Aye players, some hard stats on this if you aren't convinced: I added this into my back-testing program and tested it on all 28 currency pairs over the last 2 years on the 4 hour chart, this shit would have put 1,600 pips back into my account over that time. Get around it
@27g27s27k5 жыл бұрын
We don't trade 4 hour chart.
@aidasmbeinorius89005 жыл бұрын
@@27g27s27k but this way its more data
@aidasmbeinorius89005 жыл бұрын
@@27g27s27k he didnt say he traded, he backtested.
@boris93315 жыл бұрын
Frank Woodly, how does it work with the Aroon as the confirmation instead? Any data on the D1? It's interesting if we could play around with the magic number, but since VP mentioned 7, I think it's a good starting point.
@ladidaselavie21874 жыл бұрын
hey @Frank Woodly. Where did you get this back-testing Program?
@slipsonic5 жыл бұрын
I have similar rules I've come up with while testing my algorithm. Like if my first confirmation indicator says go, but the second confirmation doesn't catch up within 3 bars, it's a no go even if second conf catches up on day 4. Probably 80% of the time that happens, it would have been a losing trade. The coolest part is if a trend does actually go, confirmation 1 will give another signal and get me in. I saw a bunch of times during back testing that this rule kept me out of a retracement, then got me in at a similar or better price when the trend decided to go. Great video, thanks!
@fatsoaok67492 жыл бұрын
Held back from watching until I started seeing consistent gains during my live testing, after flipping 91$ into 190$ I felt like I deserved this video (that 91$ is now 300$, baby steps!), but to sum it all up: GREAT VIDEO, DEFENSE WINS CHAMPIONSHIPS, but VP, one tiny drawdown if you don't mind: When you said "ask my traders and they can tell you great things will happen". Great things is a MASSIVE understatement 😉😂. But in all seriousness, I will never be able to thank you enough. Thanks to you I went from disability earner to professional pip collector. I don't have words strong enough to thank you but i will say this: You a straight G for dropping all this knowledge. Not only did you give me a life changing opportunity but you helped me discover a new passion. The money is nice of course but I see technical trading as a pure form of art. Much love V, take care of yourself big man. Fatso from Montreal, Algerian trader.
@sheka89673 жыл бұрын
After watching most of the youtube video as an aspiring forex trader, this is the best trading channel ever
@MalaLlama4 жыл бұрын
Man... one expect something suuuuuper complicated... like maths and calculations.... yet you make it soooooooo easy. The hardest part of your process is finding the right indicators... everything else is given to us. Really thank you man!
@rabbithole87765 жыл бұрын
I promised my wife not to watch porn anymore, thanks a lot VP
@elfullin5 жыл бұрын
I’m not part of the “homies” yet, but I’m watching to show support 😂
@shawnledwaba3975 жыл бұрын
It took me some time to adapt to your methods. Now I think it's safe to say you're the best person everyone needs to be successful in trading
@throwaway24785 жыл бұрын
I never comment on the videos, but sir you are a legend.
@idreesahmed45365 жыл бұрын
I have been facing losses due to not having this tactic before thnx vp again u r the best of the best out there
@BM-yl4bv5 жыл бұрын
What I love most about this whole course VP is that you teach us to think differently and look at things I normally wouldn’t. Every single other mentor I have had has given the tools that work for them and said “here go do this” but when I try it doesn’t work. Cannot thank you enough. From the bottom of my heart, you will never know how much these videos have helped.
@plugsa92823 жыл бұрын
2 years ago i found ur channel and watch all of vdo that u have but i slept every time. In this year im back and have some experience in market i watching u again but now im completely understand . thank you. in the end of this year i'll show my results
@toryhopkins5975 жыл бұрын
VP your videos have dramatically changed my trading. I'm still tweaking and learning. I haven't hit a 1000 pip homerun yet, but outside of my own stupid mistakes, I was slightly up over the last 2 months of trading the system.
