Bank Currency Strength | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Can someone fix this currency strength indicator? 37 replies

currency strength meter for daily chart 2 replies

Individual Currency Strength indicator 1 reply

FXGrail - currency strength correlation 2 replies

Derived Currency Strength Indicator from multiple pairs 0 replies

Attachments: Bank Currency Strength
Exit Attachments

Bank Currency Strength

  • #381
  • May 3, 2018 10:39am May 3, 2018 10:39am
Quoting jasonckb
In order to contribute back to the thread, I would like to share one of my system which is a MTF rating system to see if the currency is weak or strong. The idea is original and I have paid to code it, however, the coder didn't give me the mq4 file, just the ex4 file. Enjoy it to see it is useful. Long for those rating >2 and short those with rating <-2. *12/-12 should be at the extrema. {file}
Nice work.. Got the CHF/JPY trade spot on and it's one of the lowest settings. Will try it and report.
The most violent element in society is IGNORANCE
  • #382
  • May 3, 2018 11:13am May 3, 2018 11:13am
Quoting jasonckb
In order to contribute back to the thread, I would like to share one of my system which is a MTF rating system to see if the currency is weak or strong. The idea is original and I have paid to code it, however, the coder didn't give me the mq4 file, just the ex4 file. Enjoy it to see it is useful. Long for those rating >2 and short those with rating <-2. *12/-12 should be at the extrema. {file}
That is very kind of you thanks!
  • #383
  • May 3, 2018 11:15am May 3, 2018 11:15am
Quoting neilgroom
{quote} If no ones else who has it doesn't answer you, I will put it on mine and see if it works. It is a very old EA.
I tried adding that forex21 ea and it doesnt work for me also.
Anything above the line is an uptrend, below the line is a downtrend.
  • #384
  • May 3, 2018 11:17am May 3, 2018 11:17am
CADJPY is now -4 in my indi and 66% long in myfxbook.....Double top in H4......Short short short....84.85-85.2 will be a good level
  • #385
  • May 3, 2018 11:21am May 3, 2018 11:21am
For those who like watching trading documentaries you might find this quite entertaining..

Inserted Video
Truth is like poetry. And most people f*cking hate poetry.
  • #386
  • May 3, 2018 11:37am May 3, 2018 11:37am
Quoting jasonckb
In order to contribute back to the thread, I would like to share one of my system which is a MTF rating system to see if the currency is weak or strong. The idea is original and I have paid to code it, however, the coder didn't give me the mq4 file, just the ex4 file. Enjoy it to see it is useful. Long for those rating >2 and short those with rating <-2. *12/-12 should be at the extrema. {file}
Is this normal, a lot of pending?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.png Size: 212 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #387
  • May 3, 2018 11:39am May 3, 2018 11:39am
I'll watch that later when I get time... Better then watching all those celebrity rubbish shows..

Now here is today's unknown by many in forex hot tip..

When the JPY is the strongest currency or the weakest, 90% of the time it goes to the weakest/strongest. it reverses from the strongest to the weakest and weakest to the strongest. It happens over and over again.
The most violent element in society is IGNORANCE
  • #388
  • May 3, 2018 6:21pm May 3, 2018 6:21pm
Quoting Degolep
{quote} Is this normal, a lot of pending? {image}
Rating is the general direction gauge. When some condition met especially the candle at the particular TF (sau H1) close above/ below 10 period Price action channel, the respective TF will have a Buy/ Sell signal. So you may not depend on the signal to do anything, you may depend candle pattern or supply demand etc to be the trigger.
  • #389
  • May 4, 2018 8:51am May 4, 2018 8:51am
Big LOL. I think it's better if people on Myfxbook start thinking to change Hobby/Work. Better for their pockets!

I really can't understand WHERE the Price Action is saying: "i'm going short dude"

No sense traders!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: W.PNG Size: 53 KB
Click to Enlarge Name: D.PNG Size: 46 KB
Click to Enlarge Name: 4.PNG Size: 40 KB
Attached Image
  • #390
  • May 4, 2018 9:01am May 4, 2018 9:01am
Anyone still using the bankersfx System?
They still around?
Whats the overall opinion?
  • #391
  • May 4, 2018 9:19am May 4, 2018 9:19am
Quoting MrGreen95
Big LOL. I think it's better if people on Myfxbook start thinking to change Hobby/Work. Better for their pockets! I really can't understand WHERE the Price Action is saying: "i'm going short dude" No sense traders!!! {image} {image} {image} {image}
I love it.... Watch when the USDCHF starts falling heavily... They will start buying it. Some of them last weeks and months with most over 80% and high volume.
The most violent element in society is IGNORANCE
  • #392
  • May 4, 2018 9:21am May 4, 2018 9:21am
Quoting hardpippin
Anyone still using the bankersfx System? They still around? Whats the overall opinion?
Don't pay for any service. I new one person who joined.... He soon gave up with it. Need I say more.
The most violent element in society is IGNORANCE
  • #393
  • May 4, 2018 10:06am May 4, 2018 10:06am
Quoting neilgroom
{quote} Don't pay for any service. I new one person who joined.... He soon gave up with it. Need I say more.

