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Bank Currency Strength

  • #441
  • May 5, 2018 9:28am May 5, 2018 9:28am
Quoting Husky77
{quote} 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.

K.I.S.S.
  • #442
  • May 5, 2018 9:38am May 5, 2018 9:38am
Quoting fmsfx
{quote} 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
Ok....I have that site saved also, I just didn't know where you got that report. Which report is that? How do you manage to get those stats?
  • #443
  • May 5, 2018 9:45am May 5, 2018 9:45am
Quoting bojack34
{quote} Ok....I have that site saved also, I just didn't know where you got that report. Which report is that? How do you manage to get those stats?

Scroll down to Current Legacy Reports: >> then click on either

Chicago Board of Trade Long Format

or

Chicago Mercantile Exchange Long Format



The stats and format you see I do myself based on that info in my excel sheet. Sorry I cant share that.

Dave
K.I.S.S.
  • #444
  • May 5, 2018 9:48am May 5, 2018 9:48am
Quoting fmsfx
{quote} Scroll down to Current Legacy Reports: >> then click on either Chicago Board of Trade Long Format or Chicago Mercantile Exchange Long Format The stats and format you see I do myself based on that info in my excel sheet. Sorry I cant share that. Dave
No worries on the sharing....I understand....this is good enough. Thanks a lot!

EDIT: I'm sort of new to trading so this is still over my head, but I'm always trying to learn. Thanks again for sharing!
  • #445
  • May 5, 2018 10:20am May 5, 2018 10:20am
Well this has to be the most interesting and informative thread on FF by a long chalk

Thanks to Neilgroom and in fact all others for some fascinating info and data. I lot to study over the weekend!

Guys I have found the attached MTF-RSI indi but it doesn't seem to match Neilgroom's CHFJPY 4 hr chart. However it might be an improvement on the on the stock indi that comes with the MT4 platform. Set to 8 period it looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 45 KB
Attached File(s)
File Type: mq4 mMTF_RSI.mq4   3 KB | 421 downloads
  • #446
  • May 5, 2018 12:17pm May 5, 2018 12:17pm
Quoting jasonckb
{quote} I think he said my indicator.
hey jasonckb I've send you a PM if you could reply
Anything above the line is an uptrend, below the line is a downtrend.
  • #447
  • May 5, 2018 3:57pm May 5, 2018 3:57pm
Quoting Husky77
{quote} 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.

Beers sound good.
All that's required for this method is a form of reliable info, I tend to use the COT report although the excel drives me nuts....will be comparing that with Neil's idea of using myfxbook for the data, which is much easier to assimilate.
Without loading up the thread with unwanted crap, if somebody could make or modify the indicator that Neil posted showing the myfxbook data for all 28 pairs, and make the data available to be read by an EA, that would elevate this thread into orbit. The indicator works great, just could do with pimping up.
One other thing, perhaps someone could start a fresh thread and disassociate with anything that may be considered commercial.

M.

Hi fmsfx...long time...you still fannying around with that bl%%y excel...
  • #448
  • May 5, 2018 6:12pm May 5, 2018 6:12pm
Hey Moody...I see you are stirring the pot as usual. Once you start with excel its hard to move away from it. It never expires or never needs re-coding. I think its due for a good thread to spring up with new ideas and thoughts we can all learn from. I never stop learning as no one person has all the answers.

Dave
K.I.S.S.
  • #449
  • May 5, 2018 6:55pm May 5, 2018 6:55pm
Quoting fmsfx
Hey Moody...I see you are stirring the pot as usual. Once you start with excel its hard to move away from it. It never expires or never needs re-coding. I think its due for a good thread to spring up with new ideas and thoughts we can all learn from. I never stop learning as no one person has all the answers. Dave
Pot stirring is a speciality...lol... you and I both know that the real issue is to get to reliant on an EA or indicator and once it cant be updated or the coder disappears, its goodnight....
  • #450
  • Edited 7:21pm May 5, 2018 7:08pm | Edited 7:21pm
I have sent a "provocation" message to BankersFX for understandind a few of things.

