Nb 10.0 trend trading system | Page 66 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HYBRID: trading system within a trading system 31 replies

Trend Manager Trading System 153 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

trading system opposite to trend 1 reply

hksweeper's Trading Journal - Reaction Trend System 20 replies

Attachments: Nb 10.0 trend trading system
Exit Attachments

Nb 10.0 trend trading system

  • #1,301
  • Apr 11, 2012 4:50am Apr 11, 2012 4:50am
Quoting billdoor
Hi bob

can you elaborate on how you are okay with a short CHFJPY with imminent BoJ intervention? Do you expect on this reaction of this pair to be minor compared to a EJ or UJ effect?

billdoor
The CHF want to depreciate their currency so chf/jpy would be a sell. That would make the eur/chf a buy. If a pair is matched the first currency mentioned would be a bullish move is a buy but the second currency mentioned a bull move would be a sell. So I am expecting CHF to go down in value. The JPY move will probably happen later in the month and is just talk right now. What JPY wants to do is scare away investors so they dont have to go into the market. The CHF has done this successfully several times. However, SNB has stated many times they will draw a line in the sand at 1.20 and we are there now. So I am going to play it and see. I did 800+ pip trade on the gbp/chf last time but it hasnt retraced very much, so I dont expect much there.
  • #1,302
  • Apr 11, 2012 9:08am Apr 11, 2012 9:08am
Statement put out yesterday by the CHF bank have a pending buy on the EUR/CHF some place above 1.20

Discussion on the topic of the euro/Swiss franc minimum
exchange rate
by Thomas J. Jordan, Vice Chairman of the Governing Board of the Swiss National Bank
Ladies and Gentlemen
I would like to welcome you to this discussion on the topic of the euro/Swiss franc
minimum exchange rate and thank you for attending at such short notice. As you are
aware, on Thursday of last week a few of the transactions in the foreign exchange market
for the euro were concluded at a rate below the minimum exchange rate set by the Swiss
National Bank (SNB). I consider it important that you are aware of the sequence of
events, and also that I reaffirm the SNB’s current policy. Since this is a specifically
market-related topic, we have chosen this rather special approach involving a discussion
with news agencies.
The fact that a few individual transactions at less than CHF 1.20 per euro were observed
last Thursday has led to some isolated doubts being raised about the SNB’s resolve to
enforce its minimum exchange rate. Right from the start I want to make it quite clear that
such doubts are misplaced. The Swiss National Bank is enforcing the minimum exchange
rate with all the means at its disposal. We are prepared to buy foreign currency in
unlimited quantities for this purpose. In this respect, our policies are totally unchanged.
  • #1,303
  • Apr 11, 2012 9:50am Apr 11, 2012 9:50am
Thanks NB,

I await your new system as your older systems have given me better trade results to date. Still trying to get a hold of a scalping system for quicker returns but I know that is difficult.

thanks again!

Quoting nanningbob
Statement put out yesterday by the CHF bank have a pending buy on the EUR/CHF some place above 1.20

Discussion on the topic of the euro/Swiss franc minimum
exchange rate
by Thomas J. Jordan, Vice Chairman of the Governing Board of the Swiss National Bank
Ladies and Gentlemen
I would like to welcome you to this discussion on the topic of the euro/Swiss franc
minimum exchange rate and thank you for attending at such short notice. As you are
aware, on Thursday of last week a few of the transactions in the foreign exchange market
for the...
  • #1,304
  • Apr 11, 2012 5:42pm Apr 11, 2012 5:42pm
Quoting lionsden
Thanks NB,

I await your new system as your older systems have given me better trade results to date. Still trying to get a hold of a scalping system for quicker returns but I know that is difficult.

thanks again!
I thought it would be easier to have 3 threads but it just caused confusion. I will simplify things and add a strength indicator. Lets you know whether to stay in or get out. Works pretty good. Solved my BB band runs from CT trading.
  • #1,305
  • Apr 11, 2012 7:54pm Apr 11, 2012 7:54pm
Good Deal! Cant wait....

