Those Long bars that look to you as USD bulls, is looking to me as a USD bull Trap instead.
We will wait and see immediate action after such long bars and next day's action.
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Dislikedhi guys:
I haven't post for long time. here is the view for dollar index, detail on the chart.
To Sonic, take care mate, sleep early.
To TAH, nice to see you banking truck load of pips every week. & keep training new sonicers...
GLIgnored
DislikedThose Long bars that look to you as USD bulls, is looking to me as a USD bull Trap instead.
We will wait and see immediate action after such long bars and next day's action.Ignored
Dislikedpiphunter, where are you viewing the USD Index?
Do u know if it is available in Alpari?
I want to start to use this, and I am assuming you have been using USD Index for a long and consistent period and hope you can provide some guidance on its usage.
Does observing it first really help to aid in the other currencies' direction ?
Is the main usage only more for E/U as E/U weighs significantly much more in this index ?
How else are you using USD Index for your trading?
Heard there is another index "Weighted USD Index" that have...Ignored
DislikedPossible San Zan is playing out,,,Need a Strong Breakout on Neck Line.
SonicIgnored
DislikedWhy are you shorting here?, Kindly guide fellow members with the overall market direction.
Market is ranging in 15 mins creating a wrong sense of feeling and putting you in the wrong overall direction. I just take my entries using SONIC after a valid set up in 4HR.
See charts below:
The last chart is 5 mins sorry dint mention that here.
NOTE: 15 Mins entries against main overall directions is basically stop hunting. It will blow your account with whipsaws. We cannot live just by scalping. Find good set ups in Higher timeframe and wait...Ignored
DislikedHi Foxy:
regarding your Qs:
1. I use Ava mt4 demo to see dollar index, they has best range of markets in MT4.
2. I only use dollar index when the pairs give non-clear picture of the trend. the dollar index just like the stock index, it has less noise, and clearer PA compair to individule stock, or pair of currency. at then end of the day, we are trading pro or con of the USD.
3. I do use the index as hints to choose best pair to trade. such as: when we trade bear USD, i prefer to long AU or gold; when trade bull USD then to short EU.
4....Ignored
DislikedWow, t scenario didn't take place..
Even a bad news data, refuse to tank EU..
Nothing is certain when it comes to trading..
SonicIgnored
DislikedYea, mate..
Pro USD trade should be taken as counter trend and should watch it like a hawk..
I am glad to find another soniker, taking higher TF as bias..
SonicIgnored
QuoteDislikedYears of sleepless nights to understand this simple concept
HIGHER TIME FRAME IS THE KEY AND LOWER TIME FRAME is for ENTRIES only.
DislikedU/CHF possible. PA have touch 89 MA and reserve...
Still wait PA for break.Ignored
DislikedIgnored
DislikedHi Foxy:
regarding your Qs:
1. I use Ava mt4 demo to see dollar index, they has best range of markets in MT4.
2. I only use dollar index when the pairs give non-clear picture of the trend. the dollar index just like the stock index, it has less noise, and clearer PA compair to individule stock, or pair of currency. at then end of the day, we are trading pro or con of the USD.
3. I do use the index as hints to choose best pair to trade. such as: when we trade bear USD, i prefer to long AU or gold; when trade bull USD then to short EU.
4....Ignored