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Nb 10.0 trend trading system

  • #2,581
  • May 27, 2012 3:07pm May 27, 2012 3:07pm
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
RE: the NB Templates - WHY are the UP candles RED and DOWN candles BLUE?

Still haven't quite figured out entries yet; apart from the excellent documentation in Post #1, has anyone put together a little "how to trade NB 10, step by step"?

Thanks, E.

It takes a lot for me to IGNORE you, but you can try.
  • #2,582
  • May 27, 2012 3:33pm May 27, 2012 3:33pm
Quoting Erebus
RE: the NB Templates - WHY are the UP candles RED and DOWN candles BLUE?

Still haven't quite figured out entries yet; apart from the excellent documentation in Post #1, has anyone put together a little "how to trade NB 10, step by step"?

Thanks, E.

My friend you need to read the booklet to get a grasp of things here. I think NNBob has done and excellent job in explaining it all step by step with examples. Earning money requires lot of hard work which he has done and we too need to by following his guidance.
  • #2,583
  • May 27, 2012 3:58pm May 27, 2012 3:58pm
Quoting Erebus
RE: the NB Templates - WHY are the UP candles RED and DOWN candles BLUE?

Still haven't quite figured out entries yet; apart from the excellent documentation in Post #1, has anyone put together a little "how to trade NB 10, step by step"?

Thanks, E.

Because that's the colour Bob chose for his candles. You choose your own and change them yourself if you don't like the current template colours.
  • #2,584
  • May 27, 2012 5:16pm May 27, 2012 5:16pm
Will see how the new pivot lines set up for the week so wait until later.
  • #2,585
  • May 27, 2012 5:39pm May 27, 2012 5:39pm
Quoting nanningbob
Will see how the new pivot lines set up for the week so wait until later.
I've got mine already?
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-28 08.37.43 am.png Size: 63 KB
  • #2,586
  • May 27, 2012 6:09pm May 27, 2012 6:09pm
Quoting Jemook
I've got mine already?
Mine come up in 1H, 8PM EST
  • #2,587
  • May 27, 2012 8:47pm May 27, 2012 8:47pm
Possible sell trade? Double top formed in H4 in AUDCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD_Dbl Top.JPG Size: 259 KB
  • #2,588
  • May 27, 2012 9:01pm May 27, 2012 9:01pm
aud pairs aud/usd and aud/jpy show on daily at least one more down move. When slope is between 4 and 8 you will almost always get one more down movement. I would play them for a sell SRF trade.

aud/chf and aud/cad are in range mode so they should now trade between the S1R1 areas for now.
I am looking for sells later in the week on all 4. Then will look for a read on whether they will range or trend up.

NZD same thing.

However watch out for the CHF on all pairs, if they cant maintain the 1.20 floor on the eur/chf the CHF should move explosively. You may want to sit that one out or trade with tight SL. Once you get the direction ride it because that one has a lot of pent up action.

EUR will show DT but any kind of good news will send it up for a while. Watch how price interacts with the weekly open. Is it going up from there or down from there will give you the key.

GBP appears to be going into a range period, will see? My thoughts are for continued weakness.

USD not sure if it can maintain the upward movement of the last couple of weeks.

I will trade aud and nzd SRF trades and watch to see how the others go. Will get more active Tuesday or Wednesday.
  • #2,589
  • May 27, 2012 9:13pm May 27, 2012 9:13pm
Quoting nanningbob
aud pairs aud/usd and aud/jpy show on daily at least one more down move. When slope is between 4 and 8 you will almost always get one more down movement. I would play them for a sell SRF trade.

aud/chf and aud/cad are in range mode so they should now trade between the S1R1 areas for now.
I am looking for sells later in the week on all 4. Then will look for a read on whether they will range or trend up.

NZD same thing.

However watch...
Thanks for the update Bob. Always love your insights.
  • #2,590
  • May 27, 2012 10:08pm May 27, 2012 10:08pm
Quoting Erebus
Still haven't quite figured out entries yet; apart from the excellent documentation in Post #1, has anyone put together a little "how to trade NB 10, step by step"?

Thanks, E.


I made these when I 1st started reading the manual to make sure I understood what I read. Same goes for the H4.

PS: If you find ay mistake let me know, I will correct it.
Attached Images
Riding the order flow
  • #2,591
  • May 27, 2012 10:16pm May 27, 2012 10:16pm
Quoting Binyamin
I made these when I 1st started reading the manual to make sure I understood what I read. Same goes for the H4.
Thanks Binyamin

This flow chart is whats needed for "Slow Peeps" like me. I took the liberty of printing it and posting it on the wall over my monitors, saves me the trouble of finding the instructions in the PDF..this should answer a bunch of questions from those stumbling on to this fabulous trading system.
  • #2,592
  • May 27, 2012 10:50pm May 27, 2012 10:50pm
Quoting nanningbob

However watch out for the CHF on all pairs, if they cant maintain the 1.20 floor on the eur/chf the CHF should move explosively. You may want to sit that one out or trade with tight SL. Once you get the direction ride it because that one has a lot of pent up action.
Bob

Are you suggesting that the SNB will give up on the 1.20 floor?
  • #2,593
  • May 27, 2012 10:56pm May 27, 2012 10:56pm
Quoting cmeade2
Bob

Are you suggesting that the SNB will give up on the 1.20 floor?
If Greece goes sour and Spain goes into a downward spiral, if you are the only institution left in Europe still buying the Euro, what do you think? There comes a time they wont be able to prop it anymore. The bottom line is I hope it never gets to that but you need to know it is a possibility. The big boys have a ton of sells below that line waiting for SNB to give up. So when it happens it will explode.
  • #2,594
  • May 28, 2012 1:07am May 28, 2012 1:07am
EU heading for weekly pivot as of asian market.....

1. either it will bouce south or

2. breach for further north bound till US.

My open Shorts for eu hit SL tis asian morning. Now awaiting better direction for entry.

  • #2,595
  • May 28, 2012 1:09am May 28, 2012 1:09am
plus....every opened gap has to be close....eventually. Today or within this week.
  • #2,596
  • May 28, 2012 1:50am May 28, 2012 1:50am
Quoting Kelisa
plus....every opened gap has to be close....eventually. Today or within this week.
if every gap has to be closed what about the one at the start of the month on EUR
  • #2,597
  • May 28, 2012 2:22am May 28, 2012 2:22am
Today, I'm looking for:
- SRF Shorts on AUDUSD, AUDJPY, NZDUSD & NZDJPY.
- Pivot rejections Shorts on EURUSD, GBPUSD, EURJPY, GBPJPY and Longs on USDCHF, USDCAD

Markets are retracing but trends are still in place. The only pair that I don't have high confidence on is USDCAD
  • #2,598
  • May 28, 2012 2:53am May 28, 2012 2:53am
It is a holiday for the swiss, french, german and US. So I will just watch. But the potential SRF trades Verb pointed out looks tempting.
Riding the order flow
  • #2,599
  • May 28, 2012 3:11am May 28, 2012 3:11am
USDCAD just did a bounce off of the weekly pivot. Looks kind of good to me.
  • #2,600
  • May 28, 2012 4:06am May 28, 2012 4:06am
Quoting nanningbob
USDCAD just did a bounce off of the weekly pivot. Looks kind of good to me.
For pure fundamental reasons I wont go long here at the end of the month, out of system rationale. Otherwise I'd take the bounce.
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