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Nb 10.0 trend trading system

  • #3,161
  • Jul 12, 2012 9:09am Jul 12, 2012 9:09am
NeoTrader, Your chart and the explanations make great sense to me and I feel I have significantly more ammunition now to go to the battlefield. Let's see how I will react and whether I can make the right decisions while facing the charts real time.
Thank you, Rewand

Hi rewand,

We are in the Same Boat, it is just that you Spoke up faster than myself... Bob & Neotrader thank you Once again From the very Depths of my Humble Heart.

Regards,

xrismak
  • #3,162
  • Jul 12, 2012 9:39am Jul 12, 2012 9:39am
Nice one NT
  • #3,163
  • Jul 12, 2012 9:45am Jul 12, 2012 9:45am
Hi rewand and xrismak,
Quoting rewand
NeoTrader, Your chart and the explanations make great sense to me and I feel I have significantly more ammunition now to go to the battlefield. Let's see how I will react and whether I can make the right decisions while facing the charts real time.
Quoting xrismak
We are in the Same Boat, it is just that you Spoke up faster than myself... Bob & Neotrader thank you Once again From the very Depths of my Humble Heart.
You are both welcome...and I'm glad if I could help you.

I just want to point out that this all is still experimental...I have developed the Indicator one week ago and also trade with it since then...But I trade most of the time from the H1 ... please use this on a demo first and get used to it before you go live.

Also want to say that it is normally easier to trade the higher TFs according to NB's guidelines. This guidelines already work...you just need to be patient. In Steve's Forum are plenty of useful Tools to help you accomplish this easier. Look at Baludas Thread or Mine.


happy trading

NeoTrader
  • #3,164
  • Jul 12, 2012 9:46am Jul 12, 2012 9:46am
Quoting Jemook
Nice one NT
Thanks Jem

happy trading,

NeoTrader
  • #3,165
  • Jul 12, 2012 12:40pm Jul 12, 2012 12:40pm
Neotrader,

Thank you very much re: your PM, I feel like Break dancing but I will actually Do the (MJ) Moon Walk and Back Flip, hopefully I won't flip into my Computer by accident if some other things are Possible but for Now I am still Grateful to your Very GoodSelf, Jemook for the new version of his 10.2 Simplified Chart of which I will be asking him quite soon for it's Template and Steve Hopwood + The Wonderful Very Thoughtful Nanningbob and let me not Forget my Friend ForexRipper whom I shall still Bother later on in a couple of minutes via PM for answers to a Question that is Nagging me slowly re: a certain PROFITABLE trade Style for the 10.2 system that I must know about that he uses, sorry my friend forexR for letting out the Secret but let's all make some Money too !

Warm Regards,

xrismak




You are both welcome...and I'm glad if I could help you.

I just want to point out that this all is still experimental...I have developed the Indicator one week ago and also trade with it since then...But I trade most of the time from the H1 ... please use this on a demo first and get used to it before you go live.

Also want to say that it is normally easier to trade the higher TFs according to NB's guidelines. This guidelines already work...you just need to be patient. In Steve's Forum are plenty of useful Tools to help you accomplish this easier. Look at Baludas Thread or Mine.


happy trading

NeoTrader
  • #3,166
  • Jul 12, 2012 10:09pm Jul 12, 2012 10:09pm
I just want to say I do very little trading on lower TF. That is because of my job I may not see my computer for 8 hour or more at a time and my sleep time is through most of the USA session. So I pretty much stick to 4H or daily trading. I did not mention lower TF trading because I seldom do it.

