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Nb 10.0 trend trading system

  • #1,821
  • May 14, 2012 5:12pm May 14, 2012 5:12pm
OK will now, wonder what happened.
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  • #1,822
  • May 14, 2012 5:22pm May 14, 2012 5:22pm
euro shows full throttle bear and looks like they are not going to interfere so I entered eur/usd and took a trade and then set up my next pending sell. Looking to see if it breaks 1.28000
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  • #1,823
  • May 14, 2012 5:27pm May 14, 2012 5:27pm
Will gbp show it is now independent of the euro?? That would be a very interesting development. There is a gap in direction between the two now, Will be looking for gbp to follow the eur downward. gbp/usd is still hanging below that weekly pivot along with gbp/jpy. I smell a trade there but will it happen??
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  • #1,824
  • May 14, 2012 5:30pm May 14, 2012 5:30pm
usd chf was a great trade yesterday usd cad was not. Now what?? will it continue to go through R1. If the euro goes down I believe it will go up still more. Something has to go up if something is going down. The market has to be in balance. Gotta go to work. My commentary for the morning. Will hang onto my usd/cad trade for now.
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  • #1,825
  • May 14, 2012 5:38pm May 14, 2012 5:38pm
Quoting Jemook
Can someone please confirm the following pivot values?

AUDUSD

Res1: 1.01581
WeeklyPivot: 1.00841
Sup1: .99489

EURUSD

Res1: 1.30187
WeeklyPivot: 1.29607
Sup1: 1.28570

what indicator do you use to get these values? (should it not have been called with the 10.2 red ou blue template?)
  • #1,826
  • May 14, 2012 6:02pm May 14, 2012 6:02pm
Quoting nanningbob
usd chf was a great trade yesterday usd cad was not. Now what?? will it continue to go through R1. If the euro goes down I believe it will go up still more. Something has to go up if something is going down. The market has to be in balance. Gotta go to work. My commentary for the morning. Will hang onto my usd/cad trade for now.
I wanted to get in USDCHF long yesterday but not find a good entry. Did you get in this trade?
  • #1,827
  • May 14, 2012 6:07pm May 14, 2012 6:07pm
Quoting Verb
I wanted to get in USDCHF long yesterday but not find a good entry. Did you get in this trade?
Yeah I just put a pending buystop on the other side of previous high. Sometimes the lines arent there and you have to make one. That is what we did in 10.1 we used previous highs and lows. This system is more defined than that one was.
  • #1,828
  • May 14, 2012 8:40pm May 14, 2012 8:40pm
Looks like price is going to bounce off of weekly pivot again with the GU so I have the 5.5 sell EA on, on the 4H chart.
I entered manually with the gbp/jpy because I could not find a good spot so took it off the bounce off of the weekly there also. SL other side of weekly pivot.
  • #1,829
  • May 14, 2012 8:43pm May 14, 2012 8:43pm
gbp/cad is showing bear bias.
gbp/aud, gbp/nzd, gbp/chf still showing buy strength.
  • #1,830
  • May 14, 2012 8:45pm May 14, 2012 8:45pm
Quoting jjasper7
what indicator do you use to get these values? (should it not have been called with the 10.2 red ou blue template?)
10.2 Weekly Pivots S1.R1 5.9 (it is on the blue template!)
  • #1,831
  • May 14, 2012 8:48pm May 14, 2012 8:48pm
I'm also short GU on 5.1 sell.

Short these pairs as well:
EURUSD
EURCAD
AUDUSD
AUDCHF
AUDCAD

Quoting nanningbob
Looks like price is going to bounce off of weekly pivot again with the GU so I have the 5.5 sell EA on, on the 4H chart.
I entered manually with the gbp/jpy because I could not find a good spot so took it off the bounce off of the weekly there also. SL other side of weekly pivot.
  • #1,832
  • May 14, 2012 9:14pm May 14, 2012 9:14pm
Someone wrote me their first trades using the system yesterday:

Result: 19 closed trades, 1 loss, 394 pips and 7% profit. Trading with 0.01 lots. I know that one day say nothing about. But I was impressed.

My results were only 11 winners, 3 losers and totaled 303 pips. I guess I am a better teacher than trader.
  • #1,833
  • May 14, 2012 10:58pm May 14, 2012 10:58pm
I had a nice run with gbpnzd (NOT nzdusd!) yesterday - is there enough oomph for more upside? I am still in the trade....
  • #1,834
  • May 14, 2012 11:24pm May 14, 2012 11:24pm
Quoting fxbarwise
I had a nice run with gbpnzd (NOT nzdusd!) yesterday - is there enough oomph for more upside? I am still in the trade....
It shows no sign of stopping. Daily still shows angle strength still and 4H shows still above 4. When a number is between 4 and 8 another move can be reasonably expected. I would expect either at least one more push up but there could be a re-tracement before that happens. Go to a weekly chart and check out the last swing high. It still has some room to get there. You can play this 3 ways:
1. TP and reenter off of a dip.
2. Take 1/2 TP and ride the rest. MOve you SL up.
3. Continue to stay with the trade as long as it stays above the weekly pivot.
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  • #1,835
  • May 14, 2012 11:59pm May 14, 2012 11:59pm
Eur/aud and eur/nzd are the only two euros left that are not below the weekly pivot. They are both knocking on the door though. eur/aud has twice had SRF not reaching R1 but still has not broken through the pivot line. Anyway I have pending sells under the line.
  • #1,836
  • May 15, 2012 12:05am May 15, 2012 12:05am
Quoting nanningbob
It shows no sign of stopping. Daily still shows angle strength still and 4H shows still above 4. When a number is between 4 and 8 another move can be reasonably expected. I would expect either at least one more push up but there could be a re-tracement before that happens. Go to a weekly chart and check out the last swing high. It still has some room to get there. You can play this 3 ways:
1. TP and reenter off of a dip.
2. Take 1/2 TP and ride the rest. MOve you SL up.
3. Continue to stay with the trade as long as it stays above the weekly pivot....
Thanks Bob, I have taken option 1 and put the 5.2 buy ea on the 1H.
  • #1,837
  • May 15, 2012 12:15am May 15, 2012 12:15am
Another good place to trade besides pivot lines and trendlines is the 100 lines. I have placed a pending just under 85.000 on the chf/jpy. This is also under the S1 line so if it breaks support and 000 number. that is a good trade position also.
  • #1,838
  • May 15, 2012 12:23am May 15, 2012 12:23am
Quoting fxbarwise
Thanks Bob, I have taken option 1 and put the 5.2 buy ea on the 1H.
Good show. When done report the entire series of trades so all can learn. Some people argue real heavy about 1 trade in and 1 trade out. I prefer to look at trades as a series when there is a move. When you do this and reenter on dips sometimes you collect more pips than the entire move. I find this when I guess (??) the beginning and ending of the trend accurately. For example the nzd/usd has moved just over 400 pips but I have gotten 279 of them on a series of 11 trades. A couple of them were losers. Obviously the gbp/nzd will have garnered you a lot of pips and of course account increase.
  • #1,839
  • May 15, 2012 1:20am May 15, 2012 1:20am
Just took a short off the weekly/monthly pivot GBPUSD.
  • #1,840
  • May 15, 2012 1:42am May 15, 2012 1:42am
Hi Bob

Still noticing that the histograms on my charts are totally different to
the histograms on the charts on your screenshots.
rat
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