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Nb 10.0 trend trading system

  • #1,981
  • May 16, 2012 7:10am May 16, 2012 7:10am
Quoting cytek
Hi,

Do you reckon the GU is done, or just retracing for another sell push.
Daily shows ranging, and H4 sell (0.9 TMA slope) - one of those toss a coin moments too?
First I will be very happy to see the market retracing again. These long drawn out trends that just run slowly drive me nuts. But the answer is yes, I will look to reenter, it is time for the gbp to go the other way for a while after a nice move up.
  • #1,982
  • May 16, 2012 7:14am May 16, 2012 7:14am
Quoting Pips4Fun
I'm actually looking for an EA that can be set once to:

Lock 10 at 25
Lock 25 at 35
TP at 40
Set visible TP with broker at 50
Steve's MPTM will do that. Set the TP at 40 set the BE at 10 at +25 and put a +10 jumping SL on it. It will also hide your TP with a visible TP and then TP when you want it too.
  • #1,983
  • May 16, 2012 7:17am May 16, 2012 7:17am
Quoting Binyamin
EU hit my trailing stop for 50 pips. I am wondering whether to even move my SL to break even. Because when I backtest strictly by the rules, the results are way better then if I break the rules and take quick profits.

The rule I broke was exiting b4 the slope becomes higher than -0.8
Rule #126B section 2 paragraph 43. The market only follows the rules on a backtest.
  • #1,984
  • May 16, 2012 7:18am May 16, 2012 7:18am
Quoting nanningbob
First I will be very happy to see the market retracing again. These long drawn out trends that just run slowly drive me nuts. But the answer is yes, I will look to reenter, it is time for the gbp to go the other way for a while after a nice move up.
Hi! Are you looking for a 1HR MA touch/cross to reenter short?
  • #1,985
  • May 16, 2012 7:20am May 16, 2012 7:20am
Quoting Binyamin
From the manual, the valid trigger by the rules are

1) The cross of a S/R

OR

2) price crossing the MA on the right side of the trade.

Correct me if I am mistaken
I also will trade off a previous swing high or low when the market is not retracing like normal. I also will enter off of numbers ending 000. Seems the market likes holding at these points and then going through them.
  • #1,986
  • May 16, 2012 7:22am May 16, 2012 7:22am
Quoting cmeade2
Jemook

You are clearly more skilled than I am. Indeed it is uptrending on H4 and daily, but the TMA slope has gone negative on the H1. On the 15 minute it also looks very negative.
Watch the higher TF TMA slope for trend direction. So if daily and H4 are showing 0.4 to 0.8 look for buys. If it's showing -.04 to -.08 look for sells.


Quoting cmeade2
OK help me out here. The AU and UCAD are both currently at S1 and R1. Are you saying that you are waiting on a MA cross above/below these levels?
So from what I said above:

The AU is in a downtrend. The UCAD is in an uptrend. So I'm looking for a bounce down off the S1 for AU or bounce up from R1 on UCAD.. I use the 1H to finetune my entry and enter when it touches the 5MA.
  • #1,987
  • May 16, 2012 7:25am May 16, 2012 7:25am
Quoting Jemook
Watch the higher TF TMA slope for trend direction. So if daily and H4 are showing 0.4 to 0.8 look for buys. If it's showing -.04 to -.08 look for sells.
As you know you can different TMA slopes on different time frames (positive on one negative on another).

So you are saying that you always go with the higher timeframe to give the trade direction?
  • #1,988
  • May 16, 2012 7:27am May 16, 2012 7:27am
Quoting cmeade2
As you know you can different TMA slopes on different time frames (positive on one negative on another).

So you are saying that you always go with the higher timeframe to give the trade direction?
Yep! Have a re-read of the manual. I learn something new each time I read it.
  • #1,989
  • May 16, 2012 7:29am May 16, 2012 7:29am
usd/cad is a good candidate for trading back into the UT. It just broke through a previous high which was resistance and now it should bounce off of the same area because it will become support. This is a classic 1,2,3 swing trade setup. Price breaks out, retests the previous S/R line and then takes off again. I will be looking to reenter with a MA EA tomorrow. Daily is above 4 and close to the 8 showing it could run.

Negatives: 4H is showing above 4 but not 8. Pin bar on daily makes it iffy at this time however there are still 10 hours of trading time so it could take the pin bar out. 4H strength between 4 and 8 showing it may or may not have enough to keep moving.

