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More simple is impossible

  • #2,661
  • Jul 23, 2015 3:47am Jul 23, 2015 3:47am
Quoting friska
not predict.. but scanning for market opportunities. yesterday night (here gmt + 1) news on nzd. I look at my csm and see strong nzd gbp, cad aud weak, and that euro is losing strength. we have gbp news in the morning, so i expect market wait for that point to move a little the price . up to usd news in the afternoon. waiting for london open. I go on daily and 4H and start watching the pairs concerned, I look TL, channels, and basic PA formations. R/S and sup-dem I look if RSI is interesting situation os / ob. so i go to 15 / 30min to see if there...
that sounds to me very professional

but how do you see which pair is weak/strong? I mean in terms of price movement/volatility?
  • #2,662
  • Jul 23, 2015 4:04am Jul 23, 2015 4:04am
Quoting aspirine80
{quote} that sounds to me very professional but how do you see which pair is weak/strong? I mean in terms of price movement/volatility?

inclination, distance, above below- price-MAs.

if we divide the forex market in blocks and analyze each group derived from a currency to any other,
we have a vision of the strength of a currency.
for example GBP Vs rest of the world.
then

GBPUSD GBPCHF EURGBP GBPJPY GBPCAD GBPAUD GBPNZD

Now if we group all MAs of these couples belonging in TF 1m 5m 30m 1H
and their distances from the price + their inclination and we see that all prices (or the majority) of them are 'below' the MAs we can say - at that
time the GBP is weak in terms of global market.
a little twisted, but I hope I explained..
I am studying in this direction.
nescentia necat
  • #2,663
  • Jul 23, 2015 4:37am Jul 23, 2015 4:37am
Quoting friska
{quote} inclination, distance, above below- price-MAs. if we divide the forex market in blocks and analyze each group derived from a currency to any other, we have a vision of the strength of a currency. for example GBP Vs rest of the world. then GBPUSD GBPCHF EURGBP GBPJPY GBPCAD GBPAUD GBPNZD Now if we group all MAs of these couples belonging in TF 1m 5m 30m 1H and their distances from the price + their inclination and we see that all prices (or the majority) of them are 'below' the MAs we can say - at that time the GBP is weak in terms...
interesting approach So if you think that eur/usd will go up...then you look what is stronger than eur and what is weaker than usd and go this pair up?
  • #2,664
  • Jul 23, 2015 4:50am Jul 23, 2015 4:50am
Quoting aspirine80
{quote} interesting approach So if you think that eur/usd will go up...then you look what is stronger than eur and what is weaker than usd and go this pair up?
more or less,
but I try to extrapolate the single currency and the single VS all, not the couple.
it may be that in a day euro is 'strong' and also the dollar is 'strong',
if so, eurusd would not be of interest to me, because i assumed during lateral or consolidation phase. (eu is a bit special, but only to explain)
I would go to look for the 'weak' currency to match the two, (we assume CAD weak, then I would go to look for long positions on erucad and usdcad .. and so on)
always respecting the PA, S / R, etc.
nescentia necat
  • #2,665
  • Jul 23, 2015 5:09am Jul 23, 2015 5:09am
right now eur is strong and usd is weak.
all euro pairs are above mas and all usd pairs are below mas..
(about)
but there is a usd news so then I do not trust eurusd.
but jpy is pretty weak. not really but a little, just enough to get my attention.
so go to eurjpy looking for long first 4H then 5min
eur push up but there is a resistance...
this tells me to be careful but there could be a possibility ...
nescentia necat
  • #2,666
  • Edited 5:27am Jul 23, 2015 5:10am | Edited 5:27am
never mind,
PO triggered buy eurjpy
not too happy because I was writing,
I hope goes well ..

Quoting friska
never mind, PO triggered buy eurjpy not too happy because I was writing, I hope goes well ..
SL@BE
nescentia necat
  • #2,667
  • Jul 23, 2015 5:42am Jul 23, 2015 5:42am
Quoting friska
{quote} more or less, but I try to extrapolate the single currency and the single VS all, not the couple. it may be that in a day euro is 'strong' and also the dollar is 'strong', if so, eurusd would not be of interest to me, because i assumed during lateral or consolidation phase. (eu is a bit special, but only to explain) I would go to look for the 'weak' currency to match the two, (we assume CAD weak, then I would go to look for long positions on erucad and usdcad .. and so on) always respecting the PA, S / R, etc.
what about this site? I guess it can save you a lot of work

https://www.mataf.net/en/forex-charts/c-index
  • #2,668
  • Jul 23, 2015 5:55am Jul 23, 2015 5:55am
Quoting aspirine80
{quote} what about this site? I guess it can save you a lot of work https://www.mataf.net/en/forex-charts/c-index

yes!
it is very similar to the way that I am studying ..
very helpful!
thank you!!

