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Nihilist Forex Indicators

  • #4,381
  • Sep 17, 2014 8:44am Sep 17, 2014 8:44am
Quoting MKFXTrader
{quote} You must remember that there is no such thing as an overbought market in an uptrend, or an oversold market in a downtrend.Oscillators should only be use to recognize divergence. That's it. PA @ support/resistance rules over all! Indicators can be use for confirmation of PA@S/R, but PA@S/R rules over all. You must also know that indicators are written and introduced to retail traders by professionals to deceive and manipulate the average retail trader. It handicaps you from the very start, and you become dependent on them. Once you wrap your...
Hi MKFXTrader,

You are spot on with this post.

As you say indicators should only be used for confirmation.

Always follow what the market is telling you and not the indicators.
  • #4,382
  • Sep 17, 2014 8:49am Sep 17, 2014 8:49am
Quoting MKFXTrader
{quote} Stop asking about more indicators. You have more then enough here in this thread to be successful if you just learn how to use what you already have. More is less. Less is more. Cheers
Master Your Setup, Master Your self. (NQoos)
  • #4,383
  • Sep 17, 2014 8:51am Sep 17, 2014 8:51am
Quoting snowguy2068
{quote} Din't had the balls to hold it out. Cause I'm quite new to the system so whenever I see a trade I take from 10-20. but GJ really did well. Should have held out.
Never be scared to let your profits run. Cut losses early, and let profits run. Not the other way around. If you at least remember this rule, you'll always come out on top regardless of your success percentage.

Cheers
  • #4,384
  • Sep 17, 2014 9:06am Sep 17, 2014 9:06am
Quoting bassramy
{quote} Good entry, PA just broke above the accumulation phases on the HI, beware of the roof above your head or the Multiple resistance level and of course FOMC today. Just Saying. {image}
Hi Bassramy, I like your chart nice and simple...That's what I was after also when I started this.
After I took this trade I wonder if it was smart to trade the GBP at this time, all the crap going on over there
but I am just testing...and so far its working out!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-17_1003.png Size: 54 KB
  • #4,385
  • Sep 17, 2014 9:10am Sep 17, 2014 9:10am
Quoting MKFXTrader
{quote} Stop asking about more indicators. You have more then enough here in this thread to be successful if you just learn how to use what you already have. More is less. Less is more. Cheers
NEVER go against the Daily trend
  • #4,386
  • Sep 17, 2014 9:12am Sep 17, 2014 9:12am
Quoting bassramy
{quote} Good entry, PA just broke above the accumulation phases on the HI, beware of the roof above your head or the Multiple resistance level and of course FOMC today. Just Saying. {image}
Wow you have a nice tight stop there...mine is at 200 pips to start, yours seems to be smaller
How did you come up with that stop?
  • #4,387
  • Sep 17, 2014 9:31am Sep 17, 2014 9:31am
@Stevepatt ," Always follow what the market is telling you and not the indicators." thats easy 4 u 2 say , da tellin mkts changes often N tellin u
diff't things all2gether [mkts Manipulators] lol unless u go on daily or wkly tf N dont mind waitin 1 or 2 MONTHS
  • #4,388
  • Sep 17, 2014 10:45am Sep 17, 2014 10:45am
Quoting pips777
@Stevepatt ," Always follow what the market is telling you and not the indicators." thats easy 4 u 2 say , da tellin mkts changes often N tellin u diff't things all2gether [mkts Manipulators] lol unless u go on daily or wkly tf N dont mind waitin 1 or 2 MONTHS
Hi pips777,

If the market is always changing and giving conflicting signals it's better not to be trading.

The market sometimes has to go up before it can go down.

This is where the market can be "manipulated" by pushing price up to find waiting short orders.

Traders can be caught out because they see the market rising they trade long.

Once the level where the short orders are waiting the market can turn back, short, leaving a lot of traders on the wrong side of the market when their stop loses are hit it adds extra selling power.

