Edit See ya later bojack34
Edit again. I'm in trouble now. I can see a divorce coming LOL
The most violent element in society is IGNORANCE
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One trade per daily bar, or per X bars on current timeframe 0 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
Disliked{quote} LMAO I was just about to do one.... I love my edits :-) - Hope you doing well.. Dinner and a few brandy's now... Not stopped raining yet. Edit See ya later bojack34 Edit again. I'm in trouble now. I can see a divorce coming LOLIgnored
Disliked{quote} LMAO I was just about to do one.... I love my edits :-) - Hope you doing well.. Dinner and a few brandy's now... Not stopped raining yet. Edit See ya later bojack34 Edit again. I'm in trouble now. I can see a divorce coming LOLIgnored
DislikedImpenia (https://www.forexfactory.com/impenia) difference is 4 hours vs D1Ignored
Disliked{quote} Because you are talking about the timeframe which you are calculating the lots differences as day but using 4hr - I have shown that your lots values are different for the 4hr vs the D1 value. Myfxbook is displaying H4 & D1 the same - I am advising you your excel sheet is showing different. Positions are the same but you are displaying lots in your posts. Comparing Myfxbook lots or positions on different days has nothing to do with price.Ignored
Disliked{quote} COT is good but no quite update for short term trade and delay for several days...so it maybe good for long term investing rather than trading....myfxbook is just use as a proxy or gauge of retail emotion...and all we know retail emotion are mostly wrong and we just do the opposite to the emotion not because of their share of the FX market.... ps. I am not the expert of this method, I am just a student of it. But from the method and the perspective or way of thinking of this method. I have seen myself....how dumb, how desperate and betting...Ignored
I never really understood the import of these statements until I found this thread and the dots began to connect.
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I completely understand if folks have reservations about this strategy or even have questions about Neil's motives. As for me, I think there's immense value in this way of thinking. Just because I've found this thread, I'm not going to suddenly throwaway all my TA & FA, but will simply use the information shared here to refine and enhance my trading strategy. The same old Price Action, Support & Resistance still works.
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This is the first thread on FF I'm ever actively subscribing to and participating, even though I've been quietly reading through some other great ones like Davit's Pivot Point and Strat's PASR threads.
Disliked{quote} I agree with your submission, Jason. The myfxbook data may be just a small sample but it's not insignificant in gauging retail sentiments. Have you ever wondered how exit polls are generally able to predict the outcome of final election results (even though only thousands of people were used as against the tens of millions that actually vote)? Sampling is an important subject in statistics. --- Just like you, I've always found myself trying to fight a trend and averaging down my orders, so I'm not surprised to learn that the vast majority...Ignored
DislikedI really do think the COT report should be the subject for another thread. Just because on paper a currency strengthens it doesn't mean its going to move, other currencies have to be taken into consideration, this now becomes a number crunching exercise. Scorpion has done that. This thread has all the relevant info on Page 1 Post 1 and removes the real need for the COT report and excel. Keep it simple......Scorpion and Myfxbook to get the relevant pair and assumed direction. Then use whatever technical's we individually prefer to enter and exit...Ignored
Disliked{quote} Well, yeah, I agree that we should try to keep this as simple as possible. No point over complicating things. --- My excel, though is nothing more than the same data from myfxbook that all of us are looking at. I just figured out a way to lay them out, so I can see patterns...especially when retail sentiments is changing. But quite frankly, you don't need it. Neil has been been doing fine so far without it. So, as I said, I'll do everyone a favour and stop posting them to prevent further distractions.Ignored
Disliked{quote} Test it. GBP went up til 3rd Jan and then came down til 12th Jan - Asset Managers/Institutional correct, non-reportable wrong. With COT we are talking the week prior. It doesn't tell us days. COT - data collected from Financial institutions. Myfxbook - anyone that has hooked up myfxbook to their trading account. Also - this 'liquidity from retail' - the stats bounded around on here say retail is 2% of the market.... "certainly seems to work in the main as has been proved already on this thread" - thread has been open less than 2 weeks. It...Ignored
Disliked{quote} Firstly, I said that they (large institutions) do NOT get liquidity from small retail traders so I don't know why you are arguing the point. Secondly, where do you get your information that asset managers/institutional traders were long during the first part of January which is the period I was referring to? That is not what the COT report for that period suggests. The COT report is not comprehensive but does give a good indication IMHO. Thirdly, If you look at other threads as well as numerous websites regarding contrarian trading, it certainly...Ignored
Disliked{quote} Firstly, I said that they (large institutions) do NOT get liquidity from small retail traders so I don't know why you are arguing the point. Secondly, where do you get your information that asset managers/institutional traders were long during the first part of January which is the period I was referring to? That is not what the COT report for that period suggests. The COT report is not comprehensive but does give a good indication IMHO. Thirdly, If you look at other threads as well as numerous websites regarding contrarian trading, it certainly...Ignored
Disliked{quote} It is not an opposing view is it and the fact that people cannot grasp that says more about the quality of the thread. Some very confused ideas and people in here - full of errors, idioms and a lack of science. It is simply blindly following ScorpionFX and not a lot else - it can be dressed up differently as people wish, it isn't a technique at all. You could all be from ScorpionFX for all we know - the whole Angela1985 and jayrai could be one big funnel upto here - who knows. Relying on ScorpionFX has absolutely nothing to do with learning...Ignored
Disliked{quote} It is not an opposing view is it and the fact that people cannot grasp that says more about the quality of the thread. Some very confused ideas and people in here - full of errors, idioms and a lack of science. It is simply blindly following ScorpionFX and not a lot else - it can be dressed up differently as people wish, it isn't a technique at all. You could all be from ScorpionFX for all we know - the whole Angela1985 and jayrai could be one big funnel upto here - who knows. Relying on ScorpionFX has absolutely nothing to do with learning...Ignored