Attachments: "Scalping" in 1 day charts

"Scalping" in 1 day charts

#401
Nov 3, 2014 3:49am Nov 3, 2014 3:49am

jojofx
| Commercial User | Joined Jun 2014 | 238 Posts

Quoting MoneyMikeFx

Disliked

In my experience it's very dangerous to trust just one indicator how you are doing with this BS Indi. I have back tested it and sure enough there are a lot of times you are going to score a loss. There has to be other indi to confirm entry. The break of tend line is a start but we need a confirmation of entry.

Ignored

The confirmation of entry was given by Nihilist indicator. I've tried this strategy for the last past week on daily tf and i would say it can be very profitable if used with a bit of knowledge of price action and S/R levels ( i can't figure out why tnavi is changing it)
I can post some screen about the trades i got last week if you wish

#402
Nov 3, 2014 3:54am Nov 3, 2014 3:54am

jeetvirk
| Joined Feb 2013 | Status: Trader | 826 Posts

Update on GBPCHF trade SL move to BE. trade floating at 125 pips.

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#403
Nov 3, 2014 10:08am Nov 3, 2014 10:08am

semmee
| Joined Aug 2014 | Status: Trader | 1 Post

Quoting jojofx

Disliked

{quote} The confirmation of entry was given by Nihilist indicator. I've tried this strategy for the last past week on daily tf and i would say it can be very profitable if used with a bit of knowledge of price action and S/R levels ( i can't figure out why tnavi is changing it) I can post some screen about the trades i got last week if you wish

Ignored

Hi. I agree with this wholeheartedly. I literally decided to sign up just to say this. A little bit of S/R and PA on the Daily with the original method as confirmation would've made a killing on all YEN pairs.

#404
Nov 3, 2014 12:12pm Nov 3, 2014 12:12pm

maxtrader
| Joined Aug 2009 | Status: Managed Accounts Profesional Trader | 278 Posts

Quoting jeetvirk

Disliked

Update on GBPCHF trade SL move to BE. trade floating at 125 pips. {image}

Ignored

Great Trade, also take a look at the pin candle just before It went up, these type of candles on daily charts are very informative, if you put together all these warnings they become more powerful than 15 lagging indicators.

Indicators always obey Price, not the other way.

#405
Nov 3, 2014 12:47pm Nov 3, 2014 12:47pm

MoneyMikeFx
| Joined Nov 2014 | Status: Take The Money & Run | 112 Posts

Quoting jojofx

Disliked

{quote} The confirmation of entry was given by Nihilist indicator. I've tried this strategy for the last past week on daily tf and i would say it can be very profitable if used with a bit of knowledge of price action and S/R levels ( i can't figure out why tnavi is changing it) I can post some screen about the trades i got last week if you wish

Ignored

If you tell me that you are using the BS indi with Nihilist indi, that is a good idea.
Jojofx i have also ran this indi in the D1 TF along with S/R levels. This Is A more solid
Entry than just going off of just one indi.

#406
Nov 3, 2014 3:55pm Nov 3, 2014 3:55pm

eaglefaith7
Joined Mar 2013 | Status: Trader | 212 Posts

Been looking at this board for a little while and I like this trend line trading. I my self use some different indicators. Started some demo trading yesterday. I have been trading for some 4 plus years. These are my results so far.

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#407
Nov 3, 2014 5:13pm Nov 3, 2014 5:13pm

Mucellini
| Joined Nov 2013 | Status: Trader | 22 Posts

Reviewing AUD/ CHF daily chart, i find what I think a good setup of our strategy, wishing for some green pips

Happy Trades for all.

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#408
Nov 3, 2014 6:39pm Nov 3, 2014 6:39pm

spyderman
Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts

Just opened the GbpAud. UsdCad from Friday.

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#409
Nov 3, 2014 10:41pm Nov 3, 2014 10:41pm

eaglefaith7
Joined Mar 2013 | Status: Trader | 212 Posts

Took some more trades today. This DeMarklines indicator that draws my trend lines and TP levels is working very good with my other idicators

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AUDNZ DetailedStatement.pdf 156 KB | 720 downloads

#410
Nov 4, 2014 2:37am Nov 4, 2014 2:37am

jojofx
| Commercial User | Joined Jun 2014 | 238 Posts

Quoting MoneyMikeFx

Disliked

{quote} If you tell me that you are using the BS indi with Nihilist indi, that is a good idea. Jojofx i have also ran this indi in the D1 TF along with S/R levels. This Is A more solid Entry than just going off of just one indi.

Ignored

I rely for the most on price action. The Nihilist indicator is just the confirmation that the micro-trend has started. I don't think to need anything else. Plus i think BS is a bit lagging as MAs. Using both these 2 indicators on a daily will delay too much the entry and the most of the time it will be too late except if you catch long trends.
Happy trading folks!

