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Currency index trading experience

  • #41
  • Jul 7, 2014 4:02am Jul 7, 2014 4:02am
Good morning - short GJ from 174.909
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  • #42
  • Jul 14, 2014 2:22am Jul 14, 2014 2:22am
Good morning traders - it's still working
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  • #43
  • Jul 14, 2014 2:56am Jul 14, 2014 2:56am
Quoting 919gilead
Good morning traders - it's still working {image}
Gooooooood morning George!
It is like sunrise watching when the market suddenly wakes up and comes alive,and even more so when you are in the right direction
Success is nothing more than a few simple disciplines, practiced every day.
  • #44
  • Jul 14, 2014 3:07am Jul 14, 2014 3:07am
Quoting Machinator
{quote} Gooooooood morning George! It is like sunrise watching when the market suddenly wakes up and comes alive,and even more so when you are in the right direction
Hey David
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  • #45
  • Jul 15, 2014 1:50am Jul 15, 2014 1:50am
AU short but the M1 lines are going flat and may have to wait a bit for this to continue down. Maybe not
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  • #46
  • Jul 15, 2014 1:55am Jul 15, 2014 1:55am
Hey,
yes already short from 9391 in the morning

GA should be the lead, at least for me.
Yesterday G was sold on the board. Could watch this.
  • #47
  • Jul 15, 2014 1:59am Jul 15, 2014 1:59am
Gilead

1. Which speeds of the meter you take?
2. If you select 2 currencies which are the "widest"...you wait for them to start coming together on 5m/15m? and make a trade.
Or you trade the direction which they are...so, the widest and trade them to stay the widest still..any particular TF?

What would you say makes a difference for the two scenarios?
  • #48
  • Jul 15, 2014 2:10am Jul 15, 2014 2:10am
Quoting 21vs7
Gilead 1. Which speeds of the meter you take? 2. If you select 2 currencies which are the "widest"...you wait for them to start coming together on 5m/15m? and make a trade. Or you trade the direction which they are...so, the widest and trade them to stay the widest still..any particular TF? What would you say makes a difference for the two scenarios?

  1. I look for the top 3 strong and last 3 weak currencies on the M5 & M15, and wait for the M1 to agree.
  2. I look for the strongest of the 3 strong and the weakest of the 3 weak, and match them for a low risk low stress trade

In this case case the 2 strongest currencies were JPY & USD and they both seem at par but USD is stronger. AUD & NZD are the weakest but AUD is weaker, so I opted for AU short. I am however watching price reaction around the S2 having bounced them once and price having just broken 2 important levels - S1 & yL (yesterday's low). Price may want to retest these levels before continuing down. So I will take my profit and sit by the side.

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  • #49
  • Jul 15, 2014 2:26am Jul 15, 2014 2:26am
Quoting 919gilead
{quote} I look for the top 3 strong and last 3 weak currencies on the M5 & M15, and wait for the M1 to agree. I look for the strongest of the 3 strong and the weakest of the 3 weak, and match them for a low risk low stress trade In this case case the 2 strongest currencies were JPY & USD and they both seem at par but USD is stronger. AUD & NZD are the weakest but AUD is weaker, so I opted for AU short. I am however watching price reaction around the S2 having bounced them once and price having just broken 2 important levels - S1 & yL (yesterday's...
By speed of indexes I meant speed of the indicators. What are your settings. How many candles you take back in the history.

I see. Yes, AU found resistence here..GA is settling also.. Im on BE covered half+20

Im trying to play lower tf scenarious also. here is the last update (over 20/-20 means something is happening. If negative is long/positive number is short..

eurusd-14usdjpy-6
eurgbp-9usdcad-10
eurcad-25usdchf9
euraud-18cadchf20
eurjpy-20cadjpy5
eurchf-5chfjpy-15
gbpaud-8audjpy-3
gbpcad-15audusd3
gbpusd-5audcad-7
gbpjpy-11gpbchf4
audchf12
  • #50
  • Jul 15, 2014 2:41am Jul 15, 2014 2:41am
Quoting 21vs7
{quote} By speed of indexes I meant speed of the indicators. What are your settings. How many candles you take back in the history. I see. Yes, AU found resistence here..GA is settling also.. Im on BE covered half+20 Im trying to play lower tf scenarious also. here is the last update (over 20/-20 means something is happening. If negative is long/positive number is short.. eurusd-14usdjpy-6 eurgbp-9usdcad-10 eurcad-25usdchf9 euraud-18cadchf20 eurjpy-20cadjpy5 eurchf-5chfjpy-15 gbpaud-8audjpy-3 gbpcad-15audusd3 gbpusd-5audcad-7 gbpjpy-11gpbchf4 audchf12...

