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

  • #1,501
  • Aug 13, 2018 9:07am Aug 13, 2018 9:07am
Quoting neilsdigest
{quote} I posted this in the wrong thread but should be here.. The market WILL go the RETAIL WAY as the market is doing a reset. Something to watch out for and I think it was was posted on this thread but everything gets lost..... The JPY has a very funny effect on the markets as and when it is the strongest and hits a low point.. Everything starts going the retail way for a while... It sort of does a market reset. Everything resets itself. It didn't help with the Gold and WCU ratings as the JPY did a big Opening gap. Just watch your trades and...
I know buffet was a contrarian but do you say the contrarian approach is sufficient to win in fx as a trend detector
  • #1,502
  • Edited 9:27am Aug 13, 2018 9:17am | Edited 9:27am
Quoting tradur
{quote} I know buffet was a contrarian but do you say the contrarian approach is sufficient to win in fx as a trend detector
The greatest traders in history are/where contrarian traders..... But it's not just as simple as say taking an myfxbook reading of say EUR/JPY 80% buy 20% sell - So you would sell EUR/JPY - There is more to it but yes, you can make sufficient to win in FX. I did for many years but by combining it with other methods as which are posted in this thread.

But like right now you wouldn't sell the AUD/JPY or EUR/JPY for example as its doing a reset.. The market does reset itself. It usually happens when the JPY has become the strongest currency. Notice currency.. Overall.. It just won't go lower even though the JPY will be strong.

It will go the way of the retail trader for a while - It did happen a few months back and is posted somewhere on this thread.. It's a mess though so might be hard to find.

Update:

As of Friday close (New York) the contrarian rankings on currency strength where.
1 JPY
2 USD
3 CHF
4 CAD
5 AUD
6 EUR
7 GBP
8 NZD
When the JPY is at number 1 or number 8 of which happens every few months or so... The market will do a reset... It just goes the retail way.
The best time and the ultimate profit time for contrarian trading is when the JPY is between 3 - 6
I will start posting the rankings if I remember.

Notice today how the NZD/JPY - GBP/JPY and EUR/JPY have gone the retail way and how the rankings are reversed.
The most violent element in society is IGNORANCE
  • #1,503
  • Aug 13, 2018 9:34am Aug 13, 2018 9:34am
Quoting neilsdigest
{quote} The greatest traders in history are/where contrarian traders..... But it's not just as simple as say taking an myfxbook reading of say EUR/JPY 80% buy 20% sell - So you would sell EUR/JPY - There is more to it but yes, you can make sufficient to win in FX. I did for many years but by combining it with other methods as which are posted in this thread. But like right now you wouldn't sell the AUD/JPY or EUR/JPY for example as its doing a reset.. The market does reset itself. It usually happens when the JPY has become the strongest currency....
Thanks alot, I noticed that.

Because of your approach I made alot of pips! I found my own way in your approach.

I noticed for longer term it works good for stocks as well
  • #1,504
  • Aug 13, 2018 9:44am Aug 13, 2018 9:44am
Quoting tradur
{quote} Thanks alot, I noticed that. Because of your approach I made alot of pips! I found my own way in your approach. I noticed for longer term it works good for stocks as well
Fantastic... Yes find your own approach with it.. Even if you have a favorite indicator (arghhhhhhhh) see how it gives you a signal to sell when retail are buying.. Try it with Davits Pivot method and only take a signal if its a contrarian signal.. The opposite of what retail are doing.. I have not tried those but you might find something that works that you are comfortable with.
The most violent element in society is IGNORANCE
  • #1,505
  • Aug 13, 2018 10:51am Aug 13, 2018 10:51am
Not sure if the 1% method was shared here Neil, but if you do see this message in time, please help us out by sharing ideal buy line with what the SL would be.
Are we using Line Break chart and buying at the open of the buy shown below?

Thank you Neil.
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  • #1,506
  • Aug 13, 2018 3:19pm Aug 13, 2018 3:19pm
Quoting Mojotrades
Not sure if the 1% method was shared here Neil, but if you do see this message in time, please help us out by sharing ideal buy line with what the SL would be. Are we using Line Break chart and buying at the open of the buy shown below? Thank you Neil. {image}
Do you mean the 1% XAU/USD method.. We only use that when Gold rising against the USD by 1% or more.. I'll post here when it does it and the rules.
The most violent element in society is IGNORANCE
  • #1,507
  • Aug 13, 2018 3:35pm Aug 13, 2018 3:35pm
Quoting neilsdigest
{quote} Do you mean the 1% XAU/USD method.. We only use that when Gold rising against the USD by 1% or more.. I'll post here when it does it and the rules.

hi dude today market choppy no trading..hopefully next days find best setup
life is short.enjoy your coffee...
  • #1,508
  • Aug 13, 2018 3:59pm Aug 13, 2018 3:59pm
OK as all this information is in the public domain it is your's to use and share... The copy and pasted contrarian thread has has binned.. I can't stop you from sharing the info but if you do. Make sure you copy and paste all the rules and not just a section of it. It confuses people and I have to reply to threads that are not mine and just have half the rules. Yes, I annoyed the thread opener by posting in it.. And he binned it.

