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Nb 10.0 trend trading system

  • #1,621
  • May 9, 2012 3:23pm May 9, 2012 3:23pm
nzd/usd on the 4H shows it is at S1 and price will often break S1/R1 levels.
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  • #1,622
  • May 9, 2012 3:28pm May 9, 2012 3:28pm
You will notice that all the aud and nzd charts are in a similar position. My play on these will be looking for a solid retrace and then reenter using the MA EAs. I will play for them to do a double bottom at this point. Take 1/2 profit when they return to S/1 or S/2 and pulll my TP up tight and see if they will run past the S/R lines. That will be my strategy for nzd and aud pairs today. The EA entrances will occur during the euro or usd session. The slope indicators are still showing price at greater than the -4 which means at least one more possible move in the trend. Hope I am right.
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  • #1,623
  • May 9, 2012 3:36pm May 9, 2012 3:36pm
GBP pairs gbp/aud gbp/cad gbp/nzd are all in the same boat on the buy charts so I would play those the same way as the aud and nzd if you have been trading those buys.

gbp/jpy gbp/usd have both passed the weekly pivots as sells. gbp/jpy has also broke monthly pivot and is a good candidate to reenter into the new trend. gbp/usd has crossed weekly pivot and has hit the monthly pivot. Play gbp/usd to break the monthly pivot to go south OR if you think it will go up again use the EA to play for it to go back into an UT. My play is going to be to break the monthly pivot and go south.
  • #1,624
  • May 9, 2012 3:46pm May 9, 2012 3:46pm
Euro. I see eur/aud as a SRF trade so will take the a sell on it crossing down.

Most euros look like sells but intervention by the big buys looms. Will they or wont they. Indicators and news stories will never tell you. I will take those sells my charts are telling me but keep those SL nearby.

eur/usd is still 80 pips from S1 on the 4H chart look to reenter the trend on it.
eur/jpy is about 70 pips from S1 so reenter looking for that trade.
eur/gbp is 30 pips from S1 so look for a reentrance on it.

You want to take sells on the rallies using the EAs provided on those euro trades.

eur/cad is looking like the best Euro trade because it just broke the weekly and seems to have the most movement left in its run or better yet it is starting sell run. Put your SL on the other side of the pivot because it also is subject intervention.
  • #1,625
  • May 9, 2012 3:50pm May 9, 2012 3:50pm
usd/jpy is ranging with a downward bias.

usd/cad and usd/chf same as the aud and nzd but are buys. They may or may not continue the upward trend. Look to reenter the dips on the UT back to R1 at least. usd/chf has more room to run than usd/cad. I will probably just play the usd/cad to break R1 rather than taking the dip in the rally. There is not that much room for profit doing that one.

OK that is my analysis for today Happy Trading.
  • #1,626
  • May 9, 2012 3:52pm May 9, 2012 3:52pm
Quoting cwench
Bob,can you put the daily transaction list Uploaded?I do not doubt your technology.But it seems this entry of good grasp.Thank you!
Let me know if my commentary is helpful enough for today.
  • #1,627
  • May 9, 2012 3:53pm May 9, 2012 3:53pm
Quoting cmeade2
There definitely is some repainting in the slope indicator, but it is pretty small compared to the scale in the standard TMA.

There are a lot of input parameters for the indicator. Maybe Bob could illuminate us on how to adjust them.
I wrote about how I did this in my booklets.
  • #1,628
  • May 9, 2012 3:55pm May 9, 2012 3:55pm
very useful nanni.
thanks
can you tell something about gbp/chf?

thanks a lot
  • #1,629
  • May 9, 2012 4:01pm May 9, 2012 4:01pm
Quoting mauroby
very useful nanni.
thanks
can you tell something about gbp/chf?

thanks a lot
It is 60 pips from R1 so look for a dip in the rally and see if it will make it to R1 on the 4H chart. Slope is at 8 on the daily and above 4 on the 4H showing it has at least the strength for 1 more run up.
  • #1,630
  • May 9, 2012 4:27pm May 9, 2012 4:27pm
Hey Bob

The ch/jpy is coming up to the weekly S2 while the TMA slope is -0.65 on the H4.

