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WWW power (daily COT)

  • #21
  • Apr 8, 2015 9:40am Apr 8, 2015 9:40am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Namor
Hi sym, It is a great system. Today I tried EURUSD according to your system. +40pips. Are you going to reveal the indicator? Best wishes.
Hi, Namor

I'm very happy to hear that... The indicator will be freely available
as soon as I've finished it, I Hope soon (but I'm working on other stuff as weel).

cheers
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  • #22
  • Apr 8, 2015 9:59am Apr 8, 2015 9:59am
Hi sym,
I am looking forwad to it.
  • #23
  • Apr 8, 2015 10:06am Apr 8, 2015 10:06am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Namor
Hi sym, I am looking forwad to it.
Take this for tomorrow... (with caution)

Have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.jpg Size: 327 KB
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  • #24
  • Apr 8, 2015 10:57am Apr 8, 2015 10:57am
Quoting Namor
Hi sym, It is a great system. Today I tried EURUSD according to your system. +40pips. Are you going to reveal the indicator? Best wishes.
Hello Namor ,

can u please explain how you trade with SYM 's yesterday image
  • #25
  • Apr 8, 2015 1:00pm Apr 8, 2015 1:00pm
Hi techlover,
I think sym has already explained it. In the post 16 he predicted, that EURUSD will go down next day. In the post 17 you can see that sym entered at a resistant. It is the red line with sell. I placed my TP above the yesterday's low. It was 40 pips. It's up to you where to enter and exit.This system only tell you where the price will go next day.Look back and you can see that there has not been any mistake yet.
  • #26
  • Apr 8, 2015 1:07pm Apr 8, 2015 1:07pm
This looks great and am very interested. I love your COT indicator and am looking forward to this one
  • #27
  • Apr 8, 2015 1:25pm Apr 8, 2015 1:25pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Namor
Hi techlover, I think sym has already explained it. In the post 16 he predicted, that EURUSD will go down next day. In the post 17 you can see that sym entered at a resistant. It is the red line with sell. I placed my TP above the yesterday's low. It was 40 pips. It's up to you where to enter and exit.This system only tell you where the price will go next day.Look back and you can see that there has not been any mistake yet.
Great Namor

recap:
- the indi gives the general direction of the trades for the next 24h or more.
- it's best enter the next day, after London open (but this is not a must)
- if direction is SELL, wait near a resistance and look at better volume indicator as well (for confirmation)
- if direction is BUY, wait till a support

As I told before this "system" is not an holy grail nor a fortune-teller. Trades are taken accordingly with what "big boys" have done in the previous 24h.
This moves chances a little in our direction.

Cheers
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  • #28
  • Apr 8, 2015 2:15pm Apr 8, 2015 2:15pm
Quoting sym
{quote} Great Namor recap: - the indi gives the general direction of the trades for the next 24h or more. - it's best enter the next day, after London open (but this is not a must) - if direction is SELL, wait near a resistance and look at better volume indicator as well (for confirmation) - if direction is BUY, wait till a support As I told before this "system" is not an holy grail nor a fortune-teller. Trades are taken accordingly with what "big boys" have done in the previous 24h. This moves chances a little in our direction. Cheers...
Very nice work sym. Looks like a very useful tool. Subscribed
Best, Josh
  • #29
  • Apr 8, 2015 2:49pm Apr 8, 2015 2:49pm
Great Job!
Subscribed

I would really like to see what it looks like for USD / SEK.
  • #30
  • Apr 8, 2015 3:06pm Apr 8, 2015 3:06pm
Hi! great job here, congratz.

I may ask about the open interest, what are you source of data? and why are in 2 lines? green and red, I thouth open interest is the sum of all transaction open.
regards
  • #31
  • Apr 8, 2015 3:51pm Apr 8, 2015 3:51pm
Hi Sym,
I like the work you are doing here and appreciate your willingness to share the indicator once its finished.
All the best
Dave
  • #32
  • Apr 8, 2015 5:29pm Apr 8, 2015 5:29pm
Thank you Sym & Namor for clear Explanation,

looks like i have missed nearly some 35 pips + , i failed to enter buy on Usdjpy after your post of today prediction on Usdjpy
  • #33
  • Apr 9, 2015 12:45am Apr 9, 2015 12:45am
techlover,
I think you have not missed anythink. Look at the Sym chart. It is JPY vs USD and not Usd vs JPY. It is the prediction for today and JPY should be stronger today. That means that you should enter short on USDJPY. I will wait for London opening and then I will look for entering.
  • #34
  • Apr 9, 2015 1:05am Apr 9, 2015 1:05am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Namor
techlover, I think you have not missed anythink. Look at the Sym chart. It is JPY vs USD and not Usd vs JPY. It is the prediction for today and JPY should be stronger today. That means that you should enter short on USDJPY. I will wait for London opening and then I will look for entering.
NO Namor!!!!
If the indi say BUY, IT'S BUY!!!
If the indi say SELL, IT'S SELL!!!

techlover missed 35 pips not buying USDJPY, but we hope to have another chance today!!!!


Anyway, the indicator say what to do!!!
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  • #35
  • Apr 9, 2015 1:08am Apr 9, 2015 1:08am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting mellyfx
Hi! great job here, congratz. I may ask about the open interest, what are you source of data? and why are in 2 lines? green and red, I thouth open interest is the sum of all transaction open. regards
Hi mellyfx

the indicator analyze OPTIONS market.
Options (that are a small part of the whole market) are: CALLS & PUTS (buy and sell) so we have 2 lines for open interest and 2 lines for volume.

Cheers
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  • #36
  • Apr 9, 2015 1:44am Apr 9, 2015 1:44am
Quoting sym
{quote} NO Namor!!!! If the indi say BUY, IT'S BUY!!! If the indi say SELL, IT'S SELL!!! techlover missed 35 pips not buying USDJPY, but we hope to have another chance today!!!! Anyway, the indicator say what to do!!!
Ok!
You have in your chart in the post 23 JPY vs USD. The indicator says buy. So I thought that JPY should be bought, JPY should be stronger.
Am I wrong?
Thank you.
  • #37
  • Apr 9, 2015 2:05am Apr 9, 2015 2:05am
Quoting sym
{quote} Great Namor recap: - the indi gives the general direction of the trades for the next 24h or more. - it's best enter the next day, after London open (but this is not a must) - if direction is SELL, wait near a resistance and look at better volume indicator as well (for confirmation) - if direction is BUY, wait till a support As I told before this "system" is not an holy grail nor a fortune-teller. Trades are taken accordingly with what "big boys" have done in the previous 24h. This moves chances a little in our direction. Cheers...
Sym, great efforts put into this indicator. From what I gather, does this take into consideration the both the COT report as well as the option expiries?

If so, this tool would be more valuable in the very short term. For ex: if EU has a large option expiry say around 1.05 at 1500GMT and if at 0900GMT EU was trading at 1.045, then buying the ccy with TP at 1.05 would offer a better odds of the trade running into TP yes?

or am I missing something here?
  • #38
  • Apr 9, 2015 2:12am Apr 9, 2015 2:12am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Namor
{quote} Ok! You have in your chart in the post 23 JPY vs USD. The indicator says buy. So I thought that JPY should be bought, JPY should be stronger. Am I wrong? Thank you.
Hi Namor

you are partialy right.
But just to not make confusion let's say: DO WHAT THE INDI SAYS.

If the indi says BUY... buy that pair (in your example is USDJPY)
If the indi says SELL... sell that pair.

easy


cheers
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  • #39
  • Apr 9, 2015 2:13am Apr 9, 2015 2:13am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting openyoureyes
Great Job! Subscribed I would really like to see what it looks like for USD / SEK.
I apologize but USD / SEK is not on the book.

Sorry
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  • #40
  • Apr 9, 2015 2:18am Apr 9, 2015 2:18am
Quoting sym
{quote} NO Namor!!!! If the indi say BUY, IT'S BUY!!! If the indi say SELL, IT'S SELL!!! techlover missed 35 pips not buying USDJPY, but we hope to have another chance today!!!! Anyway, the indicator say what to do!!!
Sorry sym,
Now I see. You have in your chart JPY vs USD, but it is still a chart USD vs JPY. So Usd should be stronger.
In an Exchange market is used a chart JPY vs USD. In forex market is used USD vs JPY. That is why I was mixed up.
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