Bank Currency Strength

I will one day.... I just like to post things now and again to help out where I can...

As soon as I start a thread though most people will just take the idea and fill the chart with so many indicators that you can't even see the candle.. It annoys me.

I'll think about it over the weekend.. Have a good one and keep out of mischief!!

Very interesting concept Neilgroom

You should definetly start a new thread for this

Martin

All you have to do is what Davit does.........tell them the rules on page 1......DO NOT ADD STUFF TO MY CHARTS!! IF YOU DO, YOU WILL GET THE BOOT IMMEDIATELY!! It's easy...haha. Tell them to ONLY USE MY TEMPLATE....or something to that effect. It will take you 2 seconds to remove them from you thread.....keep your thread nice and clutter free. I value your insight, I for one would like to see a thread from you. Either way, thanks for everything you have done for me! Kudos my friend!

I couldn't edit the other post as forexfactory went down for a few minutes. I was going to add the GBP/USD is a method selection as well. I was rushing as usual.

The green slopping line was when retail traders where buying it..

Are these ratings on FX Book? I have looked all over for them but I cannot find them

Oh no, I do them myself using tradingview charts. You can't do it on MT4/5. I'll post the method one day. I actually left the JPY rating out and it was very low, which means it was strong.

This is the daily chart I suppose. And you keep on adding and exiting the trades on the same day like a day trader or you keep it for the entire week? But then you open a trade with huge lot, you will have a risk of margin call, right?

Get out of the forum scammers. Where are you now with your bank positions? It is a total madness to think that a bank or hedge fund will publish its positions. This is illegal. It's called a trade secret. I've been a trader for 20 years, and there's no such ad. I asked my brokers for the terminals of bloomberg and thomson reuters, do they have information about bank positions. The answer is NO. They only have trend and direction analyzes and expected levels in close periods of up to one year. These are brokers who can afford these services and publish their information from their terminals on a daily basis. Where are you bank marches JayRai, who got information from old chanels from banks. They have to sue you if you have this information with your informants. Drugged wolves singing songs for a lot of money. If twee does not throw you away from the forum, it will be very unfortunate. Probably because of your red flag. I do not care much about you, but I will explain in detail to the twee. You make it once again in the forum. Quote paid websites with deceptive indicators. Your strategy is based on RSI and nothing more. Angela1985 is based on Pivots and nothing more. These are free indicators. Without other analyzes and information, you can take your own indicators only. Your goal is to advertise an indicator that is paid and you should be a Commercial Member. All beginners need to know that this is your mission. It is a pity that there are people who believe in your crap. Just show me that bank X has opened a position with a specific volume. Cite your source, specific person. If you have any information from a bank dealer on the ground floor or a hedge fund you go behind bars and you will play cards with him in a cell. I'm sure you will not do it, because we will blame you, you will not have balls. Accept - Balls to the Wall . I know you'll still sign up with your earnings plans, but we'll still feel you. twee, lock this topic, and Angela1985. At least, made them a Commercial Member.
I apologize to all bona fide companions for the words I have spoken, but I can not stand cheaters.
neilgroom, get out of the thread and start your own, have good ideas.

Махайте се от форума измамници. Къде сте сега със вашите банкови позиции. Пълно безумие е да си помислите, че банка или хедж фонд ще публикува своите позиции. Това е незаконно. Нарича се търговска тайна. От 20 години съм търговец и толкова нагла реклама няма. Попитах моите брокери за терминалите на bloomberg и thomson reuters, имат ли информация за позиции на банки. Отговорът е НЕ. Имат само анализи за тренд и посока и очаквани нива в близки периоди до една година. Това са брокери, които могат да си позволят тези услуги и ежедневно публикуват за своите клиенти информация от тези терминали. Къде си ти банково чудо JayRai, който имаш информация от стари канали от банки. Трябва да те съдят, ако имаш такава информация, заедно с информаторите ти. Дрогирани вълци, които пеят песнички за много пари. Ако twee, не те изхвърли от форума, то ще е много жалко. Вероятно заради червеният ти флаг. Не ми се занимава много с теб, но подробно ще обясня на twee. Правиш го за пореден път във форума. Цитираш платени сайтове с измамни индикатори. Твоята стратегия е основана на RSI и нищо повече. На Angela1985 е основана на Pivots и нищо повече. Това са безплатни индикатори. Без други анализи и информация, само с индикаторите можеш да си вземеш своето. Твоята цел е да рекламираш индикатор, който е платен и ти трябва да си Commercial Member. Всички начинаещи трябва да знаят, че това е твоята мисия. Много жалко, че има хора, които вярват на твоите глупости. Само ми покажи, че банка X е отворила позиция с конкретен обем. Цитирай източника си, конкретно лице. Ако имаш информация от търговец на партера на банка или хедж фонд си заминал зад решетките и ще играеш карти с него в една килия. Сигурен съм, че няма да го направиш, защото ще си подсъдим, няма да имаш топки. Accept - Balls to the Wall. Знам, че пак ще се регистрираш с пъклените си планове за печалба, но пак ще те усетим. twee, заключвай тази тема, както и тази на Angela1985. Най-малкото ги направи Commercial Member.
Извинявам се на всички добросъвестни съфорумци, за думите които изрекох, но не мога да търпя измамници.
neilgroom, махай се от темата и почни собствена, имаш добри идеи.

I never add to my positions and usually only open trades on a Monday..

