My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Best Currency Strength Meter and why?
- #384
- Jun 1, 2021 5:23pm Jun 1, 2021 5:23pm
- Joined Jan 2018 | Status: Trader | 17,298 Posts
What happened to GPP today{image}
have all sold you are a lot too late
- #386
- Jun 26, 2021 6:22pm Jun 26, 2021 6:22pm
- Joined Jul 2011 | Status: Gold Again | 10,558 Posts
{quote} Thanks for your message. Yes i am new to forex. I am still learning to trade with forex. But i am good with equity and derivatives. I am looking for
1. Currency strength meter
2. Trend continuation entry Rest both i already have.
1. This is as good as any paid-for indicator = https://www.forexfactory.com/thread/...9#post10703189
and watch the Graph here during the day, best after Frankfurt to London opens = https://finviz.com/forex.ashx
2. Try the method as per this post = https://www.forexfactory.com/thread/...9#post13588109
Now be warned, some people get it, and some don't.
The first signal will be the reversal, and after that, the trend continuation entry you are seeking
Just remember, the market does what it wants, stick with the close price and not some squiggly lines indicators!
It takes a lot for me to IGNORE you, but you can try.
- #388
- Jul 2, 2021 6:47am Jul 2, 2021 6:47am
- Joined Jul 2011 | Status: Gold Again | 10,558 Posts
In your opinion, CSM is better for scalping or swing trading. I will appreciate any info you give. Thanks
see the transition from Frankfurt open to London open
the first red candle is London, away you go
It takes a lot for me to IGNORE you, but you can try.
- #389
- Jul 2, 2021 2:11pm Jul 2, 2021 2:11pm
- Joined Dec 2019 | Status: Trader | 5,594 Posts
Learn from your mistakes and march on.
- #390
- Jul 2, 2021 2:33pm Jul 2, 2021 2:33pm
- Joined Jul 2011 | Status: Gold Again | 10,558 Posts
{quote} If you look to the right of your screenshot, it is color coded, green for bullish and blue for bearish. In fact, the image to the right of your screenshot displays the best pairs to trade according to currency strength. Finviz is not as user friendly, in my opinion.
And Finviz is just a graph, how is that not friendly? Please suggest an alternative, something that you use?
What is user friendly is Tradingview, just by pressing the TAB key, can switch between 2 charts
Note: the 2 reference points on both charts, the Mon Tue low line, and ADR by the dotted line
Both confirming to stay short even with NFP, a further 40+ pips since the previous chart posted.
It takes a lot for me to IGNORE you, but you can try.
- #391
- Edited 6:38pm Jul 2, 2021 6:01pm | Edited 6:38pm
- Joined Dec 2019 | Status: Trader | 5,594 Posts
{quote} I'm not sure what you mean to the right? There is only 1 pair in the chart, please explain. And Finviz is just a graph, how is that not friendly? Please suggest an alternative, something that you use? What is user friendly is Tradingview, just by pressing the TAB key, can switch between 2 charts Note: the 2 reference points on both charts, the Mon Tue low line, and ADR by the dotted line Both confirming to stay short even with NFP, a further 40+ pips since the previous chart posted. {image}{image}
Note: I circled the part that shows green for bullish and blue for bearish. This also shows pairs that are ideal to trade according to currency strength. Finviz is less user friendly, because it has less features.
UPDATE: I just realized I was wrong about the colors. Forget what I said about green being bullish and blue being bearish.
Learn from your mistakes and march on.
- #392
- Jul 2, 2021 6:33pm Jul 2, 2021 6:33pm
- Joined Jul 2011 | Status: Gold Again | 10,558 Posts
{quote} I was referring to post #150, where you posted the following screenshot. Note: I circled the part that shows green for bullish and blue for bearish. This also shows pairs that are ideal to trade according to currency strength. Finviz is less user friendly, because it has less features. {image}
Even so, those graphs are not consistent, why is the right side color-coded and not the left side?
Why not use red and green, make it stand out?
Why am I a grumpy old fart and like the simplicity of FINVIZ?
Who needs "features" like the best 5 pairs?
One top pair will make your account grow, trade bigger size instead of scattered positions.
It takes a lot for me to IGNORE you, but you can try.
- #393
- Jul 2, 2021 6:37pm Jul 2, 2021 6:37pm
- Joined Dec 2019 | Status: Trader | 5,594 Posts
Learn from your mistakes and march on.
- #394
- Jul 2, 2021 6:49pm Jul 2, 2021 6:49pm
- Joined Jul 2011 | Status: Gold Again | 10,558 Posts
{quote} Don't feel bad about the mistake. My mistake was worse! Go back and look at the UPDATE I just did to the post and get a good laugh at my mistake! LOL
I forgot the purpose of them now, you know the ones?
RED
BLUE
GREEN
It takes a lot for me to IGNORE you, but you can try.
- #395
- Jul 2, 2021 9:29pm Jul 2, 2021 9:29pm
- Joined Dec 2019 | Status: Trader | 5,594 Posts
{quote} Yeah, not user-friendly, about as bad as those mind-bending things where the word is one thing and the color is another I forgot the purpose of them now, you know the ones? RED BLUE GREEN
Learn from your mistakes and march on.
{quote} Oh, okay, I got that wrong, I thought it was a response to what I had just posted. Even so, those graphs are not consistent, why is the right side color-coded and not the left side? Why not use red and green, make it stand out? Why am I a grumpy old fart and like the simplicity of FINVIZ? Who needs "features" like the best 5 pairs? One top pair will make your account grow, trade bigger size instead of scattered positions.
- #399
- Aug 2, 2021 6:28pm Aug 2, 2021 6:28pm
- Joined Jul 2011 | Status: Gold Again | 10,558 Posts
{quote} Hi, Erebus, Where to get this pretty indicator on MT4? Thanks!
It's TradingView, highly recommended you give it a go
The pretty indicator I think you refer to is SuperTrend Bands
Also on the chart are ADR and Sessions, which I have roughly set to 8 hours each
See the chart for a better understanding
Have a nice day
It takes a lot for me to IGNORE you, but you can try.
- #400
- Aug 2, 2021 8:37pm Aug 2, 2021 8:37pm
- Joined Dec 2019 | Status: Trader | 5,594 Posts
{quote} For a start, it's not MT4
Learn from your mistakes and march on.