{quote} but what do you mean USD strength? USD strength is mostly inversely correlated to EUR/USD chart. DXY chart is USD versus all other major pairs. so you look at DXY chart as you look at GU chart, and you analyze them the same way, and you see if USD is strong or weak.
{quote} i rarely look at DXY chart. but i use COT reports. i think COT is a good way to know direction.
{quote} Interesting question. I am old in life, but new in trading so be patient with me. In the charting tool I use I can create my own indexes. So, I have an index to compare USD to other currencies I am interested in. Thus, I get an idea of how USD is moving in relation to those specific currencies. I don't know that it is perfect measure of USD strength in the overall market and look forward to other people's inputs. Thanks
#advancedalientrading
{quote} Is COT report is the current one or those report was records of previous week data ?. If it is old data, how you want to use it against current trades ?.
{quote} of course is previous data, i use them (when i use them) as the longer term guidleines. {image} they added more longs than shorts this week. so net short increased by 4300 contracts (so i can make conclusion that GBP gets weaker and USD gets stronger)
{quote} Wow, that's great Bro. You're precise in doing analysing works there. Appreciate your sharing of knowledge here. Keep it coming. We may learn a lot from you to better our trades.
{quote} Wow, that's great Bro. You're precise in doing analysing works there. Appreciate your sharing of knowledge here. Keep it coming. We may learn a lot from you to better our trades.
I D E A S * E X C H A N G E S * S U G G E S T I O N From next week onward I'm suggesting we pool our ideas and exchanges trades set up. Beginning with anyone to suggest pairs, Indexes, Commodity to trade or any set up they set potentially a good trades to execute. We are not going into Crypto coz it is volatile and hard to analyse.
I D E A S * E X C H A N G E S * S U G G E S T I O N From next week onward I'm suggesting we pool our ideas and exchanges trades set up. Beginning with anyone to suggest pairs, Indexes, Commodity to trade or any set up they set potentially a good trades to execute. We are not going into Crypto coz it is volatile and hard to analyse.
{quote} GU Closed some. Let balance run for TP Moving stop closer to price {image}
I D E A S * E X C H A N G E S * S U G G E S T I O N From next week onward I'm suggesting we pool our ideas and exchanges trades set up. Beginning with anyone to suggest pairs, Indexes, Commodity to trade or any set up they set potentially a good trades to execute. We are not going into Crypto coz it is volatile and hard to analyse.
...just a thought 
