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Nb 10.0 trend trading system

  • #1,921
  • May 16, 2012 2:17am May 16, 2012 2:17am
Quoting Kelisa
UCAD has its run of a life time....
Re look at long term charts for each major. Not even close. Jpy run the last 3 years and commodity currency runs from QE stock bubble artificial purchaing are what u described. Can anyone justify the latest run on equities, led by commodity currencies,( that are adjusting/ starting to pop) where we hit multi year highs recently? Things fall faster than they climb and we have just seen the start of the re-adjustment of inflated markets in poor fundamental environments. the only stock buys, which are funded by risk on trades are prayers for QE 3 to make wall street BS bonuses while destroying wealth. Just my .02
  • #1,922
  • May 16, 2012 2:17am May 16, 2012 2:17am
Quoting itsaquestion
Hi Bob! Thinks for you system!

I have a question:

A pair like USDCHF, which is going up for a few day and the price never touch the 5MA lines and TMASlope is always more then 0.8.

Is there any chance that I can get into the up trend in these going up days, or I should wait until the price touch the MA lines?

Thinks!
You might consider price to test the S line, then once support turns R, u can enter long there..
  • #1,923
  • May 16, 2012 2:19am May 16, 2012 2:19am
Quoting panamamike
Re look at long term charts for each major. Not even close. Jpy run the last 3 years and commodity currency runs from QE stock bubble artificial purchaing are what u described. Can anyone justify the latest run on equities, led by commodity currencies,( that are adjusting/ starting to pop) where we hit multi year highs recently? Things fall faster than they climb and we have just seen the start of the re-adjustment of inflated markets in poor fundamental environments. the only stock buys, which are funded by risk on trades are prayers for QE...
when u look are macro view, yes, thats true.
  • #1,924
  • May 16, 2012 2:21am May 16, 2012 2:21am
Quoting Kelisa
brave! you had your long before R line eh..
I took this one on the break of R1. Posted up a screenshot a bit before
  • #1,925
  • May 16, 2012 2:30am May 16, 2012 2:30am
Quoting Kelisa
No one can predict fundies, thats what Bob meant. Over thinking on this system is also for us to feedback to him and steve and the bunch of nerdy , handsome, programmers.
Hahahahahahaha. I Agree, that iis why a bot will be difficult to replace thought and understanding In this market environment. It will take 3-5 strong risk on days to make me question the direction of the short - mid term of this market. In fact the fundamentals are so strong , I would love moves back to W and M pivots to strongly position for the next run against eur and commodity currencies. Eur may get support but the commodity currencies and commodities across the board are going to get crushed for the next 12-18 months. Just my .02

anyone see the H & S developing on several monthlies right now? The measured moves are Huge, and the positionings are close. The fundamentals are supporting. Now eur will likely retrace until the next vote. As it approaches look at the monthly setups. Those are huge juicy moves a coming
  • #1,926
  • May 16, 2012 2:39am May 16, 2012 2:39am
Quoting Kelisa
UCAD has its run of a life time....
Yep remember NNbob said something a long the line as if EU, AU goes down something else have to move too(sorry if I misquote). He did say USDCAD is a possibility, it turns out to be true. It's amazing considering USDCAD have been ranging.

The other one running is GBPNZD.

I think if we have a way to index a currency(vs a basket of currencies) move in terms of % for X number of days, weeks all plotted together it will be good. Then we can see and study the relationships more clearly.

Kelisa are you still in your AU trade? cause it is going real good now.. also does anyone here trade gold? because from my backtest in H4 and D1 it performs very well too. I haven't figure what level XAUUSD is yet.
Riding the order flow
  • #1,927
  • May 16, 2012 3:17am May 16, 2012 3:17am
Quoting Kelisa
You might consider price to test the S line, then once support turns R, u can enter long there..
When the price goes up and across the R lines, I guess it will go back rather than go up accroding to the history, but these days the trend is so strong and the price goes far and breaks so many RS lines, this makes me confused.

