NB Counter-Trade Trading
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Thread: NB Counter-Trade Trading

  1. #1
    Hi,

    I am beginning to trade according to Nanningbob's concept on counter trade trading, based on the SIXTHS RWB indiors, along with his retrieval technique.
    I exchange on 4H charts only, as I feel the most comfortable together.

    If you are not knowledgeable about NB excellent work, it is possible to loe system ver 5.0 here:
    https://www.nigeriaforextrading.com/...board-eax.html

    NB includes a new platform, 10.0, which is a complete system for every market condition. I am still learning it. Anyhow, my preferred style is counter trade trading so that I'll stick to this system and practice it in the not too distant future.
    You can read about 10.0 here:
    https://www.nigeriaforextrading.com/...48-volume.html

    I'll paste weekly report inside this jornal, which comprises:
    1. Weekly Profit/Loss (in pips terms)
    2. Weekly DD (drop down) for each trade (in pips terms)
    3. Floating trades
    3. Complete balance

    Goodluck to me

  2. #2

  3. #3
    Quote Originally Posted by ;
    OK I'm on board
    I'ts an honour to have you on board
    BTW, I was long about the eurchf today, and place TP to 1.12 - 1 sixth (as I am not in front of a display most of the time). 2 hours after I was shocked...

  4. #4
    Attached detailed report (closed floating transactions ) for the previous week.

    Weekly pips: 812
    Floating pips: -298
    Largest weekly DD: -245

    Total Pips: 1077 (second film )


    https://www.nigeriaforextrading.com/...1542798933.zip

  5. #5
    Quote Originally Posted by ;
    I'ts an honor to have you on board
    BTW, I had been long about the eurchf today, and place TP into 1.12 - 1 sixth (as I am not in front of a display the majority of the time). 2 hours after I was shocked...
    that's a bank intervention from the CHF bank. I hit the jackpot with an gbp/chf and now have to countertrade the chf/jpy. We'll see who wins the war of those banks CHF or BOJ.

  6. #6
    Quote Originally Posted by ;
    That really is a bank intervention from the CHF bank. I hit the jackpot with the gbp/chf and have to countertrade the chf/jpy. We'll see who wins the war of the banks CHF or even BOJ.
    Yes, I understand, that was a classical black swan...
    I personally decided to not touch any CHF pair for now. Since the SNB pronounced the floor against the euro, any counter trading is quite hazardous and with limited possibility.

  7. #7
    Quote Originally Posted by ;
    Yes, I know, that has been a classical black swan...
    I personally decided to not touch some CHF pair for now. Since the SNB declared the bottom against the euro, any counter trading is very dangerous and with limited potential.
    Well I expect the BOJ to do exactly the exact same thing at some point and I will be out. Both of them are playing the same game. So resilient, warmed down and up it should go.

  8. #8
    Very feeble week... Mainly trying to recuperate about the GBP pairs, and such places are still floating.

    Attached comprehensive report (closed floating transactions ) for the preceding week.

    Weekly pips: 127
    Floating pips: -626
    Largest weekly DD: -82

    Total Pips: 1204 (second film )



  9. #9
    was not here for a little while, so here is an update.
    Since it takes me a lot of time to prepare this report, I will do it from now on just once a month or 2. On the other hand, I will update about transactions in real time.
    Floating trades:
    EURGBP. Entrance @0.85739, TP @0.86350


  10. #10
    Sell: EURNZD @1.75769, TP @1.74610
    Buy: CADJPY @75.279, TP @76.367

    Floating:
    EURGBP. Entrance @0.85739, TP @0.86350 (-36 pips)

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