Is it a sell?
  • #1,631
  • May 9, 2012 4:35pm May 9, 2012 4:35pm
Quoting nanningbob
Let me know if my commentary is helpful enough for today.
OK,thank you Bob.You've worked hard.
I will read you talking about something.
Or this is good at summing up, and I deal some blind obedience, I will try my best to learn with you.
  • #1,632
  • May 9, 2012 5:01pm May 9, 2012 5:01pm
Quoting cmeade2
Hey Bob

The ch/jpy is coming up to the weekly S2 while the TMA slope is -0.65 on the H4.

Is it a sell?
It just broke monthly S1 and is 60 some pips from weekly S1. If I played this I would play for a break from the last swing low or if it rallies then the EAs.
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  • #1,633
  • May 9, 2012 5:05pm May 9, 2012 5:05pm
Quoting nanningbob
It just broke monthly S1 and is 60 some pips from weekly S1. If I played this I would play for a break from the last swing low or if it rallies then the EAs.
OK I can see the sell at the pivot if it rallies up to there. But it seems you would only sell the current situation if it breaks about 10-15 pips below the S2.

Is that right?
  • #1,634
  • May 9, 2012 5:12pm May 9, 2012 5:12pm
Quoting cmeade2
OK I can see the sell at the pivot if it rallies up to there. But it seems you would only sell the current situation if it breaks about 10-15 pips below the S2.

Is that right?
I put the blue line on the screen where I would put my sell. That is not S2
  • #1,635
  • May 9, 2012 5:16pm May 9, 2012 5:16pm
Quoting nanningbob
I put the blue line on the screen where I would put my sell. That is not S2
OK maybe I have a hard time reading the screen, but it seemed that your sell was at ~ 85.62. The current S2 is 85. 79. And so, that's almost 15 pips as I said in my first response.
  • #1,636
  • May 9, 2012 5:17pm May 9, 2012 5:17pm
Quoting cmeade2
OK maybe I have a hard time reading the screen, but it seemed that your sell was at ~ 85.62. The current S2 is 85. 79. And so, that's almost 15 pips as I said in my first response.
It's also below the recent lows for the pair.
  • #1,637
  • May 9, 2012 5:20pm May 9, 2012 5:20pm
Quoting cmeade2
OK maybe I have a hard time reading the screen, but it seemed that your sell was at ~ 85.62. The current S2 is 85. 79. And so, that's almost 15 pips as I said in my first response.
Your looking at the Daily and I am looking at the 4H to help me in the future please state what chart you are using or us W or M s/r lines. The line just broke on the Daily is M S1 To place a pending below the nearest swing low on the 4H would make it a good trade. TP spots would be W S1 then Mid pivot monthly and then M S2. You can try on trade and TP at all three spots or take your ful TP and pend sell to the next TP spot.
  • #1,638
  • May 9, 2012 5:23pm May 9, 2012 5:23pm
Quoting nanningbob
Your looking at the Daily and I am looking at the 4H to help me in the future please state what chart you are using or us W or M s/r lines. The line just broke on the Daily is M S1 To place a pending below the nearest swing low on the 4H would make it a good trade
I agree.
  • #1,639
  • May 9, 2012 5:43pm May 9, 2012 5:43pm
i run on Alpary uk

the weekly pivot and s/r are different

as I can organize

thanks
  • #1,640
  • May 9, 2012 6:05pm May 9, 2012 6:05pm
Quoting jucaorma
i run on Alpary uk

the weekly pivot and s/r are different

as I can organize

thanks
Pivots, S/R are based on the previous weeks high and low. I would not expect those numbers to be significantly different. How big of a difference is there?
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