So far I'm very impressed with this strategy.
I'm curious, has anyone ever though about comparing the strength of currencies in relation to other currencies when taking a position?
Say you get a number of TDI crosses, you do your Forex basics and check the angle of the cross and you are still left with a number of possible trades.
Would it make sense to trade the cross of the weakest currency vs the strongest currency?
You can measure the strenght and weakness by whatever you want, short term trend, long term, session move, bar move, ect.
You could even make the cylinder heights to represent TDI cross angles so you can see which one is crossing the most.
Here's a picture to show you what I mean.
You can easily see that CHF is weak against all currencies and JPY is strong. (I'm just using the current bar change for the cylinder heights).
Please don't think I'm trying to add rules or indicators, it's more of an overall market outlook to see what's going on.
It's just something I started working on USING Big E's rules of a TDI cross and was wondering if others have looked into or thought about currency comparison for picking the potential best TDI crosses.
Lain
I'm curious, has anyone ever though about comparing the strength of currencies in relation to other currencies when taking a position?
Say you get a number of TDI crosses, you do your Forex basics and check the angle of the cross and you are still left with a number of possible trades.
Would it make sense to trade the cross of the weakest currency vs the strongest currency?
You can measure the strenght and weakness by whatever you want, short term trend, long term, session move, bar move, ect.
You could even make the cylinder heights to represent TDI cross angles so you can see which one is crossing the most.
Here's a picture to show you what I mean.
You can easily see that CHF is weak against all currencies and JPY is strong. (I'm just using the current bar change for the cylinder heights).
Please don't think I'm trying to add rules or indicators, it's more of an overall market outlook to see what's going on.
It's just something I started working on USING Big E's rules of a TDI cross and was wondering if others have looked into or thought about currency comparison for picking the potential best TDI crosses.
Lain