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Nb 10.0 trend trading system

  • #3,121
  • Jul 3, 2012 4:27pm Jul 3, 2012 4:27pm
Quoting meirk
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?
That works during strong trending markets if you want to hang in a trade. That may not work very well during the summer when markets tend to range.
  • #3,122
  • Jul 4, 2012 4:31am Jul 4, 2012 4:31am
This is just an example of how Bob's system can work with other tools. I am a coward by nature when it goes to trading but this setup was good for 13 pips for me. I put my SL just above the most recent high. Risk? Very little, price just decided to bounce off from the weekly pivot and cross over the blue support line, heading south. I have always had better results with scalping compared to trading for the long run. I have made 13 pips with 0.1 lot in few moments vs. trading with 0.01 lot and wait until I make 130 pips and riding the emotional roller coaster for days. That's me, but the point is how good guidance one can get from 10.2 even to trade the short term!!! The D1 and the H4 both reported short trend bias. Fantastic.

Anyway, Alpari's autochartist indicators are working reasonably well (for those whose broker is Alpari), I see a lot of improvement on this tool, that is what you see on my chart, so that you do not have to ask : )
Attached Image (click to enlarge)
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functionaltrader.com
  • #3,123
  • Jul 4, 2012 5:32am Jul 4, 2012 5:32am
Quoting rewand
The D1 and the H4 both reported short trend bias.
Not sure where you got that information from? NB is why we are NOT trading the EUR-USD and it's opposite, the USDCHF, they have the lowest trend bias reading ever!

You are right about the move away from the WP and crossed the 5MA, also trading away from today's DP.

But for my money, you are much better, and safer off trading the highly trending pairs - did you consider the EURAUD lately?

Look at that chart, must be able to spot more than a few scalps there.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #3,124
  • Jul 4, 2012 5:36am Jul 4, 2012 5:36am
Hi,

I've been riding EurAud few days now, and very happy with both positions. And please ignore the dollars, I am trying to gain more pips here....

Check out my explorer, though I must say I need to get grips bit more to learn how to not pick the loosing ones...

Happy trading...
  • #3,125
  • Jul 4, 2012 5:42am Jul 4, 2012 5:42am
And here is proof, this is from another system that gave signals on both EURUSD and EURAUD, trades enter at virtually same time, make you own opinion...

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #3,126
  • Edited 7:39am Jul 4, 2012 6:05am | Edited 7:39am
Hi Erebus,
Nearly all my success in trading is related to trading the EURUSD pair. I am very comfortable with that, watched the movement of that pair for years and that's how I took the trade, 10.2 gave me confirmation that the direction is right and seemed to give no controversial signals on MTFs (4H: -0.2x, D1:0.0x - I mentioned bias, not a strong confirmation). Momentum was realized and opportunity taken. If I look at multiple indicators I lose confidence. Whenever I start looking at many pairs I lose due to lack of focus. So for me, less means more.

And the funny thing is that I am long with the USDCHF pair, too. Can not be worse than BE (now as you have scared me I placed my stop there). Momentum taken. Attached is the picture with trade levels, 20 pips +.
Attached Image (click to enlarge)
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functionaltrader.com
  • #3,127
  • Jul 4, 2012 7:13am Jul 4, 2012 7:13am
Quoting Erebus
Not sure where you got that information from? NB is why we are NOT trading the EUR-USD and it's opposite, the USDCHF, they have the lowest trend bias reading ever!

You are right about the move away from the WP and crossed the 5MA, also trading away from today's DP.

But for my money, you are much better, and safer off trading the highly trending pairs - did you consider the EURAUD lately?

Look at that chart, must be able to spot more than a few scalps there.


Hey nice indi...where can i find it?

TIA
Lionsden
  • #3,128
  • Jul 4, 2012 7:19am Jul 4, 2012 7:19am
Here it is (they are):
http://www.stevehopwoodforex.com/php...php?f=45&t=629
functionaltrader.com
  • #3,129
  • Jul 4, 2012 7:22am Jul 4, 2012 7:22am
Quoting rewand
Here it is (they are):
http://www.stevehopwoodforex.com/php...php?f=45&t=629

Many thanks
  • #3,130
  • Edited 8:15am Jul 4, 2012 7:52am | Edited 8:15am
So it was a lucky run up to the WFR1 level, I have closed the trade right there, 4x pips. Anyway, these charts are just for the purpose of demonstration, to show how good framework Bob's strategy is (whatever purpose you use it for). What I do with it, is not important here.
Attached Image (click to enlarge)
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functionaltrader.com
  • #3,131
  • Jul 4, 2012 8:15am Jul 4, 2012 8:15am
My eyes!! They bleed!!
  • #3,132
  • Jul 4, 2012 9:35am Jul 4, 2012 9:35am
Quoting Jemook
My eyes!! They bleed!!
Hi Jemook,
Be more specific, please : )
Obviously we are not the most authentic representatives of Bob's strategy but none of us claims anything close to that.
Thanks, Rewand
functionaltrader.com
  • #3,133
  • Jul 4, 2012 11:32pm Jul 4, 2012 11:32pm
Just saying your chart is way overcluttered with indicators (for my taste). You're going to confuse yourself! I swear all you need is the pivots and some TMA readings
  • #3,134
  • Jul 4, 2012 11:33pm Jul 4, 2012 11:33pm
Quoting Jemook
I swear all you need is the pivots and some TMA readings

