Thanks. Nice charts and excellent observation !!
Trading System Using Relative Strength-Part 2
- #1,456
- Mar 2, 2012 4:36am Mar 2, 2012 4:36am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Hi Ferru i know its been kinda long since this thread was active...but i highly admire what u've done
i have an idea to 'solve' strength and which currency to pay attention to.....here we go
Weekly Cycle basing on the rate change of CCFp.
A currency is over bought if it is the strongest when the week starts taking- position: (1).
during the course of the week, should it fall from first place to third place - position: (3)
then we can confirm that the currency is yet to keep falling/weakening and
we can get ready to SELL it Vs any other currency showing strength.
However sometimes a currency can lose its strongest position on friday and
we can still look at this as a valid signal into the next week should it drop to 3rd
place in the new week..this can be caused by Fandumentals curried foward
to the next week puting the currency under more pressure.
The reverse is true(weakest currency moves from last place to third last indicates
more strength is yet to come)
To make it simple and visible the CCF-Diff-FerruFx indicator can have an UP arrow if a currency moves from last down to third last to indicate a change in momentum Bullish for that case NZD this week has turned Bullsh from being over sold....
the strategy is very promising as ive back tested and seen excellent results.......
Im thinking adding that little arrow to the CCF Diff-ferrufx indi could be of use
thanx
i have an idea to 'solve' strength and which currency to pay attention to.....here we go
Weekly Cycle basing on the rate change of CCFp.
A currency is over bought if it is the strongest when the week starts taking- position: (1).
during the course of the week, should it fall from first place to third place - position: (3)
then we can confirm that the currency is yet to keep falling/weakening and
we can get ready to SELL it Vs any other currency showing strength.
However sometimes a currency can lose its strongest position on friday and
we can still look at this as a valid signal into the next week should it drop to 3rd
place in the new week..this can be caused by Fandumentals curried foward
to the next week puting the currency under more pressure.
The reverse is true(weakest currency moves from last place to third last indicates
more strength is yet to come)
To make it simple and visible the CCF-Diff-FerruFx indicator can have an UP arrow if a currency moves from last down to third last to indicate a change in momentum Bullish for that case NZD this week has turned Bullsh from being over sold....
the strategy is very promising as ive back tested and seen excellent results.......
Im thinking adding that little arrow to the CCF Diff-ferrufx indi could be of use
thanx
