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Hi everyone first start look good
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Quoting Denondj87
Hi everyone first start look good
Yes it's how you become very rich my friend. Keep it up.
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The most violent element in society is IGNORANCE
  • Post #583
  • Quote
  • Edited 10:25am May 28, 2018 10:04am | Edited 10:25am
Quoting fxlearner981
{quote} 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?
Sorry I missed that post as only come here a couple of times a day now.. YES, it does. But you must put the Activity period set to 1 - The candle it is on (Who cares about the past) .. I use the daily candle.

As you see in an earlier post here I said the Euro was doomed. Money flowing out of it.. The JPY had money flowing in it. Check the time of the post and then go look at the hourly candle of the EURO V JPY - (Edit - I did below) I won't post here on how many pips I got or my lot size, but to answer your question Yes, it does

If you look now it's still flowing out of the euro but not as much.. The euro went to strength 1 and flow 100 and at the same time the JPY went to 100 strength and flow 100.
Meaning mega money flow between the Euro and the JPY.

If I had time I would post an hourly update but my time is limited at the minute.

GBP/JPY 400 points after this
CAD /JPY 254 points
Eur/JPY 793 points

That's all I had with the GBP/USD today

The more red = The more money flowing

From the good old days at university. Long time ago but this is what my economics teacher said about me.. I won't tell you what the others put :-)
Neil is an original thinker. Like the word says: Neil thinks using his head, not his mentors nor the society as a whole, he uses his own mind. But it's not always a blessing as with most original thinkers he lacks pragmatism. He doesn't evaluate his theories in terms of the success of their practical application.
His ideas might be impractical and he has lots of ideas but fails to materialize them.
I think I proved my Economics teacher wrong ;-)
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The most violent element in society is IGNORANCE
Quoting neilgroom
{quote} Sorry I missed that post as only come here a couple of times a day now.. YES, it does. But you must put the Activity period set to 1 - The candle it is on (Who cares about the past) .. I use the daily candle. As you see in an earlier post here I said the Euro was doomed. Money flowing out of it.. The JPY had money flowing in it. Check the time of the post and then go look at the hourly candle of the EURO V JPY - (Edit - I did below) I won't post here on how many pips I got or my lot size, but to answer your question Yes, it does If you look...
Well done! My goodness I do think that that money flow indi is really a must to invest in. Really useful
Quoting jmtini
{quote} Well done! My goodness I do think that that money flow indi is really a must to invest in. Really useful
It really takes your time up though. I'm about ready to retire.. Probably will after the summer.. In the end it kills you, well your eyes.
I just want to drive around the U.K and Scotland and just enjoy the peace lol
The most violent element in society is IGNORANCE
Quoting neilgroom
{quote} Sorry I missed that post as only come here a couple of times a day now.. YES, it does. But you must put the Activity period set to 1 - The candle it is on (Who cares about the past) .. I use the daily candle. As you see in an earlier post here I said the Euro was doomed. Money flowing out of it.. The JPY had money flowing in it. Check the time of the post and then go look at the hourly candle of the EURO V JPY - (Edit - I did below) I won't post here on how many pips I got or my lot size, but to answer your question Yes, it does If you look...
Hi thank you so much for everything, can you share with us the don forex indicator or is it impossibile?
Quoting Denondj87
{quote} Hi thank you so much for everything, can you share with us the don forex indicator or is it impossibile?
It's impossible to share. I respect the programmer and he is a very nice person. Take a look at his free stuff and see how good a programmer he is.
The indicator costs $65 per year... I also got a PM the other day to say his Trend scanner is very good but I haven't tried that yet. I might do next week.

I love researching things. It's my passion. 99.9% go into the recycle bin and some costs a lot of money but so far his skills have me hooked especially using it with the contrarian method.

I have no involvement or financial gain in this link
donforex.com
The most violent element in society is IGNORANCE
Quoting MrPorridge
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. {file}
Thanks for your great work.
New tweet from scorpionfx
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Quoting Denondj87
New tweet from scorpionfx {image}
These are great when in line with the contrarian method. Just open them with small lots and leave them running.
The most violent element in society is IGNORANCE
I know this is off topic to the contrarian method but I got a PM saying it doesn't work as I say it does and one trade he took today went the other way so it's crap. I live in India and don't have much luck or money. You're just a rich person anyway and said money is the route of all evil.. (Had to translate it a bit)

It annoyed me.. Here is my response. I'm posting it here as the info at the bottom can help anyone succeed.

Reply:

Have you even tried the method on a demo account for more then one week and not just on one pair that did go your way in the end.. A big trade that ended in your favor. I opened that trade today as well that went in drawdown too at first and then it came back and went my way. I had FAITH it would because of the method. If I had closed that trade by looking at it in a negative way I wouldn't be where I am today - That one trade you closed after ten minutes for a loss was my biggest trade of the day.

I HATE RICH PEOPLE. Hate is a strong word but can't think off another way of putting it across.

