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Currency Ranking And Forex Pair Trading Direction

  • #21
  • Dec 12, 2016 2:11pm Dec 12, 2016 2:11pm
Quoting mecrandie
Quoting guandi
hello mecrandie, can you post screenshots? Want to make sure i am looking at the same netdania chart with same settings. Thanks. - guan USD - Red and Green JPY - Purple AUD - Blue CAD - Red GBP - Grey NZD - Yellow The charts show visually how pairs rank in comparison to EUR/USD (all trading long). Those above EUR/USD are weaker while those below it are stronger than USD. The lower the chart, the stronger it is against USD. The lower the EUR/USD chart itself, the stronger is USD against EUR. Only Ameritrade ThinkorSwim chart
...
New Comparison Chart link https://www.fxstreet.com/rates-charts/chart

Ranking in decreasing order
NZD, JPY, USD, EUR, CAD, AUD, GBP
Mecrandie
  • #22
  • Dec 13, 2016 7:33am Dec 13, 2016 7:33am
Thanks Mecrandie, it interesting, how long does your signal last ?
Would it not be interesting using the following indi to put your priorities?
Attached File(s)
File Type: ex4 CCFp_v1.0.3cvert (1)(1).ex4   62 KB | 316 downloads
Attached File(s)
File Type: mq4 CCFp_v1.0.3cvert (1)(1).mq4   25 KB | 348 downloads
  • #23
  • Dec 13, 2016 8:30am Dec 13, 2016 8:30am
Quoting rosalieone
Thanks Mecrandie, it interesting, how long does your signal last ? Would it not be interesting using the following indi to put your priorities?{file}{file}
Do you know what are numbers in indicator?
  • #24
  • Dec 13, 2016 9:09am Dec 13, 2016 9:09am
http://www.forexfactory.com/showthread.php?t=481576
  • #25
  • Last Post: Dec 20, 2016 4:39am Dec 20, 2016 4:39am
EUR-BASED CURRENCY RANKING BY CHART COMPARISON (LONG TRADES)

DAILY COMPARISON CHART - https://s.tradingview.com/x/caP0wmkL/
WEEKLY COMPARISON CHART - https://s.tradingview.com/x/5fjQ0Zzw/
MONTHLY COMPARISON CHART - https://s.tradingview.com/x/b2qoddzc/

Color Coding: Blue is USD, Red is JPY, Gray is GBP, Green is AUD, Purple is NZD and Yellow is CAD.

DAILY RANKING is USD, EUR, CAD, NZD, AUD, GBP, JPY (in decreasing order)

WEEKLY RANKING is USD, EUR, AUD, NZD, CAD, JPY, GBP (in decreasing order)

MONTHLY RANKING is NZD, USD, EUR, AUD, CAD, JPY, GBP ( in decreasing order)

Any chart above is weaker than the chart below it to the extent they are far apart.
The farther apart the charts the more stable and reliable the directionality.
Closely ranked currencies tend to produce sideways moving charts due to their being almost equally matched.
Since the daily, weekly and monthly rankings don't always agree, I usually use the weekly ranking until I find a discrepancy from its forecasts.

RANKING-BASED FORCASTS
(When a selling chart is going up instead of down, the base pair is weak. Similarly if a buying chart is going downward, then the base pair is weak.)

EUR/USD - short , AUD/USD - short, NZD/USD - short, USD/CAD - long, USD/JPY - long, GBP/USD - short
EUR/AUD - long, EUR/NZD - long, EUR/CAD - long, EUR/JPY - long, EUR/GPP - long
AUD/NZD - long, AUD/CAD - long, AUD/JPY - long, GBP/AUD - short,
NZD/CAD - long, NZD/JPY - long, GBP/NZD - short
Notice that I am working with only the first four top ranking currencies as base pairs. Below that the results are very unreliable.

ACTUAL PERFORMANCES

EUR/USD - short, AUD/USD - short, NZD/USD - short, USD/CAD - long, USD/JPY - long, GBP/USD - short. You can verify the rest of the forecasts, and inbox me with any questions.
Mecrandie
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