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  • #241
  • Jun 1, 2019 1:59pm Jun 1, 2019 1:59pm
Quoting skyway
Moodybot's comment and Master Bluesteele click "like" in agreement. (Read his recent comments tell you he knows nothing about the market after his 10 years experience, Bluesteele 20+ years experience. No surprise actually.) Moodybot posted how he trades Master George method for 30pips. I post the trade seen through the eyes of Nih template. I do not make any comments. If you have a brain between your ears you make the judgement yourself. That's the reason why I asked for Master Bluesteele last 10 trades entry exit. He can cherry pick his last best...

You know I feel sorry for you Skyway.. Your so full of negativity.

You go on and on and on.. Why on Earth would I want or need to show you anything?
Because you ask for it ?

From an unrespectful preson such as you... Sorry...

How about you show your last 10 trades? Whats it going to show?

You act like a child honestly..

Show me yours... Its like a teenagers dick swinging contest.

And trading from your phone just shows your rank amateur level.
TRUE Professionals dont trade from their phones...
(AND BTW MOODY CALLED THAT TRADE BEFORE IT HAPPENED>>>UNLIKE YOUR AFTER THE FACT USELESS PHONE CHARTS HAHAHAHA )


You know I thought I would come and visit NIHS thread....But All i find is
you going on about MoodyBot George and myself.

Im sorry I visited...and I wont be back.

So carry on with your childish ways Skyway saying how stupid we all are.

And Congratulations for being the first on my Ignore list.

My Apologies NIH. But this guy is nothing but an unrespectful amateur.

Blue
Master your Mind,,,Master the Market
  • #242
  • Jun 1, 2019 3:59pm Jun 1, 2019 3:59pm
Quoting skyway
Moodybot's comment and Master Bluesteele click "like" in agreement. (Read his recent comments tell you he knows nothing about the market after his 10 years experience, Bluesteele 20+ years experience. No surprise actually.) Moodybot posted how he trades Master George method for 30pips. I post the trade seen through the eyes of Nih template. I do not make any comments. If you have a brain between your ears you make the judgement yourself. That's the reason why I asked for Master Bluesteele last 10 trades entry exit. He can cherry pick his last best...

Hey Skyway

So what actually happened to EG and GU?
That was a live call.
Not many on this forum prepared to stick their neck out...just the usual gobshite late to the show guys.

Moodybot posted how he trades Master George method for 30pips.........sorry to piss on your parade but I don't trade George's method for 30pips.

The only thing that you need to know is that my initial entry is exactly as Georges method, breakout and TMA reversal.

Nih

Sorry mate but I will respond here if Skyway wants to unload his balls over a couple of charts.
If he removes his posts then so will I.

Andy
  • #243
  • Jun 1, 2019 4:04pm Jun 1, 2019 4:04pm
Quoting moodybot
{quote} Nih Sorry mate but I will respond here if Skyway wants to unload his balls over a couple of charts. If he removes his posts then so will I. Andy
Bro @Moodybot, @Bluesteele Fair enough, you use your rights to answer.

