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Nb 10.0 trend trading system

  • #3,101
  • Jun 28, 2012 1:36pm Jun 28, 2012 1:36pm
Quoting peichini
hi guys,
I had a pending buy order at 1.0100 AUD/USD that was triggered and now appears I am in trouble...
I put the order because the D1 TMA was > 0.6 and on the H4 WO was growing, the pivot was on 1.0090 and was taken out.
the loss is not that significant, and I am probably not going to close it until TMA is less than 0.4, but still... any ideas how to trade from here? all comments are welcome.
thanks.
best,
p.
On my chart it gave mixed signals, look at the 2MA being yellow, price bounced off from fib 61.8 exactly, sometimes it is worth to check those levels... I am short this pair for the past 3 days (just BE) and I stick to it because I have not got any long signal yet and the H4 does not correspond well with the daily.

Anyway, Bob said to short the AUD because of his friend told him about those ships stuck on the sea fully loaded with row materials... he he he, just joking.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 45 KB
functionaltrader.com
  • #3,102
  • Jun 28, 2012 3:21pm Jun 28, 2012 3:21pm
Quoting peichini
hi guys,
I had a pending buy order at 1.0100 AUD/USD that was triggered and now appears I am in trouble...
I put the order because the D1 TMA was > 0.6 and on the H4 WO was growing, the pivot was on 1.0090 and was taken out.
the loss is not that significant, and I am probably not going to close it until TMA is less than 0.4, but still... any ideas how to trade from here? all comments are welcome.
thanks.
best,
p.
Looks like pair getting stronger again so worst could be over. I will put sl @ WS1...
  • #3,103
  • Jun 28, 2012 3:22pm Jun 28, 2012 3:22pm
Quoting peichini
hi guys,
I had a pending buy order at 1.0100 AUD/USD that was triggered and now appears I am in trouble...
I put the order because the D1 TMA was > 0.6 and on the H4 WO was growing, the pivot was on 1.0090 and was taken out.
the loss is not that significant, and I am probably not going to close it until TMA is less than 0.4, but still... any ideas how to trade from here? all comments are welcome.
thanks.
best,
p.
The way I am trading is looking at TMA True (not the one Bob gave us) on D1 and if it is showing you > 0.4 slope then stay with the trade. Also, seems like we have some support for this pair. Should go back to WP atleast.
I suggest enter one more once MA 5.1 is hit or DP is crossed. I think you should atleast be able to b/e if not ++
  • #3,104
  • Jun 28, 2012 4:08pm Jun 28, 2012 4:08pm
Quoting forexripper
The way I am trading is looking at TMA True (not the one Bob gave us) on D1 and if it is showing you > 0.4 slope then stay with the trade. Also, seems like we have some support for this pair. Should go back to WP atleast.
I suggest enter one more once MA 5.1 is hit or DP is crossed. I think you should atleast be able to b/e if not ++
I would not add to position currently as pair not conform to nb10.2a rules, dp < wp - not good for long position.
  • #3,105
  • Jun 28, 2012 8:19pm Jun 28, 2012 8:19pm
Quoting fxbarwise
I would not add to position currently as pair not conform to nb10.2a rules, dp < wp - not good for long position.
I agree with fxbarwise; don't go against the weekly histo

I still have a sell on eurgbp, which is floating around apparent support at .797. It will either range there or break south in a strong move.
  • #3,106
  • Jun 28, 2012 9:02pm Jun 28, 2012 9:02pm
Quoting xrismak
Hi Nanningbob,

Earlier on this morning at about 5.30 a.m UK time, I loaded the (10.2 5.5 MA Buy ANY TF SHFM 5.11 EA) on to the USA/CAD H4 anticipating an UT on the H4 Chart and later on at about 10.30 a.m checked the progress of my Pending Buy Order the Order had Triggered @ 1.02472 I and still am in that trade which is heading Up North thankfully, I hopefully will close at or just before the next weekly Resistance of 1.03090 , I use Alpari UK as my Criminals.
The Problem for me here is the lot size, I had wanted the EA to open the trade on...
When you place the EA on the screen change the lot size in the inputs section. Then save the template and it will always be .01. OR you can go inside the code and change it.
  • #3,107
  • Jun 28, 2012 9:05pm Jun 28, 2012 9:05pm
Quoting zawad4u
Nanningbob am speechless infact your system has just shown me why my system has been one month in profit the other month i give almost everything now i now have the magic stick...i just check my losing trades with you system and i found out the reason they are losing i was fighting the trend....just only today i have banked 300pips using your system to confirm the trade i execute on my own system...Making thanks to you bob...
Your welcome. Continue to share your trades with others they will appreciate it.
  • #3,108
  • Jun 28, 2012 9:11pm Jun 28, 2012 9:11pm
Quoting peichini
hi guys,
I had a pending buy order at 1.0100 AUD/USD that was triggered and now appears I am in trouble...
I put the order because the D1 TMA was > 0.6 and on the H4 WO was growing, the pivot was on 1.0090 and was taken out.
the loss is not that significant, and I am probably not going to close it until TMA is less than 0.4, but still... any ideas how to trade from here? all comments are welcome.
thanks.
best,
p.
As you may have read earlier I am not long term bullish on the AUD. I see a general slow down in Asian economies with China's economy slowing down for a while. That does not mean there wont be rallies but the general long term will be downward. See the monthly pic, after peaking the direction will be slow downward with rallies. I will sell the rallies as I spot them.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 33 KB
  • #3,109
  • Jun 28, 2012 11:57pm Jun 28, 2012 11:57pm
Hi Nanningbob,

