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One trade per daily bar, or per X bars on current timeframe 0 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedCurrency Indexes from tradingview.com.... CAD the strongest and JPY the weakest. CJ is the pair to trade long in short term. On the other hand 21% short: 79% long indicating the overall direction is still short. However, long volume is diminishing, so long it for very short term. {image} {image}Ignored
DislikedHi, Today i googled a little for the formula of the tradeview DXY. I found this. {image} Bloomberg has a slightly different formula, they add also won and yuan. But the diffrence is not big. If i use this formula, i'm pretty close to the tradeview value. The tradeview values for the other currencies i do not really understand; for instance EXY = actual price * 100, same for BXY. For some currencies it is just the reciproque. So i multiplied the currency values with the DXY. Took the SMA 200 of these calculated values and normalized against the JPY,...Ignored
Disliked{quote} From Wikipedia.... New York Board of Trade[edit (https://en.wikipedia.org/w/index.php?title=Euro_Currency_Index&action=edit§ion=4)] The Euro Currency Index (ECX, also EURX or EXY) was launched on 13 January 2006 by the New York Board of Trade (NYBOT) and calculated back to 2001.[5] (https://en.wikipedia.org/wiki/Euro_Currency_Index#cite_note-5) In 2007, the IntercontinentalExchange (https://en.wikipedia.org/wiki/Intercontinental_Exchange) (ICE) based in Atlanta (https://en.wikipedia.org/wiki/Atlanta)...Ignored
DislikedCADCHF was another one I took at market open this week, sat in drawdown for a while before the trend continued. Thought I would share my 4H chart. {image} edit: two reasons i would have held this on a live acct. 1. Only risking 1-3% puts the nerves at ease. 2. I know im with the overall trendIgnored
DislikedHere are my 3 contrarian trades (Post #5) that I decided on using ScorpianFX and Myfxbook. I also added AUDUSD after reading Neils post and he recommend it (Post #18). I have 4 total contrarian trades this week and this is where I stand currently. {image}Ignored
DislikedJust wanted to post my observation of Change of Open Interest (COI) of Retail Positioning for EURUSD. I've also attached my version of Currency Rankings based on yesterday close.Ignored
DislikedI am new to the forex world. I Liked the Contrarian approach described in Post 1. How about using the exact same Contrarian approach using the Renko charts. For entry, can we use RSI and MACD on Renko based bricks (only time sensitive) for a potential entry? For exits, we can watch out for a candle forming in opposite direction, but then the question is. What would be the best way to determine the Brick size; the chart using ATR or fixed size bricks? Is there any thread or guidelines describing the best way to determine the brick size for different...Ignored
DislikedOk, this thread is not about FA, but just wanted to point out that the RBNZ has stated in their just released Monetary Policy Report that they will be keeping Interest Rate "at an expansionary level for a considerable period of time". They even stated that there's a 50% chance of reducing rates. I now expect NZD to weaken over the coming weeks. --- Edit: We can apply our contrarian strategy here, especially when we notice Retail Traders starting to buy up NZD thinking it has gone too low....We just sell hard!Ignored