@davidclayton67915 жыл бұрын
As always no BS and great tips that either make money or save money = same results. Profit. I have renamed this the 7 dwarfs, thanx for all your hard work, really appreciated.
@brianonu2b5 жыл бұрын
This is essentially a "Six-Candle Rule" max permissible wait for the baseline to come into agreement with the 1st Confirmation Indicator's most recent two line cross (if the 1st CI is indeed a two line cross indi). Thank you, VP!
@MikeyDavis2 жыл бұрын
You can summarize this video into one line of code in pinscript. Add " and barssince(crossover("line one of your 2 line cross indicator", "line 2 of your 2 line cross indicator"))
@Profe_AlekCosio4 жыл бұрын
VP my No Nonsense G, Just thought Id pop in and show you some love. Ever since I started following you I've realized that you have not only have you shaped me as a trader, but you also have taught me how to be a G. The reason I picked this video, well its because "the bridge too far" phenomenon occurred this week on EUR/GBP & GBP/CHF. I hope you're killing it as always!!! And as Notorious BIG said in his song 10 Commandments "7, this rule is so underrated Keep your family and business completely separated Money and blood don't mix like 2 dicks and no bitch Find yourself in serious shit" Thank you for showing us young cats how to cross the bridge.
@16anais163 жыл бұрын
man, ive seen many videos and courses but i have to say no one is as helpfull as you! thank you for sharing this with us
@ricky46825 жыл бұрын
Lol chillin like a "G". The first time I watched this it didnt make heaps of sense until I found a few of them. You are right they are hard to spot, unfortunately on some pairs it saves and on others keeps me out of trades but havent tested it enough to really give an educated opinion... but when it works it doesnt take long to show you it works. good tip, cheers!!
@kingwilly80413 жыл бұрын
It kept you out of good trades because "7 candles" is arbitrary nonsense. I like No Nonsense Forex but can't agree with him on this. I will say, however, this is one way where you can be "better safe than sorry."
@mathewtabiri69515 жыл бұрын
Any tactic to minimize our downside is totally welcome.indeed we win by not losing.Many thanks VP
@geddoncarcus40265 жыл бұрын
I’m brand new to trading and just binged 4 hrs of your vids, haven’t even set up a dummy account yet, I’ve gotta be the luckiest guy on the planet to have found this gold this early. 👍
@TheRashedkhan5 жыл бұрын
You really are, I have blown up two real account before finally found this channel. And forget about the money and time spend for rubbish/basic (sometimes) education.
@KnJFam5 жыл бұрын
I needed this, I've been in a mental battle about entering trades that gave signals from 1-2 weeks ago, didn't end too well for the most part especially with the dead market
@Hans-ku7vy4 жыл бұрын
oh my god i was just thinking about this and then decided to rewatch some of your videos then voilah it took me here!!! law of attraction baby!!!! thanks you my good sir
@Mohale945 жыл бұрын
I also name my strategies randomly "Pencil eraser" "Nissan toilet" "Penguin Toenails"
@NoNonsenseForex5 жыл бұрын
We are long lost cousins after all.
@Mohale945 жыл бұрын
@@NoNonsenseForex 😂😂😂
@IncredibleMet5 жыл бұрын
Do penguins have toes?
@nexus95295 жыл бұрын
As always, thats the best forex trading channel ever... Thank god i found you long time ago VP.
@selasesabah71865 жыл бұрын
Another gold in the bag. I am usually conscious of not chasing the trend, so this magic number really comes in handy. Thanks VP
@jorgegonzalezlucas488110 ай бұрын
Hello. I am new to the channel and devouring its content. The Bridge Too Far Rule of this algorithm, in my opinion, has two sides. One, the more spoken about one, when the price crosses the BL and triggers an entry signal. Then you have to look back to see when the C1 gave the signal and if it is apart more than 7 candles from the cross you have to dismiss the entry. But there is a non so common variant when the price crosses the BL but there is no C1/C2/volume agreement and you have to wait for the alignment to happens for maximum 7(?) candles. If the first nuance is called the bridge to far, the other one is a "bridge too near"? I am writing the script in pine now and I need to know if I am right or misunderstood everything. Please, VP!!
