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

  • #561
  • May 27, 2018 7:20am May 27, 2018 7:20am
Quoting Impenia
{quote} Hi Neil, just noticed that the LONG volume on this pair is just over 1000, though I can see that the %Long is now over 80%. How flexible are you when considering volume for this strategy?
It depends on the currency strength. I noticed in the Asian session, I think it was Wednesday night (U.K time) that there was an awful lot of money flowing in to the JPY as it's a safe haven currency. It was probably because of The Trump & North Korea summit.

Sometimes I break my own rules of having ones under 5000 but the pair must be a contrarian selection still. Over 70% and just watch the strength of the two currencies and the money flow.
The most violent element in society is IGNORANCE
  • #562
  • May 27, 2018 8:37am May 27, 2018 8:37am
Quoting neilgroom
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...
Hi Neil

Thanks for the helpful insights of this Asian session. Just wondering though, if the Mega money flow to JPY(show in donforex indicator) was available before the Price action on GBPJPY chart?
  • #563
  • May 27, 2018 9:15am May 27, 2018 9:15am
AUDUSD: Wait in COT Analysis; myfxbook still Short Bias but total lot diminishing; set the ea disabled
Attached Image (click to enlarge)
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EURUSD: Medium Sell in COT Analysis; myfxbook still Short Bias but total Long lot diminishing; set the ea Short Only
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GBPUSD: Wait in COT Analysis; myfxbook still Short Bias but total lot diminishing; set the ea disabled
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NZDUSD: Strong sell in COT Analysis; myfxbook still Short Bias AND total long lot increasing; set the ea Short Only
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Click to Enlarge Name: NZDUSD.PNG Size: 171 KB


USDCAD: Medium Buy in COT Analysis; myfxbook still Long Bias AND total Short lot increasing; set the ea Long Only
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Click to Enlarge Name: USDCAD.PNG Size: 178 KB


USDCHF: Buy in COT Analysis; myfxbook still Long Bias but total Short lot diminishing; set the ea Long Only
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USDJPY: Wait in COT Analysis; myfxbook no Bias ; set the ea disabled.
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  • #564
  • May 27, 2018 10:02am May 27, 2018 10:02am
Quoting FundmntlTrde
I started doing Fundamental Analysis with my limited knowledge and came up with the following - a few hours before i came across this thread. {image} It matches to some extent (other than CAD) with the forecast given by ScorpionFx {image} I cannot thank you enough - Neil and other members for continuing to help / contribute on this thread.
Great work!
  • #565
  • May 27, 2018 2:45pm May 27, 2018 2:45pm
Hi guys,

Very nice thread here. I will begin testing the strategy this week and see how it plays out. Another source to check retail positions is https://fxssi.com/tools/current-ratio

It does not show all pairs, but at least the most liquid ones and gathers data from several retail brokers. Hope this is helpful.
  • #566
  • May 27, 2018 3:19pm May 27, 2018 3:19pm
Hi all

Quick update.... a few data on the screen. Just need write your email and password the first time you use the EA, after the first time Session ID will be save in a file and do not need to login anymore (no email, no session ID, leave it as it is).

The web request has been reduced to the maximum to avoid saturating the MyFxBook API.

Info about status of the DATA and last update.
Attached File(s)
File Type: ex4 MyFX v1.2.ex4   720 KB | 398 downloads
  • #567
  • May 27, 2018 3:21pm May 27, 2018 3:21pm
Quoting jasonckb
AUDUSD: Wait in COT Analysis; myfxbook still Short Bias but total lot diminishing; set the ea disabled {image} EURUSD: Medium Sell in COT Analysis; myfxbook still Short Bias but total Long lot diminishing; set the ea Short Only {image} GBPUSD: Wait in COT Analysis; myfxbook still Short Bias but total lot diminishing; set the ea disabled {image} NZDUSD: Strong sell in COT Analysis; myfxbook still Short Bias AND total long lot increasing; set the ea Short Only {image} USDCAD: Medium Buy in COT Analysis; myfxbook still Long Bias AND total Short lot...

Hello , where can i download the COT reports indicator? I'm searching stuff like this for a long time
  • #568
  • May 27, 2018 3:58pm May 27, 2018 3:58pm
Quoting MrGreen95
{quote} Hello , where can i download the COT reports indicator? I'm searching stuff like this for a long time
COT - indicator for MetaTrader 4
https://www.mql5.com/en/code/12688

http://www.darkmindfx.com/
We Provide Economic Data From Around The World
Free and good tutorial

Free Economic Indicators: COT, US data and more to come!
https://www.forexfactory.com/showthread.php?t=589519

Disclaimer : Not tested as I don't have time anymore.
The most violent element in society is IGNORANCE
  • #569
  • May 27, 2018 6:35pm May 27, 2018 6:35pm
Quoting MrGreen95
{quote} Hello , where can i download the COT reports indicator? I'm searching stuff like this for a long time
I found those indicators not work very well, sometimes to handy....you see a number and a line and then not analyse it deeply.... So i prefere use excel to track those numbers and have a better feel for it and also can assign some logic to calculate what the bias the number shows....
  • #570
  • May 27, 2018 7:09pm May 27, 2018 7:09pm
Quoting jasonckb
{quote} I found those indicators not work very well, sometimes to handy....you see a number and a line and then not analyse it deeply.... So i prefere use excel to track those numbers and have a better feel for it and also can assign some logic to calculate what the bias the number shows....
I agree with Jason. You must study them..

