NIH98 Journal of Whatever

Quoting kellycml

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{quote} Hi Raj, I use Nih's template. The RSI is set to period 666. The 2 MAs in the RSI are LWMA, first is MA6 and second one is MA66.

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Quoting Nih98

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{quote} Hi Bro @Rajandaas, you could use my template and then look at the setting of each indicators. {quote} Thank You Bro @Kellycml. {quote} In General, the 'combination' between upper TL and lower TL that connecting the last 2 'extremes' (HH LH LL HL) use for projecting 'direction' and 'volatility'. For example, if both upper and lower TLs pointing up in approximately 45 degree angle, and in small distance between them, it represent 'normal up grinding day', until the price 'break' the TL Channel. I will try to explaining part by part of my template,...

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Quoting Nih98

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{quote} Hi Bro, Will try to answer step by step soon.. Thanks NIH

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Quoting munchie

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Hi Nih98, I can not believe you have too many indi to trade.All very complicated but your explanation every one can understand except me .But I am not going to give up ,it take time to learn ,never stop learning .Thanks for your journal and we are continuing to learn form you. Cheer Munchie

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Quoting Nih98

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{quote} Hi Bro, Will try to answer step by step soon.. Thanks NIH

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Quoting Nih98

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{quote} Hi All, still can't prepare complete explanation on how to use my template, since usually when I create setup template, then it will become universal, that you could use according to your own trading style, it could use for trend followers, counter trend trade, scalping, hedging lock and release, SnR Price Action, etc, in any TF you like, event for offline chart like renko, or range bars charts, or tick chart or else. Btw, Master SwingMan contact me by PM to check and try his great tool, and I do try to mod and matched with our setup template,...

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Quoting Nih98

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{quote} Hi All, still can't prepare complete explanation on how to use my template, since usually when I create setup template, then it will become universal, that you could use according to your own trading style, it could use for trend followers, counter trend trade, scalping, hedging lock and release, SnR Price Action, etc, in any TF you like, event for offline chart like renko, or range bars charts, or tick chart or else. Btw, Master SwingMan contact me by PM to check and try his great tool, and I do try to mod and matched with our setup template,...

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Quoting Nih98

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{quote} Sub Window:

Sub Window:

We use unbound oscillator to replace for FX-RSI, we use CCI but of course the level and median/equilibrium will be different because the median will be zero, and not level 50.

01. Commodity Channel Index, Period:666, Apply to:Close, Style :3 pixel, Teal(default CCI color). and create levels because this is important part of this 'range mapping concept' type LEVEL from 200 to -200 with 25 step increment, like 25,-25, 50,-50, 75,-75 until 200 to -200 range.

02. Moving Average, Period:6, Shift:1, Method:Linear Weight, Apply to; First Indicator's Data, Style: 2 pixel, Yellow.
03. Moving Average, Period:66, Shift:1, Method:Linear Weight, Apply to; First Indicator's Data, Style, 4 pixel, Salmon.

With all this setting, of course will not exactly same like main system using PC MT4, but in general will help to know 'where you are right now'
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Quoting mamabear

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My house lost power last night. just woke up to find power restored and trades in profit. Thanks to Master Nih and Master SwingMan from the bottom of my noob-heart (I won't clog your wonderful thread with my useless charts anymore, haha)

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Quoting rajandaas

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{quote} Hi NIH, It would be nice if you could add an alert for when there is a trade set-up. Just a suggestion. Thank you Rajnidas

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Quoting parisboy

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{quote} Nih98 If you use 3 Centered Moving Averages with your parameters, 66, 33, 16 you will observe that when they will cross together , at this point you will know that Price Action is at the middle of the Swing (up or down). Then you can use it to define or confirm a Targer price you can then check if Price Action begins a reversal, and after confirmation initiate a short or a long with a Stop Loss placed slightly above the last To or under the last Low

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Quoting Nih98

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Hi All, Good News, Master SwingMan already give me permission to share his great tool. You could check it in Post 1. {image} Default setting already 'matched' with our TMA-Fractal-RSI template. Just load our template, add this indicator, then save template with new name. Hope it help and enjoy NIH

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Quoting Nih98

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{quote} Hi @Mamabear, please put your charts anytime you like in our thread here, since we could and should always learning from everyone. Wish You All The Best. NIH {quote} Hi Bro @Rajnidas, of course I know how to code and put alerts to this tools or even create EAs for this, but IMHO, alerts and EAs only limit your opportunity, and eliminates your intuition and photographic mind practices, then you will not become traders but only Signal followers or EAs Owners. Hope You Understand and keep smiling Brother NIH {quote} Hi Sir @Parisboy, that you...

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Quoting Nih98

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Now. let see GBP/JPY from the H4 level point of view ( Smallest Long term TF, for represent weekly range (30 bars H4)), then the 'bridge' H1 level point of view, and the M15 (for short term TF as working TF). this 3 screen levels H4 - H1 - M15 with 1:4 ratio, mostly work great to analyze what's going on for Intraday traders . GBP/JPY H4 {image} We could see (Yellow rectangles on main chart and RSI sub window), when price and RSI line cross 'down' equilibrium/median so we go south and we marked with white vertical line, then we move down to H1 level....

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Quoting rajandaas

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{quote} Hi NIH, That's true. Trying to become a lazy trader as George would say it. Thanks Rajnidas

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