Subscribe to main site12-31 Monday -99 pips
I was caught short on the USD dollar in the last 3 trading days. This somehow spoiled my chance to end strongly for the month.
From now on, I will be using the table on the
Btw, wish you all have a prosperous new year 2008! Make sure you check out my simple forex day trading strategy. I will continue to devote my efforts in the new year to improve the application of forex killer swing trading strategies.
3 comments:
Hi LLoyd,
Your US Dollar Market Sentiment table has been very helpful. Thank you. How do you figure out the numbers for the table? I'm trying to expand my knowledge of all things doing with trading and I would love to be able to figure out the numbers and maybe even generate the table myself. It's not that I don't trust your figures. Quite the opposite, they are working so well that I'm very fascinated and can't help wondering how they work.
Thanks for your help,
Lawrence
Hi LLoyd,
Your US Dollar Market Sentiment table has been very helpful. Thank you. How do you figure out the numbers for the table? I'm trying to expand my knowledge of all things doing with trading and I would love to be able to figure out the numbers and maybe even generate the table myself. It's not that I don't trust your figures. Quite the opposite, they are working so well that I'm very fascinated and can't help wondering how they work.
Thanks for your help,
Lawrence
Thanks Lawrence. Your support is my spirit to keep uploading the market sentiment table.
For your information, I use 5 separate indicators to help me derive the number (1 - 5) which represents the underlying strength of the studied currency pair. 1 being the weakest and 5 being the strongest in trend. I use 3 moving averages and 2 custom indicators on the daily chart.
Next week, I am going to launch a new table to gauge the market sentiment of the japanese yen. This will increase the tradable current pairs of this day trading strategy from 5 to 10.
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