Nihilist Forex Indicators

Hi erelation;

You are taking a Short Trade at the 1.55 RN which the Market has been rejecting recently. it would have been better to wait for Momentum to break the 1.55 RN before considering going Short.

You will greatly increase your Trading Edge if you also employ basic observations of market behaviour when Trading using Indicators

The TDI Indicator, you are using, is currently below the 32 level which is considered "oversold" when using this Indicator.

Thanks Stevepatt.

NZD is currently overbrought and going to weaken soon? Is this how we read the Currency Strength?

Many peoples said best time for us is London - NewYork season.
Green pips for you
Happy new year!

Close +14.6pips

Total Trade Taken : 4

Win : 3 trades (+22, +18, +14.6)
Loss: 1 trade (-11.8) * should not have taken near BRN

Hi erelation;

Congratulations on your winning Trades.

It's important to not only know your winning pips but also your Stop Loss pips it's vital to have more winning pips than losing pips, in the long term, it's only then that you will gain a positive expectancy.

An Elite performance by Nihilist. 5 Stars.

Hello Gang,

Very nice thread. I have a question. How do you take a trade without any idea of price action or Volume(Ticks) that would push the trade thru the SR-SD levels?
These are nice Indicators and templates , the best I've seen on FF.

I have added the Bill Williams Market Facilitation Index to my Holy Grail template and also his Fractal indicator.
Once the price is either above or below the Kijun Sen line, I wait for a high volume Green Bar on the MFI and take the trade, if the price has broken the Fractal to the LEFT. I have also placed a RSI with a 10 period and 35-50-65 levels. The 50 level is the trigger point on most trades. Only trade off the RSI10 at the 50 level, otherwise a ranging market will eat you up.
This is by far the safest and most effective way to trade this template in my opinion. It is impressive.
I trade a 15 min. AUD/USD chart, just because the Euro is in the dump. This will work on most all currencies. I trade a live account using from $1-$3 (.1-.3) lot size that's about 2% per trade of my account. Until I am certain this is going to work out on a long term basis I don't plan on raising my lot size. However it is looking very promising at this time. I hope I have not offended the thread with this post, I'm not trying to change anything, just trying to help other traders. In my trading I work off high volume(ticks, price action) and SR,SD levels. The work Nihilist has done is very nice and I thank him for his thread.
The Green bar on the Facilitation Index is a high Volume, high index figure. The Pink bar is a Squat bar and high volume. The market is looking for direction when the Pink bar is present. When the Green bar kicks in, you have your momentum and direction. All of the indicators on the thread are nice, but how can you tell when to pull the trigger without monitoring volume.
I have tried to post an image of my chart, but can't get the darn thing up. I have Windows 8 and with MT4 changing all the indicator setup to ex. files ,I just haven't got the hang of it yet.

[Quote = Carismatico; 7969070] Ho aggiunto il Bill Williams Market Facilitation Index al mio modello di Santo Graal e anche il suo indicatore Frattale. Una volta che il prezzo è al di sopra o al di sotto della linea di Kijun Sen, mi aspetto un elevato volume Green Bar sulla MFI e prendere il commercio, se il prezzo ha rotto il Fractal a sinistra. Ho anche messo un RSI con un periodo di 10 e 35-50-65 livelli. Il livello 50 è il punto di attivazione sulla maggior parte dei commerci. Commercio solo fuori RSI10 a livello 50, altrimenti un mercato che vanno mangerà fino. Questo è di gran lunga il modo più sicuro ed efficace per il commercio questo modello, a mio parere. E 'impressionante. I commercio a 15 min. AUD / USD ............................................. [/ quote]



hi carismatic and happy new year.
post some screen of your strategy and post your tpl and the indi that you use, please,
ok?

Hi Charismatic,

thats a good idea...will follow and try...

Thanks for your help...

Happy new year..

Cheers Jo

I'm having problems posting charts. All you have to do is take Nihilist Holy Grail template and add the Bill Williams Market Facilitation Index indicator and Fractals to the chart.
They come with MT4 platform under Bill Williams. The RSI is also on MT4 indicator list. Maybe some one can present an image of such a chart. It's a simple addition to the Grail template.Then I would be happy to discuss any question about the MFI indicator and fractals.
The Fractal indicator will give you a better idea exactly where the resistance is going to be in the trade. In my opinion more so than the SD and SR lines on the template. I've left the Grail template just as it was made, I just added the other things as a reference. I believe there are some pivots and fib lines on the original Grail template. I'm just old fashion I guess. I use the Fractal and Put up a current Fib indicator from the left of the chart when it comes time to take a trade, every Pip counts. I do have Bollinger Bands minus the middle band, I don't like taking trades if the price has had a long journey up or down an outer band or if the price is in a squeeze. Please, I don't want to confuse or interrupt the thread. This is just my style of trading. I simply came across this nice thread and all these nice Indicators, which I have stored away in my navigator. I would be happy to answer any questions, if there is an interest.

The only thing you have to do is to right click on your chart then "save as picture".

Then post it here (Upload from computer button at the bottom of the posting window).

A HAPPY NEW YEAR TO ALL.


Hi Charismatic
Here's the HG chart including the extra indies you mentioned and I also removed the IISupDem indie.
IMHO you don't need the RSI as a trigger, the ADX gives you the trigger.
Go for it...

Can somebody tell me why my chart can not load Nihilist_Ultra_Trend_V2 in H4 timeframe.

Perfect example Forexday. As you can see the last Pink (Bear)candle just broke the Down Fractal on the Left and the price appears to be headed South. Just below it you will see the Green MFI Bar( High Volume). If you will note the crossing down of the RSI thru the 50 level. It is a visual view of what is taking place on the chart and noted is the higher volume(ticks) and the strength of the move. I understand about the ADX and all, and it is a good indicator. From what I have read on some of the post , there are traders having trouble deciding when to take a trade. Perhaps this could help. Thanks for posting the chart!!!
Just because the price drops below or goes above the Kijun Sen ,doesn't mean the trend will continue. It needs to break the resistance of the FRACTAL. Then if your lucky it may make a run for some Pips. You can monitor the action with the MFI Index. Green= more volume, Pink= Squat or decision time, Brown = Fade, Blue= Fake out. Usually, you can see when the trade may stall by observing the Pink or Brown bar .Usually the trend will continue with another Green bar. The candle and price must close before you know what the final color of the bar will be. You can watch the MFI and get a pretty good idea of what is going on with the action. Good Luck

i wishes all ff on this nihilist thread happy new year more green pips in this 2015.


love you all.

Dear Kholid79

can you please share the news indi u attached on your chart?