(binned per thread starter's request) Currency Strength with cont | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

One trade per daily bar, or per X bars on current timeframe 0 replies

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Trading 24 hours per day, 5 days per week 14 replies

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

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

  • #881
  • Jul 5, 2018 11:20am Jul 5, 2018 11:20am
Any interest in the GBPUSD?

Attached Image


We can see here that retail are reaching that sweetspot long percentage on the pound which tells us what side we should be on.

Lets look at the chart though:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 332 KB


The chart tells a different story still, the RSI isnt on our side yet which tells me its going to take out some areas as pointed out in the arrows before making its new trend

More detail with the WCU basket..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 107 KB


Again, everything looks lined up for a transition, but I would say not without some trapping retail traders up, so ill wait until the RSI lines up with sentiment like it should.
  • #882
  • Jul 5, 2018 1:14pm Jul 5, 2018 1:14pm
I hope im not flooding the thread too much, it would be nice to have more new people participating..

Easy buy trade on the usdcad - 15min with the help of the wcu

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 183 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 197 KB
  • #883
  • Jul 5, 2018 1:51pm Jul 5, 2018 1:51pm
Quoting venividivici
I hope im not flooding the thread too much, it would be nice to have more new people participating.. Easy buy trade on the usdcad - 15min with the help of the wcu {image} {image}
It appears to me that the Blue Line is the CADWCU and if you were Selling from the OB area on the WCU Chart then you were Late to the party by a long shot. You may have been able to enter on the retrace it looks like and got a small piece of that move down..... and if you were Buying from the area you have marked then the CADWCU was never in a Buying zone.
  • #884
  • Jul 5, 2018 2:14pm Jul 5, 2018 2:14pm
Quoting bojack34
{quote} It appears to me that the Blue Line is the CADWCU and if you were Selling from the OB area on the WCU Chart then you were Late to the party by a long shot. You may have been able to enter on the retrace it looks like and got a small piece of that move down..... and if you were Buying from the area you have marked then the CADWCU was never in a Buying zone.
bojack could you circle some areas on the chart with the wcu where you would have taken a trade or two? if it isnt too much work for you, thanks
  • #885
  • Jul 5, 2018 3:15pm Jul 5, 2018 3:15pm
Quoting venividivici
{quote} bojack could you circle some areas on the chart with the wcu where you would have taken a trade or two? if it isnt too much work for you, thanks
First I showed where if you SOLD then you were Late. Then I marked 3 areas where you could have Bought but if you did then the CADWCU was not in the OS area.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 322 KB
  • #886
  • Jul 5, 2018 3:46pm Jul 5, 2018 3:46pm
Quoting bojack34
{quote} First I showed where if you SOLD then you were Late. Then I marked 3 areas where you could have Bought but if you did then the CADWCU was not in the OS area. {image}
Thanks for the explanation, im still not 100% on how to read correlation with wcu charts, ill need more screentime!
  • #887
  • Edited 11:20am Jul 6, 2018 10:47am | Edited 11:20am
Attached Image


Does anyone use line break charts on trading view here? Im not sure how it works but is it not supposed to be updated daily? its been a few days and still the same, or is it my charts?


update

Quote
Invented in Japan, Three Line Break charts ignore time and only change when prices move a certain amount.

my apologies!
  • #888
  • Jul 6, 2018 3:30pm Jul 6, 2018 3:30pm
Quoting venividivici
Does anyone use line break charts on trading view here? Im not sure how it works but is it not supposed to be updated daily? its been a few days and still the same, or is it my charts? update {quote} my apologies!
Tradingview linebreak charts seem to update once per day and only if the line break is broken... Do you have a line break set to 3... It takes ages to update.
I use setting 1 and it seems to update more often. Chart is NZD/USD and it's on today's date.... Remembering linebreaks don't use time.

What pair is on your chart and I will check it? Sorry AUD/CAD... i will check it.

Update.... Both setting 1 and setting 3 for AUD/CAD are on today's date and the linebreak is still moving. Higher.... Wonder if tradingview stopped your feed to that chart.... They do sometimes if you have to many open... If you're a paid member they shouldn't though.

Definition; Line Break Charts are a Japanese chart style similar to Kagi (https://www.tradingview.com/wiki/Kagi_Charts) and Renko Charts (https://www.tradingview.com/wiki/Renko_Charts), in that they disregard time intervals and only focus on price movements. Line Break Charts are constructed of a series of up bars and down bars (referred to as lines) . Obviously up lines represent rising prices, while down lines represent falling prices. The key to using Line Break Charts is the user defined Number of Line setting. A Line Break Chart takes the current closing price and compares it to the closing price of a previous line. The most common Number of Line setting is 3. What this means is that the closing price of the current line is compared to the closing price of the line 2 period's (https://www.tradingview.com/wiki/Period) ago. If the current price is higher it is an up line and if it is lower, it is a down line. If the current closing price is the same or the move in the opposite direction is not large enough to warrant a reversal then no new line is drawn.
Source; https://www.tradingview.com/wiki/Line_Break_Charts
Attached Images
The most violent element in society is IGNORANCE
  • #889
  • Jul 6, 2018 6:35pm Jul 6, 2018 6:35pm
Quoting neilsdigest
{quote} Tradingview linebreak charts seem to update once per day and only if the line break is broken... Do you have a line break set to 3... It takes ages to update. I use setting 1 and it seems to update more often. Chart is NZD/USD and it's on today's date.... Remembering linebreaks don't use time. What pair is on your chart and I will check it? Sorry AUD/CAD... i will check it. Update.... Both setting 1 and setting 3 for AUD/CAD are on today's date and the linebreak is still moving. Higher.... Wonder if tradingview stopped your feed to that...
Thanks for that, very strange, mine are at a standstill. I even tried a different account and incognito mode and its the same, I wonder if they block feeds by IP ? everything else apart from line break charts seem fine though.
  • #890
  • Jul 6, 2018 7:40pm Jul 6, 2018 7:40pm
Quoting venividivici
{quote} Thanks for that, very strange, mine are at a standstill. I even tried a different account and incognito mode and its the same, I wonder if they block feeds by IP ? everything else apart from line break charts seem fine though.
Yes they block the feed sometimes and by IP address... Happens to me qute often when I set the WCU line charts up. They don't seem to like me doing it so had to make a script to show it.. They can be funny at times.. I close every thing and log out and usually if I log in again they work..

