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Nb 10.0 trend trading system

  • #1,841
  • May 15, 2012 12:04am May 15, 2012 12:04am
Quoting Jemook
Just took a short off the weekly/monthly pivot GBPUSD.
I don't understand why you enter, on H4 and daily we are in range mode according the tma histo ........
  • #1,842
  • May 15, 2012 12:04am May 15, 2012 12:04am
Quoting rattyo
Hi Bob

Still noticing that the histograms on my charts are totally different to
the histograms on the charts on your screenshots.
ok we need info like broker etc. a pic would help
  • #1,843
  • May 15, 2012 12:15am May 15, 2012 12:15am
With the MPTM manager it's saying breakeven set to 250, breakeven pips set to 100. Is this because I'm with a 5 digit broker? Is there a fix for this?
Attached Image
  • #1,844
  • May 15, 2012 12:41am May 15, 2012 12:41am
Quoting Jemook
With the MPTM manager it's saying breakeven set to 250, breakeven pips set to 100. Is this because I'm with a 5 digit broker? Is there a fix for this?
Yes those are pipette figures. You can see the 5 digits in the aud price on the screen
  • #1,845
  • May 15, 2012 12:55am May 15, 2012 12:55am
Quoting nanningbob
Yes those are pipette figures. You can see the 5 digits in the aud price on the screen
So this setup will move my stop up BE +10 pips after 25 pips. Good stuff, thank you.
  • #1,846
  • May 15, 2012 1:03am May 15, 2012 1:03am
Hi Bob,

I'm starting to take a look at SRF trades...

I have attached the audchf chart, is this a SRF trade setting up?

...actually for some reason it won't let me attach a chart...are you able to check your charts and reply?

Thanks
  • #1,847
  • May 15, 2012 1:26am May 15, 2012 1:26am
Quoting fxozgirl
Hi Bob,

I'm starting to take a look at SRF trades...

I have attached the audchf chart, is this a SRF trade setting up?

...actually for some reason it won't let me attach a chart...are you able to check your charts and reply?

Thanks
Iffy on that one for two reasons:
1 Fundamentals are very bearish on the Aud right now
2. It almost touched the S1 line and only missed by 5 pips so I wouldnt put a whole lot into that read.

I would look more for an SRF trade if it broke north of the weekly failed to reach R1 and then come back down. That would be a better read of that kind of trade.
  • #1,848
  • May 15, 2012 1:37am May 15, 2012 1:37am
Quoting nanningbob

I would look more for an SRF trade if it broke north of the weekly failed to reach R1 and then come back down. That would be a better read of that kind of trade.
Actually that's what I was looking for...on my charts price has broken about 10 pips above the weekly pivot. How close to the R1 should price go before a retrace back below the weekly pivot signals a trade entry?
  • #1,849
  • May 15, 2012 1:42am May 15, 2012 1:42am
Quoting fxozgirl
Actually that's what I was looking for...on my charts price has broken about 10 pips above the weekly pivot. How close to the R1 should price go before a retrace back below the weekly pivot signals a trade entry?
There is no figure, you see it didnt make it and you trade it. I probably would try except the aud is on such a bear run right now I wouldnt try it but would on it coming back.
  • #1,850
  • May 15, 2012 1:44am May 15, 2012 1:44am
GBPUSD trade off the Weekly Pivot is +35 pips. Stops are BE +10. Also just entered AUDUSD 1HR chart with a bounce off Weekly Pivot, top TMA reversal + 5MA touch.
  • #1,851
  • May 15, 2012 1:49am May 15, 2012 1:49am
Quoting Jemook
GBPUSD trade off the Weekly Pivot is +35 pips. Stops are BE +10. Also just entered AUDUSD 1HR chart with a bounce off Weekly Pivot, top TMA reversal + 5MA touch.
Closed half of GBPUSD trade on touch of weekly open.
  • #1,852
  • May 15, 2012 1:54am May 15, 2012 1:54am
Hi Nanningbob

I have been reading your posts and paper trading for many months. Truely awsome. I have started to use your latest 10.2 EAs and have been having problems with following pairs: CADCHF, GBPCHF and USDCHF where BUY order are not getting triggered. I am getting following error message: 2012.05.15 09:52:06 10.2 5.1 MA BUY ANY TF SHFM CADCHF,H4: CADCHF OP_BUY #10.2 Buy Nanningbob order send failed with error(129): invalid price

I have only downloaded these EA's on Friday 11th May, so I am guessing these EA's have been replaced as per your eariler post.

