School of Pimpology - page 138

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FX Pimp:
Sorry to be a pain guys.

I am having some problems with Camtasia and would appreciate any feedback.

As soon as I start a new project it is OK, but if I want to open an old project, which contains all my Title-Clips etc, then it crashed and I get this :

Thanks in advance for any help.

If all else fails, try a total uninstall and then install it again. Hope you get it working soon.

Happy pipping,

 

Hi Endy,

Good to see you back posting here. I'm not sure about the EURUSD and GBPCHF bit. Can you explain again, please?

 

Firstly, I get all EURxxx (or xxxEUR) pairs, and get EUR strength.

I do the same for USD (and for the rest of 5 other currencies).

From that, I see individual development of the currency itself.

Then, I am basically interested in which currency is the best gainer and which is worst looser.

So, instead of browsing through all the 7! (this is factorial, meaning: 7+6+5+4+3+2+1 = 28) currency pairs, I go for those pairs, whose currencies are on the other side of barricade, or, visually, whose lines are the most appart from each other (or, to be more precise, have opposite direction of development, one is rising (EUR), other is falling (USD)).

GBPCHF is the other part of the coin. During Monday/Tuesday, CHF and GBP were really quite close together (so the lines of GBPCHF pair is around 0). Whereas as it went on since Tuesday night, CHF started to kick in really hard). Hence, there was a short play yesterday from the EMA20/SMA50 area on H1 TF, that yielded to 170+ pips.

Is it clearer now? Let me know..

Honest Bill:
Hi Endy, Good to see you back posting here. I'm not sure about the EURUSD and GBPCHF bit. Can you explain again, please?
Files:
eurusd.jpg  45 kb
gbpchf.jpg  43 kb
 
endy:
Firstly, I get all EURxxx (or xxxEUR) pairs, and get EUR strength.

I do the same for USD (and for the rest of 5 other currencies).

From that, I see individual development of the currency itself.

Then, I am basically interested in which currency is the best gainer and which is worst looser.

So, instead of browsing through all the 7! (this is factorial, meaning: 7+6+5+4+3+2+1 = 28) currency pairs, I go for those pairs, whose currencies are on the other side of barricade, or, visually, whose lines are the most appart from each other (or, to be more precise, have opposite direction of development, one is rising (EUR), other is falling (USD)).

GBPCHF is the other part of the coin. During Monday/Tuesday, CHF and GBP were really quite close together (so the lines of GBPCHF pair is around 0). Whereas as it went on since Tuesday night, CHF started to kick in really hard). Hence, there was a short play yesterday from the EMA20/SMA50 area on H1 TF, that yielded to 170+ pips.

Is it clearer now? Let me know..

Nice idea, but I do not have your strenght meter

 

currency strength indicator download

I just wanted to get some feedback first..

And frankly, Frantacech, I think you buc-guys have much more powerful guns in your pocket

Anyway, if you want to be amused by simplicity of this indicator, here you go

Endy

PS: I use it on MT of FIBO group broker. I love their instrument setup. They have most of the pairs, crude, gold, indices and I don't have to switch instruments around when the future expires as in WHC (or has it changed again?).

frantacech:
Nice idea, but I do not have your strenght meter
Files:
cci_sum.mq4  9 kb
 

currency strength based on CCI

Hi all,

I have been following this thread almost from the beginning and it gave me a lot of inspiration.

I would like to share one of them, which I was tuning in last weeks.

It should represent currency strength meter.

It shows USD, EUR, GBP, JPY, CHF, CAD and AUD currencies.

It is based on simple CCI(48). It sums up CCIs for all pairs in which given currency occures. Then it shows the strength of the currency in preview.

I started to use this as a filter in my trading beginning last 2 weeks.

See first part of the screen (each currency has its line). Note how last week JPY was really strong. So I was taking only XXXjpy shorts from all retracements and made chunk of pips.

Of course, the most pips were gathered from GBPJPY, because GBP was loosing like a hell (see black line at the bottom of last week).

I took only those signals which are in the direction of the currency strength.

This week, so far EUR is really performing well, so I long it against those currencies that are below 0 line.

So from individual currency strength meters, I made another step and measure combined strength of two currencies, which gives me picture of the given pair. See in the middle EURUSD and at the bottom GBPCHF development.

Please note, that these charts are H4 TF, so no 5m madness during days.. It saves me a lot of time and a lot of nerves and I make pips much easier.

Anyway, I am open to any comments and suggestion about this, feel free to post any questions.

thanks,endy

Files:
curr_str.jpg  71 kb
 
endy:
I just wanted to get some feedback first..

And frankly, Frantacech, I think you buc-guys have much more powerful guns in your pocket

Anyway, if you want to be amused by simplicity of this indicator, here you go

Endy

PS: I use it on MT of FIBO group broker. I love their instrument setup. They have most of the pairs, crude, gold, indices and I don't have to switch instruments around when the future expires as in WHC (or has it changed again?).

Thanks mate

 
endy:
Firstly, I get all EURxxx (or xxxEUR) pairs, and get EUR strength.

I do the same for USD (and for the rest of 5 other currencies).

From that, I see individual development of the currency itself.

Then, I am basically interested in which currency is the best gainer and which is worst looser.

..

Very interesting observation. If used correctly this could save Zak and company a lot of work locating good trade setups.

Edit: Endy, you may really be on to something here. From preliminary observation, you can almost trade these currencies when their lines cross each other.

Thanks for the indi and Happy pipping,

 

To be honest, "almost" is a very good word here.

Actually, you can trade MA crosses if it would be true, that currencies will always switch their strengthening/weakening.

However you can hit your head against the wall, when trying to trade currencies which switch places 8 times during week.

That's when that other indicator which shows difference between two currencies come in handy.

So, the rule is: I am interested only in 20ema/50sma H1 retracementes of those currency pairs, where strength difference on H4 is bigger than 100 (or smaller than -100). Again, see those EURUSD/GBPCHF samples I provided.

cheers, endy

edit: i'm starting to post too much in here, so will wait for others to contribute to this currency strength thingie, before going on..

fxdiva:
From preliminary observation, you can almost trade these currencies when their lines cross each other.
 

Endy

I think this is very cool, I am going to try it.

Nicola

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