I am not familiar with fundamental analysis, is there any News/Data could make the price go so far?
  • #1,928
  • May 16, 2012 3:41am May 16, 2012 3:41am
Quoting nanningbob
I think you maybe putting more emphasis into the slope than is warranted. I just glance at it. sloping up or down. Remember the slope or angle is always angling up when it is above 0 and angling down when it is below 0. After that it is just a matter of how much of an angle. The more the angle the stronger the move and the better chance you have it will continue going in its direction. It is a simple read. Then go see where you want to enter your trade and you dont need the slope for that. Do you want to enter off of a S/R line or MA line or a previous...
Looking at the H1 TF and lower, there is the TMA True indicator, 3 black wavy lines running across the screen and resembling Bollinger bands. The booklets prescribe this indicator for when pa is consolidating. This is the indi I am talking about and not the TMA slope which does not even appear in the H1 and lower TFs.

To use the TMA True, you have to sit up and watch for when price crosses the upper band (to sell) or the lower band (to buy). It is this sitting up to watch price that I think an alert will save us from. You can set it up and go do whatever until you hear the alert. You can then just come enter a trade.

Otherwise, you are glued to the screen all the time.

TMA slope does not need an alert. As you said, you don't need more than a glance (or two) at it to get its message.

This must not be a diversion from what is unquestionably a truly complete system in itself as it is. An alert for the TMA True indicator will simply be like gravy on the roast!!! Maybe, in due course, we'll be fortunate to have someone offer to write it.
  • #1,929
  • May 16, 2012 3:43am May 16, 2012 3:43am
Quoting itsaquestion

I am not familiar with fundamental analysis, is there any News/Data could make the price go so far?
NNbob gave some good explanation with examples about it some days ago.

Central bank policy like the SNB does move currencies(check out EURCHF). The other one is interest rates. The lowering of AUD interest have send it into a bear market. While there are others this is just 2 of many.
Riding the order flow
  • #1,930
  • May 16, 2012 3:43am May 16, 2012 3:43am
Quoting panamamike
Why do u hope u r wrong? I would rather just be on the correct side of the move . I don't have any more invested opinion than my last trade....and an OUT before it hurts. That is what this system does. Seems u r over thinking what u built so u didn't over think. Just my .02
I do not wish ill will on anyone so I can make money is what I mean. Obvious, we are starting to see moves like we did back on Oct. 2008 and May 2010. When currencies are not zig zagging back and forth,it means business is not being done and something is up. Forex is about businesses being done between nations. Big straight drops without the usual zig zag movement of business means something is wrong. In the long run that will affect both you and me. I would rather see the zig zag if you dont mind.
  • #1,931
  • May 16, 2012 3:50am May 16, 2012 3:50am
Quoting Binyamin
....

Kelisa are you still in your AU trade? cause it is going real good now.. also does anyone here trade gold? because from my backtest in H4 and D1 it performs very well too. I haven't figure what level XAUUSD is yet.

Nope, my AU close green already yesterday. This morning has AUDCHF short on rejection of WR1, its still running to pivot now.
  • #1,932
  • May 16, 2012 3:52am May 16, 2012 3:52am
Quoting Pips4Fun
Looking at the H1 TF and lower, there is the TMA True indicator, 3 black wavy lines running across the screen and resembling Bollinger bands. The booklets prescribe this indicator for when pa is consolidating. This is the indi I am talking about and not the TMA slope which does not even appear in the H1 and lower TFs.

