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Live FX Relative Strength
This is a pilot experiment to stream currency relative strength data to traders. What you will see is live updates of currency relative strength, on screen will be a maximum of 30 mins worth of data updated every 15 secs showing the strength of a range of currencies in relation to each other. This resource is aimed at day traders holding short term positions.
There are many ways to interpret this data one that seems popular is to Trade weaker currencies against stronger ones. So for example is the EUR is a 9 on the scale (strong) and the USD is a 1 (weak) you would look to go long EURUSD.
Let us know any trade ideas and thoughts you may have in the comments section below
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good idea, software needs work though.
http://covert2.wordpress.com
Given that all of these strengths are relative to each other, wouldn't a reversion to the mean trade be in order? Since I started watching a few minutes ago, the EUR is dropping while the USD is climbing.
FX is very "trendy" so if you are seeing one currency being strong and another weak on the meter. Mean reversion is an opportunity to get in with the overall trend depicted by the meter. This is by no means a predictive tool, its telling you what is and what has happened. We use it in our trading process to gauge the probability of trade success by rolling with currency strength.
It is full. Denied!
Currenty is guiding these days.
Euro up=Market up. My chart comparison anyway.
uh oh, I have emailed live stream to give us more room, wasn't expecting this much action.
I got an "Access denied" message since the max viewers allowed = 50.
I stopped my feed. Try again.
This looks like FXCM spam to me.
its not. : )
nice!