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

  • #1,781
  • Aug 23, 2018 5:35am Aug 23, 2018 5:35am
hi neil,

Mindblowing floor / roof technique.
Hope to see will it will turnout this time for india nifty index. (short nifty) ""is it different this time"" lets see.
Have I used correlation proper or missed out something let me know.
Lots of your golden (aha moment )post were deleted I dont know how.
1000 salute to Neil.
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  • #1,782
  • Aug 23, 2018 6:18am Aug 23, 2018 6:18am
Quoting maknil
hi neil, Mindblowing floor / roof technique. Hope to see will it will turnout this time for india nifty index. (short nifty) ""is it different this time"" lets see. Have I used correlation proper or missed out something let me know. Lots of your golden (aha moment )post were deleted I dont know how. 1000 salute to Neil. {image}
http://www.niftyindices.com/indices/equity/sectoral-indices/nifty-bank
"NIFTY Bank Index is comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks."

What it has to do with currencies?
  • #1,783
  • Aug 23, 2018 6:26am Aug 23, 2018 6:26am
If I remember correctly there were some talks that brokers don't offer GOLD vs currency other that GOLD/USD. Well axitrader offers all other currencies.
If anyone needs, if not just ignore
Attached Image
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,784
  • Aug 23, 2018 6:41am Aug 23, 2018 6:41am
Quoting Degolep
If I remember correctly there were some talks that brokers don't offer GOLD vs currency other that GOLD/USD. Well axitrader offers all other currencies. If anyone needs, if not just ignore {image}
Great find! Thank you!

On demo account too, only XAUCAD is absent, but there is XAUSGD.

Insert (https://www.forexfactory.com/#)
Attached Image
  • #1,785
  • Aug 23, 2018 6:50am Aug 23, 2018 6:50am
Oh CAD is missing, didn't notice that. Well hope it helps.
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,786
  • Aug 23, 2018 8:35am Aug 23, 2018 8:35am
May this help: XAUUSD * USDCAD = XAUCAD
  • #1,787
  • Aug 23, 2018 8:43am Aug 23, 2018 8:43am
Quoting Zkk
This is the currency strength now CAD EUR CHF GBP USD NZD AUD JPY Next step will be analyzing top/bottom using negatively correlated pairs to see top/bottom then check myfxbook for retail trader's sentiment and look for opposite emotion and trade against them Am i doing it correctly? (maybe better trade it at the start of the week) {image}
Hi Zak,
As you have compiled GOLD pairings & WCU with the currencies, i cannot have them added together.
ie: xaucad+wcucad= ___
I can only do it as such:
xaucad= __
wcucad= __
By adding the '+' your able to have them grouped together, as I cannot add even when i type it out as such.

When i get a chance I will post my screen where it showed the the CHF as strong & JPY as week.
Neil, you are correct - that was a HUGE BUY.
I had them grouped in the opposite way, and since XAUCHF was sitting at the top, it inadvertently made me think it will be coming down.(although it was red)
Vise-versa for the XAUJPY, which was at the very bottom.

Appreciate the correction.

Haters will be everywhere, disliking shit they don't understand or theories we disagree on.... =life.
Lets keep doing what we need to here keep padding on massive PIPS.
  • #1,788
  • Aug 23, 2018 8:59am Aug 23, 2018 8:59am
I am testing, researching all possible things discussed in this thread. Being a natural contrarian in everything I like to think on my own and develope variables on everything I test. The idea of correlations between feeds is not a big edge for now. Oanda is the worst of all. The feed of FX Blue is faster than myFX, but the clients are reacting also better :-) So, after getting almost blind I must admit that the way of Neil is incredibly solid. People should look closer and work, instead of judge from screenshots. I´ll keep working hard as usual.
  • #1,789
  • Aug 23, 2018 9:05am Aug 23, 2018 9:05am
Quoting ea0setup
{quote} yes, I get these results in excel (early today).
When do you get these strengths? Because if you paired todays top vs bottom you would be in some good profit.
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,790
  • Aug 23, 2018 9:14am Aug 23, 2018 9:14am
Quoting Degolep
{quote} When do you get these strengths? Because if you paired todays top vs bottom you would be in some good profit.
this morning (standard way of Dennis, I do it every day early morning EU, so after asian session) and actually I have some profits
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  • #1,791
  • Edited 9:43am Aug 23, 2018 9:18am | Edited 9:43am
Quoting Mojotrades
{quote} Hi Zak, As you have compiled GOLD pairings & WCU with the currencies, i cannot have them added together. ie: xaucad+wcucad= ___ I can only do it as such: xaucad= __ wcucad= __ By adding the '+' your able to have them grouped together, as I cannot add even when i type it out as such. When i get a chance I will post my screen where it showed the the CHF as strong & JPY as week. Neil, you are correct - that was a HUGE BUY. I had them grouped in the opposite way, and since XAUCHF was sitting at the top, it inadvertently made me think it will...
If I'm not mistaken when WCUCHF is hanging on the roof it means buy for the CHF (imaginary selling WCU and buying CHF) and when WCUJPY is sitting on the floor it means sell for JPY (buy WCU sell JPY). So combination of it gives buy for CHFJPY pair.
  • #1,792
  • Aug 23, 2018 9:20am Aug 23, 2018 9:20am
Neil mentioned, if pairs reach plus or negative 10, look to trade them accordingly.
This is today live market situation.

