Naked chart IS an indicator !

Do you think that banks look at the same chart as yours? when was the last time you visited a major bank trading room?

As to different opinions on something: that’s perfectly Ok with me. What makes me wonder about others opinion is how they come to “definit” conclusion of things are built or constructed without…[Read more]

Here you can “play” the LONG GBP against everyone else, before price action.

BTW: another subjct: I already found volume, take a look at KIAD’s TickVolume.

G.

You have the GBPUSD on chart.

Yeah, Ok… It’s an index… whatever…

Try to mimic GBPUSD price and you’ll get different results, but you know best…

BTW: no matter what the indie tells you, without volume price action will go nowhere.

I’ll stick to this shitty “price” indie…

G.

The results (for those who “guessed” correctly…):

G.

Per your request:

Market is “Flat” in both conditions (rightmost vertical line).

Can we “predict”, based on USD (green) and GBP (red) direction – where the market is going?

Results will follow…

G.

ForexGT_Spaghetti is a “Currency Strength” based –  not index and not correlation.

It is not based on price only – but on Volume, Momentum, Market share, and ROC (Rate of Change) – of each individual currency.

It is very much like the Dollar index, which takes into account USD relative to a basket of foreign currencies (not all of them are th…[Read more]

Do the math:

There are 3 possible outcome for each currency movement: Down, Up, Flat

For 2 currencies you have 6 possible math outcome, 4/6 are in your favor or moving sideways.

In reality, I’ve never seen BOTH currencies reverse at the same time.

Furthermore, I don’t trade just based on this one – but with support of either Volatility,…[Read more]

For those of you who are trying to trade the “Cross” of two currencies:

It’s probably will be Ok, but “Crosses” are usually too late.

Trade should start with and when two currencies change position either against or away from one another.

G.

Eurovision 2015: “Here are the results of the Swiss jury: …”

G.

Here is my ForexGT_Spaghetti indicator – which measure each individual currency strength (8 Majors).

Each currency have it’s own color – the CHF (grey) EUR (blue) and JPY (yellow) are currently highlighted.

Currency strength is one of the most predictive indicators available, if done correctly.

To illustrate this I posted the “not so obvious”…[Read more]

You start your history FOR loop at some xx number of past bars (you can calculate according to TF if you want to set a specific date/time).

Each currency array start with a value of “0” at that starting point. The rest is up to the “standard” indie that you found and like.

You can use mini-charts to display several sessions or stop and start…[Read more]

You start you history FOR loop at some xx number of past bars (you can calculate according to TF if you want to set a specific date/time).

Each currency array start with a value of “0” at that starting point. The rest is up to the “standard” indie that you found and like.

You can use mini-charts to display several sessions or stop and start…[Read more]

Here is my version on the subject:

It shows 1Day, 2Days, 3Days, 4Days, 5Days (weekly) MA’s on any time frame without the need to change params.

Enjoy.

G.

I already have one, but maybe you can teach an old dog some new tricks… The old dog is eager to learn… Wuff…Wuff…

G.

…Try per session (London, London + NY, NY, Asian) and keep all 4 visible. You’ll see interesting, tradable, behaviour.

G.

That’s EXACTLY what I’m doing in my “Spaghetti” currency strength. indie…

For maximum effectiveness avoid using “digital” view of strength and use good old lines, to effectivly view current direction. Reason: if the currency is “strong” and falling and a weak currency is rising – you might want to take the counter-trend position. with…[Read more]

If you, MTH and me are swimming in the ocean with no land in sight – you can tell if you are getting closer or away from MTH and me, but you don’t know if we are getting nearer or away from the shore or our target.

That is relative or correlated distance between us, and it’s hard to measure because we are all in motion relative to one…[Read more]

If you, MTH and me are swimming in the ocean with no land in sight – you can tell if you are getting closer or away from MTH and me, but you don’t know if we are getting nearer or away from the shore or our target.

That is relative or correlated distance between us, and it’s hard to measure because we are all in motion relative to one…[Read more]

China might be the biggest economy (or on its way there) but not in the Forex market.

USD is the “reserve” currency for central banks and all commodities relate to it, such as Gold, Oil, Metals, Grains etc. They are all bought and sold in USD.

That’s why CNY takes so little part in Forex.

There is some “movement” in this situation. China,…[Read more]