DislikedWe must treat each pair as TWO seperate currencies.. So if we want to buy the GBP/USD... We look at the WCU/GBP to let us know how the GBP is performing against the top 20 GDP currencies. If it is rising against the WCU then it is really strong or if the WCU is rising against the GBP then the GBP is weak. If you just want the top eight currencies that all currency strength indi's use you can use; GBPEUR+GBPCHF+GBPCAD+GBPUSD+GBPJPY+GBPAUD+GBPNZD and it will give you a chart and a percentage on how the GBP is performing against the top eight currencies....Ignored
Please read this post in the tone that it is intended.
This post is a search for clarity in terms of a logical step-by-step approach.
There are no hidden agendas behind this post.
You have clearly demonstrated that you are able to make accurate decisions as to which currencies are strongest/weakest with a high degree of accuracy.
You have outlined many factors that you use to do this.
For example (not a full list) -
1. The method at start of this thread using Contrarian analysis to “fade” the Retail bias
2. Currencies vs WCU
3. Currencies vs XAU (gold)
4. Currency pairs vs each other
Adding to this, there is the analysis for each of the above in different timeframes – 60 min, daily, etc
This gives at least 8 factors to consider and weigh-up before deciding the strongest & weakest currencies and the eventual “best” pair to trade. Then there is the decision as to whether the trade is a short-term (day) trade or longer hold trade. Having considered these multiple factors, you are able to make correct trade decisions.
You have already proved your method as being valid and accurate.
But it is difficult to replicate your accurate calls and no thread members are posting such calls (in advance).
I have spent hours and hours (and more) analysing the numerous factors in the posts you have shown, and though some charts you have posted clearly show why you made the decision at that time, if I look back further left on the same posted chart, there was sometimes a point where the same chart pattern/circumstance existed previously but the currency or pair did not subsequently make the same move that you currently forecasted – BUT your new current analysis was proven correct and accurate.
Is there some other (missing) factor that you use that brings together all of your factors/analyses to make such accurate calls in advance of FX moves?
As I said at the start of this post, please read this as a quest for clarity and the ability to replicate your decision-making (or at least move closer to it). The best that I have been able to do (with WCU & XAU methods) is to identify stronger and weaker currencies, but not the “strongest” and “weakest” that you consistently do.
You consistently make great calls prior to the FX pairs making the moves.
But there does not seem to be anyone else who has been able to learn (from the threads) to make similar "in-advance" forecasts (using your methods or factors).
Is there a systematic orderly step-by-step process to methodically or logically duplicate your successful analyses, including an order of strength of each bias/factor being considered?
Many Thanks for all of your posts on FF.
They give incentive to pursue discovery.
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