You could read some mistakes, and i am sorry in this case, but i know things works in this way. Before sending this mail, i asked to my friend who works for a important fund (he work with 12.000.000 and made 3kk in 6 months. Ah, he is 19 years old) and he said i'm right

-Mail start from here-

Your answer to another e-mail:

"Our data is coming from several parties (Quandl, London exchange, partner banks), Alpha vantage (bitcoin), direct access to NYSE, JPX, Frankfurt Boerse and ASX (ForEx) " [...]

-Investment banks like funds and all istitutionals doesn't take direct positions on forex, but only use derivates. If they want sell , they sell the futures, not EUR/USD

-Forex volumes doesn't exist, because there isn't anyone that register the exchange: if me and you do an exchange, we do not pass from none stock exchange that register it, and accordingly to this, any volume data can't be released

-Nyse, asx, jps are stock exchanges and Forex can't pass through it because is an OTC market and doesn't have a stock exchange

So... i'd like to know where do you take all these data? Maybe it is fake data?

Let's see what will be the answer
  • #451
  • May 5, 2018 7:25pm May 5, 2018 7:25pm
I hope they answer you MrGreen as they never answered mine... I was a bit like Gordon Ramsey though.

I totally forgot about this and as I don't work weekends as it's all family time, I totally forgot that the London Forex market will be closed this Monday 7th May.

Don't tell the wife I was here !

So I will not be trading until Tuesday 8th May. The markets will be very quiet as London is closed even when New York opens.

So I will not be here or trading until Tuesday 8th May.

The extra rest will come in handy. Now go learn or chill out.

P.S Now keep this discussion going. Were all doing great.
Monday May 7 (Early May bank holiday)
The most violent element in society is IGNORANCE
  • #452
  • May 5, 2018 7:45pm May 5, 2018 7:45pm
Quoting neilgroom
I hope they answer you MrGreen as they never answered mine... I was a bit like Gordon Ramsey though. I totally forgot about this and as I don't work weekends as it's all family time, I totally forgot that the London Forex market will be closed this Monday 7th May. Don't tell the wife I was here ! So I will not be trading until Tuesday 8th May. The markets will be very quiet as London is closed even when New York opens. So I will not be here or trading until Tuesday 8th May. The extra rest will come in handy. Now go learn or chill out. P.S Now keep...
Im confused as to why your Forex Market will be closed on Monday? My FF Calender shows all kinds of new releases as if the market will be open. Is this because of where your live? I'm in the US.

EDIT: I forgot to mention, at quick glance USDCHF looks like a really good "contrarian" trade this week according to ScorpionFX and Myfxbook
  • #453
  • May 5, 2018 7:52pm May 5, 2018 7:52pm
If anyone wants to know what the brokers are doing then you should look into Pitview/
They show you what they are exactly doing except they do not name the broker.
That is in their agreement with the brokers.
They will let you try it for free.
https://pitview.com/

One of the only cons about using them is they are not for scalpers.
Their feed is delayed by 10 seconds
If you are not a scalper check them out
They have been around for awhile to.

I am not affiliated with Pitview in anyway.
  • #454
  • May 5, 2018 8:09pm May 5, 2018 8:09pm
Quoting bojack34
{quote} Im confused as to why your Forex Market will be closed on Monday? My FF Calender shows all kinds of new releases as if the market will be open. Is this because of where your live? I'm in the US. EDIT: I forgot to mention, at quick glance USDCHF looks like a really good "contrarian" trade this week according to ScorpionFX and Myfxbook
It's a British holiday so the Forex market and stock exchange will be shut in London. You can still trade etc but it will be slow. London drives the Forex market.

Pitview Ltd and parent company advanced market systems are not regulated by or registered or approved by the FCA

I wouldn't touch them with a long pole.

Which means their market data is fake.... Just like the rest of them.
The most violent element in society is IGNORANCE
  • #455
  • May 5, 2018 8:29pm May 5, 2018 8:29pm
Quoting neilgroom
{quote} It's a British holiday so the Forex market and stock exchange will be shut in London. You can still trade etc but it will be slow. London drives the Forex market. Pitview Ltd and parent company advanced market systems are not regulated by or registered or approved by the FCA I wouldn't touch them with a long pole. Which means their market data is fake.... Just like the rest of them.
Pitview data is not fake. It is just delayed which makes it useless for scalpers.
Get your facts straight before you say something that is not true.

