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No nonsense Forex - VP

  • #61
  • May 8, 2020 6:52am May 8, 2020 6:52am
Quoting samuel2133
Totally useless videos. The guy's eloquent and most of the clueless (low IQ) audience that follows him is too lazy to use google to get the free trading content available all over the internet. They are waiting for that secret indicator, in order to be able, with a push of a button to make millions. In my opinion, if he charges them, they do deserve as they can't use their brain and would most likely fail as traders anyways. They would pay him for the entertainment and dopamine rush that he is providing to them. I've watched a couple of his videos...
Your analysis of VP's NNF System and his followers "clueless (low IQ) audience" is akin to Tony Blair justifying war in Iraq.
  • #62
  • May 11, 2020 5:32am May 11, 2020 5:32am
Here's a pic of what I'm currently using. And opened a thread for input. https://www.forexfactory.com/showthread.php?t=998026
Attached Image (click to enlarge)
Click to Enlarge Name: Chart 6.png Size: 88 KB
  • #63
  • May 11, 2020 6:52am May 11, 2020 6:52am
will take a look ...thanks D
  • #64
  • May 18, 2020 6:06am May 18, 2020 6:06am
Quoting buff
VP hasn't re-invented the wheel here....he is just laying out what any decent trading plan should basically look like. Well close to it anyway. His videos are very slick and professionally done, where he has gathered a huge following....albeit a little cult like at times Don't get me wrong, he has some good stuff and presents very well without telling you too much about his own trading setup (not sure why). He has that touch of arrogance that probably annoys me a little, but that might just be cultural thing. I can guarantee you that even...
Completely unrelated comment and apologies to everyone here!

Hello Jim,

i recently started forex and found your MACD and QQE trading stratagy! i had a few queries about it and wouldve loved to email you and clear them out with you! found your telstra email id back from 2004 but i hardly believe its active rn! could you kindly drop down your email? thankyou once again and apologies to everyone for taking up unnecessary space on this thread! hope you all have a good day!
  • #65
  • May 18, 2020 8:34am May 18, 2020 8:34am
Quoting diamonddbw
Here's a pic of what I'm currently using. And opened a thread for input. https://www.forexfactory.com/showthread.php?t=998026 {image}
I hope that you understand that using two similar indicators such as Absolute strength and I trend doesn't add additional value to your strategy. After all these two indicators are only ADX in disguise with minor modifications
  • #66
  • May 18, 2020 12:23pm May 18, 2020 12:23pm
Hi all

As a newbie I've recently completed VP's YouTube and blog content. I have mixed feelings about the ideas he portrays. I found the psychology and money management areas very informative. His algorithm strategy certainly complements this; the use of objective indicators and avoidance of subjective trend lines creates clear signals for entry and exit and so should help eliminate emotion based trades.

Personally I like to understand, at least to some degree, how an indicator is calculated so I am able to get an idea of what effect tweaking its settings might have, and how it may complement others. In my opinion VP seems to encourage people to test indicators and plug random numbers in to see what works in the hope of finding a combination that is a 'one size fits all' for all major and cross pairs. He and many others (on the discord) are happy with this approach and don't advocate changing tack for different currency pairs or market conditions. There is nothing wrong with this and if he is as successful as he makes out then I hope this system works for his many followers. However, to me, not taking into consideration different currency pairs and changing climates is simply missing a trick.

I can't help but feel a more open minded approach is beneficial. @butama seems to be someone who has taken the core concepts, put his own stamp on the methodology and made it more profitable, rather than being blinkered by the majority of his cult following, who shoot down anyone on the discord who suggest any deviation from the righteous path. Butama, many thanks for sharing your info on indicators and the better volume indicator link; it is much appreciated. As someone trying to get into trading, it's a breath of fresh air when anybody shares anything that can help assist my escape from my current career and make it in the trading world

Overall there is certainly some excellent information to be found on NNFX but I feel gaining a better understanding of indicators and how they're calculated is more useful to me in the long run than spending countless hours plugging random numbers into them hoping I hit the winning combination. VP tells us he's back tested around 2000 indicators and I think with a better understanding of the mechanics of each one he may have been able to bin most of them straight away, knowing he'd probably already tested an identical one. I'll be taking some key information from it but won't be relying on a solely indicator based system.
  • #67
  • May 25, 2020 2:59am May 25, 2020 2:59am
Quoting farjad
{quote} Completely unrelated comment and apologies to everyone here! Hello Jim, i recently started forex and found your MACD and QQE trading stratagy! i had a few queries about it and wouldve loved to email you and clear them out with you! found your telstra email id back from 2004 but i hardly believe its active rn! could you kindly drop down your email? thankyou once again and apologies to everyone for taking up unnecessary space on this thread! hope you all have a good day!
Mate, just Google my name and JAGfx and you will find me easily enough. Cheers.
JAGfx
  • #68
  • May 26, 2020 3:25pm May 26, 2020 3:25pm
Hi Everyone.

I'm paraphrasing what VP said in one of his videos, but if you wade through enough shit (and I've threw away the waders and bought a wet suit), eventually you find something good.

You may have already come across it, but I hadn't, so here it is.

