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Nihilist Forex Indicators

  • #5,361
  • Edited 2:41am Nov 20, 2014 2:06am | Edited 2:41am
Quoting ghost walker
{image} Cheers again guys,here are the TPL, IND and PDF on TRANSIENT ZONES,be sure to read and understand this before applying,I am still testing this myself and would appreciate all feedback, revelations and thoughts, GW {file} {image}
Thanks GW, always a pleasure to download your colorful charts!! I have had too much on this week to trade but look forward to reading and learning in the coming weeks.
  • #5,362
  • Nov 20, 2014 7:50am Nov 20, 2014 7:50am
some last trades, please look how working clear PA:

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-20_14-34-27D1_EURAUD.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-20_14-41-43AUD_NZD_D1.png Size: 47 KB
Only price
  • #5,363
  • Nov 20, 2014 8:29am Nov 20, 2014 8:29am
Quoting fx_mig
some last trades, please look how working clear PA: {image} {image}

Hi mig;

Nice trading, looking for Strong Support/Resistance, to look for PA, to take trades is a very sound method of trading.
  • #5,364
  • Nov 20, 2014 9:06am Nov 20, 2014 9:06am
Quoting stevepatt
{quote} Hi mig; Nice trading, looking for Strong Support/Resistance, to look for PA, to take trades is a very sound method of trading.
tx stevepatt , it's good old method which will work for years, need only some patience and experience
Only price
  • #5,365
  • Nov 20, 2014 1:54pm Nov 20, 2014 1:54pm
Quoting ghost walker
{image} Cheers again guys,here are the TPL, IND and PDF on TRANSIENT ZONES,be sure to read and understand this before applying,I am still testing this myself and would appreciate all feedback, revelations and thoughts, GW {file} {image}
The SEF bull bear tends repaint 3 or 4 bars back ?
  • #5,366
  • Nov 21, 2014 1:08am Nov 21, 2014 1:08am
Quoting stevepatt
GBP/USD W1/D1 NZD/USD W1/D1 GBP/JPY W1/D1 Two trades triggered one still pending. {image} {image} {image}

NZD/USD D1

Got stopped out of this trade for an average return of +44.75 pips +0.56R
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Nov 14 NZD:USD D1 Chart.png Size: 98 KB
  • #5,367
  • Nov 21, 2014 3:28am Nov 21, 2014 3:28am
Quoting stevepatt
GBP/USD W1/D1 NZD/USD W1/D1 GBP/JPY W1/D1 Two trades triggered one still pending. {image} {image} {image}

GBP/JPY D1

Stopped out on this trade for an average return of +109 pips +0.85R
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Nov 14 GBP:JPY D1 Chart.png Size: 104 KB
  • #5,368
  • Nov 21, 2014 3:35am Nov 21, 2014 3:35am
I hope someone saw the shooting star formed on Daily Chart on E/J . I saw it . $$$
Make choices and don't look back !
  • #5,369
  • Nov 21, 2014 4:32am Nov 21, 2014 4:32am
Quoting Purec
I hope someone saw the shooting star formed on Daily Chart on E/J . I saw it . $$$

Hi Purec;

I didn't take this because, trading D1, I wasn't sure where it was heading, , it could have just as easily continued to go up.

It's been helped on it's way by Draghi speaking at 8am GMT, the EUR is dropping across the board.

GBP/JPY - USD/JPY was also showing a Shooting Star at close yesterday.

Have you taken Short trades on these pairs as well?
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Nov 14 EUR:JPY H1 Chart.png Size: 133 KB
  • #5,370
  • Nov 21, 2014 4:37am Nov 21, 2014 4:37am
Quoting stevepatt
{quote} Hi Purec; I didn't take this because, trading D1, I wasn't sure where it was heading, , it could have just as easily continued to go up. It's been helped on it's way by Draghi speaking at 8am GMT, the EUR is dropping across the board. GBP/JPY - USD/JPY was also showing a Shooting Star at close yesterday. Have you taken Short trades on these pairs as well? {image}
Only short on E/J last night after day closed . 148.23 short
Make choices and don't look back !
  • #5,371
  • Nov 21, 2014 4:48am Nov 21, 2014 4:48am
Quoting Purec
{quote} Only short on E/J last night after day closed . 148.23 short

Hi Purec;

You where confident it was going down then with the 148 RN, which has acted as strong Support/Resistance in the past, right below.

