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  • #21
  • Mar 6, 2014 6:05am Mar 6, 2014 6:05am
Quoting IgumzFx
{quote} As we proceed you will understand how it works. I focus mainly on daily and weekly time frame cos the higher the time frame the stronger the swing points. I look at the chart when daily and weekly candle close and open.
More of this explanation sir. I m here to learn.
Thanks!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #22
  • Mar 6, 2014 6:06am Mar 6, 2014 6:06am
Quoting Opemipo
{quote} Ig, If u really want us to follow this thread, you have to explain down to earth as kos so that we can understand u clearly. As far as I m concerned u have not explained anything that has to do with this sys expect u dont want us to know it delibtarely. Pls take it one by one or prepare a pdf on ur comprehensive method or direct us to a link that explains this in clear terms. Hope I have not annoyed u? Thanks!
Just be patient and keep reading what you see.One of the aim of this thread is to let you know the trend direction
  • #23
  • Mar 6, 2014 6:08am Mar 6, 2014 6:08am
Quoting Opemipo
{quote} Go to www.liteforex.com, download thier platform. Once the platform is up and running, click file, select new chart, locate liteforex index, put everything there on ur platform. By this, u will be able to see how each currency behaves. Hope this helps! Thanks!
Thanks Ope but I already have TOO many platforms installed already because I test a lot of systems extensively.

Is this the only way I can get this currency strength meter thingy? (I hope not o!)

Regards,

Ty
My job: I speculate and manage risk.
  • #24
  • Mar 6, 2014 6:15am Mar 6, 2014 6:15am
Quoting TyLamai
{quote} Thanks Ope but I already have TOO many platforms installed already because I test a lot of systems extensively. Is this the only way I can get this currency strength meter thingy? (I hope not o!) Regards, Ty
You can check this site http://www.forexmarkethours.com/correlation/06/
But not in chart rather in percentage.
Go through u ll have some inspiration!
Thanks!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #25
  • Mar 6, 2014 6:22am Mar 6, 2014 6:22am
Quoting TyLamai
{quote} The Currency index? Igz...what currency index? Can you PLEASE explain further? Ty
Currency index is a tool that is use to know the weakness and strength of a particular currency in other to know when to short or long the pair.
For example, we have USD Index. If you USD index is strong we look for bullish set up in USD Base currencies like USDCHF, USDCAD etc and we look for sell set up in USD Counter Currencies like EURUSD, GBPUSD etc.
  • #26
  • Mar 6, 2014 6:32am Mar 6, 2014 6:32am
Quoting Opemipo
{quote} You can check this site http://www.forexmarkethours.com/correlation/06/ But not in chart rather in percentage. Go through u ll have some inspiration! Thanks!
The concept of Currency Index is to understand when a particular currency is weak or strong not correlated and non correlated pairs.
If you pair two currencies that are strong or both are weak, the pair will not trend but it will range. For pairs to trend very well one of the currency must be strong and the other weak and vice visa.
  • #27
  • Mar 6, 2014 6:53am Mar 6, 2014 6:53am
Quoting IgumzFx
{quote} Currency index is a tool that is use to know the weakness and strength of a particular currency in other to know when to short or long the pair. For example, we have USD Index. If you USD index is strong we look for bullish set up in USD Base currencies like USDCHF, USDCAD etc and we look for sell set up in USD Counter Currencies like EURUSD, GBPUSD etc.
Yes Igz, I figured that part out. The question that begs asking is:
Where can I get this "tool"?
Thanks.
Ty
My job: I speculate and manage risk.
  • #28
  • Mar 6, 2014 6:54am Mar 6, 2014 6:54am
Quoting Opemipo
{quote} You can check this site http://www.forexmarkethours.com/correlation/06/ But not in chart rather in percentage. Go through u ll have some inspiration! Thanks!
Am there now. Thank you Ope.

