Guys I'll share a little set up I use to gauge currency strength for the day. I set up 3 time frames on the chart, H1, H4, and D1. I check it every morning and look for confluence of strength among the 7 majors over the 3 time frames, then I will cross check with my own analysis, and enter which pair I think has the most momentum.
For example earlier today it was showing NU as the strongest pair so I bought it, and bagged 45 pips before lunch. This is not exactly a contrarian approach, but rather trading the strong vs the weak for the day. Hope this helps you guys.
Both indicators are freely available here on FF.
For example earlier today it was showing NU as the strongest pair so I bought it, and bagged 45 pips before lunch. This is not exactly a contrarian approach, but rather trading the strong vs the weak for the day. Hope this helps you guys.
Both indicators are freely available here on FF.
Truth is like poetry. And most people f*cking hate poetry.
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