Thanks for the Tip on the Lot Size input for the EA, having exit that USD/CAD trade earlier yesterday for some Profit just before the Resistance Line, I found out that it kept on shooting up North to the Resistance 2 level, I had a hunch that it might reverse so I stuck the 10.2 5.1 MA Sell HA Only on the H4 USD/CAD to take a Pending Sell Trade.
I went to sleep only to come back fours hour later to discover that it had triggered a sell Trade, Of course the trade made me some cool Pips and I Exited the trade @ the 50% FIB which was also the 10.2 Weekly MA Open Line on the H4 Chart .
The TMA Slope Histogram it was Ranging as in not going anywhere,I also figured that at the 50% Fib on the H4 time frame most trades tend to stall a bit before looking to go either Direction be it in an UT or a DT was this a Good move or should have let the trade go on !
I might have been wrong with my Action but I am only looking to see if I did right .


Attached Image (click to enlarge)
Click to Enlarge Name: any reason for this.gif Size: 28 KB
  • #3,110
  • Jun 29, 2012 12:51am Jun 29, 2012 12:51am
I am finding out that not only here but also at Steve's thread there is too much emphasis being put on the TMA. You are making the right decisions when TMA is showing range. Basically price is bouncing up and down between two points so the TMA is showing that. Entrances and exits are based on pivots/S1/S2 points and trendline breaks which are the MA lines. You played the bounce off of S/R lines using the MA lines looking for the trend line break. Those are good trades. You then see that TMA shows range so you get out of the trade and take your profit. Those are all correct reads and how the system is suppose to work. I think I need to write a short paper talking about this, a general strategy, which I know think I can write after seeing the system in both trend and range modes. Anyway you traded the trades correctly. Good show.
  • #3,111
  • Edited 11:10am Jun 29, 2012 5:52am | Edited 11:10am
Quoting nanningbob
I am finding out that not only here but also at Steve's thread there is too much emphasis being put on the TMA. You are making the right decisions when TMA is showing range. Basically price is bouncing up and down between two points so the TMA is showing that. Entrances and exits are based on pivots/S1/S2 points and trendline breaks which are the MA lines. You played the bounce off of S/R lines using the MA lines looking for the trend line break. Those are good trades. You then see that TMA shows range so you get out of the trade and take your profit....
So it means I am not bending the rules just naturally figured how the meters should be read. Your post contains important information.

Bob, I do not want to add anything to your system, just have a question whether you think that my earlier post (#3097) has any point. It refers back to your 4H system that, if I understand well, had the weakness of not being able to detect trends, therefore causing huge DDs once in a while. The rest was OK. Was it? If the answer is a yes, then your RWB lines may help in times of uncertainty.
functionaltrader.com
  • #3,112
  • Jun 29, 2012 10:57am Jun 29, 2012 10:57am
Quoting rewand
So it means I am not bending the rules just naturally figured how the meters should be read. Your post contains important information.

Bob, I do not want to add anything to your system, just have a question whether you think that my earlier post (#3097) has any point. It refers back to your 4H system that, if I understand well, had the weakness of not being able to detect trends, therefore causing huge DDs once in a while. The rest was OK. Was it? If the answer is a yes, then your RBW lines may help in times of uncertainty.
As experience mounts with the system we are seeing ways to make adjustments. I have always loved my RWB lines and they work to a point. They are not good with long drawn out trends but everything else they work great. 10.2 works very well with long trends but needs a bit tweaking for ranges. I am working on range trading now and RWB is always on the back of my mind. Anyway put the monthly pivot and weekly pivot on the same screen looks real good. Right now I have them on separate pages but I think they will give better and stronger reads than the weekly open histograms. Than the RWB can be brought back. Right now trying to solve the universal pivot points so most people will be using the same thing. Once that is solved then it becomes a much simpler read. Slope then becomes simply strength of move indicator and the other issues go away. Anyway development takes time.
  • #3,113
  • Jun 29, 2012 12:00pm Jun 29, 2012 12:00pm
Quoting rewand
On my chart it gave mixed signals, look at the 2MA being yellow, price bounced off from fib 61.8 exactly, sometimes it is worth to check those levels... I am short this pair for the past 3 days (just BE) and I stick to it because I have not got any long signal yet and the H4 does not correspond well with the daily.

