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NIH98 Journal of Whatever

  • #121
  • May 17, 2019 12:22pm May 17, 2019 12:22pm
can't stay away, hahaha. scalp a few more pips before the weekend. that's it though. Price broke through the outer band of TMA I am done for the week
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  • #122
  • May 18, 2019 7:12am May 18, 2019 7:12am
Looking at the big picture for even more clues ?
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Click to Enlarge Name: GBPJPYH4.png Size: 139 KB
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Click to Enlarge Name: GBPJPYM15.png Size: 109 KB
  • #123
  • May 18, 2019 9:30am May 18, 2019 9:30am
Thanks kind sir just found your thread
  • #124
  • May 23, 2019 3:45pm May 23, 2019 3:45pm
Already set my chart with this template. just want to ask a simple question, although i already read from page 1 until last page and did not find clearly how to
- validate a buy entry
- validate a sell entry

so far i'm just guessing, and judging by the fractals point it is a very good idea to short at the fractals points, but it seems fractals point give a valid point after a few bars. so, back to my original question, how to really validate a buy / sell entry ?

Many Thanks
May the odds be ever in your favor
  • #125
  • May 23, 2019 4:49pm May 23, 2019 4:49pm
Quoting HanHanid
Already set my chart with this template. just want to ask a simple question, although i already read from page 1 until last page and did not find clearly how to - validate a buy entry - validate a sell entry so far i'm just guessing, and judging by the fractals point it is a very good idea to short at the fractals points, but it seems fractals point give a valid point after a few bars. so, back to my original question, how to really validate a buy / sell entry ? Many Thanks


Hi Bro, Thanks for your Question.

In General, 1. with your 'experience' and exercises 2. by looking at confluence between main chart and sub window RSI oscillator. 3. by looking at 'where are you now' from TMA bands level (in 'normal' area' or 'extreme' area) in relation with current bias (by looking at the 'salmon' lines angle). 4. Multi TF top down analysis, H4 - H1 - M15, or D1 - H4 - H1, or H1 - M30 - M15, or M30 - M15 - M5, whatever you like depend on your money and risk management strength range.

Hope it help and best regards
NIH
Dog + Smile = Beautiful Day
  • #126
  • May 23, 2019 6:09pm May 23, 2019 6:09pm
Quoting OAPDave
Looking at the big picture for even more clues ? {image} {image} {image} {image}
Can you share additional points, notes needed in this overall view? I have no experience in looking at and evaluating overall, making decisions to buy or sell. Sincere thanks!
  • #127
  • May 23, 2019 11:25pm May 23, 2019 11:25pm
Quoting Nih98
{quote}[/b] Hi Bro, Thanks for your Question. In General, 1. with your 'experience' and exercises 2. by looking at confluence between main chart and sub window RSI oscillator. 3. by looking at 'where are you now' from TMA bands level (in 'normal' area' or 'extreme' area) in relation with current bias (by looking at the 'salmon' lines angle). 4. Multi TF top down analysis, H4 - H1 - M15, or D1 - H4 - H1, or H1 - M30 - M15, or M30 - M15 - M5, whatever you like depend on your money and risk management strength range. Hope it help and best regards NIH...

Thankful for your reply,
just want to stress the point 3 :
" 3. by looking at 'where are you now' from TMA bands level (in 'normal' area' or 'extreme' area) in relation with current bias (by looking at the 'salmon' lines angle)"

Can you elaborate more on this ?
first of all, i am not too familiar with TMA, last time i try to use this indi, it did not work for me, because slow signal [repaint]..
what is TMA normal / extreme area ? if near the middle = normal ? and the furthest is extreme ?

And salmon lines, MA 66, can you elaborate more the connection between them ?

Thanks
May the odds be ever in your favor
  • #128
  • May 23, 2019 11:34pm May 23, 2019 11:34pm
from eur/usd, i think waiting to retest the trendlines, but this is without your system.

How can we add something to confirm our trades ?

Thanks
Attached Image (click to enlarge)
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May the odds be ever in your favor
  • #129
  • May 24, 2019 12:18am May 24, 2019 12:18am
Quoting HanHanid
from eur/usd, i think waiting to retest the trendlines, but this is without your system. How can we add something to confirm our trades ? Thanks {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 - Extreme to Down South Example.png Size: 238 KB


Hope it help
Regards
NIH
Dog + Smile = Beautiful Day
  • #130
  • May 24, 2019 1:46am May 24, 2019 1:46am
Hi NH98 and all,

Nice to read you thread NH98, thank you for sharing.
Stay green!!!
  • #131
  • Edited 5:28am May 24, 2019 2:32am | Edited 5:28am
Quoting Nih98
{quote} {image} Hope it help Regards NIH
aahh nih i had a relief thank you Sir. I was looking at these indicators and they just didn't fire up nothing in my brain.

