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

  • #841
  • Jun 21, 2018 4:40pm Jun 21, 2018 4:40pm
I took this trade on my live nano account.
The daily rsi2hlc3 had crossed below 30
And this is second bearish candle on the linebreak chart of tradingview.
I wish i can get alert when linebreak candle changes color and rsi2hlc3 touches 30 or 70.

On the pic you can see rsi2hlc3 on 4hr is above 70 and the candle looks bearish.
My sl is above latest high, i will check every 4hr, when rsi crosses 30 and i sense bullish price action i will getout.
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  • #842
  • Jun 21, 2018 9:15pm Jun 21, 2018 9:15pm
Quoting hibra68
{quote} give me the link to tv demo account plz. this could have something to do with my browser.
I'm simply going to https://www.tradingview.com/
This is what the welcome/home page looks like. There you can create a Free account. I primarily use Chrome, but I've used Firefox as well w/o any problems.
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  • #843
  • Jun 21, 2018 9:22pm Jun 21, 2018 9:22pm
Quoting lctrader11
{quote} I'm simply going to https://www.tradingview.com/ This is what the welcome/home page looks like. There you can create a Free account. I primarily use Chrome, but I've used Firefox as well w/o any problems. {image}
Didnt have to create an account.
  • #844
  • Jun 26, 2018 6:04am Jun 26, 2018 6:04am
Hello) Where is everybody? This week trades: eurcad buy, cadjpy sell, nzdjpy sell, eurnzd buy.
Good luck to everyone!
"Anything can happen" - Mark Douglas.
  • #845
  • Jun 26, 2018 5:05pm Jun 26, 2018 5:05pm
Looking at sellers whom seem to be back at it for aud/usd & gbp/usd for daily. I am in the final testing phases of trading this kind of dynamic during the London and early part of the US session, trading pairs in conjunction with S/R and scalping anywhere from 10 - 20 pips at a time.
  • #846
  • Jun 27, 2018 5:57pm Jun 27, 2018 5:57pm
Quoting XxixixX
Looking at sellers whom seem to be back at it for aud/usd & gbp/usd for daily. I am in the final testing phases of trading this kind of dynamic during the London and early part of the US session, trading pairs in conjunction with S/R and scalping anywhere from 10 - 20 pips at a time.
Not a bad day for those pairs along with the usd/cad as a long. Up +170 pips for the day. This strategy seems to be working well, many thanks for shedding light in this aspect of trading.
  • #847
  • Jun 28, 2018 11:53am Jun 28, 2018 11:53am
I have to say Scorpionfx targeted only some pairs: nzdjpy, eurnzd this week..CAD has been not the weakest but it became the strongest. So be careful to trade like them sometimes, even if most of time they are right.
  • #848
  • Jun 28, 2018 12:39pm Jun 28, 2018 12:39pm
Quoting Marco0978
I have to say Scorpionfx targeted only some pairs: nzdjpy, eurnzd this week..CAD has been not the weakest but it became the strongest. So be careful to trade like them sometimes, even if most of time they are right.
I took all scorpions positions this week regardless of my fxbook. Because last week their positions booked over 1000 pips.
So far im up over 10% with 50:1 leverage, i divided the total positions into 9 signals they had this week.
I will close everything sometime after ny open tomorrow, if it goes to about 20% before ny open i will close than.
And do the samething next week again, see what happens.
  • #849
  • Jun 29, 2018 7:00am Jun 29, 2018 7:00am
Quoting hibra68
{quote} I took all scorpions positions this week regardless of my fxbook. Because last week their positions booked over 1000 pips. So far im up over 10% with 50:1 leverage, i divided the total positions into 9 signals they had this week. I will close everything sometime after ny open tomorrow, if it goes to about 20% before ny open i will close than. And do the samething next week again, see what happens.
woowww. that's so good. Effectively scorpionfx targeted almost all what they posted, but this time the CAD surprised a lil bit because the CAD was the weakest for them. So far the last 2 week their positions were really good
  • #850
  • Jul 1, 2018 1:44am Jul 1, 2018 1:44am
Spent many hours reading this whole thread, some serious nuggets dropped! @neilsdigest (https://www.forexfactory.com/neilsdigest) you have a serious wealth of knowledge and other contributors to the thread. I love the simplicity of this trading approach and the ease of trading it on daily charts, so end of day trading which is easier on me here in the UK along with my full time job.

That info on Gold 1% up and 1% down next day, i back tested that, WOW that's powerful!! Serious pips!!

I will be testing this approach, will update all on my progress!

Thank you all!

