Currency Strength Calculator Strategy Discussions

[broosa101]

knowing streght of currencies

pls how do i use the currency strenght cal to trade a pair for that day?

 

[RetDoc]

aNOTHER QUESTION: iF calculator has a statistical number of working (accurate) day/week/etc. relationships. Does it correctly predict two days then off a day then two more days, then off a day and so forth. Is there some historical pattern ratios that would be good to know?

 

[sam111]

Friend cannot say mush about calculators. Yes i can say that it will only show you the target for the day. But not for coming 2-3 days or the previous once.

 

[rpaco]

It does not predict anything for any period. It just shows the past and the recent past.

 

[Pharaoh]

It does not predict anything for any period. It just shows the past and the recent past.

Very true.

The calculator is really showing the relative strength as a trend. You have to look at various factors and make your own prediction about whether you think that trend will continue, continue after a correction, reverse, or just fail and start to drift sideways.

Indicators cannot predict the future. They are just tools that can (hopefully) help you predict the future with at least a little accuracy.

 

[Surahman]

Felix's Monthly Investment Pick for June (https://www.forexpeacearmy.com/fore...t-pick/2428-my-june-2008-investment-pick.html) was based on using a currency strength calculator.

Today, the Forex Peace Army added a new currency strength calculator. This thread is the place to discuss your ideas on how to best use it to enhance your trading profits.


Forex Relative Currency Strength Calculator

From the 'Relative Currency Calculator Strength Calculator' we can find out the pass inclination of each major currency so how to predict those inclination for the future based on the pass 'Relative Currency Calculator Strength??

 

[jephthah]

relative currency strenght

how can one make an effective fundamental analysis from the relative currency strength calculator? this will make the system more profitable.

 

[jephthah]

currency strenght calculator

i was trying to get the currency strength analysis for this week but the feedback was all zeros. is it not possible for one to get a forecast for the current week.

 

[Jerry Pinson]

How Does the relative currency strength calculator work?

 

[bearkiller]

The Currency Strength Index can be used as a way to trade a specific pair.

The calculator that is on this site would be great for a trade that is going to last longer than a day or a week. By charting the information taken from the calculator, you can see a trend in STRENGTHS of currencies.

In an ideal situation:
For example; If one currency has been gaining momentum for 3 weeks, it probably will continue to hold that pace (baring any outside influences). Pair that against a currency that has been loosing strength for 3 weeks, and you just may have a strong trade.

The other way to use the calculator is to use it to check the information you see before you make a trade. By using technical analysis, the information you see can be different from what is going to happen. Like trading the news for example.

What would really be nice is a currency strength index that can be seen in real time. Watching a strong currency get stronger, while watching a weaker currency get weaker would create a good trade opportunity.

Thank you Felix. I like to see the history of these instruments.

BEAR