There have been some good H4 trades today in Dow and Gold. I very much like your method Bob of closing the trade out at the H4 S/R level and placing an entry the other side of the line hoping for the trend to continue. This satisfies the 'little ...

Nb 10.0 trend trading system

Successful trades should not really be measured in pips but should be recorded in your trading journal in terms of trading success measured by sticking to your plan. By constantly measuring your performance in terms of pips gained you could be ...

Nb 10.0 trend trading system

Mark, I don't like the pattern emerging in DJI - look back to the top in 2008. We have a similar shape emerging. Rounded top then sell off, rally back into the 200dma, then waterfall decline. I would rather await this consolidation. Personally, I'm ...

Strat's Long Term Stress Free Trading

Thanks JonnyBStmart. I was after a weekly support resistance indicator that such as Squalou's that would also show the most (dynamic) weekly lines It seems most SR indicators just show the most previous swing highs and lows. Is there one that ...

Nb 10.0 trend trading system

The great Steve Hopwood has now coded an EA for this method over on his forum: url Still under development so users should add any thoughts to his forum to make this into a killer EA.

Nb 10.0 trend trading system

Oops, my bad - just checked the indy using MetaEditor - you can select the H4 levels instead as well as H1 and M15. That way you can turn on whatever TF you are trading. You could have daily and H4 I guess? So, I added 2 H4 levels and reduced the ...

Nb 10.0 trend trading system

Does the SR indicator allow for drawing at different TFs? I mean if we could produce one that fits each TF then that would be diamond - personally I would only want H4 and Weekly added to the daily. As Bob says the Daily is the most important chart ...

Nb 10.0 trend trading system

I have added manually drawn daily/weekly and monthly SR levels (from the line chart) to my charts, so the strongest levels are always visible. It only takes few minute to do for each chart and the levels are enduring, especially the longer TF ones. ...

Nb 10.0 trend trading system

I read the best article yet wrt to inflation/deflation debate by James Ferguson in MoneyWeek. QE was all about staving off massive deflation. If it had not happened we'd have had Japan redux. QE has balanced the forces of deflation / inflation so ...

Nb 10.0 trend trading system

Bob - according to zerohedge there were rumours of a major European bank on the cusp of failing Monday night. This would have set off the domino effect, so CBs were forced to act to prevent contagion. I was watching the m5 chart of eurusd today ...

Nb 10.0 trend trading system

Bob, hows the work going with that extra filter for the lower TFs to keep one out of false H4 breaks? I've traded around daily SR levels for a few years and because they are easy for all to see the market makers like to engineer moves around them. I ...

Nb 10.0 trend trading system

Crude as per the daily set up 2 days' ago didn't trigger, so trading capital was safe. The boss shooting star is still the controlling candle however. With Iran hotting up I'm not sure how much meaning the shooter still holds. I guess it depends on ...

Strat's Long Term Stress Free Trading

I fancy crude short tomorrow as long as the NY close finishes with this Shooting Star and lower high. Added strength off 2 daily SR levels. Short pending below 96.95. The one day rally after the US retail news may have been a good chance for the ...

Nb 10.0 trend trading system

It's not often that 3 TFs line up with the same price action! Poss crude short? The Boss, Daily and H1 are all showing Shooting Stars. The Daily travelled up to R then settled just on support. Trip to 91.10 ish anyone? Of course there are 50 mins to ...

Strat's Long Term Stress Free Trading

Are your entries based on the weekly charts Trogger as I don't see the PASR around your buy lines unless you have gone from weekly to daily to monitor?

Strat's Long Term Stress Free Trading

I think this is the key point here... You should only trade a TF that you are able to be at the screen for each bar closure. Hence, M5, you need to be there for each 5M bar close. H1, each hour and daily, each day. I prefer daily as you can 'set and ...

Nb 10.0 trend trading system

Thanks for the reply Bob - I have added my manually drawn lines to the charts so I will let you know how I get on. After all , I don't want to be selling into a big monthly level etc. Its all about making these systems our own; that way we can trade ...

Nb 10.0 trend trading system

Bob, I've been demoing this system and had some mixed results. The principal is sound but because there are lots of buyers and sellers around these levels its hard to know how far below a daily or H4 level to place an entry order and how far ...

Nb 10.0 trend trading system

Plus Banks had been parking Euro assets in NZD and AUD for the positive yield effect. As their interest rates were higher than the Euro area, banks achieved positive yield on the difference. As soon as there is a sniff of that differential closing ...

Nb 10.0 trend trading system

NBob - it's all about repatriation of funds. I saw a bank research report in the week asking the same question. It seems plausible. France reportedly sold boats loads of foreign currency and converted it into Euro to satisfy banks' capital holding ...

Nb 10.0 trend trading system