This is how the markets can be "manipulated"

You need to be trading a TF where you feel comfortable and can read what's going on.
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Sept 14 EUR:USD D1 Chart.png Size: 121 KB
  • #4,389
  • Sep 17, 2014 1:09pm Sep 17, 2014 1:09pm
Quoting Nihilist
Now I am sharing here, my currency strength meter along with supporting file myRSIOMA.ex4 (both files are needed to run the CSM). this strength meter is based on RSIOMA, which i inspired from great ForexAlien, my Guru. to get the accurate signal you have to following 24 pairs available on your market watch window, absence of any listed pair, indicator shows the wrong strength. pair list- GBPJPY,GBPAUD,GBPCHF,GBPCAD,GBPUSD,GBPNZD, EURAUD,EURJPY,EURNZD,EURUSD,EURCAD,EURCHF, AUDUSD,AUDJPY,AUDCAD,AUDCHF, NZDUSD,NZDJPY,NZDCAD,NZDCHF, CADCHF,CHFJPY, USDCAD,USDJPY....
Hey, anyone able to use the CSM indicagtor on FXCM. I'm one of those caught up the transfer from IBFX to FXCM. I downloaded the demo version of FXCM and found that the currency strength meter does not display correctly. I only the the GBP and EUR lines. I have verified that all of the currency pairs are present. Any ideas?
  • #4,390
  • Sep 17, 2014 1:50pm Sep 17, 2014 1:50pm
Quoting cavenlee92
{quote} hi indrek , can you show some entry example for the 30min TF ? and what pair you trade in 30min TF
Like I said before, I do not trade lower than H4. It was just a suggestion based on what I see on charts.

Quoting pips777
{quote} ======= yeah i would like 2 C that also , Not once i saw his chart or open Trade or whatEver lol
I have posted a template and also showed a couple of my trades. You, by the way, even use my template.
  • #4,391
  • Sep 17, 2014 4:17pm Sep 17, 2014 4:17pm
NZD/USD D1

TP hit after 19 days 4R (256 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Sept 14 NZD:USD D1 Chart.png Size: 120 KB
  • #4,392
  • Sep 17, 2014 6:50pm Sep 17, 2014 6:50pm
Quoting stevepatt
NZD/USD D1 TP hit after 19 days 4R (256 pips) {image}
Nice Job
  • #4,393
  • Sep 17, 2014 11:53pm Sep 17, 2014 11:53pm
Sharing my charts to the masses . Good day!

Happy Pipping traders!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-09-18 12_17_03-EURUSD,H4.png Size: 38 KB
Click to Enlarge Name: 2014-09-18 12_27_24-NZDUSD,H4.png Size: 40 KB
"Think Different From The Masses"
  • #4,394
  • Sep 17, 2014 11:54pm Sep 17, 2014 11:54pm
Quoting Riley
Sharing my charts to the masses . Good day! Happy Pipping traders! {image} {image}
NEVER go against the Daily trend
  • #4,395
  • Sep 18, 2014 12:27am Sep 18, 2014 12:27am
Quoting stevepatt
NZD/USD D1 TP hit after 19 days 4R (256 pips) {image}
Great job stevepatt.
  • #4,396
  • Sep 18, 2014 12:29am Sep 18, 2014 12:29am
Last chart to share before i bail out from here...

Happy Pipping traders!
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-18 13_07_25-AUDUSD,H4.png Size: 38 KB
"Think Different From The Masses"
  • #4,397
  • Sep 18, 2014 6:21am Sep 18, 2014 6:21am
Quoting MKFXTrader
{quote} Never be scared to let your profits run. Cut losses early, and let profits run. Not the other way around. If you at least remember this rule, you'll always come out on top regardless of your success percentage. Cheers
Thanks! I will try to follow this!
  • #4,398
  • Sep 18, 2014 9:23am Sep 18, 2014 9:23am
Pretty quite in here.
  • #4,399
  • Sep 18, 2014 9:47am Sep 18, 2014 9:47am
OK here are the 3 trades I have open right now. One thing for sure, if you trade daily
charts patients is a MUST ...A couple of these have been open for about 10 days now
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-18_1044.png Size: 94 KB
  • #4,400
  • Sep 18, 2014 10:16am Sep 18, 2014 10:16am
Quoting MKFXTrader
Pretty quite in here.
It often happens that a thread containing a really good system dies quickly. I see two reasons: 1) good traders catch the idea and start to trade it, so nothing to discuss any more; 2) newbies find it too simple and go forward to look for systems with more indicators
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