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

  • #1,081
  • Jul 22, 2018 6:36pm Jul 22, 2018 6:36pm
Thanks for all this Info and training Neil I really appreciate it!
  • #1,082
  • Edited 7:27pm Jul 22, 2018 6:58pm | Edited 7:27pm
Quoting Forexholy
Thanks for all this Info and training Neil I really appreciate it!
I do my best mate lol.... It's not complicated is it.... Take the below math as an example... Off topic, yes but just to prove nothing is as complicated as everyone makes out. I could of just kept this to myself but hey, why. I.m not greedy...

Nothing is really complicated... They make it SEEM complicated..

Work these out without using a calculator.. in 30 seconds each one... Can you do it?

43% of 127
40% of 15
27% of 120
17% of 374

In a job interview once I wouldn't employ someone who could'nt work those out without a calculator in 30 seconds each.. Just a pen and paper. No one past it.
Hard hey if you're not good at maths.... Did your Math teacher make it more complicated then it really is to work out...

43% of 127 = 4.3 x 12.7 = 54.61 - Its easy really isn't it.
40% of 15 is just 4 x 1.5 = 6
27% of 120 is just 2.7 x 12 = 32.4
17% of 374 is just 1.7 x 37.4 = 63.58

The world and especially Forex gurus or whatever make it sound hard, when in actually fact it isn't.
Like the math above.... Did your teacher teach you that simple way. I BET NOT.
Things are not as complicated as they all make out. Remember that.

Right got to go and maybe be away for a couple of days.... Into Italy tomorrow.... I need a real pizza ;-)

Update: People here took the piss.. (English saying) that I worked at Barclays Investment bank.. The ones that think they know it all and think they are traders.... Now earlier I was asked where I got this technique from..... Well guess what... The bank itself uses it... Not the WCU but they get the same data which costs them millions a year and use the same technique I use with the WCU and the top (Roof) and bottom (The floor) technique.... That's why you see big drops or rises as soon as one hit the roof or floor... A lot of money flow goes into them... When I left the bank many years ago they where making BILLIONS a year.. I wonder now if they will shut up.. ;-) - They do use other methods and I'll get this out the way. They do NOT manipulate the market. Its impossible to manipulate a five trillion a day market.... They DO manipulate you though. The retail trader.
The most violent element in society is IGNORANCE
  • #1,083
  • Jul 22, 2018 7:34pm Jul 22, 2018 7:34pm
USDJPY is crashing LIVE! Is below 111 now, was 113 just couple of days ago!

Terrific explanation on hitting roofs and floors, considering these are actually buy and sell zones.

But I can't figure out this: when the USDWCU hits the floor or the WCUUSD hits the roof, it meant USD itself will get stronger, right?


The Dark Mode on TV is amazing:
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Quoting neilsdigest
{quote} Now 9 times out of ten the candle will not close through the floor or roof.... Now when using the line charts to set it up, you must hide the ones that are not close to the floor or roof and turn the rest into candle charts...
I can't set Candles for the 2nd chart, Candles are just absent in the style tab for chart's settings.

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Do you use some paid plan by any chance? Or am I missing something?
  • #1,084
  • Edited 8:07pm Jul 22, 2018 7:55pm | Edited 8:07pm
Try this.... On the tablet I'm using now I'm not logged in to the plan I use and using the free one, so it should work.

Sorry I took my time as wanted to show you the XAU/JPY chart... It is falling against Gold whilst gold is stronger the the USD.. If anyone wants that technique and don't use tradingview charts... The only broker that has XAU/GBP - XAU/JPY etc is OANDA MT4. Good for the strength/weakness..

I know it sounds strange and its weird... But the WCU/USD in a way is like trading the USD/USD... Strange and hard to explain. But when the USD hits the floor you would think you would buy buy when in actual fact you sell it. Just remember that the WCU is the USD and the USD is nothing LOL