All the best,
W
  • #132
  • May 24, 2019 2:59am May 24, 2019 2:59am
Quoting Nih98
{quote} {image} Hope it help Regards NIH

Totally lost my words for you ! To be honest, i just back and open this thread, but amazed by details you provided.

Many thanks, and currently i read words by words from your explanation
May the odds be ever in your favor
  • #133
  • May 24, 2019 3:57am May 24, 2019 3:57am
Quoting Nih98
{quote} {image} Hope it help Regards NIH
Nih98
Just to echo what the other guys have said
Thank you yet again
Dave
  • #134
  • May 24, 2019 6:58am May 24, 2019 6:58am
Ok, someone PM me asking if I actually use this template to my own trades .. lol, yes of course 100% for sure.

I trade almost every 5 minutes in my lovely beast pair.. if opportunity show up.. like yesterday and today.. lol

Attached Image (click to enlarge)
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So, how can I explaining something, if I don't have experience in it.. that will be look weird and not make sense..

regards
NIH
Dog + Smile = Beautiful Day
  • #135
  • May 24, 2019 9:03am May 24, 2019 9:03am
Quoting Nih98
Ok, someone PM me asking if I actually use this template to my own trades .. lol, yes of course 100% for sure. I trade almost every 5 minutes in my lovely beast pair.. if opportunity show up.. like yesterday and today.. lol {image} So, how can I explaining something, if I don't have experience in it.. that will be look weird and not make sense.. regards NIH
Hi NIH

Thanks again for your time and immense sharing. HOw do you deal with this setup as shown on my screenshot ? As I see only sell orders do you base you trading on higher TF or only focus on M5 (for taking decision I know you look the bias by looking higher TF)

Thanks again for your help
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  • #136
  • May 24, 2019 9:19am May 24, 2019 9:19am
Quoting centuripe
{quote} Hi NIH Thanks again for your time and immense sharing. HOw do you deal with this setup as shown on my screenshot ? As I see only sell orders do you base you trading on higher TF or only focus on M5 (for taking decision I know you look the bias by looking higher TF) Thanks again for your help {image}
Hi Brother, thanks for question.

Of course we look at H4, H1, M15, for confluence signals/direction, then look at M5 or M1 for entries details.

Regards
NIH
Dog + Smile = Beautiful Day
  • #137
  • May 24, 2019 9:25am May 24, 2019 9:25am
Quoting Nih98
Ok, someone PM me asking if I actually use this template to my own trades .. lol, yes of course 100% for sure. I trade almost every 5 minutes in my lovely beast pair.. if opportunity show up.. like yesterday and today.. lol {image} So, how can I explaining something, if I don't have experience in it.. that will be look weird and not make sense.. regards NIH
Hi Nih, great trades! what do you look at to determine if the trend will continue or not? How do you determine when it is time to close all your shorts? Do you look for clues on the daily chart?
  • #138
  • May 24, 2019 9:52am May 24, 2019 9:52am
Quoting mamabear
{quote} Hi Nih, great trades! what do you look at to determine if the trend will continue or not? How do you determine when it is time to close all your shorts? Do you look for clues on the daily chart?
Hi Mamabear, as you see, I start to open Long positions, to replace my short positions.

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since usually near weekend market close, many of swing traders close their positions/ profit taking, and especially for this GBP pairs since the uncertainty after PM Theresa May announce her step down. So, we expecting volatile week next week.

Beside look at our template, the most important thing as traders, you must understand market structure, price actions and reversal/retracement patterns etc.

Have a nice weekend with your family and friends and keep smiling.
NIH
Dog + Smile = Beautiful Day
  • #139
  • May 24, 2019 11:10am May 24, 2019 11:10am
@Nih

How do you manage waterfalls on TMA like below picture?
Thanks
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  • #140
  • May 24, 2019 6:55pm May 24, 2019 6:55pm
Quoting Merka
@Nih How do you manage waterfalls on TMA like below picture? Thanks {image}
Hi Bro @Merka, do you also look at higher TFs before you take decision on that M5 chart ? I believe HTF not yet go outside the TMA bands. So, with this template you can't only look at TMA bands, but must be confluence with sub window for FX-RSI. and to get confirmation on direction, you should refer to at least 2 higher TFs.

Regards
NIH
Dog + Smile = Beautiful Day
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