Cheers..
  • #394
  • May 4, 2018 10:31am May 4, 2018 10:31am
Tip of the day.... The USD is the only currency falling against Gold today.. All other major currencies are weak against Gold. How strong is the USD today.... strong even on bad news.

Unique way of currency strength with Gold as the main factor

The lower the rating the better
(This was some hours ago)
usd = 43
cad = 78
aud = 84
nzd = 80
chf = 90
eur = 94
gbp = 94

I thought about opening a thread in the trading discussion or trading systems forum but reading through them, I see why aliens don't visit planet earth...
There is no intelligent life here.

Have a great weekend and don't forget to close the MT4 and go do something nice
The most violent element in society is IGNORANCE
  • #395
  • May 4, 2018 10:58am May 4, 2018 10:58am
Quoting neilgroom
Tip of the day.... The USD is the only currency falling against Gold today.. All other major currencies are weak against Gold. How strong is the USD today.... strong even on bad news. Unique way of currency strength with Gold as the main factor The lower the rating the better (This was some hours ago) usd = 43 cad = 78 aud = 84 nzd = 80 chf = 90 eur = 94 gbp = 94 I thought about opening a thread in the trading discussion or trading systems forum but reading through them, I see why aliens don't visit planet earth... There is no intelligent life here....
Where do you get this rating from?
Anything above the line is an uptrend, below the line is a downtrend.
  • #396
  • May 4, 2018 11:09am May 4, 2018 11:09am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 22 KB

Long oil.....
  • #397
  • May 4, 2018 12:40pm May 4, 2018 12:40pm
Quoting neilgroom
Tip of the day.... The USD is the only currency falling against Gold today.. All other major currencies are weak against Gold. How strong is the USD today.... strong even on bad news. Unique way of currency strength with Gold as the main factor The lower the rating the better (This was some hours ago) usd = 43 cad = 78 aud = 84 nzd = 80 chf = 90 eur = 94 gbp = 94 I thought about opening a thread in the trading discussion or trading systems forum but reading through them, I see why aliens don't visit planet earth... There is no intelligent life here....
Neilgroom,

i think you should man. there are still people who appreciate the guidance...

Thanks
  • #398
  • May 4, 2018 1:25pm May 4, 2018 1:25pm
Quoting jasonckb
CADJPY is now -4 in my indi and 66% long in myfxbook.....Double top in H4......Short short short....84.85-85.2 will be a good level
Many a times the ratings and the myfxbook positions match, if rating is long so is myfxbook long, what then?
  • #399
  • May 4, 2018 2:12pm May 4, 2018 2:12pm
Quoting shettytushar
{quote} Many a times the ratings and the myfxbook positions match, if rating is long so is myfxbook long, what then?
Don't forget myfxbook is a long time rating.. You need a high percent and high volume. Anything above 5000 volume. I've seen one pair last months with a 90% and very high volume.

Some pairs will have a 90% plus rating but the volume is so small it will go any way. With the crowd or against them

The USD/CHF went down yesterday. A pair has to go down to go up again. Has to go up for it to go down again. Supply and demand.

It takes time to get used to it.. The only pairs at the minute are the USD/CHF and EUR/CHF

For something simple add an RSI period 2 to the daily chart or if you want long term add to the monthly chart. ONLY myfxbook pairs over 70% and with volume of 5000 or more.

https://uk.tradingview.com/chart/lSwgmVJD/ and add RSI period 2 hlc3

Something for you to do when the markets close. It mega filters them. Now here is the magic. We do the complete opposite of what the RSI is designed for.

The higher the rating the better for buy and the lower the rating the better for selling. Don't use the RSI trick on mt4 though

The arrow on the chart is when myfxbook were selling it big. Mega pips for us.

Daily chart USD/CHF
Attached Image (click to enlarge)
Click to Enlarge Name: mybookfx.png Size: 13 KB
The most violent element in society is IGNORANCE
  • #400
  • May 4, 2018 2:15pm May 4, 2018 2:15pm
Quoting neilgroom
{quote} CADJPY is now -4 in my indi and 66% long in myfxbook No indi necessary. They just will confuse you. Don't forget myfxbook is a long time rating.. You need a high percent and high volume. Anything above 5000 volume. I've seen one pair last months with a 90% and very high volume. Some pairs will have a 90% plus rating but the volume is so small it will go any way. With the crowd or against them The USD/CHF went down yesterday. A pair has to go down to go up again. Has to go up for it to go down again. Supply and demand. It takes time to get...
Thanks, buddy. By the way, I feel you should start your own thread where we can, at least myself, can chip in with our trades for the week or daily. This is a commercial content thread.
0 traders viewing now