Guys,
Thanks for holding the fort while I am away with real job. Been very busy last couple of weeks, and will still be for the next few weeks.
Got some time catching up on reading, as today is a holiday from where I am. Very interesting addition there, NiceGuy, and I wouldnt mind if you can start your own thread, and post the link here.
I also updated Post#1 with the THV coral as provided by maxwell-eqtn.
Thanks for holding the fort while I am away with real job. Been very busy last couple of weeks, and will still be for the next few weeks.
Got some time catching up on reading, as today is a holiday from where I am. Very interesting addition there, NiceGuy, and I wouldnt mind if you can start your own thread, and post the link here.
I also updated Post#1 with the THV coral as provided by maxwell-eqtn.
- #623
- Edited 10:48pm Aug 18, 2010 10:15pm | Edited 10:48pm
Guys,
Thanks for holding the fort while I am away with real job. Been very busy last couple of weeks, and will still be for the next few weeks.
Got some time catching up on reading, as today is a holiday from where I am. Very interesting addition there, NiceGuy, and I wouldnt mind if you can start your own thread, and post the link here.
I also updated Post#1 with the THV coral as provided by maxwell-eqtn.
Glad you are not forgeting your way home to this thread...
Another 40 Pips winner with only 10 pips SL for me!
This is what I call Niceguy style of tradng...
Risk ridiculously small to win Ridiculously Big!
Now I am at + 220 pips Up.
You can see clearly where I put my stop loss.
To any of you who just enter this FX business, please..I mean...Please... keep in mind that you dont have to trade everytime you open MT4 and you definitely do not have to trade everyday.
Trade only when you see a big opportunity to make money without exposing your account into a risk you can not stomach to lose. This is a business, we should pay attention.
NG
- #625
- Edited 11:25pm Aug 18, 2010 11:13pm | Edited 11:25pm
Hi NG,
What's the yellow MA's value, right below the THV Coral?
Hope I can absorb as much as I can today. Nice trading, NiceGuy! Because of limited time, I would like to demo GJ for its high volatility.
Your guidance is highly appreciated.
Hi IamNoeL!
The MA is 240 LW, Close.
If you wanna trade GJ, your best bet would be when GU and UJ is moving to the same direction. The easiest way to see that they are lining up is to look for the time when GU and UJ is coming out from overbought or oversold area at the same time in higher TF. If this happen, GJ is capable to give you 50 pips jump in one candle.
You might need some kind of MTF Stoch that has an alert. This way you will have a strong trade, because you have higher TF confirmation and also 2 Major pairs confirmation at the same time. Close your trade when these 2 is split up.
I dont trade GJ oftenly... My broker spread is killing me.
Yes, the Arrow is Appearing when a candle closed. I just found out recently that we can set this option to false in the MTF indi so the arrow will appear right on cross. But this way.. we will get too many arrow scattering in our chart making a real headache.....
NG
- #627
- Edited 1:06am Aug 19, 2010 12:18am | Edited 1:06am
MTF Stoch. Sorry, not too techie, if ever I found it, how does it work?
Sample scenario:
I want to trade GY 15M
I need to open UJ and GU H1, with the MTF Stoch on it? Then if both are is overbought level, I open a SELL on GY? Of course, using our PMforex System signals as well.
What does the 240MA do, if I may ask please?
Thanks!
The easiest way to catch up what you missed would be to open a demo account with USD 350 only. After the spreads you will have about 10 entry with 30 SL for 0.1 lots. Always aim for 60-75 TP. (Remember that you need to maintain relatively bigger SL for GJ.)
Now, Take the first arrow signal you see from the MTF after london open . Do it everyday dan do not enter anything else. Enter it and forget it. Comeback tomorrow. You will see some repaints and you will have your loses but I think you will be surprise with result and how long your USD 350 will last.
I've been doing this myself, (but since I have more time to stay on screen I took signal from various time in order to get a less risk)...
Starting with USD 300 live account.... Now I am only USD 80 away to double it in less than 2 weeks.
Please try...
NG
- #629
- Aug 19, 2010 2:30am Aug 19, 2010 2:30am
- | Joined Jul 2010 | Status: Trader | 1,319 Posts
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
- #632
- Edited 7:21am Aug 19, 2010 7:06am | Edited 7:21am
Hi again, got few questions to cheer up for readers:
1)You enter your position right after the 15min candle closed below the coral?
2)For stop lost, how many pips above the previous candle you recommend, which is relatively small, to get a better risk-reward ratio.
3)Does the color of the coral matters during entering a short position or a long position?
4)What is the name of your trailingstop EA?
Thank you very much.
Have a nice trade.
Regards
Chrisyeap
1. Yes...My entry usually right after the 15min candle closed below/above the coral. But sometimes sooner, it really depends on the arrow and the whole Price action movement and other Pairs movement told me. We still have to use our common sense and judgement before we place the entry. I am not always win you know....
2. It really depends on how much you are willing to take as a loss. Let's say you have very limited funds like USD 400 and you want to risk 5% of it for every trade. So entering with 0.1 lots, your maximum sL should be at 20 pips.
So basicly what I do when I see an arrow is coming up above/below a candle, I measure the candle itself. If the candle is more than 20 pips I would stay away. It's simply because my MM can not afford the deal. You dont have to trade everytime you see an opprotunity you know, you just have to enter only when you can afford that deal.
