- CHFJPYH1.png (36.97 KiB) Viewed 2923 times
Three Charts
Moderator: moderators
Re: Three charts
Next lesson:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Re: Three charts
MightyOne wrote:Next lesson:
Thanks a lot!
Re: Three charts
AUD/NZD - 2D+ extreme
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Re: Three charts
It doesn't look like easy money, but you never know
Re: Three charts
Was not worth the wait...
Normally I would wait for a bar to close above the " ------------ " and then exit at the extreme (since it decided to creep up on 1.1080) but a cone is no place to call home.
Normally I would wait for a bar to close above the " ------------ " and then exit at the extreme (since it decided to creep up on 1.1080) but a cone is no place to call home.
Re: Three charts
Thanks for that, MO.
Here is update on USDCAD..
Edit: Added zoom in of resistance area.
Here is update on USDCAD..
Edit: Added zoom in of resistance area.
Re: Three charts
So, another weekend spent at Kreslik and inspired by TRO I have been doing some statistical analyses for myself.
I was looking to trade the monthly ranges of pairs with fairly consistent movement each month.
I defined the range as High/Low, so a percentage relative to the interval's low value.
If the average range is large and the standard deviation is low then I believe I have a good candidate.
Looking back over the last 5 years I made these observations (I will update here if I find any errors):
- NZD/USD (range 1.065) seems to be the best with respect to large and consistent movement, alternatively NZD/JPY (range 1.062).
- If consistency is most important then AUD/NZD (range 1.033) or EUR/GBP (range 1.033) seems the better choice.
(Example: if we caught the monthly low on AUD/USD tomorrow then based on the last five years we could expect price to go to about 0.729*1.0664 = 0.777, which is 480 pips within the next month)
Monthly ranges over the last 5 years (listed by largest average first):
I was looking to trade the monthly ranges of pairs with fairly consistent movement each month.
I defined the range as High/Low, so a percentage relative to the interval's low value.
If the average range is large and the standard deviation is low then I believe I have a good candidate.
Looking back over the last 5 years I made these observations (I will update here if I find any errors):
- NZD/USD (range 1.065) seems to be the best with respect to large and consistent movement, alternatively NZD/JPY (range 1.062).
- If consistency is most important then AUD/NZD (range 1.033) or EUR/GBP (range 1.033) seems the better choice.
(Example: if we caught the monthly low on AUD/USD tomorrow then based on the last five years we could expect price to go to about 0.729*1.0664 = 0.777, which is 480 pips within the next month)
Monthly ranges over the last 5 years (listed by largest average first):
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.