NIH98 Journal of Whatever | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

whatever works journal (EURUSD)... my trading story begins 33 replies

Mouteki? DeMark? Whatever! 5 replies

Whatever happened to Mouteki 0 replies

Print, comment, whatever .. need help 1 reply

Attachments: NIH98 Journal of Whatever
Exit Attachments

NIH98 Journal of Whatever

  • #601
  • Jul 23, 2019 8:12am Jul 23, 2019 8:12am
Quoting Merka
{quote} Very good. If you were 100% compounding that 5 winner in a row now you were sitting on a nice +32% reward
Hi Dave,
Just cruising your trades, very nice system and simple, plus tonight you have another successful move up for another 30 odd pips, in the last three hours on your GBPUSD pair, 15 min charts.

I have not checked every post but do you only trade GBPUSD, and only one trade a day, (depending on your available hours to trade)

I have seen some nice moves on GBPNZD as well with your simple system.

I do not have your fib ratios on my charts, just working of the reversals.

Nice work and not complicated, read somewhere on here you like a simple system, and it is working well from my observations.

Good luck and may it continue.

Kind regards
Ben
  • #602
  • Jul 23, 2019 8:58am Jul 23, 2019 8:58am
Quoting btrfx1
{quote} Hi Dave, Just cruising your trades, very nice system and simple, plus tonight you have another successful move up for another 30 odd pips, in the last three hours on your GBPUSD pair, 15 min charts. I have not checked every post but do you only trade GBPUSD, and only one trade a day, (depending on your available hours to trade) I have seen some nice moves on GBPNZD as well with your simple system. I do not have your fib ratios on my charts, just working of the reversals. Nice work and not complicated, read somewhere on here you like a simple...
Hi Ben
Thanks for the interest, As I am in the Uk I trade mostly the Gbp and Eur Pairs as long as they have a decent Daily range, so yes I do trade other pairs but my fav is G.U
I only take 1 Buy and/or 1 sell per day as I think it helps prevent the odd no were day .
I use Nih98 (Open Price Pct Range Mapping Indicator) you will find the link a few posts back.
You are correct it is a very very simple way of trading BUT you must run a good money-management method along side it, very simple to back check any pair to spot the best ones that play the game
Hope that helps
Dave
  • #603
  • Edited 5:01pm Jul 23, 2019 4:27pm | Edited 5:01pm
Does anybody knows why "NIH98 open price pct range mapping indi" indicator disappears from chart when a new day start (around 00:00 broker time)?
It's 2 days in a raw I can observe this behavior
After 1 hour or so it will return to appear on chart.
  • #604
  • Jul 23, 2019 4:35pm Jul 23, 2019 4:35pm
Quoting Merka
Does anybody knows why "NIH98 open price pct range mapping indi" indicator disappears from chart when a new day start (around 00:00 broker time)? It's 2 days in a raw I can observe this behavior After 1 hour or so it will return to appear on chart.
Merka
I just refresh the chart ?
Dave
  • #605
  • Jul 23, 2019 5:04pm Jul 23, 2019 5:04pm
Quoting OAPDave
{quote} Merka I just refresh the chart ? Dave
That trick does not work unfortunately.
It just appeared back right now (exactly 1 hour later).
Really strange. Will monitor also tomorrow.

Thanks
  • #606
  • Jul 23, 2019 5:14pm Jul 23, 2019 5:14pm
Quoting Merka
{quote} That trick does not work unfortunately. It just appeared back right now (exactly 1 hour later). Really strange. Will monitor also tomorrow. Thanks
Have you got the Hour shift (based on GMT 0) in the indicator settings ?
  • #607
  • Jul 23, 2019 5:22pm Jul 23, 2019 5:22pm
Quoting OAPDave
{quote} Have you got the Hour shift (based on GMT 0) in the indicator settings ?
No
But I checked indicator new day start exactly as my broker new day server time so it should be no need to adjust time shift.
Maybe I'm wrong
  • #608
  • Jul 24, 2019 2:41am Jul 24, 2019 2:41am
Quoting Merka
{quote} No But I checked indicator new day start exactly as my broker new day server time so it should be no need to adjust time shift. Maybe I'm wrong
Merka
Think it's all good if it opens on a New Day (UK) but I still have to refresh the charts
Dave
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15a.png Size: 98 KB
  • #609
  • Jul 24, 2019 4:40am Jul 24, 2019 4:40am
Quoting Merka
{quote} No But I checked indicator new day start exactly as my broker new day server time so it should be no need to adjust time shift. Maybe I'm wrong
Merka
Think that makes 6 winners on the trot now, not bad for a very very simple method, ( just using the Daily Open )
Dave
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15a.png Size: 119 KB
  • #610
  • Jul 24, 2019 5:22am Jul 24, 2019 5:22am
Quoting OAPDave
{quote} Merka Think that makes 6 winners on the trot now, not bad for a very very simple method, ( just using the Daily Open ) Dave {image}
Hi OAPDave,

