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Nb 10.0 trend trading system

  • #2,001
  • May 16, 2012 10:38am May 16, 2012 10:38am
Just triggered short on continuation for AUDUSD. Missed the GBPUSD trade. Nice. May look to book profits prior to Fed Minutes this afternoon.
  • #2,002
  • May 16, 2012 10:44am May 16, 2012 10:44am
Just closed all at +10% in 3 days. Brilliant stuff in a trending market. I'm very interested to see what happens when the trend changes and how quick we all are in spotting it and flipping direction.
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  • #2,003
  • May 16, 2012 10:49am May 16, 2012 10:49am
well done
  • #2,004
  • May 16, 2012 10:52am May 16, 2012 10:52am
Quoting Jemook
Just closed all at +10% in 3 days. Brilliant stuff in a trending market. I'm very interested to see what happens when the trend changes and how quick we all are in spotting it and flipping direction.
I also had similar results since Friday. There still are few shorts running. Lets see what happens at close of day today. I will report my % gain or loss today after close.
Just a thought. Why don't we create an EA for this strategy. Seems pretty straight forward with not too much confusion.
  • #2,005
  • May 16, 2012 10:57am May 16, 2012 10:57am
Quoting forexripper
I also had similar results since Friday. There still are few shorts running. Lets see what happens at close of day today. I will report my % gain or loss today after close.
Just a thought. Why don't we create an EA for this strategy. Seems pretty straight forward with not too much confusion.
For all your robotic needs:

http://www.stevehopwoodforex.com/php...php?f=37&t=552
  • #2,006
  • May 16, 2012 10:58am May 16, 2012 10:58am
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.
Thanks NB. Hope you had a profitable day. enjoy the rest of your evening.
Cheers
  • #2,007
  • May 16, 2012 11:00am May 16, 2012 11:00am
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..
True. I'm gonna wait for a retrace, and then take it from there. Olympics give the region a nice boost, but EU issues weighing heavier on sentiment so I reckon this will have another downward spiral on any sign of negativity...
thanks for the response.
  • #2,008
  • May 16, 2012 11:02am May 16, 2012 11:02am
Quoting Jemook
For all your robotic needs:

http://www.stevehopwoodforex.com/php...php?f=37&t=552
Thanks but he does not seem to be interested in developing an EA for this one.
  • #2,009
  • May 16, 2012 11:02am May 16, 2012 11:02am
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
Same thing on my end. I just let it hit my stop. I will look to re-enter if the conditions are right. I prefer to stick to my rules and look at each trade seperately. Otherwise its easy to get carried away in the emotion.
  • #2,010
  • May 16, 2012 11:05am May 16, 2012 11:05am
Quoting forexripper
Thanks but he does not seem to be interested in developing an EA for this one.
Sorry maybe I misunderstood you? The link I posted is a link to an auto-trading EA for the 10.2 system that Steve is developing. Isn't that what you are looking for?
  • #2,011
  • May 16, 2012 11:07am May 16, 2012 11:07am
Quoting Jemook
Just got back to my computer and saw this AUDUSD trade lining up. I took it on the M15 but it might have been better to take it on the H1.

1. TMA Slope is downtrending on daily and H4
2. Top TMA of M15 and H1
3. Bounce off pivot and then a touch of the 5MA to get in.

Been pretty good to me this week so far, let's see if the US session wants to bring it down further.
Thanks Bud. This illustrates perfectly what you explained in your PM around my GU query. Hope this works out for you
  • #2,012
  • May 16, 2012 11:10am May 16, 2012 11:10am
Quoting nanningbob
Rule #126B section 2 paragraph 43. The market only follows the rules on a backtest.
  • #2,013
  • May 16, 2012 11:11am May 16, 2012 11:11am
A mention of QE3 in the minutes this afternoon may turn the current trend and bias in the near term. If it happens, I will wait to see if some of the weekly and monthly pivots hold and play then back in the direction of the main trend with fairly close initial stops. Just my .02

stop placed at +35 to protect profits on gbpaud. Out Audusd for 7 pips. No new trades until after minutes.
  • #2,014
  • May 16, 2012 11:14am May 16, 2012 11:14am
Quoting panamamike
A mention of QE3 in the minutes this afternoon may turn the current trend and bias in the near term. If it happens, I will wait to see if some of the weekly and monthly pivots hold and play then back in the direction of the main trend with fairly close initial stops. Just my .02
I don't see QE3 coming as recent reports on US economy have been decent (atleast on paper as it appears). So ride the shorts is my call. A spike is expected in up direction but I would ignore it.
  • #2,015
  • May 16, 2012 11:37am May 16, 2012 11:37am
Quoting forexripper
I don't see QE3 coming as recent reports on US economy have been decent (atleast on paper as it appears). So ride the shorts is my call. A spike is expected in up direction but I would ignore it.
Oh by no means do I see it happening either, but it may allow us to get some meaningful retracement for the next move.
  • #2,016
  • May 16, 2012 1:17pm May 16, 2012 1:17pm
back in trend continuation of usd/chf and eur/usd. Pending audusd short below .99
  • #2,017
  • May 16, 2012 1:40pm May 16, 2012 1:40pm
closed gbpaud long +60. Will look to re-enter that trend after roll-over.
  • #2,018
  • May 16, 2012 2:13pm May 16, 2012 2:13pm
I came across this system at the beginning of April, started it off on demo and went live at the beginning of May on a micro account. As it stands 16 days later, my account has 1500 pips in the bag. This system has to be the simplest and most powerful one around and I cannot thank you enough for sharing it. The instructions are clear and well thought out and obviously took a great deal of time to produce. Thank you Bob..!
  • #2,019
  • May 16, 2012 2:55pm May 16, 2012 2:55pm
Quoting Tigershark
I came across this system at the beginning of April, started it off on demo and went live at the beginning of May on a micro account. As it stands 16 days later, my account has 1500 pips in the bag. This system has to be the simplest and most powerful one around and I cannot thank you enough for sharing it. The instructions are clear and well thought out and obviously took a great deal of time to produce. Thank you Bob..!
This is great news for all of us. This will enhance confidence in this method. Is it possible for you to share your trades with us so we mutually learn.
Basic rules are same as look at D1, slope colour, break of monthly pivot or S1 or R1 and goto H4 and trade when slope is in line with D1 and breaks weekly pivot, S1 or R1. Did you follow them exactly or tweaked it a bit. I am interested to know. So far I have bagged in last 4 days around 500 pips.
  • #2,020
  • May 16, 2012 3:49pm May 16, 2012 3:49pm
Quoting forexripper
This is great news for all of us. This will enhance confidence in this method. Is it possible for you to share your trades with us so we mutually learn.
Basic rules are same as look at D1, slope colour, break of monthly pivot or S1 or R1 and goto H4 and trade when slope is in line with D1 and breaks weekly pivot, S1 or R1. Did you follow them exactly or tweaked it a bit. I am interested to know. So far I have bagged in last 4 days around 500 pips.
Hi Mr Ripper
Basically all of the above with a bit thrown in from having being a keen follower of Sam Seiden and his Supply and Demand teachings for about 3 years. I have been using the big picture curb for potential hazards and multi time frame analysis to pick profit targets.
I would love to say I would post my trades, but I am very much a set and forget trader with a very busy work life away from the charts.
But having bagged 500 pips in 4 days sounds as if you may have found yours too. Keep money management tight and those pips rolling in.
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