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

  • #481
  • May 22, 2018 2:42pm May 22, 2018 2:42pm
Dear oh dear, one can always count on FF for lots of drama. Who needs Coronation Street or Emmerdale!

Anyway, this is all fascinating stuff regarding money flow. What I watch for on an intraday basis is a strong move, usually at the start or end of a trading session which is obviously a liquidity hunt by the banks/institutions - SL's are taken out and buy/sell stops are triggered only for the price to shoot back up/down again. Or of course it could be to give some unknown big players a better price if there are no buyers/sellers at the present level. We nice examples today. For instance - EURJPY (start of European session) and EURCAD (start of NY session)
  • #482
  • Edited 3:06pm May 22, 2018 2:44pm | Edited 3:06pm
Hi Chaps!

Very sad to read that Neilgroom, hope you change your mind.

MyFxBook wrote to me today saying that they have had problems with the API, as you mentioned here.
So I have made the basic modifications and here you have the new update. If you know your ID, write it, if not, put the email and password.
It is a simple tool, but observing it with attention you can get much more than it seems. Look at the behavior of EURUSD USDCAD, for example.
I do not have much time lately, but every time I can, I'll get more things into it, until it becomes a more decent tool.
By the way, if you see that it gives you an error of "stack overflow" is because you have not downloaded the data correctly, I have not had time to program the management of errors. Surely if you try again it will works.
Try not to put the refresh very continued, because if you have many pairs and refresh every minute, you will make many API accesses and end up failing.
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  • #483
  • May 22, 2018 3:05pm May 22, 2018 3:05pm
I wish you the best Neil. Thanks for sharing yourself with us. I'm sure your family will be better for it.
  • #484
  • May 22, 2018 3:15pm May 22, 2018 3:15pm
Quoting jmtini
Dear oh dear, one can always count on FF for lots of drama. Who needs Coronation Street or Emmerdale! Anyway, this is all fascinating stuff regarding money flow. What I watch for on an intraday basis is a strong move, usually at the start or end of a trading session which is obviously a liquidity hunt by the banks/institutions - SL's are taken out and buy/sell stops are triggered only for the price to shoot back up/down again. Or of course it could be to give some unknown big players a better price if there are no buyers/sellers at the present level....
Emmerdale is good. Don't think Americans will know what that is.

When you get a total phycho sending you messages even though he is suspended you will understand why I am leaving. I like being here helping where I can.

Thanks Hanover.. Always followed his posts. Awesome stuff

Here is the link to the Indicator I am testing.. If you need verification I am not involved in it, email the owner or ask him to post here.

As it's a commercial thread after all.

https://donforex.com/currencyactivity.php - My testing settings are Daily timeframe and Activity period 1

Now until the psycho is totally banned I'm off out of here.
The most violent element in society is IGNORANCE
  • #485
  • May 22, 2018 3:46pm May 22, 2018 3:46pm
Quoting neilgroom
{quote} until the psycho is totally banned I'm off out of here.
That's an understatement, can't believe I've wasted my time arguing with him.
  • #486
  • Edited 7:04pm May 22, 2018 6:53pm | Edited 7:04pm
Quoting osjoe2
{quote} That's an understatement, can't believe I've wasted my time arguing with him.
Membership Revoked - Thank you Forex Factory. Now we can all get back to learning. Sorry for all reading this thread as it got very off topic at times.
Lets please all keep it on topic now. The contrarian method and any other pieces of advice/ideas to improve and build on it.
Anything you have learnt. Want to improve on. There are some awesome people here who can help. I WILL BE HERE when I can.

Newcomers to the thread please read the first post by Osjoe2 a few times to get a feeling of the method.
The most violent element in society is IGNORANCE
  • #487
  • May 22, 2018 6:57pm May 22, 2018 6:57pm
[quote=neilgroom;11087538]{quote}

Great result. No one should have to go through that crap.
Keep posting Neil.
  • #488
  • May 22, 2018 7:20pm May 22, 2018 7:20pm
Quoting neilgroom
{quote} Membership Revoked
Good riddance.

But I have a feeling he will be back under a new username soon enough.

He gets a kick out of being a keyboard warrior..
Truth is like poetry. And most people f*cking hate poetry.
  • #489
  • May 22, 2018 7:30pm May 22, 2018 7:30pm
Quoting mrdfx
{quote} Good riddance. But I have a feeling he will be back under a new username soon enough. He gets a kick out of being a keyboard warrior..
You are probably right but if that is the case osjoe2 should be quick on the draw to remove people from the thread. That will keep the thread on track.
  • #490
  • May 22, 2018 7:32pm May 22, 2018 7:32pm
Quoting bojack34
{quote} You are probably right but if that is the case osjoe2 should be quick on the draw to remove people from the thread. That will keep the thread on track.
I shall do my best.
  • #491
  • Edited 9:59pm May 22, 2018 7:44pm | Edited 9:59pm
But what we should all remember is that myself and OSJoe trade live.. When you're doing that you can't be somewhere else. It's hard. I do it sometimes and miss trade setups.