All the rules are on the first post by OSjoe2 here... Read that and you will better understand how to use the contrarian method. This thread has other info and other techniques as all the info is on page one. If there is something you don't understand post here and someone or myself (when I can) will help you.

It does annoy me when people say why isn't it working today. Its going the other way.. The retail way. etc.. The JPY is strong why is is falling (The index)

That is why I give you more information and not just on the contrarian technique... In a above post it tells you WHY it is going the retail way. It happens every few months.. It has to. The market has to reset itself.

They are advanced techniques... I still get questioned about them and they are weird and don't work... The bank I work for used the same method... They do it on million pound computer systems.. I found the way to copy them on a Apple mac and tradingview...

See the JPY and EUR index.. A same weight index and not a currency strength based on MA's or what ever but a TRUE % based strength.. It is hard to stop using what you are used to. Damn MT4 indicators.

But see how the JPY hit a top and came down.. Even though currency strength indicators will say the JPY is strong... One reason is it opened with a massive gap. It takes patience and discipline for new techniques.

I post now and again and will show you something new... Why don't I do it all in one go.... Because it will be too much to take in.. Learn one method at a time then put it all together.

Don't take trades all the time.. I am in no trades at the minute. You don't need to be in trades every day of the week.
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The most violent element in society is IGNORANCE
  • #1,509
  • Aug 13, 2018 4:00pm Aug 13, 2018 4:00pm
Quoting reader1
{quote} hi dude today market choppy no trading..hopefully next days find best setup
I fully respect that my friend.. You have cracked it.. No need to be in trades all the time. Enjoy life and wait until it stops and the market sorts itself out :-)
The most violent element in society is IGNORANCE
  • #1,510
  • Aug 13, 2018 4:01pm Aug 13, 2018 4:01pm
Quoting neilsdigest
{quote} Do you mean the 1% XAU/USD method.. We only use that when Gold rising against the USD by 1% or more.. I'll post here when it does it and the rules.
whoops, my bad. i thought it was 1% rise or fall setup.

Thanks for getting back.
cheers
  • #1,511
  • Aug 13, 2018 6:14pm Aug 13, 2018 6:14pm
OK the JPY is still in number one spot on the ratings.. So DO NOT trade the contrarian selections. We have to let the market sort itself out. It doesn't take long.

It only happens every few months or so.. We have to wait until the JPY becomes weak... See post 1,504

You will notice that its all going the retail way... So don't blame me LOL... Keep up buttercup and read the thread... Yes, there is lots of drama... Lots of disbelief. Lots of arguments.... Just ignore it.. People don't believe because it is something new to them.. They are used to the retail way. This is something different.

But you still have to put the work in... If I post here all the trades I am doing... How does that help you? One, you might not be reading the post.... I can open a trade at 3am London time or 1pm London time. I can keep it open for two hours or 10 hours. Even days and sometimes weeks.

Plus if I post them in a way you are not learning anything.... Give a poor man a fish and feed him for a day. Teach a poor man how to fish and he can feed himself every day.

I am against using MT4 - The usual indicators... But not saying don't use it yourself..

But here is the thing, I want to know what is happening right now and what might happen in the future.. The next hour. the Next day.

I don't care what happened 14 candles ago... A very wise man I worked with gave some advice and its true... The market is like any human.

IT HAS A BAD SHORT TERM MEMORY BUT A BIG LONG TERM MEMORY. Think on that and what it means.

