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(binned per thread starter’s request) Neil's contrarian approach

  • #101
  • Aug 12, 2018 3:23am Aug 12, 2018 3:23am
@reader1 'added the volume to add strength to the breakout of ' can you please explain that? cheers...
  • #102
  • Aug 12, 2018 5:02am Aug 12, 2018 5:02am
Quoting neilsdigest
{quote} I'll tell you on the other thread.. This one isn't mine and shouldn't be here. Just copy and pasted half the rules.. :-)
Hi Neil, thanks for all that you have posted thus far.
Love your ideas and interpretation and your constant determination to educate others.
Can you tell me where is the other thread you mention?
Thanks
  • #103
  • Aug 12, 2018 5:15am Aug 12, 2018 5:15am
Quoting brownturtle
{quote} Hi Neil, thanks for all that you have posted thus far. Love your ideas and interpretation and your constant determination to educate others. Can you tell me where is the other thread you mention? Thanks
https://www.forexfactory.com/showthread.php?t=761579 has all the rules in the first post... and a few posts after. Have a great Sunday.
The most violent element in society is IGNORANCE
  • #104
  • Aug 12, 2018 5:17am Aug 12, 2018 5:17am
Quoting neilsdigest
{quote} https://www.forexfactory.com/showthread.php?t=761579 has all the rules in the first post... and a few posts after. Have a great Sunday.
Very appreciative. Now enjoy your weekend
  • #105
  • Aug 13, 2018 6:02am Aug 13, 2018 6:02am
Today signals are selling Audusd,eurusd,gbpusd,nzdusd,eurjpy.
For eurjpy, there is a big gap. So, what should I do ?
Still open position at today opening price or set a sell limit order at friday closing price ?

Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #106
  • Aug 13, 2018 6:37am Aug 13, 2018 6:37am
Quoting Shakka
Today signals are selling Audusd,eurusd,gbpusd,nzdusd,eurjpy. For eurjpy, there is a big gap. So, what should I do ? Still open position at today opening price or set a sell limit order at friday closing price ? Regards.
If you checked you probably had a huge spread at the open. I waited until it filled the gap and headed down.
I'm not an expert on it- wait for someone to answer who is.
  • #107
  • Aug 13, 2018 7:53am Aug 13, 2018 7:53am
Something to watch out for and I think it was was posted on the other 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 let the market reset itself.

It happened a few months ago as well but soon resets and goes the contrarian way again.

Something magical about the JPY currency... When it becomes the strongest it goes to the weakest and vise versa (Obvious, you might say but it does it in a special way). Now as it hit the low point. A bottom on Friday it will become weak against other currencies for a while.

Hard to tell until it resets. It might go the way of the GBP and just drop to the low point again or just get weak over the coming week.

I have no open trades as yet until I see it reset itself.
The most violent element in society is IGNORANCE
  • #108
  • Aug 13, 2018 8:11am Aug 13, 2018 8:11am
Quoting neilsdigest
Something to watch out for and I think it was was posted on the other 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 let the market reset itself. It happened a few months ago as well but soon resets and goes the contrarian way again. Something...
Btw, does this technique also work with XAUUSD (Gold) ?
Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #109
  • Aug 13, 2018 9:12am Aug 13, 2018 9:12am
Quoting neilsdigest
Something to watch out for and I think it was was posted on the other 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 let the market reset itself. It happened a few months ago as well but soon resets and goes the contrarian way again. Something...
Where do u see JPY weak? I'm using ccfp and it shows it strong.
  • #110
  • Aug 13, 2018 9:55am Aug 13, 2018 9:55am
Quoting billbss
{quote} Where do u see JPY weak? I'm using ccfp and it shows it strong.
Where did I say it was weak? It will become Weak!

Yes the JPY has a funny affect on the market at times .... The JPY is strong but see how the NZDJPY - EURJPY - GBPJPY have all risen though the day..

See post https://www.forexfactory.com/showthread.php?p=11362865#post11362865 on the real contrarian thread
Attached Image
The most violent element in society is IGNORANCE
  • #111
  • Aug 13, 2018 10:03am Aug 13, 2018 10:03am
Quoting neilsdigest
{quote} Where did I say it was weak? It will become Weak! Yes the JPY has a funny affect on the market at times .... The JPY is strong but see how the NZDJPY - EURJPY - GBPJPY have all risen though the day.. See post https://www.forexfactory.com/showthread.php?p=11362865#post11362865 on the real contrarian thread {image}
Maybe it would be better to avoid the JPY combinations in this system. There are plenty of other qualifies. Right now all the qualifiers are moving in the wrong direction.
  • #112
  • Aug 13, 2018 10:07am Aug 13, 2018 10:07am
Quoting billbss
{quote} Maybe it would be better to avoid the JPY combinations in this system. There are plenty of other qualifies. Right now all the qualifiers are moving in the wrong direction.
Yes read the post.. Every few months the market will go the retail way. It explains why.

The trouble with this thread is, it is not mine. It has just been copy and pasted from the real one and half the stuff is missing... Read the real one.
The most violent element in society is IGNORANCE
  • #113
  • Aug 14, 2018 5:11pm Aug 14, 2018 5:11pm
This is an odd one.
Thread starter started the thread- never posted in it, then asked that it be binned.
Why did he start it?
  • #114
  • Aug 26, 2018 7:34am Aug 26, 2018 7:34am
Quoting neilsdigest
{quote} You see you're a retail trader. You will not understand.. You probably use MT4... 15 minute, 30 minute, 1 Hour.. I was trying to prove that time doesn't matter in Forex. Put up a chart in tradingview on anytime below the daily and it all works the same.. Even if its a 33 minute chart... Price doesnt give a monkeys what time of day it is.. It will do what it will do.... A retail way of thinking..... On the H1 chart it has hit resistance.... Has it hit resistance on another time frame.. I don't care if you're been trading for 25 years. It...

A quick reply to this post which I have just noticed. I unsubscribed.

Yes I am a "retail trader" (and not ashamed of it) but apparently you're something else - not quite sure what? You're an institutional trader are you or maybe a bank?

You posted one of my charts from last April. Not quite sure what you are/were trying tp prove? It was when I was suggesting a selling opportunity which in actual fact proved to be an excellent trade realising a few hundred pips. So I really cannot quite understand your point.

Frankly I find it incredibly boring when you go on and on about how fantastic you are and how much money you are making and yet we have not seen one FX book (or other) proof of this! An image showing a few hundred thousand account account balance does not cut it I'm afraid.

Lastly of course it is a tremendous advantage to have a starting balance of 100,000 dollars (or more). Yes small retail traders who cannot invest this kind of money are at a disadvantage. But we do try our best, thank you.
  • #115
  • Last Post: Sep 3, 2018 4:55pm Sep 3, 2018 4:55pm
Quoting billbss
This is an odd one. Thread starter started the thread- never posted in it, then asked that it be binned. Why did he start it?
see if you can work it out, need Inspector Clouseau on the case

https://neilgroomforexfactory.wordpress.com/2018/08/24/neil-groom-neilsdigest-tries-to-delete-thread-and-his-account-on-forexfactory-com/
It takes a lot for me to IGNORE you, but you can try.
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