gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 6 months ago
After drawing the “virtual candle/bar” (price movement from point A to B, regardless of intermediate bars):
Devide that bar length into roughly 3 equal sections: top third is BUY sentiment, middle third is NEUTRAL or in-decision, lower third is SELL sentiment.
Following bars CLOSE, that are engulfed by that bar, determine the market sen…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
On TRUE Compounding (addition):
The procedure remains the same (keep on entering same lots while moving your SL).
The EXTRA “twist” is to increase the lot size of next entry.
How and by how much:
On the second trade you got your SL and your entry lot – but you “forgot” that you already got some protected profit.
This requires some Math – so…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
On Divergence Video’s:
No need to draw channel on divergence when it occurs.
With Hidden-Divergence (Yellow line) you can go against the line direction immediatly on the next bar.
With Divergence (Red line) you can go with the line direction immediatly on the next bar.
Divergence is usually more “powerfull” than Hidden-Divergence, so trade…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
On Divergence Video’s:
No need to draw channel on divergence when it occurs.
With Hidden-Divergence (Yellow line) you can go against the line direction immediatly on the next bar.
With Divergence (Red line) you can go with the line direction immediatly on the next bar.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Weight or Factors have nothing to do with proper DELTA calculations.
All those are “nice to have” or increase accuracy and meaning, but the BASIC is each and every DELTA proper calculation.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Weight or Factors have nothing to do with proper DELTA calculations.
All those are “nice to have” or increase accuracy and meaning, but the BASIC is each and every DELTA calculation.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Weight or Factors have nothing to do with the DELTA calculations.
All those are “nice to have” or increase accuracy and meaning, but the BASIC is each and every DELTA calculation.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The interest rates was just an example.
Similiar ROC’s are NOT equal. Your indicator looks visually “right” just because almost all pairs are near ~1.000USD, but the math is wrong.
0.1% in EURUSD is not equal to 0.1% in GBPUSD – that’s comparing apples to pears. It will have the same effect as with interest rates comparison.
Data needs to be…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The interest rates was just an example.
Similiar ROC’s are NOT equal. Your indicator looks visually “right” just because almost all pairs are near ~1.000USD, but the math is wrong.
0.1% in EURUSD is not equal to 0.1% in GBPUSD – that’s comparing apples to pears.
Data needs to be “normalized” before such comparison.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The interest rates was just an example.
Similiar ROC are NOT equal. Your indicator looks visually “right” just because almost all pairs are near ~1.000USD, but the math is wrong.
0.1% in EURUSD is not equal to 0.1% in GBPUSD – that’s comparing apples to pears.
Data needs to be “normalized” before such comparison.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The interst rates was just an example.
Similiar ROC are NOT equal. Your indicator looks visually “right” just because almost all pairs are near ~1.000USD, but the math is wrong.
0.1% in EURUSD is not equal to 0.1% in GBPUSD – that’s comparing apples to pears.
Data needs to be “normalized” before such comparison.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
In one of your previous post you explained how 0.1% increase/decrease in one pair is equal to 0.1% increase/decrease in some other pair (from your ROC point of view).
Well, let’s consider USD interest rate at 1%, and NZD interest rate at 3%.
Now assume that each one will increase by 10% (or by 0.1)…
My DIFF or DELTA will increase (from 2 t…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
You claim that we are basically doing the same, and just using different words.
In this case, I don’t want to add any more “clutter” to this thread.
Other than that, I claim nothing.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that we should leave the semantics aside, for the moment.
In my picture of EUR/GBP/USD – calculating by ROC the GBP is the strongest if viewd in line indicator. That is WRONG – IMHO.
In my example of 3 cars located at different locations on the road – according to same above logic: the currently fastest one is also the first one, a…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that we should leave the semantics aside, for the moment.
I my picture of EUR/GBP/USD – calculating by ROC the GBP is the strongest if viewd in line indicator. That is WRONG – IMHO.
In my example of 3 cars located at different locations on the road – according to same above logic: the currently fastest one is also the first one, a…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Flattening the USD was simplex idea or “joke” in the qouted previous post- and the above is my response to that. In short – Don’t do that.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The attached is MY view of Currency-Strength at some theoretic point in time.
If your calculations of the DELTA is indeed only ROC based – the GBP is the strongest (and the CS indicator line will show that), even if the GBP end point is below “0”.
IMHO, That’s a wrong view of the market.
That’s why I have my doubts.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The attached is MY view of Currency-Strength at some theoretic point in time.
If your calculations of the DELTA is indeed only ROC based – the GBP is the strongest, and the CS indicator line will show that, even if the GBP end point is below “0”.
IMHO, That’s a wrong view of the market.
That’s why I have my doubts.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The attached is MY view of Currency-Strength at some theoretic point in time.
If your calculations of the DELTA is indeed only ROC based – the GBP is the strongest, even if its end point is below “0”.
IMHO, That’s a wrong view of the market.
That’s why I have my doubts.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
The attached is MY view of Currency-Strength at some theoretic point in time.
If your calculations of the DELTA is indeed only ROC based – the GBP is the strongest, even if its end point is below “0”.
That’s why I have my doubts.
G.
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