Ty
My job: I speculate and manage risk.
  • #29
  • Mar 6, 2014 8:15am Mar 6, 2014 8:15am
Quoting IgumzFx
{quote} The concept of Currency Index is to understand when a particular currency is weak or strong not correlated and non correlated pairs. If you pair two currencies that are strong or both are weak, the pair will not trend but it will range. For pairs to trend very well one of the currency must be strong and the other weak and vice visa.
Then help us with this currency tool with clear explanations.
Thanks!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #30
  • Mar 6, 2014 8:30am Mar 6, 2014 8:30am
Quoting Opemipo
{quote} Then help us with this currency tool with clear explanations. Thanks!

have a look in here and you can see for yourself, click on a few links to broaden your knowledge

http://www.forexticket.com/en/forex-charts/c-index
  • #31
  • Mar 6, 2014 9:48am Mar 6, 2014 9:48am
Quoting Blaiserboy
{quote} have a look in here and you can see for yourself, click on a few links to broaden your knowledge http://www.forexticket.com/en/forex-charts/c-index
Thanks!
I hope Ig will come up with what he uses and explanation.
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #32
  • Mar 6, 2014 9:59am Mar 6, 2014 9:59am
Quoting Opemipo
{quote} Thanks! I hope Ig will come up with what he uses and explanation.
one day you will decide to actually learn for yourself, I think it is a bit unfair and unproductive that you are continually expecting others to spoon feed you, you will never learn as long as you continue to rely on others.

What he is doing is available for you to learn on the net, all you have to do is use google, that is what he had to do to learn and that is why he is so expert at what he does.
  • #33
  • Edited 12:25pm Mar 6, 2014 12:03pm | Edited 12:25pm
Quoting Blaiserboy
{quote} one day you will decide to actually learn for yourself, I think it is a bit unfair and unproductive that you are continually expecting others to spoon feed you, you will never learn as long as you continue to rely on others. What he is doing is available for you to learn on the net, all you have to do is use google, that is what he had to do to learn and that is why he is so expert at what he does.
When someone starts a thread he is expected to clearly spell his style and method of trading. Mine u, it is not that I dont know where and what to do, I just behave as knowing nothing so that others can learn from the questions.

I have continuously noticed u that u like attacking me so much. I read with pain of a lot of insults you rained on me when kos banned me. I felt u re just a like that. It is a pity that u have attacked me again. U do not seem to know why I asked even the most simple question. U think I m so dull.

Have a lot a the chart below, JPY has been on buy since March 4. Check all the JPY pairs since then u ll see what I m saying. This is just to show u that I know what is saying and what I m doing.

For this constant embarrassment from u, I have decided to be passive. I promise u, u ll not see me post on this thread and kos again.

Good bye, good nite!!!!

Thanks!
Attached Image (click to enlarge)
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I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #34
  • Mar 6, 2014 1:38pm Mar 6, 2014 1:38pm
Hey Blaiserboy & Opemipo let's take it down a notch or two - BOTH of you are correct BUT...

I agree MORE with Ope because what he is doing by asking these seeming Noob questions is trying to get the original poster (i.e. Igz) to further clarify on the RULES and TOOLS of his trading system so that the traders who will NO DOUBT come here in the near future will have a CLEAR system to follow and profit from.

Where I do not agree with you Blaiserboy is jumping into conclusions before doing your due diligence...DON'T assume someone is lazy because YOU FEEL he has asked too many questions. If this was your thread I wouldn't call you out but guy, it isn't. IF Igz has an issue with Ope - it's HIS PLACE as the OP to raise it - not yours.

As for you Ope...I DON'T think you should allow what ONE guy (or what ONE MILLION GUYS for that matter) say / think about your actions DETERMINE your reactions. So what if we DON'T agree with your methods or actions?

Guy, post to help OTHERS - and NOT to please A FEW.

They are people who depend on you on Kos' forum and they will too here so abeg post when you have to okay?

Regards,

Ty
My job: I speculate and manage risk.
  • #35
  • Mar 6, 2014 1:43pm Mar 6, 2014 1:43pm
By the way, I am ALSO NOT the OP so the above is SIMPLY my "two cents" and I may actually be TOTALLY WRONG so...

