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Nb 10.0 trend trading system

  • #2,461
  • May 23, 2012 1:17pm May 23, 2012 1:17pm
Quoting forexripper
Hi all,

Anyone trading full time basis using this or any other method? My goal is to do so subject to a good trading methodology with which I get very comfortable. I think I have found one NNBob's 10.2. Just need to test it out in all kinds of markets and then go full time with it.

Ideas?????????

Hi forexripper, in answer to your question about your goal:

1) How much income would you be comfortable with? $100.00 a week, $500.00 or $1,000.00
2) What financial responsibilities do you have?
3) What other source of income do you have?

soooo many more questions that you and only you can answer.

I have:
retirement income,
rental property
investment properties in other countries
and most important....I don't owe anybody any money !!!!!!!!!!!

I can only suggest that you find a system or systems that work in any kind of market, build up your equity so that you can make good comfortable bucks....you will know if you can survive on FOREX when the time comes.

Of course , that is only my suggestion.

Good luck trading (some people only trade 1 day a month, but they have other income))
  • #2,462
  • May 23, 2012 1:27pm May 23, 2012 1:27pm
I took the short.
  • #2,463
  • May 23, 2012 1:31pm May 23, 2012 1:31pm
Quoting The Chartist
Getting your trading in the position of bringing in enough money to replace a full time job is every traders dream, I think, but to make it your only job may not the best finanical choice. IMO you always want multiple streams of income, maybe 3. So I would work towards that goal, I am , but keep your job or side stream of income. Hopefully I didnt misunderstand and this is just my opinon
Totally agree. However, since my wife is working too I thought I may some day be able to do this full time and may be make it my business and expand. Just a dream.
  • #2,464
  • May 23, 2012 1:42pm May 23, 2012 1:42pm
Quoting forexripper
Totally agree. However, since my wife is working too I thought I may some day be able to do this full time and may be make it my business and expand. Just a dream.
I feel we are getting closer to our dreams together here on FF with the help of nanningbob and the rest of the great traders in this thread. Best of luck!
  • #2,465
  • May 23, 2012 1:44pm May 23, 2012 1:44pm
Quoting Binyamin
So my conclusion is we trade H4 in the direction the daily tells us. Happy Trading.
Amen!
  • #2,466
  • May 23, 2012 3:32pm May 23, 2012 3:32pm
And in the H4 we then take the weekly S/R/pivo lines into account and when its ranging we trade in H1 the cross of the pivot and between the 'TMA true' upper and lower lines?
  • #2,467
  • May 23, 2012 4:50pm May 23, 2012 4:50pm
To Nanningbob - Having been an ardent reader of your posts for sometime especially relating to the TMA slope indicator, I have an unusual request. I use the Metastock platform for charting forex pairs and was trying to find the TMA slope indicator formula to install on this platform, any help you can give would be appreciated.
  • #2,468
  • May 23, 2012 5:07pm May 23, 2012 5:07pm
Quoting Fxtrader45
To Nanningbob - Having been an ardent reader of your posts for sometime especially relating to the TMA slope indicator, I have an unusual request. I use the Metastock platform for charting forex pairs and was trying to find the TMA slope indicator formula to install on this platform, any help you can give would be appreciated.
Go to zznbrm thread he coded this:


