niksidnayr26

14:18

niksidnayr26 Pro

64% success rate for backtesting ADX/DMI + Linear Regression Channel on EUR/USD for week of 1/9/2023. Had some losses near the end but was getting sloppy with my trading rules. Need more backtesting and trial and error to get my rules ironed out.

20:00

niksidnayr26 Pro

I used the replay trade function to test out ADX+DMI + using a LineReg to set TP + SL areas. I thinked it worked pretty well trading USD/JPY for the week of 1/9/2023. Success rate was 66.67% but I wasn't having strict trading rules since I was trying to trade how a normal would psychologically. I think with follows stricter rules this could have higher percent win...

02:44

niksidnayr26 Pro

Testing Linereg candles again. cannot fight the trend as proven. need to enter after 2 or 3 closed candles in direction of trend.

04:16

niksidnayr26 Pro

I have tested out Linear regression candles with my other indicators. Had pretty decent day up ~25% let me know what yall think Traded AUD/JPY + USD/JPY + EUR/USD I think you can hear my cat meowing in the background lol

01:32

niksidnayr26 Pro

Got stopped out pretty quick on this first trade of the year. I like my indicator setup but I need to work on my stop loss placement because it was almost exact with where the market headed like the market knew where I set my stop loss lol. Would have hit TP plus some if wasn't stopped out. Let me know what y'all think for proper stop loss placement, if ATR can...

00:26

niksidnayr26 Pro

Was right for a split second then trended upward and stopped me out. Maybe I should have weighed the ADX indicating a strong trend.? Idk LMK what yall think I could have done better here.

00:40

niksidnayr26 Pro

Entered this oversold position early this AM. think it was like 7:15 CST (got into work early) had inventory starting at 730 so set a lower profit target but had profit/risk at 1.5 made a nice little $57.50 off 50,000 units (~$1,060 USD) while I was away doing my work. Checking back in & think I planned accordingly for current market behavior. LMK what yall think...

00:28

niksidnayr26 Pro

So it looks like EUR/USD continued down as I predicted before. Profits could have been tripled but oh well, can't predict the market to a T. If you guys have any ideas on how to time my trades for entries/exits better please let me know! I love any feedback anyone has :)

00:31

niksidnayr26 Pro

Tried this a bit earlier when RSI started to break trend but was stopped out after seeing a quick profit, trend was still too strong. Entered again when confirming overbought area. +DI started to break its trend and trend downwards, RSI broke trend & candle was starting to close within Bollinger Bands. As I type this has continued a bit further down and you could...

00:14

niksidnayr26 Pro

Well I got this wrong. Originally I made a mistake when placing my order and bought instead of sell. Would have been fine if I didn't liquidate that position right after placement. Hindsight is 20/20. I placed this off the 30 minute chart but I guess its not as accurate as on the 15m chart? 15m chart shows a larger divergence so I think I will just stick to 15 min...

00:41

niksidnayr26 Pro

Happy Tuesday everyone! This is my trade on 12/13 shorting an overbought EUR/USD after news. Wish I got that initial leg up but by the time I was logged in at work it was starting to peter out. Waiting for my indicators to contract a bit and had a candle close inside the Bollinger bands. Still trying to figure out my stop/take profit using Bollingers but I did end...

00:40

niksidnayr26 Pro

Liking the ADX & DI indicator. A lagging indicator so I think using in conjunction with RSI & Bollinger Bands should work well for confirming trends & setting targets.

00:23

niksidnayr26 Pro

Welp, I got this one completely wrong. This immediate went the opposite way & went hyper until it stopped me out in like 90 seconds. Thought it was bottoming out & it would pop up a little. Good thing I always at least set a Stop Loss. Not big on take profit targets, I like to let them run a bit. Trying out new indicators I have found & liked so will likely have...

00:13

niksidnayr26 Pro

Entered off the MACD divergence & RSI high/ crossing MA. Was wrong on this one and set my stop. Added some new indicators to test. Will continue

00:11

niksidnayr26 Pro

Chart showing uptrend continuing after my sale. Linked to my previous video

00:33

niksidnayr26 Pro

I entered into USD/CHF when it looked overbought on 5m chart. RSI was high & so was MACD. Notice the double top on the RSI below. Waited for a break below the 14 SMA on the RSI and was a little worried the uptrend would continue as my trade immediately went the opposite way. Bit riskier trade for me, especially with risk/reward ratio only being .54 Hit profit...

00:12

niksidnayr26 Pro

Glad I locked in profits when I did. Price reversed and started a small uptrend which would have eaten my profits. See the MACD where it meets the signal line to find equilibrium and then continued up. I could have exited when RSI breached signal line as well for better confirmation but that would have eaten about half of my profit. Let me know what y'all think of...

00:44

niksidnayr26 Pro

12/2/2022 EUR/USD 7.67% trade. Tried new indicator to spot reversals. Seems like a coin toss since gave a false signal before my entry; glad I waited. Entered when confirmed overbought and beginning to decline. Went sideways for a bit but was also over the lunch hour. Pulled out right when RSI started to trend upward a little. Might have gotten out early but 7.67%...