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market Theory 101 Supply and Demand,Market Cycles 7 replies
Few tricky questions 11 replies
Tricky Stochastic 8 replies
Market Size (S+P 500 compared to Forex Market?) 0 replies
Time in the Market, Beats Timing the Market? Does this work in FX?? 7 replies
Disliked{quote} Just look for the currency starting from the left and if it's above the zero line, look for it to skip upwards before trading it, or you can also test the flipping thing I mentioned earlier, or whatever other way you can think of. If you think of something good, let us know.Ignored
Disliked{quote} I can’t figure out where to find a currency strength indicator you built it yourself ? Cause when I type currency strength search if gives like battery level barsIgnored
Disliked{quote} I created it but I used AI to code it. The v3.0 of the currency strength indicator is in Python but I can work on making it available as HTML because so people can easily read the graph using an Internet browser.Ignored
Disliked{quote} yes bro that will be great ill send you a message and anytime you can pls do sendIgnored
Disliked{quote} I don't really read PMs so just message in here. I'll try to work on that later today and make it available as HTML. But I want to give the condition that I'll be posting it in order for people to test it and give feedback. Feedback about this or that, or how they're using it, what other setups there are with it, post screenshots of their trades, etc. I don't want to post it for nothing lol For example, another way to trade it I just noticed is when a currency passes another one. Well anyway, it's up to you guys to figure out what are the...Ignored
Disliked{quote} I mostly trade gold so my main focus will be usd Im not to sure if I can directly show my trade results but the analysis from the usd strength will be very beneficial to me and I’ll try as much to pin point the areas of intrest which helped in my trade entryIgnored
Disliked{quote} Oh okay, the indicator is likely to show something about USD as it gets closer to London. I'll try to start another test around 08:00 or 09:00, to see the map before London opens, and also start one at 10:00 London open.Ignored
Disliked{quote} Thanks cause dxy actually helps but sometimes there’s is a divergence which falses my decision making and invalidates some of my trades a look into currency strength should help me add one more layer to verify the thesis before entriesIgnored
Disliked{quote} Yeah, the computations behind it are solid and make structural sense. Since you're interested about USD only and I'm not sure which instruments you're trading, stocks, etc., the thing to determine is what time to start the analysis to get a good map of the USD. Let's say for example you want to trade the USD news release at 16:00. In that case it would make sense to start the indicator analysis at 14:00, or even 15:00. But so far from what I've noticed, the readings it gives when started at Tokyo open 03:00 seem to hold for the remainder...Ignored
DislikedThe indicator (currently on Python) begins analyzing the currencies at 03:00 Tokyo open. Then what I do is, I wait for a currency to appear on one side of the zero line. So looking at the figure, the first plot is JPY (strong). Okay, next, I will trade the entire basket of JPY pairs only if JPY appears on the other side of the zero line, this time would be a weak JPY. It did that at 03:56. You can check all the JPY charts starting at 03:56 to see the bask was in profit. {image}Ignored