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NIH98 Journal of Whatever

  • #461
  • Jun 19, 2019 6:27pm Jun 19, 2019 6:27pm
02 opposite transactions, price direction and RSI in TF H1, M30, M15 in the same direction, are pointing up; H4 is heading down, This is a short entry.
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  • #462
  • Jun 20, 2019 12:19am Jun 20, 2019 12:19am
a few considerations after last night's GN trades:

First no need to panic when trade turned against me, a bunch of buys and sells later I got out OK.
Therefore if I have to go to sleep and can't monitor trades I will open hedge position in lieu of SL. For me SL is more dangerous than wrong trades. it is possible to mange wrong trades into profit but once SL is hit it is final. 3rd is money management, which is probably THE most important thing.

any critiques welcome
  • #463
  • Jun 20, 2019 5:17am Jun 20, 2019 5:17am
Quoting mamabear
a few considerations after last night's GN trades: First no need to panic when trade turned against me, a bunch of buys and sells later I got out OK. Therefore if I have to go to sleep and can't monitor trades I will open hedge position in lieu of SL. For me SL is more dangerous than wrong trades. it is possible to mange wrong trades into profit but once SL is hit it is final. 3rd is money management, which is probably THE most important thing. any critiques welcome
Hi
I expect Nih98 to make a comment on this post ( it might not be good ) but its just my way of doing things. Nih mentions that you always need to know were you are, well I use a grid for this, I will enclose a Big Picture Grid & a Wkly view on a 15 min chart, now as the same way as Nih does I only want to work from the extreme trying to walk up or down the steps/levels/octaves
So although I obey all Nih rules and indicators I want them to be in the right position on my grids before I buy or sell
Dave
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  • #464
  • Jun 20, 2019 6:11am Jun 20, 2019 6:11am
Ooooooh noooo! It happened again.....

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Best regards
Joakim
  • #465
  • Jun 20, 2019 6:41am Jun 20, 2019 6:41am
Quoting Joakim
Ooooooh noooo! It happened again..... {image} Best regards Joakim
Hi
I think it's a clever move to watch match the correct pairs together on 1 screen shot, never thought of it that way I have always concentrated on a single pair at a time, I am going to re arrange my charts, thank you for the tip.
Here would be my view of what you have shown
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  • #466
  • Jun 20, 2019 7:11am Jun 20, 2019 7:11am
Quoting OAPDave
{quote} Hi I think it's a clever move to watch match the correct pairs together on 1 screen shot, never thought of it that way I have always concentrated on a single pair at a time, I am going to re arrange my charts, thank you for the tip. Here would be my view of what you have shown {image} {image}
Hi Dave. It will be interesting journey for all of us. Let's study from each other.
Best regards
Joakim
  • #467
  • Jun 20, 2019 7:43am Jun 20, 2019 7:43am
Quoting OAPDave
{quote} Hi I think it's a clever move to watch match the correct pairs together on 1 screen shot, never thought of it that way I have always concentrated on a single pair at a time, I am going to re arrange my charts, thank you for the tip. Here would be my view of what you have shown {image} {image}
Dave also try to watch EURUSD/USDCHF with Uncle NIH98's great template. If we set our median line as 'anchor' so we can see that yesterday USDCHF a little bit 'earlier' touch the median line of RSI, sooooo if we know that USDCHF is 'lead' at current moment on 15-Minute timeframe? What should we do?
Right Buy EURUSD after it 'eat' 1.20000 level.

Best regards
Joakim
  • #468
  • Jun 20, 2019 9:43am Jun 20, 2019 9:43am
Quoting OAPDave
{quote} Got me thinking ? {image} {image} {image}
Instead GBPUSD, put AUDUSD. So watch for couple of days these 3 “sisters” AUDUSD-NZDUSD-USDCAD. If you watch carefully, you will find something interesting
best regards
joakim
  • #469
  • Jun 20, 2019 10:00am Jun 20, 2019 10:00am
Quoting Joakim
{quote} Instead GBPUSD, put AUDUSD. So watch for couple of days these 3 “sisters” AUDUSD-NZDUSD-USDCAD. If you watch carefully, you will find something interesting best regards joakim
Thank you , have you got a list ?
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  • #470
  • Jun 20, 2019 9:09pm Jun 20, 2019 9:09pm
Quoting Nih98
{quote} Hi Mamabear, wait this spike up just manipulated news, don't hedge , look at M15 GBP/NZD, the candles formation show exhaustion.. wait for a while, this may back to south.. continuing current down south movement. 1.92311 Regards NIH
Quoting mamabear
a few considerations after last night's GN trades: First no need to panic when trade turned against me, a bunch of buys and sells later I got out OK. Therefore if I have to go to sleep and can't monitor trades I will open hedge position in lieu of SL. For me SL is more dangerous than wrong trades. it is possible to mange wrong trades into profit but once SL is hit it is final. 3rd is money management, which is probably THE most important thing. any critiques welcome
Is not about 'wow' how do you know it will come back to 1.92311.. ?
GBP/NZD M15
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It's just because looking up to daily chart with common sense..
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@Mamabear, later if you become more confident and comfortable with your trading style and trading time, you could consider to use EA helper, that will manage your SL movements, and maybe (depend on how serious your accounts..) you could rent commercial VPS, so you could do analysis with your computer, take entry decision(s), then turn off your PC and let the other MT4 with EA helper on your VPS work for you 24/7 to take care your order(s).

