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

  • #1,841
  • Aug 24, 2018 8:47am Aug 24, 2018 8:47am
Quoting mcquak
{quote} Top/bottom using WCU seems to me like very powerful strategy. I'm still a WCU's greenhorn but so far I've opened couple of trades (long NZDUSD, GBPUSD, XAUUSD) and keep it opened for couple of days now for very nice profit. I like the stressless trading without staring hours on charts. Thank you Neil for bringing WCU to my attention.
That's what I love about it.... Like the GBPUSD and EURUSD from end of last week.... See how they where forming a top and bottom.. Watch for the money flow into the pound and EUR and trade.. Nothing stressful. No chart watching and no millions of indicators (which don't work)

It does take a bit of getting used to the WCU etc but its worth it.. Who wants to chart watch all day and wait for a butterfly pattern or a monkey pattern LOL ;-)
The most violent element in society is IGNORANCE
  • #1,842
  • Aug 24, 2018 8:52am Aug 24, 2018 8:52am
Why has this thread got so many viewing now... Is it to see how much of a con man, a fantasist and a genius I am?

It gets more now then its binned then it did in the commercial section.

Update on those random test trades.... It was $3000 up at one time but now -$333..... There all doing a pullback - The joys of testing ;-)
The most violent element in society is IGNORANCE
  • #1,843
  • Aug 24, 2018 9:05am Aug 24, 2018 9:05am
OK after going into the minus for a few minutes for the pullbacks. It took off again in favor of the negative correlation trades... But will promise to leave them running to just before New York closes just to test it... They will do more pullbacks and there will be London profit taking before London close..

P.S This is a test.. Do not trade them
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The most violent element in society is IGNORANCE
  • #1,844
  • Aug 24, 2018 9:07am Aug 24, 2018 9:07am
Powell speaking stay out popping up and down
You win some you loose some do both with peace of mind
  • #1,845
  • Edited 9:24am Aug 24, 2018 9:11am | Edited 9:24am
Quoting magne999
Powell speaking stay out popping up and down
I forgot about the news.... I always forget... The trades just lost $4000 in seconds ;-(

They where $10,000 up... Nice test though.

Ya can't stop me on a roll LOL

Trades posted - Aug 24, 13:29 (1 hr 49 min ago) - Now people say I post trades after the fact... I did those as a test and just randomly took them... Using nothing more then the negative correlated pairs I use for the top/bottom method.. Just took them at a random time with no thought whatsoever.. No logic to it really.. Just shows you proof that the top bottom method works with negative correlated pairs.. I never used any top/bottom in the madness of those trades.

I just opened them with no thought of money flow... Trends.. if they where at a top or bottom. Hitting a pivot or what ever you like to use.

Disclaimer... Yes I am an idiot LOL
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  • #1,846
  • Aug 24, 2018 11:27am Aug 24, 2018 11:27am
Here is a over lay chart indi......

Attached File(s)
File Type: mq4 OverLayChart(2).mq4   9 KB | 579 downloads


Nice thread to the op
Live today like theres no tomorrow-- Prioritize like you will die today
  • #1,847
  • Aug 24, 2018 12:01pm Aug 24, 2018 12:01pm
Quoting iamsovereign
Here is a over lay chart indi...... {file} Nice thread to the op
Oh yes thanks.... I was going to post it but went sleep for a while ;-)

Use https://www.myfxbook.com/forex-market/correlation for the NEGATIVE correlation.
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The most violent element in society is IGNORANCE
  • #1,848
  • Aug 24, 2018 12:06pm Aug 24, 2018 12:06pm
Neil, I wanted to ask you: Do you have (had) any experience with Thomson Reuters "Marketpsych" (a good name for some people here too btw LOL)? It is pretty expensive, but the matter is the quality of informatons delivered....
  • #1,849
  • Aug 24, 2018 12:07pm Aug 24, 2018 12:07pm
Update on test trades. There was mega profit taking at end of London session and pullbacks but as I said I will keep it open to just before New York Closes.
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  • #1,850
  • Aug 24, 2018 12:14pm Aug 24, 2018 12:14pm
Quoting ea0setup
Neil, I wanted to ask you: Do you have (had) any experience with Thomson Reuters "Marketpsych" (a good name for some people here too btw LOL)? It is pretty expensive, but the matter is the quality of informatons delivered....
I think most here use the psychopath platform LOL

I have never used it myself but a lot of big traders, banks, hedge funds use there trading platform and services.. I don't think as individual traders its not worth the high cost to use there services. You will find the edge by using it but wouldn't recommend it for small traders as for the high cost.

Why don't that SKYPE ever work in the U.K

Here is some info from Thomson Reuters. The experts..

