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DislikedHi gg53 my CCFp looks so different, to yours, Attachment
This is using the indicator from the link that you directed us to, is there any reasons for this.
Regards Logic38Ignored
Disliked...and here is the promissed pullback, live...
The GBPJPY cries "we want back home... It's too high up here...".
A very simple and logical prediction and another ~+10 pips to my bank manager.
G.Ignored
Dislikedgg53, thank you for spaghetti style and I have question about it. How do you define levels in currencies indicator, that currency is in oversold/overbought area?Ignored
Dislikedf you wait until after the lines converge and then start to diverge again - you would be taking a trade back into the direction of the trend.
Ignored
DislikedIf you trade the movement of the extreme lines back to the centre then you are essentially counter trend trading the strongest trending currency in that timeframe. This doesn't seem like a sensible trade to me GG. if you wait until after the lines converge and then start to diverge again - you would be taking a trade back into the direction of the trend.
To be honest i have always struggled to obtain any consistent success using the various relative strength meters available.Ignored
DislikedIn # 598 GG does mention trades with trend and refers to "Correct cross" where slope is at a sharp angle. See the attached chart.
As an exercise to better understand the procedure, have been looking at EJ the current out of balance pair.
Have used the G8 Indic from the Fibonnaci Trading link suggested by Harry123 in post #614.
Added the fibs used there as they help to track retracement.
Going back to the previous currency divergence its clear that the main move is when the indicators cross.
In the Fibonnaci thread, a retracement to the 61.8%...Ignored