Nb 10.0 trend trading system

Flippen amazing!

Great stuff, I only did 123 pips...

Bob

Were you holding the positions over the weekend and before the open?

Yes, I do a lot of trades but I also use small lots. THis allows me to take some risks that I would never do if I was trading bigger lots. I still trade one penny per 500 dollars in the account my risk is low but sometimes I hit it big. 2% increase on the account today.

I was waiting for a swing since 21 Nov and placed a buy order above the R levels.. was also waiting for the blue to cross the red on this main chart.

now will place SL above BE and watch PA. Currently this pair is giving me 140+ pips

Another short EU, radar scanned by Bob.

270+pips

bummer for this trade, but anyone knows what happened to Jpy?

I fancy crude short tomorrow as long as the NY close finishes with this Shooting Star and lower high. Added strength off 2 daily SR levels. Short pending below 96.95. The one day rally after the US retail news may have been a good chance for the Pro's to offload into the strength. This could get ugly and kill off any Santa Claus rally in stocks and give strength to the USD.

Dang just missed it, 964 pips yesterday. Wish I could cheat and add another 40 pips to that total.

JPY wants to weaken, Euro is going to weaken, let the weaker economy win. SHeeeeeeeeesh.

..and we just ride along. Cheers to all.

..thats why we are here. but beware of the word greed, a very dangerous human emotion.

Good entry there. I see a head and shoulder forming too, plus its well overbought zone. Anyway, u had a head start on shorting this crude, just hang in there. Good luck

My guesses were not too far off. Here is the COT report. You may want to filter your trading but sell eur gpb buy nzd aud usd and stay away from chf is their take also.

Traders placed their largest wager against the euro since June 2010 last week, betting a net $14.4 billion that the beleaguered euro zone will stay mired in the sovereign-debt crisis that has paralyzed it.

That position stood at 11% larger than the previous week, or a net 85,068 contracts as of Nov. 22, data from the Commodity Futures Trading Commission's weekly report on the commitments of traders showed.

Speculators were more optimistic about the dollar's prospects, betting a net $11.5 billion that the greenback will appreciate, up 23% from the prior week.

In the yen, the market held a net bet on the currency's expected rise worth $7 billion, or 43,180 contracts, up 28% from the week before.

Traders continue to be wary of the Swiss National Bank, which has vowed to act swiftly to weaken the Swiss franc if the currency strengthens too much. The market held a net wager against the franc worth $802 million, or 5,870 contracts.

The Australian and New Zealand dollars, both of which often fluctuate with commodity prices, saw bets in their favor cut by nearly one-third last week, although investors continue to think those currencies will appreciate. The Canadian dollar is seen as likely to fall, with a net wager against it of $2.1 billion, 26% higher than last week's pessimistic bet.

The market also views the British pound as vulnerable, increasing by 10% the wager against it to $3.6 billion, the data showed.

The CFTC's report measures major currencies held against the dollar. The data, usually released on Fridays for the week ended Tuesday, were delayed because of the Thanksgiving holiday.

Fundies play a big role too in helping us to make better decision on TP or hangin there.

I also watch the RWB indicators swing from 90% to 10% soon. As on the chart, the switch to blue below red and PA crossed the red support triggered my sell limit. And since PA stayed along blue line, I did not close this position.

Happy sky diving............

eur/nzd and gbp/nzd have been very kind to me this week

Gbpnzd moved over 1100+pips last week, even laggards ca scalp their way up.

Question: For these high probable trades, will you increase lot size?

Not at this time. I really am becoming a cheerleader for low leverage, low lots usage. It is worry free trading. I have decided that 10% a month is a good goal and over a period of years would bring me a great return on my investment. I realize being more selective in my trades with higher lots may give me a better return but for now 10% is my goal and a very reasonable one. One of the things I have learned or helps me learn is:
1. trading as many pairs as possible. This gives me every type of trading scenario very quickly. From slow moving pairs to the most volatile and everything in between. This helps my learning curve a great deal. For example the gbp/nzd helped me understand a big move move quickly instead of 3 months from now a eur/usd move that big. The experience was invaluable.
2. I also get to do some risky things you wouldnt dare do with higher lots. For example putting pending sells under every daily and 4H support lines. All of a sudden I have a bunch of winners or no entrances at all. (I also am experimenting with entering a position below a previous 4H or 1H candle in the direction of the trend if I miss an entrance or take a profit and want to reenter again if price keepsmoving in the trend.)
3. It allows me to be generous with my SL and get very few SL hits. I can even multi-level trade if I wish, one of my specialties but wont teach with trend trading because of its higher risk.
4. I am also learning my own system LOL, strange thing to say, but there are nuances with this system I even need to learn. S/R trading has not been my focus in the past even though I have used them but with this system it is a primary focus. I need to learn more of what to do and what not to do.
All in all I am very pleased with what I am seeing here and add to this my counter trade bubble system. (I promise to post this before the end of the year and possibly revive my 5.0 thread) I am doing very well. The reason I hit almost 700 pips on the gap was taking these kind of trades last Friday late.

Loving you system! Just caught the massive move on the AUDUSD pair. I had set three buy orders earlier in the day.

Here's the results of my audusd trade.