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Thread: Currency Strength Meter

  1. #21
    This is new thing to me and it is good, though. I think this will help us to increase our winning percentage in trading. This Currency Strength Meter will let us know the strength of major currencies such as US Dollar, Yen, Euro, GBP, etc. I never use this method because I just seen this just now. Combining this to other trading methods is a good idea to make our strategy works better. But for me, I guess I don't have to attach this indicator to my trading strategy because mine already work well without this and I'm afraid if I add more things it won't make it better.

  2. #22
    Trader megoesspacemego's Avatar
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    Quote Originally Posted by rashid636 View Post
    Currency Strength Meter
    the similar of one spread hilo meter to shows of the currency strength that trader might works of the better to see behind the logics of programmer on referring use of level with the depth on rank to gives of confirmation as preparing the order as managing use with the technical evaluation.

  3. #23
    Curency meters are great tool to determine for exapmple at very beginig of some sesion (usually Tokyo open) which curency will go into corection . That is weakest and strongest curency before session opening. Some 30/40 pips corection is almost sure and safe trade with this kind of indicators. There are variou of the, some have section trough timeframes about strenth/weeakness...some of them showing just a situation in a moment of looking at.

  4. #24
    Quote Originally Posted by strobstrob View Post
    Curency meters are great tool to determine for exapmple at very beginig of some sesion (usually Tokyo open) which curency will go into corection . That is weakest and strongest curency before session opening. Some 30/40 pips corection is almost sure and safe trade with this kind of indicators. There are variou of the, some have section trough timeframes about strenth/weeakness...some of them showing just a situation in a moment of looking at.
    Its best to use currency strength meter according to the market session because a market session will tell you that how much affective market currency pair would be remain for the day and our currency meter will also helps us to know the movement of the that specific currency pair. For example if London session is going on then we can use it for the Euro/Usd analysis and when New York is coming then we can focus on Usd Based pairs.

  5. #25
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    Quote Originally Posted by strobstrob View Post
    Curency meters are great tool to determine for exapmple at very beginig of some sesion (usually Tokyo open) which curency will go into corection . That is weakest and strongest curency before session opening. Some 30/40 pips corection is almost sure and safe trade with this kind of indicators. There are variou of the, some have section trough timeframes about strenth/weeakness...some of them showing just a situation in a moment of looking at.
    Well I don't think that there is any surely in this market about the movement of the market, even people say that trend is our friend but did you have seen that market trend is paying all the time. Nope market trend would not be clear all the time and there are so many fundamental factor's which can change the direction of current trend. This is forex and better to do trade with proper discipline.

  6. #26
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    this looks good indicator and help the traders a lot to decide if they will buy or sell according to the strength of each currency, but it is really work well and give real informations and how this indicator get these real informations to be sure if it is real or fake, but i think it worth to test it and see if it will work well or not and if it works well, so it will change the style of trading totally for many traders.

  7. #27
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    Quote Originally Posted by forexlearner View Post
    Well I don't think that there is any surely in this market about the movement of the market, even people say that trend is our friend but did you have seen that market trend is paying all the time. Nope market trend would not be clear all the time and there are so many fundamental factor's which can change the direction of current trend. This is forex and better to do trade with proper discipline.
    It is not possible for the market trend to be paying all the time, but i can advice you that it is the best because it will pay most of the time. And if you will agree, nothing is perfect, not to say of the forex business that is risky, the trend will do well for you when you know how to manage it well and get the money you need through it.

  8. #28
    I don't mostly depend on any indicator but I take help by indicator which help me to indicate the market. its true that market doesn't follow indicator. currency strength meter is good Indicator no doubt about that but you have to depend on yourself.

  9. #29
    In my knowledge currency strength meter is very helpful. It is very powerful mode for for understanding market movement. This indicator is very good for every trader tools who makes a separate tools and follo this for good trade. It can help us to make good profit.

  10. #30
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    Quote Originally Posted by sms2bd View Post
    In my knowledge currency strength meter is very helpful. It is very powerful mode for for understanding market movement. This indicator is very good for every trader tools who makes a separate tools and follo this for good trade. It can help us to make good profit.
    You are correct, this can help traders to know the movement of the market, but do not expect it to give you the direct movement of the pair you wnat to trade, it will only tell you how weak or strong a currency is, and it will be the trader that will take it up from there. I always appreciate this program more in correlating strategy, not in real trading.

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