So have a great day off from trading and take care ;-)
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The most violent element in society is IGNORANCE
  • #1,512
  • Aug 13, 2018 11:26pm Aug 13, 2018 11:26pm
Quoting FinInsTrader
{image}
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2000+ pip....
Close Trade At Profit
  • #1,513
  • Aug 14, 2018 3:00am Aug 14, 2018 3:00am
so we need to use scorpion site too for our choices as the other thread that was binned never mentioned it ?
  • #1,514
  • Aug 14, 2018 3:57am Aug 14, 2018 3:57am
Quoting neilsdigest
OK the JPY is still in number one spot on the ratings.. So DO NOT trade the contrarian selections. We have to let the market sort itself out. It doesn't take long. It only happens every few months or so.. We have to wait until the JPY becomes weak... See post 1,504 You will notice that its all going the retail way... So don't blame me LOL... Keep up buttercup and read the thread... Yes, there is lots of drama... Lots of disbelief. Lots of arguments.... Just ignore it.. People don't believe because it is something new to them.. They are used to the...

Master Neil,

Could you please critique if this is a potential trade:

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Daily TF: GBP has hit the floor and USD is at Roof.

Money Flow:

GBP is stronger than XAU and WCU

USD is weaker than XAU and WCU

Although GBP being stronger than XAU||WCU and USD being wekear than XAU||WCU happened after GBP bounced away some distance from the floor {i.e. the Gap}. Is this acceptable so that one can enter now?

{or}

Does the GBP being stronger than XAU||WCU and USD being wekear than XAU||WCU has to be checked at the very instant GBP hits the floor or USD hits the roof?


Thanks for everything
  • #1,515
  • Aug 14, 2018 5:01am Aug 14, 2018 5:01am
Quoting aaven
{quote} Master Neil, Could you please critique if this is a potential trade: {image} Daily TF: GBP has hit the floor and USD is at Roof. Money Flow: GBP is stronger than XAU and WCU USD is weaker than XAU and WCU Although GBP being stronger than XAU||WCU and USD being wekear than XAU||WCU happened after GBP bounced away some distance from the floor {i.e. the Gap}. Is this acceptable so that one can enter now? {or} Does the GBP being stronger than XAU||WCU and USD being wekear than XAU||WCU has to be checked at the very instant GBP hits the floor...
I would leave every thing at the minute until the markets have reset and decided what to do... Until it does every thing will just be random.

For the GBPUSD use USDNOK on the daily and USDSEK on theH1 for the top and bottoms..

I'm taking the day off today and going for a long drive in the country... Fresh air and to chill..

We have to wait until the JPY has done its magic and gets weak..... That's what annoyed me on the other thread yesterday and why it was binned (I kept posting LOL) .. They said the JPY won't get weak as it's strong... Well it did...

Take the day off and have some fun.. Plenty of good trades coming up.

If you look at this (totally different to what most people see on MT4) - It will just randomly go up and down..
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The most violent element in society is IGNORANCE
  • #1,516
  • Aug 14, 2018 9:50am Aug 14, 2018 9:50am
Quoting neilsdigest
{quote} I would leave every thing at the minute until the markets have reset and decided what to do... Until it does every thing will just be random. For the GBPUSD use USDNOK on the daily and USDSEK on theH1 for the top and bottoms.. I'm taking the day off today and going for a long drive in the country... Fresh air and to chill.. We have to wait until the JPY has done its magic and gets weak..... That's what annoyed me on the other thread yesterday and why it was binned (I kept posting LOL) .. They said the JPY won't get weak as it's strong......
Thanks Master Neil...
  • #1,517
  • Aug 14, 2018 11:02am Aug 14, 2018 11:02am
eur is weaker
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life is short.enjoy your coffee...
  • #1,518
  • Aug 14, 2018 12:57pm Aug 14, 2018 12:57pm
Quoting reader1
eur is weaker
I haven't even looked today to be honest - Only just now as seen your post.... Cad got strong and GBP and EUR weaker.. The market is getting better. Might take tomorrow off as well though.. Life is short.. Enjoy your coffee ;-)
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The most violent element in society is IGNORANCE
  • #1,519
  • Aug 14, 2018 1:27pm Aug 14, 2018 1:27pm
Quoting neilsdigest
{quote} I haven't even looked today to be honest - Only just now as seen your post.... Cad got strong and GBP and EUR weaker.. The market is getting better. Might take tomorrow off as well though.. Life is short.. Enjoy your coffee ;-) {image}
thank a lot neil


already running eurcad



Life is short.. Enjoy your coffee
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life is short.enjoy your coffee...
  • #1,520
  • Aug 14, 2018 1:38pm Aug 14, 2018 1:38pm
Quoting reader1
{quote} thank a lot neil already running eurcad Life is short.. Enjoy your coffee {image}
Very nice trade.... I missed it as had loads of coffee and went for a long countryside drive.. :-)
The most violent element in society is IGNORANCE
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