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Nb 10.0 trend trading system

  • #561
  • Nov 10, 2011 9:02am Nov 10, 2011 9:02am
Quoting JohnnyBSmart
Thank you and hopefully we are done with that. I will await your post and another view on the subject.

Have a great day,

Johnny
Johnny, I tried to send you a PM/email, but notice you've wisely removed the ability of FF members to harass you!

I've got a couple of queries bouncing around in my head relating to some of your posts (not entirely related to this thread though). If you get the chance and your willing, could you drop me an email to forexpippy @yahoo.co.uk? I promise it's nothing too taxing.

I'll repay you in dog treats
  • #562
  • Nov 10, 2011 9:27am Nov 10, 2011 9:27am
Quoting forexpippy
Johnny, I tried to send you a PM/email, but notice you've wisely removed the ability of FF members to harass you!

I've got a couple of queries bouncing around in my head relating to some of your posts (not entirely related to this thread though). If you get the chance and your willing, could you drop me an email to forexpippy @yahoo.co.uk? I promise it's nothing too taxing.

I'll repay you in dog treats
Hello forexpuppy,

I receive PM's every day. It is not blocked so try again. I do not hide from the puppies or the big dogs so bark all you want.

Bark!
  • #563
  • Nov 10, 2011 9:31am Nov 10, 2011 9:31am
Quoting JohnnyBSmart
Hello forexpuppy,

I receive PM's every day. It is not blocked so try again. I do not hide from the puppies or the big dogs so bark all you want.

Bark!
Hmmm, that's odd. i definitely don't get the "contact" part of your profile page that I get with everyone else.

Wasn't suggesting you were hiding!

Would you mind sending me a blank PM and I'll reply? No idea why your contact details aren't visible to me.
  • #564
  • Nov 10, 2011 11:41am Nov 10, 2011 11:41am
Quoting nanningbob
I have eur usd covered on both lines, pending sells.
Hey Nanningbob!

You said you have eur/usd pending sells (at 1.3495 one of them).

Now I want to ask, how did/do you manage them?

Because the price went down to 1.3484 and retraced from there to up to 1.3640. I got that position aswell on my demo, it is 100~140 pip in loss now.


How do you manage such retraces? Where do you step out, or are you still in?


(In order to help one must first understand the system )

Thanks in advance!
  • #565
  • Nov 10, 2011 3:55pm Nov 10, 2011 3:55pm
Quoting Dagobert
Hey Nanningbob!

You said you have eur/usd pending sells (at 1.3495 one of them).

Now I want to ask, how did/do you manage them?

Because the price went down to 1.3484 and retraced from there to up to 1.3640. I got that position aswell on my demo, it is 100~140 pip in loss now.


How do you manage such retraces? Where do you step out, or are you still in?


(In order to help one must first understand the system )

Thanks in advance!
I have kept that position because of my belief that eur is going down until there is some happy news. That happy news maybe that Italy has its act together and it is no problem. In other words they did something to Italy to kick the can down the road. So until the happy news comes out I will keep that position. My SL line is the blue line. I had added 2nd position at the black R line but since it didnt go anywhere I closed it out and kept the original position.
  • #566
  • Nov 10, 2011 4:08pm Nov 10, 2011 4:08pm
I posted 4 trades yesterday. The two JPY didnt take. Aud/Cad went 30 pips and the eur/usd went nowhere so I closed it for now.
  • #567
  • Nov 10, 2011 8:42pm Nov 10, 2011 8:42pm
Since today is a bank holiday, I am not expecting much to happen. I will just monitor what trades I have and expect profits to be small.
  • #568
  • Nov 11, 2011 6:23am Nov 11, 2011 6:23am
Hi Bob,
thank you very much for your system and for training us.
Yesterday I startet demoing. Looks very promising !
Have a nice weekend !
Attached Image (click to enlarge)
Click to Enlarge Name: bob_daily.png Size: 9 KB
  • #569
  • Nov 11, 2011 7:43am Nov 11, 2011 7:43am
Quoting tebis
Hi Bob,
thank you very much for your system and for training us.
Yesterday I startet demoing. Looks very promising !
Have a nice weekend !
Your welcome. I hope you do well. I like what I have seen so far in 2 weeks of testing.
  • #570
  • Nov 11, 2011 8:33am Nov 11, 2011 8:33am
Quoting nanningbob
Your welcome. I hope you do well. I like what I have seen so far in 2 weeks of testing.

Dear nanningbob,

I was to P. 35 post 522 I but i do not understand rules, where to set up BUY and SELL stop levels, when to enter and where is SL and TP. Please can you explain this better. Maybe this is because my english is not good.

Thank you in advance.
  • #571
  • Nov 11, 2011 4:10pm Nov 11, 2011 4:10pm
Quoting newnew
Dear nanningbob,

I was to P. 35 post 522 I but i do not understand rules, where to set up BUY and SELL stop levels, when to enter and where is SL and TP. Please can you explain this better. Maybe this is because my english is not good.

