In order to avoid lagging by introducing MA’s – we can start by measuring actual “true move” in the related currency pairs.

For example:

For USD, the related pairs are EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD (??? NZD has the least market share).

For those we measure the movement only from Open to Close – but in a RELATIVE manner,…[Read more]

In order to be truly predictive, and not rely on price-action, you should ask yourself:

What are the most earliest signals that a currency is strengthening (or getting weaker)?

We don’t need ALL the obvious signs (too late and not predictive), just the 2-3 earliest signs.

G.

Ok, let’s roll our sleeves…

1. Naked chart is not the way to go. You already admitted that you use some sort of Bull/Bear in some trials – and that’s NOT naked chart.

2. “Currency Strength” indicator should have PREDICTIVE nature (at least on smaller TF’s).

3. Based on #2 above – it can’t use standard MA’s, CCI, WPR, etc. – because (lagging,…[Read more]

Ok, let’s roll our sleeves…

1. Naked chart is not the way to go. You already admitted that you use some sort of Bull/Bear in some trials – and that’s NOT naked chart.

2. “Currency Strength” indicator should have PREDICTIVE nature (at least on smaller TF’s).

3. Based on #2 above – it can’t use standard MA’s, CCI, WPR, etc. – because (lagging,…[Read more]

The price chart or “indicator” have ONLY two things to show you:

Price on the Y axis and Time on the X axis – per currency pair.

“Price” is your “friend”,

“Time” is your “Enemy”.

That’s too little info to trade. ALL standard indicators are just following the price, and lagging.

In order to gain more info to trade with more confident you…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and try to come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

LearnAlways,

You should setup this indie at the start of a day or start of a session (broker’s time) to work properly.

“Market Profile” or “Market Statistics” & VWAP is too big subject, with many details, to explain here.

Good (and entertaining …) videos on the subject can be found here (mostly SWF…[Read more]

LearnAlways,

“Market Profile” or “Market Statistics” & VWAP is too big subject, with many details, to explain here.

Good (and entertaining …) videos on the subject can be found here (mostly SWF format):

http://www.traderslaboratory.com/forums/market-profile/2008-trading-market-statistics-iii-basics-vwap.html

G.

Isn’t by plainly looking at candlestick height (pips) the same as market profile??? If so why then do we need to put market profile, I mean what is the purpose or objective? Sorry to ask as my chart is full of indicators thus I like to ask myself this kinda question before putting one, to make it simpler. [/quote]

candlestick doesnt show you w…[Read more]

Haha, you got me, very funny . I thought u got some secret weapon. Q) What does VWAP stands for??? [/quote]

VWAP = Volume Weighted Average Price.

It’s a measure of at what price is the largest volume of trades right now.

You can see it in every decent “Market Profile” or Market Statistics” indicator for MQ4.

G.

I was joking…

Even if you connect to interbank network – 1 MINIMAL lot is 5 milion. USD.

That’s why banks doesn’t want us as direct customers and rather deal with brokers as a pool of tradedrs and to manage their margin.

G.

You won’t see indicators there, because they don’t really “trade”.

They have orders to buy or sell $XXX according to their customers need, and don’t have much choice.

The only thing they need to do is to buy or sell at the best price within their time limit.

On large orders – they will manipulate the market. If they need to buy 50 milion USD,…[Read more]

You won’t see indicators there, because they don’t really “trade”.

They have orders to buy or sell $XXX according to their customers need, and don’t have much choice.

The only thing they need to do is to buy or sell at the best price within their time limit.

On large orders – they will manipulate the market. If the need to buy 50 milion USD,…[Read more]

Yes, bypass the broker and connect directly to interbank stream.

It costs a few $K per month, but worth every penny….

G.

Align them to fit this…

G.

The banks see “true” interbank prices from various sources (fractional differences between them).

The broker receive his liquidators (banks) prices + premium. Those prices are, again, slightly different from one another according to different banks, bids and Ask.

The broker shows you the more and most “expensive” prices and adds his premium…[Read more]

Take a closer look – cc you posted is not the same…

Look at the far left when in mine GBP crosses the USD and yours doesn’t, and a bunch of other diffs…

G.