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

  • #2,421
  • Aug 5, 2019 2:09am Aug 5, 2019 2:09am
Quoting frostypips
{quote} Of course it doesn't work xD xD xD It seems we're now shitting money hahaahaa {image} {image}
Its all a lie, a lie!

Who wants to buy my trading system for £1? I am genuine Nomura employee 20 year trade v good yes all enrollees to [email protected]
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  • #2,422
  • Aug 5, 2019 2:14am Aug 5, 2019 2:14am
I tried something just for fun last night.

I have a lot of books to read on position sizing but haven’t managed to find the time. So I played with my own ideas. I will generally scale from ATR/R multiple values anyway.

However, I opened microlots on about 8 trades to see which ones would fail/thrive. So if you lose and the market goes against you - no big deal, you’re losing £1 per trade. Then I significantly added to them based on performance.

Cant really decide if it was worth it. With an automated system that increases position size exponentially upon reaching 5 pips I think it would be. Scaling is key to not losing.

edit: lovely, money flow increasing on eurgbp. I’ll be staying out there for a while. SL moves to break even.

Think I’ll down tools and move to Weston Super Mare at this rate...
  • #2,423
  • Aug 5, 2019 4:53am Aug 5, 2019 4:53am
Nothing to see here.... It doesn't work...

In my defence, your honor, I only lied once.... And that was that the system works.... Well it doesn't...

Guilty as charged.. You are sentenced to life living in Western Super Mare.. OH your honor, can I have the death sentence instead.....

Ok, the EA closed all the JPY trades for a big profit. Its having a rest now and only has the one it shouldnt off opened till London opened... That's only up £400 per lot... Not good enough, it's useless.

Ok then Scammer Neil, everyone could of opened those JPY pairs last night.. Your honor, before you give me the injection can I just state, it never worked on the other pairs that had a good RSI rating and a 100% trend rating. This was the real one and not testing a stupid, scam EA.

Guilty as charged. Better check my emails incase either the FCA or Morgan Stanley want me !

Your honor... Please dislike this post as well. I thought it was the psycho's friend, Ross88

Any complaints, please email forexscambusters at gmail dot com.
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The most violent element in society is IGNORANCE
  • #2,424
  • Aug 5, 2019 4:54am Aug 5, 2019 4:54am
Quoting Neogenesis
{quote} Its all a lie, a lie! Who wants to buy my trading system for £1? I am genuine Nomura employee 20 year trade v good yes all enrollees to [email protected] {image}
SCAMMER LOL

Seriously though keep it up... I need more sleep. Long drive to Western Super Mare tomorrow.. If the suns out.
The most violent element in society is IGNORANCE
  • #2,425
  • Edited 5:45am Aug 5, 2019 4:59am | Edited 5:45am
Quoting neilsdigest
Nothing to see here.... It doesn't work... In my defence, your honor, I only lied once.... And that was that the system works.... Well it doesn't... Guilty as charged.. You are sentenced to life living in Western Super Mare.. OH your honor, can I have the death sentence instead..... Ok, the EA closed all the JPY trades for a big profit. Its having a rest now and only has the one it shouldnt off opened till London opened... That's only up £400 per lot... Not good enough, it's useless. Ok then Scammer Neil, everyone could of opened those JPY pairs...
Good one Neil, but who we are all amateurs against the fact they have got 62 years trading experience (sic) . There is no evidence for such claim, but who cares they are only ones who can judge others and who told you and everyone from the beginning .. eh whatever
  • #2,426
  • Aug 5, 2019 6:14am Aug 5, 2019 6:14am
Here is one for all the doubters... A simple method. Set it and forget it. Use small trading account.

An example of many.

https://www.myfxbook.com/community/outlook/GBPJPY

Posted below..... I got called time after time I was lying about this one.

The GBPJPY has been in a big downtrend since May 7th... Retail started buying it.. There are still more buyers then sellers and hasnt been more sellers then buyers since said date.

My psycho blog poster said what a load of rubbish. He lies again. For reasons unknown he has disapeared. (I'm innocent by the way your honor)

Let's take a look at the candle chart of said pair on tradingview and the myfxbook SSI...

How can it be a lie when you can go check it yourself..

Open a micro lot account if you want and when the SSI changes trade against it.. You will have some losers but every now and again you will be in those massive trends and make a fortune. Yes, even with a micro account. Set it and forgot it.

If you are young now.. What have you to lose but some cash you would probably waste anyway on drink, drugs or what ever you do with it.. Invest it and when you get to a good age you will enough money to do what you want.. Travel the world.. Go to every mental institute in the world and call everyone Stimpy. How fun would that be?

Retail traders are creatures of habit. They go against the real trend... You losses will be small and if the trend starts going there way they will start going the other way.. You will follow the real trend and go against retail traders. Your winners will massivly outway your losers even if you have just a 20% success rate as you will get those massive long trends and your losses will be cut short.

Please send one million peanuts to forexscambusters at gmail dot com and complain if this isnt a true fact.

Competition time.. How many real pips has that GBPJPY trade made.. Answers on a post card only.
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The most violent element in society is IGNORANCE
  • #2,427
  • Aug 5, 2019 2:13pm Aug 5, 2019 2:13pm
EUR/GBP technical analysis: Euro on fire against Sterling, hits a new 2019 high
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The most violent element in society is IGNORANCE
  • #2,428
  • Edited 2:51pm Aug 5, 2019 2:26pm | Edited 2:51pm
Quoting neilsdigest
EUR/GBP technical analysis: Euro on fire against Sterling, hits a new 2019 high {image}
Neil, how could you? It does not work at all. Will you give me my money back ? Oh wait....
(it's a pity I came quite late to the party though ….)
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  • #2,429
  • Aug 5, 2019 3:08pm Aug 5, 2019 3:08pm
Quoting mcquak
{quote} Neil, how could you? It does not work at all. Will you give me my money back ? Oh wait.... (it's a pity I came quite late to the party though ….) {image} {image}
Awesome going.... Here is another one as it doesn't work LOL.