Quoting nanningbob
I thought it would be easier to have 3 threads but it just caused confusion. I will simplify things and add a strength indicator. Lets you know whether to stay in or get out. Works pretty good. Solved my BB band runs from CT trading.
  • #1,306
  • Apr 12, 2012 1:44am Apr 12, 2012 1:44am
Awhile back someone was looking for currency facts based on weekly. Here is a study I did last year. Maybe this was what they were looking for. This shows percentages of how often a pair will go more than 300, 600, 900 or 1200 pips in one week.
Attached File(s)
File Type: xls weekly currency facts summary 300.xls   38 KB | 495 downloads
  • #1,307
  • Apr 12, 2012 7:10am Apr 12, 2012 7:10am
Quoting nanningbob
Awhile back someone was looking for currency facts based on weekly. Here is a study I did last year. Maybe this was what they were looking for. This shows percentages of how often a pair will go more than 300, 600, 900 or 1200 pips in one week.

It's very very very great info.

thanks bob.
  • #1,308
  • Apr 13, 2012 4:14pm Apr 13, 2012 4:14pm
Hi Bob,

Thanks for starting this very informative thread - I value the amount of effort that you have put into this and I hope I can learn and trade your method successfully.
I have read the 10.0A document and understand the concepts of defining/identifying the trend or range etc. However after that I am confused with the other documents 10.0B/C etc. Are we saying that once we have identified the trend (UT or DT) or Range, we apply the relevant EAs to execute the trades for us? Could be just me being thick here as the concept of EA trading is still new to me and have only traded manually in the past.

Also I gather from reading the posts that you do not trade full time. As someone who also has a full time job and looking to trade part time, I would really appreciate if you could share a trading day in the life of Bob, i.e. from your out of work hours research and analysis and trades setups and how you manage your live trades during your working hours.
Any advice will be greatly appreciated.

Best regards,
George
  • #1,309
  • Apr 13, 2012 7:42pm Apr 13, 2012 7:42pm
Quoting lonto
Hi Bob,

Thanks for starting this very informative thread - I value the amount of effort that you have put into this and I hope I can learn and trade your method successfully.
I have read the 10.0A document and understand the concepts of defining/identifying the trend or range etc. However after that I am confused with the other documents 10.0B/C etc. Are we saying that once we have identified the trend (UT or DT) or Range, we apply the relevant EAs to execute the trades for us? Could be just me being thick here as the concept of EA trading is still...
Yes I understand the confusion. I will be upgrading and simplifying the system in the next two weeks. The basics are this, read the 10.0 in the booklets and determine whether you have a trend or a range. Then you trade the trend or range. Understanding the key read off of the daily chart helps you understand what to trade. I divided it up into three threads to explain each kind of trade but that got too cumbersome. I will back this all down into one thread and simplify the system. Then I will add how to read the strength of a trade.
  • #1,310
  • Apr 14, 2012 2:37am Apr 14, 2012 2:37am
Quoting nanningbob
Yes I understand the confusion. I will be upgrading and simplifying the system in the next two weeks. The basics are this, read the 10.0 in the booklets and determine whether you have a trend or a range. Then you trade the trend or range. Understanding the key read off of the daily chart helps you understand what to trade. I divided it up into three threads to explain each kind of trade but that got too cumbersome. I will back this all down into one thread and simplify the system. Then I will add how to read the strength of a trade.
Hi nanningbob, have you tested Steve Hopwood's EA on his thread with your system? If so, how do you find his EA?
  • #1,311
  • Apr 14, 2012 10:26am Apr 14, 2012 10:26am
Quoting nanningbob
Yes I understand the confusion. I will be upgrading and simplifying the system in the next two weeks. The basics are this, read the 10.0 in the booklets and determine whether you have a trend or a range. Then you trade the trend or range. Understanding the key read off of the daily chart helps you understand what to trade. I divided it up into three threads to explain each kind of trade but that got too cumbersome. I will back this all down into one thread and simplify the system. Then I will add how to read the strength of a trade.
Thanks Bob, look forward to the updates!
  • #1,312
  • Apr 14, 2012 5:21pm Apr 14, 2012 5:21pm
Fxbarwise,

The EA can be found at stevehopwoodforex.com! You'll need to create an account.

