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Bank Currency Strength

  • #421
  • May 5, 2018 3:40am May 5, 2018 3:40am
Quoting neilgroom
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 ;-)
The RSI strategy on the daily is good enough to gauge strength, the myfxbook outlook can serve as a confirmation that's it, I guess without the myfxbook as well this strategy works great.
  • #422
  • May 5, 2018 3:56am May 5, 2018 3:56am
Quoting jasonckb
So we want to buy USDCHF according to neil's method; 1) ratio short over 70%? (93%) 2) volume short over 5000 (14279 lots) {image} 3) RSI (2 period HLC/3) daily is over 70 (showing relative strength to USD) {image} 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 {image} Hope that make sense.
What if the Wk trend is bull, and biased is bearish, how do you intercept it?
  • #423
  • May 5, 2018 4:15am May 5, 2018 4:15am
Quoting shettytushar
{quote} What if the Wk trend is bull, and biased is bearish, how do you intercept it?
I follow the biased and smaller position size
  • #424
  • May 5, 2018 4:27am May 5, 2018 4:27am
Quoting shettytushar
{quote} What if the Wk trend is bull, and biased is bearish, how do you intercept it?
Where do you see a bearish bias on USDCHF? We may get a pullback off the present resistance level at 1.0000 which I certainly would not trade because it's very risky - but that chart (below) is extremely bullish and all set to test 1.0300 resistance
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFWeekly.png Size: 56 KB
  • #425
  • May 5, 2018 5:33am May 5, 2018 5:33am
Quoting jmtini
{quote} Where do you see a bearish bias on USDCHF? We may get a pullback off the present resistance level at 1.0000 which I certainly would not trade because it's very risky - but that chart (below) is extremely bullish and all set to test 1.0300 resistance {image}
The bearish bias comes from myfxbook, Neil's method suggests a possible long trade, trade against the herd....other info should be checked to confirm...
Some people are now calling it a scam, thread disruption has commenced.... that usually means to much info has got out...
  • #426
  • May 5, 2018 6:10am May 5, 2018 6:10am
OK, it's the weekend. I never, ever work at the weekend... It's family time and for once in the U.K it's not raining and the suns out. A very beautiful day in fact.

See post https://www.forexfactory.com/showthr...0#post11029330 by jasonckb

He has cracked it. Look at his charts. I'm not letting anymore info out until I decide to open a thread or something else.. The method is even getting lost here. Even though it's hidden in a commercial thread. I hid it for a reason.

Before I go off for the weekend remember.. WHAT EVER MYFXBOOK SAYS..... YOU DO THE OPPOSITE.

As in the example below. YOU BUY the USD/CHF
Attached Image
The most violent element in society is IGNORANCE
  • #427
  • May 5, 2018 6:52am May 5, 2018 6:52am
Quoting neilgroom
OK, it's the weekend. I never, ever work at the weekend... It's family time and for once in the U.K it's not raining and the suns out. A very beautiful day in fact. See post https://www.forexfactory.com/showthr...0#post11029330 by jasonckb He has cracked it. Look at his charts. I'm not letting anymore info out until I decide to open a thread or something else.. The method is even getting lost here. Even though it's hidden in a commercial thread. I hid it for a reason. Before I go off for the weekend remember.. WHAT EVER...
I appreciate the knowledge your dropping in here, since I have been using something similar I have had great results, can't wait to see what next week has in store!
  • #428
  • May 5, 2018 7:01am May 5, 2018 7:01am
Quoting jasonckb
{quote} I follow the biased and smaller position size
So you hold on to the trades for the entire week, or you exit on a pull back and reenter when the trend resumes and keep doing it again and again?
  • #429
  • Edited 7:30am May 5, 2018 7:08am | Edited 7:30am
OK, i'm off all weekend now the wife is ready. Long drive in the countryside and relax and chill out.

One bit of advice though is RSI period 2 HLC/3 doesn't work as good on MT4 charts. Best to use tradingview charts.
MT4 RSI period 2 HLC3 = 26.3 on MT4 ( I use a ICN broker)
Tradingview = 43.5

Just a sample of the USD/CHF in the past week. Not the best of charts as I did it quick.

