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Bank Currency Strength

  • #481
  • May 6, 2018 8:54am May 6, 2018 8:54am
Quoting bojack34
{quote} 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.
As I stated before quoting Moodys post. The haters will slowly sink into the thread like a disease to ultimately kill the thread. I will watch next week using the same contrarian idea with the COT report and see what happens.

My contrarian interpretation of the COT report to start the week off. Probably wrong but that's how I learn.

EurUsd >> Long
GbpUsd >> Long
AudUsd >> Long
UsdChf >> Long

Dave

PS Probably time for a new thread
K.I.S.S.
  • #482
  • May 6, 2018 8:56am May 6, 2018 8:56am
Quoting fmsfx
{quote} As I stated before quoting Moodys post. The haters will slowly sink into the thread like a disease to ultimately kill the thread. I will watch next week using the same contrarian idea with the COT report and see what happens. My contrarian interpretation of the COT report to start the week off. Probably wrong but that's how I learn. EurUsd >> Long GbpUsd >> Long AudUsd >> Long UsdChf >> Long Dave PS Probably time for a new thread
This is why you remove them immediately. No need for negativity in your own thread. "Rule with an iron fist" lol
  • #483
  • May 6, 2018 9:30am May 6, 2018 9:30am
Quoting bojack34
{quote} 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.

Even Davits deviates from the original pivot & TDI on the 30m to 5m to 4hr to D1, the open, more and more fundamental analysis, S&R, harmonics and then lately any pivot will do - and he does govern it tightly.

I mean what is a 'system' or a 'strategy' in trading anyway - it is certainly nothing like an IT system were you have specific requirements functional and non-functional - in trading everything is sliding and rotating the whole time from a humans subjectivity.

It's a public forum and free - you get what you pay for so you cannot expect less than what is happening right here. It's too onerous on one person to manage a thread with the large spectrum of people you get coming in - some noobs, some experienced, some trolls, some loons - to people who couldn't follow a system/ruleset/strategy if you told them you would pay them $10,000 a day.

For the 100% of stuff on here - less than 1% is gold.
  • #484
  • May 6, 2018 10:33am May 6, 2018 10:33am
Quoting neilgroom
{quote} 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.
"I'll explain gold as a currency strength when I get more time."

Really Curious...

Neil, Stop being a tease and open a thread already man...

Thanks
  • #485
  • May 6, 2018 12:29pm May 6, 2018 12:29pm
Quoting aaven
{quote} "I'll explain gold as a currency strength when I get more time." Really Curious... Neil, Stop being a tease and open a thread already man... Thanks
I will post it.. It's the time really.. I never get any free time at the moment. From research and trading, my family means every thing to me.

I have come to a conclusion that I need someone here who has posted on the method, tips etc I have posted to open a thread on my behalf.
I won't have the time to manage it but ill post to it when I get the chance.

I do a mega load of research through the week and even the trading takes up my time. The rest I spend with my family.

If any of you would like to open a thread I will give you the right to post all of what I have said here and I will post in the thread any research, tip, methods etc as and when I get the time.

I believe a new thread will take up a lot of time on my end. Post here if you want to open one on my behalf. It is a shame I can't open one with the method and let someone manage it.

When I started posting in this thread I thought it would just get ignored and people would move on to the next idea or indicator thread.
The most violent element in society is IGNORANCE
  • #486
  • May 6, 2018 1:03pm May 6, 2018 1:03pm
Quoting neilgroom
{quote} I will post it.. It's the time really.. I never get any free time at the moment. From research and trading, my family means every thing to me. I have come to a conclusion that I need someone here who has posted on the method, tips etc I have posted to open a thread on my behalf. I won't have the time to manage it but ill post to it when I get the chance. I do a mega load of research through the week and even the trading takes up my time. The rest I spend with my family. If any of you would like to open a thread I will give you the right...
That is very kind of you Neilgroom, if someone has the time to open and manage it I would like to follow. Unfortunately I have a day job and I prefer not to manage a thread.
  • #487
  • May 6, 2018 1:27pm May 6, 2018 1:27pm
I can get the thread started up and copy over the relevant information from Neil and will have time to manage it.
  • #488
  • Edited 2:18pm May 6, 2018 1:40pm | Edited 2:18pm
I second that.. Osjoe for the hard job of opening the thread and kicking ass if anyone posts a paid link lol

osjoe2 reply to one of my posts... 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! He knows what he is talking about and actually uses a similar method.

Now here is some more stuff to read whilst I go eat my dinner.

How do I determine what are the strongest and weakest pairs?

I use gold as my common denominator, % of differnce in distance above or below 200 ma on 4hr chart.

Last week the USD was below the 4 hour candle which means it was very strong.. The poor GBP and CHF where well above the 200 MA with Gold.
(I really need to edit that bit.. You see time is hard for me and sometimes I rush to post things)

Edited - Last week the USD was below the 200 MA on the 4 hour candle with Gold which means it was very strong


This is done only once per day. Take the last 4 hour candle on tradingview chart.

