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Nb 10.0 trend trading system

  • #2,041
  • May 17, 2012 8:33am May 17, 2012 8:33am
Quoting Verb
I'm long USDCHF, USDJPY, short EURUSD and GBPUSD still.
Look good trades. However, not sure on UJ as daily is ranging. So for me no trade on that one. Rest is good.
  • #2,042
  • May 17, 2012 8:42am May 17, 2012 8:42am
Quoting nanningbob
You know what is interesting about this system. It is watching it all day build strength in the direction the slope says it should be going. Interesting.
First, thank you so much Bob for this system. It has been a while that I have actually made profits. So far all is good. Now need to be sure on few things.

1) TP - What is the best TP setting i.e. $ specified, next S/R, or change of colour on slope (say from red to green for next 3-4 bars and I exit)

2) When a pair is has crossed Monthly S/R 3 on daily or Weekly S/R 3 should we still look to trade for more in the trend or leave that pair.

3) RR: If I place stops on last swing high or low and make TP as next S/R level than it most times does not justify RR. How to resolve this issue?

4) If D1 is ranging should I look for trades on H4 or leave the pair?

5) When and how to use weekly histograms (both of them). I am not too sure of their use? Currently
I am ignoring them kind of.

Thanks
  • #2,043
  • May 17, 2012 9:04am May 17, 2012 9:04am
Hi Bob - Great thread. Thanks for your experience and your time in sharing. Very much appreciated.
Question: I understand crossover of 2ma & 8ma - Are the weekly histograms supposed to be a representation of those physical lines? If not or even if so, I understand how to interpret one of them but not the two histograms. Together how do I read them? I know they are important so thank you in advance for your reply.
Tom
  • #2,044
  • May 17, 2012 9:08am May 17, 2012 9:08am
Please read the booklets. All is explained in them!
  • #2,045
  • May 17, 2012 9:21am May 17, 2012 9:21am
Quoting Jemook
Please read the booklets. All is explained in them!
Hey Jemook - Thanks for your comment. I promise I did read the booklets, all of them several times. Sometimes when you get a little older you just don't quite understand everything so readily. That is the case with me and the reason I asked the question.
If you understand, please explain to me - I don't know why I can't get it - I just can't. Usually I am quick and brilliant in my reading comprehension. I appreciate your understanding.

Tom
  • #2,046
  • May 17, 2012 9:54am May 17, 2012 9:54am
Quoting Jemook
Isn't it great? I love how quickly the positions are going into profit. Most fun I've ever had trading.
I know. Loving it! I placed a pending sell 10 pips under the Cable weekly S3, and I took 40 pips on the break down. There was 80+ pips in the move, but I have my own t/p rules which I try and stick to.
  • #2,047
  • May 17, 2012 10:10am May 17, 2012 10:10am
I'm considering opening an account with IBFX and using VPS for my demo trading.

Just wanted to get feedback if anyone has had issues with using IBFX and the VPS server trading with NB indicators on MT4?

Thanks for the feedback!

John
  • #2,048
  • May 17, 2012 10:11am May 17, 2012 10:11am
I am new to this forum , I was following Al forum and I just discovered the 10.2 system .... I read the booklets and I congratulate the author ... It is very clear and coherent.... I discovered that it is a 6 years work that it is shared here... I don't have the words to explain this generosity... Anyway it is great system .... Thanks guys .... I am working since 3 years on an EA based on signals, rules and engines and recovery.... I will integrate these rules and I will give you my feedback
  • #2,049
  • May 17, 2012 10:12am May 17, 2012 10:12am
Quoting Kelisa
Used to fish, but not now. Now i learn to fish from Bob
I have gone fishing for Northern Pike, Walleye too. 494 pips today. 10 wins 2 losers, Caught the gbp/jpy trade. Love it.
  • #2,050
  • May 17, 2012 10:17am May 17, 2012 10:17am
Quoting nanningbob
I have gone fishing for Northern Pike, Walleye too. 494 pips today. 10 wins 2 losers, Caught the gbp/jpy trade. Love it.
Could you please help me with my questions in post# 2042. Would appreciate your thoughts. Thanks again.
  • #2,051
  • May 17, 2012 10:18am May 17, 2012 10:18am
Quoting forexripper
First, thank you so much Bob for this system. It has been a while that I have actually made profits. So far all is good. Now need to be sure on few things.

1) TP - What is the best TP setting i.e. $ specified, next S/R, or change of colour on slope (say from red to green for next 3-4 bars and I exit)

2) When a pair is has crossed Monthly S/R 3 on daily or Weekly S/R 3 should we still look to trade for more in the trend or leave that pair.

3) RR: If I place stops on last swing high or low and make TP as next S/R level than it most times does...
The histograms are dummy bars, gold - orange sell, green - blue buy. They are your weekly trends and weekly direction. They tell you something is wrong if you are going against them. I also get leary of trades if those bars are too big. Dont want to get into whiplash.

