{quote} Yes and no. Still looking for the best setup.Today I read thread: Do you believe this market is random? I think this is related to this topic. Currencies are trade in ratios. When you place a trade you always work with 2 currencies (BBB/QQQ). First one is buying and second one is selling or vicevesa - depent if we buy/sell. So if we analyze all 28 pairs (from 8 majors currencies) we will see where the money...
No such thing as best setup.
{quote} So if we analyze all 28 pairs (from 8 majors currencies) we will see where the money flows. In my point of view there are points when nobody want to sell oversold currency and buy overbuy currency....
This in a way it's true but some times they are forced to do so and it's not about what they want. Now you need to define for yourself what means oversold / overbought in terms of magnitude and time.
{quote} Do you see my aim??
I think so...you want to buy the most oversold currency and sell the most overbought on an intra day basis. This is some sort of mean reverting approach i think. It's this correct?
Anyway good luck in your pursuit. I will read this topic from time to time to see how its going
Price itself it's an indicator
