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Nb 10.0 trend trading system

  • #1,781
  • May 14, 2012 6:17am May 14, 2012 6:17am
Hi one an all

I took a short trade on the CHF/JPY.
On the Daily it was trading around the Monthly S1 pivot so I placed an order below prev lows and now I'm in and targeting the Weekly S1. Not too many pips but believe I have read it correctly.
Grateful for any comments.... but keep it clean

Chucky
  • #1,782
  • May 14, 2012 6:31am May 14, 2012 6:31am
just posting chart to check about reentering trades - do i understand it correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDm,H4]_2012-05-14_14-18-07.png Size: 28 KB
all is eternal - this is good news for people who loves bad news
  • #1,783
  • May 14, 2012 6:45am May 14, 2012 6:45am
thanks bob,that was a smart explanation.this alters for good my perspective on using the slope indi.
  • #1,784
  • May 14, 2012 6:54am May 14, 2012 6:54am
Hi everyone,

I want to thank NanningBob, FMuir, CandleTiger and all the contributors to this system. You guys doing really great job.
Just in the middle of reading the system. There are a lots of things to digest at this point. However, there's one thing I am sure: you guys are incredible.
Thanks again.
  • #1,785
  • May 14, 2012 7:22am May 14, 2012 7:22am
I'm about to enter short on AUDUSD 1hr (blue MA touch) and I am short EURUSD on break of S1.
  • #1,786
  • May 14, 2012 7:37am May 14, 2012 7:37am
Quoting Jemook
I'm about to enter short on AUDUSD 1hr (blue MA touch) and I am short EURUSD on break of S1.
and BAM straight into profit.
  • #1,787
  • May 14, 2012 7:40am May 14, 2012 7:40am
EU already on the run..
  • #1,788
  • May 14, 2012 7:44am May 14, 2012 7:44am
Quoting Kelisa
EU already on the run..
Hey Kelisa

Is there a limit here since it is at the base of the TMA on both the 1H and 4H?
  • #1,789
  • May 14, 2012 7:56am May 14, 2012 7:56am
Boy, you can tell Gbp/Usd so WANTS to go up, but it just keeps getting dragged down by the Eur. I'd imagine that if the Eur could ever get up off the floor, Gbp would rally sharply, at least in the short term.
Writer, currency trader, madman
  • #1,790
  • May 14, 2012 8:35am May 14, 2012 8:35am
Quoting cmeade2
Hey Kelisa

Is there a limit here since it is at the base of the TMA on both the 1H and 4H?
Ya...at that point, it looks very OS, and will probably retrace for some to TP before heading true direction.

Set up conditions at H1 and H4 with TMA slope indi (-0.80 range), pa below weekly limit, pa below weekly S1, and just did a retrace to retest weekly S1 (at M15).
  • #1,791
  • May 14, 2012 8:36am May 14, 2012 8:36am
Quoting Jemook
and BAM straight into profit.
Well timed!!
  • #1,792
  • May 14, 2012 8:38am May 14, 2012 8:38am
fingers crossed, no big boys to stir EU now..
  • #1,793
  • May 14, 2012 8:40am May 14, 2012 8:40am
EU decending to new territories..
  • #1,794
  • May 14, 2012 8:41am May 14, 2012 8:41am
NZDUSD breaks weekly S1.. finally!
  • #1,795
  • May 14, 2012 8:50am May 14, 2012 8:50am
Quoting Kelisa
NZDUSD breaks weekly S1.. finally!
As I recall Bob thought that the downside run on the NZDUSD needed to end since it was below the monthly s3.
  • #1,796
  • May 14, 2012 9:03am May 14, 2012 9:03am
Quoting meshka
just posting chart to check about reentering trades - do i understand it correctly?
yup that is selling the rallies in a DT. I have seen gurus talk about this for years but never really show a clear cut way of doing this consistently. Now, hmmmmmmmmmmmmmm
  • #1,797
  • May 14, 2012 9:06am May 14, 2012 9:06am
cmeade,

If you look at D1, there are still room for the momentum to carry on, but price may retrace or rebounce for good.
  • #1,798
  • May 14, 2012 9:06am May 14, 2012 9:06am
Looks like EURUSD gap might not close and will take off without me. Will wait for the train stop.
Riding the order flow
  • #1,799
  • May 14, 2012 9:11am May 14, 2012 9:11am
Quoting Binyamin
Looks like EURUSD gap might not close and will take off without me. Will wait for the train stop.
hey bin, I also thought of the closing of the gap after u mentioned it earlier..but after price pass below weekly S1, I totally forgot abt the gap.
  • #1,800
  • May 14, 2012 9:11am May 14, 2012 9:11am
Quoting Kelisa
cmeade,

If you look at D1, there are still room for the momentum to carry on, but price may retrace or rebounce for good.
The retouch of the WS1 provided a nice opportunity to get in.
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