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

  • #1,461
  • Aug 9, 2018 6:09pm Aug 9, 2018 6:09pm
Quoting aaven
{quote} Neil, When we start looking at XAUAUD,XAUCAD etc... the percentages could oscillate, going below zero-coming back to zero and rising above zero and so forth... is there a minimum percentage that the XAUAUD,XAUCAD etc has to touch sort of like a validating condition before we consider it? To others, as Neil said, for quick glance Gold Percentages are available under trading view {add them under watch list}. Also, the values are also available with investing.com website, where we have to add values XAUAUD,XAUCAD etc.. under "Portfolio" Warning...
I'll update you when I can.. Always use the OANDA feed through Tradingview. It's up to the second and the most reliable. OANDA has the only feed through tradingview that does the GOLD V CURRENCY.. Otherwise I always use ICE DATA FEED - It is just a data feed and not a broker. Even though they stopped the WCU feed on the 7th for technical reasons it is very,very reliable.

Batan626 - I think he does it that way because its a video and not an image.. Please try and post images though and not link out to other sites as admins don't like it.. That's why this thread is in the commercial section as we link out to paid sites.... Like scorpionfx, Tradingview etc. I have nothing to sell. Never have and never will.

It is a long process but I learnt it from the best... I can help you but beware..... I am a crap teacher ;-)

I do see now that reader1's posts are being disliked.. Twee can you stop that auto dislike script... Or block the user.. I don't care about it but not when they or it does it to others here.. The person is a sad loser so no need for IT here ;-)

Now as you may of noticed earlier how in the image (above post) the NZD hit the floor and the money flow dried up. They just wait now or leave it.. Move to another currency or as the NZD now is low. They will buy it. Very rare that they will make it drop further. now just because it has hit the low zone doesn't mean it can't drop more.. IT CAN. But the further it goes into the zone the bigger the reverse move.. You seen that with the GBP. It will rapidly change direction for hundreds of pips then stall... Carry on rising or they will make it fall again and take it back to the floor... OK the BUY zone....

It does take years of experience but after a while you can spot the signs of what they are trading.. OK, I did it with them but it was years back and things change. The market changes and they have the latest computer algo's but you can still see what they are doing even though you will be behind them but still take most of the move with them.

No need for hundreds of trades a week... The more trades you're in, the more stress you will have and more stress keeping up with them. Killing your eyes starring at a screen all day and trust me it gets you in the end.

That's why I gave it all up for months.... I wanted to forever but it's like an addiction....
The most violent element in society is IGNORANCE
  • #1,462
  • Aug 9, 2018 8:23pm Aug 9, 2018 8:23pm
Quoting neilsdigest
{quote} I'll edit this post when I get time as wrote it at lightning speed and missed things out etc! It's finally cooled off. Well for the time being. I'll answer any other questions later. Writing this made my head explode. I don't have time to explain it yet as on the move... I will be home tomorrow night from a three month vacation that has lasted a month.... Too damn hot and can't do anything so might as well go home... Now just because I have put buy/sell (chart below) doesn't mean when it gets there you buy and sell the currency..... Last...
I really appreciate all the details and knowledge you provided here. You are really a genius!!
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,463
  • Aug 10, 2018 12:36am Aug 10, 2018 12:36am
eur weak start yesterday nv session opening before
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life is short.enjoy your coffee...
  • #1,464
  • Aug 10, 2018 1:07am Aug 10, 2018 1:07am
Quoting Botan626
{quote} This post should be a good example for you that screenshots posted on external sites become unavailable sooner or later. What if somebody wants to know what was shown in there now? Why using gyazo? POST (https://www.forexfactory.com/showthread.php?p=7745690#post7745690)
This should be a good example to you of someone who has taken the time to take a screenshot and place the post, and possibly is unaware that the screenshot may become unavailable to view in the future. Rather than criticize, why not offer an alternative solution.
  • #1,465
  • Aug 10, 2018 2:03am Aug 10, 2018 2:03am
Quoting moodybot
{quote} This should be a good example to you of someone who has taken the time to take a screenshot and place the post, and possibly is unaware that the screenshot may become unavailable to view in the future. Rather than criticize, why not offer an alternative solution.
Already done.

