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NIH98 Journal of Whatever

  • #421
  • Jun 17, 2019 8:21pm Jun 17, 2019 8:21pm
Quoting OAPDave
{quote} Thanks for the post anhthu049 and views, sure to help get other guys to post as it helps to show Nih that we are giving it a good go to learn with the tools he as given us Dave
I really hope to learn more useful knowledge and experience in this topic. Prices are always changing, always a potential candidate to team up with TMA Bands and Salmons to decide entry points. Or Price (up and down) then reverse, then the future trend will be in line with TMA Bands and Salmons. How to predict how to capture the entry point effectively and have a way to manage your capital (SL, TP) effectively! That is what I learn and want to go into the nature of the problem. It will then analyze, wait, choose the best candidate, the most appropriate to enter the order.
  • #422
  • Jun 17, 2019 8:32pm Jun 17, 2019 8:32pm
Our TMA Bands Template - Basic (shared Post 1) so far on how to look and read extreme condition(s)

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD M15 TMA Template - Basic - Chart Reading example.png Size: 181 KB


Next TMA Bands Template - Intermediate, not yet share, waiting for more deep understanding from basic TMA template user
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD M15 TMA Template - Intermediate example.png Size: 141 KB


Next TMA Bands Template - Advance, not yet share, will only share after TMA intermediate setup
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD M15 TMA Template - Advance example.png Size: 185 KB


Happy Trading and Keep Smiling
NIH
Dog + Smile = Beautiful Day
  • #423
  • Jun 17, 2019 10:35pm Jun 17, 2019 10:35pm
NIH,

Thank you for these last few charts. Very interesting. However, I am having a hard time distinguishing the grinding pattern on the RSI in real time. I can see it after the fact of course, but by then it is too late it seems.
Life is too short to have anything but delusional notions about yourself.
  • #424
  • Jun 18, 2019 2:10am Jun 18, 2019 2:10am
Quoting Nih98
Our TMA Bands Template - Basic (shared Post 1) so far on how to look and read extreme condition(s) {image} Next TMA Bands Template - Intermediate, not yet share, waiting for more deep understanding from basic TMA template user {image} Next TMA Bands Template - Advance, not yet share, will only share after TMA intermediate setup {image} Happy Trading and Keep Smiling NIH
Thank you so much Uncle! ... wish you green pips , health, happiness ... & continue to share your great knowledge!
...want it most but use it worst!
  • #425
  • Jun 18, 2019 2:32am Jun 18, 2019 2:32am
Gbp/Cad - sell entry using M15. PA below salmon line on main window, RSI below salmon line on sub-window. Checked H1 and H4, all met same entry criteria. Gbp/Cad is one of my favourite pairs using Nih98's TMA strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15-180619.png Size: 58 KB
  • #426
  • Jun 18, 2019 3:50am Jun 18, 2019 3:50am
Quoting kellycml
Gbp/Cad - sell entry using M15. PA below salmon line on main window, RSI below salmon line on sub-window. Checked H1 and H4, all met same entry criteria. Gbp/Cad is one of my favourite pairs using Nih98's TMA strategy. {image}
Hi
Nice entry, what are your views on an exit / banking profit ?
Dave
  • #427
  • Jun 18, 2019 3:54am Jun 18, 2019 3:54am
ECB NEWS SPIKE DOWN - TMA Extreme Condition M15 down

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 161 KB


Happy Trading and Keep Smiling
NIH
Dog + Smile = Beautiful Day
  • #428
  • Jun 18, 2019 4:09am Jun 18, 2019 4:09am
Quoting Nih98
ECB NEWS SPIKE DOWN - TMA Extreme Condition M15 down {image} Happy Trading and Keep Smiling NIH
Nih
As mentioned previously, thanks for the new charts and updates, do you think we should get our heads round the basic rules of 4 hr 1 hr & 15 mins with the Indicators and settings from post 1 before we advance to some of the next stage of indicators that you are showing ie when you think we are ready make a fresh post of the next stage of our journey to become traders with the new indicators that you are adding
Always with thanks
Dave
  • #429
  • Jun 18, 2019 4:18am Jun 18, 2019 4:18am
Quoting OAPDave
{quote} Hi Nice entry, what are your views on an exit / banking profit ? Dave
Hi Dave,

