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  • #61
  • Dec 3, 2021 4:26am Dec 3, 2021 4:26am
Quoting JotaP
This is the current Daily Relative Currency Strength: {image} I am mostly a Fundamental Analyst and Price Action trader and only use a couple of helper tools, my Currency Strength Indicators included. I believe that the market is all manipulated, the trader most endeavor to guess what is being prepared behind the scenes and how it will affect his/her trading choices. This week I got it all right, some weeks I may fail some projections. Trading is a game of skill, we will never get it 100% right all the time, but important is turn the odds in our...
I like you approach, I like your results.

I will look forward for the weekly outlook this weekend.
Always ready to help
  • #62
  • Dec 3, 2021 8:01am Dec 3, 2021 8:01am
Quoting PaulMF
{quote} I like you approach, I like your results. I will look forward for the weekly outlook this weekend.
Since NFP was below expectations, the trend shall continue. US indices will continue sliding down. After OPEP+ meeting, oil will try to push up but there are not many conditions to succeed. USD is strong and I may expect another EURUSD dip to take place (they just have to sell the EUR they purchased recently, I believe) but that does not appear to be a FED priority. Let's see.
Follow your guts, if you want to lose your money...
  • #63
  • Dec 11, 2021 2:32am Dec 11, 2021 2:32am
Quoting JotaP
{quote} Since NFP was below expectations, the trend shall continue. US indices will continue sliding down. After OPEP+ meeting, oil will try to push up but there are not many conditions to succeed. USD is strong and I may expect another EURUSD dip to take place (they just have to sell the EUR they purchased recently, I believe) but that does not appear to be a FED priority. Let's see.
The spread of optimistic news about Covid (probably fake, let's see) actually moved stocks up and oil followed. But oil is facing a serious resistance to overcome the $73 barrier. The powerful US energy sector demands oil to go up, otherwise FED would have already killed its ascension ambition.

EURUSD continues in the range, but broad enough for traders to make good pips on it. The general trend is down, it is just consolidating, in other words trying to lure traders into believing the decisive breakout may be in either direction.
Follow your guts, if you want to lose your money...
  • #64
  • Dec 13, 2021 5:26am Dec 13, 2021 5:26am
Quoting JotaP
{quote} The spread of optimistic news about Covid (probably fake, let's see) actually moved stocks up and oil followed. But oil is facing a serious resistance to overcome the $73 barrier. The powerful US energy sector demands oil to go up, otherwise FED would have already killed its ascension ambition. EURUSD continues in the range, but broad enough for traders to make good pips on it. The general trend is down, it is just consolidating, in other words trying to lure traders into believing the decisive breakout may be in either direction.
I agree. Covid news are inconsistent, one just have to follow them in order to be aware of the sentiment.
Always ready to help
  • #65
  • Dec 16, 2021 1:19pm Dec 16, 2021 1:19pm
How is it going this week? Any updates?
Always ready to help
  • #66
  • Edited 7:29am Dec 17, 2021 6:10am | Edited 7:29am
Quoting PaulMF
How is it going this week? Any updates?
This week we have seen expectations concerning Central Banks interest rates, causing pre-News speculative moves.
In the end much stayed the same, BoE small change will have no practical effect on GBP.

The trend for US indices continues downwards, for now Oil price is sustaining Dow and S&P500, then they will fall more clearly.

Commodity currencies pairs will move accordingly, taking also into account the USD strength.

Technological indices may be more resilient (eventually), after all the US is a services economy not a manufacturing economy.

I still believe EURUSD may make a significant exploratory move downwards this year (but will pullback again). There are still too many sellers and these moves are very expensive for FED (in particular with interest rates unchanged in a climate of high inflation). No doubt, if left freewheel EURUSD will go up and up but FED can't allow that.
Follow your guts, if you want to lose your money...
  • #67
  • Edited 10:57am Dec 26, 2021 10:41am | Edited 10:57am
On EURUSD, and as expected, we have seen a significant exploratory move downwards of more than 100 pips, then a pullback.

Till the end of the year, I believe EURUSD will continue on the upper side of the range, eventually making a false breakout north.

Same reasoning applies to GBPUSD and AUDUSD.

