Easy pips, even on a Friday.
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DislikedIn case you didn't know, the Neutral Hedge Overlay repaints.
It begins x number of bars back and walks forward with each bar.
If you want to prove it, take a screen shot of it now and take another a day or so from now. To hurry the process, put it on 1M. You'll see it repaint quickly.
The wave shapes won't change, but the distance between the pairs change. You can't really pay any attention to pair disparity, because it's not accurate.Ignored
DislikedHi I am new in forex, would appreciate if you could explain how to read "Neutral Hedge Overlay indicator". In other words what kind of signal it convey.
Thanks,Ignored
DislikedIn case you didn't know, the Neutral Hedge Overlay repaints.
It begins x number of bars back and walks forward with each bar.
If you want to prove it, take a screen shot of it now and take another a day or so from now. To hurry the process, put it on 1M. You'll see it repaint quickly.
The wave shapes won't change, but the distance between the pairs change. You can't really pay any attention to pair disparity, because it's not accurate.Ignored
DislikedI noticed that, too. I was flipping different time frames & noticed sometimes the pairs would swap position.
The danger is, say you've got EUR-USD & USD-CHF.
Now one is going to be above or below the other on the common chart. Then you're going to buy the lower & sell the higher & wait for the convergence. But heed the neg. correlation on USD-CHF.
But if you flip time frames, the pairs could exchange places, I found.
Now either one is higher than the other or it's not. But get sucked in on the wrong time frame & you'r on the wrong side of this...Ignored
DislikedBefore entering a trade just makesure it says the same thing in all time frames.Ignored
DislikedAlso, i looked on DailyFX and in 1H EURUSD is on top and in D1 EURUSD is on bottom.Ignored
DislikedI wasn't aware of Daily FX chart does the same thing, Tokyomaster.
Thinking about the trade sequence, one only really needs the charts as a quick visual. Eliminates tons & tons of calculations.
The problem is reliability as to where the price on respective pairs is.
Maybe develop a test with MTF to see if the pairs remain on the same side of each other.
But then, a quick trip to Metaf.com gives you both the daily as well as hourly correlation relationships. Then, zoom back to MT-4 and decide which will be your "basis" chart, call that one...Ignored