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NIH98 Journal of Whatever

  • #481
  • Jun 20, 2019 10:09pm Jun 20, 2019 10:09pm
Quoting mamabear
{quote} 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?
In General, because of current down move behavior from Daily Chart Scope point of view..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 169 KB


Regards
NIH
Dog + Smile = Beautiful Day
  • #482
  • Jun 20, 2019 10:13pm Jun 20, 2019 10:13pm
In my old days I would have been super happy with consistently getting 20 pips a day. Now I get very greedy learning to trade the beast
  • #483
  • Jun 20, 2019 10:24pm Jun 20, 2019 10:24pm
Quoting Nih98
{quote} In General, because of current down move behavior from Daily Chart Scope point of view.. {image} Regards NIH
So look for clues on the chart history particularly the day chart for patterns of behavior...
I have updated my TP level accordingly. Thanks Nih please keep the comments coming they are hugely helpful.
  • #484
  • Jun 20, 2019 10:41pm Jun 20, 2019 10:41pm
Hi Nih, will you comment on GA? I get conflicting impression, on the 4h chart it looks like she is going up, on 15m in a squeeze, on 30m under the salmon line. I know it is flat Asian session right now. Are sessions important to your style of trading?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 74 KB
Click to Enlarge Name: GBPAUDM30.png Size: 77 KB
Click to Enlarge Name: GBPAUDM15.png Size: 72 KB
  • #485
  • Jun 20, 2019 11:13pm Jun 20, 2019 11:13pm
Quoting mamabear
Hi Nih, will you comment on GA? I get conflicting impression, on the 4h chart it looks like she is going up, on 15m in a squeeze, on 30m under the salmon line. I know it is flat Asian session right now. Are sessions important to your style of trading? {image} {image} {image}
My Long term bias for GBP/AUD still up movement, not because GBP is strong (actually is weak) but AUD maybe weaker in the next couple of days..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 164 KB


So, mostly I will looking for Higher Low on H4, and search for confirmation on H1 and M15..

About Market Sessions, of course from Intradays trading level yes they are important.. , but for Long term hold trading level. nope they are nothing..

Hope it Helps
NIH
Dog + Smile = Beautiful Day
  • #486
  • Jun 21, 2019 12:14am Jun 21, 2019 12:14am
Quoting Nih98
{quote} So, mostly I will looking for Higher Low on H4, and search for confirmation on H1 and M15..
GBP/AUD H4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 152 KB



GBP/AUD M15
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 166 KB


Happy Trading
NIH
Dog + Smile = Beautiful Day
  • #487
  • Edited 1:38am Jun 21, 2019 1:19am | Edited 1:38am
Hi Abang Nih98,

This must be the most underrated thread in FF. Keep up the good work sir.

I also notice that you are very helpful and quick to answer queries from members.

I have one for you sir.

How do you determine which pair to trade for the day? Is it based on a currency strength indicator?

Terima kasih.

Jiran uthara

Rajnidas
  • #488
  • Jun 21, 2019 2:19am Jun 21, 2019 2:19am
Quoting rajandaas
Hi Abang Nih98, This must be the most underrated thread in FF. Keep up the good work sir. I also notice that you are very helpful and quick to answer queries from members. I have one for you sir. How do you determine which pair to trade for the day? Is it based on a currency strength indicator? Terima kasih. Jiran uthara Rajnidas
Rajnidas, you finally opened your eyes to look at your jiran selatan thread, good for you.
  • #489
  • Jun 21, 2019 2:33am Jun 21, 2019 2:33am
Quoting skyway
{quote} Rajnidas, you finally opened your eyes to look at your jiran selatan thread, good for you.
Ha ha ha,

You are from Finland. How come you speak the Malay/Indonesian language?

Rajnidas
  • #490
  • Jun 21, 2019 2:34am Jun 21, 2019 2:34am
Quoting rajandaas
{quote} Ha ha ha, You are from Finland. How come you speak the Malay/Indonesian language? Rajnidas
I major in linguistic studies, one of my thesis topic is on bosku country.
  • #491
  • Jun 21, 2019 2:39am Jun 21, 2019 2:39am
Quoting skyway
{quote} I major in linguistic studies, one of my thesis topic is on bosku country.
Ha ha ha. Bossku really is great isn't he? Put us in the limelight for all the wrong reasons.

His trial is going on now. Wonder if you are following it.

Rajnidas
  • #492
  • Jun 21, 2019 2:42am Jun 21, 2019 2:42am
Quoting rajandaas
Hi Abang Nih98, This must be the most underrated thread in FF. Keep up the good work sir. I also notice that you are very helpful and quick to answer queries from members. I have one for you sir. How do you determine which pair to trade for the day? Is it based on a currency strength indicator? Terima kasih. Jiran uthara Rajnidas
Hi Bro Rajnidas my Northern Brother.

Thank you for your question, Firstly, we could determine which pairs to trade for the day base on our trading time range, then we should measure our risk allowances.

So, in general it is not about currencies strength but more about our account risk strength. for example if our risk allowance approximately 50 pips then you should look for pair with ADR in similar range, don't play 'the beast' with ADR 150 pips.

Then, you should search for pair(s)/instruments that 'active' during your trading time range. Base on that you could build your trading system and trading plan specific to your favorite pair(s).

