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Re: Rijay's System of Moving Averages

rijay, Fri Oct 18, 2019 3:33 am

this is how after convergence points are identified, a fast and large price action should threaten the trendline , this move will catch traders on wrong side

prices will tend to pull back towards the previous days close prices often before resuming its move for the day, as previous days close price is the most important for major banks,( interbank close), so is very important is the close at US market closing prices,

and exchange close price for stocks and indexes


looks like us dollar strength started with start of us china trade war is going to end now with this beginning of end of trade war, and EUR and GBP are showing it as early change.

though looks like too early to predict ! just what longterm technical charts are telling on GBP and EUR based on moving averages only.



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more optimal setting of jurik_smooth_ribbon_nmc( to match with macd)

smooth 1 period=12
smooth price= close
smooth 1 phase= o
smooth 2 period=50
smooth price= close
smooth 2 phase= o
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for any country's currency, two close price are important

one is where is the close price on that country's interbank platform close. and other is where is close price of that country's currency on US session close(as that is decisive for daily candle close)

depending on how is closing on us session , the next day prices will open on that country's interbank platform and then will pull back to the previous day's close price on that country's interbank platform, and then again restart the move for the day in the direction of the trend.

this is also true for any other instrument like stocks and indexes

only in <10% of the time when there is very strong trend that this pull back to country's interbank close price level will be shallow.




price and volume move will come at

london open
tokyo close
us open
london close
us open
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