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Nb 10.0 trend trading system

  • #1,161
  • Feb 15, 2012 8:07pm Feb 15, 2012 8:07pm
Quoting Passerby
Nice thread, I like how you describe trending and ranging market. I will review your another thread about trading in a ranging market. This two weeks trading EURUSD I've seen many ranging days and it was too late when I finally recognize it, I keep using trend following system there. I am a bit frustrated in a ranging market not because I lost pips but looking at sluggish PA and no clear direction hit my confidence. Thanks in advance.

PS: How you trade without SL scared me, but if you're doing good then I think it's okay.
I dont recommend trade trending without stop losses. We have mentioned that before. I really use SL but use small lots so my SL are very big. I do follow the rule of not letting a trade get bigger than 1% of my account. For example if I have 2000 dollars in my account I dont let a trade get bigger than 20 dollars as a loser. Now as I stated earlier in a post if you trade 1.00 lots then your SL would be 20 dollars or 20 pips. If you trade .10 then 200 pips would be 20 dollars. If you trade 1 penny then 2000 pips would be 20 dollars. So I use percentage of account instead of a hard fixed SL. My limit is 1%. Now something I have been experimenting with is instead of take a 1% loss when it gets there is to close part of the trade. So if I trade lets say .05 and I hit 20 dollars at 400 pips then I could close .01 and my trade is less than the 1%. So my loss is .2% of my account. This then gives me room to do counter trading to reduce it even more. I have not spoken of this system before because I want 4-6 months of data before I talk about it. But in 3 months I have not taken any big hits and have been able to reduce my losses to a bare minimum but have kept my winners going. Makes for a nice equity curve. But again, I do use SL but not based on a hard pip number but percentage of account. That percent is based on the 1% figure. Because of the total misrepresentation of what I do in the SL thread this was impossible to make clear.
  • #1,162
  • Feb 15, 2012 8:13pm Feb 15, 2012 8:13pm
Quoting Alorente
Here are the template and indicators. Copy the indicators to the Experts/Indicators folder. Copy the template to the Templates folder. Change the TF to 15M and you should be done.
Thank you for your contributions. I love having experienced traders teach what they are successful at. I obviously cant teach every nuance of the system and its applications.
  • #1,163
  • Feb 19, 2012 10:11am Feb 19, 2012 10:11am
Alorente's scalp.

Thanks for posting up your scalp ideas here. I ve scan thru some of the price with your tpl. Can I confirm, for even higher probable entries, enter Long below green with 5MA below price. Pls view chart.
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  • #1,164
  • Feb 19, 2012 2:07pm Feb 19, 2012 2:07pm
Hello,

Thanks NanningBob for all the work you do for this community and sharing of it. I'm digging through all the info and it's quite a bit. I'm somewhat confused in the setting of the MA's in H4 and in Daily.
Do we use this same settings in both the TF to find
1. the trend AND
2. to define the entry (both high and low above/below red and blue MA)?

Best regards,

Ben
  • #1,165
  • Feb 19, 2012 10:10pm Feb 19, 2012 10:10pm
Quoting campco
Hello,

Thanks NanningBob for all the work you do for this community and sharing of it. I'm digging through all the info and it's quite a bit. I'm somewhat confused in the setting of the MA's in H4 and in Daily.
Do we use this same settings in both the TF to find
1. the trend AND
2. to define the entry (both high and low above/below red and blue MA)?

Best regards,

Ben
Keep it simple. You get your read off of the daily chart, UT, DT, or range. You then trade the system off of the signal. You can see some are working on the 15M chart. I like the 4H chart. Some like the 1H and some may trade the daily. I like using the Sto-Macd on the 4H chart. In 10.1 we use S/R lines to enter and exit.

Now in the package I have suggested several trading systems. One is for guys who like to counter-trade the trend, another is for those who like to range trade. They each have their own threads for discussion. This thread tries to follow the trend and trade breakouts. You need to decide what you like to do best. Then wait for the read you like on the daily and trade that system. Feel free to ask more questions if this is a muddy answer.
  • #1,166
  • Feb 20, 2012 1:56am Feb 20, 2012 1:56am
Hi Bob,

How are you? I have not been trading EU because of its uncertainty, so I took some time to do some scalping. I find scalping requires more chart hours and as of now, still not perfect at it.

