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Nb 10.0 trend trading system

  • #2,861
  • Jun 7, 2012 7:36pm Jun 7, 2012 7:36pm
Quoting forexripper
Hi all,

I think you all need to look at this one (attached) to improve entry and exits using NNBob 10.2 method.

Use it on H4 chart with timeframe of indi also H4 and select slope for only that pair (these are the two options you need to change)

I have added my own thing to it i.e. a zero line and see if storn currency is above it and weaker one below before initiating the trade. I close when one of them gets below the zero line clearly.

Try it and see if it helps.
Hi forexripper, thanks for the useful chart, would the past history of the lines be re-drawn with updated future prices?
  • #2,862
  • Jun 7, 2012 9:03pm Jun 7, 2012 9:03pm
Quoting kwchau
Hi forexripper, thanks for the useful chart, would the past history of the lines be re-drawn with updated future prices?
This indi is based on TMA slope which has repaint issue but not much on H4 and D1. This is explained in NN10.2 booklet. Pls give it a read. So for me not much to worry about esp when I take trade when the strong one passes above my zero line so any repaint till then does not affect my decision.
  • #2,863
  • Jun 7, 2012 9:08pm Jun 7, 2012 9:08pm
Quoting fxbarwise
I have no active trades currently but have:
gbpusd - sell stop below wp
chfjpy - sell stop below wr1 because pair hardly moves far above wr1
nzdchf - buy stop above last swing high on h4
eurnzd - sell stop below ws2
If u followed ShellyJem's EA, you would hv got 2 good shorts from GU and GJ. Its a refined version of 10.2. Happy trading guys.
  • #2,864
  • Jun 7, 2012 9:09pm Jun 7, 2012 9:09pm
Quoting nanningbob
I am taking the day off. See you this weekend. Gonna do nothing except piddle. Unless I get surprised again I see range trading. Maybe the jpy thing has finally settled.
Lets hope the jpy thingy is over, pay back time from GJ and GU...
  • #2,865
  • Jun 7, 2012 9:10pm Jun 7, 2012 9:10pm
Quoting Binyamin
http://www.forexfactory.com/showthread.php?t=291459

You know how I found it?? I just for the fun of it google "scooby doo trend indicator RSI"
hi bin,

scoobs ea has more and more programmer involved in it, i got too confused so I left that thread, in steve's.
  • #2,866
  • Jun 7, 2012 9:16pm Jun 7, 2012 9:16pm
AU - SRF?
  • #2,867
  • Jun 7, 2012 9:39pm Jun 7, 2012 9:39pm
Quoting orionhan
AUDCAD & AUDJPY possible SRF trade on H4? pin bar formed.
hi kelisa, you in on the SRF trade yet? I traded the SRF ytd. Just close it for 80pip. I'm banking on AUDUSD to move below WR1.

what's your take on this?
  • #2,868
  • Jun 8, 2012 4:36am Jun 8, 2012 4:36am
orion, I did not take AU, I just spoted it. My focus was on GJ and GU short, which are still floating well. Earlier this week, i had some shorts closed on these 2 pairs, and today i take them pips back.

The other pair i traded was shorting gold. Also closed after the heavy selloff this morning.

And EU, I see rejected of MP, which suggest, some selling in progress. Lets see what NY wants to do..
  • #2,869
  • Jun 8, 2012 6:42am Jun 8, 2012 6:42am
Hi All,

Firstly a massive thank you to Bob for all the hard work he has put in, into developing this system.

After a few days of reading and understanding the charts and indicators I took a few trades this week.

I took some trades yesterday night and got burnt badly, and I am referring to the pips here as I was on demo.

I am not worried or unhappy, but I am just trying to find out if I was wrong in understanding the system or have markets just done something which is rare.

I've attached the trades for someone who's be happy to provide any comments.

Or else, I just would again like to thank everyone who's putting great posts and trades and ideas in this thread.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: New Picture.JPG Size: 123 KB
  • #2,870
  • Jun 8, 2012 8:42am Jun 8, 2012 8:42am
If the EU can close on the other side of the WP on the M15, I would say it's a sell.
  • #2,871
  • Jun 8, 2012 8:49am Jun 8, 2012 8:49am
Quoting gj6n68
Hi All,

Firstly a massive thank you to Bob for all the hard work he has put in, into developing this system.

After a few days of reading and understanding the charts and indicators I took a few trades this week.

I took some trades yesterday night and got burnt badly, and I am referring to the pips here as I was on demo.

I am not worried or unhappy, but I am just trying to find out if I was wrong in understanding the system or have markets just done something which is rare.

