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

  • #1,001
  • Jul 18, 2018 4:41pm Jul 18, 2018 4:41pm
Quoting hefer
{image}
Hefer. Is that Russian?.. I cannot tell what time frame it's on.
The most violent element in society is IGNORANCE
  • #1,002
  • Jul 18, 2018 4:58pm Jul 18, 2018 4:58pm
Quoting neilsdigest
{quote} Hefer. Is that Russian?.. I cannot tell what time frame it's on.

Neil have you tried combining the buy/sell zones with Davit's pivots?
  • #1,003
  • Jul 18, 2018 5:12pm Jul 18, 2018 5:12pm
Quoting KingMark
{quote} Neil have you tried combining the buy/sell zones with Davit's pivots?
If you want to do that then please go ahead but please don't mention that name here LOL

The new pivot thread was going OK until he joined in and it's already turning into a cesspit............... So the answer is NO.... If you use tradingview there is a daily, monthly pivot indicator. Give it a try and see how it gets on with them.
The most violent element in society is IGNORANCE
  • #1,004
  • Jul 18, 2018 5:20pm Jul 18, 2018 5:20pm
Quoting neilsdigest
{quote} If you want to do that then please go ahead but please don't mention that name here LOL The new pivot thread was going OK until he joined in and it's already turning into a cesspit............... So the answer is NO.... If you use tradingview there is a daily, monthly pivot indicator. Give it a try and see how it gets on with them.

Alright
  • #1,005
  • Jul 18, 2018 5:23pm Jul 18, 2018 5:23pm
It's nice to see this thread is still going strong
  • #1,006
  • Jul 18, 2018 5:29pm Jul 18, 2018 5:29pm
Quoting osjoe2
It's nice to see this thread is still going strong
Thought you had left us Osjoe.... Good to see you here. Hope all is well.
The most violent element in society is IGNORANCE
  • #1,007
  • Edited 5:56pm Jul 18, 2018 5:39pm | Edited 5:56pm
If the AUD/USD is rising and the USD/CAD is falling... Which currency is driving the movement of each pair..?


If the EUR/CAD, EUR/GBP, EUR/USD and EUR/CHF are all falling over the same time period then EUR weakness is driving the movement over this down cycle on the EUR/JPY. If the GBP/JPY, CAD/JPY and AUD/JPY are all falling over the same time period, then the JPY strength is the reason that the EUR/JPY dropped. This is an incredibly simple method of forex analysis, but completely ignored by almost all forex traders.

If the AUD/USD is rising and the USD/CAD is rising, then the USD is not controlling the movement and the best pair to trade would be to buy the AUD/CAD.

The forex technical indicators and systems available now to forex traders do not take this simple logic into account and these systems are all fundamentally flawed. The parallel and inverse method of forex analysis is superior to any technical analysis methods.

Since technical indicators are applied to currency pairs, not individual currencies, people who use them are 99% likely to fail. The failure rate of forex traders is incredibly high and now everyone can see why.
The most violent element in society is IGNORANCE
  • #1,008
  • Jul 18, 2018 6:10pm Jul 18, 2018 6:10pm
Quoting neilsdigest
If the AUD/USD is rising and the USD/CAD is falling... Which currency is driving the movement of each pair..? If the EUR/CAD, EUR/GBP, EUR/USD and EUR/CHF are all falling over the same time period then EUR weakness is driving the movement over this down cycle on the EUR/JPY. If the GBP/JPY, CAD/JPY and AUD/JPY are all falling over the same time period, then the JPY strength is the reason that the EUR/JPY dropped. This is an incredibly simple method of forex analysis, but completely ignored by almost all forex traders. If the AUD/USD is rising and...


Nice explaination Neil.

Where WCU charts in all this?

Im wondering can we develop a system just like how you described to see which currency is getting stronger and which is driving the downward/upward cycles. Basically buying strength and selling weakness.
What im not sure about is can this system work in real time? Can we know in real time which currency will get weak/strong and trade it, or will it be after thr fact system, which we can see which currency got stronger/weaker but never able to identify in real time and take the opportunity?
  • #1,009
  • Jul 18, 2018 7:08pm Jul 18, 2018 7:08pm
Ho can you explain how to upload a wcui chart like yours, i tried to search the indicator on tradingvirmew but it is not like yours

Thanks a lot
  • #1,010
  • Jul 18, 2018 7:13pm Jul 18, 2018 7:13pm
I'll update you on using the WCU with it tomorrow as I have to go now..... But here is one.

