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Currency Strength with contrarian approach - Q&A

  • #21
  • May 10, 2018 6:36pm May 10, 2018 6:36pm
here is some secret sauce here guys
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It takes a lot for me to IGNORE you, but you can try.
  • #22
  • May 10, 2018 6:53pm May 10, 2018 6:53pm
Quoting Erebus
here is some secret sauce here guys {image}
Terrific, which one? Personally I use one with an alarm, I need to know the time and order that two specific currency’s hit a given value. Worth there weight in gold. Literally.
Keep digging, you surpass yourself.
  • #23
  • May 10, 2018 6:56pm May 10, 2018 6:56pm
What's that got to do with anything. I still use that on a demo mt4 account today. Go buy it and use it with the mybook contrarian method. I can afford to test things. It's what it's all about. Test until you find the answer. Stop wasting your life on petty things. Get out in your beautiful country and do something worthwhile.

 

  1. In Greek mythology, Erebus, also Erebos (Ancient Greek: "deep darkness, shadow"), was the son of a primordial god, Chaos, and represented the personification of darkness. Erebus married his sister Nyx (goddess of the night) and their offspring include: Aether, Cer, Hemera, Charon, the Hesperides, Hypnos, the Moirae, Momus

A devil who married his sister... WOW

The most violent element in society is IGNORANCE
  • #24
  • May 10, 2018 7:00pm May 10, 2018 7:00pm
Quoting moodybot
{quote} Terrific, which one? Personally I use one with an alarm, I need to know the time and order that two specific currency’s hit a given value. Worth there weight in gold. Literally. Keep digging, you surpass yourself.
IKR, so why is everyone so fixated on doing manual calculations against only the JPY currency?

Doesn't make any sense unless you are only trading against the YEN perhaps

Shouldn't the calculation be every currency against each other, same as a meter does?

Very strange, I guess people just think that way does better if they don't understand how it works internally, just accept it and trade on!

It takes a lot for me to IGNORE you, but you can try.
  • #25
  • May 10, 2018 7:28pm May 10, 2018 7:28pm
Because the JPY is a quote currency (counter currency) for every single pair.
The most violent element in society is IGNORANCE
  • #26
  • May 10, 2018 7:50pm May 10, 2018 7:50pm
Quoting neilgroom
Because the JPY is a quote currency (counter currency) for every single pair.
Thanks for that fact, I wasn't aware! But then so is the EURO and it is probably more traded volume than JPY

And why does every Currency Strength Meter take in consideration the 28 pairs, why not just the YEN if that is so great?

Can the EURO be plotted and produce the same rankings as JPY?

I might ask that guy with MAD Dash to code just a JPY dash, using the criteria, none of this manual plotting for me

Once again, thanks, but the mystery remains!

Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #27
  • May 10, 2018 7:55pm May 10, 2018 7:55pm
Quoting stimpy
{quote} i clicked ignore on him. total loon - tries to tear stuff apart, clutching at straws then goes and trades the non existent method. nutter.
Don't do that, you miss all the fun, and being in Afghanistan, you need all the fun you can get

It takes a lot for me to IGNORE you, but you can try.
  • #28
  • May 10, 2018 7:55pm May 10, 2018 7:55pm
The Euro is a base currency - It always comes first whilst the JPY is always second.
The most violent element in society is IGNORANCE
  • #29
  • May 10, 2018 7:57pm May 10, 2018 7:57pm
Quoting Erebus
{quote} IKR, so why is everyone so fixated on doing manual calculations against only the JPY currency? Doesn't make any sense unless you are only trading against the YEN perhaps Shouldn't the calculation be every currency against each other, same as a meter does? Very strange, I guess people just think that way does better if they don't understand how it works internally, just accept it and trade on!
I know exactly how mine works, I built it. Yen is very much part of the calculation..inc the other index’s. I think you are really starting to struggle now, don’t let it become a vendetta.
  • #30
  • May 10, 2018 8:04pm May 10, 2018 8:04pm
Quoting neilgroom
The Euro is a base currency - It always comes first whilst the JPY is always second.
Yet Erebus example above yields the same strength ranking on YEN or EURO.
Being a base currency haven't changed the ranking in above example.
Care for a second look?
there is always, always another trade!!
  • #31
  • May 10, 2018 8:06pm May 10, 2018 8:06pm
Quoting profitfarmer
{quote} Yet Erebus example above yields the same strength ranking on YEN or EURO. Being a base currency haven't changed the ranking in above example. Care for a second look?
He was referring to another formula in another thread and not that indicator.
The most violent element in society is IGNORANCE
  • #32
  • May 10, 2018 10:34pm May 10, 2018 10:34pm
Quoting neilgroom
{quote} He was referring to another formula in another thread and not that indicator.
Yes, you're on the ball, thanks. But my question remains, how does doing the calculation only vs the JPY transfer to the cross pairs eg. EUR vs GBP or CAD vs CHF ?

Why have these people put in countless hours coding Strength Meters when all they had to do was a little math everyday?

