gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
By watching the USDx indicator, you are looking on just one side of the coin.
If one other currency (x) is much stronger compared to a rising USD – that will be the result.
In those cases I still DON’T trade against a rising USD, and search for a weaker currency, pointing down, to trade against currency (x).
This way your trade will be sa…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
By watching the USDx indicator, you are looking on just one side of the coin.
If one other currency (x) is much stronger compared to a rising USD – that will be the result.
In those cases I still DON’T trade against a rising USD, and search for a weaker currency, pointing down, to trade against currency (x).
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
The numbers I used in this indicator are from “Global foreign exchange market turnover by currency pair”, Table #3 – from here: http://www.bis.org/publ/rpfx13fx.pdf.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
The numbers I used in this indicator are from “Global foreign exchange market turnover by currency pair”, Table #3 – from here: http://www.bis.org/publ/rpfx13fx.pdf.
G.
Global foreign exchange market turnover by currency pair
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Here are my USDx with and without (Plain) market share.
Note that USDx weighted indicator is currently pointing up (correct) while the other one is pointing slightly down (current Friday close).
I use the weighted one for my ForexGT_Spaghetti CS indicators.
Just replace the std. USDx in your CIX calculations with this one (or similiar…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Here are my USDx with and without (Plain) market share.
Note that USDx weighted is currently pointing up (correct) while the other one is pointing slightly down (current Friday close).
I use the weighted one for my ForexGT_Spaghetti CS indicators.
Just replace the std. USDx in your CIX calculations with this one (or similiar method) and you…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Here are my USDx with and without (Plain) market share.
Note that USDx weighted is currently pointing up (correct) while the other one is pointing slightly down (current Friday close).
I use the weighted one for my ForexGT_Spaghetti CS indicators.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Here are my USDx with and without (Plain) market share.
Note that USDx weighted is currently pointing up (correct) while the other one is pointing slightly down.
I use the weighted one for my ForexGT_Spaghetti CS indicators.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Here are my USDx with and without (Plain) market share.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Those numbers are from the BIS (The Bank for International Settlements), and NOT calculated.
Their sum is 66.6%, and I scale them to 100% and calculate each pair by that factor.
I use in both a Stand-Alone USDx indicator and my Spaghetti indicator.
I never trade AGAINST the USDx indie.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Those numbers are from the BIS (The Bank for International Settlements), and NOT calculated.
Their sum is 66.6%, and I scale them to 100% and calculate each pair by that factor.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Those numbers are from the BIS (The Bank for International Settlements), and NOT calculated.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
Those numbers are from the BIS (The Bank for International Settlements) , and NOT calculated.
G.
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
On Currency-Strength:
Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.
I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.
I’m using the same calculation…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
On Currency-Strength:
Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.
I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.
I’m using the same calculation…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
On Currency-Strength:
Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.
I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.
I’m using the same calculation…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
On Currency-Strength:
Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.
I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.
I’m using the same calculation…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
On Currency-Strength:
Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.
I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.
I’m using the same calculation…[Read more]
gg53 replied to the topic Trading made REALLY Simple: Coder's Chat in the forum Development 10 years, 3 months ago
On Currency-Strength:
Since we are going to use Currency-Strength as part confirmation for Entry/Exit, I’d like to share my view on the subject of Currency Market Share.
I already introduced the USDx, which is the Dollar Index, based on US Trade basket of US trade partners currencies, and the way it’s calculated.
I’m using the same calculation…[Read more]
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