i'm using this
post #1854

but I changed it recently with a new toy .. I'm trying..
nescentia necat
  • #2,669
  • Jul 23, 2015 6:36am Jul 23, 2015 6:36am
all stock green
dax going down (slowly)
question post #2633 still open
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nescentia necat
  • #2,670
  • Edited 9:36am Jul 23, 2015 6:55am | Edited 9:36am
Quoting friska
{quote} yes! it is very similar to the way that I am studying .. very helpful! thank you!! i'm using this post #1854 but I changed it recently with a new toy .. I'm trying..
Hi Friska,
Are you familiar with the CSM "indicator" which is free and daily updates on high impact News releases?
Concept is precisely what you were describing. (Actually an EA)
I use it all the time and mentioned it some time ago when everyone got excited about the ADR-indicator.
The CSM in my opinion is a very good indication of what is happening across the currencies.
There is also another one available, but much more complicated.
Regards,

Sorry I forgot the link to where you can get it from:

http://www.currencynewstrading.com/cnt-news-trading-ea/
Attached Image
Hercs
  • #2,671
  • Jul 23, 2015 7:15am Jul 23, 2015 7:15am
Quoting Hercs
{quote} Hi Friska, Are you familiar with the CSM "indicator" which is free and daily updates on high impact News releases? Concept is precisely what you were describing. I use it all the time and mentioned it some time ago when everyone got excited about the ADR-indicator. The CSM in my opinion is a very good indication of what is happening across the currencies. There is also another one available, but much more complicated. Regards, Sorry I forgot the link to where you can get it from: http://www.currencynewstrading.com/cnt-news-trading-ea/...
hi hercs!
really nice!

I studied it in the past several CSM and their concepts, I agree with you, always very interesting and it is a tool that I built every day in my approach to the market.
I experienced different, with different concepts. some effective, others less.

I saw the picture that I have attached but can not remember where.
if not bother you you indicate where to find information in the two indicators that you mentioned?
if you do not want to post here, send me a pm please
It would be greatly appreciated.

and I apologize to everyone for the today off topic.

EDIT:

thank you,
I saw now the link!
nescentia necat
  • #2,672
  • Edited 7:34am Jul 23, 2015 7:23am | Edited 7:34am
Quoting friska
right now eur is strong and usd is weak. all euro pairs are above mas and all usd pairs are below mas.. (about) but there is a usd news so then I do not trust eurusd. but jpy is pretty weak. not really but a little, just enough to get my attention. so go to eurjpy looking for long first 4H then 5min eur push up but there is a resistance... this tells me to be careful but there could be a possibility ...
PO buy stop triggered eurcad eurjpy +16+8 /+15 ongoing
damn f! out all @SL damn f.. news!
nescentia necat
  • #2,673
  • Jul 23, 2015 11:00am Jul 23, 2015 11:00am
Quoting friska
{quote} inclination, distance, above below- price-MAs. if we divide the forex market in blocks and analyze each group derived from a currency to any other, we have a vision of the strength of a currency. for example GBP Vs rest of the world. then GBPUSD GBPCHF EURGBP GBPJPY GBPCAD GBPAUD GBPNZD Now if we group all MAs of these couples belonging in TF 1m 5m 30m 1H and their distances from the price + their inclination and we see that all prices (or the majority) of them are 'below' the MAs we can say - at that time the GBP is weak in terms...
Hi Friska,

Please tell me which MA do you use to decide strength of your currencies. (You say you look to see if Price is above or below the "MA")

Thanks
  • #2,674
  • Edited 1:49pm Jul 23, 2015 1:36pm | Edited 1:49pm
DE30+60+4+42+62+39+66+55+44. Just played the pullbacks. Took profit at the obvious levels BRN and S&R. This is not rocket science. Trend was clearly down, but day started with a GAP UP, this was quickly filled, after that it was all down hill, so don't fight it just close your eyes and hit the sell button.
I would have posted earlier but we have had a major power outage for the last few hours, must have been a real headache for the ice making factory up the road. Although by the size of the generator I heard running up there they could have powered the whole area.

