Right!

The only issue is to get correct and reliable USD value – which is the most important one.

All the rest is peanuts…

G.

Yes.

ALL Crosses are based on those 7 Major currency pairs.

I have such an indicator (not for share), but it’s quite easy to build one.

G.

Thanks Pipatronic  

cheers

hannele

You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor.

You shouls decide what are the optimized definitions of “current” and “previous” price.

USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7

The above result can be multilied by the currency…[Read more]

Take a look at the example of EURJPY (cross):

it is built with EURUSD and USDJPY.

If you buy EURUSD and buy USDJPY – you basically SELL the USD in EURUSD and BUY the USD in USDJPY. Since you sell and buy the USD at the same time, it is eliminated – and you are left with EURJPY (EUR bought and JPY sold).

The same goes to EURGBP which is built…[Read more]

OMG = Oh, My Gadi…  ;-}

G.

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it? …and the same goes to ALL other crosses.

Minor deviation in EURJPY price from the above formula (due to delays or…[Read more]

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it? …and the same goes to ALL other crosses.

Minor deviation in EURJPY price from the above formula (due to delays or…[Read more]

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it? …and the same goes to ALL other crosses.

Minor deviation in EURJPY price from the above formula (due to delays or…[Read more]

The “ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it?

G.

The ForexGT Spaghetti” is an improvement on the “Gadi Currencies” (currently not shared). You can use it – it’s good enough and you got many screenshots on how to use.

EURUSD * USDJPY = EURJPY, so why do you need it?

G.

I think you misunderstood my meaning.

Assume 10 pips Renko bar.

Price goes up 8 pips after a closed up box, you go long on the close, and than price goes down 18 pips, closing a new down box. Lost trade.

on the previous example – you waited for the down close box, and entered a short trade. Price goes down 8 pips, then up 18 pips. another…[Read more]

I think you misunderstood my meaning.

Assume 10 pips Renko bar.

Price goes up 8 pips after a closed up box, and than down 18 pips, closing a new down box. Lost trade.

on the previous example – you waited for the down close box, and entered a short trade. Price goes down 8 pips, then up 18 pips. another lost trade.

G.

Happy to see you give life back to this thread my friend! Keep it up

There is only one problem with the above charts.

Many times the price goes above/below the current “box”, doesn’t complete the xx box pips, and goes into the opposite direction.

Those movements are not shown on Renko chart in retrospect – but causes a false trade entry in real-time.

G.

Sorry for the (very) late reply…

You should also consider the fact that great Technical Analysts are bad traders… ;-}

G.

“Long time no see …”

That’s because threads here tend to duplicate and spread all over… that’s not a complaint (I know that Saver is busy with other things) – but I find it hard to follow.

Furthermore, most members here doesn’t share source-code (MQ4), and I’m not downloading nor using any “blackboxes” (EX4).

So I’m concentrating on my…[Read more]

“Long time no see …”

That’s because threads here tend to duplicate and spread all over… that’s not a complaint (I know that Saver is busy with other things) – but I find it hard to follow.

So I’m concentrating on my own group forum.

The “Killing Zone” thread is only good if you read it from start to finish, and try to understand the…[Read more]

RIGHT !

USD current behaviour and STRENGTH in those 7 Majors is THE key to succesfull trading.

1. Tell me the current prices of those 7 Majors, and I’ll tell you what’s the price of each one of the other 21 Crosses… whithout even looking at any chart.

2. Tell me the USD direction and STRENGTH – and I’ll know almost everything there is to k…[Read more]

RIGHT !

USD current behaviour and STRENGTH in those 7 Majors is THE key to succesfull trading.

1. Tell me the current prices of those 7 Majors, and I’ll tell you what’s the price of each one of the other 21 Crosses… whithout even looking at any chart.

2. Tell me the USD direction and STRENGTH – and I know almost everything there is to k…[Read more]