https://www.forexfactory.com/showthread.php?p=11289893#post11289893

https://www.forexfactory.com/showthread.php?p=11289971#post11289971
  • #1,466
  • Aug 10, 2018 2:34am Aug 10, 2018 2:34am
Hey neilsdigest, i took one for the team....lol....
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  • #1,467
  • Aug 10, 2018 8:02am Aug 10, 2018 8:02am
Quoting Botan626
{quote} This post should be a good example for you that screenshots posted on external sites become unavailable sooner or later. What if somebody wants to know what was shown in there now? Why using gyazo? POST (https://www.forexfactory.com/showthread.php?p=7745690#post7745690)
Let me try...I have 3 open MT4's so will do it the old school way...hope this turns out.
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K.I.S.S.
  • #1,468
  • Aug 10, 2018 8:19am Aug 10, 2018 8:19am
Quoting fmsfx
{quote} Let me try...I have 3 open MT4's so will do it the old school way...hope this turns out. {image}
I have Scissors on my Taskbar.

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So Im making a screenshot of the area I need with this tool, then right mouse button on screenshot --> Copy --> Ctrl+V on FF.
  • #1,469
  • Edited 12:53pm Aug 10, 2018 12:43pm | Edited 12:53pm
The weekend is here. That magical time of no going blind... Who got me back into trading again anyway?.. I want the easy life now.

But no pain - No gain - Now go enjoy the weekend. All trades are closed.

The AUD went very weak in the Asian session - The JPY was a funny one at first as I thought the big guns where doing a fake move.. but quickly went strong with Gold and the WCU... Luckily it lasted all through the three sessions.

As my account is usually private I will just show when I took the order in the Asian session
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The most violent element in society is IGNORANCE
  • #1,470
  • Aug 10, 2018 1:10pm Aug 10, 2018 1:10pm
Quoting neilsdigest
The weekend is here. That magical time of no going blind... Who got me back into trading again anyway?.. I want the easy life now. But no pain - No gain - Now go enjoy the weekend. All trades are closed. The AUD went very weak in the Asian session - The JPY was a funny one at first as I thought the big guns where doing a fake move.. but quickly went strong with Gold and the WCU... Luckily it lasted all through the three sessions. As my account is usually private I will just show when I took the order in the Asian session {image} {image}

neilsdigest happy weekend Buddies

cheer
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life is short.enjoy your coffee...
  • #1,471
  • Aug 10, 2018 1:12pm Aug 10, 2018 1:12pm
Quoting reader1
{quote} neilsdigest happy weekend Buddies cheer {image} {image} {image}
Have a great weekend mate.... You're doing awesome. Keep it up ;-)
The most violent element in society is IGNORANCE
  • #1,472
  • Aug 10, 2018 1:14pm Aug 10, 2018 1:14pm
Quoting neilsdigest
{quote} I'll update you when I can.. Always use the OANDA feed through Tradingview. It's up to the second and the most reliable. OANDA has the only feed through tradingview that does the GOLD V CURRENCY.. Otherwise I always use ICE DATA FEED - It is just a data feed and not a broker. Even though they stopped the WCU feed on the 7th for technical reasons it is very,very reliable. Batan626 - I think he does it that way because its a video and not an image.. Please try and post images though and not link out to other sites as admins don't like it.....
Neil,

I am trying to understand how we use Gold/Money Flow: Is it as a means as a Primary Trigger {Or} as a Filter

Primary Trigger:

Do we first look at Gold Vs Currency, As of writing this, JPY-{Strongest} and EUR {Weakest} and only then do we look at chart consisting of WCUJPY and WCUEUR. Only if there is room till the floor/roof do we take the trade?


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Filter:

First we look at two currencies that are at opposite ends, roof and floor and Only then do we look at Gold as a filter to find when the momentum is going down?

Your guidance is much appreciated...

Thanks

PS: Thanks for letting me know that Oanda has the accurate ino about Gold...
  • #1,473
  • Aug 10, 2018 1:17pm Aug 10, 2018 1:17pm
Quoting neilsdigest
{quote} I'll update you when I can.. Always use the OANDA feed through Tradingview. It's up to the second and the most reliable. OANDA has the only feed through tradingview that does the GOLD V CURRENCY.. Otherwise I always use ICE DATA FEED - It is just a data feed and not a broker. Even though they stopped the WCU feed on the 7th for technical reasons it is very,very reliable. Batan626 - I think he does it that way because its a video and not an image.. Please try and post images though and not link out to other sites as admins don't like it.....
Neil,

Let me assure you, you are far from being a crap teacher... I for one am very grateful for the detailed explanations which take time to write. You are going out of your way to help people...

