System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved,
sign up now for a 14 day free trial or fill out the form below and preview the training right now!

Correlation tool with Currency Strength Indicator!

 

Correlation tool with Currency Strength Indicator!

Hi All,

 

Just though I'd share this idea with you to better ratify readings of each currencies strength.

The following 2 seem to work well in tandem. Please share what you think please - Thanks in advance.

 

For your convenience, here are both links;

      http://completecurrencytrader.com/currency-strength-indicator.html

    http://www.finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1

 

 

Sun, 06/25/2017 - 6:23am
 
pipsurgeon

thx

 
luvbliss

thanks for sharing John

 
luvbliss

thanks for sharing John

 
itecumsah

Thanks for sharing. I will look that up. Any help is much appreciated.

 
Rookie

Thx jrh for the links, the http://completecurrencytrader.com/currency-strength-indicator.html should be deleted from your arsenal, it doesn't work and now has been removed..

 
boss_hogg

I use http://www.livecharts.co.uk/currency-strength.php
It's updated every minute. It's OK, but don't rely on it too heavily. It can and will change on a dime. I use it mostly to determine if I should stay in a trade a little longer when I'm feeling ready to get out. It's good for that.

 
Rookie

Boss I do not suggest useing that meter for traders other than short term.

 
boss_hogg

Thanks, Rookie. I do only use it for short term (M5) and only to briefly extend a TP before exit. I'm just getting started with longer term trades (H1/H4), so I don't have any advice to offer in that area.

 
Rookie

Boss, 1H to me is short term, 4H & D1 are the transitions toward the long term trading of a weekly - monthly chart.
Long Trem is a trend following with strength and weakness applied macroeconomics.

Allen's thread "Ride the Wave" is a good start and Lindsey's posts in several threads.

 
businessman1929

Any ideas or feedback on how this integrates or aligns with a strategy?

 
Rookie

sure locate highly correlated currency pairs and trade them in a basket! what the leverage.. just saying it can get out of hand quickly.

 
Davide

Thanks for sharing the links.

I work succesfully with this http://www.signalscreen.com/.

Best regards

 
mbratchell

Thank you for sharing

 
npolkam

Lots of information to diegest.