@NoNonsenseForex10 ай бұрын
I don't quite understand what you're asking, but I will say that if it's not very common then don't worry about it, it won't move the needle much. Just default to what you would normally do in that situation.
@jorgegonzalezlucas488110 ай бұрын
@@NoNonsenseForex I wish I could explain more in detail but my English is limited and the subject requires even visual depiction. I finally coded the algorithm in Pine script and I am very pleased with the results. It's premature to be excited but I am anyways. I found an Exit Indicator that works so well that it exits just one candle out of the pick. Awesome! Thank you, very much, for all the knowledge you share with your community. You are a life changer.
@firewight19445 жыл бұрын
Oh wow, cheers mate! Dropping value bombs as usual bro!
@niteshade22712 жыл бұрын
I'm so fucking glad I'm rewatching this during my longer-than-i'd-like-to-admit/back-and-forth backtesting phase. That 7 candle thing really screwed my bottom and i was like damn but what do I do?!? I couldn't find an indicator that could prevent this! This isn't even what i was looking for! But thanks.
@diamondken56025 жыл бұрын
Thanks VP for this eye opener, LEARNING NEVER ENDS
@njidekambonu66194 жыл бұрын
Thanks for taking the time to break this down VP. I am trying to wrap my head around the different baseline rules... So.. it sounds like I can give my indicators ample time to catch up to my baseline cross (one candle rule does not apply here & not more than 1XATR move away from baseline). BUT, I have to apply the 7 candle rule in the reverse case of my baseline catching up to indicators. So seems the baseline is really the anchor of the whole trading algorithm - if it is not in alignment or if it aligns too late, no trade! I hope I am thinking this through properly lol
@RELAXISLANDS4 жыл бұрын
Hey Man you are perfect I found my own pieces with your help now I started making money , I Love you, YOU are the BEST.
@lokone3034 жыл бұрын
after 9 months forwardtesting demo, finally i added this. Lets go for the long run!!!
@DavidSmith-kz4rj5 жыл бұрын
I personally check confirmation first, then use baseline, volume, etc to filter. So this doesn't apply to me. I still appreciate you sharing this kind of thing because you never know what will come in handy in future.
@nikolaynikolov57045 жыл бұрын
Jesus thanks , i've been waiting for this kind of video for a bit now , the later signal of the EMA , when the confirmation indicator said GO a long time ago, i've been thinking if i should just go with it or just not take the trade, thank you VP , love the video and you helped us again
@mic79964 жыл бұрын
This answered a question that I had from the Ichimoku videos. I was wondering about "stale" confirmation indicators. Glad I watched this and I agree.
@mic79964 жыл бұрын
XD I also have a Dyson fan. The thing is awesome. Programmable, filters air, I recommend it.
@Smelch3 жыл бұрын
VP is the gift that keeps on giving
@Smelch3 жыл бұрын
Thank you
@daniell95644 жыл бұрын
I have to say I’m new to this already lost some good cash and I’m not the type of person to do a lot of research and just go with what I see but after listening to loads of ur videos it’s making me excited to do the research and get good at something for a change thanks bro
@brown_shark7065 жыл бұрын
❤❤❤❤❤❤ it. I noticed it many times that sometimes it's too late and I didn't know what to do.
@brucek29465 жыл бұрын
I tried this and found 4 really good set ups to test ... I used the daily time.. EUR/AUD Long @ 1.6040... USD/CHF Long @ 0.9905 .. NZD/JPY Short @ 72.30 ... NZD/CHF Short @ 0.6595... these were set just after the daily candle closed after 8pm ET (7/25).. I did my research between 6:30 & 8pm ET just before the candle closed... as of 10:45am ET (7/26) all are a success.. most particularly the EUR/AUD.. just wish I would have actually been in at least one of the trades for real... but testing first is important .. Im definitely excited about this strategy... THX !!!