Timing trends with sentiment
Media sentiment leads prices. Follow
the trend and time the reversals using
sentiment moving average crossovers.
In the image to the left, when talk about
the S&P 500 turns negative, prices trend
downward. Conversely, rising sentiment
exerts an upward pull on prices. Such
sentiment-based moving averages have
significant forward predictive power in
MarketPsych research. In historical testing,
the Joy TRMI is a key predictor of Apple’s
stock price, while the Price Direction TRMI
is a significant predictor of crude oil.

Would you pay a fortune for that info.... Bloody moving averages. Damn idiots LOL... Ok it started off well until they said moving averages..

Timing trends with sentiment Media sentiment leads prices. Follow the trend and time the reversals using (Negative Correlation) -
The most violent element in society is IGNORANCE
  • #1,851
  • Aug 24, 2018 12:24pm Aug 24, 2018 12:24pm
Quoting neilsdigest
{quote} Love it.... Nice top and bottom as well... I'll look later but it is Friday.. I take the day off from trading unless something good comes along. As well as the negative correlation top bottom chart, I tried this way as well.. Don't take the percent in the watch list as trade signals but you can tell at a glance which pairs negative correlation are working out the best. So if the GBP/JPY is rising we want the USD/NOK to fall - Or as in the case of the watch list GBPJPY+NOKUSD should have a green + (The more the better ) and the GBP/JPY will...
YOU JUST DROPPED BAGS OF GOLD Sifu.
Thank you for that.
  • #1,852
  • Aug 24, 2018 12:40pm Aug 24, 2018 12:40pm
Quoting neilsdigest
{quote} I think most here use the psychopath platform LOL I have never used it myself but a lot of big traders, banks, hedge funds use there trading platform and services.. I don't think as individual traders its not worth the high cost to use there services. You will find the edge by using it but wouldn't recommend it for small traders as for the high cost. Why don't that SKYPE ever work in the U.K Here is some info from Thomson Reuters. The experts.. Timing trends with sentiment Media sentiment leads prices. Follow the trend and time the reversals...

LOL. They are also using a similar Algo: https://arxiv.org/pdf/1010.3003.pdf (as wll as Bloomberg)
  • #1,853
  • Aug 24, 2018 12:48pm Aug 24, 2018 12:48pm
Quoting ea0setup
{quote} LOL. They are also using a similar Algo: https://arxiv.org/pdf/1010.3003.pdf (as wll as Bloomberg)
I will read that later. Thanks...
The most violent element in society is IGNORANCE
  • #1,854
  • Aug 24, 2018 1:24pm Aug 24, 2018 1:24pm
I have a 100% winrate with your method. Thanks again mate.

I am wondering, if the smart money are already back from vacation?
  • #1,855
  • Aug 24, 2018 2:22pm Aug 24, 2018 2:22pm
Quoting tradur
I have a 100% winrate with your method. Thanks again mate. I am wondering, if the smart money are already back from vacation?
Very nice to here... There isnt much money flow after London shut.. They have been trading a lot considering they take long vacations etc this time of year.

It does dry up though after London closes like today. Long weekend here in England and the markets will be shut on Monday.

The test trades still doing, well OK considering I just left them as I did promise to shut them at end of New York... Just no money flowing now. The highest point was $10,000 after two hours.. The news helped there though. The low point on the trades was -$777
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  • #1,856
  • Aug 24, 2018 2:34pm Aug 24, 2018 2:34pm
Quoting neilsdigest
{quote} Oh yes thanks.... I was going to post it but went sleep for a while ;-) Use https://www.myfxbook.com/forex-market/correlation for the NEGATIVE correlation. {image}
Hi Neil, I've tried all kinds of sort routines on the correlation area of myfxbook, but seem to get the same formatted "Top Correlations" listings.
Would you be so kind to show us how to do that?
  • #1,857
  • Aug 24, 2018 2:58pm Aug 24, 2018 2:58pm
Quoting lctrader11
{quote} Hi Neil, I've tried all kinds of sort routines on the correlation area of myfxbook, but seem to get the same formatted "Top Correlations" listings. Would you be so kind to show us how to do that?
You have to click on the pair to get to the negative correlation chart.
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  • #1,858
  • Aug 24, 2018 3:29pm Aug 24, 2018 3:29pm
Duhh! How easy was that? Don't know how I missed that...maybe too obvious. Thanks Neil
  • #1,859
  • Aug 24, 2018 3:42pm Aug 24, 2018 3:42pm
Quoting lctrader11
Duhh! How easy was that? Don't know how I missed that...maybe too obvious. Thanks Neil
Too many brandy's.... LOL

I was just going through the MT4 ones... I missed one today.. Well, one on the daily as was too busy doing other things and never trade Friday after New York opens..
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  • #1,860
  • Edited 4:07pm Aug 24, 2018 3:53pm | Edited 4:07pm
OK this is how the test trades did and closing just before New York closed.. Using nothing but just the negative correlation trades and just took randomly at the same time in the New York session. ... Noticed I said earlier how the GBPJPY hit the top on the H1.... Look how it dropped and ended up being a loss trade.

This was the result at the end of New York session
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