François-Marie Arouet, known by his pen name Voltaire, is considered one of France’s greatest writers from the Age of Enlightenment period.
As I say... I hate rich people. I don't live near them. I live in a middle class neighborhood. Every day normal people. In an every day normal house and an every day normal car.. Why? Because I love it that way. My family loves it that way. I'm not a big materialistic person.

All I wanted in life is to IMPROVE MYSELF.

Two of his famous quotes I love... Voltaire
"The longer we dwell on our misfortunes, the greater is their power to harm us."
"Don’t think money does everything or you are going to end up doing everything for money."
(Money is not the route to all evil - Bit GREED is)

It doesn't matter who you are, where you live.... YOU, can succeed at anything you put your mind to.
Some of the greatest people in history had bad childhoods and hearthbreaking stories.
Michael J Fox - Beyonce - Eminem - Ed Sheeran - Even Bill Gates.
Chris Pratt from a Coupon salesman to Marvel's leading man.
You have to believe. Anything or I will say EVERYTHING is possible if you believe it is possible.
----
Why the markets has slowed down read these.... and start believeing in your self and that any thing is possible.

Read this book.. Download it - It's free.

The power of awareness by Neville Goddard
https://www.law-of-attraction-haven.com/support-files/the-power-of-awareness-neville-goddard.pdf

The book in audio on youtube;
https://www.youtube.com/watch?v=sOMOgaZtyG4

All the best

Neil

I want to leave this thread now and just retire but want to come back in twelve months time and find this thread FULL of success stories.

Now have a read of the pdf above and if you have ever heard of the law of attraction - This is ten times better.
The most violent element in society is IGNORANCE
Neil, can I just ask which broker do you use?
Anything above the line is an uptrend, below the line is a downtrend.
The concept is valid to a good degree. Many brokers follow the same.
I was even studying to automate such a method.
One challenge was to collect as many retail data as possible. The more sources, the more signal accuracy. OANDA. Myfxbook, FF, FXCM ... etc.
The other challenge was the Timing, the time when retail switch from net long to net short and vice versa.
Incorporating COT data in the study would also add to the method.
No guts, no glory
Quoting abokwaik
The concept is valid to a good degree. Many brokers follow the same. I was even studying to automate such a method. One challenge was to collect as many retail data as possible. The more sources, the more signal accuracy. OANDA. Myfxbook, FF, FXCM ... etc. The other challenge was the Timing, the time when retail switch from net long to net short and vice versa. Incorporating COT data in the study would also add to the method.
Timing wise, what I observed......Trend is drove by big boy/ large speculator and not by retail....But why contrarian works???? It is because it help us to observe the timing for the attack of big boy (they decide to reverse the existing trend). But how??? Always a big rebound counter the existing trend first then hold for several day to accumulate more and this lure the original wrong retail to square their long holding losing positions at a lesser loss and then think they can jump into the original trend (wrong already as big boy reverse and accumulate) to gain back loss and market great leap again in counter-retail direction and form a new trend. In order to minimize loss again, retail a average their positions by "buy low at support" and "selling high at resistance" ...And then you see the number skew to one direction (myfxbook, FXCM, etc) ...So direction change always include large candle consecutively for say 4-10 big candle in H4/D1.....
Quoting neilgroom
{quote} Sorry I missed that post as only come here a couple of times a day now.. YES, it does. But you must put the Activity period set to 1 - The candle it is on (Who cares about the past) .. I use the daily candle. As you see in an earlier post here I said the Euro was doomed. Money flowing out of it.. The JPY had money flowing in it. Check the time of the post and then go look at the hourly candle of the EURO V JPY - (Edit - I did below) I won't post here on how many pips I got or my lot size, but to answer your question Yes, it does If you look...
Hi Neil. Thanks for the detailed explanation; got my answer. Keep up the awesome work!
Quoting Denondj87
New tweet from scorpionfx {image}
Wow seeing is believing - a 1000 pip move back up to 1.2600!

I would advise caution - only open a buy trade if/when confirmation on 4hr/daily chart that counter trend is in place


EDIT
Well it's broken through so that is the end of that little idea!
I follow this strategy.. thanks
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Quoting neilgroom
{quote} Sorry I missed that post as only come here a couple of times a day now.. YES, it does. But you must put the Activity period set to 1 - The candle it is on (Who cares about the past) .. I use the daily candle. As you see in an earlier post here I said the Euro was doomed. Money flowing out of it.. The JPY had money flowing in it. Check the time of the post and then go look at the hourly candle of the EURO V JPY - (Edit - I did below) I won't post here on how many pips I got or my lot size, but to answer your question Yes, it does If you look...
Thanks, Neil. I bought both the indicators ( CurrencyActivity and PerfectZones ) from DonForex and just tried them out...they are very helpful. Especially EUR being extremely weak fundamentally, it helps to identify when the downward move continues and the S/R zones far away.

We can see the move as it is happenning...

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GU is going fairly well.
Neil, only one thing i didn't understand:

For how many time you hold the trades?

A good idea could be closing half position, and taking other half at BE and let it run...
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