DislikedIts difficult to put down briefly what took years to look at consider, reject etc etc.
You first need to decide what kind of trading suits you. I for the life of me struggle to hang into trades and cannot remember the last time I held a trade overnight. So I trade short term.
There are many ways to consider trend, it does however depend on the time frame you are looking at, 1 min could be going up whilst 4 hr heading down etc etc.
For my short term purposes I generally look at 1 hr being above/below a 21 ema as my trend.
My main method...Ignored
Yullah . . You might also look into price action, which includes trader sentiment, supply and demand (Vantage is obviously a pro with all of these principles). There are a few webinar transcripts on the subject over on Fxstreet (most of these are commercial, so I won't post names, titles or endorse them).
Only have had a few hours to look at CM, and am definitely interested. Got a feeling that time frame is not going to matter. CM should fit nicely with most good trading systems as a tool to verify your signals, I think.
It will be interesting to see how the CM reacts with retracements, trend changes, continuations, and breaks in support and resistance. Perhaps the distance between two currencies can tell us something.
For instance, GBP is 7.0 and USD is 2. You are naturally long on the GU, and have entered trade per your own trading rules.
Now, lets say you have a little profit, and the GU goes into a retracement. Will this "gap" narrow? say to GBP 5.0 and USD 3? How narrow to let it get before taking your profits?
Could be, since these strengths are obtained across so many pairs, that a retracement with one pair might not show on the CM. Has anyone observed this?
IF we compare notes, maybe can some additional trading rules to filter entries and exits. Hmmm . . .
I also like to basket trade the JPY from time to time. CM could be very good for this too.
Also not quite vintage,