KINGMARK..... I was working on a tradingview script before I left on a three month vacation.... When I return I will finish it off.... It will show the strength and weakness of the main currencies against the WCU currencies in real time..

I don't trade much anymore but still look every day for the slingshot trade... Especially in the EUR/USD... You can make at least 150 pips when these conditions occur.

When the EUR v WCU currencies are all rising and when the WCU V USD are all falling and vice versa... then that is a slingshot trade.. If you get in early you get at least 150 pips.

Now all the WCU currencies must be falling against the EUR (The EUR is stronger then ALL the WCU currencies) and the the USD must be falling against all the WCU currencies. (All The WCU currencies must be rising against the USD) and reversed for selling the USD against the EUR.

If the EUR is rising against all these currencies.

USD
JPY
GBP
CAD
AUD
MXN
KRW
CHF
CNY
INR

And the USD is falling against these currencies

EUR
JPY
GBP
CAD
AUD
MXN
KRW
CHF
CNY
INR

From chart one.. The EUR has been in an uptrend from the 29th May 2018 with the WCU currencies... The currency against the top ten GDP WCU currencies. But if you look at the second chart it hasn't been rising against the USD even though it rose against the USD from the 29th May..... Now have a think why and I'll post the USD WCU tomorrow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURINUPTREND.png Size: 51 KB
Click to Enlarge Name: EURUSDWCUCHART.png Size: 47 KB
The most violent element in society is IGNORANCE
  • #1,011
  • Jul 18, 2018 7:14pm Jul 18, 2018 7:14pm
Quoting Denondj87
Ho can you explain how to upload a wcui chart like yours, i tried to search the indicator on tradingvirmew but it is not like yours Thanks a lot
I cant get to a computer at the minute but ask venividivici (https://www.forexfactory.com/venividivici) and see if he can help you. He has it perfected;-)
The most violent element in society is IGNORANCE
  • #1,012
  • Jul 18, 2018 7:57pm Jul 18, 2018 7:57pm
Quoting KingMark
{quote} I think the best way to do this is get the data for say daily chart of the WCU for the open close high low and put it in excel and see if we can calculate the volatility and probabilities..etc of when it might turn and when is an extreme zone. Problem is Tradingview is the only site that provide these charts and you cant get the data from them.
Sorry I meant to answer this one. Tradingview has an API so you can pull data from the charts etc.. I will try and find the page on it tomorrow and post it..
The most violent element in society is IGNORANCE
  • #1,013
  • Jul 18, 2018 9:05pm Jul 18, 2018 9:05pm
Quoting neilsdigest
If the AUD/USD is rising and the USD/CAD is falling... Which currency is driving the movement of each pair..? If the EUR/CAD, EUR/GBP, EUR/USD and EUR/CHF are all falling over the same time period then EUR weakness is driving the movement over this down cycle on the EUR/JPY. If the GBP/JPY, CAD/JPY and AUD/JPY are all falling over the same time period, then the JPY strength is the reason that the EUR/JPY dropped. This is an incredibly simple method of forex analysis, but completely ignored by almost all forex traders. If the AUD/USD is rising and...
A..question..first i do watch the usdx especialy in relation to trading the ADUD,,EUUD ..and the GBP UD.. but i have noticed from time to time and this happened last night/OZ time.. the AD held its ground even thou the USDX was rising the others fell.... any opnion??
  • #1,014
  • Jul 19, 2018 12:15am Jul 19, 2018 12:15am
Quoting danc
{quote} A..question..first i do watch the usdx especialy in relation to trading the ADUD,,EUUD ..and the GBP UD.. but i have noticed from time to time and this happened last night/OZ time.. the AD held its ground even thou the USDX was rising the others fell.... any opnion??
Take no notice of the USDX as over 50% of the weight in it is the EUR. It's really only good for pairing the USD and the EUR to determine strength and weakness.

If you want to see currency index's that have no weight to determine them - check on https://uk.tradingview.com/markets/currencies/indices-all/

At the time of posting the (DXY) is down 0.05% - The Cad is the strongest and the GBP (No surprise there) is the weakest.

Take a look at this.... Think of the currencies when added to together as a two story house. It has a floor.. The first floor.. A divider between the first and second floor (The middle - The mean price) and the second floor and finally the roof.

