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

  • #781
  • Edited 3:57am Jun 14, 2018 2:52am | Edited 3:57am
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Hi everybody,

From MyFXbook the retailers are long 73% on AUDJPY but despite the volume much lower 5000 it went down however (see attached). I wanna ask you, so does the volume 5000 on myfxbook gives stronger push to the swing?
  • #782
  • Jun 14, 2018 11:20am Jun 14, 2018 11:20am
It’s so nice to realize that your trades are in profit in the end of the week) this week I took usdchf buy and gbpusd sell) on a real my accounts)
"Anything can happen" - Mark Douglas.
  • #783
  • Jun 14, 2018 11:30am Jun 14, 2018 11:30am
Quoting Marco0978
{image} Hi everybody, From MyFXbook the retailers are long 73% on AUDJPY but despite the volume much lower 5000 it went down however (see attached). I wanna ask you, so does the volume 5000 on myfxbook gives stronger push to the swing?
I think if you are looking at majors the volume shoul be higher than 5000. Eg. Eur/usd should be at least 15000
If you are looking at minor crosses than the difference between buyers and sellers should be at least 3 to 1.
So if buyers are at 70% and their volume is 3000 than sellers volume should be 1000. And vice versa.
  • #784
  • Jun 14, 2018 11:43am Jun 14, 2018 11:43am
Quoting Zhekabas
It’s so nice to realize that your trades are in profit in the end of the week) this week I took usdchf buy and gbpusd sell) on a real my accounts)
What were the rules for entry on those trades?
  • #785
  • Jun 14, 2018 6:49pm Jun 14, 2018 6:49pm
Quoting neilsdigest
{quote} The market is still resetting itself.. Keep an eye on the myfxbook data more then Scorpionfx... That is the main rule. It's getting close.. Worth the wait. You don't want to be in trades all the time. That's how retail traders lose.
Sure,i see the market my trade get Max 20 30 or pips or mess, i have a small account haha,so i use this strategy look the myfxbook go in d1 look the RSI after but i go in Lower tf like 30 or 15 minute and open position following the trend ! When i Will to have much money to invest i'll work in d1 tf,can you give me some helps about a small account ? I have deposit 250 eur! Thanks in Advance
  • #786
  • Jun 15, 2018 12:56am Jun 15, 2018 12:56am
Quoting bojack34
{quote} What were the rules for entry on those trades?
Hello, I entered the trades when rsi2hls3 cross/pass 70/30 level on D1 and I did it on my five real accounts and one competition account)) Just using info from first posts. Now I am thinking to hold or not to hold trades.
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"Anything can happen" - Mark Douglas.
  • #787
  • Jun 17, 2018 3:26pm Jun 17, 2018 3:26pm
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  • #788
  • Jun 17, 2018 6:43pm Jun 17, 2018 6:43pm
So based on SFX, applying the contrarian approach, and my own analysis I've entered the following trades;

AUDUSD - SELL
USDCAD - BUY
AUDJPY - SELL
CADJPY - SELL

All trades can be followed in my linked TE.

Have a green pips week guys!
Truth is like poetry. And most people f*cking hate poetry.
  • #789
  • Jun 17, 2018 7:07pm Jun 17, 2018 7:07pm
Quoting mrdfx
So based on SFX, applying the contrarian approach, and my own analysis I've entered the following trades; AUDUSD - SELL USDCAD - BUY AUDJPY - SELL CADJPY - SELL All trades can be followed in my linked TE. Have a green pips week guys!
May I ask what's your own analysis behind the trades taken ? And do you know why is there no COT mentioned in myfxbook app for AU, NU & some of other majors ?

