USDCAD: 1) myfxbook short 78% (4014 lots); 2) Indicator no biased with 0 rating (no direction); pass as possible direction changing and price choppy at weekly key level 1.284 for the past 9 days......channel top and last supply confluence at 1.3077
{image} {image} USDCAD: 1) myfxbook short 78% (4014 lots); 2) Indicator no biased with 0 rating (no direction); pass as possible direction changing and price choppy at weekly key level 1.284 for the past 9 days......channel top and last supply confluence at 1.3077
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Pretty good, jasonckb!
Can't add much to that. Completely agree on your prognosis on those four trading pairs.
My view is that we'll see a correction on GBP and EUR early next week. Frankfurt will use the public holiday in the UK to push the Pound up a bit and I think that NY will concur. Anyway we'll see. Furthermore I see AUDCAD and AUDUSD downwards. I maybe wrong but I see AUD weakening next week due to very weak economic conditions down under.
Where's Jeff gone? I was loving that. Posting links to paid shit is BANNED.
Top currency strength last week - Based on RSI setting 2 HLC3
USD - 95
CAD - 93
JPY - 83
AUD - 75
EUR - 19
NZD - 16
GBP - 7
CHF - 0
The poor swissy and pound took a beating last week.. Lets see how it goes this week.. Will the USD remain strong again.
Be careful of those pullbacks and sentiment might have changed for this week.
London market will be closed Monday as it's a U.K holiday, so the markets will be quiet.
Best thing is IT ISN'T RAINING.
Good luck everyone. I'll pop here when I can.Your all doing great though and see some have posted there research and trades. AWESOME.
This thread is so funny. Good to Kill the Time. Thanks for all the people who took stage and taking stage to entertain. claps..claps..claps.
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Really? You mean the Bularian dancing videos? Absolutely hilarious
As far as everything else is concerned, I see it as deadly serious stuff. Contrarian trading is the only way to trade most of the time. There is absolutely no doubt about it. I think that the problem with many small traders is that they just don't understand the basic mechanics of the forex market. If say 100% (everyone) is buying where is the liquidity? Unless someone is selling the price would come to complete stop!! Where on earth do people think that the large institutions find their "liquidity"? By gobbling up other institutions/banks and our (retail traders) money of course! That is why price action never goes up or down smoothly. Even in a strong uptrend/downtrend we always see jerky liquidity hunt pullbacks. Taking USDCHF as an example, if 80% of traders are short, my goodness this is easy money if the larger institutional price movers can move the price upwards. Of course news events or extreme fundamental factors can work against them at times. That is when they will lose big money. But those times are very rare!
{quote} Really? You mean the Bularian dancing videos? Absolutely hilarious As far as everything else is concerned, I see it as deadly serious stuff. Contrarian trading is the only way to trade most of the time. There is absolutely no doubt about it. I think that the problem with many small traders is that they just don't understand the basic mechanics of the forex market. If say 100% (everyone) is buying where is the liquidity? Unless someone is selling the price would come to complete stop!! Where on earth do people think that the large institutions...
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right, so that whatever trillion dollars coming, I mean, large institutions finding their "liquidity" ONLY comes from the retail traders....yeah..that is total BS.
Where's Jeff gone? I was loving that. Posting links to paid shit is BANNED. Top currency strength last week - Based on RSI setting 2 HLC3 USD - 95 CAD - 93 JPY - 83 AUD - 75 EUR - 19 NZD - 16 GBP - 7 CHF - 0 The poor swissy and pound took a beating last week.. Lets see how it goes this week.. Will the USD remain strong again. Be careful of those pullbacks and sentiment might have changed for this week. London market will be closed Monday as it's a U.K holiday, so the markets will be quiet. Best thing is IT ISN'T RAINING. Good luck everyone. I'll...
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Hi,
Was just trying out few things, and I thought the best way to find out currency strength and weakness is applying the RSI 2 to the currency index. Before the market opens you can prepare the currency strength and weakness accordingly. You will need to do it through tradingview only.
These are the symbols for the different currency index and gauge the strength/weakness by the RSI 2 just like Neil does. I feel it further shortens the process and you can create pairs accordingly.
{quote} right, so that whatever trillion dollars coming, I mean, large institutions finding their "liquidity" ONLY comes from the retail traders....yeah..that is total BS.
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Seems you came for showing off rather than sharing your knowledge.....
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...
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2 trades. Wow that definitely proves you are a guru.
Post a FF trade explorer that shows all of your so called contrarian trading results over time.
