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Nihilist Forex Indicators

  • #3,421
  • Aug 24, 2014 8:50am Aug 24, 2014 8:50am
Quoting civilpes2001
{quote} Hey Helee, Do you have the same indicator with weekly range marker than the daily one. It would be greatly helpful if you have it. otherwise could you please post mq4 version of the same file (the present file- daily marker one). Thanks in advance civilpes2001

Hi,

No, i am sorry, this its the only one i have.. no mq4.

Thx
  • #3,422
  • Edited 9:31am Aug 24, 2014 9:12am | Edited 9:31am
Quoting Indrek
{quote} I handle all trades same way, and my main rule is: no manual close. I NEVER watch my trades, so I do not care much about what happens meanwhile. I check my charts once after every 4 hours and, if needed, move my SL to BE or later to some next level (e.g. Kijun). One of the main ideas of trading higher TF is to be free from chart watching. If you start watching and analyzing the trades then you basically violate the idea and have no normal life as advantage. The result in trading is measured longer term. One trade is just one trade, a tool...
=======
yeah u R 110% Right , im sick + tired babySittin my trades + spendin so Much time on fking fx thats 4sure
this addiction ist more Bad then heroin etc2 = my pretty Wife in bed[sundayMornin] in Very much HEAT & silly
me here typin Away his fking nonsense
  • #3,423
  • Edited 11:29am Aug 24, 2014 10:06am | Edited 11:29am
Quoting pips777
{quote} ======= yeah u R 110% Right , im sick + tired babySittin my trades + spendin so Much time on fking fx thats 4sure this addiction ist more Bad then heroin etc2 = my pretty Wife in bed[sundayMornin] in Very much HEAT & silly me here typin Away his fking nonsense
I accept this addiction is much much bad, I will try to overcome this as well, enjoy your sunday.
  • #3,424
  • Aug 24, 2014 10:51am Aug 24, 2014 10:51am
Once more: I am not saying that a trade must end with win or loss. If there is no real power then the trade ends most often with 0 result because I have moved SL to BE according to my own rules and understanding. I have explained it before, so no reason to do it again.
But the main idea is to catch best trends and to get out with BE from trades that are not moving.
  • #3,425
  • Aug 24, 2014 11:09am Aug 24, 2014 11:09am
When I'm trading any system:
Once I've entered- at the close of every bar I ask myself "would you enter the trade at this point?". If the answer is "no", I close the trade. If the answer is "yes", I stay in it for at least, another bar.
  • #3,426
  • Aug 24, 2014 11:22am Aug 24, 2014 11:22am
Quoting billbss
When I'm trading any system: Once I've entered- at the close of every bar I ask myself "would you enter the trade at this point?". If the answer is "no", I close the trade. If the answer is "yes", I stay in it for at least, another bar.
Yes, that is a totally different approach. Whatever trade I take, during first three or even four candles I do nothing about it. After that I may set SL to BE and start trailing somehow.
Set-and-forget style is best for me but people are different and no trader should copy blindly what someone else is doing. Never.
  • #3,427
  • Aug 24, 2014 11:53am Aug 24, 2014 11:53am
Wondering if you guys have a rule of thumb about when to open trades on Monday? Me personally, I don't like trading on Monday's. Just want to get the opinion of others on here.
  • #3,428
  • Aug 24, 2014 12:21pm Aug 24, 2014 12:21pm
Quoting MKFXTrader
Wondering if you guys have a rule of thumb about when to open trades on Monday? Me personally, I don't like trading on Monday's. Just want to get the opinion of others on here.
It depends. Some mondays are not too bad. But i imagine you are referring to usual boring mondays, right? In this case, i just wait,checking from time to time, and ..if an opportunity comes (even late in the noon or in the evening) i take it, otherwise,well.... i simply drink one or two coffee more in the meanwhile for not letting Morpheus prevail.
I usually do also other things while trading (trading mainly the 4h, this is very possible), so, anyway i don't take it so bad if no action in the market happens
  • #3,429
  • Aug 24, 2014 12:57pm Aug 24, 2014 12:57pm
Quoting MKFXTrader
Wondering if you guys have a rule of thumb about when to open trades on Monday? Me personally, I don't like trading on Monday's. Just want to get the opinion of others on here.
I think, Nihilist's idea is quite good to start looking for trades from third H4 candle on Monday. By then market mostly has taken some direction or at least shown the possible direction. To exclude Mondays totally is not good idea to my mind. Higher TF contain very little noise and are very safe to trade.
When trading 4-hour charts we are taking trades that last for days, so it is not a problem to enter at 'boring' time
  • #3,430
  • Aug 24, 2014 2:15pm Aug 24, 2014 2:15pm
Quoting Indrek
{quote} I think, Nihilist's idea is quite good to start looking for trades from third H4 candle on Monday. By then market mostly has taken some direction or at least shown the possible direction. To exclude Mondays totally is not good idea to my mind. Higher TF contain very little noise and are very safe to trade. When trading 4-hour charts we are taking trades that last for days, so it is not a problem to enter at 'boring' time
I never insinuated that trading Monday was boring, as my reason for not trading Mondays. In the past I have mostly traded hourly TF, and had come to the conclusion that Monday was a day without much direction, and is mostly range bound. I've been transitioning to the 4Hr charts and needed input from other experienced traders in how they normally handle Monday PA while trading the 4Hr charts. Thanks for the input Indrek. I do remember Nihilist mentioning this towards the beginning of the thread.
  • #3,431
  • Aug 25, 2014 3:36am Aug 25, 2014 3:36am
Thread has gone silent today, is it due to Monday?
  • #3,432
  • Aug 25, 2014 5:11am Aug 25, 2014 5:11am
Quoting pundit78
Thread has gone silent today, is it due to Monday?
Waiting to see how the AUDUSD develops.Some news from the US at 15:00 (GMT 0) but not too worried about it.
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  • #3,433
  • Aug 25, 2014 5:39am Aug 25, 2014 5:39am
NZDJPY looks great so far.any idea??
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  • #3,434
  • Aug 25, 2014 5:42am Aug 25, 2014 5:42am
Let me share this little discovery with you, any feedback welcome.

