Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

currency strength meter for daily chart 2 replies

Individual Currency Strength indicator 1 reply

FXGrail - currency strength correlation 2 replies

Derived Currency Strength Indicator from multiple pairs 0 replies

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

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

Quoting neilsdigest
I have left this forum now but one last post.. . There are some great people but a lot of said people and ones full of hate.. I can tell a good trader here by there posts etc... If any one cannot get this from these two charts. It isnt rocket science. You do not need years of years of back data.. When was this thread started.. Ive was doing it five years before I even asked OSjoe2 to open that thread... Myfxbook goes back years.... MT4 chart history goes back years. If anyone here can prove for real that the two charts below are not real, made up,...
Thanks Neil you've gone out of your way to give the best. Maybe the nay sayers are paid MM trolls.

The EA of this system will you kindly post it.
Does it work as multi-pair trader or only on single pairs.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
Attached Image


https://twitter.com/fxcm_marketdata?lang=en
I’m getting PMs asking me when to enter....

Folks, I don’t proclaim to be an expert and I too get drawdown and occasionally pull a bad trade. I learnt through practice, although I have shared my views on how to determine entry points a myriad of times.

If you’re asking when to enter trades I believe you should be demo trading only. I also mentioned when and how to enter literally only several posts ago.

Please dont be lazy, read.

Spend time with the charts. That’s when you learn the most. See how price reacts to order imbalance then you’ll understand it. You’re asking how to drive a car without being willing to hold the wheel and feel the pedals.
Neil has delivered to us the basis of a very successful trading strategy, for which I will be ever thankful. I am deeply humbled by his unselfish attitude in sharing publicly this strategy that could earn a trader massive amounts of money, without selling his ideas or charging a single cent for this invaluable information.
It is up to each one of us to now fine-tune his ideas and develop our own entry and exit signals and our own MM strategy to create a complete trading system which I am very confident will give us a winning edge in the market. Will we still experience losses - of cause we will which Neil himself has admitted but using the contrarian approach to trading, we can stack the odds in our favor which is more than good enough to make us successful.
Unfortunately there are some here that will wait for the next piece of information from the valuable contributors to this tread to hand hold and spoon feed them. With this thread now being shut down, they will ultimately leave this strategy in search of the next one where they can be spoon fed. Then there are the others that will research and refine further to ultimately become consistently profitable traders. Which one are you? It's your choice.
What is NOT moving the market? Technical indicators.
Quoting Neogenesis
I’m getting PMs asking me when to enter.... Folks, I don’t proclaim to be an expert and I too get drawdown and occasionally pull a bad trade. I learnt through practice, although I have shared my views on how to determine entry points a myriad of times. If you’re asking when to enter trades I believe you should be demo trading only. I also mentioned when and how to enter literally only several posts ago. Please dont be lazy, read. Spend time with the charts. That’s when you learn the most. See how price reacts to order imbalance then you’ll understand...
Agree. Practice makes perfect. I in fact entered once again incorrectly on the GBP pairs. Now I have moderate DD and also I need to be more patient. Again, practice makes perfect.
Quoting neilsdigest
I have left this forum now but one last post.. . There are some great people but a lot of said people and ones full of hate.. I can tell a good trader here by there posts etc... If any one cannot get this from these two charts. It isnt rocket science. You do not need years of years of back data.. When was this thread started.. Ive was doing it five years before I even asked OSjoe2 to open that thread... Myfxbook goes back years.... MT4 chart history goes back years. If anyone here can prove for real that the two charts below are not real, made up,...
To Neilsdigest,
Thank you for everything ! To the non believers, thank you too! I'm more than happy to take your money!
Trade what "Is", not what "If".
Attached Image
What is NOT moving the market? Technical indicators.
GBPUSD is retracing nicely, as is EURGBP

USD pairs have imbalances of over 90%

Draw support and resistance, what happens when price attempts to break resistance multiple times and fails? Price balloons down. Be patient...

Fxbarwise, where’s that sentiment from?

I did say I’m off shortly for a hiatus and I will be. :-)
Quoting Neogenesis
GBPUSD is retracing nicely, as is EURGBP USD pairs have imbalances of over 90% Draw support and resistance, what happens when price attempts to break resistance multiple times and fails? Price balloons down. Be patient... Fxbarwise, where’s that sentiment from? I did say I’m off shortly for a hiatus and I will be. :-)
This is a tweet form FXCM twitter account :- https://twitter.com/FXCM_MarketData/status/1160810665919033344
What is NOT moving the market? Technical indicators.
https://plus.dailyfx.com/fxcmideas/intraday-story.do?storyName=/dailyfxplus/intraday-ssi/2019/08/12/IGCS_2019-08-12_2462432.html
Trade what "Is", not what "If".
Testing entry and exit points. This is a short on GBPUSD - looking promising.
Attached Image
What is NOT moving the market? Technical indicators.
Be careful. This is where you can get stung.

