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- JayRai replied Apr 20, 2018
Hi all, I see some mixed reactions how to "read" currency strength from bank positions. The way i use it, is not on a blindly manner. If GBP is stated strong, that doesn't mean i jump right in against all other currencies. As i explained in the ...
- JayRai replied Apr 10, 2018
Good to see that it helps! Please do not make rushed decisions. Make good considerations if something adds to your trading. And if you make a decision, make sure you tried your best to make the most of it. Thanks for taking the time and energy ...
- JayRai replied Apr 10, 2018
I understand your point of view totally. I think most readers do actually. But regarding Bankersfx, well, i still have 2 other data subscriptions elsewhere to compare as much as i can with Bankersfx. I am not saying that i have trust issues but i ...
- JayRai replied Apr 10, 2018
Wow, that is the first time i see such knowledge in a public forum like FF. And yes, you are totally right. I am trying to keep my trading based on fundamentals as much as i can. I agree, every positive intended share is valuable. But for me it ...
- JayRai replied Apr 10, 2018
Hello reo4ua, Nice to see that it helps your trading! The answer to that question is somewhat difficult as there are many theories about that matter. I use prices from banks to determine S&R. Professionals (major banks, institutions, large ...
- JayRai replied Apr 9, 2018
Hey Zkk, Only when i am able to scalp (mentally). Due to my accident i am not always able to do so. But if, then i scalp only during volatile times. See the charts for the majors. As you can see there are enough opportunities to get filled on an ...
- JayRai replied Apr 9, 2018
Hello rvenky, You are most welcome. But i must say that it was already out there (certain data feeds) before i used it privately. I just use it on a certain way that makes things simpler. Glad to hear you appreciate it! Hello Zkk, 1. I do not ...
- JayRai replied Apr 8, 2018
Hi rvenky, Thank you. But please understand that i am not suggesting a specific service or product other than the type of service and data. There are others out there as mentioned earlier but currently i am using Bankersfx. I do not say they are the ...
- JayRai replied Apr 8, 2018
Hey msap, That is indeed what i meant in the example. Waiting for a short bearish move rises above the averaged horizontal line and enter when bearish volumes get beneath the line again. But in your case or image, it is hard to say. Your volume ...
- JayRai replied Apr 8, 2018
Thanks Hanover, really appreciate your contribution. I agree, a lot of retail traders have had bad experiences regarding paid services / products. I was once of them in my first few years before my professional trading career. Sadly there are ...
- JayRai replied Apr 7, 2018
Hi Agela, Even if you aren't associated in anyway with a paid service, your thread will be moved to commercial and you will become a commercial member. That happened to me so maybe you'd reconsider opening a thread knowing you will get a commercial ...
- JayRai replied Mar 19, 2018
Hi Angela, Looking good. Personally, i would keep using the S&R as your guide. Because when volumes are getting low... it could be that the pro traders aren't interested to take action around that price level. So you are not able to judge if the ...
- JayRai replied Mar 15, 2018
Hi Angela, The indicator is updating live indeed. Regarding RSI, i use it when i am very certain about trades. I like volumes to be more certain in some situations because that reflects a better way how (with filtered volumes) the trade floors act ...
- JayRai replied Mar 12, 2018
Hi Koh, The number in the example mentioned represents the total bank positions for that currency. It often means that several banks have bought that currency instead of 1 bank. However, sometimes it can be the case that a bank buying that currency ...
- JayRai replied Mar 12, 2018
Hello Angela, it is similar to quandl indeed but quandl deliver the needed data from LSE alone and they do not have ready to use indicators. Most common is to integrate it with HRK terminals as i remember. I use this indicator because now i only ...
- JayRai replied Mar 11, 2018
Hereby 3 trades i am having. All 3 trades are based on the top currency that are bought by multiple banks: EUR and JPY against CHF. USD/CHF: Also, i opened a long since the USD is strengthen up against CHF. But just to make sure, i moved my SL to ...
- JayRai replied Mar 11, 2018
Hello guys, I got tons of messages to please continuing the thread. After a while of silence due to 'troublemakers', i decided to re-ignite the thread. It is not my intention or need to convince you. Just explaining my strategy and sharing my ...
- JayRai replied Mar 2, 2017
Where to begin... Yes, the markets moves loads amounts of money each day but banks aren't using their biggest investments in foreign exchange. In my experience, the smartest traders aren't the bankers but the HFT traders trading directly on the ...
- JayRai replied Mar 2, 2017
Wouw. What a hate. Please do not mistake my kindness for weakness. Sorry to see that. I think you must have been hurt big time. Did you got scammed? But i have a solution to that. Actually, it is a, relative, cheap solution. It will cost you 3600,- ...
- JayRai replied Mar 2, 2017
@Kingdavid; Some trades a week and some several weeks (about a month). I do not set any specific goals regarding TP or equity curving. Just exit based on the views of banks. There are weeks that i only gained 100 pips but there are weeks that i ...