PM Forex Strategy

First of all, I'd like to thank all that have contributed to this thread. There's some good reading here.

Second, does anybody know how to put a nonlagMA in a separate indicator window?

Thanks

NiceGuy,

Thanks for your contribution here on this thread.

I had a few questions regarding entry:

1. Do you use the 1 2 3 set-up still or look for a trade when the NonLagMa changes color (trend direction)?

2. Have u traded this strategy in lower time frames like 1min or 5min.?

Thanks

Hello Friends ....

Even Sideways market ... It performing good ... I like it ..




Thanks a lot friends

Happy Trading
Arun...

1. I use both, but I dont follow the Indi blindly since we all know we have a repaints indi here. Look at this way, when 123 step is complete, the indi change color and at the same time price broke out latest High or Low at the same time the arrow showed up... That's where we have a powerful signal.

2. No. But I look on lower TF to find out what's going on. Many times I trigger the trades from M5 and get faster than the arrow because I can see more clearly there. Sometimes Price already run too far and the arrow is not showing up yet if we wait in m15.

I never trade with m1 chart, too much like a sport there....


NG

PS: EU M15 Now we see the PA fighting the coral to go up, let's see if the PA rejected then pulling back to complete the 123 just before london exactly like yesterday. If Yes... I am expecting a blow there but I might be wrong.... You guys know what to do if that happen. I will start drawing some trendlines now if I were you...Oh no... if coral Failed to hold it... And PA Climb straight in a single run. Expect a Sell position on Open Price Level.

Yes... Coral holds it..... Expect 123 on london... be prepared...

All good info. I myself just grab 50pip a day at .30 I too would grab only 10-20 if i was trading 1.00 a lot and for sure if I was trading 10.00 a lot.

Try this one...


Cheers !

Hi all,
I'm happy to see that this thread is still alive, so I have a little present for you.

If you don't mind to have the complete history of 4BAR_MTF_NLMA this version of Indicator show only the value of NLMA for current open Candle on Multi Time Frame.
The Time Frame to show are completely user decision, so you can choose the time frame that best adapt to your trading style.

Also you can choose to display Multi Pairs into a single chart, this option maybe it's a bit heavy, in order to have a global view of the market.

Current version doesn't display the arrows that suggest to go long or short, if you like this version of the indicator i can add this feature in future release.

So i hope that you like it and i'm waiting to know what do you think about it

gspe

Great indy... & very helpful.... Thanks a lot.

Cheers !

Yes...Thank you Gspe...
I will try the indy...

First input... Wish we can setup the color... The NLMA is Green-red, but the indy is Blue-red. To have it in the same color will help our brain tomake the decision... It's Like all green for "Buy"..... All red for "Sell".

But Thanks a lot. I really appreciated. I will study the indi.....

Many Thanks


NG

Hi,
I've added the option for arrow color choose

Fantastic!.... Many Thanks...


NG

Wow, boy oh boy was I surprised to see this thread is very alive and kicking. I was "away" due to work, and when I opened my MT4 a few days back, was frustrated that I seem to forget everything. Guess my old age moments are kicking in ...?

I am very hopeful that given enough time, I am hoping I could become a full time trader one day, using this "simple" technique!

Kung Hei Fat Choi!

Hi NG

good going... i am following... their is lot to learn from u...

Thanks alot for this indi Syahmi..does anyone know if this indicator comes in multi time frame,where as we can put it on the 15min chart but it show the one or four hour time frame?..thanks again.

This may help...

EU M15 and EU H4



See how PA is hitting coral and seem always to be rejected on first attempt. Rejection in H4, means 10 - 20 pips in M15.

If you guys realy serious in making money fro forex, you should pay attention to details like this and train your intuition.

Many will try to put a word in your head like this, " TRADE WHAT YOU SEE AND NOT WHAT YOU THINK!". Is this true? For me, This sentence is not alway correct. But it really depends on you.

If you want to trade what you see, then ask yourself ; "Am I seeing the chart corectly? Do I have the skills to see and describe the chart movement corectly? How do I trade what I see if my brain is already thinking at the exact moment my eyes see? Will I put my money on that trades?

See... For me this Trade what you see is another confusing propaganda in forex business. People thinks as a respond to what they see, hear, feel and touch. It's happen instantly in a blink of the eye. No one can stop your brain from thinking at the moment you see. Actually, It takes a brain function to see.

As I said many times before. Nothing comes easy in this job. In order to trade it the right way, you just have to train yourself to see correctly and to think correctly at the same time. If you pass these too much "SEE and THINK" your brain will record that in some sort of statistical result in our head, that's what I call Insting and skills. At that moment your brain will develop and an ability to guess correctly and make a right decision instantly. That's what we suppose to do.

It's like Van Gogh who can make a random brush play on a blank canvas instantly but still it looks beautiful. Or Madonna and Jacko who dance randomly but still looks sexy and fantastic, Or Gary Moore who can play random blues notes but still it sound amazing. That's is a skill.

So for me, Do not trade what you see or think, but train the way you see and think first then trade with the skill you earn from that training.


NG

Thanks Friend...

Happy Trading...

arun...

EU M15 After tokyo and Londong Today.



I dont know about you guys but I keep scoring pips with only 7 pips SL here. And I did not lose since the last time I said "I don't lose" in this thread.

If you keep firing on that Arrow I believe you guys also make some pips today. Well, firing a trade is easy. Finding the best exit, satisfy with your profits or taking loser is different story.

