Strong - Weak Currency Analysis -
1 2 3

thread: Strong - Weak Currency Analysis

  1. #11
    Junior Member Mikopete78's Avatar
    16
    Of the hard work paid off, pocketed about 1500 pips. More to come.
    All against novices will probably be moderately upward now.
    Against U will be moderately down.

  2. #12
    Junior Member Mikopete78's Avatar
    16
    I use SAR. Dealing with False or True signal all the time. Instance
    H4 chart, triggled upward, should you judge it as a false sign, than the down to the H1 chart will be true.
    Same principle apply to other people TF charts.

    In the instance of Truth, each trigger of down to the H1 or even M30 charts will be a fantastic entry point.

  3. #13
    Junior Member xxaurix's Avatar
    10
    Doing Powerful Weak analysis of currencies can be quite helpful in identifying pairs having probability of prediction of trends. We look at 4 hourly chart to determine strong-weak pairs.
    For today, Canadian dollar has shown strong move with positive trends against 7 other currencies and becomes our initial powerful currency. Next is USD that keeps showing powerful moves against the currencies except that the CAD. GBP stays strong and can be next in line. Weak currencies for the day starts with JPY with moves against all the currencies. This is followed by AUD which kept moving lower against the dollar when EUR failed to and showed more power than AUD. NZD is also weak and a few interesting setups are possible for currency pairs together with NZD.
    Some Ideas:
    Long GBPNZD.
    Short AUDUSD.
    Long USDJPY.
    Happy Trading.

  4. #14
    Junior Member japujante's Avatar
    2
    Thanks for the thread.

    This article crossed my path to Sept 25th and I immediately felt as you do... this might give a nice advantage, or at least - may weight the probabilities in my prefer a bit more.

    I didn't care much for the comparison of price to this 200sma on the 4 hour chart. So I removed the moving average, and also the 4 hour chart also.

    I have already built a few fib tools and developed some very basic rules for analysis, entry, stop loss, when to move the stop to break and when and where to depart.

    Up to now, I have...
    See Post #15, page 1 of this thread:


    Having thrown from the 200 period moving average, along with the 4hour chart too, here is the first round of live test results with only a few basic preliminary rules:

    October 2012:
    22 samples
    16 Fills -72.7% Fill Rate (16 divided by 22)
    10 Wins - 62.5% Win Rate (10 divided by 16)
    4 Losses - 25 percent eliminate Rate (4 divided by 16)
    two Break Evens - 12.5% BE rate (2 divided by 16)

    These results convince me that this egy, along with more specific rules, may have some thing to it.

    For November, dependent on October results and preceding backtesting results, I can now tweak the rules and work with much more particular entry zones, risk zones and target zones.

    Additionally, I am working with a couple different indiors that may help filter the prospective losses.

    Will post again at November's end with more specific results regarding pip totals and risk reward ratio results.

    Happy Trading All...

  5. #15
    Junior Member nuchaku's Avatar
    1
    1 Attachment(s) That is just 1 indior, I made. Its based on a genuine weighted index. As of actual, I mean predicated con something which has an intrinsic value like gold.

    When red line and blue line cross up/down green line, there is a bias. Yesterday's data demonstrating bearish bias.

  6. #16
    Junior Member Mikopete78's Avatar
    16
    All trades closed yesterday against J. Gain Another 600 pips. Start accumulating again.
    From D1 chart, all against J will probably be up.

  7. #17
    Junior Member Mikopete78's Avatar
    16
    My experience was that, should we exchange in line with the sign, the majority of the times are margin very small or get a missing trade.
    We can not depend on the indiors of a single TF. Very hard to get lengthy stretch of movement.

  8. #18
    Junior Member Mikopete78's Avatar
    16
    Most likely this wave will have new week .
    The wave seem to be strong. The retreat is small.

  9. #19
    Junior Member Mikopete78's Avatar
    16
    Lousy trade, dropped 50 pips.
    What is next. Believe that U and J are weak.

  10. #20
    Junior Member Mikopete78's Avatar
    16
    Recover the missing earlier and with 20 pips.
    The UJ take so long the cross the 80 level, this cause me to do not feel confortable.
    U is commanding it value. Lost management now.

  •