USD/CHF technical analysis: Swiss franc soars as the trade war worry investors.

P.S I can't give you your money back. I spent it on chocolate ;-)
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The most violent element in society is IGNORANCE
  • #2,430
  • Aug 5, 2019 3:14pm Aug 5, 2019 3:14pm
Quoting neilsdigest
I can't give you your money back. I spent it on chocolate ;-)
Hmmm, you are investing also in commodities ….
  • #2,431
  • Aug 5, 2019 3:23pm Aug 5, 2019 3:23pm
Quoting mcquak
{quote} Hmmm, you are investing also in commodities ….
Funny you mention that. It's how I started. With commodities especially concentrated orange juice on the futures market. One year Florida had the biggest frost they have ever had and the price of it went through the roof. Still miss it but forex it is for now.

Seems like a lifetime ago now.
The most violent element in society is IGNORANCE
  • #2,432
  • Aug 5, 2019 3:34pm Aug 5, 2019 3:34pm
WTI on the back-foot in huge risk-off session - Biggest decline of the year for S&P 500

It had to go somewhere.. JPY/CHF/Gold
The most violent element in society is IGNORANCE
  • #2,433
  • Aug 5, 2019 6:20pm Aug 5, 2019 6:20pm
I get really frustrated when I miss out on profits. Should have had the s&p down easy. Grr, can’t play them all though.

Did Hanover or someone else share the link to FerruFX’s strength indicator? Sorry I’m getting lost in all the posts and have been scrolling. If anyone has a quick link would be appreciated.

Loads of good setups readying themselves with retracements ready for a big whoop. Trumps comments have given the market some much needed volatility.
  • #2,434
  • Edited 7:07pm Aug 5, 2019 6:31pm | Edited 7:07pm
Quoting Neogenesis
I get really frustrated when I miss out on profits. Should have had the s&p down easy. Grr, can’t play them all though. Did Hanover or someone else share the link to FerruFX’s strength indicator? Sorry I’m getting lost in all the posts and have been scrolling. If anyone has a quick link would be appreciated. Loads of good setups readying themselves with retracements ready for a big whoop. Trumps comments have given the market some much needed volatility.
More will come.. I dont trade all the time. To be honest I get fed up with it. To much to do and sort out. I havnt got in touch yet with Ferrfx as I forgot. I must ask his permission if I can post it as I have the mq4 as I found it and changed some code in it. As it's his copyrighted indicator I don't just want to post it here.

I will ask him but will have to turn on my PM's - Update: Like myself he doesnt have his Pm's on

It was a great day.. The S&P... Signals where there as as lot of money went into the JPY last night (Asian sesssion) and flowed into Gold/CHF in London/New York session.
The most violent element in society is IGNORANCE
  • #2,436
  • Aug 5, 2019 11:42pm Aug 5, 2019 11:42pm
Quoting Neogenesis
I get really frustrated when I miss out on profits. Should have had the s&p down easy. Grr, can’t play them all though. Did Hanover or someone else share the link to FerruFX’s strength indicator? Sorry I’m getting lost in all the posts and have been scrolling. If anyone has a quick link would be appreciated. Loads of good setups readying themselves with retracements ready for a big whoop. Trumps comments have given the market some much needed volatility.
FerruFx's strength meter can be found here. (https://www.forexfactory.com/showthread.php?t=565276)
  • #2,437
  • Aug 6, 2019 12:38am Aug 6, 2019 12:38am
Quoting hanover
Honestly, I intend to leave, but I felt it would be irresponsible not to post some final words of caution
Great post H. Totally agree with your findings. :-)
  • #2,438
  • Aug 6, 2019 3:36am Aug 6, 2019 3:36am
Quoting neilsdigest
{quote} Awesome going.... Here is another one as it doesn't work LOL. USD/CHF technical analysis: Swiss franc soars as the trade war worry investors. P.S I can't give you your money back. I spent it on chocolate ;-) {image} {image}
When do we start taking trades contrary to retail traders? Do we wait for price to return to its moving average to see if it retrace.. Are we trading intraday?

Thanks!
  • #2,439
  • Aug 6, 2019 3:45am Aug 6, 2019 3:45am
Quoting hanover
This tells me that retail volumes are no more a leading indicator than a strength meter that gains its values from a study of historical price; they are merely a confirming indicator, and offer little more than a simple TA/PA based trend following strategy.....{image}
It would make sense that retail volume would be a lagging indicator.
Up moves are fuelled by sellers whose stops are being triggered and are forced to become buyers, institutions are not the ones buying at higher and higher prices. The momentum algorithms are programed to trend trade and to detect weakness and will keep on pushing the sellers over as they become the weak handed traders.

Once there are no more sellers it will take awhile for the institutions to distribute the last of their positions and then accumulate to become net short and repeat the process all over again.
Boxing clever since 76.
  • #2,440
  • Aug 6, 2019 4:27am Aug 6, 2019 4:27am
Quoting neilsdigest
Hidden

I have had no contact with you since may anyone can check my posts to verify this!!! I have had no contact with Stimpy since I made a shout on his profile

As I have had no contact with you since you May I will continue to have no contact I am only responding to this message of yours because you said you're going to pay me a visit in real life
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