I will be taking the EA and seeing what I can pick up.
  • #1,990
  • May 16, 2012 7:32am May 16, 2012 7:32am
Quoting Jemook
Hi! Are you looking for a 1HR MA touch/cross to reenter short?
I rarely use the 1H unless the area is crowded by MA lines and S/R lines and I need a better view. I am not a good 1H trader, this may seem funny but I ahve never been profitable there.
  • #1,991
  • May 16, 2012 7:34am May 16, 2012 7:34am
Quoting nanningbob
usd/cad is a good candidate for trading back into the UT. It just broke through a previous high which was resistance and now it should bounce off of the same area because it will become support. This is a classic 1,2,3 swing trade setup. Price breaks out, retests the previous S/R line and then takes off again. I will be looking to reenter with a MA EA tomorrow. Daily is above 4 and close to the 8 showing it could run.

Negatives: 4H is showing above 4 but not 8. Pin bar on daily makes it iffy at this time however there are still 10 hours of trading...
Locked and loaded. I have a question for you when using the MA EA. I like to use a previous swing low/high as a stop and risk a % of my account so each time I do a trade my lot size is different depending on how far my stop is. With the EA I'm finding it difficult to choose which lot size to enter with as I'm not sure if price will continue further downwards. Are you using the same lot size with each entry?
  • #1,992
  • May 16, 2012 7:38am May 16, 2012 7:38am
OK Jemook

If you look at the recent 1H chart of the EURGBP you see that it touched the WS1 and then it came down and slightly broke through the 5 MA. The TMA slopes are totally negative on the H4 and the daily.

Would you have sold it on the 5 MA? If so, what would be your stop?
Attached File(s)
File Type: pdf eg.pdf   381 KB | 409 downloads
  • #1,993
  • May 16, 2012 7:45am May 16, 2012 7:45am
Quoting cmeade2
OK Jemook

If you look at the recent 1H chart of the EURGBP you see that it touched the WS1 and then it came down and slightly broke through the 5 MA. The TMA slopes are totally negative on the H4 and the daily.

Would you have sold it on the 5 MA? If so, what would be your stop?
Around .8015

Please note that I'm demoing atm and still trying to find the right solution to money management with this system so don't take what I say for gospel
  • #1,994
  • May 16, 2012 7:47am May 16, 2012 7:47am
Quoting Jemook
Around .8015

Please note that I'm demoing atm and still trying to find the right solution to money management with this system so don't take what I say for gospel
OK the key point is that you would have sold it around 0.7980
  • #1,995
  • May 16, 2012 7:47am May 16, 2012 7:47am
Long GBPAUD at the weekly pivot for a bounce. Also right at 1.60 roiundie.
  • #1,996
  • May 16, 2012 8:02am May 16, 2012 8:02am
Quoting Jemook
Locked and loaded. I have a question for you when using the MA EA. I like to use a previous swing low/high as a stop and risk a % of my account so each time I do a trade my lot size is different depending on how far my stop is. With the EA I'm finding it difficult to choose which lot size to enter with as I'm not sure if price will continue further downwards. Are you using the same lot size with each entry?
Yes I use a same size fits all based on my overall balance of my account. My SL are more based on percent of the account. My max being, when I am not breaking my own rules is 1%. So if I have a 2000 account and I trade 1.00 dollar lots 1% of 2000 is 20 bucks so my SL would be in a 20 pip range. If I trade .10 then my SL would be in the 200 pip range. I prefer the bigger ranges and prefer to stay in DT trades as long as my indicators are showing it is in a DT. It is when it changes to UT that I get nervous on a trade. I do not recommend recovery on trades when price has clearly changed from DT to UT. Just close out and move on.
  • #1,997
  • May 16, 2012 8:04am May 16, 2012 8:04am
Time for bed for me. Long day tomorrow. usd/cad hit my EA for an entrance. Hopefully it will run while I am sleeping.
  • #1,998
  • May 16, 2012 8:09am May 16, 2012 8:09am
Quoting panamamike
Long GBPAUD at the weekly pivot for a bounce. Also right at 1.60 roiundie.
Nice call buddy!

I'm in on GBPUSD short, USDCAD long & AUDUSD short.
  • #1,999
  • May 16, 2012 8:13am May 16, 2012 8:13am
Quoting nanningbob
Time for bed for me. Long day tomorrow. usd/cad hit my EA for an entrance. Hopefully it will run while I am sleeping.
Good luck, thanks for your help tonight.
  • #2,000
  • May 16, 2012 8:37am May 16, 2012 8:37am
Quoting Kelisa
Hmm....I guess the traders are all waiting for something to push one direction, its better to be on the side to watch first..
I placed a pending sell just below last swing low on H1 chart - let's see what breaks...
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