Practical Trading-strongest Vs Weakest Technique
could you elaborate a bit further? thanks
how many monitors do u have lol
it's something similiar?
Could you pls draw them in chart ?
Nic
you can plot four chart at one monitor just plot it subdivided in four equal space fitted in your monitor..... saxobank is capable of it, use there chart..
Hi,
Im new. When you say the strongest currency in pair, how do youm tell that it is strong? I mean, is it stromg compared to last week or last year? What do you compare it to?
Thanks.
Strongest At Real Time Right In Front Of You While Looking At The Chart During News Time... Usually If Data Is Bad For The Usd, Either Of The Chf And Jpy Become The Strongest Currency At That Moment, So What You Will Do Is To Pair Chf/jpy And If See Who Drags The Other One Then It Is The Strongest.. Let Us Say, Bad News For The Us, Absolutely Usd Will Become Weak, In That Case Switch Your Chart To Chf/jpy At Daily Time Frame And If You See That Its In Downward Motion Then Trade Usd/jpy Short To Maximize Your Profit... Thus, Downward Motion Signifies That Jpy Dominated Chf At That Moment And Has To Be Paired With The Weaker One W/c Is The Usd... See It For Your Self..
Note: What Ever You Do, Dont You Ever Trade The Pair Of Chf/jpy... Why? They Are Friends... Lol!
Just Focus In Usd (chf,jpy,euro, And Slightly On Gbp)...
Best Regards!
Cheers mate. Ill do some homework. Never thought to look at it that way!
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
THE EQUATION IS VERY SIMPLE:
if USD is stronger than EURO and EURO is Stronger than CHF while CHF is stronger than JPY then what do you think will happened if you pair USD with JPY? This shall apply upon strong market movement to maximize profit and assure that you are in the best currency pair...
Here is how you will do it: set-up four charts on your screen (Saxobank chart- if possible) in daily timeframe with this pair on your first two charts (EURO/CHF and USD/JPY);
You pair the Stronger Currency at the (EURO/CHF ) with the Stronger Currency at the (USD/JPY) and weaker currency to the other two extra charts..
Ex. if EURO is stronger than CHF and USD is Stronger than JPY
at the remainig two charts pair EURO/USD so you will get the strongest currency at that moment (indicating demand is high worldwide) while on the other chart pair CHF/JPY so you will get the weakest currency (demand is low) to get the weakest currency.
if the strongest is USD and the weakest is JPY then go Long (Buy) USD/JPY....
have a nice trade fella's