If the arrowed candle is smaller than the Maximum SL my MM suggesting I would put the SL at H/L of that candle or as far away my MM can afford
. Please check my 2 latest trade where I risk only 17 pips in total to earn total 63 Pips. This is a very good deal! I waited for this deal to appear. And only enter when I see one. That's why I dont trade too often. More than 2 times I am experimenting to rush in for a deal. I Know the candle is way bigger, but I forced my way in. This is where I lost the deal. Cost me about 80 pips drawdown so far. Why this is happenede? It's simply because the SL is not placed in the proper position. I can not afford the proper SL.
If you can afford more SL, best place for SL should be the latest High and Low based on fractal. You wont lose too many, but pls make sure you can afford when the loss is happen first before you enter.
The key answer to this is to ONLY ENTER THE TRADE YOUR MM CAN AFFORD. So the SL could be placed in a decent place. This whole thing is a business, we should pay attention to this kind of thing.
3. Honestly I never pay attention to its color.
. I enter where the arrow showed me. As long as I see a small candle is crossing or near the coral mostly I am in. Still we have to use our observation and judgement in this.4. I got the TrailingStopFrCnSAR EA from free section here: http://translate.google.com/translat...on.narod.ru%2F
The EA can trail your order based on candle or fractals. Many times this EA prevent me to achieve the targeted profit. So be wise when using it.
How's that sound? Am I making myself clear?
NG
NOTE: Plaese keep remember th NIceguy style to stay ridiculuous. Risk ridiculously small and win ridiculuously big. Your win should be at least 2x your SL so you can make money even if you lose 60% of time. "Good trader is not a trader who make more winning, but a trader who keep on losing but somehow still make money". My fellow trader once told me this.
Hi guys!
Got more than 5 people PM me today... They suggesting me to start a new thread for my method with clearer explaination. (I wonder how am I supposed to be more clearer with all of those charts lying around this thread? Aren't they clear enough already?
Somehow they think I give an edge to the THV and PM forex strategies at the same time with my approach.
Maintain a thread....hmm, now that's sounds a bit too much for me... but if you guys think my method can make you more profit... (or at least can make you lose...
I think a new thread makes sense.......see what develops.
It seems you have really settled into this set up, which is great.
I know that many people are appreciative of your posts.
The only "work" that you would need to do, is to write up the method, post the indicators.....and then just continue on what you are doing.
I hope you do.
In life, making a difference can be very fulfilling......I think you are making a difference for a number of people.
Best wishes
PGPB
NiceGuy.....the thread has evolved off of what iamnoel started.....and you are the leading contributor (many thanks)
I think a new thread makes sense.......see what develops.
It seems you have really settled into this set up, which is great.
I know that many people are appreciative of your posts.
The only "work" that you would need to do, is to write up the method, post the indicators.....and then just continue on what you are doing.
I hope you do.
In life, making a difference can be very fulfilling......I think you are making a difference...
Thank you guys for all the support. I will give "starting a new thread" more serious thought. I still have to trade you know.... I need the money...
NG
Now.... that's really sounds like a hard work...
Thank you guys for all the support. I will give "starting a new thread" more serious thought. I still have to trade you know.... I need the money...
NG
Surprisingly, you'll never notice it. PLUS, I am sure, you'll get a lot of help from the same group of traders who appreciate your effort!
Go for it, man!!!
Hi Guys...
Just scored 20 pips with GU.
I aimed for 40... but got chikened out with incoming news in few minutes...
This is where I use a common sense to justify my entry.
I am not entering right away when a new candle open, I waited few minutes to let it pass a strong barier in front.....
GU M15
I am up +60 pips today and total +240 pips, only 60 pips away to double my tiny account...
NG
Just scored 20 pips with GU.
I aimed for 40... but got chikened out with incoming news in few minutes...
This is where I use a common sense to justify my entry.
I am not entering right away when a new candle open, I waited few minutes to let it pass a strong barier in front.....
GU M15
I am up +60 pips today and total +240 pips, only 60 pips away to double my tiny account...
NG
- #638
- Aug 19, 2010 1:56pm Aug 19, 2010 1:56pm
I am up +60 pips today and total +240 pips, only 60 pips away to double my tiny account...
NG
Of course, maintaining your own thread is a pretty big job, but I'm sure it would help you to refine your system.
thanks i've tried this, i ve noticed nonlagmas set 84 seems to detect earlier major reversal mouvement than coral does
strategy would be waiting for cross nonlag 84 and coral line and to get secur trade
what do u think ?
Hi sir......i,agreed with you.....in past week till now,i'll still use the NLMA 21 and 84 in Time Frame M 30...and it's VERY-VERY GIVE ME A COIN
with DEMO or my REAL account....Thank's and Credit to the owner this system,Sir IAMNOEL.....i'm sure the NLMA 21 and 84 STILL VALID not only for today or "tomorrow never die"(hehehehehe) but TILL THE END OF THE WORLD......how about we "BrandNew" THIS SYSTEM.....i mean,we can combine ANOTHER indi's or system BUT we MUST KEEP IT THE ORIGINAL SYSTEM.....i try combined this system with EMA 50.....open 2 chart....ONE chart,we use this system NLMA 21 and 84 with Time Frame 30 + SnR and the other chart,we use 3 EMA 50...1 high,1 close and 1 low with Time Frame H1 or H4.....now,i use 3 pair....GBPUSD and EURUSD (this two pair,give@show me the money to my account
...if you want to BUY GBPUSD pair,you also must BUY EURUSD pair too and so on).....USDJPY,i'ts new i'll try because this spread was 2 like EURUSD pair with my broker ikofx.....and other pair with low spread,are on the way i will try......How about your oppinion or suggestion SIR BLEUTNEUT and SIR IAMNOEL also SIR NICE GUY and the others member here???