However, 10.2A would be much simpler to use with lower TF. You take the cross of the daily pivot in the direction established by the weekly and monthly pivots. This can be done on any TF using any indicator you like to use. The purpose of 10.0 series was to get the trend bias right and then trade that direction. Here is my latest test version. Included is the templates and two indicators. An explanation of 10.2A is included but uses slightly different indicators and pics. This test version is the simplest version yet. Also the TMA slope indicator has been change to 3 and 6 instead of 4 and 8. This reflects the differences between this slope indicator reference numbers and the previous versions. Dont want to get into the debate on that issue for now but this is how I am testing it. Very simple now 3 pivot lines to check trend, weekly S/R lines for TP, entrance and SL points. Follow the trend on any TF now. The daily, weekly, monthly pivots are drawn on every TF. Have fun.
Attached File(s)
File Type: zip 10.2a test 7.13.zip   303 KB | 1,848 downloads
  • #3,167
  • Jul 12, 2012 11:52pm Jul 12, 2012 11:52pm
10.2a and the pivot orders is one of those things that when you understand it you think "why isn't this taught in trader school?!"
  • #3,168
  • Jul 13, 2012 12:16am Jul 13, 2012 12:16am
Quoting nanningbob
I just want to say I do very little trading on lower TF. That is because of my job I may not see my computer for 8 hour or more at a time and my sleep time is through most of the USA session. So I pretty much stick to 4H or daily trading. I did not mention lower TF trading because I seldom do it.

However, 10.2A would be much simpler to use with lower TF. You take the cross of the daily pivot in the direction established by the weekly and monthly pivots. This can be done on any TF using any indicator you like to use. The purpose of 10.0 series...
Thank you very much for 10.2a test 7.13 version! I am afraid but the TMA slope indicator with the new settings does not display. Would you please be able to take a look to see if the correct TMA indi is included in the plackage?
  • #3,169
  • Jul 13, 2012 1:34am Jul 13, 2012 1:34am
Hi Bob,
Quoting nanningbob
I just want to say I do very little trading on lower TF. That is because of my job I may not see my computer for 8 hour or more at a time and my sleep time is through most of the USA session. So I pretty much stick to 4H or daily trading. I did not mention lower TF trading because I seldom do it.
Since I am in Germany I can trade the whole London and/or New York Sessions. And since I'm a Developer by trade I'm lucky if I don't see my computer for some time.. so it is the straight opposite of your situation.
But I also trade the lower Timeframes only occasionally since there is most time to much noise. But I trigger almost all of your strategies from the H1.

Quoting nanningbob
However, 10.2A would be much simpler to use with lower TF. You take the cross of the daily pivot in the direction established by the weekly and monthly pivots. This can be done on any TF using any indicator you like to use.
It is almost the same how I use it in general...I just go first with all Pivots aligned (M/W/D). This pairs are my first picks especially if the TMA is showing in the same direction and is above/below the 0.4 level.
If Price Action is crossing the Daily Pivot in the direction of the trend I will start looking for an entry.
But I will also try your version with only M/W Pivots aligned...this should allow more trading opportunities.

I test/use my TMA MTF Indicator to give me the right entry point either with TMAs for D1,H4,H1 and also a second one with the lower TFs M30,M15,M5.
I use the slopes like you do with the Pivots. If they align in order or cross each other it is time to pull the trigger.

Quoting nanningbob
The purpose of 10.0 series was to get the trend bias right and then trade that direction. Here is my latest test version. Included is the templates and two indicators. An explanation of 10.2A is included but uses slightly different indicators and pics. This test version is the simplest version yet.
Thanks for these bob. The Images in the template folder show that you use my version of the TMATrue slope but in the zip is still the old version as I could see.
If you need a version of this with the new levels just give me a PM and it is done. You could also get a look at the MTF version which I like more since it delivers more informations and does not confuse some people with the colors...

Quoting nanningbob
Also the TMA slope indicator has been change to 3 and 6 instead of 4 and 8. This reflects the differences between this slope indicator reference numbers and the previous versions.
I will try your new levels but just want to say that the old levels already work very well.