Take me bloody ages on the tablet to do them. Takes me seconds on the computer...
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The most violent element in society is IGNORANCE
  • #1,085
  • Jul 22, 2018 8:06pm Jul 22, 2018 8:06pm
Quoting neilsdigest
Try this.... On the tablet I'm using now I'm not logged in to the plan I use and using the free one, so it should work. Sorry I took my time as wanted to show you the XAU/JPY chart... It is falling against Gold whilst gold is stronger the the USD.. If anyone wants that technique and don't use tradingview charts... The only broker that has XAU/GBP - XAU/JPY etc is OANDA MT4. Good for the strength/weakness.. I know it sounds strange and its weird... But the WCU/USD in a way is like trading the USD/USD... Strange and hard to explain. But when the USD...
Tried different browser which clears cookies and data when turning it off, and I gotta say when I press Format button, my little window differs from yours. So strange.
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Will figure this out later.
  • #1,086
  • Jul 22, 2018 8:19pm Jul 22, 2018 8:19pm
Quoting Botan626
{quote} Tried different browser which clears cookies and data when turning it off, and I gotta say when I press Format button, my little window differs from yours. So strange. {image} Will figure this out later.
Strange..... I do get it sometimes if I add a currency pair in the compare.... Just did this one though.. Take me bloody ages though. Stupid tablet... My brain gone.... Only need 3 hours sleep a night so all good... I'll try and show you tomorrow how I do it but the other technique should work.
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The most violent element in society is IGNORANCE
  • #1,087
  • Jul 22, 2018 8:26pm Jul 22, 2018 8:26pm
Quoting neilsdigest
Try this.... On the tablet I'm using now I'm not logged in to the plan I use and using the free one, so it should work. Sorry I took my time as wanted to show you the XAU/JPY chart... It is falling against Gold whilst gold is stronger the the USD.. If anyone wants that technique and don't use tradingview charts... The only broker that has XAU/GBP - XAU/JPY etc is OANDA MT4. Good for the strength/weakness.. I know it sounds strange and its weird... But the WCU/USD in a way is like trading the USD/USD... Strange and hard to explain. But when the USD...

Yeah that red line going straight up is just mesmerizing.


I got it, WCUUSD is like (similar to) DXY.

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When it tops, its time to start expecting for it to go down. So we should just think WCUUSD = USD. RIght?
  • #1,088
  • Jul 22, 2018 8:27pm Jul 22, 2018 8:27pm
Re: When it tops, its time to start expecting for it to go down. So we should just think WCUUSD = USD. RIght?

Yes, just think that the WCU is the USD.. I know it's weird but it's the way it works. So the WCU/USD is USD/Nothing

Sorry I'm an idiot. I ADMIT IT. My fault.... When you click compare. Click on add symbol and over lay chart clicked... Its hard working on a tablet at the minute.
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The most violent element in society is IGNORANCE
  • #1,089
  • Jul 22, 2018 8:36pm Jul 22, 2018 8:36pm
Quoting neilsdigest
{quote} Strange..... I do get it sometimes if I add a currency pair in the compare.... Just did this one though.. Take me bloody ages though. Stupid tablet... My brain gone.... Only need 3 hours sleep a night so all good... I'll try and show you tomorrow how I do it but the other technique should work. {image}

I got it.

I should have pressed Add Symbol with Overlay the main chart option on. FFS.

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Now I gotta to re-add all the Symbols. Good thing this 1 layout with all the symbols could be saved on my account.
  • #1,090
  • Jul 22, 2018 8:42pm Jul 22, 2018 8:42pm
Quoting neilsdigest
Re: When it tops, its time to start expecting for it to go down. So we should just think WCUUSD = USD. RIght? Yes, just think that the WCU is the USD.. I know it's weird but it's the way it works. So the WCU/USD is USD/Nothing. {image}
Yep, that's clear now.


Quoting neilsdigest
Sorry I'm an idiot. I ADMIT IT. My fault.... When you click compare. Click on add symbol and over lay chart clicked... Its hard working on a tablet at the minute. {image}
Nope, it's the TV an idiot, cause either comparing or adding a symbol its still a symbol, so why the user cant choose candles? But glad we figured this out too. Now its all clear how work with TV charts.

Ok, a LOT was learned today and yesterday, but it's almost 5 a.m. at my place, so gotta go to bed.

Thanks for your tremendous support, Neil!
  • #1,091
  • Jul 22, 2018 8:45pm Jul 22, 2018 8:45pm
Quoting Botan626
{quote} Yep, that's clear now. {quote} Nope, it's the TV an idiot, cause either comparing or adding a symbol its still a symbol, so why the user cant choose candles? But glad we figured this out too. Now its all clear how work with TV charts. Ok, a LOT was learned today and yesterday, but it's almost 5 a.m. at my place, so gotta go to bed. Thanks for your tremendous support, Neil!
Your welcome mate. No idea what time it is here as my tablet is still on U.K time and its says 02.45 so it must be 03.45 I think.... ooooops
The most violent element in society is IGNORANCE
  • #1,092
  • Jul 22, 2018 8:51pm Jul 22, 2018 8:51pm
This is great stuff. I hopped in the EUR/JPY again and took it down another 28 pips I put a fib on the daily swing low swing high and took it down to about the 38% before it turned back up.
  • #1,093
  • Jul 22, 2018 8:53pm Jul 22, 2018 8:53pm
Quoting neilsdigest
Sorry I took my time as wanted to show you the XAU/JPY chart... It is falling against Gold whilst gold is stronger the the USD.. If anyone wants that technique and don't use tradingview charts... The only broker that has XAU/GBP - XAU/JPY etc is OANDA MT4. Good for the strength/weakness..

