But is it true that a basket chart behaves identically to a single pair
What I'm asking is have a basket chart true support and resistance levels?
What I'm asking is have a basket chart true support and resistance levels?
Simple System By T101 - My Thought 18 replies
SIMPLE EA for a simple method needed!! 1 reply
Continuation of T101 method discussions 24 replies
Dislikedok thanks
I gonna try to study this and exactly if i can see a developing of a level because I now the pairs that are building this basket chart,prehaps I gonna need an indicator (I'm not a programer) for default pairs because 14 pairs is lot to chek,the easiest way is to start with 2 pairs and then add more,
Sorry for my bad englishIgnored
DislikedI'm still wondering what is the real difference between the basket and any other single pair, I mean why should we trade this "artificial pair" with other tools than any other pair?
I'm using basket offline charts, and the 14 basket pairs behave like any pair. OK, so why shouldn't we simply apply the same trading rules as with classical pairs?
Correct me if I'm wrong, the BuysVsSells indicator is nothing else than an indication of the evolution of the 14 basket pairs as a whole, so it's nearly the same as a...Ignored
DislikedI think that you do not understand what stands behind that basket method or any other basket method (like currency ring, mention above).Ignored
DislikedI understand very well the logic behind the T101 method, and I have read through various threads about it.
My question was not about the basket trading method itself, but about why we should use other entry and exit methods than with a classical pair. When I look at basket charts, I don't see any difference with a normal pair. OK, it has its own behavior, based on the fact that this special currency contains 14 different pairs, but in the end it can be handled like any other pair.
This is why I'm still trying to find any added value in the special...Ignored
DislikedHazel,
it is pretty easy to follow really.
all currency is news related.
check the CAD for example at this moment. it skyrocket towards anything else. and i am now in the +600 pips.
you need to understand news.
let me give you an example. at forexfactory.com you see forecast of the news. it shows also if if the news will be currency related.
to which currencies is CAD strongly related?
Canada is very strong related to England. the same way as Australia is to england.
JPY has ofcourse a very strong relationchip with USD.
now aint...Ignored
Dislikedthanks disbellj
I have uploaded your indi and I seeing this
first picture is from 1H
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And the second one is from 15 min
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I only want to now if I'm seeing this corect.
I do not want to attack anyone.Ignored