- Take it IF it works for you OR
- Ignore it IF you think it's thrash

Regards,

Ty
My job: I speculate and manage risk.
  • #36
  • Mar 6, 2014 2:28pm Mar 6, 2014 2:28pm
Quoting Blaiserboy
{quote} one day you will decide to actually learn for yourself, I think it is a bit unfair and unproductive that you are continually expecting others to spoon feed you, you will never learn as long as you continue to rely on others. What he is doing is available for you to learn on the net, all you have to do is use google, that is what he had to do to learn and that is why he is so expert at what he does.
I post when there is a good set up so keep your eyes on the thread.
I don't believe in taking too much but actions.
March 07,2014 is NFP after that we will continue thank you
  • #37
  • Mar 7, 2014 5:10am Mar 7, 2014 5:10am
Quoting TyLamai
Hey Blaiserboy & Opemipo let's take it down a notch or two - BOTH of you are correct BUT... I agree MORE with Ope because what he is doing by asking these seeming Noob questions is trying to get the original poster (i.e. Igz) to further clarify on the RULES and TOOLS of his trading system so that the traders who will NO DOUBT come here in the near future will have a CLEAR system to follow and profit from. Where I do not agree with you Blaiserboy is jumping into conclusions before doing your due diligence...DON'T assume someone is lazy because YOU...
I Concur with what TY has said. Ope why let some one throw you off course, who ever told you that you can please every one in life, if that is what you have been trying to do, sorry to say, you will always fail if you keep trying to please every one. There are a lot of people here from different background and works of life that will always differ in points and views but we still get along and trade this market called FOREX.

If you have a firm belief in what you are doing and it is for the humman good and all new traders alike, why let the opinion of just one person change that then? I also see where Blaiserboy is coming from but your explanation Ope makes sence. Stick around, keep doing what you are doing, if you take a step in life and fall to the ground, it is what you do there while on the ground that counts, do you stay fallen or do you get up and keep walking is the question.

So I say to you, get yourself up and keep running simple as that or you will fail if you get too emotional with Criticism as in every life endevour, you will always face Critics here and there. Never let that deter you from your goals or beliefs.

I rest my case. As always, all the best and I look foward to seeing you around.
Born to rule my Economic World and Make a Difference!
  • #38
  • Edited 6:32pm Mar 7, 2014 11:43am | Edited 6:32pm
Quoting sharemaster2
{quote} I Concur with what TY has said. Ope why let some one throw you off course, who ever told you that you can please every one in life, if that is what you have been trying to do, sorry to say, you will always fail if you keep trying to please every one. There are a lot of people here from different background and works of life that will always differ in points and views but we still get along and trade this market called FOREX. If you have a firm belief in what you are doing and it is for the human good and all new traders alike, why let the...
Trading is not easy and you guys know that for sure.Adding issues to it makes it more complex
What both of you said are correct
Ope, I will advise you to be patient cos the thread is still new. No trader can cover Pure Price Action in one or two days.
But the purpose of this thread is not to start training people cos I will need a screening sharing software to take you through Price Action.But to give out trend directions. I don't use Custom indicators but to sell at Resistance and buy at Support using candle reversal and continuation patterns.
  • #39
  • Mar 7, 2014 1:30pm Mar 7, 2014 1:30pm
Ty, Share and Ig thank u so much for your real concern abt me. Primarily, I just wanted to hear what u guys would say if something like that happens in real life. U have shown to me that I belong to wise companies.

We all are friends trying to provide ourselves alternative means of income. We should not fight no matter what happens!

Pls note I m no more angry with Blaiserboy whether he apologies or not. We are here to help one another and help oncoming traders when we are long gone on earth.

Thanks my good friends!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #40
  • Mar 7, 2014 7:44pm Mar 7, 2014 7:44pm
Currency Strength and Weakness for March 10, 2014

Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT.

STRENTH: JPY and USD
WEAKNESS: AUD, CAD and NZD

Trend Direction

BULLISH: GBPAUD, GBPCAD, USDCHF, USDCAD, GBPNZD and EURNZD

BEARISH: AUDJPY, AUDUSD, AUDCHF, CADJPY, GBPJPY, EURJPY,
NZDJPY, EURUSD, GBPUSD, NZDUSD and NZDCHF

Please note that this trade direction is valid within 24 hours from the post date. Ensure you apply your trigger wisely.
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