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Currency Strength with contrarian approach - Q&A

  • #81
  • May 18, 2018 9:45am May 18, 2018 9:45am
Quoting stimpy
{quote} Yep. Just makes a total mockery of NeilGroom, osjoe2 and bojack34 I love how they are coming across as in the know - they haven't got a scooby what they are doing, on anything. Incoherent, idiom driven, egomaniac metaphor drivel. FF is full of it atm - does anyone actually trade on this forum - a real account and consistently profit? 13k traders 'online' i bet its less than 12 people on FF are actually making money - consistently? Anyhoo - Here is what they are using so far.......... Currency meter RSI 200 MA Scorpion FX myfxbook a) "long...
I pretty much agree with everything, yet a hint of objectiveness would be just fair.
the current thread of "Currency Strength with contrarian approach" is an 11 days old thread in this shape.
cant really expect all the big words to be backed up by a real account from the followers.
as for the prophet, they never back up their words, mostly because cant, but that answer you wont read. there is so many excuse why not.

however:
"No one has posted evidence of trading a real live account - not one".
it is unfair to ask if you dont show some evidence that you know better what you talking about.
showing a real account that profit regularly would give you credit over the whole bunch of keyboard/screenshot warriors.
not showing just asking, places you right with the same bunch.
just saying, as i said i am pretty much in agreement with the rest of the post, especially the myfxbook volume, the 1%, etc.
there is always, always another trade!!
  • #82
  • May 18, 2018 10:30am May 18, 2018 10:30am
Quoting profitfarmer
{quote} I pretty much agree with everything, yet a hint of objectiveness would be just fair. the current thread of "Currency Strength with contrarian approach" is an 11 days old thread in this shape. cant really expect all the big words to be backed up by a real account from the followers. as for the prophet, they never back up their words, mostly because cant, but that answer you wont read. there is so many excuse why not. however: "No one has posted evidence of trading a real live account - not one". it is unfair to ask if you dont show some evidence...
My evidence has been posted few pages back, not that I am to be the one providing it. You can see it here https://www.forexfactory.com/showthr...8#post11058278

It is for the prophets to provide the evidence - I never proclaimed to have anything.

Before I got to asking for evidence of Neils account I was only asking for objective analysis of myfxbook and COT and that's when they turned on me which is mightily odd - it started to unravel quickly.

They are a very odd bunch and it carries through forex factory - there is not a lot of 'trading' going on but ego driven drivel being posted left and right with shysters and scammers through the middle sat on broker advertising. It is a very odd place.
  • #83
  • May 18, 2018 10:41am May 18, 2018 10:41am
here is today's upload so you can all see.

I don't use contrarian and no I am not sharing my method/system - ever.
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  • #84
  • Edited May 20, 2018 2:01am May 19, 2018 11:18pm | Edited May 20, 2018 2:01am
Quoting stimpy
{quote} They are a very odd bunch and it carries through forex factory - there is not a lot of 'trading' going on but ego driven drivel being posted left and right with shysters and scammers through the middle sat on broker advertising. It is a very odd place.
Oh, there will be trading this week, not sure of the strategy, but it's there for all to see; as you said, a very odd place

Let's review:

Filter #1 -

Look up the pairs ScorpionFX gave you as there top trades for the week. We follow them as if they say BUY we BUY and not SELL

Filter #2 -

@ myfxbook - We want THE OPPOSITE direction to what ScorpionFX says. You need a high percent and high volume. Anything above 5000 volume.

ScorpionFX has a Buy for USDCHF

myfxbook says 86% Short, 10,000+ lots

So surely that meets those 2 filters, if I'm not mistaken, anyone confirm?

The theory is that the retail traders, as by the myfxbook accounts, will be wrong, and the professional view, as by ScorpionFX, will be correct.

In fact, the more that retail traders are wrong, by the high percent and high volume, better the choice of traded pair!

Hence, the Contrarian aspect of the trade, go against the majority, you will be right.... at some point of course!

But now the maestro has spoken, he will do contrary to the contrarian view and join them!!!

Quotes:

NG: Just get ready for the big USD dumping. It's due. I'm going all in with 10 lots. Pending order will be set as soon as market opens.
I just really need the retail to start buying the Dollar and buying it big.

BJ: That worries me, since the contrarian strategy is showing only 2 pairs that qualify and they both are BUYING USD!

