Hi,
Following jarroo's post http://www.forexfactory.com/showpost...postcount=3035, I've finally understood that according to jarroo / PC, a day can up or down, depending on the previous days line. it can't be both. so actually, on a day/pair, you can take trades on just one direction.
IE, if the day before yesterday's close (1.1000) was lower than yesterday's close (1.150), the trend is up, so today we can take long trades only. (once they are above the open line).
In order to check the trend's strength, I checked the angle's degree between yesterdays and todays line. here are the results:
EU - up 27, GU - up 15, Uch - down 23, UJ -up 7, GJ - up 20
Todays strongest are EU, Uch & GJ.
What do you think?
Dani M.
Following jarroo's post http://www.forexfactory.com/showpost...postcount=3035, I've finally understood that according to jarroo / PC, a day can up or down, depending on the previous days line. it can't be both. so actually, on a day/pair, you can take trades on just one direction.
IE, if the day before yesterday's close (1.1000) was lower than yesterday's close (1.150), the trend is up, so today we can take long trades only. (once they are above the open line).
In order to check the trend's strength, I checked the angle's degree between yesterdays and todays line. here are the results:
EU - up 27, GU - up 15, Uch - down 23, UJ -up 7, GJ - up 20
Todays strongest are EU, Uch & GJ.
What do you think?
Dani M.