http://www.forexfactory.com/showthre...87#post5694387

or go to Steve Hopwoods forum. He has a section for coding requests.
  • #2,469
  • May 23, 2012 5:19pm May 23, 2012 5:19pm
Quoting cwench
Hello,Bob!Question puzzled me for a long time, I always do not understand, do not know if is I'm stupid, such as the red box of the diagram below, pic1 a few hours before the tma slope is between 0.4 and -0.4,but after a few hours pic2 the tma slope with us to see not the same,it changes to below 0 and even below -0.4 and -0.8.This makes me thinking a bit messy.Because according to pic2,Arrows should sell.But the tma slope do not show it.Thank you to you to tell me solution!
OK the eur/usd daily showed strong sell bias see pic below and your chart showed a retracement on the 4H chart. The TMA slope also showed a sell bias when it came to the blue S1 line. Both weekly Open histograms are orange and gold showing sell. The obvious thing to do was to put a sell pending below the S1 blue line, which I did, and make money. Every indicator in the system is yelling sell sell sell. I dont understand why you are confused??
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 39 KB
  • #2,470
  • May 23, 2012 5:28pm May 23, 2012 5:28pm
Here is an aud/chf but you will find similar situations on most aud and nzd pairs. Take the trade back down over the pivot line or the cross back down of the MA line. These should be real nice trades today. Some of the pairs are better looking than others. This is a picture perfect SRF trade though. gbp/chf and gbp/aud have the same look.
Attached Image (click to enlarge)
Click to Enlarge Name: aud chf.gif Size: 38 KB
  • #2,471
  • May 23, 2012 5:36pm May 23, 2012 5:36pm
gbp pairs are in DT. I would look for retracements and reenter later in the day.
euro has broken some new fresh lows. Looks like the big elephants are sitting for now.

usd and jpy still seem to be the strongest pairs on the board. Look for them to dip and then continue strengthening.

Nice breakouts yesterday, I would expect them to continue today and tomorrow. Sorry so short but gotta run.
  • #2,472
  • May 23, 2012 5:38pm May 23, 2012 5:38pm
Has anyone seen anything like this before??? eur/chf not even a 10 pip range for 3 weeks now.
Attached Image (click to enlarge)
Click to Enlarge Name: eur chf.gif Size: 40 KB
  • #2,473
  • May 23, 2012 6:06pm May 23, 2012 6:06pm
NB or Other experts in this systems,

I like to redefine the system using my own word and see if I understand it correctly, please correct me if I am wrong, thank you.

Daily Chart:

TP: next support/resistence

Entry Timing: (for BUY, weekly open histogram must be green, for sell
weekly open histogram must be pink)

1. price breaks out of the blue MA or an major support/resistence
when TMA slope is greater/less than 0.4(buy open)/-0.4(sell open)
2. reenter or add positions: price falls back to MA or weekly open
when TMA slope is greater/less than 0.8(buy open)/-0.8(sell open)

Exit Timing:

TMA slope is falls back to 0.4(buy close)/-0.4(sell close)


Daily Range Trading (booklet 6 page 5/6):

This part is actually talking about consolidation phase before
1.reenter, 2. trend change, 3 SRF.

For scenario 1, just follow the rules stated above.

For scenario 2, 3, I kind of suspect that the TMA slope may
sometimes gives out false signal due to repaint, what the chart on
page 6 shows may not be what we see in real-time.
However, say the daily TMA slope gives clear sign that the price is
ranging, we should go to the lower TF and look to buy (if daily TMA
slope is positive) or sell (if daily TMA slope is negative).

The price action on lower TF would be CT back to a main
support/resistence and then follows the TMA slope bias of the higher
TF.


H4 Chart: I can't see major difference between the rules used by Daily and
H4 charts.


However, I kind of doubt that the TMA slope on page 10 would
look like that in real-time due to re-paint.