Riding the order flow
  • #3,135
  • Jul 4, 2012 11:57pm Jul 4, 2012 11:57pm
Quote:
Originally Posted by Jemook
I swear all you need is the pivots and some TMA readings


I could not even Disagree with you on that Point too Jemook, my Eyez were Poppin when I saw that Chart. But then Again if he feels comfortable trading that way then it's cool, but I wouldn't. Keep it Nice and Simple and the pips will Keep rolling in.
  • #3,136
  • Edited 12:44am Jul 5, 2012 12:30am | Edited 12:44am
Quoting Jemook
Just saying your chart is way overcluttered with indicators (for my taste). You're going to confuse yourself! I swear all you need is the pivots and some TMA readings
Thanks, sorry for that, I agree with you on this issue, just showed the exit level on H4, which was cluttered by this currently tested autochartist. I had no time to play with the settings. The rest of the indis I am testing. RWB lines, divergence and ADX works well with my set ups but only certain TFs I use them, otherwise they do not show up on the charts. TMA only gets me confused too frequently (most probably I do not understand it entirely yet) and I prefer pivot trading but need few other signals to be sure where price is heading. I am not a full time trader but a full time worker with a family to take care. I trade while working, quite a limitation to set everything right : (

Attached is another picture showing a trade with trade levels I took today (all are live trades). 10.2 served well as a reliable filter (some people trade with it, I use it as a filter) again. I am still in the trade, 22 pips+, soon set to BE.

4H and D1 showed short bias, fresh 4H divergence lines showed short, price bounced off from the weekly P, TMA was ranging, red line was crossed. Maybe I will exit soon with small profit, have no idea where the markets are heading right now.
Attached Image (click to enlarge)
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functionaltrader.com
  • #3,137
  • Jul 5, 2012 5:31am Jul 5, 2012 5:31am
I wish I was on a real account...

anyway, today is the day that I've gained more confidence and have been able to make up my mind to carry on trading the opportunities that NB system presents and not over trade...

The trades broken even today and finally have managed to go all green after almost a month...

I hope this green trend continues before I can good enough exposure to ups and downs of using the system towards most market conditions...

Hope for good pips to everyone...

Please check my trade explorer for the pips I've been harvesting so far...

Regards...
  • #3,138
  • Jul 6, 2012 11:59am Jul 6, 2012 11:59am
I took some 10 pair trades with EU and GU shorts against AU, NZ, CAD
and AU and NZ longs against USD and JPY and CHF. All playing by your set of rules i.e. DP, WP, MP all in line and slope over/below 0.4/-0.4 or 0.8/-0.8. Also made sure price is not touching the MA 5.1 (blue line).

Most of them are in big Red today. Small lot size so not bothered in terms of $ but wondering if should hold till slopes tell me to exit or do what? What went wrong? How to play safe against days like today.

I guess we have some sort of news affecting pairs everyday so can't just sit hand on hand for days when there are no news or light on news. I think if I am a technical trader then have to trade based on analysis or am I wrong and it does not work when strong fundamentals hit the market.

Please help and guide here.

Thanks
  • #3,139
  • Jul 6, 2012 1:39pm Jul 6, 2012 1:39pm
Quoting forexripper
I took some 10 pair trades with EU and GU shorts against AU, NZ, CAD
and AU and NZ longs against USD and JPY and CHF. All playing by your set of rules i.e. DP, WP, MP all in line and slope over/below 0.4/-0.4 or 0.8/-0.8. Also made sure price is not touching the MA 5.1 (blue line).

Most of them are in big Red today. Small lot size so not bothered in terms of $ but wondering if should hold till slopes tell me to exit or do what? What went wrong? How to play safe against days like today.

I guess we have some sort of news affecting pairs everyday...
Fundamentals, Supply and Demand are what drive the market and your indicators. Not the other way around!

Scoobs
  • #3,140
  • Jul 6, 2012 1:51pm Jul 6, 2012 1:51pm
Quoting forexripper
What went wrong? How to play safe against days like today.
ECB Yesterday and NFP Day and Friday today...the only thing that went wrong was your ability to be patient...

Quoting forexripper
I guess we have some sort of news affecting pairs everyday so can't just sit hand on hand for days when there are no news or light on news.
Not everyday has strong News as today and yesterday...you must be aware of the news and either go out before they are released or wait till the effect has settled...or wait a little longer.

Quoting forexripper
I think if I am a technical trader then have to trade based on analysis or am I wrong and it does not work when strong fundamentals hit the market.
We can not ignore strong fundamental News as TAs. Thats why everybody waits till the news are out and look how the market reacts...if it is in favor of the strategy then you can act...otherwise wait till a new setup builds up.

Quoting forexripper
Please help and guide here.
I think Bob is already on his vacation and will be back in about 2 weeks if i remember correct.

happy trading,

NeoTrader
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