Until then you are just another mouth that speaks but does not back up what they crow about. I do wish you good luck on your genius way of trading using tools such as myfxbook that are not regulated. Ohh wait you said you are against tools that are not regulated. Well one day maybe your words will back up what you do. Good luck to everyone trading. Use whatever tools that will make you money. I am done in this thread as I have no ego to bruise like neilgroom.
A way of looking at it Jeff is people who CAN'T do it... Teach it.. I've been doing this for 15 years and never told anyone my way of doing it.
I came to this thread because I was sick and tired of good people here being scammed by shit you had to pay for. I never hardly came to Forex factory as I never needed to. Don't need to. But there are good people here especially on this thread who deserve to be told and not buy into shit that will make them more broke.
I have given people some tips and ideas. I leave it up to them how and if they want to use them. Showing all my trades over the years won't help them.
Your just a bad loser and a very angry person who needs to chill out.. myfxbook doesn't need to be regulated. How uneducated are you.
A way of looking at it Jeff is people who CAN'T do it... Teach it.. I've been doing this for 15 years and never told anyone my way of doing it. I came to this thread because I was sick and tired of good people here being scammed by shit you had to pay for. I never hardly came to Forex factory as I never needed to. Don't need to. But there are good people here especially on this thread who deserve to be told and not buy into shit that will make them more broke. I have given people some tips and ideas. I leave it up to them how and if they want to...
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Neil, this is why you should just start your own thread. You could have removed this guy from the thread in 5 seconds and we all could have went on with our lives in a positive manner. It's very easy to keep the thread clean when you have control. Let the haters hate.....somewhere else! On the other hand.....this guy is the reason why you have reservations to opening your own thread. Understandable.
{quote} Hi, Was just trying out few things, and I thought the best way to find out currency strength and weakness is applying the RSI 2 to the currency index. Before the market opens you can prepare the currency strength and weakness accordingly. You will need to do it through tradingview only. Dollar - DXY CAD - CXY YEN - JXY AUD - AXY EUR - EXY NZD - ZXY GBP - BXY CHF- SXY These are the symbols for the different currency index and gauge the strength/weakness by the RSI 2 just like Neil does. I feel it further shortens the process and you can create...
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I'm thinking about it bojack.. Still got some things to work out etc.
You can also do it with Gold. Powerful
XAUAUD
XAUGBP
XAUCAD
ETC, ETC
Tradingview charts.. I'll explain gold as a currency strength when I get more time.
{quote} I'm thinking about it bojack.. Still got to things to work out etc. You can also do it with Gold. Powerful XAUAUD XAUGBP XAUCAD ETC, ETC Tradingview charts.. I'll explain gold as a currency strength when I get more time.
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Yes please do. Gold seems to be perfect for intraday trading I feel.
{quote} Yes please do. Gold seems to be perfect for intraday trading I feel.
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It would be nice to open a thread (or a website) where all users post their analysis and ideas, where there aren’t just naysayers and people who want to be spoon fed like in trading system section.
A place where to share views, technical analysis, fundamentals, trades etc. Not a system thread, I don’t know if you understand what I mean... something like the home of TradingView
i feel like FF need some fresh air... actually I can’t find a decent thread (except 3) where you can see people trading and doing analysis, just a lot of Blablabla and then the absolute emptiness. And if you write wrong a letter, you are removed... what a sadness
{quote} It would be nice to open a thread (or a website) where all users post their analysis and ideas, where there aren’t just naysayers and people who want to be spoon fed like in trading system section. A place where to share views, technical analysis, fundamentals, trades etc, i feel like FF need some fresh air... actually I can’t find a decent thread (except 3) where you can see people trading and doing analysis, just a lot of Blablabla and then the absolute emptiness. And if you write wrong a letter, you are removed... what a sadness
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It doesn't and won't exist if it's to do with money. In public.
Strangers and money....Sharks to the left of me, jokers to the right....
{quote} It would be nice to open a thread (or a website) where all users post their analysis and ideas, where there aren’t just naysayers and people who want to be spoon fed like in trading system section. A place where to share views, technical analysis, fundamentals, trades etc. Not a system thread, I don’t know if you understand what I mean... something like the home of TradingView i feel like FF need some fresh air... actually I can’t find a decent thread (except 3) where you can see people trading and doing analysis, just a lot of Blablabla...
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I feel like this is where your everyday trader misses the mark. They jump around from strategy to strategy. Having a thread that allows everyone to post their ideas, thoughts and analysis on different strategies is counter productive in my opinion. If we have a thread with ONE strategy and then people give their personal analysis on that particular strategy, only then do I feel that would be helpful. Focus must be maintained.
