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Nihilist Forex Indicators

  • #4,681
  • Oct 3, 2014 12:19pm Oct 3, 2014 12:19pm
Quoting Indrek
{quote} In fact, many best entries according to this system are right before Stochastic shows oversold/overbought. It is when there is a good trend and we enter into continuation of the trend. But in this case it was not near. I just checked - Stochastic was even above 50. I added 50 level to Stoch now to avoid confusion. {image}
I think I didn't see your image properly. You entered at the orange arrow, or the red sideways arrow?? Then that does signal a great entry, with also the stochastic starting to come down at the point. I thought you entered at last candle showing in the image.
Enter Signature
  • #4,682
  • Oct 3, 2014 12:21pm Oct 3, 2014 12:21pm
Quoting san99
{quote} I think I didn't see your image properly. You entered at the orange arrow, or the red sideways arrow?? Then that does signal a great entry, with also the stochastic starting to come down at the point. I thought you entered at last candle showing in the image.
I entered at the close of the candle with orange arrow. And the trade is clearly seen from beginning to end - I dragged it to the chart from trade history.
  • #4,683
  • Oct 3, 2014 12:25pm Oct 3, 2014 12:25pm
Quoting stevepatt
{quote} Have you read any pages of the thread, like maybe the one you posted on?
Whats up with the red flag by your name
  • #4,684
  • Oct 3, 2014 6:24pm Oct 3, 2014 6:24pm
Quoting trdmny
{quote} Whats up with the red flag by your name
Easy as 1, 2, 3

1. Scroll to the bottom of this page

2. Click User Guide

3. Read

It takes a lot for me to IGNORE you, but you can try.
  • #4,685
  • Oct 3, 2014 6:31pm Oct 3, 2014 6:31pm
Quoting bellduke
Many thx for powerfull strategy. I did not have the patience to read all 234 pages branch. Is it possible to use this strategy on the D1? What MM is most suitable?
One would hope that you at least have time to read Post 1 ... ?

Standard procedure here on FF

That should at least give you some answers

And hopefully you can see if this is a strategy that might fit your personality

http://www.forexfactory.com/showthread.php?t=490220
It takes a lot for me to IGNORE you, but you can try.
  • #4,686
  • Oct 3, 2014 6:40pm Oct 3, 2014 6:40pm
Quoting bellduke
Many thx for powerfull strategy. I did not have the patience to read all 234 pages branch. Is it possible to use this strategy on the D1? What MM is most suitable?

1. Yes, daily is fine, see chart

2. MM is personal risk factor, use standard 2% and you'll be fine

Attached Image (click to enlarge)
Click to Enlarge Name: 4-10-2014 9-34-59 AM.png Size: 97 KB
It takes a lot for me to IGNORE you, but you can try.
  • #4,687
  • Oct 3, 2014 7:41pm Oct 3, 2014 7:41pm
Quoting bellduke
Many thx for powerfull strategy. I did not have the patience to read all 234 pages branch. Is it possible to use this strategy on the D1? What MM is most suitable?

What do you see?

Do you understand the "rules"?
Attached Image (click to enlarge)
Click to Enlarge Name: 4-10-2014 10-33-27 AM.png Size: 156 KB
It takes a lot for me to IGNORE you, but you can try.
  • #4,688
  • Oct 4, 2014 12:39am Oct 4, 2014 12:39am
I have respect for all daily chart traders. It requires a lot more patience which I don't have own. Another drawback to me is tick volume doesn't provide much information in daily chart. Anyway, lovely to watch many people succefully trade on daily chart....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #4,689
  • Oct 4, 2014 11:48am Oct 4, 2014 11:48am
Hi Stevepatt
I notice you have added a few more indicators to the bottom of your charts(adx?) Do you find these give you more info when entering a trade than just the two (holygrail,ultratrend) that you used to have.? When opening a trade in a pair that is trending do you wait for the very first pullback before before entering your first trade in that trend or would you enter earlier? For example on AUD/USD would you have waited until the first pullback on 16thsept. to enter your first trade in that
downtrend or would you have got in earlier? Hope that makes sense.
Kind Regards
Geoff
  • #4,690
  • Oct 4, 2014 12:34pm Oct 4, 2014 12:34pm
Quoting GEOFFREY62
Hi Stevepatt I notice you have added a few more indicators to the bottom of your charts(adx?) Do you find these give you more info when entering a trade than just the two (holygrail,ultratrend) that you used to have.? When opening a trade in a pair that is trending do you wait for the very first pullback before before entering your first trade in that trend or would you enter earlier? For example on AUD/USD would you have waited until the first pullback on 16thsept. to enter your first trade in that downtrend or would you have got in earlier? Hope...
Hi Geoffery,

The ADX indicator gives extra confirmation if it's needed. The way most pairs have been trending recently it should be clear from looking exactly what the market wants to do.

I only trade D1 because of time restraints, the first good pullback on AUD/USD D1, for me, came on the 18th Sept there was another good pullback on the 24th Sept.

If I had been trading H4, it was a different story, there was a good pullback on the 11th Sept.

