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Bank Currency Strength

  • #261
  • Apr 30, 2018 2:44am Apr 30, 2018 2:44am
Quoting neilgroom
If anyone has had success joining bankersfx I would like to know.. Its impossible and bloody annoying. I tried to contact support and even that don't work. If nothing works then I'll take my business elsewhere and stick to ScorpionFX. At least it is free. Happy pips.
Neil,

When you say Scorpionfx, are you talking about this site? https://scorpionfx.com/

Do they offer Bank Positions?

Thanks
  • #262
  • Apr 30, 2018 3:07am Apr 30, 2018 3:07am
Quoting neilgroom
If anyone has had success joining bankersfx I would like to know.. Its impossible and bloody annoying. I tried to contact support and even that don't work. If nothing works then I'll take my business elsewhere and stick to ScorpionFX. At least it is free. Happy pips.
After you replied to my post, I immediately contacted them and they did response swiftly, even answered many of my questions immediately. What is the problem that you are facing? Non-responsive support?
  • #263
  • Apr 30, 2018 6:02am Apr 30, 2018 6:02am
Quoting aaven
{quote} Neil, When you say Scorpionfx, are you talking about this site? https://scorpionfx.com/ Do they offer Bank Positions? Thanks
No bank positions, however I believe the idea is by following proper fundamentals (provided by scorpionfx) and by NOT following the herd of retail traders (contrarion), it will put you in with the banks and smart money anyways.
  • #264
  • Apr 30, 2018 7:16am Apr 30, 2018 7:16am
Quoting osjoe2
{quote} No bank positions, however I believe the idea is by following proper fundamentals (provided by scorpionfx) and by NOT following the herd of retail traders (contrarion), it will put you in with the banks and smart money anyways.
Yes correct. No need for worthless indicators. No moving average, MACD, RSI etc. They plain don't work for forex.

The big guys (The investment banks know what the retail traders do). Always follow the big guys when the retail are doing the opposite.

This is by using scorpianFX advice with contrarian research (The idea is posted in a post in this thread)
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The most violent element in society is IGNORANCE
  • #265
  • Apr 30, 2018 7:20am Apr 30, 2018 7:20am
Quoting shettytushar
{quote} After you replied to my post, I immediately contacted them and they did response swiftly, even answered many of my questions immediately. What is the problem that you are facing? Non-responsive support?
I just couldn't join as it says I already was. Even though I am not.. I tried using their contact form but it kept telling me my subject line contained errors. Weird really.
The most violent element in society is IGNORANCE
  • #266
  • Apr 30, 2018 7:37am Apr 30, 2018 7:37am
Quoting neilgroom
{quote} I just couldn't join as it says I already was. Even though I am not.. I tried using their contact form but it kept telling me my subject line contained errors. Weird really.
In the subject line you can't use special characters like I got the same error when I used / - slash
  • #267
  • Apr 30, 2018 7:44am Apr 30, 2018 7:44am
Quoting shettytushar
{quote} In the subject line you can't use special characters like I got the same error when I used / - slash
Thanks shettytushar. I will try again later.
The most violent element in society is IGNORANCE
  • #268
  • Apr 30, 2018 7:49am Apr 30, 2018 7:49am
Quoting shettytushar
{quote} In the subject line you can't use special characters like I got the same error when I used / - slash
so u already registered with succesfully ? we still waiting
  • #269
  • Apr 30, 2018 7:51am Apr 30, 2018 7:51am
Quoting samet
{quote} so u already registered with succesfully ? we still waiting
Hi,

I haven't even initiated the sign up process, I just contacted them yesterday. I am confused between BankersFX and Efxplus, which one to take. And even after you registered and made the payment you are still waiting? You didn't get the indicator? What did you do?
  • #270
  • Apr 30, 2018 7:53am Apr 30, 2018 7:53am
Quoting shettytushar
{quote} Hi, I haven't even initiated the sign up process, I just contacted them yesterday. I am confused between BankersFX and Efxplus, which one to take. And even after you registered and made the payment you are still waiting? You didn't get the indicator? What did you do?
we getting error while registiration process
  • #271
  • Apr 30, 2018 8:37am Apr 30, 2018 8:37am
Quoting samet
{quote} we getting error while registiration process
I have notified them through their support, let's see. Will be making a purchase by tomorrow, either Bankersfx or Efxplus.
  • #272
  • Apr 30, 2018 9:01am Apr 30, 2018 9:01am
Quoting neilgroom
{quote} Yes correct. No need for worthless indicators. No moving average, MACD, RSI etc. They plain don't work for forex. The big guys (The investment banks know what the retail traders do). Always follow the big guys when the retail are doing the opposite. This is by using scorpianFX advice with contrarian research (The idea is posted in a post in this thread) {image}
How long have you been using SFX? Has their weekly forecast been pretty accurate in the time that you have been using it?