@scotvaka1t3755 жыл бұрын
Wow you're a beast VP! This was an awesome video!!!
@jordanmckenzie15245 жыл бұрын
Idk how you do it, but as soon as I feel ik it all in forex (from ur videos) u bang out completely knew information. Keep it up!
@leougo39184 жыл бұрын
Guy you made my day. Just watching this video I can see bad trades eliminated
@pausebreake3 жыл бұрын
Man, just wanted to thank you, VP, you are the best!
@jesscruz57745 жыл бұрын
Man, your the best VP! Know that I just stumbled upon your video when I was looking for what currencies to trade, and from there you got me hooked, and changed my perception and techniques, so far all your guides worked for me. Still watching your vids, many thanks!!!
@vishrut_k9 ай бұрын
hello vp, I wanted to express my gratitude for your forex playlist on KZbin. I started watching your videos from January 1, 2024, and have followed your recommended sequence of learning, covering core concepts, psychology, and money management. I've diligently noted down and recall the essential points from all the playlists. Your teachings have been immensely helpful, and I'm eager to continue learning. Currently, I'm diving into the technical analysis playlist, and I'm at a point where I'm unsure whether to watch all the technical analysis videos first or focus on building my entire algorithm. Could you please advise whether I should continue watching all technical analysis videos before constructing my complete algorithm? Your guidance is appreciated.
@NoNonsenseForex9 ай бұрын
Once you get into the "indicator profile series", you can stop
@scotthughes24135 жыл бұрын
I find using the 50 SMA with the RVI is pretty accurate, VP. And thanks for the video, another one to add to my notes 👌
@adamtuppa53505 жыл бұрын
Hey scott, on which timeframe?
@cantho115 жыл бұрын
Nice work, please provide detail of your test. Thx Scottio
@stargazer44365 жыл бұрын
Thank you VP, better than ever, as always
@TheOfficialNainRouge5 жыл бұрын
Love you bro, I applied what ever you taught me and it worked!!!!!
@Perfect_Entry_levels5 жыл бұрын
VP I am your #1 follower.
@mattimalchi93445 жыл бұрын
Just love your work VP !!! 7 is the magic number... :)
@jiqi41944 жыл бұрын
Man VP, Love ya. thanks for this bridge. I got into this Trading Company, they ask for 5% return in 5days for the DEMO, and if I pass they will give me real money to trade, the goal is 12%for the month. even If I didn't pass, I will have a Real money Trading experience, That will be great for my trading psychology. but I do hope I pass because they pay really good money. hahahah
@josephamir45674 жыл бұрын
12% wtf
@botte94062 жыл бұрын
@@josephamir4567 That was exactly my thought "WTF"
@Xkcdboy Жыл бұрын
FANTASTIC EXPLANATION! Can we trade this on smaller time frame as well?
@derranmckenly10 ай бұрын
i question i want to know too i trade on the hourly chart i get very good signals / and a good win rate. stay strict with his rules doe
@nehemaialord26534 жыл бұрын
Does this apply for continuation trades as well?
@Porphyrogenitus1 Жыл бұрын
"It's hard to remember now but Europe was like this in 1944. . .in September, 1944, Montgomery devised a plan given the code name Market-Garden. Eisenhower, under great pressure from his superiors, finally sided with Montgomery, and Operation Market-Garden became a reality. The plan, like so many plans in so many wars before it, was meant to end the fighting by Christmas. And bring the boys back home."
@jesspadayao65885 жыл бұрын
Come on guys .... we are almost 100K Go Go Go VP keep up
@pureheart79625 жыл бұрын
Thanks VP! Almost done with an algo!