Thank you in advance.
I used a lot of pictures to show but I will try this weekend to explain it better. I assumed people understood certain aspects. I will try to explain the basics. OK?
  • #572
  • Nov 11, 2011 5:30pm Nov 11, 2011 5:30pm
Quoting nanningbob
I used a lot of pictures to show but I will try this weekend to explain it better. I assumed people understood certain aspects. I will try to explain the basics. OK?

OK, Thank you very much.
  • #573
  • Nov 12, 2011 1:36am Nov 12, 2011 1:36am
Quoting nanningbob
I used a lot of pictures to show but I will try this weekend to explain it better. I assumed people understood certain aspects. I will try to explain the basics. OK?
Looking forward to this myself. Have been working my way through the thread and very excited. Thanks Nanningbob!
  • #574
  • Nov 13, 2011 12:20am Nov 13, 2011 12:20am
Quoting JohnnyBSmart
Thank you and hopefully we are done with that. I will await your post and another view on the subject.

Have a great day,

Johnny
Johnny, I would be interested to hear your ideas on the SL methodology for Bob's 10.1 system. Clearly you are passionate about the topic, you use it as a main component in your trade plan, I assume executing it everyday, so who better to recommend the framework for it.

I might be making a poor assumption here (so I will apologize in advance to any experienced hard stop loss traders following the threads), but probably a large percentage of traders following Bob's threads don't use a stop loss and practice recovery or they use a very loose one. Personally, I have been successful with Bob's systems not using a stop loss. Part of me says I am doing well, so why spend time on something different. However, a bigger part of me says, maybe a stop loss methodology with 10.1 is a better way to go with the system. I think we all want to continually improve our trading and profitability, so I am open to ideas which improve trading. In the past, my experience with hard SL's has been poor. Maybe due to my poor application in the usage of them, but it seems like you take 2 steps forward, then 2.1 steps back and each month your account continues to be eroded away. So, interested to hear your plan.

So, my proposal, let's debate out a SL plan with the thread followers based on your recommendations, Bob has provided the system for entry, let's give it a test run, then analyze some results for adjustments. Perhaps after a couple hundred trades, we could begin to make some solid conclusions. At the end of the day, I think we will all gain from the experience.

Are you game? If so, why don't you start with some basics below, then expand as you see fit. I assume you have read Bob's info on the entry points, so:

1. Where do you place the initial SL for the trade?
2. At what point do you move the SL to BE?
3. As the trade goes further into profit, what is the methodology for moving the SL into profit territory?
4. Does your SL affect the size of your position or risk on each trade? If so, explain the methodology. For example if we decide to risk 1% of the account on each trade and your SL on trade 1 is 100 pips and on trade 2 is 50 pips, this would change your position size.

Hope that would provide some beginnings to handling the SL plan.

Good trading to all.

George
  • #575
  • Nov 13, 2011 5:57am Nov 13, 2011 5:57am
Hello there people. I have been looking at Bobs system and I do have to say I am intrigued. I will be testing over the next few days. Just to add a little spin to it I am going to try and test it on some large cap stocks on the LSE and see if the same principles apply. Looking back over the charts it looks promising that the same principles would apply.

I will let people know how I get on
  • #576
  • Nov 13, 2011 6:30am Nov 13, 2011 6:30am
Dear nanningbob,

I've read all documents you give. But I've never traded using EA before. Could you give me some rules to trade manually?

From what you discuss, I understand that:
- Detect major trend in D1 (with Basic template)
- If it's UT, mainly buy starting the next day. The same to DT.
- If it's end of a UT run/DT run, TP.
- If entering a Ranging time, switch to CRT.

But I don't know in detail to trade in H4 and H1....

Thank you a lot and have a nice weekend evening!
  • #577
  • Nov 13, 2011 7:54am Nov 13, 2011 7:54am
Quoting rockballad
Dear nanningbob,

I've read all documents you give. But I've never traded using EA before. Could you give me some rules to trade manually?

From what you discuss, I understand that:
- Detect major trend in D1 (with Basic template)
- If it's UT, mainly buy starting the next day. The same to DT.
- If it's end of a UT run/DT run, TP.
- If entering a Ranging time, switch to CRT.

But I don't know in detail to trade in H4 and H1....

Thank you a lot and have a nice weekend evening!
I posted the 10.1 update which uses pending trades instead of EAs. This will help those who like to manually trade instead of using EAs. I am sure someone will try to come up with an EA for this. Please go to page 1 post 1 for 10.1 update.
  • #578
  • Nov 13, 2011 10:04am Nov 13, 2011 10:04am
Terrific job, Bob. The instructions you posted are very clear now.

Thanks!
  • #579
  • Nov 13, 2011 11:35am Nov 13, 2011 11:35am
Thank you, nanningbob. I also use H4 mainly because I'm trading physical gold. Hope to have something to contribute back to the system :-)
  • #580
  • Nov 13, 2011 8:38pm Nov 13, 2011 8:38pm
I just find that RVI indicator could help you to detect UT or DT quickly.
You may have a better entry!
Attached File(s)
File Type: mq4 RVI.mq4   3 KB | 470 downloads
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