Indices will definitely continue downwards, no illusions here, everybody knows that (I think).

Oil will have to fall again soon, it just tried to breakout up, but no sustainability for its ambitions.

The year 2022 does not look good, but there are always great opportunities for speculative traders (hum, like ourselves).
Follow your guts, if you want to lose your money...
  • #68
  • Jan 23, 2022 2:08am Jan 23, 2022 2:08am
Looking at the latest post dated 26th December, things went mostly according to expectancies but a couple of notes are in order:

1) GBP has stayed overvalued during the time range - a valuation strategy based on financial manipulation without sound economic support. This makes imports less expensive, though. Sure thing, exports more expensive as well, but what exports?

2) Oil moved above what I was expecting. Most US industrial activity is Oil related, so there is an obvious USD currency strength bias to support Oil prices. I still think this is not sustainable, the truth always comes out.

Below is the Daily Currency Strength Chart for the past 30 trading days, the progress is a clear open book. Infer the future with some degree of risk is what trading is all about.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 176 KB
Follow your guts, if you want to lose your money...
  • #69
  • Jan 23, 2022 10:47am Jan 23, 2022 10:47am
Came across this thread by accident.
I'm in the 1st third, read on later. Trading approaches are extremely well described and developed.
The best thread I've read in the last year.
My trading decisions are also closely linked to currency correlations. Small hint: https://www.forexfactory.com/thread/post/13770063#post13770063
I used Stooq.pl as an alternative because I don't like the MT4 variants that much either.
Hanover developed a usefull Corr_Indicator too.

I will soon be happy to use your presentation for 14 days. Of course, I also agree in gererally with MM , Tradingtimes, ATR.
Unfortunately, I'm not as mathematical and IT-savvy as you, but I see the essence of trading (from experience) as well as you described.

Thanks Jota, really excellent.
  • #70
  • Jan 25, 2022 11:18pm Jan 25, 2022 11:18pm
Quoting Isabella_D
Came across this thread by accident. I'm in the 1st third, read on later. Trading approaches are extremely well described and developed. The best thread I've read in the last year. My trading decisions are also closely linked to currency correlations. Small hint: https://www.forexfactory.com/thread/post/13770063#post13770063 I used Stooq.pl as an alternative because I don't like the MT4 variants that much either. Hanover developed a usefull Corr_Indicator too. I will soon be happy to use your presentation for 14 days. Of course, I also...
Thank you for your comments, not a lot of people have foresight in this sort of things, so you are a real exception.
I am sure I am on a good track, and every day more so. My battle is to obtain better results with the available data and filter out all the noise and misleading information.
That is it.

Currently, I am not not making the software directly downloadable from the website. Message me, and I will provide a link for the full featured demo.
The retail price may be considered high, but I will provide a discount or may even offer for free. I am more interested in making sure intelligent people uses it than in having profit with it.

Have a good day.
Follow your guts, if you want to lose your money...
  • #71
  • Edited Jan 27, 2022 7:03am Jan 26, 2022 12:17pm | Edited Jan 27, 2022 7:03am
Interesting video produced by a customer named Carlos (not his voice, though)

https://www.youtube.com/watch?v=ZoopiqJ6eME

Thank you Carlos!
Follow your guts, if you want to lose your money...
  • #72
  • Feb 21, 2022 12:21pm Feb 21, 2022 12:21pm
For a good number of weeks I have been providing my best explanation of the capabilities of the software.
Not much more to emphasize, although I could repeat myself, something I will better not do.
People interested in testing the software, should contact me first from the website, so that I can provide a download link.

For a long time, people have seen me posting Trade Explorer trials of FTMO challenges and wondering the reasons I was not doing real challenges, if I was so good. They were right and in reality I started this year doing real prop firm challenges (not only FTMO)

I am not going to report each and every case, far from that, just this time I will leave here the result of my first real FTMO challenge.

Attached Image
Follow your guts, if you want to lose your money...
  • #73
  • Last Post: Mar 5, 2022 4:26am Mar 5, 2022 4:26am
So JotaP's membership is revoked? Good. FF will be a better place without this scammer.
You have to have an IQ higher than 90 to interact with this user.
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