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Higher low, lower high system

  • #521
  • Feb 3, 2010 10:04am Feb 3, 2010 10:04am
Received a pm on how I'll use this.

Look for the biggest ranges in values to trade the strongest v weakest currency. Avoid the currencies with similar values like GJ and GA at the moment as GBP is 4, AUD 4, and JPY 3.2. Once you have identified strongest v weakest look to enter on hl's lh's as per the topic of this thread.
  • #522
  • Feb 3, 2010 10:10am Feb 3, 2010 10:10am
Mmmmmmh usd that was above 8 is now below 7 and eur over 3. maybe for now at least the eu fall has finished.
  • #523
  • Feb 3, 2010 10:17am Feb 3, 2010 10:17am
I've attached eur and gbp charts during the afternoon gbp did fall about 35 pips on the last move but eur (which was weaker than gbp) fell 50. If (and yes I know its early days and a big if) this is as promising as it seems an additional 10-20 pips per trade would be a massive diff in returns. Or as happens with me sometimes a trade v no trade as I only really looked at 2 currencies.
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  • #524
  • Feb 3, 2010 10:30am Feb 3, 2010 10:30am
EJ for the last few hours has been ugly despite jpy coming up weak, eur was also weak so you'd avoid it. JPY has been weak all afternoon (my time) often below 2 (where it is now).

This could get interesting. It warrants some investigation as to how things develop in real time.
  • #525
  • Feb 3, 2010 10:39am Feb 3, 2010 10:39am
Nice clean move on uj strongest v weakest.
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  • #526
  • Feb 3, 2010 10:41am Feb 3, 2010 10:41am
OK I'm outta here, will be interested to see if there are people looking to investigate this further.
  • #527
  • Feb 3, 2010 10:54am Feb 3, 2010 10:54am
Have you looked at the one on Kang Gun Relative Strength trading forum? I use it for a basket trade on the Asian session. The one you are showing does look a little clearer and easier. I am going to look at it,

Just a thought.


Quoting Vantage
OK I'm outta here, will be interested to see if there are people looking to investigate this further.
A woman drove me to drink, and I forgot to thank her
  • #528
  • Feb 4, 2010 1:04am Feb 4, 2010 1:04am
Quoting simpleguy
Have you looked at the one on Kang Gun Relative Strength trading forum? I use it for a basket trade on the Asian session. The one you are showing does look a little clearer and easier. I am going to look at it,

Just a thought.
I'm going to give this one a whirl, I'll go back and have a look at the KGRS forum though.
Cheers.
  • #529
  • Feb 4, 2010 1:17am Feb 4, 2010 1:17am
I've asked Henry at http://www.currencystrengthmeter.com/ if he wants to start a thread here. We'll see what happens, if no reaction I'll have to look at as you cannot back test so the more eyes looking real time the better.
  • #530
  • Feb 4, 2010 3:03am Feb 4, 2010 3:03am
The early running was chf weak, eur weak and usd and gbp around the same. Giving sells for eur, buy chf and as jpy steadily got stronger sells for ej. Gbp only marginally weaker than usd so gu didn't move much.

Seems like real time this will work, early days still.
  • #531
  • Feb 4, 2010 7:47am Feb 4, 2010 7:47am
Usd and gbp pretty level with a bias to sell GU, but no great shakes gone sideways for an hour.

Eur weak and as jpy got stronger a nice fall on ej.
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  • #532
  • Feb 4, 2010 7:48am Feb 4, 2010 7:48am
USD getting stronger GU to fall now 12 mins to 4 my time. The diff in values 6 to 4.8 maybe not enough yet. TWT.
  • #533
  • Feb 4, 2010 7:52am Feb 4, 2010 7:52am
Quoting Vantage
USD getting stronger GU to fall now 12 mins to 4 my time. The diff in values 6 to 4.8 maybe not enough yet. TWT.
Perhaps not for now usd getting weaker 5.6 gbp staying 4.5. Best to stick to strongest v weakest? I still not sure how to look at trading when currencies that have similar numbers start moving away from each other.
  • #534
  • Edited 8:37am Feb 4, 2010 8:00am | Edited 8:37am
Very interesting to see how currency meter values move up and down and watching the currencies react. This latest move up to 125.43 and fall was clear from eur getting stronger and jpy weaker on the meter and then falling in line again to set up another sell. Overall eur was still very weak and jpy relatively strong.

Looks like trading 1 min charts will be the way to go.
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  • #535
  • Feb 4, 2010 8:06am Feb 4, 2010 8:06am
Quoting Vantage
USD getting stronger GU to fall now 12 mins to 4 my time. The diff in values 6 to 4.8 maybe not enough yet. TWT.
Took a little bit but yes usd did get stronger as thought a few mins ago and gbp weaker, their numbers 7 and 3.5, gu fell quite nicely.
  • #536
  • Feb 4, 2010 8:08am Feb 4, 2010 8:08am
Quoting Vantage
Took a little bit but yes usd did get stronger as thought a few mins ago and gbp weaker, their numbers 7 and 3.5, gu fell quite nicely.
This gbp move was too quick for me to get into with posting here, no problem.
  • #537
  • Feb 4, 2010 8:10am Feb 4, 2010 8:10am
I had 16 currencies up now 8. Eurgbp, eurusd, usdchf, eurjpy, gbpjpy, gbpusd, gbpchf and usdjpy. That seems to be enough to try and watch, trade and see how this currency meter works.
  • #538
  • Edited 8:30am Feb 4, 2010 8:18am | Edited 8:30am
Quoting Vantage
Usd and gbp pretty level with a bias to sell GU.
If you have no other better trades lined up like the ej sell mentioned above this may be something to watch.

Where currencies are close but there is a bias in a certain direction.

For some time usd and gbp were relatively close but usd was a touch stronger. Sure enough usd did get even stronger now 7.3 and gbp fell to 2.80. It did become a good sell trade. You'd have to have decided on that plan, set up sell and just waited for 1 min to start turning or placed a sell stop in this case.
  • #539
  • Feb 4, 2010 8:32am Feb 4, 2010 8:32am
Quoting Vantage
I had 16 currencies up now 8. Eurgbp, eurusd, usdchf, eurjpy, gbpjpy, gbpusd, gbpchf and usdjpy. That seems to be enough to try and watch, trade and see how this currency meter works.
Have 5 min charts up, thinking about switching to 1 min, we'll see.
  • #540
  • Feb 4, 2010 8:40am Feb 4, 2010 8:40am
OK I'm outta here will be watching currency meter and hl/lh's with interest tomorrow.
Cheers.
PS has anyone else downloaded and started looking?
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