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  • #5,181
  • Nov 9, 2014 5:36am Nov 9, 2014 5:36am
Quoting Xbd14
{quote} Excellent Stevepatt thanks for sharing. Back testing now. Trying to understand how market structure works.

Hi Vbd14,

Glad you are finding it helpful.

Wether you use PA or purely indicators Market Structure is important, it's something everyone who trades needs to understand.

Just because, we get, all our Indicators lining up for a trade doesn't mean we don't need Market Structure on our side also.

The image below is for kholid79.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Nov 14 GBP:JPY W1:H4 Chart.png Size: 164 KB
  • #5,182
  • Nov 9, 2014 7:35am Nov 9, 2014 7:35am
Quoting stevepatt
{quote} Hi Vbd14, Glad you are finding it helpful. Wether you use PA or purely indicators Market Structure is important, it's something everyone who trades needs to understand. Just because, we get, all our Indicators lining up for a trade doesn't mean we don't need Market Structure on our side also. The image below is for kholid79. {image}

I want to ask you something steve ... When you say market structure you mean S / R or ... ? I ask this because i don't follow what you are tring to say .

Thank you
Make choices and don't look back !
  • #5,183
  • Nov 9, 2014 8:51am Nov 9, 2014 8:51am
Quoting Purec
{quote} I want to ask you something steve ... When you say market structure you mean S / R or ... ? I ask this because i don't follow what you are tring to say . Thank you

Hi Purex,

Market structure is HH LH LH LL = Support/Resistance - Big Round Numbers and how they work together.

The first chart above, W1, shows a strong Bullish trend the second chart, H4, shows a pullback in the W1 trend.

We need to know what the prevailing trend is before we commit to a trade no matter what our indicators may be telling us on the TF we are trading.

We must know, before taking a trade, if we are trading with the prevailing tend or we are trading a pullback in the prevailing trend that determines what we can expect from a trade in terms of return.

By looking for confluence of HL HH, in a up trend, and LH LL, in a down trend, - Support/Resistance - Big Round Numbers on a higher TF, to determine the prevailing trend, we can optimise our trading by taking trades in line with the prevailing trend at Support/Resistance - Big Round Numbers, that we have highlighted from the Higher Time frame, on our trigger TF. See Chart Below.

By knowing what's happening on the higher TFs means I can enter a trade signal early on my trigger TF.

Without understanding how Market Structure - Support/Resistance - Big Round Numbers works on the HTFs I can't do this.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Nov 14 EUR:USD W1:D1 Chart.png Size: 190 KB
  • #5,184
  • Nov 9, 2014 8:53am Nov 9, 2014 8:53am
Quoting stevepatt
{quote} Hi Vbd14, Glad you are finding it helpful. Wether you use PA or purely indicators Market Structure is important, it's something everyone who trades needs to understand. Just because, we get, all our Indicators lining up for a trade doesn't mean we don't need Market Structure on our side also. The image below is for kholid79. {image}
=======
investor prefers$ weekly trend , dayTrader H4_Trend = imho
  • #5,185
  • Nov 9, 2014 9:03am Nov 9, 2014 9:03am
Quoting pips777
{quote} ======= investor prefers$ weekly trend , dayTrader H4_Trend = imho

Hi pips,

You are right, I trade D1 charts so I use W1 and MN charts to determine the prevailing trend, that's why I have used them in my examples.

If you are a day trader, trading from H1 for example, you want to now what the prevailing trend is H4 and D1 before considering taking a trade.
  • #5,186
  • Nov 9, 2014 9:09am Nov 9, 2014 9:09am
Quoting stevepatt
{quote} Hi Purex, Market structure is HH LH LH LL = Support/Resistance - Big Round Numbers and how they work together. The first chart above, W1, shows a strong Bullish trend the second chart, H4, shows a pullback in the W1 trend. We need to know what the prevailing trend is before we commit to a trade no matter what our indicators may be telling us on the TF we are trading. We must know, before taking a trade, if we are trading with the prevailing tend or we are trading a pullback in the prevailing trend that determines what we can expect from...
Pure gem
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,187
  • Edited 9:22am Nov 9, 2014 9:12am | Edited 9:22am
Quoting stevepatt
{quote} Hi pips, You are right, I trade D1 charts so I use W1 and MN charts to determine the prevailing trend, that's why I have used them in my examples. If you are a day trader, trading from H1 for example, you want to now what the prevailing trend is H4 and D1 before considering taking a trade.
=======
hi Steve , 4 da last 5 mths hav been tradin on renko_charts with Much more success , whats ur opinion on renko ?

if Nihilist gives permission i could post my trades on renko here or i could PM U = flat atm
  • #5,188
  • Nov 9, 2014 9:21am Nov 9, 2014 9:21am
Quoting pips777
{quote} ======= hi Steve , 4 da last 5 mths hav been tradin on renko_charts with Much more success , whats ur opinion on renko ?

Hi pips,

I haven't had any experience of trading Renko charts.

If I had the time it would be interesting to check them out.

The thing putting me off is the time involved with watching them because you are trading an amount of pips up or down rather than a pacific TF.

In times of high volatility you are going to be busy at others you'll be kicking your heals.
  • #5,189
  • Nov 9, 2014 9:40am Nov 9, 2014 9:40am
Quoting stevepatt
{quote} Hi Purex, Market structure is HH LH LH LL = Support/Resistance - Big Round Numbers and how they work together. The first chart above, W1, shows a strong Bullish trend the second chart, H4, shows a pullback in the W1 trend. We need to know what the prevailing trend is before we commit to a trade no matter what our indicators may be telling us on the TF we are trading. We must know, before taking a trade, if we are trading with the prevailing tend or we are trading a pullback in the prevailing trend that determines what we can expect from...
support and resistance, is only the beginning of the puzzle
you should know that these points are important, however, have to know how the waves EWP function...
  • #5,190
  • Nov 9, 2014 10:08am Nov 9, 2014 10:08am
Quoting hugomarques
{quote} support and resistance, is only the beginning of the puzzle you should know that these points are important, however, have to know how the waves EWP function...

