Hi Jonathan,
I want to ask you that are you in profitable area now?? Do you have a stable situation that -let’s say- 30-50 pips per week??
Have you read the thread? Most of these trades on here went for 50-100 pips in 1 or 2 trades so yes you can bring in 30-50 pips a week. However it all depend on you and how you trade this system or any other. Also nobody can guarantee you will make anything consistently every week. Losing trades happen losing streaks happen, losing weeks, months what ever can and will happen. I have been in this thread since its birth and although I dont trade it to the letter it is a very good price action strategy but you will get losing trades we all do. As far as its profitability thats entirely up to you
I have spent the past four weeks reading this thread, and I am grateful to all the contributors.
Does anyone have Nikita’s missing images from posts # 3774, 3775 and 3781 ?
The trade was taken on opening of this candle (pin bar) looking at the two white candles before that She mentioned to ignore the last candles.
A lot of pictures disappeared when they made some changes to the system Most of them were recovered but not all of them. Maybe they are in her E book?
NikitafxTradingMethod.pdf (602 KB)
I would like to ask Nikita as a professional trader; How many pairs do you have in your watchlist that you follow and look for set-ups from? Most pairs will move on the same direction at the same time, so to avoid too much analysis and analysis paralysis I’ve settled on 5 instruments of which I only trade 3 of them and use two for correlation analysis. What advice can you give?
Why made you to think that this is a sell??
So, the main idea of this strategy is to take position according to bias, trying to find a intra-day low/high to buy/sell. Right?
One trades only during the day that follows the confirmation daily candle? Is it possible that Nikita means H1 TF?
Assuming that there is an uptrend. Do we buy when price moves up and crosses the opening of D TF candle? What if this never happens? It could be the case where price moves higher than its D TF opening all day long, which means that we will not enter a buy order.
To whomever trades this system: Are you profitable? What is the win/loss ratio of your trades? Are all the rules Nikita provides still valid?
Below I am giving an example: It’s an uptrend, so we should be looking for a buy today. But yesterday was a sell, so do we stay away from the market today?
Wow thread still going , I knew it this thread is one of the best thread. Hope every one doing good and making money.
Hi Zefani , It doesn’t matter how many instruments you look at , only things matter is valid setup. If you have the capital to hold many trades at same time then its fine , What Nikita mentioned that in a single pair there is only one valid setup per day so it is advisable to open one trade per day per instruments. Hope it answer your questions.
Hi Unpip,
First question right
Second question , When we have daily candle cofirmation then move to smaller TF like 4HR or 1HR for entry.
Third question, If its an uptrend then it is good to go with the trend but if price move up higher than the D TF opening, either you don’t take the trade or wait for any retracement for entry on lower TF, or look different pair.
Fourth question, I used to trade this system only and win rate is remarkable but I do also trade different method aswell now. All rules are still valid in my opinion.
Fifth question, If its Uptrend then we can only look for buy but, according to the method we look for daily or weekly candle bias for confirmation of sell or buy not trend. Look at daily candle which is a sell so we can open sell position when price move below the daily tf open, or open short position in lower tf when 1hr candle formed pin bar at resistance, we would have made good profit. Hope it answer your questions.
Exactly, joining major intraday direction that market took. Later trading turns in second-guessing because of too much noise.
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i love this, no nonsense. how it should be.
would you suggest entering at 9:30am everyday as long as price action on weekly and daily charts align?
Or you just enter when the 1 hour is lined up with the weekly & daily?
nvm saw what you said about entry, i live in eastern time but i would definitely enter trades at 3am if it meant higher probability for wins. I actually like to use line charts as it makes it easier for me to spot clear price action set ups.
Do you ignore news?
I’m glad I found this thread because I’ve been trading this way on the weekly but ignoring the other timeframes that keeps biting me in the butt.
I noticed last time you updated this you said you are still profitable and it was dated 2013. It’s about to be 2023.
I’m assuming still profitable? lol seems like forex charts tend to repeat themselves anyways