I was playing around with the indicators over the weekend, as you do, looking for the holy grail, lol. I added an indicator called 'Daily Open' which, as the name suggests, puts a little blue line at the daily open price. I noticed that at the London open, price frequently moves away from the daily open and often, when it tried to move towards the daily open, price stalled. Then I added the trend cycle indicator and noticed that if you have a cross at or just before the London open and it corresponds with the direction of the daily open, then you have a pretty strong indication of a move. If there is also a cross on the H4, then that is extra confirmation. I put on 4 demo trades this morning with a 20 pip TP, three have since come in (GU, UJ, EY).

Here is a screen shot with 4 trades on one pair. The maroon boxes are just showing the London trading session. The entries are yellow dotted lines.

Attached Image (click to enlarge)
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  • #3,435
  • Aug 25, 2014 6:18am Aug 25, 2014 6:18am
Hello Nihilist. Thanks for all your indicators. I have a request of you. Will it be possible for you to add Arrows to your Trend Cycle Indicator at the cross over points on the indicator or on the chart? Thanks.
  • #3,436
  • Aug 25, 2014 7:20am Aug 25, 2014 7:20am
Quoting Moonie
Let me share this little discovery with you, any feedback welcome. I was playing around with the indicators over the weekend, as you do, looking for the holy grail, lol. I added an indicator called 'Daily Open' which, as the name suggests, puts a little blue line at the daily open price. I noticed that at the London open, price frequently moves away from the daily open and often, when it tried to move towards the daily open, price stalled. Then I added the trend cycle indicator and noticed that if you have a cross at or just before the London open...
Hi Moonie, actually I was doing the same type exercise on EU EJ and GU.. and notice that this works best on GU, but instead of the Day Open, I used the Asian\Syd channel.
  • #3,437
  • Aug 25, 2014 7:47am Aug 25, 2014 7:47am
Quoting Helee
{quote} Hi Moonie, actually I was doing the same type exercise on EU EJ and GU.. and notice that this works best on GU, but instead of the Day Open, I used the Asian\Syd channel.
Yes, that seems to work too Helee. If I could scrape 20 pips from 4 pairs each morning, that would be a good start.

Lets see how it works out. Good luck.

Moonie.
  • #3,438
  • Aug 25, 2014 10:35am Aug 25, 2014 10:35am
Quoting Moonie
Let me share this little discovery with you, any feedback welcome. I was playing around with the indicators over the weekend, as you do, looking for the holy grail, lol. I added an indicator called 'Daily Open' which, as the name suggests, puts a little blue line at the daily open price. I noticed that at the London open, price frequently moves away from the daily open and often, when it tried to move towards the daily open, price stalled. Then I added the trend cycle indicator and noticed that if you have a cross at or just before the London open...
=======
did u try this also on us open ?
  • #3,439
  • Aug 25, 2014 12:23pm Aug 25, 2014 12:23pm
Quoting pips777
{quote} ======= did u try this also on us open ?
I'd take a continuation bounce on the trend cycle or even a reversal from a bad London trade . I'll keep my eye open this week pips.
  • #3,440
  • Aug 25, 2014 1:05pm Aug 25, 2014 1:05pm
Hello

i'm looking for this indicator .could someone upload for me

Thanks
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