Personally I find it safer to set a Pending Sell Stop, below a Shooting Star, that way if it continues up I'm usually not caught on the wrong side of the market.
  • #5,372
  • Nov 21, 2014 8:30am Nov 21, 2014 8:30am
Quoting stevepatt
{quote} Hi sainthun, I wasn't trying to catch you out I just wanted to know what you where seeing before I posted my chart below. There is a PB rejection of a Short term Support/Resistance level {image}

USD/CHF D1

Exited this trade for +80 pips +1R before reaching 0.97 RN and Resistance Level.

I now have no open positions.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Nov 14 USD:CHF D1 Chart.png Size: 102 KB
  • #5,373
  • Nov 21, 2014 8:53am Nov 21, 2014 8:53am
Nice profit Steve this week , only GU I think was a loss right .
  • #5,374
  • Nov 21, 2014 9:01am Nov 21, 2014 9:01am
Quoting Lebaneese
Nice profit Steve this week , only GU I think was a loss right .
Hi Lebaneese,

That's right only GBP/USD was a losing trade out of the four trades I took this week.

+389 Pips +1.41R
  • #5,375
  • Nov 21, 2014 9:04am Nov 21, 2014 9:04am
Congratulation
  • #5,376
  • Nov 21, 2014 9:19am Nov 21, 2014 9:19am
Quoting stevepatt
{quote} USD/CHF D1 Exited this trade for +80 pips +1R before reaching 0.97 RN and Resistance Level. I now have no open positions. {image}
I won that also

Tx for the Help again
  • #5,377
  • Nov 21, 2014 9:56am Nov 21, 2014 9:56am
Quoting stevepatt
{quote} Hi Lebaneese, That's right only GBP/USD was a losing trade out of the four trades I took this week. +389 Pips +1.41R
If you have putred an order below the shooting star on every jpy pair you eould have made today at least 200 pips anyaway it was a fine week for me too .
Make choices and don't look back !
  • #5,378
  • Nov 21, 2014 2:54pm Nov 21, 2014 2:54pm
Quoting Lebaneese
Congratulation

Hi Lebaneese;

Thanks, it's always good to be in profit, of course, but it has to be looked at in context of over all results.

It's important to keep your Return, at least, the same as your Risk to keep your trade expectancy as high as possible.

Trade Expectancy is calculated by totalling your Return and dividing by the amount of trades you have taken.

The higher this figure the better.

I've uploaded an image of the excel sheet I keep of my trades.

I'm just doing this to show the type of records that need to be kept so you have a detailed picture of how you are doing and to get an idea of expectancy.

The more trades you have the more reliable picture you will have of what you can expect from your trading method.

I'm not doing this to show off, my returns are very average 21 trades and I've only grown my account by 4.12% in three months.

But I'm very cautious with my trading risk and want to build up a good picture of what I can expect from this type of trading before stepping up my risk per trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Nov 14 Results Excel Sheet.png Size: 264 KB
  • #5,379
  • Nov 21, 2014 4:20pm Nov 21, 2014 4:20pm
Quoting stevepatt
{quote} Hi Lebaneese; Thanks, it's always good to be in profit, of course, but it has to be looked at in context of over all results. It's important to keep your Return, at least, the same as your Risk to keep your trade expectancy as high as possible. Trade Expectancy is calculated by totalling your Return and dividing by the amount of trades you have taken. The higher this figure the better. I've uploaded an image of the excel sheet I keep of my trades. I'm just doing this to show the type of records that need to be kept so you have a detailed...
Hi Steve,
Would you mind please putting up for us a blank of the above spread sheet for those of us who would like to use it,
Joy to ya my friend,
GW
IMPROVISE ADAPT OVERCOME
  • #5,380
  • Nov 21, 2014 6:54pm Nov 21, 2014 6:54pm
Quoting fx_mig
some last trades, please look how working clear PA: {image} {image}
MG FX, Thank you for your PA charts. I have learned a lot by reviewing these and appreciate them. Also, Steve, great job on posting and helping us out. It's also appreciated as well. Price Action is a game changer. Thanks again.
Be Patient....
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