Leweg1
  • #851
  • Jul 1, 2018 12:12pm Jul 1, 2018 12:12pm
Quoting leweg1
Spent many hours reading this whole thread, some serious nuggets dropped! @neilsdigest (https://www.forexfactory.com/neilsdigest) you have a serious wealth of knowledge and other contributors to the thread. I love the simplicity of this trading approach and the ease of trading it on daily charts, so end of day trading which is easier on me here in the UK along with my full time job. That info on Gold 1% up and 1% down next day, i back tested that, WOW that's powerful!! Serious pips!! I will be testing this approach, will update all on...
Agreed, thanks for the nuggets neil, I'm glad to be going through the thread myself now and being curious enough to have taken a look in the first place!
  • #852
  • Jul 1, 2018 1:08pm Jul 1, 2018 1:08pm
Quoting venividivici
{quote} Agreed, thanks for the nuggets neil, I'm glad to be going through the thread myself now and being curious enough to have taken a look in the first place!
Thanks @venividivici. I have retired now from trading and living a life.. You asked me though to turn my PM'S on.. I have very good reasons to have them turned off.. If you need to ask anything please ask here as I still visit once a day when I get time.

Neil
The most violent element in society is IGNORANCE
  • #853
  • Jul 1, 2018 4:38pm Jul 1, 2018 4:38pm
Hi neil !

Regarding the situation at the beginning of last week the CAD changed and got stronger in the middle of the week.
So Scorpions recommendation to buy EUR/CAD for example changed on wednesday, despite the
sentiment at myfxbook.
Does this happen because its a minor currency pair ?
What is your opinion on this change of sentiment ?
Thanks in advance
  • #854
  • Jul 2, 2018 3:30am Jul 2, 2018 3:30am
Hi Neil

I wanna ask you about the currency strenght by donforex you tested lately. is still good as indicator for you? is it still working well and worth it?

thank you in advance
  • #855
  • Jul 2, 2018 6:59am Jul 2, 2018 6:59am
Based on SFX, applying the contrarian approach, and my own analysis I opened only 3 orders last night.

NZDCAD Sell
AUDCAD Sell
EURNZD Buy

So far they are performing well with +130 pips. Lets see how it goes the rest of the day.
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Truth is like poetry. And most people f*cking hate poetry.
  • #856
  • Jul 2, 2018 9:36am Jul 2, 2018 9:36am
Hey everyone been posting around around in forex factory just trying to get some insight. If im using a currency strength meter for m1 scalping what timeframe should i use to find the strength and weakness?
  • #857
  • Jul 2, 2018 4:08pm Jul 2, 2018 4:08pm
Quoting mrdfx
Based on SFX, applying the contrarian approach, and my own analysis I opened only 3 orders last night. NZDCAD Sell AUDCAD Sell EURNZD Buy So far they are performing well with +130 pips. Lets see how it goes the rest of the day. {image}
Update on these 3 pairs. I closed them earlier today for +190 pips.

Not bad for only 3 pairs and 1 day in trade.
Truth is like poetry. And most people f*cking hate poetry.
  • #858
  • Jul 2, 2018 4:49pm Jul 2, 2018 4:49pm
Quoting mrdfx
{quote} Update on these 3 pairs. I closed them earlier today for +190 pips. Not bad for only 3 pairs and 1 day in trade.
This trading style is supposed to be a longer term strategy as long as you can withstand the swings and have larger SL's, but I have had a great success rate only going for 5% and closing trades after 1 or 2 days. Wednesdays are typically not as good, so I try to take my profits before the start of the Wednesday session. If you do decide to hold for longer, try to close your positions by the end of the Thursday trading day. Nice job mrdfx!
  • #859
  • Jul 2, 2018 5:47pm Jul 2, 2018 5:47pm
Quoting mrdfx
{quote} Update on these 3 pairs. I closed them earlier today for +190 pips. Not bad for only 3 pairs and 1 day in trade.
My first trade with the methodology

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Id like to ask a question to whom ever can answer me, Iv gone throught the thread and I know how to pick trades, but how do we check money flow and get out of trades before they turn? Is it by checking the myfx sentiment as it turns? Thanks alot.
  • #860
  • Jul 2, 2018 7:51pm Jul 2, 2018 7:51pm
Quoting mikethadon
Hey everyone been posting around around in forex factory just trying to get some insight. If im using a currency strength meter for m1 scalping what timeframe should i use to find the strength and weakness?
wow, that's a new question, nobody ever asked before!!

Please read this thread https://www.forexfactory.com/showthread.php?t=163158

And this thread https://www.forexfactory.com/showthread.php?t=377527

Then get back to us with the answer, ha ha ha
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