Hi hugomarques,

If you are trading in the direction of the HTF prevailing trend and looking to take trades from Support/Resistance, after a pullback in the prevailing trend, on your trigger TF then you have everything you need.

There's no need to over complicate it with counting Elliot Waves ect. as long as you are getting in after the first pullback you'll be trading with the odds in your favour.
  • #5,191
  • Nov 9, 2014 2:23pm Nov 9, 2014 2:23pm
Quoting stevepatt
{quote} Hi hugomarques, If you are trading in the direction of the HTF prevailing trend and looking to take trades from Support/Resistance, after a pullback in the prevailing trend, on your trigger TF then you have everything you need. There's no need to over complicate it with counting Elliot Waves ect. as long as you are getting in after the first pullback you'll be trading with the odds in your favour.
So basicly what you are saying is that on XAU/USD Weekly , now is the best chance to get a short , right ?

Support was breaked and weekly closed beneath support line but candle was formed as a hammer ...

What you say about it . I'm really intrested
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
Make choices and don't look back !
  • #5,192
  • Nov 9, 2014 2:34pm Nov 9, 2014 2:34pm
And on Daily chart and Inside Candle was formed ... Don't know what to think
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
Make choices and don't look back !
  • #5,193
  • Nov 9, 2014 3:38pm Nov 9, 2014 3:38pm
Quoting Purec
{quote} So basicly what you are saying is that on XAU/USD Weekly , now is the best chance to get a short , right ? Support was breaked and weekly closed beneath support line but candle was formed as a hammer ... What you say about it . I'm really intrested {image}

Hi Purex,

I hope the charts below will explain things better.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Nov 14 Gold W1:D1 Chart.png Size: 200 KB
  • #5,194
  • Nov 9, 2014 4:16pm Nov 9, 2014 4:16pm
Nihilist, your indicator "Ultra Trend" is so incredible...

What indicator(s) you use for create this one ?

I would like to create an ea using you're indicator "Ultra Trend", for now, I failed, you're indic return me positive decimal unrelated with information we have. I'm a beginner

Im' going to testing you're strategy on a new account.

thank for share this beautiful work.
  • #5,195
  • Nov 9, 2014 6:12pm Nov 9, 2014 6:12pm
Quoting stevepatt
{quote} Hi Purex, Market structure is HH LH LH LL = Support/Resistance - Big Round Numbers and how they work together. The first chart above, W1, shows a strong Bullish trend the second chart, H4, shows a pullback in the W1 trend. We need to know what the prevailing trend is before we commit to a trade no matter what our indicators may be telling us on the TF we are trading. We must know, before taking a trade, if we are trading with the prevailing tend or we are trading a pullback in the prevailing trend that determines what we can expect from...
good morning stevepaat,
I promised this last Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: Gj.png Size: 56 KB
  • #5,196
  • Nov 9, 2014 6:25pm Nov 9, 2014 6:25pm
This my latest open positions,
confirmation only by nihilist v21,
let's see what happens tonight .. ??
hopefully it correct ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 55 KB
  • #5,197
  • Nov 9, 2014 6:38pm Nov 9, 2014 6:38pm
Quoting Nihilist
My dear Friends, it was my planing that, I will share the “Nihilist_HolyGrail” indicator only with my subscribers but now I am going to share it with everyone, and my subscriber will get my another private indicator which I will send them by mail. There is no Holygrail in the world, indicator can't be a holy grail. i tried to make my indicator as accurate as possible, i named it "Nihilist_Holygrail". Market is not bound to follow any rules, market never respect any indicator, she can go any direction at any time. If you follow the rules of the system...
Hi Nihilist
Thanks for sharing your g8 system.
May I know if this still the updated version, or the post number 1 shall I download from?

Could you kindly update the post number 1 if there any latest system for the easy reference?

Thanks again for your great work! I appreciate!!!
  • #5,198
  • Nov 9, 2014 8:40pm Nov 9, 2014 8:40pm
Quoting nsn14
{quote} Hi Nihilist Thanks for sharing your g8 system. May I know if this still the updated version, or the post number 1 shall I download from? Could you kindly update the post number 1 if there any latest system for the easy reference? Thanks again for your great work! I appreciate!!!
You will have to read the whole thread. There are multiple systems discussed here.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,199
  • Nov 9, 2014 11:40pm Nov 9, 2014 11:40pm
Quoting stevepatt
The following three charts should, I hope, start to explain why it's so important to consider higher TFs before looking to take a trade on our trigger TF I look at an higher Time Frame (HT), in my case W1, to get my market bias by looking at Market Structure - Support/Resistance - Big Round Numbers and then transferring that market information to my Trigger TF, in my case D1, to look for trade setups. Please study the following charts carefully copy it onto your own trading platform, if necessary, to see the information it gives you. {image} {image}...
This perhaps your most important post in this thread, steve...
Thank you
i worshipped... Momentum
  • #5,200
  • Nov 9, 2014 11:49pm Nov 9, 2014 11:49pm
Quoting FerruFx
{quote} You will have to read the whole thread. There are multiple systems discussed here.
Yup, look like only way to sort out... however can you give me a quick guide what are the differences between Nihilist Ultra Trend v2 and Nihilist Holy Grail indi?
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