Good Luck
  • #1,313
  • Apr 14, 2012 8:44pm Apr 14, 2012 8:44pm
Quoting fxbarwise
Hi nanningbob, have you tested Steve Hopwood's EA on his thread with your system? If so, how do you find his EA?
I will be using one of Steve's EA when I go back to a simpler thread. However, most trades will be off of S/R lines errrrrrrrr better yet weekly and monthly pivot and S/R lines and using a pending trade. I talked about one live trade in AL's thread. gbp/usd. I closed the trade for profit and looking to see if it breaks the next S line.
  • #1,314
  • Apr 15, 2012 10:00am Apr 15, 2012 10:00am
Update on last monday trades.

AUD/CAD sell below 1.0250 went about 20 pips and stopped out. -60
aud/jpy sell below 83.990 went 140 pips TP at weekly S1
aud/usd sell below 101.650 never entered
chf/jpy sell below 88.750 went 88 pips took profit at bottom of TMA
eur/jpy sell below 106.790 went down back up and followed down further to Weekly S1 for 90 for 127 pips
eur/usd sell below 1.30200 did not enter
gbp/chf buy above 1.46000 entered and am -90 in the hole, will decide what to do next Monday when I see the new S/R weekly lines.
usd/chf buy above .92400 Did not enter.
gbp/usd announced on Al's thread 47 pips


totals for 1.2 for test week one
402 -60 =342 and holding one at -90

When I see my new S/R weekly and monthly lines I will post my trades. I am working on getting that fixed so i can have my S/R lines during the weekend instead of waiting for Monday.
You may ask why I closed the aud/cad and not the gbp/chf. The reads on my strength indicator showed the aud/cad had upward momentum but the gbp/chf did not. I have one of the indicators math fixed and it is reading good waiting for the other. Then I will start writing my booklet as I gain experience trading the system.
  • #1,315
  • Edited 5:41pm Apr 15, 2012 5:33pm | Edited 5:41pm
I am not taking any positions this morning. Almost the entire market has consolidated and waiting for the next event to make it move. Interesting. Will wait until the euro session and see what happens. Many Daily charts show right at S/R positions, double, triple tops, etc. Play the market to go either way. I would be very careful doing any euro buys though. However, any happy news will send the currency up.
  • #1,316
  • Apr 15, 2012 10:12pm Apr 15, 2012 10:12pm
Ok my new weekly pivots are up. I need to get that program to post them after Friday's close.

aud/cad sell below 1.03
aud/jpy sell below 84.00 means now
cad/jpy sell below 80.50
chf/jpy sell below 87.50
eur/cad sell below 129.99
eur/nzd sell below 1.58
eur/usd sell below 1.30
gbp/chf buy above 1.46
gbp/jpy sell below 128.00
use/jpy sell 80.80

That should do it for now.
  • #1,317
  • Edited 10:56pm Apr 15, 2012 10:13pm | Edited 10:56pm
Ok my new weekly pivots are up. I need to get that program to post them after Friday's close.

aud/cad sell below 1.03
aud/jpy below 84.00 means now
cad/jpy below 80.50
chf/jpy below 87.50
eur/cad below 129.99
eur/nzd below 1.58
eur/usd below 1.30
gbp/chf above 1.46 I will close my sell if it goes higher than this number
gbp/jpy below 128.00
usd/jpy 80.80

That should do it for now.
  • #1,318
  • Apr 16, 2012 1:07am Apr 16, 2012 1:07am
Quoting nanningbob
Ok my new weekly pivots are up.
gbp/jpy below 128.00
Because these values ​​do not match those of your indicator on my chart?
F.e. gbp / jpy :
http://img193.imageshack.us/img193/5355/55865611.gif
  • #1,319
  • Apr 16, 2012 1:20am Apr 16, 2012 1:20am
Quoting doarisu
Because these values ​​do not match those of your indicator on my chart?
F.e. gbp / jpy :
http://img193.imageshack.us/img193/5355/55865611.gif
The one we have been using is based on S/R of Fractals, the new one will be based on S/R of pivots. I have the new indicator sent back tome by email with adjustments. I will check it out tonight and post it if it is set properly. These trades are for me to prepare to go public with my trades again. I will also post my first set up screen so you can follow along and back test with me. I am starting early with my testing. If you also think the trades are valid you can try them. I just publish them publicly to develop my own discipline. I tend to over trade but when I publish publicly I stay within my own rules. LOL
  • #1,320
  • Apr 16, 2012 3:10pm Apr 16, 2012 3:10pm
NB do you still use your StoMacD indicator? I don't take a trade without it.
1 trader viewing now