If D1 is ranging look for bias and crossing of pivot lines for direction.

Seem like I write about TP every 5 pages. I TP based on time of day more than S/R lines unless I am trading longer term, but you will see them match quite often like I did tonight.

2-3 hours into JPY session
1-2 hours before USA session
3-4 hours into USA session
2 hours before jpy session.

Those will also be the best times to find price at these S/R lines.
  • #2,052
  • May 17, 2012 10:20am May 17, 2012 10:20am
Trades will only go beyond S3/R3 if on strong fundamentals. I TP out there and then wait for a retrace. I wouldnt enter out there unless I know what is driving the market. Just put the red screen on your screen and see how often it goes beyond the white S3R3 lines. That should answer your question.
  • #2,053
  • May 17, 2012 10:30am May 17, 2012 10:30am
Quoting tomthepoppop
Hi Bob - Great thread. Thanks for your experience and your time in sharing. Very much appreciated.
Question: I understand crossover of 2ma & 8ma - Are the weekly histograms supposed to be a representation of those physical lines? If not or even if so, I understand how to interpret one of them but not the two histograms. Together how do I read them? I know they are important so thank you in advance for your reply.
Tom
The 2ma shift 2 was a smoothed line and the 5ma 1shift is a lwma and are basically identical lines. So that one has not changed. The 8 MA was replaced by the histograms. They become more important in ranging markets letting you know price may be reversing direction. If they are showing different directions then price is between the 1ma and 2ma on the weekly chart.

Just put a 2ma shift 1 and a 1 ma shift 1 open and put them on the weekly chart and the difference between those two is what those histograms are showing. In other words follow the long term 2MA trend and the weekly 1MA trend on the weekly. If they dont agree with your trade you better be sure you know why you are not following them. The light gray line on the 4H chart is your weekly
  • #2,054
  • May 17, 2012 10:35am May 17, 2012 10:35am
Quoting nanningbob
The 2ma shift 2 was a smoothed line and the 5ma 1shift is a lwma and are basically identical lines. So that one has not changed. The 8 MA was replaced by the histograms. They become more important in ranging markets letting you know price may be reversing direction. If they are showing different directions then price is between the 1ma and 2ma on the weekly chart.

Just put a 2ma shift 1 and a 1 ma shift 1 open and put them on the weekly chart and the difference between those two is what those histograms are showing. In other words follow the...
Thanks - I'm reading, reading, reading and slowly coming to an understanding.
The comments above help alot. Thanks for taking the time.
  • #2,055
  • May 17, 2012 10:50am May 17, 2012 10:50am
Quoting john3344
I'm considering opening an account with IBFX and using VPS for my demo trading.

Just wanted to get feedback if anyone has had issues with using IBFX and the VPS server trading with NB indicators on MT4?

Thanks for the feedback!

John
I use IBFX USA for over 4 years now. Decent company good service but missed my TP on the gbp/cad or the 3rd time this week. Got all the others though so I cant complain too much.
  • #2,056
  • May 17, 2012 10:53am May 17, 2012 10:53am
Quoting tomthepoppop
Thanks - I'm reading, reading, reading and slowly coming to an understanding.
The comments above help alot. Thanks for taking the time.
Hey Tom I understand the getting older part. Want a real challenge in life. Try speaking Chinese with their 4 tones. One sound,4 tones, four different meanings. SHeeeeeeeeeeesh.
  • #2,057
  • May 17, 2012 11:02am May 17, 2012 11:02am
Quoting nanningbob
Hey Tom I understand the getting older part. Want a real challenge in life. Try speaking Chinese with their 4 tones. One sound,4 tones, four different meanings. SHeeeeeeeeeeesh.
And I thought English was tough enuff! You are quite a guy. Teach English to Chinese and teach Trading to the rest of the world. I will observe with joy and great expectations and if possible, occasionally, contribute.
Tom
  • #2,058
  • May 17, 2012 11:02am May 17, 2012 11:02am
Quoting nanningbob
Hey Tom I understand the getting older part. Want a real challenge in life. Try speaking Chinese with their 4 tones. One sound,4 tones, four different meanings. SHeeeeeeeeeeesh.
I am learning the thai language, five different tones ...

low - mid - rising - high - falling

Very difficult.
  • #2,059
  • May 17, 2012 11:21am May 17, 2012 11:21am
My firsts public call to a SRF trade aud/cad. Using the MA 5.1 for this one. Failed to hit the R1 line and could be going down.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad srf.gif Size: 30 KB
  • #2,060
  • May 17, 2012 12:03pm May 17, 2012 12:03pm
Quoting tomthepoppop

And I thought English was tough enuff! You are quite a guy. Teach English to Chinese and teach Trading to the rest of the world. I will observe with joy and great expectations and if possible, occasionally, contribute.
Tom
Hi

R u from china? probably we can help each other
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