Thanks
Be the change that you want to change
  • #790
  • Jun 17, 2018 7:45pm Jun 17, 2018 7:45pm
Quoting Zhekabas
{quote} Hello, I entered the trades when rsi2hls3 cross/pass 70/30 level on D1 and I did it on my five real accounts and one competition account)) Just using info from first posts. Now I am thinking to hold or not to hold trades. {image} {image}
Your showing rsi crosses on H4 though. I don’t recall there being any pairs that met all criteria last week....until Friday maybe
  • #791
  • Jun 17, 2018 8:39pm Jun 17, 2018 8:39pm
Quoting mrdfx
So based on SFX, applying the contrarian approach, and my own analysis I've entered the following trades; AUDUSD - SELL USDCAD - BUY AUDJPY - SELL CADJPY - SELL All trades can be followed in my linked TE. Have a green pips week guys!
Attached Image (click to enlarge)
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Trade Well.
  • #792
  • Jun 18, 2018 6:50am Jun 18, 2018 6:50am
Quoting bojack34
{quote} Your showing rsi crosses on H4 though. I don’t recall there being any pairs that met all criteria last week....until Friday maybe
Blue line is rsi2hls3 on h4 and red line is rsi2hls3 on D1, So yes, last week I entered little bit early, before it breakes 70/30 level on D1. It was a luck) I closed those trades today at night because scorpionfx moved currency strange of GBP and CHF almost to green zone. Don't have big enough balls to hold trades according to the rules of rsi2hls3 on D1 when I am on a real account. Will see if that was a right decision. This week I opened Audusd, Nzdusd and CadJpy.
Attached Image (click to enlarge)
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"Anything can happen" - Mark Douglas.
  • #793
  • Jun 18, 2018 7:19am Jun 18, 2018 7:19am
Quoting mubinirl
{quote} May I ask what's your own analysis behind the trades taken ? And do you know why is there no COT mentioned in myfxbook app for AU, NU & some of other majors ? Thanks
I check overall individual currency strength, pivots, and a long and short term analysis of the overall trend. If things look good I confirm entry and go.

Not sure about MFXB as its working fine for me.
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Truth is like poetry. And most people f*cking hate poetry.
  • #794
  • Jun 18, 2018 7:22am Jun 18, 2018 7:22am
Quoting krismitt
{quote} {image} Trade Well.
Remember the over 5000 volume refers to major pairs as suggested by Neilsgroom, when it comes to the minors and crosses, it works a bit differently as there is less volume traded on them.

I normally will look at the % of buyers and sellers, and make sure that there is a good ratio between them. I think Neilsgroom also said that for the minor/crosses it should be at least a 3:1 ratio.
Truth is like poetry. And most people f*cking hate poetry.
  • #795
  • Jun 18, 2018 8:11am Jun 18, 2018 8:11am
Quoting Zhekabas
{quote} Blue line is rsi2hls3 on h4 and red line is rsi2hls3 on D1, So yes, last week I entered little bit early, before it breakes 70/30 level on D1. It was a luck) I closed those trades today at night because scorpionfx moved currency strange of GBP and CHF almost to green zone. Don't have big enough balls to hold trades according to the rules of rsi2hls3 on D1 when I am on a real account. Will see if that was a right decision. This week I opened Audusd, Nzdusd and CadJpy. {image}
can you please share your MTF RSI indicator you use. txs!
  • #796
  • Jun 18, 2018 8:26am Jun 18, 2018 8:26am
Quoting bojack34
{quote} can you please share your MTF RSI indicator you use. txs!
Look here:
https://www.forexfactory.com/showthread.php?p=11110801#post11110801
  • #797
  • Jun 18, 2018 9:56am Jun 18, 2018 9:56am
Quoting AlexDu
{quote} Look here: https://www.forexfactory.com/showthread.php?p=11110801#post11110801
Thanks. I have that one already and I thought that that might be the one he was using but I cannot get 2 different TF's to show up on the same RSI like he is showing, so I thought it might be a different indicator. How do you get two different TF's to show up?
  • #798
  • Jun 18, 2018 10:31am Jun 18, 2018 10:31am
Quoting bojack34
{quote} Thanks. I have that one already and I thought that that might be the one he was using but I cannot get 2 different TF's to show up on the same RSI like he is showing, so I thought it might be a different indicator. How do you get two different TF's to show up?
Put the indicator on chart, then drag and drop the second indicator on the first one.
HTH.
  • #799
  • Jun 18, 2018 10:44am Jun 18, 2018 10:44am
Quoting mrdfx
So based on SFX, applying the contrarian approach, and my own analysis I've entered the following trades; AUDUSD - SELL USDCAD - BUY AUDJPY - SELL CADJPY - SELL All trades can be followed in my linked TE. Have a green pips week guys!
All trades running in good profit so far.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-06-18 at 12.43.48.png Size: 55 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #800
  • Jun 18, 2018 1:36pm Jun 18, 2018 1:36pm
Quoting mrdfx
{quote} Remember the over 5000 volume refers to major pairs as suggested by Neilsgroom, when it comes to the minors and crosses, it works a bit differently as there is less volume traded on them. I normally will look at the % of buyers and sellers, and make sure that there is a good ratio between them. I think Neilsgroom also said that for the minor/crosses it should be at least a 3:1 ratio.

Sweet!.
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