The basic relative strength readings over various periods ranging from 3 hours to 3 months as shown below. If you want to try it, you can try for 30 days, which is what i should of done. Now, Rob runs the tfl The Degree indicator provides essential trading information for Forex Traders who are trading manual or automated Forex Strategies. You can change the currency by clicking on the currency you want to view in Table 1.
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The basic relative strength readings over various periods ranging from 3 hours to 3 months as shown below. The figures in the blocks show by how many pips the currency has weakened or strengthened.
The red blocks show weakened currencies and the green blocks show strengthened currencies: You will notice that relative strength is measured in time periods that are not in-line with chart timeframes.
This way of measuring relative strength has evolved by user experience over the years and the time periods in place have been found to be informative. Relative strength using short term time frames 1 minute, 5 minutes, 15 minutes, 1 hour etc.
Relative strength trading is intended for longer term perspectives. Table 2 breaks the Currency Total column down into the various other currencies that make up the total column for a selected time period shown in the top left corner. This detail is important as when deciding to trade a particular currency cross. You can change the time period by clicking on the time period heading you want to view in Table 1.
Table 3 allows you to compare a particular currency with all other currencies and all other time periods. The EUR was specified in the above example as shown by the currency in the top left corner of the table. Again you can see that the EUR row in table 2 in reflected as the 1 Day column in table 3 to give a different perspective. Most traders use indicators to take trading decisions. To watch the indicators on say 20 currencies in up to 6 timeframes would require you have indicator charts open.
Again the Degree indicator shows you the exact readings of more than or more indicator charts in one simple table. You can then use the indicator readings to identify overbought, oversold, sideways and trending currencies and enter according to your trading strategy.
Over bought readings are where the price has strengthened considerably and where reversals are more likely. Over sold readings are where the price has weakened considerably and where reversals are more likely. A possible trading process when using the relative strength part of the Degree Indicator. Use the indicator to identify the strong and weak currencies in your favourite time periods and formulate a trading strategy — e. Use the Multi-period Indicator to identify trading if there are any trading opportunities for the currencies identified in Step 1 when using your favourite indicator.
View the chart of the currency you want to trade to confirm your decision and place your trade using an EA or a manual approach. The possible trading process using the multiple time frame part of the Degree Indicator. Find overbought, oversold, trending currency trading opportunities from the multiple time frame Indicator table. Check your trade identified to see if you are trading a strong currency against a weak currency. The possible trading process using ANY trading technique.
Check your trade identified to see if you are trading a strong currency against a weak currency or if there are conflicting indicator signals. View the chart of the currency you want to trade to confirm your decision and place your trade using an EA or a manual approach..
Both these 2 groups of traders benefit from knowing which are the strongest and which currencies are the weakest currencies.
The trend trader will Buy strong currencies and sell weak ones. The contrarian trader will look for opportunities where strong currencies reverse or weak ones strengthen. In order to enter trades the trader will use the trading charts using support and resistance or indicator signals.
I can't believe how stupid my trading had become because I was too lazy to check my trades against the trends created by strong and weak currencies. It is so easy to fall into bad habits without noticing it. I thought the market was just out to get me. Now I can trade with much more confidence. The Degree indicator provides essential trading information for Forex Traders who are trading manual or automated Forex Strategies. It does not trade for you and is not a continuously traded EA at all.
The indicator is in EA format. It is a non-trading EA. The Degree Indicator is unlimited and will give you relative strength information on all currencies and time periods. Your purchase allows you to use the indicator on as many charts and as many times as you like as long as you do not use it more than 2 computers at the same time.
Also included are free updates and support. If you have any questions or comment please use this facility: We now accept BitCoin as a means of Payment. Please use this link for more information: He is not really a trader. His "lifetime" membership does not deliver on the daily trade or chart analysis and definitely not on the daily trade signals. He appears to swing around trading fads, and the current one I think is robots, rather than what members originally paid for. He seems a nice guy on the whole, though forces artificial chumminess, marketing style.
The dark side is real, not a joke. Hoping to see and chat to lots of different traders and styles i was disappointed to see nobody in the chat rooms and they only have one system, Rob bookers' T4 SYSTEM that you have to buy, learn and use, I realised I'd mistakenly paid for a yearly subscription. I contacting them after 7 days and they refused to give me my money back. If you want to try it, you can try for 30 days, which is what i should of done. Don't make the same mistake as me. Great marketer- like Zack says above statement.
If you got money to burn and want to be entertained, its worth a go. Don't expect to bank pips like they claim. Some trades weeks are horrible.
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