Thanks for your help
  • #1,853
  • May 15, 2012 3:08am May 15, 2012 3:08am
NB - When price hits a pivot and you are looking for a reversal 'bounce' trade do use the 4HR 5MA cross exclusively to enter or do you also use lower TF's for a cross too?
  • #1,854
  • May 15, 2012 3:44am May 15, 2012 3:44am
Jemook nice GBPUSD trade there
Riding the order flow
  • #1,855
  • May 15, 2012 5:40am May 15, 2012 5:40am
Quoting Binyamin
Jemook nice GBPUSD trade there
Cheers here's EURUSD & AUDUSD I took in the same fashion. (1hr 5MA trigger with downtrend). Let's see how they go. The GBPUSD is up ~70 pips now.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2012-05-15 10.33.26 pm.png Size: 48 KB
  • #1,856
  • Edited 6:45am May 15, 2012 6:33am | Edited 6:45am
Hi all,

Using NNBob's method I was short EU, GU and AU last Friday. TP was next S1 areas. AU closed 122 pips, EU closed 60 pips (there was more in it though), GU closed for 60 pips. So 3 trades all winners with 242 pips. I have CHFJPY short running.

Thanks NNBob. I will continue to use your way. I like the idea of looking for break of monthly pivot an dthen trade break of weekly pivot on H4. It has so far paid off.
  • #1,857
  • May 15, 2012 6:50am May 15, 2012 6:50am
Quoting Jemook
Cheers here's EURUSD & AUDUSD I took in the same fashion. (1hr 5MA trigger with downtrend). Let's see how they go. The GBPUSD is up ~70 pips now.
Closed 'em all for a wholeeee lotta pips. Nice work NB, your strategy is proving to be a real winner.
  • #1,858
  • May 15, 2012 6:56am May 15, 2012 6:56am
Quoting Jemook
Closed 'em all for a wholeeee lotta pips. Nice work NB, your strategy is proving to be a real winner.
Jemook,

What was your trigger on those trades? I note there wasn't a lot of trend information from the TMA slope and the MA's on the H! for the most part were flat.

Sure there was negative information on other timescales but on the H1 things looked a little more ambiguous up until the break occurred.

Thanks
  • #1,859
  • May 15, 2012 7:10am May 15, 2012 7:10am
Hi everybody,

I need your help guys, please.
It's kind of a strange situation. When i put 5.1 MA sell EA on chart when the price is below MA blue instead of selling it executes buy order. Please see the attached pic.
What am I doing wrong? I don't think the EA has a bag.
Attached Image (click to enlarge)
Click to Enlarge Name: MA EA sell.jpg Size: 222 KB
  • #1,860
  • May 15, 2012 7:15am May 15, 2012 7:15am
Quoting cmeade2
Jemook,

What was your trigger on those trades? I note there wasn't a lot of trend information from the TMA slope and the MA's on the H! for the most part were flat.

Sure there was negative information on other timescales but on the H1 things looked a little more ambiguous up until the break occurred.

Thanks
So for AUDUSD and EURUSD we are in a downtrend on both Daily and 4H. We are also trading underneath the weekly pivot AND monthly pivot. I saw a retracement on both of these currency pairs.

The AUDUSD retraced to the weekly open and the EURUSD retraced to Weekly Sup1. Because we are in a downtrend these are logical places for price to bounce off and continue moving in the downtrend that we are in. The other big clue is that on the H1 the top of the TMA outer band was also hit.

So I set the EA's to trigger SHORT as soon as price touched the blue 5MA and then set my stoploss above the last swing high.

Targets were next support, both hit. Wam, bam, thank you Nanningbob.

The GBPUSD trade did a similar thing except retraced to the weekly pivot & top TMA band. So I let it hit that pivot and then switch to 1hr and enter on touch/cross of the 5MA.

What is interesting to note is that I could have entered short on a touch of the pivot instead of waiting for the 5MA touch/cross and banked more pips. But maybe it's better to wait for that confirmation of the 5MA cross in case it blasts through.

I'll let NB say if I've got this all correct or not.
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