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Nihilist Forex Indicators

  • #2,461
  • Aug 5, 2014 1:00am Aug 5, 2014 1:00am
Quoting shaan81222
Hi , Is it the right time to enter the trade? {image}
It looks ok
  • #2,462
  • Aug 5, 2014 3:37am Aug 5, 2014 3:37am
You can use CSM for finding the pair to trade, look below (This is not trade recommendation)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CSMH4.png Size: 26 KB
Click to Enlarge Name: EURAUDH4.png Size: 18 KB
Click to Enlarge Name: EURNZDH4.png Size: 18 KB
Click to Enlarge Name: AUDUSDH4.png Size: 19 KB
Click to Enlarge Name: NZDUSDH4.png Size: 17 KB
Click to Enlarge Name: GBPCADH4.png Size: 18 KB
Click to Enlarge Name: GBPCHFH4.png Size: 19 KB
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,463
  • Aug 5, 2014 3:48am Aug 5, 2014 3:48am
Quoting Nihilist
You can use CSM for finding the pair to trade, look below (This is not trade recommendation) {image} {image} {image} {image} {image} {image} {image}
To find relative strength of currency pairs, the following sites may help as well:

Currency Strenth Meter:
http://www.currencynewstrading.com/3...ter-explained/

Currency Heat Map:
http://www.actionforex.com/markets/d...2009031181561/

Personally, I don't find them useful. I am a day trader based on 1H or 15M chart, and now I only trade spot Gold due to low ADR of currencies.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,464
  • Aug 5, 2014 3:56am Aug 5, 2014 3:56am
Quoting san99
{quote} Price at support and oversold doesn't necessarily mean reveal to long?
Exactlyyyy..

you might have heard ...
"Oscillators (for example, Stochs/RSI) is not simply oversold/overbought indicator, price will stay under 20 (oversold) or over 80 (overbought) ... for as long as it wants it to"
i worshipped... Momentum
  • #2,465
  • Aug 5, 2014 3:56am Aug 5, 2014 3:56am
Quoting heispark
{quote} To find relative strength of currency pairs, the following sites may help as well: Currency Strenth Meter: http://www.currencynewstrading.com/3...ter-explained/ Currency Heat Map: http://www.actionforex.com/markets/d...2009031181561/ Personally, I don't find them useful. I am a day trader based on 1H or 15M chart, and now I only trade spot Gold due to low ADR of currencies.
Don't you think that CSM is enough for currency strength?
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,466
  • Aug 5, 2014 3:57am Aug 5, 2014 3:57am
Quoting rockrobb
{quote} Exactlyyyy.. you might have heard ... "Oscillators (for example, Stochs/RSI) is not simply oversold/overbought indicator, price will stay under 20 (oversold) or over 80 (overbought) ... for as long as it wants it to"
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,467
  • Aug 5, 2014 4:00am Aug 5, 2014 4:00am
Quoting Nihilist
{quote}
still I owe u a lottt, friend...
Thanks for everything
i worshipped... Momentum
  • #2,468
  • Aug 5, 2014 4:24am Aug 5, 2014 4:24am
Hi,
Thanks Nihilist for sharing !
I'm testing it in H1 and H4 TF on several pairs.
Long on GJ.
Let's see !
Goodgame42.
Attached Image (click to enlarge)
Click to Enlarge Name: testGJ.PNG Size: 68 KB
Trade Safe !
  • #2,469
  • Aug 5, 2014 4:28am Aug 5, 2014 4:28am
Quoting Goodgame42
Hi, Thanks Nihilist for sharing ! I'm testing it in H1 and H4 TF on several pairs. Long on GJ. Let's see ! Goodgame42. {image}
Hi Goodgame, wish you good luck & green pips.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,470
  • Aug 5, 2014 4:31am Aug 5, 2014 4:31am
Quoting rockrobb
{quote} Exactlyyyy.. you might have heard ... "Oscillators (for example, Stochs/RSI) is not simply oversold/overbought indicator, price will stay under 20 (oversold) or over 80 (overbought) ... for as long as it wants it to"
Reminds me of the saying "price cannot be oversold in a downtrend or overbought in an uptrend".
  • #2,471
  • Aug 5, 2014 4:33am Aug 5, 2014 4:33am
Quoting Nihilist
{quote} Don't you think that CSM is enough for currency strength?
IMO, CSM is not even needed if one just follows the rules laid out in the first post.
  • #2,472
  • Aug 5, 2014 4:33am Aug 5, 2014 4:33am
What do you think about GOLD-
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 19 KB
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,473
  • Aug 5, 2014 4:41am Aug 5, 2014 4:41am
@FX MIG, if possible please post your details analysis about GOLD.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,474
  • Aug 5, 2014 4:59am Aug 5, 2014 4:59am
hi nihilist,
Can you please tell me which is the most safest template in all your versions?
  • #2,475
  • Aug 5, 2014 5:01am Aug 5, 2014 5:01am
Quoting shaan81222
hi nihilist, Can you please tell me which is the most safest template in all your versions?
I think last one, just add holyGrail to it.
thanks.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,476
  • Aug 5, 2014 5:03am Aug 5, 2014 5:03am
Quoting MKFXTrader
{quote} IMO, CSM is not even needed if one just follows the rules laid out in the first post.
Hello MK, I am not using CSM for entry, i use it for finding pair to trade.
thanks.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,477
  • Aug 5, 2014 5:06am Aug 5, 2014 5:06am
Thank you my bengali brother.
  • #2,478
  • Aug 5, 2014 5:08am Aug 5, 2014 5:08am
Quoting shaan81222
Thank you my bengali brother.
Welcome brother. you are from which state of India?
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,479
  • Aug 5, 2014 5:10am Aug 5, 2014 5:10am
i am maharastra nagpur got settled in chennai ..leather field been to kolkata last month.Are you from india or bangladesh?
  • #2,480
  • Aug 5, 2014 5:29am Aug 5, 2014 5:29am
Quoting shaan81222
i am maharastra nagpur got settled in chennai ..leather field been to kolkata last month.Are you from india or bangladesh?
I am from Bangladesh, I visited India several times.
Every man who thinks ahead of his time is sure to be misunderstood.
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