MMLCv22 : Intraday Journal -
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thread: MMLCv22 : Intraday Journal

  1. #11
    ...1-better version to handle fundamentals and news releases...
    SDR (Special Drawing Rights); a proxy for EURxxx and xxxJPY

    https://www.imf.org/external/np/fin/...yDataBase.aspx
    . . .extracting the information and converting it into MT4 charts;



    But the information is delayed;
    https://www.imf.org/external/np/fin/...m_rms_mth.aspx
    The IMF posts Representative and SDR exchange rates each 20 minutes from 11:00 AM to 6:00 PM U.S. EST Monday to Friday except for all these vaions.
    This implies technically its open time/price = 11:00 AM U.S. EST and close time/price = 6:00 PM U.S. EST

    that I am not sure why there are reside rates here and at other websites, if they're official enough or not.
    Https://fx-rate.net/EUR/SDR/
    https://fx-rate.net/SDR/JPY/
    https://www.investing.com/currencies...advanced-chart

    Formula for calculating SDR is given, so there is no problem to compute it live instead of preventing it in the IMF website.
    Hmmm significance?

    I would presume that the sources that you provided calculate SDR by themselves, according to the formula given on the IMF website.
    Ok I know what you meant today, I'll see what I can do;
    https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
    http://fx.sauder.ubc.ca/SDR.html

    How can you compute the value of an SDR?
    To calculate the value of the SDR in domestic currency (say, ABC), multiply the four exchange rates of their home country vis--vis the basket-currency nations (i.e., ABC/USD, ABC/EUR, ABC/JPY, and ABC/GBP) with the basket values indied in the preceding table. Insert these four numbers together to obtain the ABC/SDR exchange rate.

    Update :

  2. #12
    What happened on yesterday's news. This is much clearer now to link up fundamentals with how price (EURJPY) will move and how much (e.g. when and why it will move beyond 180-200 ext). Quite great.


    Look at this current low and one can clearly find the most important driver of this very low rejection is carried out by EURxxx


    Trying to find out the fundamentals using the swing data from dailys and studying up on whats happening.


  3. #13
    Decided to perform an post update. MMLCv22 is finally close to answering the question'when will a (breakout) trend end'?

  4. #14
    Start of the Monday.


    Breakout occurs.


    Bounce from breakout zone, tries to continue down, driven by news.


    Continues down abit, bounces up to form a up leg retracement. Seems to stop in 60% retracement of previous down leg confluence with lesser EMA.


    Breaks up a little and today appears to stop in 80%-100% retracement zone of previous down leg confluence with upper EMA.

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