@cazkeymekam64275 жыл бұрын
Dude I needed this video. There have been a couple times wins were barely wins because my confirmation was so long before it actually crossed the baseline. I'm sure in time I would have settled on a number but this helps a lot. Thank you.
@bowang38475 жыл бұрын
Thank you again, VP! Please share more if you can! Thank you Thank you Thank you!
@mechaniklee6185 жыл бұрын
Hello VP i am a newbie i am gathering info u are an excellent teacher Congrat for u to hit big 100000 subscribers i am sure u will hit 1 million without problems Good luck and thank u for your valuable time Warm aloha from Hawaii
@helmithie2 жыл бұрын
hi VP, i just have few questions. first, the bridge too far only applies to baseline crosses entry right? not continuation? second, one candle rule only applies to continuation entry and not baseline crosses entry right?
@NoNonsenseForex2 жыл бұрын
Yes
@helmithie2 жыл бұрын
@@NoNonsenseForex thx VP 👍👍👍
@arthaslee56785 жыл бұрын
Unknowingly I have been practising this. In fact I only enter a trade when both baseline and confirmation indicator crosses together. Thanks VP!
@noaholave5078 Жыл бұрын
I looking at this and another piece of advise was to skip the trade also it the baseline signal is right at the downward trend line and or the signal is bullish in a bearish trend
@lestertolentino9074 жыл бұрын
Best Forex Mentor
@hellohi98903 жыл бұрын
Lol I was in a trade while watching your video , I was in a 20 pip loss and had no clue why it was in loss, the reason was this 😂
@mashroorsiddique7245 жыл бұрын
My Algo is based on Gann's time cycle , this new tip would fit right in , VP !
@tongv55343 жыл бұрын
I watch 3 times this video to understand, thank you so much.
@r68545 жыл бұрын
I am going to backtest this and see if it adds to the arsenal!
@SSEnrich3 жыл бұрын
I will watch this video again to understand it 100 %. But it seemed like a lot of words and chart examples with the number 7 just to tell us. Don't chase in trading. Or am I wrong?
@faton71995 жыл бұрын
Thanks a lot VP for another brilliant strategy..
@giftedbuthumble3 жыл бұрын
Hey what are your periods and shifts on your EMA?
@johnkscott47815 жыл бұрын
This is gold. Thanks VP. Been noticing this a lot and have actually shied away from some trades because the "trend" was too long in the tooth. Not quite formalized like this. This is some awesome validation.
@isaacwong57835 жыл бұрын
Nice, looking forward to email you with at least 10 dysons fan hahaha. Way to go VP!
@ImYXiang3 жыл бұрын
Hi VP, there's 1 part that confuses me is this: If the 1 candle rule applies, won't the "bridge too far" rule invalid since its way past 2 candles at this point? Because at the next candle after main CI agrees, since baseline did not cross it (1 candle rule triggered), why would you wait 7 candles more? You get what i mean?
@antoniomachado8782 Жыл бұрын
Remember you can also get valid signal due to a Baseline cross, according to VP. If when that happens, all the other indicators agree.
@juniornxumalo32255 ай бұрын
man i was literally journaling a lost trade and i asked myself: is there a limit to how far ago my confirmation indicator must have confirmed a trade ? because my second confirmation indicator lagged so hard that it only woke up when the trend was ending .
@jer-5 жыл бұрын
whoaaaaa, NEW WAYS OF THINKING. Love it man
@salvatorederosa69375 жыл бұрын
Did I get this? if seven candles back RVI is long, skip the trade whether it's a short or long? Does it work on Renko?
@yunashanifah37994 жыл бұрын
Vp thanks for video. How about if price cross base line but confirm inficator not work until several candle? Should we entry the trade? Or maybe yoy have a rule? Thank you
@rady09104 жыл бұрын
how about the re-entry on baseline, does it apply? if price travel 7 candles long, then price cross short on baseline then cross long again on baseline, but your c1 not cross back and still in long signal 8 or 9 candles away. you should re-entry or not ?
