Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
I don’t understand.. I showed your chart and then underneath the CC “currency strength” indicator which looks very much identical to yours. And that one is based on the simple MA and no complex calculations involving volume or anything.
Also in forex, there is no volume. Good luck finding volume. Do you think the actual central bank and big…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Maybe its not just a coincidence.. this is the first time I have looked at it from a M5 chart. This speaks of the amount of time I have for forex development these days.. haha
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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.
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
I’m not sure if this is just a coincidence but this is what my indicator seem to have shown for USDCAD before the huge long spike.. Pretty difficult to imagine..
If this is not a coincidence, this is exactly what I would want a currency strength indicator to show, when the market is flat, to which direction all the other currencies are pulling…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
I’m not sure if this is just a coincidence but this is what my indicator seem to have showed for USDCAD before the huge long spike.. Pretty difficult to imagine..
If this is not a coincidence, this is exactly what I would want a currency strength indicator to show, when the market is flat, to which direction all the other currencies are pulling…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Can you show me the result of the following [ GBP (red) – USD (green) ]. I bet it will look just like GBPUSD, hence it being a index based indicator and not strength. Also I don’t see anything other than what I see in the chart already. When both are flat, the currency is flat, only when one is increasing and the other is decreasing is it moving.…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Can you show me the result of the following [ GBP (red) – USD (green) ]. I bet it will look just like GBPUSD, hence it being a index based indicator and not strength. Also I don’t see anything other than what I see in the chart already. When both are flat, the currency is flat, only when one is increasing and the other is decreasing is it moving.…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
The results (for those who “guessed” correctly…):
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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]
MTH2014 replied to the topic MTH – TZ and her friends for manual trading all TF in the forum Trading Systems – Development 11 years, 2 months ago
Hi Brother, thank you for your post and nice comment, all of your mentioned indicators is no longer in my arsenal, I already shared it in the past to hundreds of friends, and right now they combined together inside my Star, Skull and Smiley Indicator…lol.
Even until right now, the testing phase result is great (by combining with other t…[Read more]
MTH2014 replied to the topic MTH – TZ and her friends for manual trading all TF in the forum Trading Systems – Development 11 years, 2 months ago
Hi Brother, thank you for your post and nice comment, all of your mentioned indicators is no longer in my arsenal, I already shared it in the past to hundreds of friends, and right now they combined together inside my Start, Skull and Smiley…lol.
Even until right now, the testing phase result is great (by combining with other type of i…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
So from the sounds of this, it sounds more like currency indexes than strength because you are actually not measuring strength but showing what it was and what it is now in terms of just price. Is that correct? Because strength would imply predictive capability. If USD is strongest and JPY is the weakest when speaking of strength, we would expect…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
This is what it looked like
It’s pretty clear that USDCAD was set to go up even though on USDCAD itself was showing a ranging market the trend is a strong up trend.As for the calculations, its nothing complicated. All I’m doing is trying to combine multiple pairs together. In the first case, combining the currencies that only has to d…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
This is what it looked like

As for the calculations, its nothing complicated. All I’m doing is trying to combine multiple pairs together. In the first case, combining the currencies that only has to do with USD and the other combining the ones that has to do with CAD.
USDCAD long means we are long on USD and short on CAD. That means to…[Read more]
MTH2014 replied to the topic MTH – Having Fun with Geometrical Charting in the forum General Discussions 11 years, 2 months ago
Hi Brother, of course by looking at previous wave highest or lowest that already fixed. This Geometrical Charting concept need a lot of screen time to practice, please forgive me that i still don’t have time to create new videos to continue the explanation about next steps..
Best Regards
MTH
MTH2014 replied to the topic Random Help/Advice in the forum General Discussions 11 years, 2 months ago
Hi Brother, maybe you could use this one..
[Read more]
Search for a sub string in a…MTH2014 replied to the topic Random Help/Advice in the forum General Discussions 11 years, 2 months ago
Hi Brother, maybe you could use this one..
Search for a sub string in a string.<table style=”text-align: justify; border-spacing: 0px; border-style: none;” border=”0″ cellspacing=”0″ cellpadding=”3″>
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<td style=”vertical-align: top; padding:…[Read more]gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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.
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