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Nb 10.0 trend trading system

  • #641
  • Nov 17, 2011 9:07am Nov 17, 2011 9:07am
OMG - What happened to this pair. I had this pair open since couple of days ago, and with the +pips running, I place the SL below the H4 R zones. And the PA just kept rallying up now.
GUess I 'd hv to TP soon.

This is abt +158pips now.
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  • #642
  • Nov 17, 2011 9:09am Nov 17, 2011 9:09am
where/when did you get in?

Quoting Kelisa
OMG - What happened to this pair. I had this pair open since couple of days ago, and with the +pips running, I place the SL below the H4 R zones. And the PA just kept rallying up now.
GUess I 'd hv to TP soon.

This is abt +158pips now.
  • #643
  • Nov 17, 2011 9:11am Nov 17, 2011 9:11am
Quoting cmeade2
where/when did you get in?
15th Nov...
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  • #644
  • Nov 17, 2011 9:22am Nov 17, 2011 9:22am
AU and AJ have some pretty nice H4 DT..
  • #645
  • Nov 17, 2011 9:59am Nov 17, 2011 9:59am
I have buy stops in place for both eurjpy and gbpjpy just above daily resistance lines - we have seen so consolidation in both i believe and it wouldnt be beyond reason to see jpy intervention at some point again.

104.90 on eurjpy tp 106. 40
122.20 on gbpjpy tp 123.20

lets see
  • #646
  • Nov 17, 2011 12:29pm Nov 17, 2011 12:29pm
Au, Acad, EurAud, Audjpy: All these 4 pairs TP already around NY 2pm
  • #647
  • Nov 17, 2011 8:20pm Nov 17, 2011 8:20pm
I want to thank all of you for your input and discussion of specific trades. Please keep posting and commenting, I think this is healthy and allows me to relax and not post so much. This system is really rocking, my problem is I am so negative EURO I cant get myself to buy. Good eur/nzd trade posted on the last page. Gbp/nzd did the same thing. NZD is dropping like a rock for some reason but against the euro I can harldly believe my eyes. What could be going on in NZD land to make it drop against the EURO right now?????
  • #648
  • Nov 18, 2011 1:03am Nov 18, 2011 1:03am
Quoting nanningbob
I want to thank all of you for your input and discussion of specific trades. Please keep posting and commenting, I think this is healthy and allows me to relax and not post so much. This system is really rocking, my problem is I am so negative EURO I cant get myself to buy. Good eur/nzd trade posted on the last page. Gbp/nzd did the same thing. NZD is dropping like a rock for some reason but against the euro I can harldly believe my eyes. What could be going on in NZD land to make it drop against the EURO right now?????
Personally I want to thank Bob for his hardwork: putting all this materials, indis, strategies and great thoughts into 10.1. And best of it is, he openly shares with anyone who is interested with open ears and hearts to learn and benefit from it.

Being able to adapt to new trading strategy is not easy for everyone. Its like you learn to play golf the wrong way, and later u get a pro to coach u on the correct stance, it will be very difficult to change the old techniques.

As for Bob's 10.1, the rules of engagement is pretty straight forward. I guess anyone can follow these simple steps. The only issue here is, when u allow emotion to take over your trading strategies, u will for sure lose it back. Think how to protect your capital is more important than think how much u can win.
  • #649
  • Nov 18, 2011 1:35am Nov 18, 2011 1:35am
Hello,

Although 10.1 instruction is clear here I have situation with XAUUSD when I am not sure. Probably no trade till price moves to one of 4H S/R but if I would to enter anyway? Any suggestion?
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  • #650
  • Nov 18, 2011 4:45am Nov 18, 2011 4:45am
I see, thank you. Will try it that way thanks mate.

Quoting nanningbob
I almost exclusively trade off the break of a daily. I have tried a couple where I saw a big profit (over 100) pips but I was still a ways from the next S/R line. I took my profit and then looked at the 4H chart for a line I could reenter if price kept moving. It worked a couple of times and other times it didnt. Either way tough I got my profit secured.
--We are products of our own decisions--
  • #651
  • Nov 18, 2011 7:46am Nov 18, 2011 7:46am
Quoting peje
Hello,

Although 10.1 instruction is clear here I have situation with XAUUSD when I am not sure. Probably no trade till price moves to one of 4H S/R but if I would to enter anyway? Any suggestion?
Gold, to me anyway, is different from other trading instruments in that you need a certain amount of fear for price to go up. I dont believe in Gold economic theory because they cant sell the product unless they instill a certain amount of fear into the seller. They have more doomsday scenarios than any other group. To me that is a very unique method of selling, like selling fire alarm equipment to a home owner. After saying all that, to me anyway, you need an indicator that measures the fear of the market. If fear goes up gold goes up, if fear goes down, gold goes down. With Euro sitting on the edge it can go in any direction. If they announce they have enough money to cover the debt, the euro will go up. Fear will go down and gold will go down. If they cant cover their debts for the short term then gold will climb into the sky. So get your fear indicator out and check the winds to see how they blow.
  • #652
  • Nov 18, 2011 11:17am Nov 18, 2011 11:17am
Quoting nanningbob
This system is really rocking, my problem is I am so negative EURO I cant get myself to buy. Good eur/nzd trade posted on the last page. Gbp/nzd did the same thing. NZD is dropping like a rock for some reason but against the euro I can harldly believe my eyes. What could be going on in NZD land to make it drop against the EURO right now?????
Same here. Keep saying "What the"

Funny, reset my demo account last night, as I had jumped on to this trend trading breakout method last weekend. It showed great results the first 4 days even though I was't too focused on it. Today got trashed. That can happen.

