Asset or Pair Correlation, Disparity, and Strength...

At the end of the day, your profit and loss is determined by the RELATIONSHIP & RELATIONSHIT between your asset or pair of choice with other assets

Correlation
Some go up and down together ❤

Disparity
Some go up and others go down

Strength
Some are strong and others are weak

Your good understanding of these parameters will help you choose what to trade and what TimeFRAME to trade.

Remember, every TimeFRAME has its own Market Structure, MS, and Break of Market Structure, BOMS

Note :
If you have an Pair AB made up of two currencies,
The 1st, A, is called the Base pair.
The 2nd, B, is the Quote pair.

Example
If A is GBP
If B is JPY
Therefore, AB = GBPJPY

Application
If GBP is strong and JPY is weak, that's a sign to VBUY or LONG
the market especially if it's in confluence with MarketSTRUCTURE and other confirmations


If GBP is weak and JPY is strong, that's a cue to SELL or SHORT the market especially if it's in confluence with MarketSTRUCTURE and other confirmations

Enjoy

Let me know what you think .

Hi 934rex . I like and I use correlation. But can you explain " every TimeFRAME has its own Market Structure, MS, and Break of Market Structure"

Thank you.
Could you provide a trading exemple from your idea ?

In other words: Trend is your friend. Your friend does not exist. Don't have an MT4 indicator for your desktop?

https://www.forexfactory.com/thread/...rket-structure

I do, but I prefer my ...

A case example, on H4 today, EU, EURUSD is Bearish. A SELL from the best entry is a better trade.

1.16350 is knocking @ the door...

CaseSTUDY
More LowerLOWs and LowerHIGHs.
EUR is weak...
USD is strong...

Best to sell EU... or wait for retracement to sell higher for better rerurns.

How can I have access to the strength meter displaying the different currencies?

Check out "Easy Currency Strength"
https://play.google.com/store/apps/d...rrencystrength

Possible setups based on strengths n weaknesses...

Adjust levels to retracement on LTF, Lower TimeFRAME for best entries.

Hi aelimian. Do you mean strength meter in mt 4 ?

This is as good as any

https://marketmilk.babypips.com/currency-strength

and FREE too

Attached Image (click to enlarge)

This great too

Forex (finviz.com)

and FREE too

Attached Image (click to enlarge)

does it match with the previous post?

Their success rate is about 50/50.

Using strength meter

H4 to day trade

H1 as main trend for scalpers

M15 for scalping $ scalper entry for a day trader

M1/M5 for Sniper entry & scalping


Note 🗒

SwingTRADER
MainTREND = Daily
CurrentTREND = H4
Entry = H1


DayTRADER
MainTREND = H4
CurrentTREND = H1
Entry = M15/M5/M1


Scalper
MainTREND = H1
CurrentTREND = M15
Entry =M5/M1

Some stuff ive been writing.