Quoting nanningbob
this is how I am testing it. Very simple now 3 pivot lines to check trend, weekly S/R lines for TP, entrance and SL points. Follow the trend on any TF now. The daily, weekly, monthly pivots are drawn on every TF. Have fun.
Yep...this is really a nice and simple setup...love your KISS approach...
I also use the Daily S/R lines and cross of the lower TF TMAs for TP if market is moving slow or is ranging to fish some small fish...


happy trading,

NeoTrader
  • #3,170
  • Jul 13, 2012 3:36am Jul 13, 2012 3:36am
Quoting NeoTrader
Hi Bob,

Since I am in Germany I can trade the whole London and/or New York Sessions. And since I'm a Developer by trade I'm lucky if I don't see my computer for some time.. so it is the straight opposite of your situation.
But I also trade the lower Timeframes only occasionally since there is most time to much noise. But I trigger almost all of your strategies from the H1.


It is almost the same how I use it in general...I just go first with all Pivots aligned (M/W/D). This pairs are my first picks especially if the TMA is showing in the...
I probably put the wrong one in the folder. I wont be home until late tonight. If you could post the correct version that would be great otherwise I will post it in about 6-8 hours.

The numbers 3,6 are based when the highs are broken and there is a breakout. With the bars supposedly being accurate for back testing you will see breakouts happen between the 2 and 3 mark so that would be a better number to use. Again this is a test version and not an official replacement. Will get back later I have to check on the rewire job on the school office and the new lock being put on the office door. My wife finally gets her wish for a remodeled office.
  • #3,171
  • Jul 13, 2012 5:15am Jul 13, 2012 5:15am
Hi Bob,

Quoting nanningbob
I probably put the wrong one in the folder. I wont be home until late tonight. If you could post the correct version that would be great otherwise I will post it in about 6-8 hours.
It happens to the best of us...

In the Attachment You will find the modified Version for your new settings...I already set the Levels to 0.3 and 0.6, and also the High/Low Levels to 0.3, -0.3. But you can set them also manually.
Attached File(s)
File Type: ex4 10.2 TMATrueSlope NT v7.13.ex4   11 KB | 1,319 downloads
  • #3,172
  • Jul 13, 2012 9:02am Jul 13, 2012 9:02am
My eyes... :nerd:... feel so much better!
An ounce of profitable logic is worth a pound of efficient code.
  • #3,173
  • Jul 13, 2012 9:06am Jul 13, 2012 9:06am
hi rjo,
Quoting RJo
My eyes... :nerd:... feel so much better!
what do you mean with this?

happy trading,

NeoTrader
  • #3,174
  • Jul 13, 2012 9:52am Jul 13, 2012 9:52am
Quoting NeoTrader
Hi Bob,


It happens to the best of us...

In the Attachment You will find the modified Version for your new settings...I already set the Levels to 0.3 and 0.6, and also the High/Low Levels to 0.3, -0.3. But you can set them also manually.

NeoTrader,
thank you very much and Nanningbob you are the man... I had already been wondering when the Values for the TMA slope Indi would drop from 04 to o3 to enter into trades but each time I have an Idea and think about implementing it for successful trades because of the Present Prevailing Market Conditions,you Guys just beat me to it with straightforward Actions.
Neotrader and Nanningbob you guys are my Heros.... I have got to be like you when I GROW up...


warm Regards,

xrismak.
  • #3,175
  • Jul 13, 2012 10:04am Jul 13, 2012 10:04am
Neotrader,

I am already Breakdancing because of your version of the TMA Slope Indi, that is the one I had downloaded and put to use yesterday, I will do some Backflips and the (MJ) Moon walk at some Airport in Germany if this makes me some cool coins on a Live Account over the Summer (London as I am in London now..)Olympic Holidays.. Just choose the Airport of your choice and I will show up..... now tell me what does the D1- Str. Buy / H4 = STr. Buy mean in the Attached Pic, I know the H4Verb= Wait actually means Wait .. Do not enter Trades yet.

That's the only thing sort of confusing me... please let me understand , hey ForexRipper do you have any ideas on this ! You sometimes come to my rescue so maybe you can this time.

