hey all ............I've been asked a lot about strengthmeters over Xmas and the new year
I will try to respond to all the questions individually but I reproduce below a post that summarises what I am doing 24/7 to create forex Trading ideas and strategies ........
http://www.trade2win.com/boards/for...-basic-ideas-strategies-1285.html#post2023040
I am concerned about Everything I see on my FXCorrelator Screens.........I just dont go into much detail here about them
seriously though - My FXCorrelator systems and strategies I use personally encompass constant examination and determining patterns/signals from these factors :-
PATTERNS by observing :-
Power (strength of each currency)
Position (of each currency relative to others)
Partnerships (of Currencies - groups,pairs....or non partnerships)
Polarity (of currencies +/- ....who is above or below the MA Zero)
Period(s) (TF and MA , TF/MA combos & multiples relationships)
Perspective (G8 relationship to other markets - Equities/Gold/Bonds/Commodities)
Politics (Global Market news , Events)
strengthmeters are incredibly underated indicators in the Trading world .........Imagine what the Quants do with this kind of stuff day in day out .........mindblowing !
and if truth be told...............the ones with just a few simple rule are so far the best !
N