society wrote:
Wed Feb 06, 2019 2:02 am
rijay wrote:
Wed Feb 06, 2019 1:54 am
that small play by people is speculation, that does not move currency , interbank transactions taking place when banks open moves currencies,

if usd moves all other currencies will move, that is why it is important to analysing usd index,

for example, if you are tracking eur jpy then when japanese banks are open, jpy will move eurjpy pair, because jpy transactions are taking place on japanese interbank platform. during european session open, eur will move this pair, as european banks are doing transactions on their interbank platform.

but ultimaltely usd will move everything, so what happens to usd in us session on us interbank platform, will determine faith of all currencies for the next day.
this is silly,
its is a global economy, the strength or weakness of a pair is not dictated by what bank is open
also, algos do not shut down when the bank is closed
So what you suggest and or analyze,any of your idea and research ?
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


rijay wrote:
Wed Feb 06, 2019 2:07 am
you know it best
i dont thats why im asking

nok/chf banks both open right now.

how do you determine if it is nok weakness or chf strength that is moving the currency

can u tell?


if usdindex is moving then eur is moving the prices, and if usdindex is static then chf is driving the prices, just because of weightage of eur in usdindex. but it is more complex then this, so better to move with , where price action goes.

mr market is always right.

no one knows what is the demand and supply of physical currency at interbank platform, driving prices, i really do not know, actually no one knows, if some one tells you that he knows it, what is going on interbank platform, then probably he does not know what he knows !

but one thing is sure price action will reflect it on charts on usdindex and eurchf chart read simultaneously. just a thought, if you like it .


Try experimenting individual/single currencies,instruments by heat map,currency meters,ccfp and so on a list of belonging stuff
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

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