All I can recommend is try not to have to many charts open at once. Let me know how it works out.
The most violent element in society is IGNORANCE
  • #891
  • Jul 6, 2018 8:01pm Jul 6, 2018 8:01pm
Hey Neil, It's almost finished! We're getting there. You know what i'm talking about.
  • #892
  • Jul 6, 2018 8:38pm Jul 6, 2018 8:38pm
Quoting bojack34
Hey Neil, It's almost finished! We're getting there. You know what i'm talking about.
Oh mate sorry I totally forgot about it.... My daughter deleted skype on the computer... Does he need to know anything?

I'll be back tomorrow sometime... ooops its 02.37 here... Need sleep.
The most violent element in society is IGNORANCE
  • #893
  • Jul 6, 2018 8:39pm Jul 6, 2018 8:39pm
Quoting neilsdigest
{quote} Yes they block the feed sometimes and by IP address... Happens to me qute often when I set the WCU line charts up. They don't seem to like me doing it so had to make a script to show it.. They can be funny at times.. I close every thing and log out and usually if I log in again they work.. All I can recommend is try not to have to many charts open at once. Let me know how it works out.
I think ive figured the reason, the only broker on that chart its providing well with is forex dot com all the others are dead for that pair..still a little strange though

Attached Image (click to enlarge)
Click to Enlarge Name: a.jpg Size: 294 KB
  • #894
  • Jul 6, 2018 8:52pm Jul 6, 2018 8:52pm
Quoting neilsdigest
{quote} Oh mate sorry I totally forgot about it.... My daughter deleted skype on the computer... Does he need to know anything? I'll be back tomorrow sometime... ooops its 02.37 here... Need sleep.
How long ago did she delete it? If you want to help, it's welcomed for sure. We have worked out a few kinks and are in the finalizing stages......got the big/important stuff out of the way.
  • #895
  • Jul 7, 2018 3:04pm Jul 7, 2018 3:04pm
Hello Neil,

Read the entire thread with great optimism and will be placing 1st trades this week.
Just to clarify a few items, (apologies if i've missed this on previous posts), your setting for the rsi is now RSI 2 HLC1 in stead of 3? (because of the lagging updates?)
Also, i didn't see any official implementation on the use of WCU indicators from trading view.

If not Neil, if BoJack34 or Venividivici, any redirection or guidance will be greatly appreciated.
Thank you all for your continued support.

Will post trades sunday night, and update how its going.

Cheers.
  • #896
  • Jul 7, 2018 3:30pm Jul 7, 2018 3:30pm
Quoting Mojotrades
Hello Neil, Read the entire thread with great optimism and will be placing 1st trades this week. Just to clarify a few items, (apologies if i've missed this on previous posts), your setting for the rsi is now RSI 2 HLC1 in stead of 3? (because of the lagging updates?) Also, i didn't see any official implementation on the use of WCU indicators from trading view. If not Neil, if BoJack34 or Venividivici, any redirection or guidance will be greatly appreciated. Thank you all for your continued support. Will post trades sunday night, and update how...
Good luck Mojotrades.... The RSI has always been 2 HLC..... Post your trades here if you can.

Don't worry to much yet about the WCU indicators etc as it gets posted here sometimes from another thread as not many people can comment on it, so they do here.. Which is OK but I don't want people to get to distracted from the contrarian way of trading..
The most violent element in society is IGNORANCE
  • #897
  • Jul 7, 2018 3:31pm Jul 7, 2018 3:31pm
Quoting bojack34
{quote} How long ago did she delete it? If you want to help, it's welcomed for sure. We have worked out a few kinks and are in the finalizing stages......got the big/important stuff out of the way.
Ages ago and never told me... Then I totally forgot about it and the other thing hehehe ;-)
The most violent element in society is IGNORANCE
  • #898
  • Jul 7, 2018 4:43pm Jul 7, 2018 4:43pm
Quoting neilsdigest
{quote} Good luck Mojotrades.... The RSI has always been 2 HLC..... Post your trades here if you can. Don't worry to much yet about the WCU indicators etc as it gets posted here sometimes from another thread as not many people can comment on it, so they do here.. Which is OK but I don't want people to get to distracted from the contrarian way of trading..
Dear Neil,

How can I be able to post in your "WOCU" thread? Only after becoming a higher-rank/more-reputable member?

Cheers!
Víctor
  • #899
  • Jul 10, 2018 10:29am Jul 10, 2018 10:29am
Has anyone been buying usd/jpy ? classic contrarian trade..im surprised not more posts on here. shame.
  • #900
  • Jul 10, 2018 10:45am Jul 10, 2018 10:45am
Sell it...,so anyone had some green pips with signals of scorpionfx and the system i have lost some pips this Week,maybe for much more political news,last Week i Made some green pips santone help to understand the market with the scorpionfx and myfxbook signals Thanks a lot
2 traders viewing now