You think myfxbook data is real? Show me where they are regulated by any government agency.
Also, you state you are a contrarian trader.

If I was a contrarian trader I would use real data that can be useful for contrarian trading from a real broker and it is free.
https://www.dukascopy.com/swiss/engl...tch/sentiment/
  • #456
  • May 5, 2018 8:47pm May 5, 2018 8:47pm
Lmaoooo

How's that ea going you wrote Jeff years ago... you see I do my research. Never, ever get any info from a brokers website. You should no better then that.
Are you successful in forex Jeff. I mean really successful?

Now come on and don't link to paid links even though this is a commercial thread.

I'll give you a tip... if you have to pay for it, it's not real. If the owners had this info they would be extremely rich and wouldn't have to get subscribers like you to pay there bills.

Bye for now.
The most violent element in society is IGNORANCE
  • #457
  • May 5, 2018 9:00pm May 5, 2018 9:00pm
Quoting neilgroom
Lmaoooo How's that ea going you wrote Jeff years ago... you see I do my research. Never, ever get any info from a brokers website. You should no better then that. Are you successful in forex Jeff. I mean really successful? Now come on and don't link to paid links even though this is a commercial thread. I'll give you a tip... if you have to pay for it, it's not real. If the owners had this info they would be extremely rich and wouldn't have to get subscribers like you to pay there bills. Bye for now.
People can make their own choices and use whatever tools they want to.
I did see you did not answer the question about one of your so called trading tools myfxbook.
Your research on me shows nothing.
I have no ego to bruise like you obviously do.
Good luck on your contrarian trading.
Better yet why don't you set up FF trade explorer and prove to everyone that your contrarian trading is profitable.
  • #458
  • May 5, 2018 9:13pm May 5, 2018 9:13pm
If you havve read the thread I posted two trades I have opened on a Sunday night when the markets opened. Not after I profited from them. I posted them as I bought them.

For all to see. Two trades. Last week I told all here I had brought 5 lots buy USD/JPY... I trade large lots and usually only have one trade a weak for all to see.

Two trades in two weeks and £15,000 profit. .. I don't have to waste my time here but there are a few nice people in this thread and I want to teach them they don't need to pay for worthless shit and still be broke at the end of the month...

Anyway Jeff. It's gone 3am here. So I bid you goodnight.
The most violent element in society is IGNORANCE
  • #459
  • May 6, 2018 1:19am May 6, 2018 1:19am
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. EDITED TO SAY that is the CHF/JPY chart.. Sorry... Lack of sleep. {image}
Maybe the difference came from the broker's feed. I am using Global Prime (Ecn broker) and the data is more or less in line with tradingview just a few point difference (47 vs 43.5)
  • #460
  • May 6, 2018 2:45am May 6, 2018 2:45am
This is my trading plan for next week or coming 2 two weeks....And it just my trial to this contrarian method......

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 5 KB

EURUSD: 1) myfxbook long 68% (15678 lots); 2) Indicator short biased with -2 rating (not at extrema); 3) Technically 3 pushes (3 levels in H4), rebound possible
Plan: Short when H4 (or even D1) RSI period 2 (HLC/3) enter the overbought zone (70) and drop back if myfxbook still show similar reading in the % or when price at weekly key level of 1.215

Attached Image

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GBPUSD: 1) myfxbook long 79% (8368 lots); 2) Indicator short biased with -2 rating (not at extrema); 3) Technically 3 pushes (3 levels in H4), rebound possible
Plan: Short when H4 (or even D1) RSI period 2 (HLC/3) enter the overbought zone (70) and drop back if myfxbook still show similar reading in the % or when price at weekly key level of 1.378 (also near daily up channel)

Attached Image

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NZDUSD: 1) myfxbook long 89% (6229 lots); 2) Indicator short biased with 2 rating (reading miz and not concur);
Plan: Short when H4 (or even D1) RSI period 2 (HLC/3) enter the overbought zone (70) and drop back if myfxbook still show similar reading in the %. As readings is not in absolute sync, a bit concern and may need waiting rebound to last demand area (0.717-.0713)
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