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  1. #1
    Legendry Member Okane's Avatar

    Joseph Nemeth’s Strategy - 1-4 Hour Expiry !!!

    Mashing Up Time Frames for Аdvanced Тrading – The Joseph Nemeth Strategy

    This is a trend following strategy that uses several timeframes.
    It uses Heikin Ashi, EMA 20, MACD and CCI.
    You can use it for hourly expiries or higher and there are three major rules to keep track of.
    Click the link above to read more and see the pictures!
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  2. #2
    Veteran Member Ronnel's Avatar
    Hi Okane Sensei,

    Joseph Nemeth's YouTube videos are one of my favorite. I probably have seen his videos more than 25 times and still watching to it... I like how he talks and also very funny. I tried his strategy and I found it also usable for binary. It was his video that made me love CCI. The strategy he uses is very similar to the one I'm using but mine is just naked heikin ashi but the concept is still there. Just like he said in the video that newbies should follow the 20 moving average but advance traders could trade even when the candles are off the moving average. About renko, it does give another good confirmation of the trend. I don't use renko anymore because I really want to be a minimalist and with proper heikin ashi reading skills, I found out that I can rely on heikin ashi alone. It is a very solid strategy but to make it more solid for heikin ashi newbies, I would suggest that the student should learn how to properly analyze heikin ashi. Just like candlesticks, heikin ashi has some hidden secrets too. If one learns it secrets then it will be very easy for him to adapt to this strategy and get very good results.

  3. #3
    Veteran Member Ronnel's Avatar
    Another comment about this strategy...

    I've shown his to my Japanese mentors before and they said that they've seen some similar strategies being used by Japanese traders long before but back in those days it was RSI or Stochastic and same with moving average but the setting is smaller when used in smaller TF like 10 or 5 but some does use 20. Renko is widely used by Japanese traders too. Basically the rule that I know is for Forex like putting SL on top of the candle or a few pips above on a downtrend. Entry is 1st or 2nd opposite color candle near resistance line (depending on shape, style wick, etc...) and exit is when the candle changes color and near support line. But the trader must read the candles for proper signs of divergence before they exit because it might be a fakie and may lose a few pips if they exit too soon. For Binary, I trade it similarly but I just count candles from present position to target destination to calculate my expiry. This also depends upon the last few candles size, features, wicks, angle, etc. to complete my analysis. I really can't comment much on on Mr. Nemeth's strategy since I've only tried it a few times and went with the traditional Japanese way of reading heikin ashi but because of the similarities, I can say that I really like his strategy plus he is a very successful trader and is doing well with his technique and this is why I love watching his videos. I've also seen living proof successful Japanese heikin ashi traders that uses similar strategies and this is one reason why my mentor instructed me to learn heikin ashi after studying candlesticks because heikin ashi is very user friendly. For me I use heikin ashi 75% and candlesticks only 25% when trading live because I find it a lot easier to use. I only shift to candlesticks when the range is very tight on smaller TF expiry. Mr. Nemeth said that heikin ashi works well for all TF but works better starting on M30 and I believe him. For me I prefer using it on M5 and sometimes M1 chart to analyze M10 to H2 but I wont suggest using it on lower TF charts unless the trader has really done his homework on heikin ashi. My other suggestion is to find a good mentor who has good knowledge in the traditional Japanese candlesticks and heikin ashi analysis if he would like to play with it on lower TF because I've learned that there are traders who tried using it and ended up in disaster because they can't do proper analysis and are not good with S/R and plotting trendlines.

    Like he said in his video that the strategy is very simple and I believe him because I'm using a very similar strategy too. Though I prefer naked charting, sometimes I also use CCI but instead of the moving average I use the clouds on Ichimoku minus all the other indies that goes with it. The concept is very similar in my opinion plus this setup too has been a regular favorite for naked traders here who like to have the clouds instead of a moving average on their chart's background. Similar tactics just different weapons.. I didn't mention about MACD and the reason is though MACD is a very good indicator is that sometimes it's too conservative for me. It gives good safe signals but there are times it makes me nervous when I want to trade against the my trendline's direction for small pips because it's shouting "don't trade!!!". Sometimes I like to trade with the bounce and MACD is preventing me to. MACD is one of the best indies out there in my own opinion especially if one wants to trade safely. Another difference is that I prefer using moving S/R and trendlines than the stronger stagnant trendlines especially coming from higher TF. One tip I got from my mentor is heikin ashi goes well with moving S/R and moving trendlines... Mr. Nementh did not talk much about S/R and trendlines, maybe he is using the same technique too???

    Mr. Nemeth says that he was a very bad trader before and suck reading candles but I think in reality that he can feel the candles and is a real genius.
    Last edited by Ronnel; 01-25-2016 at 01:43 AM.

