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Attachments: Currency Strength - Anyone trading FX using CSI/CSM?
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Currency Strength - Anyone trading FX using CSI/CSM?

  • Post #1
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  • First Post: Dec 29, 2014 2:49am Dec 29, 2014 2:49am
Hi guys, I have heard only the best about trading Currency Strength. I have done some research, however I'm yet to find out how to use CSI in real trading. Except for news trading maybe. Is any of you using CSI, willing to share his/her strategy? I am interested mainly in CSI by Quantum (see attachment).I know, there are few CSI's with different name, that look exactly the same. I was also thinking about combining CSI with S & D zones. Any thoughts? Thank you a lot!

http://worldwide-invest.org/attachme...p;d=1419787525
Have been playing with currency strength for quite a while, in one form or another. From using indicators found here on FF, self programmed EA's, excel etc.

The safest way I have found is when a group of currencies start to shift at the same time, when the market starts to sync up. At any other time when it's just a single pair moving, then in all honesty it doesn't matter whether one currency is opposite end of the scale to another, you take your chances the same as any other method.
At the end of the day, the market makers will shift the currencies no matter what the values are, I just find when trading multiple pairs that I can even out the unexpected moves.

Probably not what you want to hear, and other's on here will have a different view, if they do great, ask them to explain their method..., just beware of smoke and mirrors.

M.
Quoting moodybot
Have been playing with currency strength for quite a while, in one form or another. From using indicators found here on FF, self programmed EA's, excel etc. The safest way I have found is when a group of currencies start to shift at the same time, when the market starts to sync up. At any other time when it's just a single pair moving, then in all honesty it doesn't matter whether one currency is opposite end of the scale to another, you take your chances the same as any other method. At the end of the day, the market makers will shift the currencies...
thank you for your reply. I'm actually looking for a working system/strategy using the indicator. Something I can try out. Everyone is telling me how great this indicator is however no one is willing to share. :-( Not sure why.
Plenty on FF, just have to hunt around.

This one is as good as any out there.
Attached File(s)
File Type: ex4 Currency Strength Meter.ex4   14 KB | 1,257 downloads
Quoting moodybot
Plenty on FF, just have to hunt around. This one is as good as any out there. {file}
not the indicator, the system :-) I'm looking for a system that uses CSI :-)
I haven't seen an A to Z method for using strength.

Most people work out their own method, however I would start with currency strength, a decent news filter and S/R.

From that think about money management..., I use two paid for items, one a news filter that can automatically turn off EA's, the other a lot size account protect indicator.
I wont mention the names, otherwise this thread will end up in the commercial section.

Best of luck.
  • Post #7
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  • Last Post: Dec 16, 2015 12:51am Dec 16, 2015 12:51am
Quoting eurodavid
Hi guys, I have heard only the best about trading Currency Strength. I have done some research, however I'm yet to find out how to use CSI in real trading. Except for news trading maybe. Is any of you using CSI, willing to share his/her strategy? I am interested mainly in CSI by Quantum (see attachment).I know, there are few CSI's with different name, that look exactly the same. I was also thinking about combining CSI with S & D zones. Any thoughts? Thank you a lot! {image}
Read these. Trading system using relative strength. At some point, ES Trader closed the thread, and the conversations continues here: Trading System Using Relative Strength-Part 2.

Relevant read: Money flows: Trading the strongest / weakest major currency cross and Currency Strength Indicator.

Hope you found this helpful!
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