Its MTF indicator and I never changed any settings and it seems to be really accurate on entry and exit, even on very low volume.

https://forex-station.com/viewtopic....96#p1295377496


Regards,


TradeRancher
Attached File(s)
File Type: ex4 Wave trend oscillator 1.5.ex4   69 KB | 1,061 downloads
  • #69
  • May 26, 2020 4:34pm May 26, 2020 4:34pm
Quoting TradeRancher
Hi Everyone. I'm paraphrasing what VP said in one of his videos, but if you wade through enough shit (and I've threw away the waders and bought a wet suit), eventually you find something good. You may have already come across it, but I hadn't, so here it is. Its MTF indicator and I never changed any settings and it seems to be really accurate on entry and exit, even on very low volume. https://forex-station.com/viewtopic....96#p1295377496 Regards, TradeRancher {file}
++++++++++++++++++++++++++

Thanks for sharing TR
  • #70
  • Jun 3, 2020 3:39am Jun 3, 2020 3:39am
Anyone have any good exit indicators ideas? I'm currently using the REX oscillator. Its decent but not good enough.
  • #71
  • Jun 3, 2020 11:53am Jun 3, 2020 11:53am
Hi Onepiece.

A very kind member following the NNF Strategy posted a complete working system here - https://www.forexfactory.com/showthr...12929267#reply

The exit indicator he uses is Chaikin Money Flow Indicator and it seems to be really accurate, see attached.

Regards,


TradeRancher
Attached File(s)
File Type: mq4 CMF_v1.mq4   1 KB | 1,076 downloads
  • #72
  • Jun 4, 2020 8:53am Jun 4, 2020 8:53am
Possibly the best entry signal I have ever found is Blue Digits Spike and Strike. It is a paid indi though.
  • #73
  • Jun 8, 2020 6:04am Jun 8, 2020 6:04am
Quoting TradeRancher
Hi Onepiece. A very kind member following the NNF Strategy posted a complete working system here - https://www.forexfactory.com/showthr...12929267#reply The exit indicator he uses is Chaikin Money Flow Indicator and it seems to be really accurate, see attached. Regards, TradeRancher {file}
thanks.. I'll try it... it seems that the most difficult part of the algo is the exit
  • #74
  • Jun 10, 2020 12:50pm Jun 10, 2020 12:50pm
Quoting butama
{quote} Hi TradeRancher, my algo is amended from the NNFX recommendations. I use x8 indis not x5. I manage trades my own way, not wholly in accordance with VP. It goes like this - ATR, Baselines x2, Confirmation, Secondary Confirmation x2, Volume, Ultratrend. 1) Always trade with the trend, don't worry about reversals, regardless what your confirmation indicators signal. You can do this visually. However, I use ultratrend, and, only for quick reference (see attached) 2) Better Volume (see attached) 3) From memory piece #2 is Baseline. Hull ma is...
Butama, do You use ATR also for trailing? Did we have a discussion with You in Discord?
  • #75
  • Jun 26, 2020 12:26pm Jun 26, 2020 12:26pm
Quoting butama
Here's some trading results from 17/02/2020 {image} {image}
I don't think that is a good example. You picked up those wins during the Covid panic sell/buy. It was a month of a definitive trend. You could slap on a couple of MAs and any competent trader could make a decent profit.
  • #76
  • Jun 26, 2020 12:34pm Jun 26, 2020 12:34pm
Quoting Hutch
{quote} ASH is similar to other indicators that can easily be found on the web {image}
When I watched VPs video on the ASH that is exactly how I felt.

I noticed immediately that it was very similar to the DMI part of the ADX!

The irony is the ADX is in VPs 'Dirty Dozen' video. And in that video he states not to even bother using the DMI part of the ADX. Then he offers up the ASH, which is in his top 100, that is very similar to the DMI?!
  • #77
  • Jun 29, 2020 5:39am Jun 29, 2020 5:39am
New video from VP, on banks.
Inserted Video
  • #78
  • Jun 29, 2020 4:37pm Jun 29, 2020 4:37pm
Quoting diamonddbw
New video from VP, on banks. https://www.youtube.com/watch?v=OzEZ0i2ma8A
So that video was for him to make a point?

I'm confused?

Banks and large financial institutions move the market and make up 90% of it? So why pay attention to what retail traders are doing?

VP even says at the end of the video '...do not use this (sentiment report) in your trading...'?
  • #79
  • Sep 6, 2020 9:46am Sep 6, 2020 9:46am
Quoting larmo67
Interesting guy yes. Although, I have a feeling he will soon be looking to charge people for his "algorithm" once he has enough followers who understandably can't locate these elusive indicators he keeps saying exist out there. Just like ICT swore he would NEVER charge for his teachings and then did just that. What these self-proclaimed experts don't realize is that most of us would GLADLY pay them to teach a system that REALLY works. Instead they are really just interested in monetizing a system that is way more complicated than it needs to be....
We can proove you 200% wrong. Just watch his videos, its all free.
  • #80
  • Oct 7, 2020 5:29pm Oct 7, 2020 5:29pm
Quoting chi-take
If anyone interested, go to discord forum. Here is a link. Valid next 24 hrs. Very active and positive discussions and practices going on. https://discord.gg/eaghRF
Thank you, will check it out.
"If you don't know where you're going, any road will get you there."
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