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(binned per thread starter's request) Currency Strength with cont

  • #41
  • May 7, 2018 1:14am May 7, 2018 1:14am
subs. thanks and
Regards
  • #42
  • May 7, 2018 1:34am May 7, 2018 1:34am
Great job!
Anything above the line is an uptrend, below the line is a downtrend.
  • #43
  • Edited 2:39am May 7, 2018 2:29am | Edited 2:39am
My one and only real weekly trade this week is the GBP/USD sell for 8 lots

Set a sell stop order for 1.35233 - I havnt opened an order straight the way as I normaly do as London markets are closed until Tuesday. Got me a little nervous.

I will explain in detail later today.. I'm not available much today as it's a British holiday and will be out most of the day.

P.S I hope you all brought the USD/CHF earlier. What a great start to the week.

Update: According to my strength formula the GBP is the strongest at the minute but the USD is right behind it.
The most violent element in society is IGNORANCE
  • #44
  • May 7, 2018 3:11am May 7, 2018 3:11am
Quoting osjoe2
This was originally neilgroom's strategy that he shared with us in previous thread.....
what TF do we use for this ?
sorry i still dont understand this strategy,
we follow currency pair what scorpionfx give, and then take position based on myfxbook, eg: scopionfx give "eurusd" then we look in to myfxbook, if a percentage for "LONG" is over 70% with a volume at least 5000 LOTS then we take " LONG". Is that true ?
  • #45
  • May 7, 2018 3:27am May 7, 2018 3:27am
Quoting anugrahYesus
{quote} what TF do we use for this ? sorry i still dont understand this strategy, we follow currency pair what scorpionfx give, and then take position based on myfxbook, eg: scopionfx give "eurusd" then we look in to myfxbook, if a percentage for "LONG" is over 70% with a volume at least 5000 LOTS then we take " LONG". Is that true ?


I trust posts like this get removed or schooled if we want to keep this thread 'clean' otherwise it will fill up quickly.

This is not a spoon feeding school - if you cannot research, come up with your own conclusions to information publicly available in post 1 then 'trading' is not for you.
  • #46
  • Edited 4:33am May 7, 2018 4:08am | Edited 4:33am
It's not rocket science..

I asked by daughter who is 12 to take a look at the ssi - (Sentiment at myfxbook) and explained the rules. Look for a percent over 70% and volume over 5000 and if you spot one, do the opposite of what it says.

Go to my demo account on ADSS London. I shown her as it was open. And click on the buy or sell on what you think is the best two. I had to show her the buy/Sell buttons.

Took her over an hour though.. yes, it was a late night.

I went and got a coffee and just left her to it but not tell me what she did. This was last night before she went to bed. She has only just got up but the first thing she said to me was "dad how did I do, did I do it right. Can we go and see. She laughed and said, will you be mad if I got it wrong.

Luckily my real account is on another computer in my office..

Here is how she is doing... I have to pay her though how much she has made for real. Nice education.
Anyway we are all out now for the day as the British weather is gorgeous today. Hot and sunny.. Yes, my American friends... It doesn't always rain.
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The most violent element in society is IGNORANCE
  • #47
  • May 7, 2018 4:13am May 7, 2018 4:13am
Here is my new long trade based on this strategy: EURCHF
Myfxbook community outlook

  1. Percentage: 95%
  2. Short Volume over: 6700 lots
  3. RSI 2 HLC/3 over 70



Attached Image
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Your salary is the bribe they give you to forget your dreams
  • #48
  • May 7, 2018 4:33am May 7, 2018 4:33am
Thanks for sharing guys, I have been getting the ScopionFX email for awhile now, and mostly my view is the same, so myfxbook will add an extra confirmation.

But I'm slightly confused by the last 2 posts mention of EURCHF

Are there 2 methods being used here?

1 with ScorpionFX pairs, then reading the myfxbook community outlook?

And 1 reading only the myfxbook community outlook?

Also, while I'm here, first post mentions waiting 1 hour to check if trade is going in right direction, without even Tokyo market open yet?

Some pairs maybe moved only 10 pips, so if you can determine direction for the week from that, you don't need any system!!!