Keep smiling and have a nice weekend
NIH
Dog + Smile = Beautiful Day
  • #244
  • Jun 1, 2019 4:12pm Jun 1, 2019 4:12pm
Quoting moodybot
{quote} Hey Skyway So what actually happened to EG and GU? That was a live call. Not many on this forum prepared to stick their neck out...just the usual gobshite late to the show guys. Moodybot posted how he trades Master George method for 30pips.........sorry to piss on your parade but I don't trade George's method for 30pips. The only thing that you need to know is that my initial entry is exactly as Georges method, breakout and TMA reversal. Nih Sorry mate but I will respond here if Skyway wants to unload his balls over a couple of charts. If...
Hello Andy, hope you well, do you mind me quoting
"That was a live call.
Not many on this forum prepared to stick their neck out...just the usual gobshite late to the show guys."
somewhere else?, would be more concerned if I did and you seen it, it may upset, nothing untoward, just a great statement, cheers, Rob
I don't need to be good at the game, only good enough to beat my opponent,
  • #245
  • Edited 7:50pm Jun 1, 2019 7:16pm | Edited 7:50pm
Quoting Merka
{quote} The question is how do you determine the trend using the tools on your charts. Do you have a set of rules for this purpose?
I am analyzing and practicing according to the strategy of NIH98 in this topic. Determine the trend (up and down direction) based on the main window of the TMA Bands (mid-pink line) and at the secondary window of the MA 66 (pink or otherwise called Salmon line) in high TF ( H4, H1); then consider at TF low M30.15 to make decisions. If the price follows MA66 TMA Bands and RSI666, it is necessary to consider placing orders and cutting losses accordingly.
Figure on the picture above, at TF H4: When the price crosses the TMA Band's pink line, we draw a red vertical line for review and analysis. we see the direction of TMA Band in the main window and the direction of Salmon in the secondary window is tending to rise. Therefore, we analyze and predict that in the future prices will increase . Then we look at TF H1, if that continues to happen as TF H4 then we move down to TF 15 to analyze, wait Price comes to a beautiful moment, beautiful signals follow the trend of TF H4, H1, then enter Buy entry.
Since I have no experience, through the analysis of NIH98, I gradually understand the above principle. Therefore, you should see more details of NIH98 articles to better understand the above problem.
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  • #246
  • Jun 1, 2019 7:51pm Jun 1, 2019 7:51pm
Quoting detector
{quote} Hello Andy, hope you well, do you mind me quoting "That was a live call. Not many on this forum prepared to stick their neck out...just the usual gobshite late to the show guys." somewhere else?, would be more concerned if I did and you seen it, it may upset, nothing untoward, just a great statement, cheers, Rob
I don't need to be good at the game, only good enough to beat my opponent,
  • #247
  • Edited 3:22am Jun 2, 2019 2:56am | Edited 3:22am
Quoting Nih98
{quote} Sir @Parisboy, of course I also learn about W.D Gann Time, Space(astronomical side), and Value(Price) Vibration, even I have copy of his hand written manuscript, also about J.M Hurst cycles concept, cycle amplitudes, sine waves, Singular Spectrum Analysis, Subsequent Theorem, etc. Thank You for your contribution.

But in this Journal Thread, I try to help fellow traders who don't have time to go that deep level analysis, and only want to train their photographic mind, to look at simple waves movement in measured space field (using TMA...
A noble effort indeed. I hardly find practical and simple tools to conduct trading on FF.

I am basically a currency options trader - a seller rather than a buyer. Directionless trading. Limited but consistent returns. Being a seller, I have no choice but to master the skills of risk management. I have to be well versed in that aspect of trading business since I am a seller or risk taker by choice. No need to understand charts or indicators or even analyse fundamental events. Risk and margin management is all I need.

Directional Trades is my goal now

I switched to spot fx mainly to learn about Breakout trading and use the indicators and knowledge to trade Directional trades in fx Future Options.
Directional trading is lucrative, provides limited opportunities for trading but enough to beat returns from Spot FX and that too consistently.

Since I have enough funds to support trading, my choice of instrument will always remain Currency future options.
And not Spot or even FX futures for regular trading.

A standard contract of EURUSD futures is for 125,000 euro

Margin : CMEFXEURO FUTUREEC06/201908/2019 $2,000 plus 22.000% as maintenance margin

Minimum price fluctuation: $.0001 per euro increments ($12.50/contract). Also, trades may occur at $.00005 ($6.25), $.00015 ($18.75), $.00025 ($31.25), $.00035 ($43.75), and $.00045 ($56.25), when price is below five ticks of premium.

Selling of options requires at least $25,000 in the margin account and most of the brokers don't approve selling facility easily.

