The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies 02/01/ · The index basket is designed to be as easy to understand as it is to trade. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world: The Dollar Index Basket began on January 1, , at a value of 10,Estimated Reading Time: 2 mins Forex Rates. View live forex rates at a glance and be well placed to enter or exit a trade. You’ll find real-time rates on currencies, commodities, indices and cryptocurrencies, keeping you
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I am using Bernhard's Advanced Currency Strength28 and Speed impulse in a unique way - basket trading. I invite you to think outside the box. This is my experiment, forex currencies basket live daily, not a recommendation for trading unless you test it yourself with consistent results. I want to document as many demo trades as I can to convince MYSELF so that I can trade this method live with confidence.
The trade logic: If one currency shows strength and none of other currencies stands out, it is better to buy all pairs with the strong currency. Some currencies will go the opposite direction, which is great for the trades. Some currencies will move in parallel with the strong currency with forex currencies basket live daily strength less angleforex currencies basket live daily trades will end up with smaller profit or near break even.
Overall basket trades make a net profit and that is the goal. My time frame for entry is always M1 if not noted. If I am comparing time frames, they are M1, M5, M15 from left to right and sometimes with H1 added.
The following trade was my 1st experiment. The SPEED shows a single sided GBP alert at the vertical line. ACS28 matched up with Golden Angle at that time. Without hesitation, buy all GBP pairs. I am using the free dashboard just for execution of basket trades. I am not using any other functions or numbers in this dashboard since I don't understand them.
Focus on the angles. A steep angle means momentum. The indicator draws one line through zero to mFib23 and the other through zero to -mFib The following is a trade of JPY yellow long. All ACS28 angles are close to Golden Angle lines. Buy JPY basket. The CAD lime trade below was a shaky one because the ACS28 was beyond mFIB already. I closed all trades fast anticipating a bounce back.
The following trade was acting on Speed. Forex currencies basket live daily angle in ACS28 was close to Golden Angle but not perfect. GBP was over-sold. This is an iGap type. It is afternoon here New York time.
Market is quiet. Let's see if Impulse can make some pips. ACS28 does not look perfect, but what the heck. Let's buy JPY yellow. Now Asian session. JPY is active. This trade is based on sharp downward angle of CS28 and a dropping Speed. First trade in the morning here New York time. JPY yellow in ACS28 3 time frames was pointing down. I knew there was a limit for this move because M1 mFIB was below over-sold.
Once I saw flattening in M1 I closed all trades. There was a 2nd push right after I closed the trades, forex currencies basket live daily. The next trade was short CAD lime when I saw ACS28 matching the Golden Angle vertical line. I closed trades too soon in hindsight.
Short CAD again. mFIB exceeded. DD was more than 20 pips at times. Don't do it again. Rules are rules. From here on I am using equity manager 20 pips SL and TP RR. The entry may have been a little late. Minutes later, forex currencies basket live daily, the picture has changed. Reversal started from the smallest time frame.
Now it is too late to do anything. For short term trading scalpinga quick in and out is the key. Market can turn on a dime. Look at this USD red buy signal at the forex currencies basket live daily line where ACS28 was up in all 4 time frames, but failed. CAD lime looked decisively up. Buy all CAD pairs. This is a poster child ACS28 signal, very strong golden angles in at least 2 time frames.
Market went up some more since trades were closed. Lessons: My entry in M1 was later than the CAD Speed alert. My exit was way too early at least with respect to CADJPY pair. I added a note, when ACS28 above mFib the signal is often a reversal. losing trades don't count because they did not follow the rules.
JPY yellow looks weak. Sell all JPY pairs. My entry was minutes later than golden angle crossing. From the 1st pic forex currencies basket live daily might think EURJPY is a better pair to short.
It is in this case. Base and quote are clear. You may trade the double gap and make out good. Read my conclusions at the bottom of the blog.
I will start recording losing trades as well so that I can have some statistics on reliability of this method. I will make a note if rules are violated. Live trades below. EUR the white curve is moving sharply down for unknown reason.
All time frames agree. No time to sort out which quote currency to pair with. How could I? It was like picking out two spaghetti strings out of a bowl. Sell EUR basket. Here is an example. The Impulse showed bullish JPY sell EURJPY right? The C-Volume bottom window is outside of the normal trading range. Do not follow Impulse. Trade the reversal.
Here is some heavy stuff, working with other indicators. Are you familiar with One2One pattern? The green zone is for buy entry. The C-volume supports this pattern as well as the demand zone nicely. M5 for this illustration. Although I set basket TP 20 pips, trades often closed beyond 20 pips. Follow the JPY yellow at the vertical line. Looking good for up trend, yes? It is on the outside gap above mFib the green horizontal dash line. Steam soon ran out. No clear quote currency showed downward movement in M1.
Sold JPY yellow was a quick loss, forex currencies basket live daily. The rest of the currencies did not want to move up.
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The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies 24/04/ · Unlike other currency strength meters, the over-bought and the over-sold conditions in currency strength28 are quantifiable by the mFib levels. C-Volume is the icing on the cake. 5_30 Buy GBP (blue) basket. +59 pips. M1 setup: 6_2 Live - Buy JPY (yellow) basket + pips. M1 setup: 6_2 Sell CAD (lime green) basket +41 pips. M1 setup:Estimated Reading Time: 7 mins 02/01/ · The index basket is designed to be as easy to understand as it is to trade. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world: The Dollar Index Basket began on January 1, , at a value of 10,Estimated Reading Time: 2 mins
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