If SFX data is good and can be cross referenced with BFX and then checking retail data, it could be a good way to forecast weekly currency strength.
Truth is like poetry. And most people f*cking hate poetry.
  • #273
  • Apr 30, 2018 11:50am Apr 30, 2018 11:50am
Quoting neilgroom
{quote} Thanks shettytushar. I will try again later.
There is a data delay to PayPal at the moment and for security reasons everything is deactivated. They do response to customer queries but due to large orders and questions it gets delayed. That's the response I got. It will be solved later on the day.
  • #274
  • Apr 30, 2018 11:54am Apr 30, 2018 11:54am
Quoting shettytushar
{quote} There is a data delay to PayPal at the moment and for security reasons everything is deactivated. They do response to customer queries but due to large orders and questions it gets delayed. That's the response I got. It will be solved later on the day.
Thanks shettytushar... Having a bad day today. MY INTERNET WENT DOWN for FOUR HOURS... Not happy LOL

I'll try it tomorrow. Thanks
The most violent element in society is IGNORANCE
  • #275
  • Apr 30, 2018 1:30pm Apr 30, 2018 1:30pm
Quoting neilgroom
{quote} I'm testing both. I can't put the link here even though its all free as they have paid for things as well. Go to the website and click on weekly_forecast_and_top_trades. There is no indicator just there top trades etc from We conduct exhaustive analysis on the following factors (among others): In-depth technical and fundamental analysis OTC options data, including barrier levels COT positioning and order-flow data International and Sovereign fund flows Dark-pool volume analysis Futures data (positioning and order flow) Sell-side (institutional)...
When you say you are using a contrian method, are you saying you are using the OPPOSITE of what these trades say? or are the trades on this site already have a contrian point of view to them?
  • #276
  • Apr 30, 2018 1:57pm Apr 30, 2018 1:57pm
Not quite.. I take for example what the banks are buying say from bankersfx or scorpianfx... I then use the contrarian approach to see if retail traders are doing the opposite of what the bankers are buying/selling.

Today Monday 30th April banks are selling the AUD/USD but take a look at what retail traders are doing - There buying it. That gives the banks power to drive the price lower. Just think of A tank (the bank) and a Mini cooper... Who will win in a fight. The Tank. Always trade what the banks are doing and you will have greater success.. You wont win every trade. Even the biggest investment banks lose. But you will win more then you lose and that's what counts.
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The most violent element in society is IGNORANCE
  • #277
  • Apr 30, 2018 2:02pm Apr 30, 2018 2:02pm
Quoting neilgroom
Not quite.. I take for example what the banks are buying say from bankersfx or scorpianfx... I then use the contrarian approach to see if retail traders are doing the opposite of what the bankers are buying/selling. Today Monday 30th April banks are selling the AUD/USD but take a look at what retail traders are doing - There buying it. That gives the banks power to drive the price lower. Just think of A tank (the bank) and a Mini cooper... Who will win in a fight. The Tank. Always trade what the banks are doing and you will have greater success.....
Where do you find out what the retail traders are doing? I know there are tons of trading sites out there, just curious where you're getting your info?
  • #278
  • Apr 30, 2018 2:14pm Apr 30, 2018 2:14pm
Quoting bojack34
{quote} Where do you find out what the retail traders are doing? I know there are tons of trading sites out there, just curious where you're getting your info?
https://www.myfxbook.com/en/community/outlook - The volume is more important then the percentage though. You need high volume. The bigger the volume the better that is opposite what the banks are buying/selling. I keep track of the volume to see if it is rising or falling.

Myfxbook uses REAL accounts in there data and not any demo accounts so it is reliable.
The most violent element in society is IGNORANCE
  • #279
  • Apr 30, 2018 2:18pm Apr 30, 2018 2:18pm
Quoting neilgroom
{quote} https://www.myfxbook.com/en/community/outlook - The volume is more important then the percentage though. You need high volume. The bigger the volume the better that is opposite what the banks are buying/selling. I keep track of the volume to see if it is rising or falling. Myfxbook uses REAL accounts in there data and not any demo accounts so it is reliable.
TYVM for your help. I will start watching daily along with my own FA. Much appreciated!
  • #280
  • Apr 30, 2018 2:35pm Apr 30, 2018 2:35pm
Today testing SFX is going well for a Monday.

Still early days, so we will see. Need to figure out when is a good time to exit and take profits.
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Truth is like poetry. And most people f*cking hate poetry.
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