What I have gathered so far is, for intra-week trading, I will scan charts at D1 to H1 for supply and demand zones. Once those are marked, I will let NB10.1 template for entries.

I will scalp when I have more free time ,ie, maybe US open for a couple of hours.

Ie, I ve learn to use rifles for long range and handguns for closed proximity combat scenarios.
  • #1,167
  • Edited 4:38am Feb 20, 2012 4:23am | Edited 4:38am
Thanks Bob,

I trade the H4 charts. Do I understand well that if I use 10.1 and taking the entry's from S&R lines, you do not confirm them by the High/Lows of candles and whether they are up/down the MA2 and MA8?

Best regards,

Ben
  • #1,168
  • Feb 20, 2012 6:15am Feb 20, 2012 6:15am
its better entry when blue crosses above red for uptrend, vice versa. then test the H4 SR, if breakthru, then u entry on retracement. imho.
  • #1,169
  • Feb 20, 2012 6:43am Feb 20, 2012 6:43am
Thanks Kelisa!

Regards,

Ben
  • #1,170
  • Feb 20, 2012 6:52am Feb 20, 2012 6:52am
Example of a good entry, but I missed this. sobsob!
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  • #1,171
  • Feb 20, 2012 7:27am Feb 20, 2012 7:27am
Quoting Kelisa
Example of a good entry, but I missed this. sobsob!
Nice catch, I caught a similar setup on eurusd tonight.
  • #1,172
  • Feb 20, 2012 7:38am Feb 20, 2012 7:38am
Quoting Kelisa
Example of a good entry, but I missed this. sobsob!
Hi Kelisa,

I missed the setup EURGBP too. Why are the S&R Lines between your and my chart different ? I use input 60 day back.

Regards

Tebis
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  • #1,173
  • Feb 20, 2012 8:07am Feb 20, 2012 8:07am
Ucad in a good demand zone. Fresh level touched. Hopefully plenty of buy orders awaiting. Can also wait for confirmation b4 entry, to be safe.
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  • #1,174
  • Feb 20, 2012 8:23am Feb 20, 2012 8:23am
Quoting tebis
Hi Kelisa,

I missed the setup EURGBP too. Why are the S&R Lines between your and my chart different ? I use input 60 day back.

Regards

Tebis
Tebis,

About the difference in readings, I guess it different template or diff version of set ups. I am using "10.1 H4 daily w W1 MA tpl"
  • #1,175
  • Feb 21, 2012 7:21am Feb 21, 2012 7:21am
Hi Kelisa,

Can you explaine what this Demand Zone is all about and how to define?

Regards,

Ben
  • #1,176
  • Feb 21, 2012 8:25am Feb 21, 2012 8:25am
Quoting campco
Hi Kelisa,

Can you explaine what this Demand Zone is all about and how to define?

Regards,

Ben
Demand zones are where the price is low enough for investors/institutionals to place BUY orders, vice versa. Fresh areas means areas where price has left and has not revisited until now. Also check out Sam Seiden's webinars - they are invaluable. You ve got PM.
  • #1,177
  • Feb 22, 2012 2:50am Feb 22, 2012 2:50am
GU -
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  • #1,178
  • Feb 22, 2012 3:12am Feb 22, 2012 3:12am
Quoting Kelisa
GU -

Gday K. How do you feel about taking these types of trades when the blue MA is above red MA on daily? Do you look to take shorts once price breaks below the red MA on daily? Or are you looking at 1h exclusively?
  • #1,179
  • Feb 22, 2012 3:15am Feb 22, 2012 3:15am
Hi J,

I would wait for further confirmation with blue below red and possibly after a pullback.
  • #1,180
  • Feb 22, 2012 4:31am Feb 22, 2012 4:31am
Good stuff. I've been using 10.1 to show the daily trend and then I also mark the S/R levels for the day. Then I switch to 1.0 and wait for price to retrace to the daily S/R and then trigger an entry based on the 1.0 system as it bounces off the S/R in the direction of daily trend.

It's then up to me to close at top/bottom of (1.0) TMA outer band or close at the next 4/h or daily S/R as per 10.1.

There's more to it that can only be learned by watching the market heaps and seeing how the two systems work seperately. However together the two systems are GOLD, I really feel like I'm part of the market now and trading like a price action trader.

Also Kelisa, I hope you took that trade you posted
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