In other News. My NB CTR live account is up 42% from May (with a month off in July on vacation)

Thanks for everything you have helped us achieve Bob.

Gotta keep probing and prodding.

Cheers

James
  • #653
  • Nov 18, 2011 2:39pm Nov 18, 2011 2:39pm
Quoting ashkan_no9
Hi Bob

I have 3 groups of pairs.

for CTR trading:
AUDCAD - AUDCHF - AUDJPY - AUDNZD - CADJPY - CHFJPY - EURGBP - NZDCHF - NZDJPY - USDCAD - USDJPY

For TREND trading:
EURAUD - EURCAD - EURCHF - EURJPY - EURNZD - EURUSD - GBPAUD - GBPCHF - GBPJPY - USDCHF

For CTR & TREND trading:
AUDUSD - GBPCAD - GBPUSD

What do you think about these groups?
Which pairs do you use for TREND trading?
I have moved the AUD/NZD pair to a trending pair, either with 10.1 or looking for a daily reversal O/I. I tried to range or counter trade it with 1H or 4H CTR and you end up in DD pretty quickly. The daily chart is a great example. It has been going up for 2 months. It only has had 1 day below the red line. Hope that helps.

Good trading to you...

George
  • #654
  • Nov 18, 2011 5:56pm Nov 18, 2011 5:56pm
Quoting George Adams
I have moved the AUD/NZD pair to a trending pair, either with 10.1 or looking for a daily reversal O/I. I tried to range or counter trade it with 1H or 4H CTR and you end up in DD pretty quickly. The daily chart is a great example. It has been going up for 2 months. It only has had 1 day below the red line. Hope that helps.

Good trading to you...

George
But that is not normal for the aud/nzd, Since the NZD credit downgrade it has been dropping. I have quit range trading for now, just too many negative stories out there.
  • #655
  • Nov 18, 2011 9:24pm Nov 18, 2011 9:24pm
Quoting nanningbob
But that is not normal for the aud/nzd, Since the NZD credit downgrade it has been dropping. I have quit range trading for now, just too many negative stories out there.
Without cluttering up the trend thread with range information, I posted some results on the AUD/NZD and other pairs during the summer range trading session to analyze the results and test my memory, which is not as good as it used to be. You can link to it below.

George

http://www.forexfactory.com/showthre...32#post5148532
  • #656
  • Nov 18, 2011 10:49pm Nov 18, 2011 10:49pm
I'm also trading Gold. I like the idea of NanningBob. But I think as other pairs, all is in the price. Follow the trend ... till it bends, you can also get even more profit than others.

I'd like to show a scenario...

http://nf3.upanh.com/b4.s17.d2/2ca50...8050023.g2.png
  • #657
  • Nov 19, 2011 8:21am Nov 19, 2011 8:21am
Quoting rockballad
I'm also trading Gold. I like the idea of NanningBob. But I think as other pairs, all is in the price. Follow the trend ... till it bends, you can also get even more profit than others.

I'd like to show a scenario...

http://nf3.upanh.com/b4.s17.d2/2ca50...8050023.g2.png
I think betting on gold going up is a stronger trade than the Euro going down. The one warning about gold is some country selling off some of the gold to cover debt and floods the market like France did several weeks ago. Other than that warning though gold going up looks good especially if our dumb congress cant get their cuts and tax hikes lined up. SHeeeeeeeeesh.
  • #658
  • Nov 19, 2011 8:43am Nov 19, 2011 8:43am
Does anyone have a working close all pending orders script. The ones I have only close on pair at a time. I would like to have one that closes all of them at once.
  • #659
  • Nov 19, 2011 8:56am Nov 19, 2011 8:56am
Quoting nanningbob
Does anyone have a working close all pending orders script. The ones I have only close on pair at a time. I would like to have one that closes all of them at once.
Is this the thing you need? The author said that "I made it so it will close all open orders, delete all pending orders, set sl tp, view in pips or base currency and monitor all open orders at a glance."

http://www.forexfactory.com/showthread.php?t=236747

Do you think from the chart that Gold will test 1692 (D1 support) next week? It's the lower band of BB. If it's not, I think Gold will go down even more stronger.
  • #660
  • Nov 19, 2011 4:25pm Nov 19, 2011 4:25pm
Quoting rockballad
Is this the thing you need? The author said that "I made it so it will close all open orders, delete all pending orders, set sl tp, view in pips or base currency and monitor all open orders at a glance."

http://www.forexfactory.com/showthread.php?t=236747

Do you think from the chart that Gold will test 1692 (D1 support) next week? It's the lower band of BB. If it's not, I think Gold will go down even more stronger.
I have no idea, gold is directed more by fear than anything so technically I wouldnt know. I cant trade it or even bring up a chart.
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