Why not have a coder do this up, it could easy draw the line as other CSM , then find strong crossing weak line quickly?

See here, please go and let them know it was all so easy --->

https://www.forexfactory.com/showthread.php?t=163158
It takes a lot for me to IGNORE you, but you can try.
  • #33
  • Edited 10:38am May 13, 2018 10:10am | Edited 10:38am
I have been blocked from the other thread Currency Strength with contrarian approach because they said I was trolling - you can read for yourself.

The thread is suspect with very odd behaviour from thread instigator NeilGroom and the thread inhabitants - there is no interest in understanding the why or mechanics behind Myfxbook - they are blindly following a commercial third party ScorpionFX with no interest in learning how to 'trade' - the thread is rightly in the commercial section as it has no base in a trading system or method.

Hanover is totally right in what he said upon leaving forexfactory.


Here is the market wizard Neil Groom from London https://soehoe.id/members/neil-groom.8401/

You can see he has been shown up in other forums & threads - scooping up noobs and particularly obnoxious with it. He is simply using other peoples work and presenting it as his wonder system.

Unfortunately those in the thread have been taken in by it.

Avoid.
  • #34
  • Edited 11:49am May 13, 2018 10:45am | Edited 11:49am
Also, I alerted NeilGroom to the fact that BankersFX looked dodge as Neil was going to sign up.

Now, with a 'working wonder system' you would wonder why Neil was going to be signing up with BankersFX....


"Think i'm on to something better and don't need bankersfx.
Just by using myfxbook community contrarian trading. It has worked for every pair today.
Go to https://www.myfxbook.com/en/community/outlook and take every pair with a volume over 5000 (Min percentage 70%)
Add an RSI period 2 on the daily chart with the pairs you get. Jeeeeeeez
Can't send a pic here. Sometimes the fxbook last weeks in the other direction. Were talking mega pips here.
I test buy if 70 or above and sell if 30 or below. Worked every time.
What I loved to see is I had the NZD/USD sell all last week and closed it Friday afternoon New York time. Well if you look the RSI it went above 30 and today it went below 30 again and it's mega dropped.

Your right. I will leave bankersFX alone. I will test this theory more.

All the best

Neil"

&&

"I just wish someone would talk about the bankersfx on the thread.. Loads of told me they have joined but not kept me updated. It is expensive ut will be worth it if it works. I just don't want to be disappointed. Scorpianfx trades are ok but some seem to just go the other way.. I'm doing OK using the contrarian approach though. Over £2000 up so far today but things could change."



So NeilGroom has gone from theory to full blown wonder system with a secret recipe in under a week.

Uh huh.
  • #35
  • May 13, 2018 11:08am May 13, 2018 11:08am
Quoting stimpy
Also, I alerted NeilGroom to the fact that BankersFX looked dodge as Neil was going to sign up. Now, with a 'working wonder system' you would wonder why Neil was going to be signing up with BankersFX.... "Think i'm on to something better and don't need bankersfx. Just by using myfxbook community contrarian trading. It has worked for every pair today. Go to https://www.myfxbook.com/en/community/outlook and take every pair with a volume over 5000 (Min percentage 70%) Add an RSI period 2 on the daily chart with the pairs you get. Jeeeeeeez...
Its amazing that people believe what comes out of his mouth.
People should just do what I did in the bankersfx thread. Tell him to back up what comes out of his mouth by him posting a FF trade explorer.
If everyone did that then there would be no one left to blindly follow him as he will never post a FF trade explorer.
He will show up on this thread again with some excuse for this and that as he is one of those people that always has to get the last word in.
if he posts a FF trade explorer that shows he is profitable over say 2 month time period then I will give him credit in a post. I doubt that he will.
  • #36
  • Edited 11:55am May 13, 2018 11:35am | Edited 11:55am
Quoting azjeff
{quote} Its amazing that people believe what comes out of his mouth. People should just do what I did in the bankersfx thread. Tell him to back up what comes out of his mouth by him posting a FF trade explorer. If everyone did that then there would be no one left to blindly follow him as he will never post a FF trade explorer. He will show up on this thread again with some excuse for this and that as he is one of those people that always has to get the last word in. if he posts a FF trade explorer that shows he is profitable over say 2 month time...
Yes, I think the worst part is how 5 people (if they are different people) - (osjoe2, neilgroom, jmtini, bojack34, jacksonckb) can turn on me (and be rude with it - im a troll, an idiot etc) for asking salient questions on COT and Myfxbook data - you then wonder on motives and who these people are.

At least Impenia was looking at the myfxbook data (albeit incorrect in parts and he/she admitted their mistake).

I don't think they understand what troll means and are probably new into things so cannot understand that any systems/methods need objective and quantitative analysis.

There is none of this in the thread and they are simply jumping in with Scorpion FX. They have absolutely no idea who ScorpionFX is or how they determine the 'sentiment' - unless they are all acting on behalf of ScorpionFX.

Probably just a bunch of people with $$$ in front of their eyes without the ability to stand back and analyse and build an actual system/method.