Regards,

xrismak.
Attached Image (click to enlarge)
Click to Enlarge Name: any reason for this 08.gif Size: 18 KB
  • #3,176
  • Jul 13, 2012 10:32am Jul 13, 2012 10:32am
Quoting xrismak
I am already Breakdancing because of your version of the TMA Slope Indi, that is the one I had downloaded and put to use yesterday, I will do some Backflips and the (MJ) Moon walk at some Airport in Germany if this makes me some cool coins on a Live Account over the Summer (London as I am in London now..)Olympic Holidays.. Just choose the Airport of your choice and I will show up.....
Actually this version wasn't from me...somewhere in my thread the originator of this mod is named...don't remeber it yet.

Quoting xrismak
now tell me what does the D1- Str. Buy / H4 = STr. Buy mean in the Attached Pic,
Str.-Buy = Strong Buy...what else...this means that the TMA is over 0.8 in this TF

Quoting xrismak
I know the H4Verb= Wait actually means Wait .. Do not enter Trades yet.
H4Verb = this are the buy sell signals based on the rules/guidelines of Verbs PDF-document where he put together all of NB's guidelines for the original 10.2 system.
You can find this document in steves forum.

Quoting xrismak
That's the only thing sort of confusing me... please let me understand , hey ForexRipper do you have any ideas on this ! You sometimes come to my rescue so maybe you can this time.
Hope this sorts out a little of your confusion...

happy trading,

NeoTrader
  • #3,177
  • Jul 13, 2012 10:49am Jul 13, 2012 10:49am
Neotrader,

Where has my Brain been, yes thank you, that phrase ( D1- Str. Buy / H4 = STr. Buy ) in that Version of the TMA Slope Indi means strong Buy !!! here.. the Attachment confirms it...

Many Thanks for your Input,

xrismak.











Quoting NeoTrader
Actually this version wasn't from me...somewhere in my thread the originator of this mod is named...don't remeber it yet.


Str.-Buy = Strong Buy...what else...this means that the TMA is over 0.8 in this TF


H4Verb = this are the buy sell signals based on the rules/guidelines of Verbs PDF-document where he put together all of NB's guidelines for the original 10.2 system.
You can find this document in steves forum.


Hope this sorts out a little of your confusion...

happy trading,

NeoTrader
Attached Image (click to enlarge)
Click to Enlarge Name: this might be the reason 01.gif Size: 23 KB
  • #3,178
  • Jul 13, 2012 3:27pm Jul 13, 2012 3:27pm
Quoting NeoTrader
hi rjo,

what do you mean with this?

happy trading,

NeoTrader
10.2A is so much easier to watch. No MA's, only weekly S/R's, and now I noticed the WOH's are not in the latest template. However they are in the latest 10.2A booklet update. Have the WOH's been eliminated as well?
An ounce of profitable logic is worth a pound of efficient code.
  • #3,179
  • Jul 14, 2012 2:16am Jul 14, 2012 2:16am
hi rjo,
Quoting RJo
10.2A is so much easier to watch. No MA's, only weekly S/R's, and now I noticed the WOH's are not in the latest template.
Aaahhh...I see what you mean...
Yes I like it also much more...much cleaner...

Quoting RJo
However they are in the latest 10.2A booklet update. Have the WOH's been eliminated as well?
You must ask bob for this one...as for me..i don't use them anymore since I barely looked at them and with the D/W Pivots I have almost the same information in context with trade direction.

happy weekend,

NeoTrader
  • #3,180
  • Jul 14, 2012 3:59am Jul 14, 2012 3:59am
Quoting nanningbob
I probably put the wrong one in the folder. I wont be home until late tonight. If you could post the correct version that would be great otherwise I will post it in about 6-8 hours.

The numbers 3,6 are based when the highs are broken and there is a breakout. With the bars supposedly being accurate for back testing you will see breakouts happen between the 2 and 3 mark so that would be a better number to use. Again this is a test version and not an official replacement. Will get back later I have to check on the rewire job on the school office and...
"SL you can probably use tighter SL set on the other side of the daily pivot."

Do you mean placing the stop loss at the previous Day Pivot Point ?

And also in a situation where the daily pivot is below the monthly pivot but above the weekly pivot and price is below the daily pivot do we take it as a down trend?

Thanks
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