David Wu
  • #2,474
  • May 23, 2012 7:01pm May 23, 2012 7:01pm
Quoting nanningbob
OK the eur/usd daily showed strong sell bias see pic below and your chart showed a retracement on the 4H chart. The TMA slope also showed a sell bias when it came to the blue S1 line. Both weekly Open histograms are orange and gold showing sell. The obvious thing to do was to put a sell pending below the S1 blue line, which I did, and make money. Every indicator in the system is yelling sell sell sell. I dont understand why you are confused??
I know every indicator in the system is showing sell.In fact, I heard you talk so much. The confusion is why the tma slope indicator in 4h is not showing sell below the moving averagel, and then came to the blue S1 line shows sell. Because the best approach is that when it crosses the moving average.If I should interpret it this way, the tma slope indicator show a trend of that time. In that place is to be in the choice of direction.When the price moves to a certain extent, the tma slope indicator showes the direction.
  • #2,475
  • May 23, 2012 7:13pm May 23, 2012 7:13pm
Quoting nanningbob
Has anyone seen anything like this before??? eur/chf not even a 10 pip range for 3 weeks now.
something big is cooking up here. I would wait for break out of range and trade according to NNBob rules.
  • #2,476
  • May 23, 2012 8:58pm May 23, 2012 8:58pm
Quoting cwench
I know every indicator in the system is showing sell.In fact, I heard you talk so much. The confusion is why the tma slope indicator in 4h is not showing sell below the moving averagel, and then came to the blue S1 line shows sell. Because the best approach is that when it crosses the moving average.If I should interpret it this way, the tma slope indicator show a trend of that time. In that place is to be in the choice of direction.When the price moves to a certain extent, the tma slope indicator showes the direction.
Price retraced and the slope indicator showed that it retraced. This is normal. That gave the scenario for selling back into the DT. The slope showed that price was ranging on the 4H chart which it did for 4 or 5 days. At the end of the range period the 4H showed a sell bias, combined with a clear sell on the daily so you sell. You look at your S/R/pivot combined with trend lines (MA lines) you choose your best entrance and place your trade. Price then moved as expected down and the slope showed you how strong that downward slope was on the 4H. Price then hit S1 like we had hoped and then the indicator showed us the move was strong enough (closer to the 8 than the 4) for a second move below S1 and it did. So it correctly gave you the info to stay with the sell trade. The indicator right now shows the slope is beyond 8 so the chances are very good it will continue down to S2. That is how it works and that is how you should read it. I will be looking to enter the trade again as a sell expecting it to go to S2.

Once you learn to read these signals you will see it is very accurate. If at the end of the range, the 4H was showing a buy bias then you maybe looking at a price reversal but that is not what it did. 4H sell bias with Daily strong sell read lead to a decision to place a trade at the break of the pivot or trendline. That is how the system works. What you consider a repaint is not a repaint. The indicator is telling you the angle slope of price action is going down after a retrace so go with it. Once it got going then it correctly told you to stay with the trade. So I am. Just take the word repaint out of your vocabulary, it is one of the worst used phrases in FOREX. Learn to read what the indicator is telling you and go with the flow.
  • #2,477
  • May 23, 2012 9:00pm May 23, 2012 9:00pm
Quoting forexripper
something big is cooking up here. I would wait for break out of range and trade according to NNBob rules.
I wouldnt do that. The CHF is probably the most manipulated currency on the market right now and is not following fundamentals, indicators or news stories. The SNB has pegged the price and it is not going anywhere until they say so. So put eur/chf on a blank screen with your mptm and iexposure indi and put it to bed for now.
  • #2,478
  • May 23, 2012 9:46pm May 23, 2012 9:46pm
Aren't the EAs supposed to enter a trade on a retracement? All EAs (5.1, 5.3 and 5.5) are entering trades as soon as they are applied to the chart. Am I missing something?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy sell.gif Size: 31 KB
  • #2,479
  • May 23, 2012 9:58pm May 23, 2012 9:58pm
Quoting The Chartist
Aren't the EAs supposed to enter a trade on a retracement? All EAs (5.1, 5.3 and 5.5) are entering trades as soon as they are applied to the chart. Am I missing something?

Thanks!
Yes when you put the sell EA on and price is below the line it will enter. You are suppose to put the sell EA on when price is above the line so it will enter when price goes below the line. Close the trade and wait for a good entrance point. Other wise use the pending trades feature within MT4
  • #2,480
  • May 23, 2012 10:02pm May 23, 2012 10:02pm
http://www.forexfactory.com/news.php...30#post5695563

The Greek thing is heating up again. If it becomes big news expect a run up on USD as being the safe currency, CHF making sure no one uses it as a safe currency, Euro to dive some more, and GBP???? I dont know.

AUD, NZD, and JPY probably will share in the safe currency role. I cant predict the time this can happen but if it does watch out below. If there is some face saving happy news, then watch the EURO shoot up but I dont think borrowing more and more money is going to play well anymore with happy news time. Greece has yet to meet any of its agreements over the last two years and has just bought more time by borrowing more money. Anyone want to buy the Drachma??
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