What microtrend is that? Up or down? It’s up! What if the next bars print up? You’re trapped...

It’s climbed out of resistance, what’s key to know is where it heads next. Does it break through resistance and go up? Or break support on the way down?

Old school price action following is critical when looking at entries.

Also, what’s the blue indicator at the bottom? It’s also pointing upwards. Don’t sell into buying pressure, you don’t know how high it will go.
And another one on AUDCAD...
Attached Image
What is NOT moving the market? Technical indicators.
Quoting Neogenesis
Be careful. This is where you can get stung. What microtrend is that? Up or down? It’s up! What if the next bars print up? You’re trapped... It’s climbed out of resistance, what’s key to know is where it heads next. Does it break through resistance and go up? Or break support on the way down? Old school price action following is critical when looking at entries. Also, what’s the blue indicator at the bottom? It’s also pointing upwards. Don’t sell into buying pressure, you don’t know how high it will go.
Neo, thanks for your feedback.
This pair is in a downtrend - look at the RSI. According to myfxbook outlook 18% of traders are short on the pair. I view this as a retracement of the downtrend.
What is NOT moving the market? Technical indicators.
I don’t disagree with you.

However:
- I’ve seen longs decrease by a few %
- Price is moving up on 1hr
- RSI went from 30 to 34 (and seems to be still going up)

It should go back down; you’re looking for optimum entry. Gain your conviction from daily charts, drop to the 1hr for entry confirmation. Never short when a market is on its way up.

There will be times the market catches you out, even when the numbers line up. Stay in the overall trend, but stay in the micro trends too. If it’s retracing up, don’t jump in too early.

What I would be waiting for here is a break of 1hr support/resistance.

Never respond too early and always try to piggy back on a trend, not ride against it.
Nice try stimpy

https://www.google.com/search?rlz=1C1CHBF_en-GBGB798GB798&biw=1366&bih=657&ei=pMRRXevzNcGe1fAPzbCxyAE&q=venividivici+forex&oq=venividivici+forex&gs_l=psy-ab.12...0.0..12190...0.0..0.0.0.......0......gws-wiz.........12%3A0j13%3A0.lom8Iwf5JDY&ved=0ahUKEwjr1bP2jv7jAhVBTxUIHU1YDBk4ChDh1QMICg

Try and pick out one... or are they all me?

Im in the uk, London to be exact, if you want and come and talk to me ill make some time for you.

Stimpy virgin boy, heres a contrarian trade I took last week from a real account from Neils marvelous method.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 92 KB


enjoy fiddling to that young chap.

Go on young virgin, run off to your little page again and rage a little more through your keyboard. lmfao.
Folks, I think to write an internet blog and harass someone online there’s a serious degree of mental illness involved.

I am not sure fighting fire with fire is the best approach.
Based on currency strength, its still a risk off continuation scenario;

Attached Image


News for GBP, EUR and USD tomorrow.

Trade cautiously.

Watchlist : GBPAUD Sell
D labour of a fool wearieth him cos he doesn't know how to enta d city
Just thought to share some vitals from Neils's strategy that can be used in your daily,weekly and monthly analysis to earn decent income. One thing that is constant is the retail positioning from myfxbook and currency strength, every other thing confirms or invalidates this. As I trade kinda of long term I will sight a weekly example. For instance, as at end of last week, we look at our currency strength indicator (which ever one you use) and determine weak vs strong as shown below;

Attached Image


As you can see above, the week ended on a risk off mode (CHF and JPY strongest pair) due to developments in the global macro arena and with no end in sight yet. Then you check myfxbook and see positioning for the strongest and weakest pair (NZDCHF retail is about 80% long NZD). You can check for more pairs if you have the time. There should be a way to analyse this that will give you the probable best trade of the week, not there yet but I will keep watching.

From the analysis above, we have a directional bias in favour of CHF, every other tool we will use to validate or invalidate our bias. If you check the calendar for the week there is no major news on this pair so you will expect this trend to continue. What is left assuming risk management is in place is to determine the optimal entry point (this is where you need skill/edge). I will share a couple of entries;

1. Enter at the open on sunday
2. Set a sell stop at the low of the week for a break of last week's low
3. Monitor the stochastic on 30mins/1 hr and enter once it starts turning downwards

Of the three entries option 3 and 1 will have been in the money as at the typing of this email.

In terms of profit target consider ADR (5,10 and 20), recent lows/high/highest close/open. I also use other tools that is not necessary mentioning here

I believe if you follow this logic of analysis you can extract something decent from the market week on week. Also some of the tools Neil mentioned can be used to validate your bias.
D labour of a fool wearieth him cos he doesn't know how to enta d city
0 traders viewing now