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Nb 10.0 trend trading system

  • #1,321
  • Apr 16, 2012 3:56pm Apr 16, 2012 3:56pm
Quoting Jemook
NB do you still use your StoMacD indicator? I don't take a trade without it.
Yes but I maybe replacing it after years and years of use. I am comparing it with my strength TMA slope settings and the TMA slope allows me to make some predictions I couldnt before with the sto/macd. Mainly I now have a better view of what we used to call BB runs. When they will start and when they will end. It is more precise. I am thinking, if I have time, to post the basic daily version today or tomorrow so I can get some more input.
  • #1,322
  • Edited 5:36pm Apr 16, 2012 5:22pm | Edited 5:36pm
Hi NB,

This is a great thread and the system is very promising. I hope I can start demo it very soon. I just need to clarify some points first.

I found this thread just 2 days ago, and I'm trying to catch the train ASAP, but I'm still on page 65. I would like to know if I'm getting it right or if I'm somewhere lost in the rules.

Trend definition:
Daily Timeframe
Blue > Red Up Trend
Blue < Red Down Trend

If UT buy north from Resistance, MA2 or MA8
If DT buy south from Support, MA2 or MA8

IF CTR ???????
IF BO ???????

Can anyone help me filling this table?
In this table are represented the 24 different situations we can have with this system. For better understanding I made a draw that I will also attach to this post.

B: Blue MA
R: Red MA
O: Open
C: Close

Attached Image (click to enlarge)
Click to Enlarge Name: NB_Table.JPG Size: 74 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NB_SD.JPG Size: 36 KB


I think I understand the Trend Trading but I'm really unsure about the counter trend. I also don't know if NB is still trading without the safety net (SL), if he puts an emergency SL miles away from PA or what method is he using.

Feel free to make your inputs. If you are not NB, but you are using and understanding correctly his system, your comments are also welcome.

Thanks very much for this thread,
JFonseca
Attached File(s)
File Type: xls NB_rules.xls   21 KB | 502 downloads
  • #1,323
  • Edited 6:21pm Apr 16, 2012 6:04pm | Edited 6:21pm
Quoting JFonseca
Hi NB,

This is a great thread and the system is very promising. I hope I can start demo it very soon. I just need to clarify some points first.

I found this thread just 2 days ago, and I'm trying to catch the train ASAP, but I'm still on page 65. I would like to know if I'm getting it right or if I'm somewhere lost in the rules.

Trend definition:
Daily Timeframe
Blue > Red Up Trend
Blue < Red Down Trend

If UT buy north from Resistance, MA2 or MA8
If DT buy south from Support, MA2 or MA8

IF CTR ???????
IF BO ???????

Can anyone help me...
My official position is a SL should be about 1% of your account. If you have 2000 dollars and trade 1 dollar lots then 20 pips is your SL. If you trade dimes then your SL is 200 pips. If you trade 1 penny then your SL can be 2000 pips. So my SL position is based on account percentage rather than a hard figure and so is based on how big my lot size is. That will be what I will post in my next trading booklet for money management. What this gives you is the room you should use based on your lot size and then position. If you think the previous S/R s hould be your SL then you figure your lot size accordingly. If you want a previous high/low then you can choose your lot size. This is a very short version but gives you the basics
  • #1,324
  • Apr 17, 2012 3:11am Apr 17, 2012 3:11am
Quoting nanningbob
I am thinking, if I have time, to post the basic daily version today or tomorrow so I can get some more input.
Please do, I am more than happy to test out your new findings.
  • #1,325
  • Apr 20, 2012 2:10pm Apr 20, 2012 2:10pm
Quoting nanningbob
Alpari has visited little ole harmless me. Dang. Welcome
Do you have any broker recommendation for U.S. traders, please?
  • #1,326
  • Edited 8:09pm Apr 20, 2012 7:47pm | Edited 8:09pm
Quoting michaelhryu
Do you have any broker recommendation for U.S. traders, please?
I have used IBFX here in the USA for many years 4+. I consider them the best penny and dime broker. You cant hedge with them but if you set up two accounts their transfer between the two is almost instantaneous so you can do it that way. I dont hedge but the ability is there if you want. They have been fined a couple of times in the past but since then they seem to be on their best behavior. I have had not issues with them in a couple of years. The vast majority of my trades are open and closed quickly but since I live and work in China occasionally they may take up to 5-10 seconds. I would blame the internet here more than I would do them. My deposits are credited quickly, off of a credit card usually within minutes, and my checks are mailed to me at no extra cost. I usually receive the check in the mail the same week I request it. I like their service dept and generally have a good relationship with them.

My viewpoint is this. If you are a new trader trade pennies and use 500 dollars or less to start they are real good for that. If you cant make 500 grow into a 1000, you cant make 10,000 grow into 20,000. I consider the 500 my tuition to learn Forex. I love testing my ideas and theories on small penny accounts and transfer to bigger accounts if they work. I hope this helps.