Thanks for sharing your strategy here !

I have a question regards on how do you manage a trade like the first one on this image 'first on the left). Prices went below 0,125 and reverse toward 0.375 after. So normally you would have a sell orde rtrigerred right ?

Thanks for your help and time
Regards
  • #611
  • Jul 24, 2019 5:58am Jul 24, 2019 5:58am
Quoting centuripe
{quote} Hi OAPDave, Thanks for sharing your strategy here ! I have a question regards on how do you manage a trade like the first one on this image 'first on the left). Prices went below 0,125 and reverse toward 0.375 after. So normally you would have a sell orde rtrigerred right ? Thanks for your help and time Regards
Hi centuripe
Thanks for you question, I have 2 accounts, I call one my Buy account and I call 1 my Sell account.
I attach a Martingale to each account with a 1 1 3 5 8 increase
So I took the Sell with 1 unit and it lost so I park that loss and got taken into the Buy with a 1 unit which won
Now when I get a Sell I will enter again with 1 unit and if I hit target that will square my Sell account up again, if it fails I will enter again with 3 units, just remember that if my Sells fail, hopefully my Buys will be winning.
So if you think about it, with good money- management what would have to happen to wipe your account out
I only trade either 1 Buy and or 1 Sell per day to help avoid a tight range no were day
Hope that helps
Dave
  • #612
  • Jul 24, 2019 6:08am Jul 24, 2019 6:08am
Just an observation ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 101 KB
  • #613
  • Jul 24, 2019 6:21am Jul 24, 2019 6:21am
[quote=OAPDave;12400204]{quote} Merka Think that makes 6 winners on the trot now, not bad for a very very simple method,

Hi Dave,

Thanks for the reply, I have not run with those specific fib ratios yet, I will study them and see what develops.

We had a day out today and just got home to see No 7 just completed for you---are you available to trade any part of the UK day, or restricted to specific times to trade.

OK I am going to check my charts an look forward to a new day tomorrow. Hope you continue to make nice trades.

