TEB: Daily Strength/Weakness Trading

I really cannot trade on Friday close. The Monday of the new week will set its own trends,
But I use the Friday close as a base point.

Just another idea of how to trade this chart above (though I do not trade this way)
is to range trade two currencies that are both in chop ↔
ie. above CHF and NZD

I don't think I have ever seen this before- every thing is in chop ↔ .
I am not sure the market is in chop ↔ but rather I think the market may be doing a big U turn
either way we will have to watch.

Very strange day - but it is a Monday in the dog days of Summer!!!
very little movement in Money at all.
The pound just over and the NZD not much better

But we have oil falling fast and S&P rising fast.

I am sitting on the sidelines today

Again a slow day
(1) The NZD has some life but what do you trade it with?
(2) The Bull Power Index may see some strength coming in the market.

over all I think I will have a golf day

Hi TEB.

I've been using your system (2 MA plus others things) and tested many many systems in FF for many years. havent been successful to grow DEMO account.

then recently i thrown many indicators away and use futures data(delta) to find the highest probability of a turning point.
same theory as yours too, but sometimes, have to throw away the trend bias.
back to the higher-high and lower-low basics, divergence and price alone.

after studying the price and volume relationship, market profile and how it works just to narrow down the stop loss range.

but still it is stressful to mark those levels, so i'm very eager to find out methods which can trade without much on screen time.

thanks

ok The market is a scary place today we now have all main currencies strong
I thinks its the drop in gold

I am on the side line

I got noth'n
another golf day
I am only trading currencies these days

Are you posting any updates this week?

Mike

why are you fighting the euro - just go with the strength vs weakness
Do not worry about what should be - or what the pros are saying
Just trade the strength and weaknesses

cheers and have a good weekend

TEB

Attachment


interesting state

dollar
oil
S&P
all down

and TBills and Gold
up

and the euro the king


its a little crazy and scary oil and USD are following at the same time
it means oil is really weak !!

Strength vs. Weakness
choice a high vs a low to form a pair

Red clear down trend - the smaller the number the weaker
Green clear Up trend - the bigger the number the stronger
Yellow is in chop or transition or pause

Quick trade tonight
- lets see what London does

Nicely done TEB and nice to see you more active in your thread.

Took 45 pips on EUR/CAD myself tonight. Well. Finally took 83 pips from EUR/CAD

Lot of movement for a sunday night. Playing Strenght/Weakness along with retrace and volume is really nice.

InnerGrowth

Im still trying how u got those numbers of Strength and Weakness. Hahah but thank you anyway this is a good information to use in this "webiste"

Hello All

Today is certainly a strong volatile day. Took another 172 pips up from EUR/CAD this morning. Playing the Strength versus Weak currency is really paying well. Always go with the flow and don't fight against the overall trend.

Again TEB thx much for all the knowledge you are giving us in this great thread. Would also like to know how you get those numbers even though I got a good idea.

Sincerely

InnerGrowth