AUD getting Hammered!
Attached Image


Will look for potential AUD/USD BUY opportunities.
Use this very handy heat map guys, you can easily spot strong/ weak currencies. GREAT TOOL!
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  • #1,793
  • Aug 23, 2018 9:30am Aug 23, 2018 9:30am
Somehow i got the currency strength in this order now, which makes perfect sense to the market at the moment

Usd
chf
eur
cad
gbp
nzd
aud
jpy

may i know if anyone has saved the 8 negatively correlated pairs suggested by neil and kindly tell me what they are, i find it hard to move next step
(one of which is wcugbp vs usdnok)
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  • #1,794
  • Aug 23, 2018 9:34am Aug 23, 2018 9:34am
Quoting Zkk
Somehow i got the currency strength in this order now, which makes perfect sense to the market at the moment Usd chf eur cad gbp nzd aud jpy may i know if anyone has saved the 8 negatively correlated pairs suggested by neil and kindly tell me what they are, i find it hard to move next step (one of which is wcugbp vs usdnok) {image}
Here you go:

GBPUSD - USDNOK
EURUSD - USDSEK
NZDUSD - USDSGD
USDJPY - USDMXN
AUDUSD - USDSGD
NZDUSD - USDSGD
USDCAD - CADCHF
  • #1,795
  • Aug 23, 2018 9:42am Aug 23, 2018 9:42am
Quoting Botan626
{quote} Here you go: GBPUSD - USDNOK EURUSD - USDSEK NZDUSD - USDSGD USDJPY - USDMXN AUDUSD - USDSGD NZDUSD - USDSGD USDCAD - CADCHF
Thanks man
  • #1,796
  • Edited 11:23am Aug 23, 2018 9:54am | Edited 11:23am
Quoting Zkk
Somehow i got the currency strength in this order now, which makes perfect sense to the market at the moment Usd chf eur cad gbp nzd aud jpy may i know if anyone has saved the 8 negatively correlated pairs suggested by neil and kindly tell me what they are, i find it hard to move next step (one of which is wcugbp vs usdnok) {image}
When I type out
example:
XAUGBP+WCUGBP Nothing happens when I click it to be able to add it.

But when I type out.
example:
XAUGBP-> when I click this, i get this added./

Any suggestions guys?

******* Turns out, I cant add it by mouse clicking, but if i press ENTER, then it gets addded to the watch list.. fyi if anyone else encounters that issue.*****
Thanks Team.
  • #1,797
  • Aug 23, 2018 10:02am Aug 23, 2018 10:02am
Quoting Mojotrades
{quote} When I type out example: XAUGBP+WCUGBP Nothing happens when I click it to be able to add it. But when I type out. example: XAUGBP-> when I click this, i get this added./ Any suggestions guys?
I type straightly ‘XAUGBP+WCUGBP’ on the watch list blank and press enter
then it shows my previous screenshot
  • #1,798
  • Aug 23, 2018 10:10am Aug 23, 2018 10:10am
Quoting Mojotrades
{quote} When I type out example: XAUGBP+WCUGBP Nothing happens when I click it to be able to add it. But when I type out. example: XAUGBP-> when I click this, i get this added./ Any suggestions guys?
Press on it, its a gif.

Insert (https://www.forexfactory.com/#)
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  • #1,799
  • Aug 23, 2018 10:52am Aug 23, 2018 10:52am
Quoting Softafin
May this help: XAUUSD * USDCAD = XAUCAD
Thanks, could I ask about the formulas of the other pairs with gold? I Tried i.e XAUUSD*EURUSD=XAUEUR but doesnt work, sure i did a mistake. I ask you because in MT5 one can create synthetic symbols too.
Humble & Kalcker CLO2 = Covid killer
  • #1,800
  • Aug 23, 2018 10:57am Aug 23, 2018 10:57am
Quoting jusiur
{quote} thanks, could i ask about the formulas of the other pairs with gold? I tried i.e xauusd*eurusd=xaueur but doesnt work, sure i did a mistake. I ask you because in mt5 one can create synthetic symbols too.
(xau/usd) / (eur/usd) = xau/eur --> xaueur.
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