If MT4 had these charts an easy indicator could do it for you and update it throughout the day... So we just use the last 4 hour candle and the rating is the rating for the next day.

I'll try and do the ratings for later.

Now this is Scorpionfx ratings for next week and here are mine based on the RSI period 2 HLC/3 from tradingview chart.
If only we had these ratings at the beginning of last week...... WOW

Scoropiofx
USD
JPY
CAD
AUD
EUR
NZD
GBP
CHF

and here are mine

USD
CAD
JPY
AUD
EUR
NZD
GBP
CHF

Not much difference

Now what we need to remember is a strong currency will become the weakest over time and vice versa.. Have you ever notice how the JPY can one week be mega strong and the following weeks very weak. powerful stuff there if you can catch the change
I'll do the GOLD ratings when I get chance but there won't be much difference from those above
The most violent element in society is IGNORANCE
  • #489
  • May 6, 2018 1:40pm May 6, 2018 1:40pm
Hey Neil, do you use 5000 volume with EURUSD as well? I'm assuming that pair volume is always going to be a lot more since it's traded by so many people. Do you have a different volume needed with that pair compared to other pairs?
  • #490
  • May 6, 2018 1:58pm May 6, 2018 1:58pm
Quoting bojack34
Hey Neil, do you use 5000 volume with EURUSD as well? I'm assuming that pair volume is always going to be a lot more since it's traded by so many people. Do you have a different volume needed with that pair compared to other pairs?
A very good point.. I cant remember the last time I traded that pair but on that one make sure the percent is very high. A minimum of around 80%.
Even with the GBP/USD make sure the percent in around 80%.

Safe for all the other to be over 70% and over 5000 volume.
The most violent element in society is IGNORANCE
  • #491
  • Edited 2:45pm May 6, 2018 2:01pm | Edited 2:45pm
My pairs to trade this week using Neils contrarian strategy are:

1) USD/CHF - BUY (93% - 14,279 vol)
2) NZD/USD - SELL (89% - 6,229 vol)
3) GBP/USD - SELL (79% - 8,368 vol)

On Monday we have NZD "Inflation Report" - This report has come back around "as expected" for the last 5 reports....so possibly not much movement on NU on Monday especially since on Wednesday we will have a BIG NZD NEWS day. On Wednesday we have Reserve Bank of New Zealand releasing their Cash Rate, Monetary Policy Statements, Rate Statement and a Press Conference.

On Thursday we have BOE "Inflation Report", MPC Bank Rate Vote, Monetary Policy Summary and Official Bank Rate.........From what I've read BOE was at a 90% chance of raising rates in May but it went down to about a 10% chance.....but then I recently read this, "the possibility of a 25-basis point increase in the Bank rate next Thursday shouldn’t be totally dismissed as the BoE could raise in May, arguing that it is looking ahead to future inflation expectations" Most likely there will be no "rate hike" in the Interest Rate, but you never really know for sure. An unexpected "hike" could have a big impact on the GBP market.

Also I would keep an eye out on the USD.....Trump gave himself a deadline of Monday the 14th (im pretty sure) to either continue on with the Iran Nuclear Deal or to withdraw from it. If the release of this news comes out this week, this too will most likely have a big impact on the USD.

Please take my advice with a grain of salt....I'm new to FA and I'm still learning. THanks Neil for all of your guidance.
  • #492
  • May 6, 2018 2:26pm May 6, 2018 2:26pm
I am unable to open a thread in Interactive Trading so it will need to be opened in Trading Systems, which I don't see a problem with as I see this strategy as a Methodical System that needs to be followed. If this is OK let me know and I'll proceed if not someone else with a low impact badge or above can move forward with a new thread.
  • #493
  • Edited 2:55pm May 6, 2018 2:33pm | Edited 2:55pm
Quoting bojack34
{quote} 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.
That's what I meant by spamming this topic. Absolutely aware. The thread is Bank Currency Strength. Bank positions with specifically paid indicators rather than a multitude of strategies based on paid services and unproven strategies based on free sites that someone claims to be topical. They have nothing to do with the original theme. I can show you many Bulgarian people and ruchenians and the whole folklore of Bulgaria on this topic because you are not in the thread either. And you from South Africa, learn where Bulgaria is, to learn at least how to write and then talk to me about Forex. A little respect for one of the oldest states on the oldest continent. And you unfamiliar man, why do you want to ignore me from the subject. Have you asked yourself that you have nothing to do with the thread and you can also be ignored. Those who started the thread probably have other names in the forum already, or are very busy with fraudulent plans. They are simply not in this thread. In one of my posts on this topic, I apologized to everyone who has ideas for better trade. I mentioned a new thread. But I made it clear that this is not the thread. I do not approve of the trend against the trend, but that does not mean it's not profitable. All of you, I see you are not much, you will not have a duck to follow, because he does not want to find a new thread. In every post, he writes how busy his family is, not a new thread. I have already written to the administrators and my hope is to conclude this thread, while JayRai and Angela1985 have the status of Commercial Member. Whoever knows me from this forum knows that I am extremely honest, honest and straightforward. Although I have been a trader for 20 years. Do not you look like an upward trend?
Be healthy!

