always 100% of the time misrepresented my position in that matter. Frankly I have had with you 4. Also the S/R indicator has been part of my trading methods for a long time as a TP placement. The difference with this is when I asked Squalou and some others whether or not they could make it post previous S/R above and below price. Squalou was able to do that but it was my idea to develop the indicator. As a reminder to you and this thread of my position in trend trading you use SL and that has always been my position. PERIOD. In my 10.0 papers I recommended using either MA line as the SL line. That has never changed. If you had read Post 525:

Today I made 143 pips on the eur/usd and I have my pending sell ready for the USA session. Blue line below red look for sells by crossing Daily support lines. Daily support lines broken are almost a sure thing. SL lines would be the red line for the first trade. Blue line for the second and after trades or you could use previous Daily S/R lines for that.
Attached Thumbnails
  • #540
  • Nov 9, 2011 4:06pm Nov 9, 2011 4:06pm
Quoting Jpklouw
Hi Bob.

How did the party with the mrs go hehe.

Bob, can you kindly explain how you follow the trend? What makes you place a order in a certain direction,?
I know I did not get into a big explanation and tried to keep it short but read post 524 again. The rules are the same when Blue is above Red on the daily uptrend, when blue is below red on the daily downtrend.

Also, we will have to see what to do during range times, but there should be some success using the same system there. Just more of a chance to hit your SL. You may try straddling price with both a buy and a sell but I have only tried that a couple of times and it did work some and not work some.
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