Currencies and when paired do have there floor and roof....

Notice how the Indian Rupee against the mighty USD was stronger and hit the roof then fell..... In mid May the Mexican Peso hit the roof then fell..

The Mexican Peso hit the floor months later then rose.... The almighty USD against the Indian Rupee has been bouncing off the floor..
Over 80% of the time if and when it hits the floor or roof it reverses...... And the more it shoots through the floor or floor the BIGGER the reversal..

Every currency and when paired has it's limits before it either does a major reversal or changes trends.
As quoted since I have published the currencies here.. Well on the other thread (WCU)
The GBP - The NZD - The AUD (As reported by venividivici as I was away from home and missed it) and now the USD
They all did major reversals or changed trends (Daily chart)

The USD/JPY has been dropping since it hit the roof.... Most are bouncing -

And not a pivot in sight....... I don't want to watch some pairs all day to see if they hit a pivot or moving average or whatever...

I can just check once or twice a day to see if a currency or pair is going to hit the roof or floor.... Watch the WCU currency strength and if they line up the go all in with a big lot trade.....

Right it 06.15 and not been sleep yet, so get studying.

Excuse the spelling or mistakes.. No sleep and too many brandy's - These locals are to friendly ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: TheForexHouse.png Size: 123 KB
The most violent element in society is IGNORANCE
  • #1,015
  • Jul 19, 2018 1:06am Jul 19, 2018 1:06am
watching the JPY
Attached Image (click to enlarge)
Click to Enlarge Name: QIP Shot - Screen 138.png Size: 227 KB
  • #1,016
  • Jul 19, 2018 4:05am Jul 19, 2018 4:05am
N.D. Brilliant reply THKS Very much..so much in it..so much to learn should keep me going for a LONG time..All the Best Dan..Ps will start to follow the WCU thred close..THKs
  • #1,017
  • Jul 19, 2018 6:33am Jul 19, 2018 6:33am
Quoting neilsdigest
I'll update you on using the WCU with it tomorrow as I have to go now..... But here is one. KINGMARK..... I was working on a tradingview script before I left on a three month vacation.... When I return I will finish it off.... It will show the strength and weakness of the main currencies against the WCU currencies in real time.. I don't trade much anymore but still look every day for the slingshot trade... Especially in the EUR/USD... You can make at least 150 pips when these conditions occur. When the EUR v WCU currencies are all rising and when...
The USD was also strong or getting stronger.
  • #1,018
  • Jul 19, 2018 6:34am Jul 19, 2018 6:34am
Quoting neilsdigest
{quote} Sorry I meant to answer this one. Tradingview has an API so you can pull data from the charts etc.. I will try and find the page on it tomorrow and post it..

Yes we need that data to turn this into a real system.
  • #1,019
  • Jul 19, 2018 6:37am Jul 19, 2018 6:37am
Quoting neilsdigest
I'll update you on using the WCU with it tomorrow as I have to go now..... But here is one. KINGMARK..... I was working on a tradingview script before I left on a three month vacation.... When I return I will finish it off.... It will show the strength and weakness of the main currencies against the WCU currencies in real time.. I don't trade much anymore but still look every day for the slingshot trade... Especially in the EUR/USD... You can make at least 150 pips when these conditions occur. When the EUR v WCU currencies are all rising and when...

Would love to see that script.

Also yes please explain to us the with WCU charts.

I got ideas but not sure how to implement them.

All i now see is a currency and strength and weakness...no more pairs.
  • #1,020
  • Jul 19, 2018 10:27am Jul 19, 2018 10:27am
Quoting neilsdigest
I'll update you on using the WCU with it tomorrow as I have to go now..... But here is one. KINGMARK..... I was working on a tradingview script before I left on a three month vacation.... When I return I will finish it off.... It will show the strength and weakness of the main currencies against the WCU currencies in real time.. I don't trade much anymore but still look every day for the slingshot trade... Especially in the EUR/USD... You can make at least 150 pips when these conditions occur. When the EUR v WCU currencies are all rising and when...
g


Neil,

"The currency against the top ten GDP WCU currencies. But if you look at the second chart it hasn't been rising against the USD even though it rose against the USD from the 29th May"

As "KingMark" said the USD was getting Strong or if all other currencies excluding USD were weak compared to EUR? Will EURUSD play catch up?

Interested in your take.

many many thanks man for the thread...
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