gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Brokers & Financial Institutions doesn’t use MT4….
They can see Level 2 and Level 1 DOM – which means they can see pending orders, price & lots per each pending order.
If someone puts 50 mil. pending order to buy EURUSD 20 pips away from current price – they can see it.
The market will react to such an order, or consecutive smaller ones in…[Read more]
MTH2014 replied to the topic MTH Renko Builder Indicator in the forum Indicator discussion 11 years, 2 months ago
Hi Brother, Thank You for your post and forgive me for late reply..
You Could download ‘her’ Here : MTH b765 SSA CycDiv Indicator
Hopefully ‘she’ will work correctly.. and You could understand ‘her’ characteristic..
Best Regards
MTH
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Not true.
Limit orders are the cheapest way to manipulate the market.
Market Makers are using it all the time. Relying on DOM can be a death-trap. Limit orders are NOT an obligation, and can be canceled at any time.
You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be – cancel…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Not true.
Limit orders are the cheapest way to manipulate the market.
Market Makers are using it all the time. Relying on DOM can be a death-trap. Limit orders are NOT an obligation, and can be canceled at any time.
You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be – cancel…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Not true.
Limit orders are the cheapest way to manipulate the market.
Market Makers are using it all the time.
You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be – cancel it.
That’s market manipulation, it’s done all the time by market makers and movers, and it cost them…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Currency “market share” is your “pipe diameter”.
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Currency “market share” is your “pipe diameter”.
G.
cariddi74 replied to the topic ForexFactory terminated users in the forum General Discussions 11 years, 2 months ago
Surpassed the 650 members here, it seems. Cool! Slowly but constantly we grow

cariddi74 replied to the topic Where eagles dare – Cariddi74 (& friends) trading journal in the forum Trading Journals 11 years, 2 months ago
Sell NZD/CAD at: 0.9277
SL: 0.9308
TP: 0.9250gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
I’ve been there and I can tell you how it’s done.
They are spreading small volumes on everything that against the USD. The purpose is to go undetected by volume surges in one or two currency pairs, otherwise others will notice the “trick” and not fall for it.
They have a computer software to distribute the chuncks in smaller lots and in the…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
I’ve been there and I can tell you how it’s done.
They are spreading small volumes on everything that against the USD. The purpose is to go undetected by volume surges in one or two currency pairs, otherwise others will notice the “trick” and fall for it.
They have a computer software to distribute the chuncks in smaller lots and in the…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Remember that Momentum is a physical force – it needs a greater force in the opposite direction in order to stop and reverse it.
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
This might bre good to predict currency pair movement, but not currency strength.
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Looking at a chart of one currency pair doesn’t always show you currency strength.
It EURUSD is going up, it doesn’t automatically mean that the EUR is “strong”. it might be “flat” and the USD is “weakening”. It might be that both are “Weakening” but the USD ROC is faster than the weakening EUR.
So absolute currency strength should be measured…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
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]
MTH2014 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
My Brothers, I Always Admire both of You.. for all the great knowledge that You share.. please continue this very important discussion.. until we could reach valuable result that will give benefit to our beloved community at this forum…
Wish both of You All the Best..
MTH
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