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Nb 10.0 trend trading system

  • #1,061
  • Jan 21, 2012 11:49am Jan 21, 2012 11:49am
Quoting nanningbob
The only way the EA could be on the basic screen is if you saved it that way. take the EA off the chart (upper right hand corner) save the screen to the basic and it will be gone. Otherwise turn off the expert advisor button until you get your screen problem solved.
Thanks Bob, appreciate!!
  • #1,062
  • Jan 21, 2012 1:46pm Jan 21, 2012 1:46pm
Basist

the values are worked out by 60 four hours bars
on daily 60 daily bars.
I asked that question to Bob above.

same value on a 4 hr chart would be 360 bars back.
rat
  • #1,063
  • Jan 21, 2012 11:59pm Jan 21, 2012 11:59pm
Quoting rattyo
Bob
This SR Indicator. The "daysback" does this count the bars back on the specific timeframe its set to.

Where can I find a detailed description of how the indicator is working looking at the script how its coded which Im not very good at and it appears to be taking candle high points and lows along with fib levels to come to these SR levels.
The best person to ask these questions would be Squalou. He designed the indicator in its present form. The original indicator was developed years ago and I dont know who the original person who made it. I have been using the base S/R indicator for many years now but my best understanding is it uses candle high and lows similar to the fractal indicator. I dont know if it uses fib levels in its formula but to get lines to go all the way across the screen probably needed to use the fib line drawing formula. That is my best understanding but I maybe off on some of it.
  • #1,064
  • Jan 22, 2012 4:51am Jan 22, 2012 4:51am
I wish all chinese and people in china have a nice spring festival.
  • #1,065
  • Jan 22, 2012 11:18am Jan 22, 2012 11:18am
Quoting yachli
I wish all chinese and people in china have a nice spring festival.
I dont get to sleep tonight. Boom boom bang bang all night long. I love it though they really enjoy their new year celebration here.
  • #1,066
  • Jan 22, 2012 11:49am Jan 22, 2012 11:49am
Quoting rattyo
Bob
This SR Indicator. The "daysback" does this count the bars back on the specific timeframe its set to.

Where can I find a detailed description of how the indicator is working looking at the script how its coded which Im not very good at and it appears to be taking candle high points and lows along with fib levels to come to these SR levels.
Thank you rattyo
  • #1,067
  • Jan 22, 2012 7:34pm Jan 22, 2012 7:34pm
I am going to post a couple of trade ideas for the week. Here is the AUD. You will see it is at a weekly resistance point. It will either bounce or breakthrough. First the aud/usd I think the pic tells you the picture. You can see the blue R line and I put in some trend lines.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 28 KB
  • #1,068
  • Jan 22, 2012 7:35pm Jan 22, 2012 7:35pm
Here is the aud/cad nice double top to trade off of. I have sells on these, if the sells dont work then you can go with a break out buy.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad.gif Size: 25 KB
  • #1,069
  • Jan 22, 2012 7:38pm Jan 22, 2012 7:38pm
Here is the aud/chf. A double top from a ways back but it is there. Weekly charts give you a nice over view of what a currency has been doing. Now you can go to a lower chart and enter your trade. Breakout up or bounce back down. Rejection at Resistance. All three of these pairs are telling you something about the Aud.
Attached Image (click to enlarge)
Click to Enlarge Name: aud chf.gif Size: 24 KB
  • #1,070
  • Jan 22, 2012 7:42pm Jan 22, 2012 7:42pm
This leaves us with the aud/jpy the trendlines show it could go either way along with the rest of the aud pairs. Maybe someone knows the fundamentals behinds what it will do next.
Attached Image (click to enlarge)
Click to Enlarge Name: aud jpy.gif Size: 34 KB
  • #1,071
  • Jan 22, 2012 7:44pm Jan 22, 2012 7:44pm
You can straddle trade these pairs and put a pending order buy above the trendlines and/or R lines above these points or use sell stop orders on S lines below these points. No matter which direction price goes you can get it. Good luck.
  • #1,072
  • Jan 22, 2012 7:51pm Jan 22, 2012 7:51pm
I looked at almost every currency pair and all seem to be at S/R or trendline break points on the weekly. So we will either have a range week in which prices will bounce off of these points or a break out week as price pushes through these points. Happy trading.

I have been heavily tading the gbp/cad the last six months. As you can see it has been ranging within a 1000 pip range for about 2 years now. Just draw a trendline and follow the price. When it breaks the line go the other way with your trade. A piece of cake until its fundamentals change. So another place to put your sell. If it breaks that trend line on the weekly then go to a buy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad.gif Size: 20 KB
  • #1,073
  • Jan 24, 2012 5:51am Jan 24, 2012 5:51am
eu

pending

buy an sell order
Attached Image (click to enlarge)
Click to Enlarge Name: eur ejemplo 9.gif Size: 63 KB
  • #1,074
  • Jan 24, 2012 6:01am Jan 24, 2012 6:01am
double top

on day chart audcad
Attached Image (click to enlarge)
Click to Enlarge Name: eur ejemplo 10.gif Size: 73 KB
  • #1,075
  • Jan 24, 2012 6:13am Jan 24, 2012 6:13am
buylimit on nzdusd

check it on h1 chart

buy trend on day chart
Attached Image (click to enlarge)
Click to Enlarge Name: eur ejemplo 11.gif Size: 55 KB
  • #1,076
  • Jan 24, 2012 2:40pm Jan 24, 2012 2:40pm
great observation NB on AUDs
  • #1,077
  • Jan 26, 2012 9:06pm Jan 26, 2012 9:06pm
eu
Attached Image (click to enlarge)
Click to Enlarge Name: eur ejemplo 12.gif Size: 55 KB
  • #1,078
  • Jan 27, 2012 5:50am Jan 27, 2012 5:50am
Quoting jucaorma
eu
i close the eu buy on +31pips
  • #1,079
  • Jan 27, 2012 10:50am Jan 27, 2012 10:50am
Quoting jucaorma
i close the eu buy on +31pips
What was your reason to close your trade? I bought at 1.3090 (just above S1 and will probably close around 1.3197 (unless it spring above R1/R2). Currently I have 76 pips on the trade.
  • #1,080
  • Jan 27, 2012 12:42pm Jan 27, 2012 12:42pm
This is a fantasstic method to trade. I have struggled for a few years to find a method that fits me and this might be it. This week I have made 8 trade (5 winner/3 losers) for a total pip gain of 361. I am trading this live, but on a micro account, so that comes to a whopping $36.10. I haven't made $36 in a long time.

Mitch
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