Even if you want to buy options, you need to keep at least $4,500 in your account. If the option price is 0.0200 ticks or 200 points (or pips in spot fx) it will cost $2,500, with each tick costing $12.50.

By putting in $2,500 and buying an option that is going to expire after 4 months, I am buying enough time and the capacity to withstand innumerable stop loss hits to get back into profit zone after suffering many setbacks without putting in extra margin. As against this, an fx broker can open an account for even $ 100, give you the leverage of 1:500 and grab your $100 in a matter of seconds if your prediction of a consecutive win fails. Just a pullback is enough to kill the account. In my experience, FX spot needs bigger pockets than the options require. So my vote is always for fx options.

Still, I do selective Fx spot trading. I would go for it only when I feel there is a strong fundamental reason (economic release or a geopolitical event), for the velocity of momentum to go up and that there will be two-way opportunities to trade.

Brexit provided such an opportunity when I could make a 34% return in a month on my real Interactive Brokers account and 46.5% in 82 trading days on my demo FF explorer (https://www.forexfactory.com/simnz#acct.09)

But such a situation is an exception. Such opportunities can't be more than two in a year.

But Breakouts can provide me at least 6 to 8 opportunities in a year and I would rather use futures options rather than spot fx to trade them.

Currency futures options have the following major advantages: Fixed Leverage is extended by the Exchange and not the broker. Even if the trade goes into adverse position 50 times, and hits perceived Stop-Loss (from the point of spot fx) but finally comes back into the profit zone, the trader still remains in the game without topping up the account with extra margin or getting affected psychologically. Buying cost is the maximum loss a trader can suffer until the expiry period.

Buying of options can give you the kind of non-linear (exponential) rewards you can only dream of in fx spot.

Directional Trading: How to prepare for it?

Majorly, for directional trading, I have to plan how long or for how many days should I stay invested.

Time decay is the major factor that will affect my profitability.

Consolidation or flat market eats away Time value.

So before entering the position, I have to plan for Breakout as well as its failure if I want to avoid loss by way of time value.

I have to forecast in terms of mainly TIME and Price:

 

  1. when will swings go into forming trends; (can be predicted in terms of TIME)
  2. when will pullbacks occur ; (can be predicted in terms of TIME based on past patterns)
  3. how long will the trend continue or reverses (can be predicted in advanced in terms of TIME)


Exit Point to be plotted as when anticipated :

 

  1. Trading becomes choppy instead of trending. (can't be predicted in advance in terms of TIME)
  2. Range trading between two boundaries begins (can't be predicted in advance in terms of TIME)
  3. Trending loses steam and stalls (can be predicted as fade-out happening after fundamental events or exhaustion of trends in terms of TIME)
  4. Signs of reversal closing in (can be predicted in terms of TIME based on past patterns)
  5. The market goes flat or consolidates (can't be predicted in advance in terms of TIME)

Main information indicators needed are for

Volatility (BB Squeenze is a good indicator)

Momentum velocity sensor ( I have not found any. It has to based on ticks ): Currency Strength indicator can be coded as velocity sensor if tick and Group strength is used instead of 1m TF. Currency Strength and weakness index issue: You have explained quite well through the signal indicator. So I have confidence that you can really build a Momentum velocity sensor indicator or EA.

Direction prediction: Can be more than 100 ways. your TMA method is good. My method is simple. If you can make an indicator improving on my ideas and without constantly referring to MT4 desktop for information, that will be great. Basically, I don't find indicators coders giving attention to the TIME element.

I am 70 and prefer not to go to desktop MT4 all the time for gathering information. I use Mobile platforms Android MT4 and Android IBKR for executing trades.
Manually, I look for Exhaustion by way of Weekly Pips or Percentage Range on some websites.

However, like robots4me has tried to analyse the daily range movements/patterns through a levels histogram indicator, if you can develop a weekly or 2 weekly indicator to help analyse patterns, it will be excellent.