To use the TMA True, you have to sit up and watch for when price crosses the upper band (to sell) or the lower band (to buy). It is this sitting up to watch price that I think an alert will save us from. You can set it up and go do...
Sorry I misunderstood your question earlier. We stripped some of the bells and whistles out of the indicators so they would use less memory. Here is a version that does have the warning for breaking the upper and lower bands. I also set the numbers to match the slop of this system. The bands were made tight so that price would go outside of the bands warn you and then you take the trade as it comes back in. Never developed the lower TF trading with this system. The 2.23 was the last date it was adjusted.
Attached File(s)
File Type: mq4 10.2 TMA 2.23.mq4   8 KB | 728 downloads
  • #1,933
  • May 16, 2012 3:53am May 16, 2012 3:53am
GBPJPY also short. Price below WP and W1ma, with jpy strengthening, I took the bait.
  • #1,934
  • May 16, 2012 3:54am May 16, 2012 3:54am
Quoting nanningbob
When currencies are not zig zagging back and forth,it means business is not being done and something is up. Forex is about businesses being done between nations. Big straight drops without the usual zig zag movement of business means something is wrong. In the long run that will affect both you and me. I would rather see the zig zag if you dont mind.
I hate straight, fall-off-the cliff movement too. My elliot waves reading is all messed up now that there are no real zig zags to speak of. I don't think I am talking sense, but alas, that is what you get when you see precious NZD/USD breaks all forms of support and falls into the abyss three days running.
  • #1,935
  • May 16, 2012 3:56am May 16, 2012 3:56am
Bob,

UJ looks like a ranging pair, now teasing WR2. Is it possible to break up or reject R2 for a range pattern?
  • #1,936
  • May 16, 2012 3:57am May 16, 2012 3:57am
Quoting nanningbob
Sorry I misunderstood your question earlier. We stripped some of the bells and whistles out of the indicators so they would use less memory. Here is a version that does have the warning for breaking the upper and lower bands. I also set the numbers to match the slop of this system. The bands were made tight so that price would go outside of the bands warn you and then you take the trade as it comes back in. Never developed the lower TF trading with this system. The 2.23 was the last date it was adjusted.
Ah wonderful! Thanks so much. I think anyone intending to use the indi will find this very useful.

Thank you.
  • #1,937
  • May 16, 2012 4:07am May 16, 2012 4:07am
Quoting Kelisa
Bob,

UJ looks like a ranging pair, now teasing WR2. Is it possible to break up or reject R2 for a range pattern?
Ok lets take a look, aud nzd are cliff jumping along with some eur.
Gbp is schizo, snb says dont touch us, so that leaves usd, jpy to move north. Against each other that mean they should stagnate. However, maybe the USD will be the stronger. Daily sell bias, 4H buy bias. Flip a coin.
  • #1,938
  • May 16, 2012 4:11am May 16, 2012 4:11am
Quoting nanningbob
Ok lets take a look, aud nzd are cliff jumping along with some eur.
Gbp is schizo, snb says dont touch us, so that leaves usd, jpy to move north. Against each other that mean they should stagnate. However, maybe the USD will be the stronger. Daily sell bias, 4H buy bias. Flip a coin.
PM of Japan talk about the possibility of JPY intervention

http://online.wsj.com/article/SB1000...500605122.html

For that reason I will be cautious about buying JPY.
Riding the order flow
  • #1,939
  • May 16, 2012 4:23am May 16, 2012 4:23am
Quoting nanningbob
Ok lets take a look, aud nzd are cliff jumping along with some eur.
Gbp is schizo, snb says dont touch us, so that leaves usd, jpy to move north. Against each other that mean they should stagnate. However, maybe the USD will be the stronger. Daily sell bias, 4H buy bias. Flip a coin.
hmm........flipped the coin, it says, stay out for the time being
  • #1,940
  • May 16, 2012 4:31am May 16, 2012 4:31am
Quoting nanningbob
I do not wish ill will on anyone so I can make money is what I mean. Obvious, we are starting to see moves like we did back on Oct. 2008 and May 2010. When currencies are not zig zagging back and forth,it means business is not being done and something is up. Forex is about businesses being done between nations. Big straight drops without the usual zig zag movement of business means something is wrong. In the long run that will affect both you and me. I would rather see the zig zag if you dont mind.
Not to argue but I also like fundamental rebalancing and being on the correct side of the market. Your system puts us there, keeps you there, and allows to get out and back in to the main move. I love how well your system puts one on the correct side. At he end of he move he small loss to what is earned is a cost of doing business. I truly was not criticizing yor system. I think it is great. I agree and think this may end up being a larger rebalancing of currency than 2008 and 2010.
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