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Nb 10.0 trend trading system

  • #2,541
  • May 24, 2012 6:11pm May 24, 2012 6:11pm
Just a final thought here before I go to work. When this whole Euro thing plays out and no matter what direction it goes, it will be easy to follow. If price breaks sharply up and crosses that weekly pivot line buy. If it rallies but stays below the weekly pivot sell. You really dont have to guess at the fundamentals, those that do will tell you what is happening by its relationship to that line. Yeah ............
  • #2,542
  • May 24, 2012 7:54pm May 24, 2012 7:54pm
We are getting the first sign that the NZD run maybe coming to an end. The nzd/chf is showing the first sign. See pic below.

1. SRF failure- Price did not make it to S1
2. SRF success-Price did make it to R1 when it crossed the weekly pivot line.
3. 2MA is closing the gap and shows divergance
4. 1MA weekly is bullish now and is blue

3 and 4 now show that price is beginning to cross back up on the weekly chart. We will now look to see if the other NZD pairs will follow. See pic below.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd chf.gif Size: 37 KB
  • #2,543
  • May 24, 2012 7:59pm May 24, 2012 7:59pm
Dailly nzd/chf

5. Will price break S2 back up?
6. Price is coming back inside the -4 of the slope line showing that the downward strength is running out of steam.

What I am expecting now is to see reversal signals on the chart.
1. divergance
2. head and shoulder patterns
3. double bottoms
4. or 1,2,3 swing trade opportunity.

This will be the start of looking for CT trades. See daily below, we will now start to look to change our trading strategy concerning the nzd/chf.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd chf d.gif Size: 39 KB
  • #2,544
  • May 24, 2012 8:11pm May 24, 2012 8:11pm
Perfect insights Bob. Thanks for the word of caution of rebound and trend continuation.
  • #2,545
  • May 24, 2012 8:19pm May 24, 2012 8:19pm
on EU

1 the day dont break the MS3
2 weekly we have a DT
3 the TS its down the -8
Attached Image (click to enlarge)
Click to Enlarge Name: grafica 2.gif Size: 38 KB
  • #2,546
  • May 24, 2012 8:21pm May 24, 2012 8:21pm
Eu on H4

when the Eu break the ws2

i have a sell stop on 1.24880
Attached Image (click to enlarge)
Click to Enlarge Name: grafica 1.gif Size: 34 KB
  • #2,547
  • May 24, 2012 8:26pm May 24, 2012 8:26pm
today i have 72 pips on AUDUSD but i dont run the MTM and i finish to night on 6.5 pips

new lesson to me
  • #2,548
  • May 24, 2012 10:04pm May 24, 2012 10:04pm
Quoting jucaorma
today i have 72 pips on AUDUSD but i dont run the MTM and i finish to night on 6.5 pips

new lesson to me
You will learn over time that an AUD run will usually run around 50 pips so if you have 72 you grab it quickly.
  • #2,549
  • Edited 7:34am May 25, 2012 6:15am | Edited 7:34am
I shorted EURUSD from the H1. Trigger was the pin at the upper band of the Bollinger. Stop is above the S1. Fingers cross.

PS: To the big boys, I am a little fish so don't try to take out my stoploss I taste bitter and not worth the hassle

Update: TP for 60, and no I am not going to hold on to the trade. This is my first trade in a ranging market
Attached Image (click to enlarge)
Click to Enlarge Name: 7147685 Interbank FX Trader 4 - Demo Account - [EURUSD,H1]_2012-05-25_19-13-14.jpg Size: 186 KB
Riding the order flow
  • #2,550
  • May 25, 2012 7:32am May 25, 2012 7:32am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
[quote=Binyamin;5700247]I shorted EURUSD from the H1. Trigger was the pin at the upper band of the Bollinger. Stop is above the S1. Fingers cross.

Hi Binyamin same trick over here thanks to Bob's system and easy to use Ea's

http://i45.tinypic.com/rmu52x.jpg
  • #2,551
  • May 25, 2012 7:49am May 25, 2012 7:49am
Quoting Binyamin
I shorted EURUSD from the H1. Trigger was the pin at the upper band of the Bollinger. Stop is above the S1. Fingers cross.

PS: To the big boys, I am a little fish so don't try to take out my stoploss I taste bitter and not worth the hassle

Update: TP for 60, and no I am not going to hold on to the trade. This is my first trade in a ranging market
Well done bin.....I manage to harvest some 60pips for this plunge..to ws2, TP edi.
  • #2,552
  • May 25, 2012 7:52am May 25, 2012 7:52am
Quoting Kelisa
Well done bin.....I manage to harvest some 60pips for this plunge..to ws2, TP edi.
Good trade Kelisa. Now what you do is you see we are at 1.25 put a 1.2490 pending on because if it breaks 1.25 I expect a good plunge. And buy USD also if it does.
  • #2,553
  • May 25, 2012 8:00am May 25, 2012 8:00am
Good story here. How many more Euros does SNB want to buy??? At what point will they sink themselves trying to keep the safe haven currency buyers out. Wish I knew the answer to that one because buying CHF would be a gold mine.


http://www.forexfactory.com/news.php?do=news&id=364279
  • #2,554
  • May 25, 2012 8:01am May 25, 2012 8:01am
OK eur/jpy broke S1 first, which one is next. Getting greedy here.
  • #2,555
  • May 25, 2012 8:02am May 25, 2012 8:02am
OK eur/gbp broke S1, who is next.
  • #2,556
  • May 25, 2012 8:02am May 25, 2012 8:02am
OK eur/aud broke S1 who is next
  • #2,557
  • May 25, 2012 8:04am May 25, 2012 8:04am
Waiting for eur/cad and eur/usd to join the party. See you guys after 11 time to go out. I have my trades set for the night. BYE. Who ever heard of trader who leaves when things get exciting.
  • #2,558
  • May 25, 2012 8:05am May 25, 2012 8:05am
Quoting nanningbob
OK eur/aud broke S1 who is next
The H4 5.1 was right on the S1 which made for a nice trade.
  • #2,559
  • May 25, 2012 8:05am May 25, 2012 8:05am
Quoting nanningbob
OK eur/aud broke S1 who is next
anyone knows where to modify the fonts for the headline NB 10.2 and the S/R1 with pivots. I need to squeeze the charts and these are covering the price and the MAs.

Do we need to change the parameter Timeframe if using it in M15 instead of H4?
  • #2,560
  • May 25, 2012 8:11am May 25, 2012 8:11am
Quoting Kelisa
Well done bin.....I manage to harvest some 60pips for this plunge..to ws2, TP edi.
Nice one mate, I am keen on putting sell orders in eurusd but a bit reluctant because it is friday.....

I don't like paying weekend swaps, yuck

Have a nice one bob!
Riding the order flow
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