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Price action trading - Trade like the pros!

  • #241
  • Oct 27, 2016 1:52pm Oct 27, 2016 1:52pm
Quoting Dotson
{quote} thanks but the daily open line indicator wont work
Try to change the color from white to something visible
  • #242
  • Oct 28, 2016 2:55am Oct 28, 2016 2:55am
Quoting WDays
The Dollar The dollar index is our barometer for risk, so to speak.
Well, the dollar index is kind of predictable and quite less special. It is strictly related with the US dollar. So when the US consumer confidence comes out very positive; expect the dollar index to rise up too as the US dollar will surely appreciate against its rivals.
  • #243
  • Oct 28, 2016 8:04am Oct 28, 2016 8:04am
I am new to this forum. Could you please share the link of ICT youtube videos?

Thanks
Raghav
  • #244
  • Oct 28, 2016 8:48am Oct 28, 2016 8:48am
Quoting RaghavH
I am new to this forum. Could you please share the link of ICT youtube videos? Thanks Raghav
http://theinnercircletrader.com/Tutorials.htm
  • #245
  • Oct 28, 2016 9:46am Oct 28, 2016 9:46am
Quoting WDays
{quote} Try to change the color from white to something visible
i meant the file wont open in MT4 do you have a ex4 file?
  • #246
  • Oct 28, 2016 11:53am Oct 28, 2016 11:53am
Quoting Dotson
{quote} i meant the file wont open in MT4 do you have a ex4 file?
mm.. no, I just have the mq4 one. But I've downloaded it from these forums, maybe you might find it here.
  • #247
  • Oct 28, 2016 11:56am Oct 28, 2016 11:56am
Quoting Sharpet
{quote} Well, the dollar index is kind of predictable and quite less special. It is strictly related with the US dollar. So when the US consumer confidence comes out very positive; expect the dollar index to rise up too as the US dollar will surely appreciate against its rivals.
The dollar index is a basket of currencies paired with the USD, an average weighed index made up partially of EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, USDJPY and any other USD cross you can think of.

Think moving average. Or common denominator. It's very special, because if it's moving it's giving away what the main market driver is. And that is either dollar strength or dollar weakness. US consumer confidence is just a data release that will inject liquidity into the market so it can move from A to B... or sometimes Z. Naturally, when consumer confidence is high, the dollar should be surging. It's not always the case, though and I've gone over that in previous posts.

To make it seem even more important, when the Monster (GBPJPY) or other "exotic" pairs are moving, it's probably because GBPUSD or other major pairs are moving. GBPUSD is moving because the dollar is moving (excluding GBP releases most times). Everything comes to the USD, which is why I said it was our barometer for risk (in terms of "Risk-on" and "Risk-off").
  • #248
  • Oct 28, 2016 5:19pm Oct 28, 2016 5:19pm
Quoting Piphoarder
{quote} http://theinnercircletrader.com/Tutorials.htm
Thank you Piphoarder
  • #249
  • Oct 29, 2016 1:29am Oct 29, 2016 1:29am
Quoting WDays
{quote} The dollar index is a basket of currencies paired with the USD, an average weighed index made up partially of EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, USDJPY and any other USD cross you can think of. Think moving average. Or common denominator. It's very special, because if it's moving it's giving away what the main market driver is. And that is either dollar strength or dollar weakness. US consumer confidence is just a data release that will inject liquidity into the market so it can move from A to B... or sometimes Z. Naturally, when consumer...
I think that this is more accurate:
The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies.
It is a weighted geometric mean of the dollar's value compared only with
Euro (EUR), 57.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight and
Swiss franc (CHF) 3.6% weight.
Japanese Yen (JPY) 13.6% weight.
Looking for profitable short term trades ...|
  • #250
  • Oct 29, 2016 11:42am Oct 29, 2016 11:42am
Quoting WDays
{quote} mm.. no, I just have the mq4 one. But I've downloaded it from these forums, maybe you might find it here.
I figured it out anyways do you think you can make a video on how you plot out the market and how you set up a trade I'm just more of a visual learner
  • #251
  • Oct 30, 2016 9:59am Oct 30, 2016 9:59am
Quoting Dotson
{quote} I figured it out anyways do you think you can make a video on how you plot out the market and how you set up a trade I'm just more of a visual learner
I can try... I've never done it before, but first time for everything... I'm not promising anything tho
  • #252
  • Oct 30, 2016 10:00am Oct 30, 2016 10:00am
Quoting Js3mwtRc
{quote} I think that this is more accurate: The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. It is a weighted geometric mean of the dollar's value compared only with Euro (EUR), 57.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight and Swiss franc (CHF) 3.6% weight. Japanese Yen (JPY) 13.6% weight.
Thanks for that Yeah, my bad on AUD and NZD being part of the basket. The idea and principle stays the same. It's somewhat of a Moving Average of the USD rate, basically.
  • #253
  • Oct 30, 2016 10:36am Oct 30, 2016 10:36am
Quoting WDays
{quote} I can try... I've never done it before, but first time for everything... I'm not promising anything tho

That be so awesome! Just a quick video on how you do your daily analysis and etc!
  • #254
  • Oct 30, 2016 1:03pm Oct 30, 2016 1:03pm
Quoting nixonlea
{quote} That be so awesome! Just a quick video on how you do your daily analysis and etc!
Oh boy that will be perfect!!
  • #255
  • Oct 31, 2016 3:21pm Oct 31, 2016 3:21pm
Quoting WDays
{quote} I can try... I've never done it before, but first time for everything... I'm not promising anything tho
Just an FYI I use Debut. It is a video capture program that records what ever is on your screen and any sound through a microphone. It even has a free trial. I sometimes use it to record my trades ( to see where I am going wrong).
  • #256
  • Nov 1, 2016 7:17am Nov 1, 2016 7:17am
Yes a video would be awesome. A video helps a ton more than a script written out, for me personally.
  • #257
  • Nov 1, 2016 3:55pm Nov 1, 2016 3:55pm
nice one..
  • #258
  • Nov 2, 2016 4:12am Nov 2, 2016 4:12am
Hey fellas, I'm having a real tough week dealing with a whole bunch of stuff and have had 0 time left... I usually do my weekly market analysis on a sunday or monday morning, check in on Friday to see how it developed.

I promise I will get to making a video either on sunday or monday morning, then possibly a review on Friday. I've found some video capturing software that seems to work (tested it real quick the other day), and it's all set up.

Quoting Hilly
{quote} Just an FYI I use Debut. It is a video capture program that records what ever is on your screen and any sound through a microphone. It even has a free trial. I sometimes use it to record my trades ( to see where I am going wrong).
Got a licensed Bandicam, easy to use and does the same job. Thanks, tho!
  • #259
  • Nov 2, 2016 1:00pm Nov 2, 2016 1:00pm
Quoting WDays
{quote} I can try... I've never done it before, but first time for everything... I'm not promising anything tho
Yes plese
  • #260
  • Nov 3, 2016 10:03am Nov 3, 2016 10:03am
Got some goodies for you guys, coming up hopefully by tomorrow morning!
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