EDIT: USD/JPY...BUY.... and .....USD/CHF....BUY

NG: I'd see how the price action is on London open.. It's worrying me now as well as although I don't believe in the usual overbought/oversold but the USD is majorly overbought on every single currency pair. It's hitting major resistance on daily and weekly charts. There could a massive selloff. They need it lower.. It it falls a bit my theory will be that retail will buy it and keep on buying it and the big boys will then just dump it. The US economy is good though and it's done well under Trump but I think this rise will come to an end sooner rather then later.

BJ: So should we or shouldn't we follow the contrarian strategy on USD this week? If not, what are the rules for NOT following the strategy? Is it when a currency is OB or OS on every pair?...and when it's hitting major support/resistance on the Weekly Charts? I'm still keeping notes and trying to fill in the blank spots.

NG: My brain has gone sleep

I11: I feel like we're almost there, able to walk on our own...just a little more insight. The Gold/US relationship needs some clarification as well.

So, check the picture with this comment in mind " my theory will be that retail will buy it"

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Edit: some highlighting of the cracker comments
It takes a lot for me to IGNORE you, but you can try.
  • #85
  • May 20, 2018 3:32am May 20, 2018 3:32am
Quoting Erebus
{quote} Oh, there will be trading this week, not sure of the strategy, but it's there for all to see; as you said, a very odd place Let's review: Filter #1 - Look up the pairs ScorpionFX gave you as there top trades for the week. We follow them as if they say BUY we BUY and not SELL Filter #2 - @ myfxbook - We want THE OPPOSITE direction to what ScorpionFX says. You need a high percent and high volume. Anything above 5000 volume. ScorpionFX has a Buy for USDCHF myfxbook says 86% Short, 10,000+ lots So surely that meets those 2 filters, if...


This is hilarious........

"neilgroom You will one day... Just get ready for the big USD dumping. It's due. I'm going all in with 10 lots. Pending order will be set as soon as market opens.
I just really need the retail to start buying the Dollar and buying it big. "


" bojack34 That worries me, since the contrarian strategy is showing only 2 pairs that qualify and they both are BUYING USD!

EDIT: USD/JPY...BUY.... and .....USD/CHF....BUY"

"neilgroom I'd see how the price action is on London open.. It's worrying me now as well as although I don't believe in the usual overbought/oversold but the USD is majorly overbought on every single currency pair. It's hitting major resistance on daily and weekly charts. There could a massive selloff. They need it lower.. It it falls a bit my theory will be that retail will buy it and keep on buying it and the big boys will then just dump it. The US economy is good though and it's done well under Trump but I think this rise will come to an end sooner rather then later.
"


" neilgroom I find it hard to teach advanced stuff.. It just comes natural to me. Anyway going off topic a bit but wanted to warn all of nothing rises forever.

Edit: Myfxbook is perfect for this strategy. Nothing comes close to it. Sometimes it does go against the contrarian method. Pullbacks even large pullbacks, even trend changes but if you use the other methods with it like the RSI PERIOD 2 HLC3 or a PROPER currency strength indicator then you will win big but still loose a few (that's life) but now and again you will hit a home run like the recent NZDUSD and the USDCHF. "



I.e. Neilgroom hasn't got a fucking clue what the market is doing. The assertion above is that retail is driving the market. Retail is less than 2% of the market.

Further - reliance on third parties mean you have no idea what you or they are doing - now they don't line up with the utter shite NeilGroom is spouting - oh dear.


The picture he has shared saying "room with a view" - comes up on google. The thread is dodgy as fuck and NeilGroom even more so. I suggest its a windup.

Whoever NeilGroom is has been doing it for years - he was asked for evidence in 2016 and STILL nothing after 2 years. He is probably on day release when mashing the keys.
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  • #86
  • May 20, 2018 3:39am May 20, 2018 3:39am
This is the biggest laugh - "neilgroom but now and again you will hit a home run like the recent NZDUSD and the USDCHF."

They bought USDCHF at the top - no one has posted a live profit take. Can you see why?
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  • #87
  • May 20, 2018 4:35am May 20, 2018 4:35am
Are you that thick. The sentiment will change you dumb idiot. You really need to get a life. Norman Bates comes to mind. Can't you focus on anything in life but my posts. It's sad. Need a friend... NO. I have a beautiful wife and daughter and friends. How come no one else but you two low lives haven't knocked the thread. Just you and your girlfriend Stimpy and you wonder why people leave this forum. Anyway i'm off out with my beautiful family.