I usually set my TP at the next fractal (next closest line), but I also use trailing stops when there is "enough" pips so that PA won't reverse on me since I can't monitor charts all the time. Of course, "enough" is subjective here. Basically I follow Nih98's advise, he gave us a system, risk and money management will be dependent on individual trader.
  • #430
  • Edited 5:56am Jun 18, 2019 5:08am | Edited 5:56am
Quoting kellycml
{quote} Hi Dave, I usually set my TP at the next fractal (next closest line), but I also use trailing stops when there is "enough" pips so that PA won't reverse on me since I can't monitor charts all the time. Of course, "enough" is subjective here. Basically I follow Nih98's advise, he gave us a system, risk and money management will be dependent on individual trader.
Thanks for the reply my friend that makes complete sense
Dave
p.s
I have been following this indicator from Nih showing potential daily range
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM30.png Size: 108 KB
  • #431
  • Jun 18, 2019 7:12am Jun 18, 2019 7:12am
Gbp/Aud - sell entry using M15, candle upper wick touched outer band in main window, "down fractal" in sub-window.
H1 - same entry criteria
H4 - PA below salmon line in main window, RSI below median in sub-window and a "down fractal"

This entry hit TP. Thanks Nih98.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15-180619.png Size: 76 KB
  • #432
  • Jun 18, 2019 7:16am Jun 18, 2019 7:16am
Quoting OAPDave
{quote} Thanks for the reply my friend that makes complete sense Dave p.s I have been following this indicator from Nih showing potential daily range {image}
Hi Dave,
I believe exchanges among us will help each other to learn, so I am glad to participate and let Nih98 correct/comment as and when he is available.

Yes, I saw you have been using the range indicator. As I have Swingman's fractal indicator on my chart, somehow adding the range indicator made it difficult for me to read. I am aware I left pips on the table or sometimes a winner became BE or small loss if it didn't hit TP. It is something I have to work on as this journey progress. Thanks for your feedback.
Regards,
Kelly
  • #433
  • Jun 18, 2019 8:49am Jun 18, 2019 8:49am
3 charts for observation with any comments welcome, the more we post the more we can learn
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM15.png Size: 137 KB
Click to Enlarge Name: GBPAUDM15.png Size: 148 KB
Click to Enlarge Name: GBPJPYM15.png Size: 120 KB
  • #434
  • Jun 18, 2019 9:05am Jun 18, 2019 9:05am
Quoting OAPDave
3 charts for observation with any comments welcome, the more we post the more we can learn {image} {image} {image}
Hi Dave,
Did you take any trades on the 3 charts? Just wondering how you based your entries.
  • #435
  • Jun 18, 2019 9:08am Jun 18, 2019 9:08am
No just trying to get my head round it all, asking myself do I want to be a short, medium or long term trader ???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 140 KB
Click to Enlarge Name: GBPCADDaily.png Size: 163 KB
  • #436
  • Jun 18, 2019 9:40am Jun 18, 2019 9:40am
Gbp/Nzd - first trade on this pair today. H4 chart - PA below salmon line in main window, RSI below median line in sub-window. D1 chart showed same criteria. I set a smaller TP as it is getting late here. This could have been a longer term trade but I am happy taking what's available.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH4-180619.png Size: 58 KB
  • #437
  • Jun 18, 2019 9:48am Jun 18, 2019 9:48am
Quoting kellycml
Gbp/Nzd - first trade on this pair today. H4 chart - PA below salmon line in main window, RSI below median line in sub-window. D1 chart showed same criteria. I set a smaller TP as it is getting late here. This could have been a longer term trade but I am happy taking what's available. {image}
Have you looked at today's range ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM15a.png Size: 136 KB
  • #438
  • Edited 5:30pm Jun 18, 2019 10:06am | Edited 5:30pm
Prices beyond the TMA Bands will then reverse, appearing pink breakout points that signal a reversal. RSI cut MA from top to bottom in TF H1, M30, M15.
Order Sell, the result is 800 pips!
I was hesitant to use or not use the real account in this transaction. I not use the real account, But I am not disappointed because of the opportunity to practice, analyze, learn more experiences, the most important is the contribution, sharing, discussion of members in this wonderful topic.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20.png Size: 221 KB
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  • #439
  • Jun 18, 2019 10:12am Jun 18, 2019 10:12am
After a sharp increase, Reversal price reversed back in line with TMA Bands and Salmons in TF H1, M30, M15 frames. In line with the trend, I continued to place orders 300 pips in this case.
Attached Image (click to enlarge)
Click to Enlarge Name: 22.png Size: 255 KB
  • #440
  • Jun 18, 2019 10:28am Jun 18, 2019 10:28am
Hi Dave,Anhthu,Kelly,
Thanks for post all chart with drawing and explaining like Nih helped us. Your guy inspired me ,at least we can show Nih how we progress what we learned from him . We all appreciate Nih he is our master and live dictionary ,Nih know thousand ,thousand indicators and tool how to make money .We are lucky to have with us.Thanks Nih .Anhthu ,Kelly you learned at the same time with me but I still slowly and stay the same ,I am sorry can not post any charts at all .
Cheer,
Munchie
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