As soon as themyfxbook shows a good rating. High percentage and high volume (over 5000) and on tradingview if the RSI period 2 hlc3 is above 70 I buy or below 30 I sell. Remember i do the complete opposite of what everyone else does.

I hold that position until myfxbook changes or if the RSI goes below 65 I close it the buy order. Or above 35 I close the sell order.

Some trades last days. Some weeks and had one last two months..

I Never ever brag or show off but to prove this method works and works good with little drawdown, last week I brought a brand new 2018 mini cooper. Paid cash for it. Ok I hate saying things like that as my life is very private but I just wanted to prove to you the best I can that it works and works good.

Now you see how I do the opposite of what the retail crowd is doing... I do the opposite of what the RSI is intended for.. People think the RSI indicator is an overbrought, oversold indicator. It's not. Its what people have been taught and as I say 95% of the time, people are wrong.

Used in the right way the RSI is very powerful if you use it as A STRENGTH INDICATOR.

Like every single indicator on the Metatrader platform... They where all designed for STOCKS and NOT forex.

In life if you do the opposite of what every ones else is doing you will become a success.

Look up some facts.. Only 5% of the world's population are very successful.. 95% of the people are wrong most of time (especially in forex).. Makes sense to me to do the opposite of everything..

Have a great weekend and I'll try and post more on Monday after the market opens. I need a good long rest for the weekend.

Thanks. Have a great weekend. Thanks for the contribution and investing so much time to explain. And the marvelous thing is that you use RSI as a strength indicator, its truly fascinating which I never looked at it that way.

You're not right. It is very important period and TF. Explain it to everyone in detail. You use a very short RSI period in your strategy and it is normal to use 70 for purchases and 30 for sales. But if you have a period of 14, for example, it will be another strategy. The same will be with all lagging indicators CCI, Stochastic, MACD. Every beginner starts with them and default settings. Changes in periods and levels are then commenced.

Не си съвсем прав. Много е важен периода и TF. Обясни го на всички подробно. Ти ползваш в твоята стратегия много кратък период на RSI и е нормално да ползваш нивото 70 за покупки и 30 за продажби. Но ако си с период 14 примерно, ще е друга стратегия. Същото ще е с всички изоставащи индикатори CCI, Stochastic, MACD. Всеки начинаещ започва с тях и настройки по подразбиране. После се започват промените на периодите и нивата.

Time to take that Mini Cooper for a spin!! Enjoy!!

I already told the twee and I hope to stop this topic, like that of Angela1985. I hope at least to become a Commercial Member

you are second trader i see posting this guys paid indicators with not hidden name.i wonder if you have any agreement with them to bring new customers and to get any compensations for that.if thats not the case then i am just... curios from where this ''inside core need'' to help all those poor retailers to fulfill their dream.
I am long enough into this to know clear that all this dont come just like that for free.I know the indicators as well since some time but see i dont post charts with the name up there to make any adevrtising against the rules.mind my words that we dont talk here about the quality of what you promote kinda... low profile,but about the way you do it.
so with the hope to have a constructive dialogue instead of useless talks i really want to know whats your goal in fact,cos i hope youre aware you promote one paid product from one outside site.
cheers

edit:
scamMEplease... i just saw your name .man
have a bon weekend everyone.

There is no cheating here. We at the Balkans know how to rejoice. It's better for us to write on Friday. Happy Holidays!

OK we all admit Jayrai posted shit... Now everyone else is. That is why I will not do my own thread. It will get lost in shit. I will let you all know when I have thought about it. Might do my own website. All free of cause and I can keep it updated with tips, techniques etc and all my trades and no shit !!!!

I need a drink ;-)

Not a friend. I did not write a bad word for your posts. Only a small correction for RSI. If the music for you is nonsense, you do not care. If you do not like our music, it's your problem. Find out the thin hint in my post. Better to have fun than to keep writing here in a fraudulent thread. If you have followers make your own thread and a few more sites. Why are you affected. This thread is not yours !? Success!
Only two more indicators are needed now, at this point. But not what it is but happiness. Attached below. In Bulgaria, we say, "If you have taken the dance, do not let it go." In other words, if you have ideas for profits from Forex do not let them go, have fun.




Не приятел. Аз за твоите постове не съм написал и една лоша дума. Само една малка корекция за RSI. Ако музиката за теб е глупост, нямаш грижи. Ако не ти харесва нашата музика, си е твой проблем. Разбери тънкият намек в моят пост. По-добре да се забавляваме, отколкото да продължаваме да пишем тук в измамна нишка. Ако имаш последователи си направи и собствена нишка и няколко сайта още. Защо се засягаш. Тази нишка да не е твоя!? Успех!
Само още два индикатора са нужни сега, в този момент. Но не какви да е, а на щастието. Приложени са по-долу. В България казваме: "Ако си се хванал на хорото, не го изпускай". По друг начин казано, ако имаш идеи за печалба от Forex не ги изпускай, забавлявайте се.

More clutter.
It might be great for you but the rest of us don't need or want to see the vids, could somebody please remove them.

Hi neilgroom,

In what ratio in myfxbook do you think a good one for contrarian trade? >70 or >75 etc? Thanks in advance.

So we want to buy USDCHF according to neil's method;
1) ratio short over 70%? (93%)
2) volume short over 5000 (14279 lots)


3) RSI (2 period HLC/3) daily is over 70 (showing relative strength to USD)


4) As I am late, so I wait H4 to pull back to oversold in RSI or touch the last demand area (blue rectangle)at approx 0.988


Hope that make sense.