The last thing, Neil was talking about XAUJPY and XAUUSD.
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Compare the last candles, folks. XAUJPY is going DOWN while XAUUSD is going UP, which means JPY is going UP much harder than USD is going DOWN. So lets have a look at JPY 1 more time:

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Amazing. All this stuff is just great.
  • #1,094
  • Jul 22, 2018 9:03pm Jul 22, 2018 9:03pm
Quoting Botan626
{quote} The last thing, Neil was talking about XAUJPY and XAUUSD. {image} Compare the last candles, folks. XAUJPY is going DOWN while XAUUSD is going UP, which means JPY is going UP much harder than USD is going DOWN. So lets have a look at JPY 1 more time: {image} Amazing. All this stuff is just great.
Simple hey. Nothing complicated..... I forgot what I was going to say now LOL

OH yes so we predicted the rise of the JPY on Thursday.... The USD/JPY has fell from over 113 to under 111 in three days.... But beware it won't last. There will be pullbacks as there isn't enough buyers buying the USD against the JPY..

Now I had 10 lot trade on that since Thursday and closed it New York close Friday and Brought JPY against the Dollar at market open.. One trade.. So too all my haters and Davit. I can make more then you in a few days then you make in a year... Had to get that off my chest..... OK SLEEP.
The most violent element in society is IGNORANCE
  • #1,095
  • Jul 22, 2018 9:03pm Jul 22, 2018 9:03pm
What truly stunned me was this post (https://www.forexfactory.com/showthread.php?p=11151086#post11151086) from WCU thread.

This is how this situation developed:

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  • #1,096
  • Jul 22, 2018 9:11pm Jul 22, 2018 9:11pm
Quoting neilsdigest
{quote}But beware it won't last. There will be pullbacks as there isn't enough buyers buying the USD against the JPY..
You mean there won't be enough people buying JPY against USD?
  • #1,097
  • Jul 22, 2018 9:17pm Jul 22, 2018 9:17pm
Quoting Botan626
What truly stunned me was this post (https://www.forexfactory.com/showthread.php?p=11151086#post11151086) from WCU thread. This is how this situation developed: {image}
hahaha yes I broke them in with it gently when it all started..... I really should move all this though to the WCU thread. I love what I wrote then... "Anyway I'm always wrong ask my wife" LOL...

As the JPY is falling against the dollar it will pullback a lot for 1: People mainly retail will buy the USD/JPY - Even though it's falling. They will go get there stop losses and then make it drop more... One way the big boys manipulate the retail trader. There evil but very clever. I learnt from the best but I hated them... Evil people bankers. LOL
The most violent element in society is IGNORANCE
  • #1,098
  • Jul 22, 2018 9:27pm Jul 22, 2018 9:27pm
Quoting neilsdigest
{quote} hahaha yes I broke them in with it gently when it all started..... I really should move all this though to the WCU thread. I love what I wrote then... "Anyway I'm always wrong ask my wife" LOL... As the JPY is falling against the dollar it will pullback a lot for 1: People mainly retail will buy the USD/JPY - Even though it's falling. They will go get there stop losses and then make it drop more... One way the big boys manipulate the retail trader. There evil but very clever. I learnt from the best but I hated them... Evil people bankers....

But JPY is rising against USD, thats why USDJPY is falling.

But still, you right, most traders hold long positions on UJ:

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Quoting neilsdigest
They will go get there stop losses and then make it drop more...
So you saying UJ will drop further a little bit, then will rise and then will continue ? Well, we'll just see.
  • #1,099
  • Jul 22, 2018 9:32pm Jul 22, 2018 9:32pm
What I dont understand, is why at this moment, after more than 200 pips drop for USDJPY, most traders are holding longs:

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And we must remember that
Quote
Data is based on verified, real accounts only and refreshed every 60 seconds.

https://www.myfxbook.com/community/outlook/USDJPY
  • #1,100
  • Jul 22, 2018 9:33pm Jul 22, 2018 9:33pm
Quoting Botan626
{quote} But JPY is rising against USD, thats why USDJPY is falling. But still, you right, most traders hold long positions on UJ: {image} {quote} So you saying UJ will drop further a little bit, then will rise and then will continue ? Well, we'll just see.
Yes.. It's the tiredness.. I say things back to front when I'm tired LOL........... Even though the USD/JPY dropped hard. It has to rise to fall again..

I'm to exhausted to try and explain it lol;-)

XAUUSD has dropped a lot... The JPY index has dropped a bit.... The selling of the USD/JPY rush might be over or just doing a pullback.
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The most violent element in society is IGNORANCE
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