The strategy is in the first post. The rest is advice, info when people ask. If people can't learn from the first post then they won't get very far in forex.

It's just the same as horse racing.. You never see a poor bookmarker but only poor punters.. Same with forex

Prove your live account. I mean real proof. No false screenshots like last time.

Have a nice day and go get some fresh air. Your brain needs it.
Attached Image
The most violent element in society is IGNORANCE
  • #88
  • May 20, 2018 4:40am May 20, 2018 4:40am
Come on Neilgroom post a real live account - forexfactory has been waiting since you joined.
People have been waiting over 4 years to see a real account from you. We still haven't seen ANY evidence of a real account.

https://www.forexfactory.com/search....archid=4542783 - all these are demo accounts.


Can you not actually make money live Neil?
Do you not think its odd (if not sad) to keep posting like you do if you cannot make any money live?
The method you have posted simply didn't work last week, now it is in total disarray.

There are more people reading this thread than the original so what are you going to do to prove me wrong?
Threaten to leave again like you have for 4 years only to return?

I have been called a "Troll, Ignorant and mentally challenged" - for asking for objective analysis which never came and still hasn't - still waiting for your apology along with osjoe2, jmtini, bojack34, jacksonckb


No one is going to post their wonder method on this forum and act like Neilgroom
  • #89
  • May 20, 2018 4:43am May 20, 2018 4:43am
Quoting neilgroom
Are you that thick. The sentiment will change you dumb idiot. You really need to get a life. Norman Bates comes to mind. Can't you focus on anything in life but my posts. It's sad. Need a friend... NO. I have a beautiful wife and daughter and friends. How come no one else but you two low lives haven't knocked the thread. Just you and your girlfriend Stimpy and you wonder why people leave this forum. Anyway i'm off out with my beautiful family. The strategy is in the first post. The rest is advice, info when people ask. If people can't learn from...

Nice try Neil, being obnoxious with it, to the extent of windup - we are asking you for proof, so are the others over 4 years.
Who is posting false screenshots?

You have only ever posted demo accounts - https://www.forexfactory.com/search....archid=4542783

Its tough accepting you are a fraud isn't it - is everything else you say a lie too?

You are commenting on posts from 2016 and seem to be hurt by them 2 years later - why?


The reason people leave this forum is because of people like you - totally baseless, a fraud, a charlatan, lacking in moral fibre and gambling on a demo acount instead of learning to trade with objective analysis and proper system design and actually putting money on the line.

If you are a real person I am seriously concerned for your mental health.
  • #90
  • May 20, 2018 4:51am May 20, 2018 4:51am
Couldn't write the script... if you read his history he threatens to leave every thread he is in because the other thread members call him out.


"neilgroom I will follow up with the Gold etc but I am out of here until the Q&A thread is deleted or they get banned from this thread. I will answer all the PM'S later.

Have a nice day all."
  • #91
  • May 20, 2018 8:56am May 20, 2018 8:56am
"jmtini Who is bugging this poor guy??

For goodness sake, there are so many bitter and twisted individuals on these threads - it truly beggars belief! Have these morons got nothing better to do with their miserable lives? I can only think that when some people get hit hit with a nice fat loss or are losing money on a fairly constant basis then they tend to hit out at those that they perceive as being successful. Human nature at it's very worst I 'm afraid.

Don't leave us please Neil, most of us really appreciate your posts."


"morons, bitter and twisted" - for asking for objective analysis and evidence of real live trading results - No one is perceiving him as successful because he hasn't proved any success with his 'method'.

The trading results last week add to the overwhelming evidence that Neilgroom is a fraud. No one has proved otherwise.


The rudeness coming out of people on that thread who don't know what they are doing in respect of trading is frankly disgusting.


Again I have shown my results - not that I need to.
  • #92
  • May 20, 2018 8:58am May 20, 2018 8:58am
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Who are you to ask my thread to be deleted?

Feel free to ask your assistants to delete your thread and say goodbye to FF then.

I know you are too damn busy to start a thread by yourself; but not that busy in posting blabbering posts like the one above in the screenshot.

This thread will be used by the people who have questions/comments about your so called Holy Grail and will remain open because they are all blocked in posting the same in the thread started by your assistant.