You're speaking Greek What indicator speed are you talking about? I just use the default setting on the Currency Strength Slope. Maybe you can post a chart to illustrate your point and probably share the indicator with the speed of the indexes.

And nice one on your GA trade both currencies are now weak and will probably just be trading sideways until the GBP news

Shalom
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  • #51
  • Jul 15, 2014 2:53am Jul 15, 2014 2:53am
Quoting 919gilead
{quote} You're speaking Greek What indicator speed are you talking about? I just use the default setting on the Currency Strength Slope. Maybe you can post a chart to illustrate your point and probably share the indicator with the speed of the indexes. And nice one on your GA trade both currencies are now weak and will probably just be trading sideways until the GBP news Shalom
hehee, sorry
whats your value in the currency meter. you are using default as you said, whats that? should be a number of how many data it takes in. Is that number low or high

I dont use this meter, I use mine, but seems the same..
  • #52
  • Jul 15, 2014 3:02am Jul 15, 2014 3:02am
Quoting 21vs7
{quote} ... here is the last update (over 20/-20 means something is happening. If negative is long/positive number is short.. eurusd-14usdjpy-6 eurgbp-9usdcad-10 eurcad-25usdchf9 euraud-18cadchf20 eurjpy-20cadjpy5 eurchf-5chfjpy-15 gbpaud-8audjpy-3 gbpcad-15audusd3 gbpusd-5audcad-7 gbpjpy-11gpbchf4 audchf12
eurcad and eurjpy are longz from this statement 34m ago

and were holded..

13833 and 14612 longz played..very tight 15 for 60ish
or manual if something changes
  • #53
  • Jul 15, 2014 3:14am Jul 15, 2014 3:14am
Quoting 21vs7
{quote} hehee, sorry whats your value in the currency meter. you are using default as you said, whats that? should be a number of how many data it takes in. Is that number low or high I dont use this meter, I use mine, but seems the same..

The value for each time frame is on the chart and I don't have the MQ4 copy to know the lookback data it takes into consideration but I like it better than the one I have been using for years because it combines the strength/weakness of each currency with the steepness of the slope. The lookback doesn't actually make any difference to me as I can see that on my chart and ONLY use the CSS as confirmation to enter or not enter a trade.

I can't comment on the speed of the indexes since it is not an indicator common to both of us, unless you share then I can test and we can always compare notes.

I closed the AU short for about 5 pips as S2 has now been established as support in the ST. Will go for a snooze and be back for the US session.
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  • #54
  • Jul 15, 2014 3:21am Jul 15, 2014 3:21am
Quoting 919gilead
{quote} The value for each time frame is on the chart and I don't have the MQ4 copy to know the lookback data it takes into consideration but I like it better than the one I have been using for years because it combines the strength/weakness of each currency with the steepness of the slope. The lookback doesn't actually make any difference to me as I can see that on my chart and ONLY use the CSS as confirmation to enter or not enter a trade. I can't comment on the speed of the indexes since it is not an indicator common to both of us, unless you...
ok, I understand
Have you ever tried to automate this system? Stats say lots of things.
But I am sure you are alright..

Have a good one.. GBP data next
  • #55
  • Jul 15, 2014 3:29am Jul 15, 2014 3:29am
gbp should be bought
aud also
nothing subst
  • #56
  • Edited 4:23am Jul 15, 2014 3:30am | Edited 4:23am
Quoting 21vs7
gbp should be bought aud also nothing subst


stopped on ec and ej earlier.
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  • #57
  • Jul 25, 2014 2:39am Jul 25, 2014 2:39am
Still working

It's good to be back after being incapacitated for few days now as my monitors just went dead and all troubleshooting efforts produced nothing. After all failed attempts to DIY, I called the professionals in and within one hour, I have new monitor and graphic card to start trading again and will get an additional monitor later.

So my first trade.
The trend is down and I waited for (1) pullback (2) a potential H4 engulfing and (3) change of power between the GBP & USD after noticing the divergence. And bang I pulled the trigger as soon as the current H4 candle crossed below the low of the last H4 candle. Now @ BE + 1

Have a good week end, and good trading to all

Shalom
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  • #58
  • Jul 28, 2014 3:34am Jul 28, 2014 3:34am
Good morning traders:

I am short GU but seem as if I entered early and did not wait for all the rules to align, so I`m keenly watching any close above the DPV. About 4 pips in the hole right now but watching.

Good trading to all

Shalom
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  • #59
  • Jul 30, 2014 2:15am Jul 30, 2014 2:15am
Good morning
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  • #60
  • Jul 30, 2014 4:26am Jul 30, 2014 4:26am
Hey 919gilead,

Are These Indicators still working with build670?
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