Hope it helps
NIH
Dog + Smile = Beautiful Day
  • #471
  • Jun 20, 2019 9:19pm Jun 20, 2019 9:19pm
Quoting OAPDave
{quote} Hi I expect Nih98 to make a comment on this post ( it might not be good ) but its just my way of doing things. Nih mentions that you always need to know were you are, well I use a grid for this, I will enclose a Big Picture Grid & a Wkly view on a 15 min chart, now as the same way as Nih does I only want to work from the extreme trying to walk up or down the steps/levels/octaves So although I obey all Nih rules and indicators I want them to be in the right position on my grids before I buy or sell Dave {image} {image} {image} {image}
This is great.. you could work and combined your favorites tools together..
one important aspect in technical analysis is you should "know your tool(s)" how it work, what for, the advantage(s) and the weakness(es), and how to combine in confluence orchestration with other favorite tool(s).

The very first question.., how you use your chart(s).. what for ?

Regards
NIH
Dog + Smile = Beautiful Day
  • #472
  • Jun 20, 2019 9:25pm Jun 20, 2019 9:25pm
Quoting Nih98
{quote} {quote} Is not about 'wow' how do you know it will come back to 1.92311.. ? GBP/NZD M15 {image} It's just because looking up to daily chart with common sense.. {image} @Mamabear, later if you become more confident and comfortable with your trading style and trading time, you could consider to use EA helper, that will manage your SL movements, and maybe (depend on how serious your accounts..) you could rent commercial VPS, so you could do analysis with your computer, take entry decision(s), then turn off your PC and let the other MT4 with...
"Is not about 'wow' how do you know it will come back to 1.92311.. ?" indeed, wow wow wow!

This response is gold I will go over it and chew on it for a while! Thank you Nih and thank goodness you are even willing to hold our newbie hands.
  • #473
  • Jun 20, 2019 9:32pm Jun 20, 2019 9:32pm
Hi Nih98,
May I know if you can give a bit more 'clue" how to use Swingman's MA avg slope indi? You've explained a bit in a chart earlier. I am not able to fully grasp it. Thank you as always.
  • #474
  • Jun 20, 2019 9:32pm Jun 20, 2019 9:32pm
Quoting Joakim
Hi guys! Ok, my uncle @NIH98 let me begin followed below discussion and my view of market. First of all I'm really sorry for my English. Let's start: As you know at Forex market we have major currencies and cross currencies, what the difference between them you know. I hope so. EUR/USD USD/CHF GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD - here is the list of major currencies, as you can see all of them have the same 'thing', exactly 'ANCHOR' = USD. Upper list we can also divide to another small-lists, but we talk about later. And what we can do with...
Hi Brother, sorry for late reply.. of course I will..
NIH
Dog + Smile = Beautiful Day
  • #475
  • Jun 20, 2019 9:32pm Jun 20, 2019 9:32pm
Quoting Nih98
{quote} {quote} Is not about 'wow' how do you know it will come back to 1.92311.. ? GBP/NZD M15 {image} It's just because looking up to daily chart with common sense.. {image} @Mamabear, later if you become more confident and comfortable with your trading style and trading time, you could consider to use EA helper, that will manage your SL movements, and maybe (depend on how serious your accounts..) you could rent commercial VPS, so you could do analysis with your computer, take entry decision(s), then turn off your PC and let the other MT4 with...

Hi Nih, on the daily chart how did you know before hand price was not going to poke through the mid line and retrace further to the first upper band?
  • #476
  • Jun 20, 2019 9:42pm Jun 20, 2019 9:42pm
Quoting Nih98
{quote} {quote} Is not about 'wow' how do you know it will come back to 1.92311.. ? GBP/NZD M15 {image} It's just because looking up to daily chart with common sense.. {image} @Mamabear, later if you become more confident and comfortable with your trading style and trading time, you could consider to use EA helper, that will manage your SL movements, and maybe (depend on how serious your accounts..) you could rent commercial VPS, so you could do analysis with your computer, take entry decision(s), then turn off your PC and let the other MT4 with...
Yes Nih my initial trades were in profit before price turned, I am researching a break even + x pips EA to help manage the trades. Does anyone has a good one to recommend?
  • #477
  • Jun 20, 2019 9:43pm Jun 20, 2019 9:43pm
Quoting kellycml
Hi Nih98, May I know if you can give a bit more 'clue" how to use Swingman's MA avg slope indi? You've explained a bit in a chart earlier. I am not able to fully grasp it. Thank you as always.
Hi Bro, maybe better if you show me why you need to use the tool for your trading setup, your general understanding about 'her', then later we could discuss how to look at 'her' in confluence with other tool(s) that you use.. So, I could more prepare my explanation on 'where to begin'..

Wish You All The Best
NIH
Dog + Smile = Beautiful Day
  • #478
  • Jun 20, 2019 9:43pm Jun 20, 2019 9:43pm
Quoting Nih98
{quote} {quote} Is not about 'wow' how do you know it will come back to 1.92311.. ? GBP/NZD M15 {image} It's just because looking up to daily chart with common sense.. {image} @Mamabear, later if you become more confident and comfortable with your trading style and trading time, you could consider to use EA helper, that will manage your SL movements, and maybe (depend on how serious your accounts..) you could rent commercial VPS, so you could do analysis with your computer, take entry decision(s), then turn off your PC and let the other MT4 with...
Yes Nih looking back my initial trades were in profit before price turned. I am researching a break even + x pips EA. Does anyone have a good one to recommend?
  • #479
  • Jun 20, 2019 9:52pm Jun 20, 2019 9:52pm
chasing her down south- if that's where she is going. Or will she turn back and shock me again?
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  • #480
  • Jun 20, 2019 9:56pm Jun 20, 2019 9:56pm
sneaking in a trade on G/J as well. moved to break even at least I don't lose on this one
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