Probable Target Entry or exit points: I have been using Zlines for more than 10 years and 80% of the time the probabilities turn into realities. I have posted the indicator on MM Detective thread. Robots4me has also coded another MTF indicator which charts"lifetimes" of TOPS and BOTTOMS. Both are useful.

Practice makes a person perfect
  • #248
  • Jun 2, 2019 3:55am Jun 2, 2019 3:55am
Quoting skyway
{quote} Here you go. And you can have most of that on your phone specially suited for old lazy amateur traders. {image}
I find only RSI in the MT4 mobile.
Can you kindly advise me how to convert to mobile platform bbsqueeze in sub-window and the different levels in the main chart?
thanks.
Practice makes a person perfect
  • #249
  • Jun 2, 2019 4:32am Jun 2, 2019 4:32am
Quoting Nih98
{quote} Sir @Parisboy, of course I also learn about W.D Gann Time, Space(astronomical side), and Value(Price) Vibration, even I have copy of his hand written manuscript, also about J.M Hurst cycles concept, cycle amplitudes, sine waves, Singular Spectrum Analysis, Subsequent Theorem, etc. Thank You for your contribution. But in this Journal Thread, I try to help fellow traders who don't have time to go that deep level analysis, and only want to train their photographic mind, to look at simple waves movement in measured space field (using...
Trying to help fellow traders to train their photographic mind
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  • #250
  • Jun 2, 2019 4:43am Jun 2, 2019 4:43am
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  • #251
  • Jun 2, 2019 4:48am Jun 2, 2019 4:48am
Attached Image (click to enlarge)
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  • #252
  • Jun 2, 2019 4:53am Jun 2, 2019 4:53am
Quoting simnz
{quote} A noble effort indeed. I hardly find practical and simple tools to conduct trading on FF. I am basically a currency options trader - a seller rather than a buyer. Directionless trading. Limited but consistent returns. Being a seller, I have no choice but to master the skills of risk management. I have to be well versed in that aspect of trading business since I am a seller or risk taker by choice. No need to understand charts or indicators or even analyse fundamental events. Risk and margin management is all I need. Directional Trades is...
Interesting post and interesting journal, will be reading, thank you.
trading is simple but is simple is not easy.
  • #253
  • Jun 2, 2019 4:53am Jun 2, 2019 4:53am
Hey Nih,

First I would like to thank you for the amazing you work you have presented in this thread!

Going through charts using your indicators and most preferred using the TMA I noticed that price close to 100% reverses at the outer bands of the TMA zones with your TMA settings. Therefore I was wondering if you could possibly program a (push) alert for when price breaks this zone?

I marked on the chart the bands where price always reverses.

Thanks in advance,
Wim
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  • #254
  • Jun 2, 2019 6:31am Jun 2, 2019 6:31am
Quoting LongBTC
Hey Nih, First I would like to thank you for the amazing you work you have presented in this thread! Going through charts using your indicators and most preferred using the TMA I noticed that price close to 100% reverses at the outer bands of the TMA zones with your TMA settings. Therefore I was wondering if you could possibly program a (push) alert for when price breaks this zone? I marked on the chart the bands where price always reverses. Thanks in advance, Wim {image}
Hi Bro, I called that zone TMA riverbank. I don't put alert in this TMA bands, because usually in my advance trading template. I use arrows and alerts from my oscillator. If I have time, I will try to place alert module to her in next version.

