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Trading stronger currency and weaker currency

  • #21
  • May 13, 2020 11:40am May 13, 2020 11:40am
@thisara1 you did not attend to my question,
  • #22
  • May 13, 2020 11:49am May 13, 2020 11:49am
Quoting oluwagbenga
@thisara1 you did not attend to my question,
What else do I have, friend? your doing well keep up
  • #23
  • May 13, 2020 6:57pm May 13, 2020 6:57pm
Natural market
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  • #24
  • Edited 6:00am May 15, 2020 5:45am | Edited 6:00am
weekly daily currency strength view
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  • #25
  • May 15, 2020 6:15am May 15, 2020 6:15am
thank you thisara 1
you have helped me a lot
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  • #26
  • May 15, 2020 6:22am May 15, 2020 6:22am
Quoting kette
thank you thisara 1 you have helped me a lot {image}
cheers up keetei can't;s like click your post unfortunate
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  • #27
  • May 15, 2020 6:27am May 15, 2020 6:27am
Quoting thisara1
{quote} cheers up keetei can't;s like click your post unfortunate {image}

all good
I have a tool that gives me an overview quickly
my direction at the moment is fibo and wave
I will keep an eye on your space
  • #28
  • May 16, 2020 11:18am May 16, 2020 11:18am
https://www.mql5.com/en/market/product/49125
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  • #29
  • May 17, 2020 12:52pm May 17, 2020 12:52pm
https://www.mql5.com/en/market/product/49125#
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  • #30
  • Edited 2:13pm May 17, 2020 1:36pm | Edited 2:13pm
I do not get the point of this indicator.

Given currency turnover measured by Bank of international settlements there are three main currencies having the strongest impact on spot forex market. These are US. Dollar with 88% market share, Euro 32% and Yen 17%. Perhaps GBP with 13% market share can be also count in the group. These currencies and especially USD, EUR and JPY are main drivers for rest of the currency market .

Now what is the rationale behind averaging price changes of 28 currency pairs and deriving G8 currency strength indicator when main drivers are those currencies mentioned above? Strong NZD with its turnover of 2%. does not have same weight and market impact as strong USD or EUR, does it? Also does not measuring currency strength by price change or whichever method you use give lagging signals meaning after the move happens?

Additionally CAD, AUD and NZD are driven by commodity prices and so by strength of USD,. Do you take this relation in the calculation?

Can you elaborate please?
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  • #31
  • May 17, 2020 2:17pm May 17, 2020 2:17pm
weekly currency strength
draw supply demand zone clearfly on chart
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  • #32
  • May 17, 2020 5:16pm May 17, 2020 5:16pm
Quoting fxmotif
I do not get the point of this indicator. Given currency turnover measured by Bank of international settlements there are three main currencies having the strongest impact on spot forex market. These are US. Dollar with 88% market share, Euro 32% and Yen 17%. Perhaps GBP with 13% market share can be also count in the group. These currencies and especially USD, EUR and JPY are main drivers for rest of the currency market . Now what is the rationale behind averaging price changes of 28 currency pairs and deriving G8 currency strength indicator when...
hi friend
this indicator calculates intraday pair moving momentum. It calculates the strong and weakness of the intraday currency. It does not take fundamentals in calculation. It can be used to measure currency momentum within the day,,
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  • #33
  • May 18, 2020 6:00am May 18, 2020 6:00am
Quoting thisara1
{quote} hi friend this indicator calculates intraday pair moving momentum. It calculates the strong and weakness of the intraday currency. It does not take fundamentals in calculation. It can be used to measure currency momentum within the day,, {image}
Ok fair enough but still do not see a reason for such indicator.
When I take EURUSD (which is effectively USD index) and compare it with USDJPY and GBPUSD I see "whole" market at once. This way I see what are main currencies
doing and because rest of the currencies are just minor and dependent on USD, JPY and EUR they must be traded towards main currencies

See big discrepancy between the currencies below. Once one currency runs out too much it must return towards USD, JPY and EUR. That's nature behavior for spot forex.

Anyway I won't be disturbing your thread anymore. I just wanted to know the rationale behind your indicator. Cheers and good luck
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  • #34
  • May 18, 2020 6:56am May 18, 2020 6:56am
Quoting fxmotif
{quote} Ok fair enough but still do not see a reason for such indicator. When I take EURUSD (which is effectively USD index) and compare it with USDJPY and GBPUSD I see "whole" market at once. This way I see what are main currencies doing and because rest of the currencies are just minor and dependent on USD, JPY and EUR they must be traded towards main currencies See big discrepancy between the currencies below. Once one currency runs out too much it must return towards USD, JPY and EUR. That's nature behavior for spot forex. Anyway I won't be...
Your comments respect my friend
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  • #35
  • May 18, 2020 8:43am May 18, 2020 8:43am
Quoting thisara1
{quote} hi friend this indicator calculates intraday pair moving momentum. It calculates the strong and weakness of the intraday currency. It does not take fundamentals in calculation. It can be used to measure currency momentum within the day,, {image}
best currency strength meter
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  • #36
  • May 18, 2020 5:57pm May 18, 2020 5:57pm
Yesterday my entry into the action is now the market
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  • #37
  • May 21, 2020 7:51am May 21, 2020 7:51am
Quoting thisara1
Yesterday my entry into the action is now the market {image} {image} {image}
Hi thisara1 I have been following your posts and this indicator looks interesting , I do want to personally try it. I have seen that you gave a 3 month trial but however I couldn't take advantage of that , i missed it. So if u would be kind enough and think about bringing that offer back for sometime I will be glad. Thank you.
  • #38
  • May 21, 2020 8:28am May 21, 2020 8:28am
today missed tp unfortunate
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  • #39
  • May 21, 2020 8:30am May 21, 2020 8:30am
Quoting thisara1
today missed tp unfortunate {image}
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  • #40
  • May 21, 2020 8:32am May 21, 2020 8:32am
Quoting kette
{quote} {image}
ok thank you buddy
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