Hope it helps, and wish you all the best
NIH
Dog + Smile = Beautiful Day
  • #493
  • Jun 21, 2019 2:46am Jun 21, 2019 2:46am
Quoting Nih98
{quote} Hi Bro Rajnidas my Northern Brother. Thank you for your question, Firstly, we could determine which pairs to trade for the day base on our trading time range, then we should measure our risk allowances. So, in general it is not about currencies strength but more about our account risk strength. for example if our risk allowance approximately 50 pips then you should look for pair with ADR in similar range, don't play 'the beast' with ADR 150 pips. Then, you should search for pair(s)/instruments that 'active' during your trading time range....
Uncle give the best answer.
Pls learn folks.
  • #494
  • Jun 21, 2019 2:47am Jun 21, 2019 2:47am
Quoting Nih98
{quote} Hi Bro Rajnidas my Northern Brother. Thank you for your question, Firstly, we could determine which pairs to trade for the day base on our trading time range, then we should measure our risk allowances. So, in general it is not about currencies strength but more about our account risk strength. for example if our risk allowance approximately 50 pips then you should look for pair with ADR in similar range, don't play 'the beast' with ADR 150 pips. Then, you should search for pair(s)/instruments that 'active' during your trading time range....
Hi Nih98,

Thank you sir. I shall go back to the drawing board and start working along those lines.



Rajnidas
  • #495
  • Jun 21, 2019 3:02am Jun 21, 2019 3:02am
Quoting rajandaas
{quote} Hi Nih98, Thank you sir. I shall go back to the drawing board and start working along those lines. Rajnidas
Rajnidas, follow up to uncle's post I suggest you start with less volatile pairs to gain experience.
EURUSD, USDCHF, AUDUSD, AUDJPY, CADJPY, CHFJPY

Less volatility, smaller stop loss required, lesser psychological stress. Learn this pairs then step up to GBP pairs and eventually the "beast" as your skill improve.
  • #496
  • Jun 21, 2019 3:11am Jun 21, 2019 3:11am
Quoting skyway
{quote} Rajnidas, follow up to uncle's post I suggest you start with less volatile pairs to gain experience. EURUSD, USDCHF, AUDUSD, AUDJPY, CADJPY, CHFJPY Less volatility, smaller stop loss required, lesser psychological stress. Learn this pairs then step up to GBP pairs and eventually the "beast" as your skill improve.
Hi Skyway,

Thank you for your advice sir. I shall switch to the pairs that you have suggested and work my way up.

Have you completed your thesis yet? Wish you all the best.

Am going to have a short nap.

Kind regards

Rajnidas
  • #497
  • Jun 21, 2019 3:54am Jun 21, 2019 3:54am
General Tips and Tricks

If you really serious about this financial trading carrier, and not just for fun and hobby, maybe you should go for International Certification. So you not waste your time and effort for nothing. There many technical analyst certification with international classification. Search for CMT - Chartered Market Technician, or IFTA with Certified Financial Technician (CFTe) and Master of Financial Technical Analysis (MFTA). or Chartered Financial Analyst (CFA), or else that reputable internationally.

So, later you could work with 'officially' formal financial institutions in your country or abroad and not just become 'forum master' with empty claim.. lol. (btw don't call me that.. please.. .please.. !!!, coz I'm not claiming anything , I'm just ordinary old guy)

By looking and learning their curriculum you will know and understand which one is the correct learning path as professional technical analyst.

Hope it helps
NIH
Dog + Smile = Beautiful Day
  • #498
  • Jun 21, 2019 4:14am Jun 21, 2019 4:14am
Week end clearing positions.. my hobby/ just for fun account this week, not so bad for ordinary old guy(without master qualification of course) trading with colorful Christmas Chart..lol

Attached Image (click to enlarge)
Click to Enlarge Name: Real Test account Trade report weekly 2019 - 6 16-21.png Size: 112 KB



Have a nice week end for all., and keep smiling..
NIH
Dog + Smile = Beautiful Day
  • #499
  • Jun 21, 2019 4:39am Jun 21, 2019 4:39am
Quoting Nih98
{quote} 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
Hi Nih
Thanks for your comments very much appreciated that goes for all your posts as well.
With my Grids (were you are) I try to set them to certain time frames I have enclosed 3 screen shots all based on 15 min charts, what I look for is if and when any grids match their different time frames (could call it OB/OS then I look to take a trade this might indicate either a pullback or a change of trend
Dave
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM15a.png Size: 176 KB
Click to Enlarge Name: GBPNZDM15b.png Size: 154 KB
Click to Enlarge Name: GBPNZDM15c.png Size: 100 KB
  • #500
  • Jun 21, 2019 6:23am Jun 21, 2019 6:23am
I already share this sweetspot indicator in R4M thread, but I will share it again here in my own journal

As we know, Chartist basic skill like the core name 'chart' or 'map' is 'area mapping.area charting'.

Grid is part of 'area mapping' and grid should always consist of 2 parts, Time range and Price Range. the range shape will be rectangles or squares and the correlation/interaction between axis will be diagonal / triangles.

GBP/NZD H1 SweetSpot Area Mapping Price Range Grid
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD H1 - SweetSpot Grid explanation.png Size: 184 KB


Let apply this SweetSpot Indicator with example setting above, the main level and sub level could be different, depend on your ADR calculation result on your broker data. Also the low price as start price. You could always adjust the colors of your main levels and sub levels to your favorites colors..

Then bring down to GBP/NZD M5 Chart to add the Time Range Grid
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 171 KB


and how to read in general..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD M5 - Time-Price Range Grid explanation.png Size: 149 KB


Hope it help and have a nice week end
NIH
Attached File(s)
File Type: ex4 ! NIH98 SweetSpot Indi.ex4   23 KB | 862 downloads
Dog + Smile = Beautiful Day
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