@urmilasalve29395 жыл бұрын
This NNF video is bang on time.....My system not fully ready but I think I have somewhat same kind of situation today after waiting for eight days for USD/INR pair I.e.26 July 19 and I was so hesitant to take it and finally didn't ! Got my answer today why it would have been a loss. Thanks VP
@AJ-jr9yv5 жыл бұрын
"for the rest of us mere mortals" lol
@TheOscar7867875 жыл бұрын
This morning I snoozed the alarm, and your video notif woke me the f up... Thank You VP!!
@pearlandjakearcher83855 жыл бұрын
Good stuff once again. I emediatly went back to the beginning of this year and KABLAM there it was, the magic number 7. Cheers VP, you that man.
@mrcornutt5 жыл бұрын
New videos highlight of the week. Thanks VP
@JaysSilence Жыл бұрын
Does this applies to Metals/ Oil & S&P aswell?
@afny1st4 жыл бұрын
Hi VP how much do you do by year from FOREX TRADING ?
@paulcal35005 жыл бұрын
Great vid. This is something I had been wondering about for a while. Is there any reason behind the 7 day period? I am wondering if you arrived at this in an empirical way or if we can tweak this to be longer/shorter to be more effective. I am sure you did but just curious!
@NoNonsenseForex5 жыл бұрын
Like everything, a lot of trial and error got me to that number.
@boris93315 жыл бұрын
@@NoNonsenseForex Would it vary though depending on the Pair you trade? Some FX education teaches that every pair has it's own DNA or Behaviour, while other FX education mentions a good strategy can rule supreme regardless of the Pair. I'd like to get your take on it. Personally, I think certain pairs need a tweaked strategy, volatility may affect the 7 Candle rule ?
@kiiraine2 жыл бұрын
This reminds me of Tom demark indicator. It's a very useful one.
@Ranteray5 жыл бұрын
this is Brillant.. really.. congratulations and thank you very much!!
@Chris_Mw4 жыл бұрын
Hey VP, Please make a playlist containing the algorithm videos. Thank you. I love your channel. New sub.
@OneCreator875 жыл бұрын
Thanks for sharing VP, my best wishes for you!
@julianrodriguez_4 жыл бұрын
VP, as a trend trader I find myself ONLY entering just after my signal line crossed over, I won't even enter after 2 candles if j missed the entry. Is this too conservative? So far in the last month im 13 wins for 15 trades. Still need to find my volume indicator though
@lauby1825 жыл бұрын
Once again, great video VP! Thank you.
@robbiejanes20585 жыл бұрын
Hey VP, how comes you are moving on to advanced tactics without covering things like a Trailing Stop. Is this because you feel it isn't needed anymore due to the discord channel?
@boris93315 жыл бұрын
He has covered it in previous videos, and he highly recommends it. Try watch the Risk video I think it was in this one, but I do know it was covered in one of his earliest videos so start from the begging
@achmadmuchtar24935 жыл бұрын
Thanks VP, you show me the way to abundance.
@roe21235 жыл бұрын
What’s better than the RVI?
@adriane.wenceslao5 жыл бұрын
you’re the absolute best VP!!!!🔥🔥🔥🔥
@vincent2404 жыл бұрын
VP, I am almost done automating your ideas and rules into my nnfx strategy. I have one question regarding this video: does this tactic apply to continuation trades?
@NoNonsenseForex4 жыл бұрын
No
@XxQUIKSC0PZxX5 жыл бұрын
I’m not a new trader but I’m still in the backtesting phase(I’m 6 months in and have two solid strategies with a 73% win rate,actually started live trading this morning) and I’m curious, what would you consider a ‘good’ indicator? I’ve seen your videos on MA’s and I’m using them and have found success with them but I’m just curious what a good indicator would be in terms of things you look for