Nihilist Forex Indicators | Page 202 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Nihilist HolyGrail" EA 30 replies

Custom Indicators vs. Technical Indicators 6 replies

Nihilist trading 26 replies

Lagging Indicators -vs- Leading Indicators 48 replies

Attachments: Nihilist Forex Indicators
Exit Attachments

Nihilist Forex Indicators

  • #4,021
  • Sep 10, 2014 12:30pm Sep 10, 2014 12:30pm
Quoting forexday
Just took a trade on USDCAD, looks good to me. What do you you guys think? {image}
If to take into account the basic rules then current TF ADX is very much against the trade. Even three lime boxes.
  • #4,022
  • Sep 10, 2014 12:30pm Sep 10, 2014 12:30pm
The above is really all I do. The way to get the big RR trades is simply catch the 4hr 2-3 hours ealier using the 1hr. There will be more losing trades as you can use a tighter s/l, but if/when the 4hr close confirms, you can then use t/p based on 4 hr chart. So you have a 1hr s/l, with a 4 hr t/p. As an example my EURAUD short at 11am, I used a very tight s/l (20). I set t/p at next zone on 1hr. Had this confirmed on the 4hr at 20:00, I would have move my t/p to next 4 hr zone, which is 140 pips more. If it confirms 4 hours from now, I will do that. That will make it a 9.5:1 trade. 20 pips, actually it is freebie now, to get 190. If it doesn't confirm on 4 hr, I either be or make original 50. I use all the rules, I'm just a lot more aggressive. Small losses, big wins.
  • #4,023
  • Sep 10, 2014 12:38pm Sep 10, 2014 12:38pm
Closed EUR/NZD long from yesterday at +48, gave back 96 from its high earlier. Last 4 hr close giving opposite signal. Actually, that trade is from 2 days ago.
  • #4,024
  • Sep 10, 2014 1:15pm Sep 10, 2014 1:15pm
Today's GBPJPY finally gave result.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-admiral-markets-as-2.png Size: 62 KB
  • #4,025
  • Sep 10, 2014 1:16pm Sep 10, 2014 1:16pm
Saw the UT GBPUSD long on 4hr at 20:00, didn't take it. Would be +60ish already. damn
  • #4,026
  • Sep 10, 2014 1:17pm Sep 10, 2014 1:17pm
Quoting Indrek
Today's GBPJPY finally gave result. {image}
Nice
  • #4,027
  • Sep 10, 2014 1:20pm Sep 10, 2014 1:20pm
Quoting Indrek
{quote} If to take into account the basic rules then current TF ADX is very much against the trade. Even three lime boxes.
Thank you Indrek for pointing that out.
I did not take into account the ADX Dash. Will pay attention to it after this.
Thanks mate.
  • #4,028
  • Sep 10, 2014 1:28pm Sep 10, 2014 1:28pm
Quoting forexday
{quote} Thank you Indrek for pointing that out. I did not take into account the ADX Dash. Will pay attention to it after this. Thanks mate.
In fact, the trade looks quite ok so far. I hope that you win it no matter that the entry was a bit lottery.
  • #4,029
  • Sep 10, 2014 1:31pm Sep 10, 2014 1:31pm
Regarding the ADX, and this is just my opinion, since the lower TF drive the higher, I am seeing UT and filters giving signal and if you drop down a timeframe and adx is in your favor, trade should be good. Example if you have a UT trade on H4, look at H! ADX, if on H1, look at M30 ADX. Any feedback.
  • #4,030
  • Sep 10, 2014 1:42pm Sep 10, 2014 1:42pm
Quoting Profit Daily
Regarding the ADX, and this is just my opinion, since the lower TF drive the higher, I am seeing UT and filters giving signal and if you drop down a timeframe and adx is in your favor, trade should be good. Example if you have a UT trade on H4, look at H! ADX, if on H1, look at M30 ADX. Any feedback.
My approach is different and I have explained it before. I trade every TF strictly alone without paying any attention to others. When entering a trade on H4 chart, I know that it might stay open for even a week. So, what lower TF exactly do at the very moment of entry cannot be relevant because the situation will anyway change tens or hundreds of times during my trade.
My trading is very mechanical and I do not analyze much. 10 minutes per every 4 hours is my basic chart time.
  • #4,031
  • Sep 10, 2014 2:05pm Sep 10, 2014 2:05pm
Quoting Indrek
{quote} If to take into account the basic rules then current TF ADX is very much against the trade. Even three lime boxes.
Which boxes are u refering to ? ADX dashboard holygrail or magic ?
  • #4,032
  • Sep 10, 2014 2:09pm Sep 10, 2014 2:09pm
Quoting Indrek
{quote} In fact, the trade looks quite ok so far. I hope that you win it no matter that the entry was a bit lottery.
closed out at +15pips
  • #4,033
  • Sep 10, 2014 2:11pm Sep 10, 2014 2:11pm
Quoting forexday
{quote} closed out at +15pips