The only other dealer I have done live trading in the USA is FX Solutions. I didnt like them here or in England. Probably the only other USA dealer I know people seem to be happy with is OANDA but I have never used them.
  • #1,327
  • Apr 20, 2012 10:55pm Apr 20, 2012 10:55pm
Quoting nanningbob
The secret is out, trade this formula and you will be a success: EU * UJ / AJ * ANZD / GBPNZD = EGBP .
Hi Bob,

Thanks for everything you do !

I do have question about your formula : EU * UJ / AJ * ANZD / GBPNZD = EGBP:

- Please can you share us more detail about it ?
- Did you open a thread, or may you redirect us to a thread related to this formula ?
- Please, may you position the parenthesis in the formula ?
Does is : (EU * UJ )/ AJ * (ANZD / GBPNZD) = EGBP
or
EU *( UJ / AJ )* (ANZD / GBPNZD )= EGBP

etc...

Thanks a lot Bob, you are doing a great things for all of us !
  • #1,328
  • Apr 21, 2012 4:50pm Apr 21, 2012 4:50pm
Quoting dinhero
Hi Bob,

Thanks for everything you do !

I do have question about your formula : EU * UJ / AJ * ANZD / GBPNZD = EGBP:

- Please can you share us more detail about it ?
- Did you open a thread, or may you redirect us to a thread related to this formula ?
- Please, may you position the parenthesis in the formula ?
Does is : (EU * UJ )/ AJ * (ANZD / GBPNZD) = EGBP
or
EU *( UJ / AJ )* (ANZD / GBPNZD )= EGBP

etc......
In a debate over trading methods a guy proposed arbitrage as being important. I consider it worthless data. Here was his formula. In reality they try to trade anomalies in the market but because of super computers, anomilies that pop in the market are so quickly recovered and corrected I consider it a waste of time to try and trade. It is kind of a way of mocking his position. My position was every currency pair has its own movement and are independent of each other. Yes it is true EURO pairs can move in conjunction with each other but that is because the fundamentals can line up and all the pairs can move with each other. The argument was based the if you trade usd/jpy and eur/usd that is the same as trading eur/jpy. My position is that is not always true. Just because the math/accounting formula always has them in balance does not mean you would get the same results trading the two pairs versus the one. So the formula, just worthless info to me. Just having some fun.
  • #1,329
  • Apr 22, 2012 9:41pm Apr 22, 2012 9:41pm
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 +44
aud/jpy sell below 84.00 means now -10 at present still like the trade
cad/jpy sell below 80.50 -100 SL
chf/jpy sell below 87.50 went for over 40 but hit SL at +20
eur/cad sell below 129.99 Hit my +5
eur/nzd sell below 1.58 not taken
eur/usd sell below 1.30 not taken
gbp/chf buy above 1.46 1st trade +5
2nd trade 67 pips part close rest +100
gbp/jpy sell below 128.00 +70
use/jpy sell 80.80 +35


totals +345 loser -100 holding -10

I am sick and in bed so am not going to post trades now, maybe later. I am taking more trades than what I am showing though.
  • #1,330
  • Apr 22, 2012 10:15pm Apr 22, 2012 10:15pm
This pivot indicator works great. Shows the levels for every week so you can study and visual backtest. Weekly pivots and also has monthly pivots for use on the daily chart and higher.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly pivots.gif Size: 69 KB
Attached File(s)
File Type: mq4 10.2 NB WeeklyPivots.mq4   13 KB | 613 downloads
  • #1,331
  • Apr 22, 2012 10:33pm Apr 22, 2012 10:33pm
With Squalou's indicator we used in 10.1 it gives us buy and sell points above and below the pivot line. I am waiting for the finishing touches on two indicators and then 10.2 update will be close to posting.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly pivots 2.gif Size: 35 KB
Attached File(s)
File Type: mq4 10.1 Daily S&R Daily.mq4   10 KB | 584 downloads
  • #1,332
  • Apr 22, 2012 10:50pm Apr 22, 2012 10:50pm
Hello Bob. I saw your thread up on top and figured I'd stop by to say hello.
  • #1,333
  • Apr 22, 2012 11:07pm Apr 22, 2012 11:07pm
U R GREAT BOB. I WAS LOOKING UR THREAD PAST 20 DAYS AND ITS REALLY AMAZING AND WORTHFULL OF TRYING AND ALSO POSITIVE RESULTS..........

