DislikedOK, which script do you use?
The currency strength meter is that freely available and really effective? I see in that last eur sell, eur was only marginally weaker than $, 2.8 to 1.8 (or whatever) so I was wondering. I tried one CSM for a while and still intrigued by the idea but Mrs V not convinced which = hates with a passion, take off the charts. Yes I did say she was a tough nut to crack, if not proven better for her she's not interested .Ignored
http://www.forexfactory.com/showthread.php?t=224697
I think 'The Dance' thread is worth reading and it can in some places be complementary to your trading methods. I'm sure 'The Dance' setups may work for some people, but personally I decided to stick to rather conservative PA trading :-)
Regarding the currency strength meter and P&I analysis, I use it only as an add-on to the PA trading it gives me some better feeling of the market. On the trade I have taken there was a quick change of the USD strength over EUR, which could suggest that the tendency will continue at least during the London / New York overlap. And actually this time I was right since at the end of the first move it was 6.8 to 1 for USD (see attachement) :-)
I know some guys who trade only that and it works for them :-)
I put the xMeter in the attachement, so you can play with it. It is an EA but works just like a regular indicator, the only thing is to put it in the 'experts' folder.
I will be travelling next week, but I hope You guys will have nice trading !
Attached File(s)
!xMeter v 1.3.ex4
21 KB
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265 downloads
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