Attached Image (click to enlarge)
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Regards
NIH
Dog + Smile = Beautiful Day
  • #255
  • Jun 2, 2019 7:07am Jun 2, 2019 7:07am
Quoting Nih98
{quote} Hi Bro, I called that zone TMA riverbank. I don't put alert in this TMA bands, because usually in my advance trading template. I use arrows and alerts from my oscillator. If I have time, I will try to place alert module to her in next version. {image} Regards NIH
Hey Nih,

Thanks, I hope you can find the time! Good luck trading next week!
  • #256
  • Jun 2, 2019 7:35am Jun 2, 2019 7:35am
Quoting Nih98
{quote} Hi Bro, I called that zone TMA riverbank. I don't put alert in this TMA bands, because usually in my advance trading template. I use arrows and alerts from my oscillator. If I have time, I will try to place alert module to her in next version. {image} Regards NIH
River Theory from Glenn Neely
Attached File(s)
File Type: pdf RIVER THEORY presentation.pdf   302 KB | 880 downloads
  • #257
  • Jun 3, 2019 12:05am Jun 3, 2019 12:05am
Short entry order. Price contrary to the trend of Salmons H1, M30, M15 lines. Should profit take 70 pips or wait for price to touch Salmon M15 then continue downward to have a long trade? Looking at the image above, I predicted that the price would continue to go down so I set Stop loss at 70 pip and I chose to handle waiting for Price to hit Salmon Street and then decided to stop or continue.
The same thing happens in Figure 14.
I have no experience handling Forex! May everyone share their experiences. Sincere thanks!
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  • #258
  • Jun 3, 2019 12:39am Jun 3, 2019 12:39am
Quoting parisboy
{quote} River Theory from Glenn Neely {image}
Hi Prisboy,

If you can throw some light on What causes the formation of riverbank zones?

In what currency pairs?

How long this riverbank phase lasts?

What patterns to look for to forecast the time of its duration?

Looking back is useful up to a point. Important is to act upon it.

Any suggestions will be welcome. Only actionable information, please.

Thank you.
Practice makes a person perfect
  • #259
  • Edited 1:40am Jun 3, 2019 1:19am | Edited 1:40am
Quoting simnz
{quote} Hi Prisboy, If you can throw some light on What causes the formation of riverbank zones? In what currency pairs? How long this riverbank phase lasts? What patterns to look for to forecast the time of its duration? Looking back is useful up to a point. Important is to act upon it. Any suggestions will be welcome. Only actionable information, please. Thank you.
Hi Simnz, thanks for your interest . But there is no free lunch in trading life. You need to spend some time and energy to assimilate the informations you request. This can not be done in 5 minutes and some lines.

you just have to read my thread (going towards 100 pages) Most of your questions are answered there about Time, Cycles, how to trade Channels etc with numerous examples. Everything there is "actionable" as you say. Precise, detailed step by step, justified on a theoretical point of view.

Neely's seminar about River Theory was charged 5.000 $ the last time I looked. Reading my thread is free !

Note that Neely after taking on the side his interpretation of Elliott has just reshaped basic Channel Analysis under the name of River Theory. It is just marketing.

Basically Price Action fluctuates within "Channels" centered on a Moving Average. This Channel shows you the maximum probable measured move of the Price Swing. Then after some time Price returns to the mean. This has value within a specific TimeFrame.

Change in Trend (Up or Down) are the result of what Jim Hurst calls the Underlying Trend = Influence of Price Action of Higher TimeFrames = technically sum of the Higher Order Cycles.
  • #260
  • Edited 2:01am Jun 3, 2019 1:49am | Edited 2:01am
Quoting parisboy
{quote} Hi Simnz, thanks for your interest. But there is no free lunch in trading life. You need to spend some time and energy to assimilate the informations you request. This can not be done in 5 minutes and some lines. you just have to read my thread (going towards 100 pages) Most of your questions are answered there about Time, Cycles, how to trade Channels etc with numerous examples. Everything there is "actionable" as you say. Precise, detailed step by step, justified on a theoretical point of view. Neely's seminar about River Theory was charged...
Ok. you have put the principle well. When you can articulate so well in a couple of minutes, I really don't need to go through 100 pages. Now I will only be interested in studying your Trading Explorer to get a few actionable ideas. Thank you.
Practice makes a person perfect
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