tHANKS AGAIN FOR UR CONTRIBUTION WHICH FREE OF COST.
HOPE U DO WELL WITH FREE FOREVER..........
  • #1,334
  • Apr 22, 2012 11:50pm Apr 22, 2012 11:50pm
Quoting 2+2=4ex
Hello Bob. I saw your thread up on top and figured I'd stop by to say hello.
Welcome. You will find us fairly normal traders here. I hope to update 10.0 to 10.2 where the emphasis will be on adding to winning positions when possible and deciding to stay in or get out of a trade. I am sure it will fascinate you.
  • #1,335
  • Apr 23, 2012 12:19am Apr 23, 2012 12:19am
Quoting david billa
U R GREAT BOB. I WAS LOOKING UR THREAD PAST 20 DAYS AND ITS REALLY AMAZING AND WORTHFULL OF TRYING AND ALSO POSITIVE RESULTS..........

tHANKS AGAIN FOR UR CONTRIBUTION WHICH FREE OF COST.
HOPE U DO WELL WITH FREE FOREVER..........
you are welcome
  • #1,336
  • Apr 23, 2012 12:28am Apr 23, 2012 12:28am
Quoting nanningbob
Welcome. You will find us fairly normal traders here. I hope to update 10.0 to 10.2 where the emphasis will be on adding to winning positions when possible and deciding to stay in or get out of a trade. I am sure it will fascinate you.
Was just stopping by. Not really looking to change things in my trading style which I have grown to learn and get used to over the years. Not that I'm never willing to study new things. I did read up on your style months ago when we were debating on the other thread (SL or no SL), but I just can't get myself to trade without stops and with hedging for reasons we've already gone over before. Again just stopping by to say hello even though we have our philisophical differences. So hello and it's good to see you here still - and I truly mean that.
  • #1,337
  • Apr 23, 2012 1:40am Apr 23, 2012 1:40am
Quoting nanningbob
I have used IBFX here in the USA for many years 4+. I consider them the best penny and dime broker. You cant hedge with them but if you set up two accounts their transfer between the two is almost instantaneous so you can do it that way. I dont hedge but the ability is there if you want. They have been fined a couple of times in the past but since then they seem to be on their best behavior. I have had not issues with them in a couple of years. The vast majority of my trades are open and closed quickly but since I live and work in China occasionally...
Thank you very much for the recommendation! I will definitely try IBFX. I have the following questions, though:

1. You wrote, “You cant hedge with them but if you set up two accounts their transfer between the two is almost instantaneous so you can do it that way.” Can you elaborate on this, please? Do you mean, if I were to open two accounts with IBFX, I could open a long position on one account and a short position another, almost instantly?

2. Does IBFX also have “FIFO” restriction? If so, then any problem with your 10.1 strategy?

3. For a start, I want to try about 8-10 pairs only. Do you have basic recommended pairs for a beginner, please?
  • #1,338
  • Apr 23, 2012 2:22am Apr 23, 2012 2:22am
Quoting nanningbob
...I am sick and in bed so am not going to post trades now, maybe later. I am taking more trades than what I am showing though.
I wish you a speedy recovery & Get well soon.

Kind regards
  • #1,339
  • Apr 23, 2012 3:29am Apr 23, 2012 3:29am
1. You wrote, “You cant hedge with them but if you set up two accounts their transfer between the two is almost instantaneous so you can do it that way.” Can you elaborate on this, please? Do you mean, if I were to open two accounts with IBFX, I could open a long position on one account and a short position another, almost instantly?

Yes and if you need to transfer from one account to the other it is very quick.

2. Does IBFX also have “FIFO” restriction? If so, then any problem with your 10.1 strategy?

I have never had any problems trading with FIFO restrictions. I am able to open and close whenever needed.

3. For a start, I want to try about 8-10 pairs only. Do you have basic recommended pairs for a beginner, please?[/quote]

Here is my currency pairs volatility chart. You can choose pairs by their volatility or lack of. Dont trade the reds, stay with the blues and greens. I dont recommend trading the CHF pairs because of too much interference from the Swiss Banks. Make sure you have a good mix and variety so you dont get stuck.
Attached File(s)
File Type: xls weekly currency facts summary 300.xls   38 KB | 551 downloads
  • #1,340
  • Apr 23, 2012 8:33am Apr 23, 2012 8:33am
All trades based on 4H weekly pivot lines using weekly indicator.

USD/JPY
USD/CAD
USD/CHF

I am putting buys on all of these as they pass the weekly pivot

SELLS
Anything connected to the euro, be sensible about your entrances though.
Doing sells on EUR/CAD, EUR/JPY, AND EUR/USD as they cross the pivot line.

AUDs are good sells also. AUD/CAD, AUD/JPY, AND AUD/USD are all around S1 on the 4H chart. I am entering at the break of S1 on those pairs. Beware of happy news coming out of China which would make the AUD bounce back up again.

Happy trading.

Also sell gbp/usd if it breaks the weekly pivot may do that later in the week.
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