Meanwhile, go and have some Brandy as you say always...jeez..I forgot, you dont drink at all...
newzTrader
  • #93
  • May 20, 2018 9:04am May 20, 2018 9:04am
Quoting newzTrader
{image} Who are you to ask my thread to be deleted? Feel free to ask your assistants to delete your thread and say goodbye to FF then. I know you are too damn busy to start a thread by yourself; but not that busy in posting blabbering posts like the one above in the screenshot. This thread will be used by the people who have questions/comments about your so called Holy Grail and will remain open.

Hear hear.

If anyone is interested in objectively analysing COT and myfxbook without rudeness from people who don't know how to trade, have never turned a profit live then I am interested.

We want real objective analysis and systems design instead of the pretenders, demo gamblers, shysters, scammers, multiple account/group, loons, scam funnels.
  • #94
  • May 20, 2018 2:11pm May 20, 2018 2:11pm
Quoting stimpy
"mrdfx I've noticed that only the major pairs tend to have higher volumes over over 5000, which makes sense as they are the most actively traded pairs for most retail traders. When it comes to minors and cross pairs the volume rarely goes above 2-3000, so using % of S vs L is more reliable, and also using your own analysis, and discretion to confirm a valid pair." proves my point that NeilGroom doesn't know what he is doing.... from the thread - "As in the example retail traders are LONG the AUD/USD....
Please untag my name and remove my comment from your post.

I am not involved in this argument between you guys, and I would appreciate no inclusions of reference of me of any kind in your posts.
Truth is like poetry. And most people f*cking hate poetry.
  • #95
  • May 20, 2018 3:03pm May 20, 2018 3:03pm
Quoting mrdfx
{quote} Please untag my name and remove my comment from your post. I am not involved in this argument between you guys, and I would appreciate no inclusions of reference of me of any kind in your posts.
No.

I can appreciate you may feel that way - you are not involved.

My reasons...

1) Because I quoted you on a public forum.
2) You pointed out that myfxbook "volume" can be anything and this is a relevant point to the validity of the original thread which a number of us on this forum are questioning - we have all been blocked - its past an argument.
  • #96
  • May 20, 2018 3:47pm May 20, 2018 3:47pm
Quoting stimpy
{quote} No. I can appreciate you may feel that way - you are not involved. My reasons... 1) Because I quoted you on a public forum. 2) You pointed out that myfxbook "volume" can be anything and this is a relevant point to the validity of the original thread which a number of us on this forum are questioning - we have all been blocked - its past an argument.
Yes I know its a public forum, but you linked my profile to your post without permission, and you quoted one of my posts to support your arguments with other certain members to which I am not involved.

I've asked you nicely to remove the tag on my name and remove the quote. Continue your arguments however you like but don't involve me.
Truth is like poetry. And most people f*cking hate poetry.
  • #97
  • Edited 4:46pm May 20, 2018 4:35pm | Edited 4:46pm
Quoting mrdfx
{quote} Yes I know its a public forum, but you linked my profile to your post without permission, and you quoted one of my posts to support your arguments with other certain members to which I am not involved. I've asked you nicely to remove the tag on my name and remove the quote. Continue your arguments however you like but don't involve me.
Trying to force me to remove a quote of what you said reused on the same website - which is the whole basis of a public internet forum is rather odd.

You said it and were credited for it.

You should expect anything you post to be fair game to be commented upon.
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  • #98
  • May 20, 2018 4:44pm May 20, 2018 4:44pm
Quoting mrdfx
{quote} Yes I know its a public forum, but you linked my profile to your post without permission, and you quoted one of my posts to support your arguments with other certain members to which I am not involved. I've asked you nicely to remove the tag on my name and remove the quote. Continue your arguments however you like but don't involve me.
very weird request.

you made a public comment in a forum that allows anyone to see and registered members to quote/discuss/comment. Now you request the members NOT to do that....OMG.
newzTrader
  • #99
  • May 20, 2018 4:47pm May 20, 2018 4:47pm
Quoting newzTrader
{quote} very weird request. you made a public comment in a forum that allows anyone to see and registered members to quote/discuss/comment. Now you don't want anyone to do that....OMG.

Maybe he can go and complain to Jack that someone retweeted him with a lol comment.
  • #100
  • May 20, 2018 4:58pm May 20, 2018 4:58pm
"Osjoe2 - Exactly, it's comical to watch them over there in that thread, they are so annoyed that people are actually getting the best results this place has ever seen.

Eh, more $$ for the rest of us !"



You aren't.


That's with using a third party as well. Impressive.
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