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Точно това имах в предвид, като направих спам на тази тема. Абсолютно осъзнат. Нишката е Bank Currency Strength. Банкови позиции с конкретно платени индикатори, а не множество от стратегии на базата на платени услуги и не доказани стратегии на базата на безплатни сайтове, които някой твърди, че всичко е актуално. Те нямат нищо общо с първоначалната тема. Мога да Ви показвам много български хора и ръченици и целият фолклор на България в тази тема, защото и Вие не сте в нишката. И ти от Южна Африка, научи къде е България, за да се научиш поне как се пише и после да ми говориш за Forex. Малко уважение покажи към една от най старите държави на най-старият континент. А ти непознати човече, защо искаш да ме игнорираш от темата. Зададе ли си въпроса, че нямаш нищо общо с нишката и ти също можеш да си игнориран. Тези, които стартираха нишката, вероятно са с други имена във форума вече или са много заети с измамни планове. Просто ги няма в тази нишка. В един мой пост в тази тема, се извиних на всички, които имат идеи за по-добра търговия. Споменах за нова нишка. Но аз ясно казах, че това не е нишката. Аз не одобрявам начина на търговия против тренд, но това не означава, че не е печеливш. Всички Вие, виждам че не сте много, няма да имате патица, която да следвате, защото той не иска да открива нова нишка. Той във всеки пост пише, колко е зает със семейството си, а не с нова нишка. Аз вече писах на администраторите и надеждатата ми е да се заключи тази тема, а JayRai и Angela1985 да са с статус Commercial Member. Който ме познава от този форум, знае, че съм изключително коректен, честен и прям. Въпреки, че съм търговец от 20 години. Не ви ли прилича на възходящ тренд?
Бъдете здрави!
  • #494
  • May 6, 2018 2:37pm May 6, 2018 2:37pm
Quoting juraia
{quote} That's what I meant by spamming this topic. Absolutely aware. The thread is Bank Currency Strength. Bank positions with specifically paid indicators rather than a multitude of strategies based on paid services and unproven strategies based on free sites that someone claims to be topical. They have nothing to do with the original theme. I can show you many Bulgarian people and ruchenians and the whole folklore of Bulgaria on this topic because you are not in the thread either. And you from South Africa, learn where Bulgaria is, to learn...
I beileve you have the wrong person here. I am from the US and I have never said anything to you...ever. And I have never ignored anyone. Please don't drag me into this conversation.

EDIT: As far as Bulgaria goes, I hope there is no problems there.....my Broker's bank is located in Bulgaria.
  • #495
  • May 6, 2018 2:45pm May 6, 2018 2:45pm
Quoting newzTrader
{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.

Can you read? If you read my post properly you would have noted that I said: "other institutions/banks and our (retail traders) money"

Of course we are small players but they don't just gun for us. Obviously not
  • #496
  • Edited 3:33pm May 6, 2018 3:04pm | Edited 3:33pm
osjoe2 is working on opening the new thread. He has my full permission to post any info I have posted here. His own info etc.

I will be joining the discussion as well and posting just like here.

Then we can all follow the thread and keep it clean. No paid links allowed or your ass will be kicked if you go off topic.

Watch this space for updates from OSJOE.

Just found this on my computer. Sentiment for the NZD/USD... Not sure how old it is but I do remember what it was for. The grey above was when retail traders where buying it.. A nice 500 pip move down
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The most violent element in society is IGNORANCE
  • #497
  • May 6, 2018 3:05pm May 6, 2018 3:05pm
Quoting bojack34
{quote} I beileve you have the wrong person here. I am from the US and I have never said anything to you...ever. And I have never ignored anyone. Please don't drag me into this conversation. EDIT: As far as Bulgaria goes, I hope there is no problems there.....my Broker's bank is located in Bulgaria.
Friend, I have confirmed your words with which I agree. They will be recognized.

Приятел, потвърдих твои думи, с които съм съгласен. Те ще се разпознаят.
  • #498
  • May 6, 2018 3:24pm May 6, 2018 3:24pm
Then, as Bulgaria is currently the President of the Council of the European Union, I hope everything is in the right direction. Banks are stable and calm.
  • #499
  • May 6, 2018 3:38pm May 6, 2018 3:38pm
Here is the new thread

https://www.forexfactory.com/showthread.php?t=761579
  • #500
  • May 6, 2018 3:45pm May 6, 2018 3:45pm
Quoting osjoe2
Here is the new thread https://www.forexfactory.com/showthread.php?t=761579
Awesome work osjoe. Please follow the thread if you want as I will be posting in that one from now on and not here
The most violent element in society is IGNORANCE
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