Again, Hanover detailed his thoughts about FF and the quality on show upon leaving - he isn't wrong - this is what we have to expect from a public gambling forum.


If you look in the other neilgroom posts/threads you can see people also asking for his real account - it never got presented. He is obnoxious and spends his Saturday evening gloating about his wonder system on a public gambling forum - when, if you look at his early posts stated "If I had a system that worked though I wouldn't sell it. I would just get rich and go live on an island" - but of course he isn't living on and island and has to hang out with us and everyone else on every other forum - because he hasn't got anything concrete at all - he stated it was just theory a week ago.

It is highly unlikely a secret recipe will ever come to fruition on a public forum - people forget that. There was a post in the thread saying "we just want a system that works"


I did point out I am genuinely interested in contrarian and sentiment (SSI) but you can go and read the result.
  • #37
  • May 14, 2018 8:04am May 14, 2018 8:04am
Quoting stimpy
I have been blocked from the other thread Currency Strength with contrarian approach because they said I was trolling - you can read for yourself. The thread is suspect with very odd behaviour from thread instigator NeilGroom and the thread inhabitants - there is no interest in understanding the why or mechanics behind Myfxbook - they are blindly following a commercial third party ScorpionFX with no interest in learning how to 'trade' - the thread is rightly in the commercial section as it has no base in a trading system or method. Hanover is totally...
Thanks for the mention about him proving me right. You probably need to unblock me to read this LOL

I knew it was total BS when he claimed to use a Daily 2 MA but it wasn't actually, it was a SCRIPT which might be a 250 or even 400 pips stop loss, this was while he was watching an 8 lot short trade and missed half his profit because it came back 10 pips or so??? Sounds more like scalping than needing a 250 pip stop, DOH

Anyway, a Script only runs 1 time so I doubt anyone can use it for stop loss....

I'm like you, I can't see the appeal but they are following him like the Pied Piper, maybe he is the Pied Pipper, but haven't seen any trades yet....

Good luck all
It takes a lot for me to IGNORE you, but you can try.
  • #38
  • May 14, 2018 8:30am May 14, 2018 8:30am
Quoting Erebus
{quote} Thanks for the mention about him proving me right. You probably need to unblock me to read this LOL I knew it was total BS when he claimed to use a Daily 2 MA but it wasn't actually, it was a SCRIPT which might be a 250 or even 400 pips stop loss, this was while he was watching an 8 lot short trade and missed half his profit because it came back 10 pips or so??? Sounds more like scalping than needing a 250 pip stop, DOH Anyway, a Script only runs 1 time so I doubt anyone can use it for stop loss.... I'm like you, I can't see the appeal but...
Apologies, you were kind of trolling and I had been reading pivot trading too...

However - I do want to know about contrarian & SSI - I just didn't know what fraud Neil was until I researched him.

Have you seen their trades today?

Have you seen how Neil is changing the ball park now all those trades are doing so poorly? ('USD this and that, ah but you need the RSI like this, I'm drunk etc')

3/4 of their 'trades' are losing trades....

AUDUSD sell
USDCHF buy
NZDUSD sell
GBPUSD sell

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  • #39
  • May 14, 2018 8:54am May 14, 2018 8:54am
Quoting stimpy
{quote} Apologies, you were kind of trolling and I had been reading pivot trading too... However - I do want to know about contrarian & SSI - I just didn't know what fraud Neil was until I researched him. Have you seen their trades today? Have you seen how Neil is changing the ball park now all those trades are doing so poorly? ('USD this and that, ah but you need the RSI like this, I'm drunk etc') 3/4 of their 'trades' are losing trades.... AUDUSD sell USDCHF buy NZDUSD sell GBPUSD sell {image}
Trolling or looking for the truth, you decide all good buddy

They think I'm banned on the Pivot thread, I'm not, I stopped posting because it conflicts with my mainly trend trading style, that's all

People want to read so much into the simplest thing; yes, look at them now, he has introduced Line Break charts....???

Before even showing a winning week, I'm actually short the USDCHF and NZDCHF (not a Scorpion pick but strong vs weak)

If he keeps moving the goalposts, they will keep playing and be none the wiser; wonder what his endgame will be??

Bedtime for me, see ya
It takes a lot for me to IGNORE you, but you can try.
  • #40
  • May 14, 2018 9:20am May 14, 2018 9:20am
Quoting Erebus
{quote} Trolling or looking for the truth, you decide all good buddy They think I'm banned on the Pivot thread, I'm not, I stopped posting because it conflicts with my mainly trend trading style, that's all People want to read so much into the simplest thing; yes, look at them now, he has introduced Line Break charts....??? Before even showing a winning week, I'm actually short the USDCHF and NZDCHF (not a Scorpion pick but strong vs weak) If he keeps moving the goalposts, they will keep playing and be none the wiser; wonder what his...
I cannot see the point in using a third party (ScorpionFX) of whom they know nothing about...

This goes for using myfxbook data without understanding what it actually consists of.
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