DislikedHi Vantage & Profi,
I think it's useless for daily chart but it pick up reversal at 4h & 1h charts. I checked with Eur 5.7 Nzd 7.5 with Cad 2 now up to 3.3
But I dont think it will work with 5m.
now Cad suddenly has moved up to 7 then the E/C 5m sharply drops 54 pips & NZ/Cad drops 25 pips?. No news???
5mins later Cad droped to 6.3 & now 7.3. prices drop again 5-10 pips
I think the meter is immediately response. but it might works with 1h & 4h
Hope it helps
Cheers,Ignored
I believe there was big news for CAD about half an hour ago. Was monitoring it just now. From Blue suddenly turned to Red. Currently CAD on 7.00 Orange alert. Even though CAD in Orange, but since USD not showing weakness number, we cannot see any great impact to USDCAD.
The meter do react immediately with any news impact that I do agreed with you.
I only monitor M1, M5 and M15. So far its works like a charm to me. Guess it works in any timeframe. Going to see how useful on NFP news.
Cheers
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~