  4. #4
    Master Member Bogdan G's Avatar
    Hi Ronnel. You love writing, dont you :P
    What do you mean by moving S/R and moving trend lines? Moving SR is probably a MA but moving trend lines - i have no idea
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  5. #5
    Veteran Member Ronnel's Avatar
    Quote Originally Posted by Bogdan G View Post
    Hi Ronnel. You love writing, dont you :P
    What do you mean by moving S/R and moving trend lines? Moving SR is probably a MA but moving trend lines - i have no idea

    You noticed, haha! If you look hard enough you may bump over some of the stuffs I wrote about weird motorcycle DIY repair, extreme riding and military martial arts on blogs and forums plus some weird DIY e-books that my geek buddies have published, hehehe...

    Moving S/R uses the strongest or most dominant peaks of the highest and lowest points found near the right side of the chart. Sometimes it resonate with the movement of the oscillator and can also be used as plot points for Fibonacci. As the candles move, I have to constantly adjust them, it is also very similar to the movement of Chikou Span in Ichimoku where price is being followed constantly unlike the traditional S/R where plotting is based on the strongest peaks from higher time frame or from a zoomed out chart. Same with moving trendlines where plotting is constantly adjusted very close to the candles on the right side of the chart and refraining from getting data from a wider view. Some of the lines are plotted based on the peaks of the dominant trend points, some are plotted like moving average and some are plotted as roofs or lines for probable points of reversals. Easiest practice to do this is to use fully naked charting because without indicators it's really easy for one to lose his sense of trend direction, it's like running blind, lol.

  6. #6
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Ronnel View Post
    You noticed, haha! If you look hard enough you may bump over some of the stuffs I wrote about weird motorcycle DIY repair, extreme riding and military martial arts on blogs and forums plus some weird DIY e-books that my geek buddies have published, hehehe...

    Moving S/R uses the strongest or most dominant peaks of the highest and lowest points found near the right side of the chart. Sometimes it resonate with the movement of the oscillator and can also be used as plot points for Fibonacci. As the candles move, I have to constantly adjust them, it is also very similar to the movement of Chikou Span in Ichimoku where price is being followed constantly unlike the traditional S/R where plotting is based on the strongest peaks from higher time frame or from a zoomed out chart. Same with moving trendlines where plotting is constantly adjusted very close to the candles on the right side of the chart and refraining from getting data from a wider view. Some of the lines are plotted based on the peaks of the dominant trend points, some are plotted like moving average and some are plotted as roofs or lines for probable points of reversals. Easiest practice to do this is to use fully naked charting because without indicators it's really easy for one to lose his sense of trend direction, it's like running blind, lol.
    so, like a pivot point?

  7. #7
    Veteran Member Ronnel's Avatar
    Quote Originally Posted by Michael Hodges View Post
    so, like a pivot point?


    Yes it's for pivot points but also serves as S/R because we only use the most dominant peaks and if checked with a higher TF chart, often has the same S/R plotting point. The trendlines we use as our moving average or trend detector since we don't have any on our charts. Sometimes we add another roof or a blocking trendline if we see signs of divergenge or when the candles starts showing signs small ranging, then we wait for breakouts. This also helps for seeing probable retracement and fakies. We don't usually plot all the lines every time since there will be no point of using naked charts if we clutter it with too many extra lines so most lines are kept in our imagination. Too many lines, maybe I should just add indies to make life easier, haha!

  8. #8
    Legendry Member willyw's Avatar
    Quote Originally Posted by Bogdan G View Post
    Hi Ronnel. You love writing, dont you :P
    What do you mean by moving S/R and moving trend lines? Moving SR is probably a MA but moving trend lines - i have no idea
    Moving avaerages can also be used as moving S/R. There is also a moving trend line indicator which I used in my Metastock (not MT4) program which adjusts automatically as price changes. My customize indi i show u can also be a moving trendline!!!!!

  9. #9
    Specialist Member Million Dollar Baby's Avatar
    Quote Originally Posted by Ronnel View Post
    Moving S/R uses the strongest or most dominant peaks of the highest and lowest points found near the right side of the chart. Sometimes it resonate with the movement of the oscillator and can also be used as plot points for Fibonacci. As the candles move, I have to constantly adjust them, it is also very similar to the movement of Chikou Span in Ichimoku where price is being followed constantly unlike the traditional S/R where plotting is based on the strongest peaks from higher time frame or from a zoomed out chart. Same with moving trendlines where plotting is constantly adjusted very close to the candles on the right side of the chart and refraining from getting data from a wider view. Some of the lines are plotted based on the peaks of the dominant trend points, some are plotted like moving average and some are plotted as roofs or lines for probable points of reversals. Easiest practice to do this is to use fully naked charting because without indicators it's really easy for one to lose his sense of trend direction, it's like running blind, lol.
    It seems like a very good setup as it is based on multiple timeframes. I find it hard to constantly adjust so many lines though. Do you do it manually or have built some automated solution for that?

  10. #10
    Legendry Member Michael Hodges's Avatar
    It took me a while to remember this, I know two indicators that provide a kind of forward projection of trend/support/resistance.... one of them is the time series forecast....

    http://www.binaryoptionsthatsuck.com...ts-about-time/

    this one is like a moving average but is a focus of several time series analysis into one time....

    Zig Zag may also be ok, there's another one I can picture in my mind but the name is eluding me... its like a trend line, maybe a linear regression line? I'll be back with a better answer.

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