Forex Relative Strength Analysis Report For Week Starting 11/22/20 - Part 2

0

  • 81
  • 0
  • 0.645
  • Reply

  • Open in the desktop app ADD TO PLAYLIST

    rollandthomas

    Published on Nov 24, 2020
    About :

    In the foreign exchange market 90% of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it's always against the U.S. dollar, using the daily time frame chart. But what do you do when all the major currencies are strengthening against the U.S. dollar...you trade a cross pair. A cross currency pair is one that consists of a pair of currencies traded in forex that does not include the U.S. dollar.

    Check out this video that explains how I would use this weekly relative strength analysis report.

    https://www.aljazeera.com/economy/2020/11/16/dollar-may-drop-20-in-2021-on-covid-vaccines-citigroup-warns

    https://leofinance.io/@rollandthomas/forex-relative-strength-analysis-report-for-week-starting-11-22-20

    MY TRADING METHODOLOGY IN A NUTSHELL BELOW

    I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

    I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

    Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
    Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
    Daily Charts (entry time frame) – which represents being on the football field with the player.
    4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

    Tags :

    leofinance forex commodities usdollar

    Woo! This creator can upvote comments using 3speak's stake today because they are a top performing creator! Leave a quality comment relating to their content and you could receive an upvote worth at least a dollar.

    Their limit for today is $0!
    Comments:
    Time until rollandthomas can give away $0 to their commenters.
    0 Days 0 Hours 0 Minutes 0 Seconds
    Reply:

    To comment on this video please connect a HIVE account to your profile: Connect HIVE Account

    More Videos

    02:30
    26 views 5 months ago $
    20:04
    15 views 2 years ago $
    18:25
    6 views 2 years ago $
    02:03
    0 views 2 years ago $