EDITED TO SAY that is the CHF/JPY chart.. Sorry... Lack of sleep.
Attached Image (click to enlarge)
Click to Enlarge Name: ExampleChartMT4.png Size: 38 KB
The most violent element in society is IGNORANCE
  • #430
  • May 5, 2018 7:09am May 5, 2018 7:09am
Quoting neilgroom
OK, i'm off all weekend now the wife is ready. Long drive in the countryside and relax and chill out. One bit of advice though is RSI period 2 HLC/3 doesn't work as good on MT4 charts. Best to use tradingview charts. MT4 RSI period 2 HLC3 = 26.3 on MT4 ( I use a ICN broker) Tradingview = 43.5 Just a sample of the USD/CHF in the past week. Not the best of charts as I did it quick. {image}
Agreed. Have a nice weekend.
  • #431
  • May 5, 2018 7:36am May 5, 2018 7:36am
Quoting jmtini
{quote} Where do you see a bearish bias on USDCHF? We may get a pullback off the present resistance level at 1.0000 which I certainly would not trade because it's very risky - but that chart (below) is extremely bullish and all set to test 1.0300 resistance {image}
I think he said my indicator.
  • #432
  • May 5, 2018 8:55am May 5, 2018 8:55am
Quoting neilgroom
OK, it's the weekend. I never, ever work at the weekend... It's family time and for once in the U.K it's not raining and the suns out. A very beautiful day in fact. See post https://www.forexfactory.com/showthr...0#post11029330 by jasonckb He has cracked it. Look at his charts. I'm not letting anymore info out until I decide to open a thread or something else.. The method is even getting lost here. Even though it's hidden in a commercial thread. I hid it for a reason. Before I go off for the weekend remember.. WHAT EVER...
Very interesting...will keep on eye on the myfxbook and a couple other places you can see similar info.

Dave
K.I.S.S.
  • #433
  • May 5, 2018 8:57am May 5, 2018 8:57am
Quoting moodybot
{quote} The bearish bias comes from myfxbook, Neil's method suggests a possible long trade, trade against the herd....other info should be checked to confirm... Some people are now calling it a scam, thread disruption has commenced.... that usually means to much info has got out...
"Some people are now calling it a scam, thread disruption has commenced.... that usually means to much info has got out..."

Classic...lets see how long the thread stays on track....trolls are lurking.

Dave
K.I.S.S.
  • #434
  • May 5, 2018 9:04am May 5, 2018 9:04am
COT will be the first place to watch for me...here is a pic of last weeks values.

https://gyazo.com/d58eeb2fd3d2d580ebd64dbd328896d9
K.I.S.S.
  • #435
  • May 5, 2018 9:07am May 5, 2018 9:07am
Quoting fmsfx
{quote} "Some people are now calling it a scam, thread disruption has commenced.... that usually means to much info has got out..." Classic...lets see how long the thread stays on track....trolls are lurking. Dave
i didnt mention word scam as i dont see any scam around.i was just posting about promoting one paid indicator.now the promoter may get some compensations from that site or not.we will never know i am sure.but not a scam at all,more just not in acord with the rules code of conduct but in this times who the heck are really respecting that rules LOL just have a look around ...
Take what you can, give nothing back
  • #436
  • May 5, 2018 9:10am May 5, 2018 9:10am
Here is a pic of the up coming week along side the previous week for reference.

https://gyazo.com/885a42dc14c858526c0feb0e3d98254b

Dave
K.I.S.S.
  • #437
  • May 5, 2018 9:14am May 5, 2018 9:14am
Quoting Husky77
{quote} i didnt mention word scam as i dont see any scam around.i was just posting about promoting one paid indicator.now the promoter may get some compensations from that site or not.we will never know i am sure.but not a scam at all,more just not in acord with the rules code of conduct but in this times who the heck are really respecting that rules LOL just have a look around ...

I didn't say you said anything. Simply quoting Moodybot and in general what he says is correct in regards to destroying good threads.

Dave
K.I.S.S.
  • #438
  • May 5, 2018 9:23am May 5, 2018 9:23am
Quoting fmsfx
COT will be the first place to watch for me...here is a pic of last weeks values. https://gyazo.com/d58eeb2fd3d2d580ebd64dbd328896d9
Would you be willing to share where you got this info? It looks like it could be helpful.
  • #439
  • May 5, 2018 9:23am May 5, 2018 9:23am
Quoting fmsfx
{quote} I didn't say you said anything. Simply quoting Moodybot and in general what he says is correct in regards to destroying good threads. Dave
i agree with that too.mate Moody have his own way of seeing things,even if we are not always 100% in accord doesnt mean we cant enjoy one dark beer like a good two mates.
but we must not forget many ''good threads'' have such sneaky and dark big plans hidden who are revealed later and many times too late.
like i said in my first post i am more curios from thread starter in a constructive way to see more he can bring around based on what he promote.
Take what you can, give nothing back
  • #440
  • May 5, 2018 9:27am May 5, 2018 9:27am
Quoting bojack34
{quote} Would you be willing to share where you got this info? It looks like it could be helpful.

Yep no problem...I import this manually into my excel sheet at the close of every Friday. It takes some work but if you follow along with it for a bit it could be very helpful with trading, for me anyway.

https://www.cftc.gov/MarketReports/C...ders/index.htm

Dave
K.I.S.S.
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