Good luck all
It takes a lot for me to IGNORE you, but you can try.
  • #49
  • May 7, 2018 4:47am May 7, 2018 4:47am
I am short GU and NU, maybe a bit late but went short on the pull back of the 15m candle

NZDUSD
Attached Image
GBPUSD
Attached Image


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Your salary is the bribe they give you to forget your dreams
  • #50
  • May 7, 2018 5:43am May 7, 2018 5:43am
Quoting osjoe2
This was originally neilgroom's strategy that he shared with us in previous thread. We decided it no longer belongs in the commercial section because we are not using any paid services and that it deserves it's own dedicated thread so we can remain focused on this ONE strategy. I will try to maintain the thread as neilgroom does not have the time, however he will continue to drop in and contribute. I have copied over all the relevant information from the other thread and put it below and will continue to update this first post as needed so newcomers...
So we only take trades once a week? Meaning we check once every sunday and take these trades?
Also is there an exit strategy?
  • #51
  • May 7, 2018 5:55am May 7, 2018 5:55am
Wow what a totally different approach. Subscribed.
  • #52
  • May 7, 2018 5:56am May 7, 2018 5:56am
These were opened Sunday at market open, some quick pips after doing some basic research that I copied over from the previous thread and put in the first post. I will close most of these and go with one or two pairs for the rest of the week. EURUSD is the outlier here, it was not opened from the strategy so just ignore it.

Attached Image (click to enlarge)
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I am still on demo just to clarify, I like to test and run through different variations before going live.
  • #53
  • May 7, 2018 6:00am May 7, 2018 6:00am
Quoting osjoe2
These were opened Sunday at market open, some quick pips after doing some basic research that I copied over from the previous thread and put in the first post. I will close most of these and go with one or two pairs for the rest of the week. EURUSD is the outlier here, it was not opened from the strategy so just ignore it. {image} I am still on demo just to clarify, I like to test and run through different variations before going live.
That's excellent osjoe

Well done!
  • #54
  • May 7, 2018 6:13am May 7, 2018 6:13am
Subscribed. I've been focusing on currency strength with good success lately. This will certainly enhance. Thank you.
  • #55
  • May 7, 2018 6:14am May 7, 2018 6:14am
Nice work! Got late to the party here. Its really an interesting approach.

Anyway, 1 lot is huge, man... How do you set for stop loss?

- WF10

Quoting osjoe2
These were opened Sunday at market open, some quick pips after doing some basic research that I copied over from the previous thread and put in the first post. I will close most of these and go with one or two pairs for the rest of the week. EURUSD is the outlier here, it was not opened from the strategy so just ignore it. {image} I am still on demo just to clarify, I like to test and run through different variations before going live.
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #56
  • May 7, 2018 6:26am May 7, 2018 6:26am
Quoting WindFreeze10
Nice work! Got late to the party here. Its really an interesting approach. Anyway, 1 lot is huge, man... How do you set for stop loss? - WF10 {quote}
This is up to the individual trader. I focus on market structure and set at interesting levels/zones. Don't pay attention to the SL values I have in my screenshot, i just threw them on before i was going to bed, although price has come no where near.
  • #57
  • May 7, 2018 6:45am May 7, 2018 6:45am
GBP/USD:

Monthly: 2 lower highs
Weekly: Bearish Engulfing Outside Bar + three white soldiers + trendline breaked
Daily: Swing high confirmed weeks ago...

ScorpionFX forecast: Short
MyFxcommunity: 78% long with 8538 lots

Well, i see it definetely short. But i feel like i am late: we could entered weeks ago and gained 660+ pips
  • #58
  • May 7, 2018 6:50am May 7, 2018 6:50am
Method based on currency strength..,on free information, now dumped into commercial, I didn’t think it would take too long before someone became pi55ed off. Next comes the thread disruption. So Mods,what’s with the move? Who became pi55ed off?? Broker? Commercial member??
  • #59
  • May 7, 2018 6:52am May 7, 2018 6:52am
Quoting moodybot
Method based on currency strength..,on free information, now dumped into commercial, I didn’t think it would take too long before someone became pi55ed off. Next comes the thread disruption. So Mods,what’s with the move? Who became pi55ed off?? Broker? Commercial member??

I think because in ScorpionFX there are forex courses advertising
  • #60
  • May 7, 2018 6:53am May 7, 2018 6:53am
Quoting moodybot
Method based on currency strength..,on free information, now dumped into commercial, I didn’t think it would take too long before someone became pi55ed off. Next comes the thread disruption. So Mods,what’s with the move? Who became pi55ed off?? Broker? Commercial member??
Yes someone got pissed off. I just looked on my phone as we all stopped for lunch. Oh well at least we all here from the old thread. Back later sometime today.
The most violent element in society is IGNORANCE
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