Here are very good COT Reports with Interactive Charts

Cot reports and futures data for all currencies

https://www.tradingster.com/cot
The most violent element in society is IGNORANCE
  • #571
  • May 27, 2018 7:42pm May 27, 2018 7:42pm
Quoting osjoe2
{quote} Great work!
Thank you, osjoe.
  • #572
  • May 28, 2018 1:15am May 28, 2018 1:15am
Anyone noticed the slowly changing sentiments on EURUSD? LONGS being cut whilts SHORTS being increased by the Retail herd. Not a significant amount, but something to pay attention to. Is it a coincidence that EU is ticking up in early trade today?
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Simplicity Is The Ultimate Sophistication!
  • #573
  • May 28, 2018 4:03am May 28, 2018 4:03am
The Eur is doomed.... A lot of money flowing out of it.. The JPY has a lot of money flow in.. Safe heaven again because of the trump - North Korea summit.

Considering London and New York markets shut today it's doing well.
The most violent element in society is IGNORANCE
  • #574
  • May 28, 2018 4:05am May 28, 2018 4:05am
Quoting jasonckb
AUDUSD: Wait in COT Analysis; myfxbook still Short Bias but total lot diminishing; set the ea disabled {image} EURUSD: Medium Sell in COT Analysis; myfxbook still Short Bias but total Long lot diminishing; set the ea Short Only {image} GBPUSD: Wait in COT Analysis; myfxbook still Short Bias but total lot diminishing; set the ea disabled {image} NZDUSD: Strong sell in COT Analysis; myfxbook still Short Bias AND total long lot increasing; set the ea Short Only {image} USDCAD: Medium Buy in COT Analysis; myfxbook still Long Bias AND total Short lot...
Simply magnificent.👍
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #575
  • May 28, 2018 4:13am May 28, 2018 4:13am
Quoting neilgroom
{quote} I agree with Jason. You must study them.. Here are very good COT Reports with Interactive Charts Cot reports and futures data for all currencies https://www.tradingster.com/cot

Hello Neil, thank you.

What is the difference between cot legacy and cot?
  • #576
  • May 28, 2018 4:31am May 28, 2018 4:31am
The Disaggregated COT report increases transparency from the legacy COT reports by separating traders into the following four categories of traders: Producer/Merchant/Processor/User; Swap Dealers; Managed Money; and Other Reportables. The legacy COT report separates reportable traders only into “commercial” and “non-commercial” categories.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EuroCOTReport2.png Size: 62 KB
The most violent element in society is IGNORANCE
  • #577
  • May 28, 2018 5:26am May 28, 2018 5:26am
Well I don't know why people are saying it would be a bad trading day today - damn good day with the sharks on holiday!!

Anyway for those who aren't doing much maybe you'll find this interesting: https://www.youtube.com/watch?reload=9&v=Z9DsGs3oU4c

I found it quite fascinating and absolutely spot on. He does a few videos on the subject and they are really good. Seeing as we're trying to trade with the banks (a general term) and not against them, it's good to know how these devils operate!

I looked for a situation to match and found an absolutely perfect example of it - GBPAUD on 24th May. Most small traders would not have a clue what was going on here (me included until yesterday!) unless one understands the process. Of course it's only one of their tricks but probably quite common
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  • #578
  • May 28, 2018 5:31am May 28, 2018 5:31am
Quoting jmtini
Well I don't know why people are saying it would be a bad trading day today - damn good day with the sharks on holiday!! Anyway for those who aren't doing much maybe you'll find this interesting: https://www.youtube.com/watch?reload=9&v=Z9DsGs3oU4c I found it quite fascinating and absolutely spot on. He does a few videos on the subject and they are really good. Seeing as we're trying to trade with the banks (a general term) and not against them, it's good to know how these devils operate! I looked for a situation to match and found an...
I'm shocked. I thought it would be slow with the sharks taking day off.. Mark Chapman has a few good video's but watch him cause he is a real SHARK.. Well a big bad wolf.

The British sun is hiding today so I stuck digging the garden.. Better then the traffic jams though :-)
The most violent element in society is IGNORANCE
  • #579
  • May 28, 2018 6:33am May 28, 2018 6:33am
Just woke up to +94 pips on EURJPY, it's Monday @ 7am

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  • #580
  • May 28, 2018 6:44am May 28, 2018 6:44am
Quoting osjoe2
Just woke up to +94 pips on EURJPY, it's Monday @ 7am {image}

Nice! Well going the other way, I had a nice surprise last night - had a buy order at 127.58 which I forgot to close on Friday and when the market opened I had a 62 pip win in a second - I was even more thankful then you I think!

But everything is going the contrarian way now after the brief liquidity hunt overnight
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