Kind regards
Ben
  • #614
  • Edited 7:30am Jul 24, 2019 7:07am | Edited 7:30am
[quote=btrfx1;12400490]
Quoting OAPDave
{quote} Merka Think that makes 6 winners on the trot now, not bad for a very very simple method, Hi Dave, Thanks for the reply, I have not run with those specific fib ratios yet, I will study them and see what develops. We had a day out today and just got home to see No 7 just completed for you---are you available to trade any part of the UK day, or restricted to specific times to trade. OK I am going to check my charts an look forward to a new day tomorrow. Hope you continue to make nice trades. Kind regards Ben
Ben
I use the Uk Open Price only, and in the GU case I have a 31 pip fixed Risk, these levels appear at the start of a new day by means of the indicator mentioned.
I can either wait for midnight Uk time and then place OCO Orders and then go to bed or get up in time to see the London Open and them manual trade the levels
This method give's fixed risk rewards so you are always in control of your account, once you find good pairs you have nothing else to think about, no mubo jumbo
names for levels no need for fancy EA's , just get your money-management sorted and stick to it and not be greedy
Hope that helps
Dave
ps
What Range have we done today, how much do you expect to make before being called greedy ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15b.png Size: 93 KB
  • #615
  • Jul 24, 2019 8:05am Jul 24, 2019 8:05am
Quoting OAPDave
Quoting btrfx1
{quote} Ben I use the Uk Open Price only, and in the GU case I have a 31 pip fixed Risk, these levels appear at the start of a new day by means of the indicator mentioned. I can either wait for midnight Uk time and then place OCO Orders and then go to bed or get up in time to see the London Open and them manual trade the levels This method give's fixed risk rewards so you are always in control of your account, once you find good pairs you have nothing else to think about, no mubo jumbo names for levels no need for fancy EA's
...
Just caught up with all the threads. Dave, found your set ups interesting. Works well on the GU. I have attached it to the DAX/GER30 chart (my favourite instrument to trade with Median Renko charts. Start time London Open. The DAX can be very volatile and move strongly for good runs. The Summer holidays have slowed it a bit but the 5 Day ADR is still at 160 pips, so some good trades. letting the position 'run' or extending the TP can be rewarding. My chart looks busy zoomed in...I have attached the Fib tool to show the R/R at different TP levels. Yesterdys trade was Rewards:Risk of 4:1. Possible use of a TS would have given that result with a fixed TP of TP4 level.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX Nih indi.jpg Size: 366 KB
  • #616
  • Jul 24, 2019 8:19am Jul 24, 2019 8:19am
Quoting grenell
{quote}{quote} Just caught up with all the threads. Dave, found your set ups interesting. Works well on the GU. I have attached it to the DAX/GER30 chart (my favourite instrument to trade with Median Renko charts. Start time London Open. The DAX can be very volatile and move strongly for good runs. The Summer holidays have slowed it a bit but the 5 Day ADR is still at 160 pips, so some good trades. letting the position 'run' or extending the TP can be rewarding. My chart looks busy zoomed in...I have attached the Fib tool to show the R/R at different...
Hi grenell
Thanks for your interest and charts, yes from time to time I do run them but I wanted to show a fixed risk reward method, did not want to show how to trail stops or indeed trade other levels as you have shown very well indeed, glad you have expanded the method a little as I had a fear no one would be interested, as trading a very simple breakout method would destroy there street cred
Thanks a lot, a few more posts would be great
Dave
  • #617
  • Jul 24, 2019 9:46am Jul 24, 2019 9:46am
Quoting grenell
{quote}{quote} Just caught up with all the threads. Dave, found your set ups interesting. Works well on the GU. I have attached it to the DAX/GER30 chart (my favourite instrument to trade with Median Renko charts. Start time London Open. The DAX can be very volatile and move strongly for good runs. The Summer holidays have slowed it a bit but the 5 Day ADR is still at 160 pips, so some good trades. letting the position 'run' or extending the TP can be rewarding. My chart looks busy zoomed in...I have attached the Fib tool to show the R/R at different...
Hi Grenell,

Thanks for the post. I noticed on your chart , that you used the Quarter theory range tool and it looks good for plotting SL/TP and money management levels.

Thanks too to Dave for highlighting this simple and profitable trading strategy.

Ferdinando
  • #618
  • Jul 24, 2019 9:57am Jul 24, 2019 9:57am
Quoting ferdinando
{quote} Hi Grenell, Thanks for the post. I noticed on your chart , that you used the Quarter theory range tool and it looks good for plotting SL/TP and money management levels. Thanks too to Dave for highlighting this simple and profitable trading strategy. Ferdinando
Hi Ferdinando
Thanks for the interest and post, please keep them coming
Dave
  • #619
  • Jul 24, 2019 9:01pm Jul 24, 2019 9:01pm
GU Tokyo Open (TO), set the indicator for TO. PO Long and Short set with SL and TP. See how the trade goes today. GBP should be intersting with a new Prime Minister and the BREXIT on offer.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 25 July.jpg Size: 247 KB
  • #620
  • Jul 25, 2019 12:17am Jul 25, 2019 12:17am
.UPDATE..GU ranging, no direction yet. Using MADash for any clues...had to include one currency to stop the MADash from continually posting MADash incorrect start position for ArraySort function in the Experts Tab (happens when you turn off PAIR SELECTION for each pair...just leave one open to stop it-see post 2830from MADdash forum). Looks like everyone having a breather after Boris got the Job. RED news tonight might get it moving.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 25 July 1.jpg Size: 120 KB
0 traders viewing now