Just curious, why would you close it. Magic current bar is red and climbing 2 of the adx boxes have changed color in current candle from last. Looks like trade is gathering some momentum to me.
  • #4,034
  • Sep 10, 2014 2:20pm Sep 10, 2014 2:20pm
Quoting jasonhaw
{quote} Which boxes are u refering to ? ADX dashboard holygrail or magic ?
ADX boxes of current TF (H4). HG and Magic have nothing to do with ADX.
  • #4,035
  • Sep 10, 2014 2:32pm Sep 10, 2014 2:32pm
Thank you, u made the answer clearer, green pips to you.
  • #4,036
  • Sep 10, 2014 2:49pm Sep 10, 2014 2:49pm
What are your thoughts on a daily set-and-forget system that combines small profits with small risk but possible relatively bigger losses?

First of all I must say it is really fun to use the nihilist tools in the forex puzzle.

I had an idea... Why not combine the clarity of nihilist indicators, combined with the depth of alien, confirmed with price-action movement?
Then most likely a clear signal emerges for the market direction, which makes grabbing a few pips each day more consistent.
Daily timeframe is what I look for, because due to my occupation I am not able to manage my trades during office hours.

I am working on a system, currently in forward testing mode with microlots. Average DD turns out to be around 30 pips and take profit is 10 pips.

If this is the place to elaborate on my work-in-progress, I would gladly post some screenshots and my buy/sell signals. I would not want to hijack this thread but since it is based mainly on nihilist indicators I reckon this is my first stop.

Thanks again for your help in my daily puzzle.
Being good at what you do is a result of having fun
  • #4,037
  • Sep 10, 2014 3:02pm Sep 10, 2014 3:02pm
Quoting Egosuma
What are your thoughts on a daily set-and-forget system that combines small profits with small risk but possible relatively bigger losses? First of all I must say it is really fun to use the nihilist tools in the forex puzzle. I had an idea... Why not combine the clarity of nihilist indicators, combined with the depth of alien, confirmed with price-action movement? Then most likely a clear signal emerges for the market direction, which makes grabbing a few pips each day more consistent. Daily timeframe is what I look for, because due to my occupation...

You want the opposite: drawdown of 10 to get 30. The way your are presenting it, you need a 75% win rate to break even. If you are trading daily charts, your TP should be atleast 150 pips on most pairs, if you use a 75 pip SL, even a 35% win rate makes money.
  • #4,038
  • Sep 10, 2014 3:04pm Sep 10, 2014 3:04pm
Quoting Profit Daily
{quote} Just curious, why would you close it. Magic current bar is red and climbing 2 of the adx boxes have changed color in current candle from last. Looks like trade is gathering some momentum to me.
Got a bit nervous as the cols in the ADX Box was not matching my indies at the time. Still at a learning stage Profit Daily but thanks for all your input and also thanks to Indrek.
  • #4,039
  • Sep 10, 2014 3:05pm Sep 10, 2014 3:05pm
Quoting Egosuma
Average DD turns out to be around 30 pips and take profit is 10 pips.
Such RR is not serious and such trading is not sustainable. Why not using the same system on daily TF? It works brilliantly, and you can easily go for 200-400 pip per trade with 100-200 pip SL.
  • #4,040
  • Sep 10, 2014 3:08pm Sep 10, 2014 3:08pm
Quoting forexday
{quote} Got a bit nervous as the cols in the ADX Box was not matching my indies at the time. Still at a learning stage Profit Daily but thanks for all your input and also thanks to Indrek.
When I appear to be in a suspicious trade for some reason, I prefer to set BE early instead of closing manually at small pips. On H4 chart 15 pip profit is almost same result as 0. So, better to set BE and see if it goes to full profit or not. By closing a trade you cannot win the trade

EDIT: When I say 'win' then I mean taking full profit out of a trade. If trade has been closed manually at random place, it is not win even if some profit has been taken. Just my maximalist approach
But even without maximalism - our long term result depends on risk-reward ratio, which depends on how many full wins we have against full losses.
2 traders viewing now