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Nb 10.0 trend trading system

  • #981
  • Jan 11, 2012 4:18pm Jan 11, 2012 4:18pm
Quoting fire580
Hi Bob,

Are you drawing in the weekly S/R lines by hand or?
I took the indicator and made one for weekly lines and one for daily lines. So each set of lines has its own indicator. I am experimenting with the weekly settings. For example if I set it for 600 it will look back 600 weeks for S/R lines. Hopefully I will get more lines that when broken are very powerful. I just dont find 4H lines that reliable and are too many. If I can get my chart with several daily, weekly and then the open line of the weekly I should have more than enough lines to trade off of successfully. Weekly lines also make good TP lines or a place where the trend or BO may end. So still doing some refining.
  • #982
  • Jan 11, 2012 5:04pm Jan 11, 2012 5:04pm
I thank for this system and I am suprised why I didnt checked this system from the beginning. Thank you nanningbob. If you need help for indicators I will try my best to help you. I am newbie but I have coding background. I wish you and us lots of pips.
Your Personal Forex Companion + Forex Program Developer + Forex Mentor
  • #983
  • Jan 11, 2012 5:06pm Jan 11, 2012 5:06pm
Nice day for a few hundred pips. Bob you are a genius.
Attached Image (click to enlarge)
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  • #984
  • Jan 11, 2012 8:03pm Jan 11, 2012 8:03pm
Look at the gbp/usd for a sell. Weekly support line at 152.700 if it breaks that line it could be a nice drop. Price probably could stall there also so take your profit in that area and then see if it breaks through.
  • #985
  • Jan 11, 2012 8:09pm Jan 11, 2012 8:09pm
gbp/nzd sell look for it to break 192.00.
gbp/cad sell look at breaking 1.5569

I am not trading the gbp/chf or eur/chf at this time.
  • #986
  • Jan 12, 2012 6:53am Jan 12, 2012 6:53am
EU TP 60+pips.
Attached Image (click to enlarge)
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  • #987
  • Jan 12, 2012 6:57am Jan 12, 2012 6:57am
Pretty gutsy to buy the EU. Glad it worked out!

Quoting Kelisa
EU TP 60+pips.
  • #988
  • Jan 12, 2012 7:17am Jan 12, 2012 7:17am
Quoting Kelisa
EU TP 60+pips.
Did you opened a long trade?
why? it's down trend.
  • #989
  • Jan 12, 2012 7:47am Jan 12, 2012 7:47am
Quoting Kelisa
EU TP 60+pips.

kelisa,

great trade.

i have been looking at bounces off Support lines as possible trades but only testing them so far. In this case the bounce went above the weekly open and up to the nearest (almost) H4 Resistance.

Can you provide rationale for your trade.

thanks.
  • #990
  • Jan 12, 2012 8:02am Jan 12, 2012 8:02am
Quoting aacd_1
Did you opened a long trade?
why? it's down trend.
Actually it was a nice trade off of a double bottom. I used to be only a counter trend trader for years and took many trades like that. I have not been looking for them recently because the markets are trending very strongly but that is a good trade. Cant believe I missed that one but I havent taken a buy trade on a euro in over 4 months. Not even looking for them but that was a great trade.
  • #991
  • Jan 12, 2012 8:15am Jan 12, 2012 8:15am
Quoting nanningbob
Actually it was a nice trade off of a double bottom. I used to be only a counter trend trader for years and took many trades like that. I have not been looking for them recently because the markets are trending very strongly but that is a good trade. Cant believe I missed that one but I havent taken a buy trade on a euro in over 4 months. Not even looking for them but that was a great trade.
thanks for your explain.

I open sell order at EURUSD 1.2780 and GBPUSD1.5360 .
  • #992
  • Jan 12, 2012 9:16am Jan 12, 2012 9:16am
Just closed a Buy EURGBP at 0.8365 near D1 resistance. Now have new pending buy on other side at 0.8380.

Still have GJ sell open with 59 pips profit. TP is just shy of W1 Support at 116.833. Just some concern if BOJ intervenes.
  • #993
  • Jan 12, 2012 9:38am Jan 12, 2012 9:38am
Thanks for the prompt explanation Bob
  • #994
  • Jan 12, 2012 1:36pm Jan 12, 2012 1:36pm
I was asked on PM to explain my cable short:

At point 'a' I had a sell order. The rationale was:

1. Downtrend as indicated by the MAs being in correct order
2. Price had entered the MA 'shadow' (between the MAs-a dead zone)
3. As the trend was down a break of the MA should mean the slight bear flag was over. If not the the trade would not have filled and the next day I would have moved it to under the red MA for example. Plus the up candle was not a convincing thrust up and finished near the lows, a la Shooting Star almost.

Bob did mention that you can place orders under dynamic support such as the MAs or even the last low of a nearby candle. But they must be 'with trend' ie the same direction that your MAs are indicating.
Attached Image (click to enlarge)
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Trade less and become more profitable!
  • #995
  • Jan 12, 2012 1:39pm Jan 12, 2012 1:39pm
Me again!

Can anyone with sufficient coding experience 'turn off' the black daily dotted lines and H4 dotted lines on Squalou's excellent indy as I only want the indy to show the solid black and red lines?

Also Bob, do you have a copy of the version you have that paints the weekly version of the above?

Thanks all,
Trade less and become more profitable!
  • #996
  • Jan 12, 2012 2:06pm Jan 12, 2012 2:06pm
Quoting Grimweasel
Me again!

Can anyone with sufficient coding experience 'turn off' the black daily dotted lines and H4 dotted lines on Squalou's excellent indy as I only want the indy to show the solid black and red lines?

Also Bob, do you have a copy of the version you have that paints the weekly version of the above?

Thanks all,
Hi Grimweasel,click on colours on squalou's indi and change to same colour as background on the template (gainsboro)
Attached Image (click to enlarge)
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  • #997
  • Jan 12, 2012 6:49pm Jan 12, 2012 6:49pm
It looks like Forex maybe taking a breather from these big trend moves we have been seeing. Most of the pairs are showing double tops/bottoms and strong R/S points. Dont know if they will keep going or not but I suspect we will have a period of range trading. Just a logical guess for now. Most likely it will take a major news story to break these S/R points so look for them. If they dont get them then we will range for a while.
  • #998
  • Jan 12, 2012 6:56pm Jan 12, 2012 6:56pm
Go to the upper right corner, you will see a paper clip with a number on it. Presently 222. Open that and then click on hide images. You will see every indicator that has been posted. You will find the weekly indicator on Nov. 24 click on it and it will download.
  • #999
  • Jan 12, 2012 8:17pm Jan 12, 2012 8:17pm
Quoting nanningbob
Go to the upper right corner, you will see a paper clip with a number on it. Presently 222. Open that and then click on hide images. You will see every indicator that has been posted. You will find the weekly indicator on Nov. 24 click on it and it will download.
thanks so know i can see the weekly s/r

muchas gracias
  • #1,000
  • Jan 12, 2012 8:56pm Jan 12, 2012 8:56pm
Is there any way to change the color back ground of a TF. For example grey on daily and pink on 4H. My idea is to have one type of trading system on one TF and another kind on a different TF but I want the different colored back ground to let me know I have switched trading systems. Just curious.
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