#411
Nov 4, 2014 4:13am Nov 4, 2014 4:13am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,323 Posts

I've just had a quick look at this, I wouldn't be happy trying to trade this using the Babon Slope set to 13-3-0 there would be too much chop for me.

I've added the Nihilist Holygrail Indicator, which doesn't re-paint, and trade only the direction of the Holygrail Indicator.

I've changed the Babon Slope to 21-1-0 and wait for pullbacks in the trend and only take trades in the direction of the Holygrail Indicator.

This approach is more conservative.

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#412
Nov 4, 2014 5:58am Nov 4, 2014 5:58am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Quoting stevepatt

Disliked

I've just had a quick look at this, I wouldn't be happy trying to trade this using the Babon Slope set to 13-3-0 there would be too much chop for me. I've added the Nihilist Holygrail Indicator, which doesn't re-paint, and trade only the direction of the Holygrail Indicator. I've changed the Babon Slope to 21-1-0 and wait for pullbacks in the trend and only take trades in the direction of the Holygrail Indicator. This approach is more conservative. {image}

Ignored

Thanks for your input Steve, your suggestions are always sound in my honest... quick question if you will, do you now personally feel that the Holygrail Indi is more suitable than the Ultra trend v2 Indi. I am currently back-testing with Ultra Trend.All the best to you.

#413
Edited 6:28am Nov 4, 2014 6:15am | Edited 6:28am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,323 Posts

Quoting Piprader

Disliked

{quote} Thanks for your input Steve, your suggestions are always sound in my honest... quick question if you will, do you now personally feel that the Holygrail Indi is more suitable than the Ultra trend v2 Indi. I am currently back-testing with Ultra Trend.All the best to you.

Ignored

Hi Pipraider,

I've run the Ultra Trend Indi. in back tests, using Strategy Tester, and when comparing the Histogram of the Ultra trend Indi., in Strategy Tester, with the Histogram of the Ultra Trend Indi., from my trading platform, there are quite a few discrepancies.

These differences occur mostly when there is a sharp reversal in the market.

The Holygrail Indi. doesn't react to the market so quickly but it doesn't repaint.

I've only had a quick look at it, like I said, but it does look a more reliable filter and when using the Babon Slode Indi., set to 21-1-0, it seems to follow the Holygrail Indi. quite well.

#414
Nov 4, 2014 6:27am Nov 4, 2014 6:27am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Quoting stevepatt

Disliked

{quote} Hi Pipraider, I've run the Ultra Trend Indi. in back tests, using Strategy Tester, and when comparing the Histogram of the Ultra trend Indi., in Strategy Tester, with the Histogram of the Ultra Trend Indi., from my trading platform, there are quite a few discrepancies. These differences occur mostly when there is a sharp reversal in the market. The Holygrail Indi. doesn't react to the market so quickly but it doesn't repaint. I've only had a quick look at it, like I said, but it does look a more reliable filter and when using the Babon Slode...

Ignored

Thank you Stevepatt, I am back testing long hand ugh!! time consuming unfortunately..."I'm not up to speed with the use of a Stategy Tester", I am so grateful to you, thank you, I will start again using Holy Grail Indi.

#415
Nov 4, 2014 8:04am Nov 4, 2014 8:04am

MoneyMikeFx
| Joined Nov 2014 | Status: Take The Money & Run | 112 Posts

Quoting stevepatt

Disliked

I've just had a quick look at this, I wouldn't be happy trying to trade this using the Babon Slope set to 13-3-0 there would be too much chop for me. I've added the Nihilist Holygrail Indicator, which doesn't re-paint, and trade only the direction of the Holygrail Indicator. I've changed the Babon Slope to 21-1-0 and wait for pullbacks in the trend and only take trades in the direction of the Holygrail Indicator. This approach is more conservative. {image}

Ignored

Hello Stevepatt:

I really like your approach with these indis.
Process is wait for Holly indi to signal the trend, then wait for pullback
and trigger at the low/high of previous candle?
is it possible to share the Holly Grail Indi with us?

Thanks and Happy Trading!

#416
Nov 4, 2014 8:32am Nov 4, 2014 8:32am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,323 Posts

Quoting MoneyMikeFx

Disliked

{quote} Hello Stevepatt: I really like your approach with these indis. Process is wait for Holly indi to signal the trend, then wait for pullback and trigger at the low/high of previous candle? is it possible to share the Holly Grail Indi with us? Thanks and Happy Trading!

Ignored

Hi MoneyMike,

Here you go, a big thank you has to go to Nihilist for coding the indicator.

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