Theory of quot8-Currencies - Overbought/oversoldquot - Page 2
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Thread: Theory of quot8-Currencies - Overbought/oversoldquot

  1. #11
    Quote Originally Posted by ;
    quote I've got a better idea. If anyone has access to currency indexes. Such as merely ausd chart and only usd chart and so on. Look for the very overbought currency and the most oversold currency individually and trade them. Say if USD was the very oversold and GBP was the very overbought, you would sell GBP/USD. What ya think?
    Seem
    sometime it neglects
    two weeks ago CADJPY was the most powerful.
    Week after it continue to venture up.

    A week, audchf was the very volatile (AUD most powerful, CHF weakest) --let's keep our eyes next week !
    Please observe it!!

  2. #12
    C0 D0
    C0 D1
    C0 D2

    What are they? What's the difference?
    C: Candle
    D: Amount

  3. #13
    Quote Originally Posted by ;
    C0D0 C0D1 C0D2 What are they? What is the difference? C: Candle D: Degree image
    Interesting Concept Master-Mind...

    You said C: Candle D: Degree, but Could you explain what precisely C0D0 C0D1 etc.. . means?

    Due

  4. #14
    1 Attachment(s)
    Quote Originally Posted by ;
    quote YES BROTHER it's unintentional mistake it's my joy you get the point. - Q: How can you decide which 4 pairs are overbought and oversold? Ans: 1--You can use XXX-Index for many 8 currencies separately -- XXX = any currency or 2--you can gauge the volatility movements in pips a week -- last 9-days, last 3 months ahead . . Or 3--you can use my non-executive expert named Currency_Strength on n-period. Or 4--you can use RSI, or AO, or MACD (any indior shing form Moving Averages) or 5--you might have more smart standard...
    I am really analyzing PVSRA Currency Power Alert...

    https://www.forexforum.co.za/trading...g-freedom.html

    Top 4 are oversold, bottom 4 are overbought.

  5. #15
    However, in the time I entered the Transactions, here Is the Way they lined...

    Oversold - JPY, CHF, AUD, USD

    Overbought - GBP, NZD, EUR, CAD

  6. #16
    Here are the currency assets at the second...



    Once the pairs have all switched from oversold to overbought (and vice versa),
    I will post a screenshot of the P/L.

    That may be a good time to exit and take new positions?

  7. #17

  8. #18
    Quote Originally Posted by ;
    Here are the currency strengths at the second... picture After the pairs have all switched from oversold to overbought (and vice versa), I will post a screenshot of the P/L. Which may be a good time to depart and take new places?
    Let's not overlook that Currency Strength and all the trades based on price versus time becomes obsolete on another tick (or even 4ticks across 4 pairs in this instance). With that said, Currency Strength (I prefer to refer as Economic Strength) is engraved in the DNA of the way that currency markets have been designed. . .with the emphasis on Design rather than Function. Design since it's absolutely an integral requirement on how international central banks control their regional currency flows, trade balance etc Worldwide economic dynamics is already represented in currency strengths. Massive amounts of international money flows are represented in currency strengths. Long, medium, short and microscopic trends are represented in currency strengths. Currency Markets can't and won't function without strong and weak hands across markets. Nothing will alter this fundamental nature of the market.
    There's a REASON why ALL commodities including gold and Oil are all priced in USD. Some fool jumps off the seat stating Gold is going higher or Oil is going lower. It's NOT! It's the pricing in USD so at the conclusion of afternoon, ALL tradeable instruments go up or down because of the related pricing in USD.
    USD is KING. USD is exactly what makes America a Super Power and NOT their Military Might! Army May is there just as a means of deterrence against winners that are willing to blow themselves up AND to carry on the international Dominance of USD. EVERYTHING IS USD STRENGTH OR USD WEAKNESS (and JPY during Risk on/off sentiment as a borrowing currency)

    For me, I've played tremendously with currency strengths over the last few years and the net outcome of this is there's NO MATHEMATICAL Formula that's tradable. There are only two ways (in my experience) is utilize Currency StrengthsAssist with Directional Bias to evaluate trends Strength/Weakness to judge momentum is a very strong tool necessary to minimize Broker manipulation during occasions and economic releases. Google Movers and Shakers Indior on the FXCM Platform which forms price strengths in real time.

  9. #19
    Please non-executive specialist, #1 article
    save under specialists
    it is just a good helping tool !

  10. #20
    Quote Originally Posted by ;
    quote , If you start the web address in Google Chrome, it is going to ask if you need it trasnlated.
    Thanks. I still cannot loe the URL to download that tool. Lots of screenshots. Can someone please download and attach it?

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