Ooops forgot the chart. Jaquemate said it "More simple is impossible" the only difference between Jaquemate's method and how I traded today was that my chart is prettier.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,675
  • Jul 23, 2015 1:47pm Jul 23, 2015 1:47pm
Quoting mor707
{quote} Hi Friska, Please tell me which MA do you use to decide strength of your currencies. (You say you look to see if Price is above or below the "MA") Thanks
There are umpteen Currency Strength Meters. I believe this one from Clive Packham's thread functions fairly well.

http://www.forexfactory.com/showthre...49#post8384049

and is pretty much self explanatory
Cut your Losers short and let your Winners run.
  • #2,676
  • Jul 23, 2015 1:54pm Jul 23, 2015 1:54pm
Quoting mor707
{quote} Hi Friska, Please tell me which MA do you use to decide strength of your currencies. (You say you look to see if Price is above or below the "MA") Thanks
hi mor707,
I tried to explain the concept that I found most valuable behind a CSM.
strenght indicator are are with us a long time...I did not say anything new
There are many possible configurations and the same indicators or dashborad exploiting those principles.
Some exploit the values of RSI, other angles, other distances...
you can find useful information here
http://www.forexfactory.com/showthread.php?t=163158
a really awesome job from mr clivepackam on its 3d with ttindy
http://www.forexfactory.com/showthread.php?t=486543
we talked about it here around post#1120 to post#1220
a useful pdf relate to hgi indy contains some right info on mas
post#1686 by dee
and also here a lot info
stevehopwoodforex.com Index page
again here
http://www.forexfactory.com/showthread.php?t=507109
and so on.. if you serarch for csm on web there are tons of interesting stuff
i'm trying to find the best one config on mid term period.

I found not long ago a dashboard here on FF, an incredible work that is based on the distances mas. I am checking with standard setup ma smoothed, and I must say it is very effective (for now, i'm studying it). but have to be careful on low tf because it tends to show interesting values very close to the pullback.
but I have the impression that you know what I mean ..
nescentia necat
  • #2,677
  • Jul 23, 2015 2:11pm Jul 23, 2015 2:11pm
Quoting dee50
DE30+60+4+42+62+39+66+55+44. Just played the pullbacks. Took profit at the obvious levels BRN and S&R. This is not rocket science. Trend was clearly down, but day started with a GAP UP, this was quickly filled, after that it was all down hill, so don't fight it just close your eyes and hit the sell button. I would have posted earlier but we have had a major power outage for the last few hours, must have been a real headache for the ice making factory up the road. Although by the size of the generator I heard running up there they could have powered...
+372??
now I should not be surprised by your results,
but, damn you're a giant!
really aweosme result
nescentia necat
  • #2,678
  • Jul 23, 2015 2:27pm Jul 23, 2015 2:27pm
Quoting friska
{quote} +372?? now I should not be surprised by your results, but, damn you're a giant! really aweosme result
Thanks, but there was nothing clever here, this was really basic today, the trend was down, go with the trend until it is not down. Simple, ok the entries were tight but that is really just confidence to enter knowing that if I am wrong I have got in early enough to get out before it hurts.
Cut your Losers short and let your Winners run.
  • #2,679
  • Jul 23, 2015 3:48pm Jul 23, 2015 3:48pm
Quoting dee50
{quote} Thanks, but there was nothing clever here, this was really basic today, the trend was down, go with the trend until it is not down. Simple, ok the entries were tight but that is really just confidence to enter knowing that if I am wrong I have got in early enough to get out before it hurts.
Today my score is DAX +102 [8 trades] but I am not happy with my trades...chart tells You why...
wrong moments and lack of patience.
Attached Image (click to enlarge)
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  • #2,680
  • Jul 23, 2015 6:28pm Jul 23, 2015 6:28pm
Quoting dee50
DE30+60+4+42+62+39+66+55+44. Just played the pullbacks. Took profit at the obvious levels BRN and S&R. This is not rocket science. Trend was clearly down, but day started with a GAP UP, this was quickly filled, after that it was all down hill, so don't fight it just close your eyes and hit the sell button. I would have posted earlier but we have had a major power outage for the last few hours, must have been a real headache for the ice making factory up the road. Although by the size of the generator I heard running up there they could have powered...
Hi Dee,
why did you take profits so early and didn't wait for the fibonacci 200% level as usual? Any special reasons?

thanx
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