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.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
If you “Flatten” the USD you’re going to loose the “swing” points.
G.gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
If you “Falatten” the USD you’re going to loose the “swing” points.
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 USD is the most powerful tool when selecting trade direction for the 7 majors.
I researched and proved it years ago, using external statistical tools.
It also should be used for “reset” (if you want to use one).
BUT it needs an accurate Currency-Strength indicator, which should be based on accurate and correct method of calculating the…[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 USD is the most powerful tool when selecting trade direction for the 7 majors.
I researched and proved it years ago, using external statistical tools.
It also should be used for “reset” (if you want to use one).
BUT it needs an accurate Currency-Strength indicator, which should be based on accurate and correct method of calculating the…[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
USD is THE common denominator. It exist in each and every major currency-pair.
If you want a TRUE, effective, and most importantly LOGICAL “reset” or “anchor” – that’s the one.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
USD is THE common denominator.
If you want a TRUE, effective, and most importantly LOGICAL “reset” or “anchor” – that’s the one.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
…”We’re analyzing 8 currencies…”: Really? in that case you are refering to MINOR swings.
There are only two groups of currency-pairs:
The xxxUSD group (GBPUSD, EURUSD, AUDUSD, NZDUSD)
and the USDxxx group (USDCHF, USDJPY, USDCAD)
both groups are inverse-correlated and should have a matching MAJOR swing.
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’ll respond to the above later on.
As to CS “session” reset or anchor – the BEST point is major swings.
How to find one and make it automatic? Simple… use plain ZZ indie… we don’t care, in this case, that it’s lagging…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’ll respond to the above later on.
As to CS “session” reset or anchor -the BEST point is major swings.
How to find one and make it automatic? Simple… use plain ZZ indie… we don’t care, in this case that it’s lagging…G.
gg53 replied to the topic Forex Prediction – Science & Logic in the forum Development 10 years, 6 months ago
Thanks again for that. Going to “train” my NN with that.
G.
gg53 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 10 years, 6 months ago
I think that in this example it’s pre/post some Announcement/News (judging by the looong bar)- where spread got much wider. But didn’t check the calendar.
G.
gg53 replied to the topic Forex Prediction – Science & Logic in the forum Development 10 years, 6 months ago
Ok, thanks. Bonds are good idea.
Now I have to scan which one to use, because I have only one variable left…
Thanks again.
G.
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
“Exit” is actually when your SL is hit.
Moving SL is set at the previous swing lowest bar Close, which is clearly marked by the RED histogram bars (in the case that you are going LONG, as in this example).
In this method you continously move your SL, while entring the new trade. Using this method your previous trades are always in protected…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
“Exit” is actually when your SL is hit.
SL is set at the previous swing lowest bar Close, which is clearly marked by the RED histogram bars (in the case that you are going LONG, as in this example).
In this method you continously move your SL, while entring the new trade. Using this method your previous trades are always in protected and in…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
“Exit” is actually when your SL is hit.
SL is set at the previous swing lowest bar Close, which is clearly marked by the RED histogram bars (in the case that you are going LONG, as in this example).
G.
gg53 replied to the topic Forex Prediction – Science & Logic in the forum Development 10 years, 6 months ago
I planned to use it as an extra Factor/Weight that correlate or influence the market.
It’s true that S&P include 500 companies, but that’s where the problem is. There are different industries that many times offset each other.
Initially I used Interest rate, but that’s hardly change, and meant nothing in the end result.
G.
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
On trade EXIT and true COMPOUNDING:
1. DON’T use TP. the market is deaf and doesn’t listen to your hopes and prayers…
2. Start trading with small lot, and continously use fixed lot sizes.
3. Entries are according to CS, Tick-Volume & Volume.
4. Enter as close as possible to the Tick-Volume phase change (going from negative to positive).
5.…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
On trade EXIT and true COMPOUNDING:
1. DON’T use TP. the market is deaf and doesn’t listen to your hopes and prayers…
2. Start trading with small lot, and continously use fixed lot sizes.
3. Entries are according to CS, Tick-Volume & Volume.
4. Enter as close as possible to the Tick-Volume phase change (going from negative to positive).
5.…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
On trade EXIT and true COMPOUNDING:
1. DON’T use TP. the market is deaf and doesn’t listen to your hopes and prayers…
2. Start trading with small lot, and continously use fixed lot sizes.
3. Entries are according to CS, Tick-Volume & Volume.
4. Enter as close as possible to the Tick-Volume phase change (going from negative to positive).
5.…[Read more]
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