Thanks
  • #1,474
  • Aug 10, 2018 1:39pm Aug 10, 2018 1:39pm
Closing this GJ short before the weekend. Nice runner. Thanks Neil.

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  • #1,475
  • Aug 10, 2018 1:46pm Aug 10, 2018 1:46pm
Dear Neil, I bought the donforex currency strengh indicator. Very confused using it by following the contrarian approach. The strengh just changes too quickly. Any suggestions?
Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #1,476
  • Aug 10, 2018 2:02pm Aug 10, 2018 2:02pm
Quoting neilsdigest
{quote} Have a great weekend mate.... You're doing awesome. Keep it up ;-)
Update. 6.2% (16 hours floating) plus closed over 12% for the week
See the update ( you know where)

J
Our AWESOME IMAGINATION is the true holy grail!
  • #1,477
  • Aug 10, 2018 2:42pm Aug 10, 2018 2:42pm
Quoting assassin85
Dear Neil, I bought the donforex currency strengh indicator. Very confused using it by following the contrarian approach. The strengh just changes too quickly. Any suggestions?
I will test it.. I have just got home so have access to MT4 now. I put it on my tablet but it kept crashing.....

My settings where the DAILY on Setting 1.. That gives you up to the minute strength/weakness on that candle only.. If you use setting one on say the 15 minute timeframe it will change very quickly..

As they markets are wild at the minute, it will change a lot. Let me know what settings you use?
The most violent element in society is IGNORANCE
  • #1,478
  • Edited 3:05pm Aug 10, 2018 2:46pm | Edited 3:05pm
Quoting xmess7
{quote} Update. 6.2% (16 hours floating) plus closed over 12% for the week See the update ( you know where) J
Xmess7 I am home now so will talk on Skype later if you are available. Last week on the tablet it kept crashing. I got your message but couldn't answer you.

Like your byline says - Our AWESOME IMAGINATION is the true holy grail! Just got to sort some things out and I will take a look.

Thank you for all the hard work and time you put in to it.. I can't thank you enough.

Neil
The most violent element in society is IGNORANCE
  • #1,479
  • Aug 10, 2018 4:11pm Aug 10, 2018 4:11pm
Aaven I will update you over the weekend if I can. So much to do and organize, I just did a screen shot for you... Depending what time frame you are on. I use the daily and the hourly for the top and bottom.... If a currency is at the top and we see it is getting stronger then Gold and the WCU it has a high chance of going going down.

I will explain better with a chart with your example if the EUR/JPY later on over the weekend.

Now people keep saying the buy and sell zones are just support and resistance. THEY ARE NOT.... Far from it. It's a technique the big guys use and they DO NOT use support and resistance... Another retail myth - If support and resistance truly worked why isn't there thousands of retail millionaires.

I will explain better when I get more time.... Now why didn't I buy the EUR/JPY when it went into the Buy zone... One: The JPY is still stronger on the day then the EURO with GOLD & the WCU... Look what happened to the pound/CAD the other day... It rose then crashed down to the buy zone again. The floor. The CAD was still stronger then the GBP.. It happens as when one hit a zone the money flow stops going into that currency.. As the money flow stopped going in to the CAD the GBP rose.. Its even beyond me sometimes how it all works.

Now from this point we do NOT sell the EUR/JPY

It takes ages to get your head around it.. I had to hide some of the currencies/pairs on the chart or it will become a complete mess..
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The most violent element in society is IGNORANCE
  • #1,480
  • Aug 10, 2018 4:52pm Aug 10, 2018 4:52pm
Quoting neilsdigest
Aaven I will update you over the weekend if I can. So much to do and organize, I just did a screen shot for you... Depending what time frame you are on. I use the daily and the hourly for the top and bottom.... If a currency is at the top and we see it is getting stronger then Gold and the WCU it has a high chance of going going down. I will explain better with a chart with your example if the EUR/JPY later on over the weekend. Now people keep saying the buy and sell zones are just support and resistance. THEY ARE NOT.... Far from it. It's a technique...
Thanks for the real quick reply Neil...
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