Anyway, Bob said to short the AUD because of his friend told him about those ships stuck on the sea fully loaded with row materials... he he he, just joking.
Hi there

Would you mind posting your "spread/swap monitor" indi. Could be very helpful. Thanks.
James
  • #3,114
  • Edited Jun 30, 2012 11:44am Jun 29, 2012 12:24pm | Edited Jun 30, 2012 11:44am
Attached.

I also take the opportunity to ask again if anyone could change the code in the NB Meters Signal (The indicator from the NB 4H system that gives short and long signals) so that the arrows do not go out of the screen. This is the link to the post where I attached the mq4 file.

http://www.forexfactory.com/showthre...66#post5786766
Attached File(s)
File Type: mq4 Spread Swap(1).mq4   4 KB | 496 downloads
functionaltrader.com
  • #3,115
  • Jun 29, 2012 1:37pm Jun 29, 2012 1:37pm
I am finding out that not only here but also at Steve's thread there is too much emphasis being put on the TMA. You are making the right decisions when TMA is showing range. Basically price is bouncing up and down between two points so the TMA is showing that. Entrances and exits are based on pivots/S1/S2 points and trendline breaks which are the MA lines. You played the bounce off of S/R lines using the MA lines looking for the trend line break. Those are good trades. You then see that TMA shows range so you get out of the trade and take your profit. Those are all correct reads and how the system is suppose to work. I think I need to write a short paper talking about this, a general strategy, which I know think I can write after seeing the system in both trend and range modes. Anyway you traded the trades correctly. Good show.

Hi Nannigbob,

Thank you very much for your observation and contribution so far, I am learning bit by bit, the Ultimate goal is to be able to understand and trade the system well enough to Bravely Venture into Basket Trading using the Baluda Indicator as an added Edge .
I know it will take some time but I am ready to graft hard and get it right slowly. I am thinking of maybe trading this 10.2 System in a Multi-Monitor (say 4 or 5 -19" Monitors) Environment thus giving me an Edge .
Nice to have you Back slowly with us, have a wonderful weekend.

Warm Regards,
xrismak.
  • #3,116
  • Jun 30, 2012 9:16am Jun 30, 2012 9:16am
Bob in your booklet you mentioned
trading according the daily time frame and if I will apply the part talking about tma bigger + .4 and and tma smaller -.4
entering the trades and exit the trades according value.4.
My question is if you checked that it is profitable for long term on live account?
  • #3,117
  • Jul 2, 2012 12:43am Jul 2, 2012 12:43am
Quoting nanningbob
As you may have read earlier I am not long term bullish on the AUD. I see a general slow down in Asian economies with China's economy slowing down for a while. That does not mean there wont be rallies but the general long term will be downward. See the monthly pic, after peaking the direction will be slow downward with rallies. I will sell the rallies as I spot them.
Hi Bob,
actually the trade was on 4H, and closed on take profit. the position was triggered on cross of the pivot and the target was the next resistence level. I wasn't looking for a long term trade. maybe I got lucky this time.
thanks for the tips and and help. will look for rallies.
thanks for the comments and help to all the guys too.
best,
p.
  • #3,118
  • Jul 3, 2012 6:09am Jul 3, 2012 6:09am
Market is so mute and disgusting waiting for a retracement at the moment on AUD/USD took some profit from GBP/JPY 100pips this morning and am stuck in EUR/USD and USD/CHF and also looking at GBP/CAD for a bounce back...
  • #3,119
  • Jul 3, 2012 9:55am Jul 3, 2012 9:55am
1/2 day today for NY so expected to be little slow. Trends to resume after US day July 4th. Be cautioned on taking any trades during Asian or London sessions today.
I expect Thurs and Fri to give me some pips. I will take 200-300 pips on my basket of pairs (around 13-14) and be content with. More pips next week probably with my expectation of USD getting stronger.Lets see.
  • #3,120
  • Jul 3, 2012 11:30am Jul 3, 2012 11:30am
Quoting xrismak
Hi Nanningbob,

Thanks for the Tip on the Lot Size input for the EA, having exit that USD/CAD trade earlier yesterday for some Profit just before the Resistance Line, I found out that it kept on shooting up North to the Resistance 2 level, I had a hunch that it might reverse so I stuck the 10.2 5.1 MA Sell HA Only on the H4 USD/CAD to take a Pending Sell Trade.
I went to sleep only to come back fours hour later to discover that it had triggered a sell Trade, Of course the trade made me some cool Pips and I Exited the trade @ the 50% FIB which...
Thanks for this post and your explanation and ideas. this is great stuff

Thanks again


daveM
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