I didn't take any of these trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4th Oct 14 AUD:USD D1 Chart.png Size: 151 KB
Click to Enlarge Name: 4th Oct 14 AUD:USD H1 Chart.png Size: 126 KB
  • #4,691
  • Oct 4, 2014 12:48pm Oct 4, 2014 12:48pm
Quoting stevepatt
{quote} Hi MKFXTrader, If I'm not triggered into a trade I adjust my EP/SL at the end of each day. The USD/JPY Chart below demonstrates this. When Buying I place a pending Buy Stop +5 pips +Spread When Selling I place a pending Sell Stop -5 pips {image}
stevepatt,
Makes sense to move those ep's to capture resumption of trend. Thanks for the clarification. Was also wondering what MA you are using on those charts? Have a great weekend my friend.

Cheers
  • #4,692
  • Oct 4, 2014 1:07pm Oct 4, 2014 1:07pm
Quoting MKFXTrader
{quote} stevepatt, Makes sense to move those ep's to capture resumption of trend. Thanks for the clarification. Was also wondering what MA you are using on those charts? Have a great weekend my friend. Cheers

Hi MKFXTrader,

I use the (T_S_R)-Signal Line Indicator set to 20 and 89

I also have the 200 EMA on my chart.

I also have the Weekly and Monthly 200 EMA on my chart so I can see where the market is in relation to them on a D1 chart. I do this using the AllAverages indicator.

A page or two back I've posted the latest template I'm using.
Attached File(s)
File Type: mq4 (T_S_R)-Signal Line.mq4   4 KB | 592 downloads
File Type: ex4 AllAverages_v2.1 cc.ex4   21 KB | 527 downloads
  • #4,693
  • Oct 5, 2014 1:30pm Oct 5, 2014 1:30pm
Quoting stevepatt
{quote} Hi MKFXTrader, I use the (T_S_R)-Signal Line Indicator set to 20 and 89 I also have the 200 EMA on my chart. I also have the Weekly and Monthly 200 EMA on my chart so I can see where the market is in relation to them on a D1 chart. I do this using the AllAverages indicator. A page or two back I've posted the latest template I'm using. {file} {file}
stevepatt do you use daily timeframe for trading or for direction ..?
  • #4,694
  • Oct 5, 2014 2:01pm Oct 5, 2014 2:01pm
Quoting mara1
{quote} stevepatt do you use daily timeframe for trading or for direction ..?

Hi mara,

I take trades from D1

Like I've said in previous posts I like to see a good trend developing on D1 and then trade the Pullbacks/Rallies in the established trend

I use Support/Demand -/- Resistance/Supply on W1 and MN to look for targets

I want to see at least 1:1 RR before hitting, what i see as, the first problem area

It takes some time to gain the experience to read what's going on in the market but once that's done it gets easier
  • #4,695
  • Oct 5, 2014 9:06pm Oct 5, 2014 9:06pm
hi stevepatt
the circle i show on my chart is this color of support and resistance is W1 and MN ? or we need to go higher TF to find out ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 111 KB
  • #4,696
  • Oct 6, 2014 1:21am Oct 6, 2014 1:21am
Quoting cavenlee92
hi stevepatt the circle i show on my chart is this color of support and resistance is W1 and MN ? or we need to go higher TF to find out ? {image}

The Dark Grey rectangles shows Demand/Supply that hasn't been tested.

The Light Grey rectangles shows Demand/Supply that has been tested.

To find W1, MN Demand/Supply we need to switch to the Weekly Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 6th Oct 14 USD:JPY D1 Chart.png Size: 157 KB
  • #4,697
  • Oct 6, 2014 3:41am Oct 6, 2014 3:41am
Quoting stevepatt
{quote} The Dark Grey rectangles shows Demand/Supply that hasn't been tested. The Light Grey rectangles shows Demand/Supply that has been tested. To find W1, MN Demand/Supply we need to switch to the Weekly Chart. {image}
Not sure which version of the Sup/Dem indicator you are using, but most have a TF setting so you should even see the Weekly on any lower chart.
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,698
  • Oct 6, 2014 9:20am Oct 6, 2014 9:20am
Quoting stevepatt
{quote} The Dark Grey rectangles shows Demand/Supply that hasn't been tested. The Light Grey rectangles shows Demand/Supply that has been tested. To find W1, MN Demand/Supply we need to switch to the Weekly Chart. {image}
hi stevepatt
are u still holding EU ?
  • #4,699
  • Oct 6, 2014 9:24am Oct 6, 2014 9:24am
Quoting stevepatt
{quote} The Dark Grey rectangles shows Demand/Supply that hasn't been tested. The Light Grey rectangles shows Demand/Supply that has been tested. To find W1, MN Demand/Supply we need to switch to the Weekly Chart. {image}
hi stevepatt
this pair can set the pending order ?
the weekly and daily chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 183 KB
Click to Enlarge Name: Screenshot2.png Size: 179 KB
  • #4,700
  • Oct 6, 2014 9:45am Oct 6, 2014 9:45am
Quoting cavenlee92
{quote} hi stevepatt are u still holding EU ?

Hi cavenlee,

I'm still holding EUR/USD D1
Attached Image (click to enlarge)
Click to Enlarge Name: 6th Oct 14 EUR:USD D1 Chart.png Size: 117 KB
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