One thing I should of asked Osjoe to post in the the first post is NEVER open trades in the Asian session. No liquid or money flow. There is sometimes but it's rare.
If there is it will either be the NZD - JPY or AUD. So if you do trade the Asian session keep on eye on those but the spread will be a lot higher.

Edit: The Dollar will be back in business today - Up we go ;-) Well the Americas will be. USD - CAD
Don't ban me if I'm wrong ;-)

Edit again Mega JPY money flow in Asian session. High strength - High money flow.

I'll have to stop posting I miss things ;-)

Edit. Sorry deleted last message as hit delete instead of edit.. 3am and was watching the JPY at the same time.

Update on the JPY.. NZD/JPY - It really went for it and still is. OK leave that on a nice stop loss. It's 4am...
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The most violent element in society is IGNORANCE
  • #492
  • May 22, 2018 9:56pm May 22, 2018 9:56pm
Quoting MrPorridge
Hi Chaps! Very sad to read that Neilgroom, hope you change your mind. MyFxBook wrote to me today saying that they have had problems with the API, as you mentioned here. So I have made the basic modifications and here you have the new update. If you know your ID, write it, if not, put the email and password. It is a simple tool, but observing it with attention you can get much more than it seems. Look at the behavior of EURUSD USDCAD, for example. I do not have much time lately, but every time I can, I'll get more things into it, until it becomes...
Still remove itself....
  • #493
  • May 22, 2018 10:21pm May 22, 2018 10:21pm
Quoting neilgroom
But what we should all remember is that myself and OSJoe trade live.. {image} {image}
I also trade this strategy live although I do have other strategies that I use on my account, but this one has been pretty good so far.
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Truth is like poetry. And most people f*cking hate poetry.
  • #494
  • May 23, 2018 1:37am May 23, 2018 1:37am
Quoting jasonckb
{quote} Still remove itself....
Suddenly OK.....
  • #495
  • May 23, 2018 4:32am May 23, 2018 4:32am
Quoting jasonckb
{quote} Long USDCHF at 0.9965; SL @ 0.9915; TP @ 1.025 {image}
Finally stopped out. Luckily it is not a bad day Done for today.
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  • #496
  • May 23, 2018 5:42am May 23, 2018 5:42am
This one is a strange cookie.. The sentiment is changing so slowly. It will return to its mean price over time around 0.96300. It's minus 100% Absolute Correlated to the CHF/NZD. This is why you just don't take every contrarian signal blindly. See the RSI 2 HLC3 on the daily candle chart. Its been low all week. Signalling a sell and not a buy. But don't go against the contrarian trend which is still up. Even though I did.. I broke my own rules. It will return to the 0.96300 area over the next few months.
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The most violent element in society is IGNORANCE
  • #497
  • May 23, 2018 5:42am May 23, 2018 5:42am
Quoting jasonckb
{quote} Finally stopped out. Luckily it is not a bad day Done for today. {image}
Bad luck on that one but well done on the others. But how do you like this for monumental bad luck: I just knew that the yen pairs were going to tumble so I set a pending sell order at 148.80 just before I went to sleep. Woke up two hours later and like a total idiot I had second thoughts. So I closed the trade. Only 10 minutes later it dropped like a stone. Now that IS unbelieveable bad luck don't you think - lost out on 200 pips!!
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  • #498
  • May 23, 2018 5:46am May 23, 2018 5:46am
Quoting jmtini
{quote} Bad luck on that one but well done on the others. But how do you like this for monumental bad luck: I just knew that the yen pairs were going to tumble so I set a pending sell order at 148.80 just before I went to sleep. Woke up two hours later and like a total idiot I had second thoughts. So I closed the trade. Only 10 minutes later it dropped like a stone. Now that IS unbelieveable bad luck don't you think - lost out on 200 pips!! {image}
Just trust your instincts sometimes. Have a tighter stop loss if unsure. It was an awesome move. I stayed up till 5am local time just to watch it free fall ;-)
The most violent element in society is IGNORANCE
  • #499
  • May 23, 2018 5:52am May 23, 2018 5:52am
Quoting jmtini
{quote} Bad luck on that one but well done on the others. But how do you like this for monumental bad luck: I just knew that the yen pairs were going to tumble so I set a pending sell order at 148.80 just before I went to sleep. Woke up two hours later and like a total idiot I had second thoughts. So I closed the trade. Only 10 minutes later it dropped like a stone. Now that IS unbelieveable bad luck don't you think - lost out on 200 pips!! {image}
I short USDJPY at 110.937 and took it at 110.049

Why I short USDJPY because:
1) The COT report last week shown it "should be" a strong sell according to my judgement
2). Though it is not in line from what contrarian trade suggest, but
3). Asian stock markets in the morning session slumped and DOW slump last night
4) Data for Japan not good
5) PSA by Hanover shown JPY is very strong at the moment.

So I short USDJPY and placed a SL around 40 pips away and a TP not at the round number.
  • #500
  • May 23, 2018 7:45am May 23, 2018 7:45am
Current heat map.. I hope you where all on the JPY last night/this morning. Hitting major resistance now.
Funny how I said don't trade in the Asian session and the JPY takes off into orbit. My spread on the NZD/JPY was very low considering.
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The most violent element in society is IGNORANCE
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