Many people ask me, what is the best exit strategy? I will say "at the exact moment you start to see something is wrong but you get greed!"

As you can see in my chart, I can easily continue my trades and earn more. And at the other hand when I see something is wrong, I also close my trades with 5 pips or even 2 pips profits. I get in fast, get out fast. I dont care about the rest. All I care the most in trading is... Protecting my Investment.

I will not gambling my small profit I can earn now with the chance to earn more in the future, especially when I see something is going wrong with my trades. The chart will continue to go up and down later and tomorrow. So the opportunity to score pips later is always wide open. Why bother taking chances?

Losing an opportunity to make money is never make you a loser.


NG

well done, Niceguy. Please keep posting your trades, we will learn more from you.

Hi...Thanks... Will do that. I love to share. Knowledge is for share.....

Btw...

Here's for today...
I shot two rounds with 7 SL and score 15 pips each for both trade... No loss since Monday last week...



Hi guys! Have you seen these movie; "Enemy at The gates (Jude Law), "Saving Private Ryan" (Tom Hanks) or "Sniper" (Tom Berrenger). Yes, not all of them is a good movie, but still I learn a lot from that movie.

(Here it comes my rambling....)

As a trader I always think of myself as an Sniper in a battlefield. Your chart is your battlefield.

What would a sniper do in battlefield inspire me so much in doing my job as a trader.

1. What would a sniper do when he first come to battelfield. He would Examine his battlefield carefully, marking enemy position and movement while not forget learning the intel from his commander

As a trader, We should examine the chart first from higher TF like Daily and down to the TF we will do our trade. We should examine our battlefield carefully .Where is the Open Price, Where's the Nearest and furthest S/R Lines, Where is the pivots. Draw some lines to mark a barrier and chart movement and not to forget to seek "the intel" data from the latest news related to finance world and Forex Business.

2. A sniper would find the best possible place to fire his shots without exposing himself too much to the battlefield. He would worry about where he would hide and where he would escape first before even thinking to fire his shots. He plan the safety of his position first before he plan his shots.

As a trader, we should plan our move. From where we should (not want) fire the trade without exposing our account too much to the market. Draw trendlines, Draf Fibs, read news, do whatever it takes. Then we make some parameter and an action related to it. It's like if the PA bounce to this, and flow this line I would nail the price here, or if the PA decide to pass that S/R I will hit them hard here because here I can use smaller SL. Something like that.

3. When a sniper plan his shot, he would look for the highest impact to the weakest part of the enemys body. He also aimed for the high rank officer not just a regular foot soldier. Because he know exactly that whenever he fire, he expose himself to the enemy. No matter what he is firing at he just have to take that risk. So he only risk himself for higher gain, higher impact and higher damage to the enemy.

He is not a machine gunner who have a box full of ammo. He only take few rounds of ammo in order to move easily and swiftly. Like a ghost. One shot one kill. High impact and very destructive to its target. Timing is everything. He waited long for his perfect shots.

As a trader, we should learn to hit the market only at the right timing. Only hit the highest probablity trade to earn money with lesser risk. Get in at the right timing and get out at the right timing. If we have to risk our money we should only take that risk for higher gain. The easiest way to describe this is to use higher TP than SL.

3. A sniper is not a death angel who never miss. Sometimes he missed his target and his position is exposed. Sometimes his position being blown out before he take the shots by undetected enemy patrol. At this moment a sniper will never risk his position longer by taking the second shot or do the panic shots. That way he put his own life in danger. He just have to relocate his posittion afeter every shot no matter he succeded or missed.

When everything is going wrong, a veteran sniper can detect that danger early. He develop a special insting to sense that something is went wrong. He is not panic because he already plan his escape route to his next firing position or a simply safe place to protect his life from the enemy.

As A trader, when market go against us, we should never be panic. That's why we should plan the risk before firing our trade. If the trades already go to our favor then go back. Get out fast from the market and protect your profits and accounts. Relocate your trades.

As a trader, we should also to plan our every trade carefully and never exposing our account to unnecessery risk by revenging the market with the second trade or a panic "click" trades as soon as our SL got hit. When the trades goes bad. Take that as a gentlemen. Be calm, be patient. Plan your next move carefully before re-entry. Take only postion where our MM can afford the required SL.


4. Sometimes sniper has to take a bullet. But if he is good in covering himself, he will never got a fatal hit i his body.

As a trader, you just have to take that losers. If you are a good trader, you know that losing is just part of the game. A good trader can cover his losers easily with a good MM and know how to recover that loser and still come up as a profitable trader by the end of the month.

5. Sniper would spend his off duty times with repairing his rifle, do target shooting to train his marksmanship and keep him sharp everytime everyhere. But a sniper also need to sleep, eat, take bath, praying to God asking mercy for his killings, make love to his wife or girlfriend, play with his kids and friends. Have some fun and enjoying life as a regular person.

As a trader we should always practicing, learning, reading to keep our skills sharp but at the same time we should also give what our body and soul needs, do the regular activity as a person who live among other people. This is good to keep the balance inside us.

You only need to trade when you need to trade, not when you want to trade. Like a sniper who kill enemy only when his job is requring him to do so. He is not just go out there killing people just because he wanted to seek entertainment..


That's what I do everyday to earn my living from trading.
So much for trading...huh...?...

Well It gets easier when you get used to do it everyday...
Trust me on this.


NG

PS: My friend came to my home today and want me join him to go out to the woods for small game Hunting. I go hunt for the rest of the morning, that's why there's a huge gap from my first and second trade.