rijay wrote: ↑
Sun Jun 10, 2018 2:42 am
There r different elements that u can consider.
Strength can be based purely on price action
, or daily ranges for intra day trading,
Or can be based on indicator strength
Among many methods.
Alright, then lets look daily range for example. Lets say at the beginning of day we have :
EUR(i)/USD(i) = xi, USD(i)/JPY(i) = yi, EUR(i)/JPY(i) = zi
and at the end of day
EUR(f)/USD(f) = xf, USD(f)/JPY(f) = yf, EUR(f)/JPY(f) = zf.
From the above six equations its still not possible to get the quantities (EUR(f), USD(f), JPY(f)) or the change (EUR(f)-EUR(i), USD(f)-USD(i), JPY(f)- JPY(i)). Right?
Or am I missing something?