I've attached the trades for someone who's be happy to provide any...
Hi,

I will quote on 1 pair now. USDCAD.

According to your entry, yes, you are correct, to only look for a SELL. Price made a sudden turn, against you, one should exit at next SR/pivot levels, ie, the WR1
  • #2,872
  • Jun 8, 2012 8:55am Jun 8, 2012 8:55am
Quoting Kelisa
Hi,

I will quote on 1 pair now. USDCAD.

According to your entry, yes, you are correct, to only look for a SELL. Price made a sudden turn, against you, one should exit at next SR/pivot levels, ie, the WR1

Thanks Kelisa, I was looking on 4h and Daily time frames for all of them and took the entries using the histograms and slope and pivot lines and candles.

But as you said I did suspect that price action was not in line with what the indications were.

Thanks a lot for replying, it helps remove the negativity about logic.
  • #2,873
  • Jun 8, 2012 9:43am Jun 8, 2012 9:43am
Slow but sure making back those pips lost on Monday & Tuesday....
  • #2,874
  • Edited 10:12am Jun 8, 2012 9:58am | Edited 10:12am
Quoting gj6n68
Thanks Kelisa, I was looking on 4h and Daily time frames for all of them and took the entries using the histograms and slope and pivot lines and candles.

But as you said I did suspect that price action was not in line with what the indications were.

Thanks a lot for replying, it helps remove the negativity about logic.
USDCAD is a sell on H4, also rejected by WP but D1 shows it is a retracement in the ongoing uptrend. So If I were short this pair my TP would be quick 30-40 pips or touch of MA (maroon line). I will get long as soon as price closes above WP on H4 but wait no it is Friday and so will wait for new WP next week. Also, using trend line I see this pair is losing steam and it may actually be getting ready to go down. D1 slope to soon change to ranging I guess.
  • #2,875
  • Jun 8, 2012 10:37am Jun 8, 2012 10:37am
Quoting forexripper
USDCAD is a sell on H4, also rejected by WP but D1 shows it is a retracement in the ongoing uptrend. So If I were short this pair my TP would be quick 30-40 pips or touch of MA (maroon line). I will get long as soon as price closes above WP on H4 but wait no it is Friday and so will wait for new WP next week. Also, using trend line I see this pair is losing steam and it may actually be getting ready to go down. D1 slope to soon change to ranging I guess.

Thanks for your comment too, unfortunately for me it never went down even to cover 30/40 pips

It just ran up ... though I understand what to look for next time...
  • #2,876
  • Jun 10, 2012 7:03pm Jun 10, 2012 7:03pm
OK New week and we will...................

Practically every currency gapped to a S/R or Pivot location today at market open. Havent seen something like this in a long time. Usually see this before some big news announcement of some kind. Something is going on soooooooooooo you can wait and see what is going to happen or straddle some trades to bounce and go short or put trades to see if they break and go long. But if you think I know what is going to happen next you are as high as a kite. Dang, this is going to be an interesting week.

Probably this is what the market is waiting for but I am not going to bet on it.

German news magazine Der Spiegel reported on Saturday that leaders of European institutions are working on a comprehensive plan to rescue the euro that would include the issuance of joint Eurobonds—a move Germany has repeatedly rejected. Governments would only be able to decide how to spend money that is covered through their revenues, ...

Give your self some room to make some trades once price commits to a direction.
  • #2,877
  • Jun 11, 2012 2:08am Jun 11, 2012 2:08am
Hi Bob and all,

An alert for the TMA True indi (attached) has been kindly supplied by Squalou (bless his soul!). If you download and find it useful, don't forget to mention it when next you come across him.
Attached File(s)
File Type: mq4 TMAtrueSQ.mq4   5 KB | 581 downloads
  • #2,878
  • Jun 11, 2012 5:44am Jun 11, 2012 5:44am
Bob,How Alorente's trading system(Extreme TMA System) and your model is very similar to? He copied from yours?
  • #2,879
  • Edited 7:33am Jun 11, 2012 6:31am | Edited 7:33am
Quoting cwench
He copied from yours?
Bob's 10.2 with TMA slope came out much much latter than Al's.
Riding the order flow
  • #2,880
  • Jun 11, 2012 6:33am Jun 11, 2012 6:33am
Quoting Binyamin
Bob's 10.2 with TMA slope came out much much latter than Al's. How on earth could Al copy NNbob?
Actually Bob was using the TMA Slope in his strategies before Al popped up on his thread saying he thinks he found something and started the TMA Extreme thread. In saying this no one copied anyone!! Bob and Al share a mutual respect and are both amazing traders in their own respects.

Case closed, next.
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