jeudi 16 avril 2015
Gauge the market Sentiment
Posted on 22:18 by nice news
How to Measure Market Sentiment?
This is everybody try to do before opening and closing trades, and its very important too we cannot ignore it at all.
To measure the market sentiments, all major pairs and their crosses checking is the easier and faster way for intraday traders/ for day traders/for End of the day analysis.
but to weekly / monthly traders its might not works, they need more information like interest rates, fundamental, commodities analysis and economic cycle, but again this type of approach helps them for making better entry point for their monthly weekly trades.
in simple words what other currencies are doing around USD is knows as major cross pairs, and then what its counter currency doing around its own counter currency will give you for information than any indicators for intraday trading.
Some logic is here..
eg: EURJPY
first check where EUR is standing now, its simple check EURUSD if its in uptrend EUR is strong/ if down its weak.
second check where is JPY standing at current time, its also simple check USDJPY if its in uptrend JPY is weak, if its in down trend JPY is strong.
This will help you to know EUR strength and JPY weakness or its reverse information, and this eg is apply on all major pairs. And also applied on its crosses.
you may do this checking(grading) on key time frames 1H 4H and daily. if its mix also don't mind to do it on weekly.
Forex is game “a price action”, don’t run behind any fancy Red,Yellow,Green traffic lights.
Forex is like a Car, don’t drink and drive, u must know then drive.
This I post it separately because many friends would like to know about it. it natural analysis and never fail.
This is everybody try to do before opening and closing trades, and its very important too we cannot ignore it at all.
To measure the market sentiments, all major pairs and their crosses checking is the easier and faster way for intraday traders/ for day traders/for End of the day analysis.
but to weekly / monthly traders its might not works, they need more information like interest rates, fundamental, commodities analysis and economic cycle, but again this type of approach helps them for making better entry point for their monthly weekly trades.
in simple words what other currencies are doing around USD is knows as major cross pairs, and then what its counter currency doing around its own counter currency will give you for information than any indicators for intraday trading.
Some logic is here..
eg: EURJPY
first check where EUR is standing now, its simple check EURUSD if its in uptrend EUR is strong/ if down its weak.
second check where is JPY standing at current time, its also simple check USDJPY if its in uptrend JPY is weak, if its in down trend JPY is strong.
This will help you to know EUR strength and JPY weakness or its reverse information, and this eg is apply on all major pairs. And also applied on its crosses.
you may do this checking(grading) on key time frames 1H 4H and daily. if its mix also don't mind to do it on weekly.
Forex is game “a price action”, don’t run behind any fancy Red,Yellow,Green traffic lights.
Forex is like a Car, don’t drink and drive, u must know then drive.
This I post it separately because many friends would like to know about it. it natural analysis and never fail.
Gauge the market Sentiment
Categories: Gauge the market Sentiment
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