USD stays pretty neutral.............it doesnt get dragged north or south much .........(Thats why I like to trade it in the pair as If I call it wrong the volatility is low anyway)
Big air on the GBP yesterday and overnight the AUD got south............i've used this chart attached to show how you do need to understand the skew factor on the 20ma and to not panic too much when lines CONVERGE ....
See the G/U buy ?.............big sweeping push up on the RED line ...but then look at the fall back on the RED line ..........dramatic eh ?
but then look at the ACTUAL G/U price on the main chart.......its not falling much in reality is it ?...................so hit the DIVERGENCES but dont panic too much when the CONVERGENCE kicks in..............you may bail and miss a further run .........
here we are about 10 hours on ...............what do you see ?
well i see a steady eddy sell on Green usd ...........its not really converging yet so a constant momentum is been seen selling still ...
then you try to ride a Diverging north currency ..........not much about sadly .......
look at the blue Euro ..it got big this morning and is slowly converging south ............but again beware the skew .......the E/U is actually rising again as a Pair (right).............
decide on a MA setting for your FXcorrelator then practice seeing what it tells you ......
I see a lot of people online ....you are very welcome here
go to the links below (signature area ) if you want to see more of what I do .......................or even go to Youtube where I have some ANCIENT videos.... ........(no baftas there )
trading is a tough game ......but not impossible ..........just needs time , time , experience , time , experience and developing a few rules to follow that work for you ...........oh yeah .....and did i mention time and experience ?
...........sorry I cant spend more time on the thread at the moment .............but will try to remedy that later this year.......
Jedster ..I will try to trial the new stuff this week ...looks interesting dude ....!
I saw that USD is still holding north on the 1 hrs so stay with it ....hard hard grind though............for example that G/U sell only hit the 6695 and is bouncing...........ZZZZZZZ
ok the action is warming up now ..........green USD stumbled yesterday but is back north now (buy)..........and look at the yen getting creamed at the moment this week
over 100 pips on that u/j move since doors opened on sunday night .........ouch !
and the GBP is back in the buy zone big time after recent hits in the last 2-3 days ...........
I just got junkmailed from them for Fapturbo............probably the crappiest system in the universe........but also the provider of some of the funniest video testimonials of all time !!
hey all .............work is a pain at the moment so Zero time to trade and play .....
heres whats been happening using my indicator (available below in links for free)......
its the 20ma version on a 1 hour chart .........a nice steady setting not too fast and not too slow ....
I see brown CAD got slammed yesterday as green USD fights north again .......and th ered GBP again got big air yesterday .........what a currency to have in your home camp !!!
a little compression/divergence happening at the moment indicating reducing volatility..... but I woould recommend staying on USD buys re lower TF's until further notice
well the european falls didnt last for long re above post.......you had perhaps another 30 mins or so on GBP and Euro to ride the sells .........and CHF rode on for a few more pips as well against the USD..........
still pips are pips !! ........
the Green USD has clung to bull status but now looks like really under bear pressure.........a little transitional at the moment and would be nice for any currency to show its hand :smart: