Internal Strength Trading

[dusant]

Neil4x,
Thq indeed for your kind words. And the links.
However, the Comparitive RS is a standard charting tool which cannot be applied in the case of the forex pairs. It can be applied (as a standard tool) between two stocks, indicies and so on.
However, please go back to my charts, and if you would notice, all the CHF pairs were displaying weakness ahead for the CHF.
Ergo, look for a pair where you could short the CHF. And since the JPY is showing its own internal strength, logically that would be the best pair to short.
I would not choose the EURCHF because the EUR also was showing signs of weakness against the dollar.
My simple motive is not to massage my ego by proving that I was right. Its to select the most likely pair where the odds are tilted in my favour.
I have learnt after several bitter experiences that I do not want to hazard predicting the market. I would rather follow.

Dusant

[adriano]

does someboday knows this software? i would like to exchange my knowledge and discuss about it and share expiriences

[dusant]

adriano
If you are asking about metastock, its a commercially available software, like any other technical analysis software. A google search will give you tons of links to Tech Analysis software.
If you wish to exchange your experiences, you are most welcome to do so here. Let us all learn, as we are doing right now.

[dusant]

Greetings folks,
Here is my daily update of the charts for all majors. This is as on 01:30 (NY)/ 06:35(GMT). My data service was on the blink yesterday, hence, the update yesterday was not up.
Best Trading.
Dusant

[dusant]

I hope my method of analysis has been convincing. I did make some good money in my CHFJPY short.
Dusant

[dusant]

Warm greetings traders,
I have updated my charts as on 10:55 (GMT)/ 05:55 (NY) time.
Here is the link to connect to my charts page..

I may add, that I have placed a protective stop loss on my CHF:JPY short, to lock in profit, in case it suddenly reverses.

Cheers,

Dusant

[dusant]

Hello Traders,
Here is my daily update, as on Nov 11, 07:00 (GMT)/ 02:00 (NY).

Happy Trading

Dusant

[dusant]

Greeting again, folks.

My latest charts update is here. Click this link..

Thanks to those of you who have sent me private mails. I appreciate your queries etc., but also would appreciate if you post them here so that all questions can be addressed and answered for the benefit of all members.

I am just posting answers to some of the questions directed to me by mail.

There is no mathematical relationship which I have been able to really trade using the two Internal Strengths of each currency in the forex pair. Its just a matter of using a little common sense.

As I had illustrated earlier, about my short trade of CHF:JPY. I chose two currencies first.

One which is strengthening, and the other which is weakening. Then I compare the technical positions of each currency with its other pairs. As explained earlier, the CHF Int Str alerted me that we are going to have a quick down move. The next problem is chosing the pair, either to long or short. So I inspect all the charts which have the CHF in the pair. Then I shortlisted the CHFJPY, because the Yen was also strengthening.

I have devised this mathematical relationship with some complex inputs to arrive at the Internal Strength Indicators.

The preliminary maths I have worked out in Excel. The secondary maths in Metastock.

I am a graduate in Commerce with Statistics as my specialisation.

So far I have not been able to devise a stable Internal Strength Indicator for intraday trading. That should just be in a week or two. So keep looking at this space for more details.

And finally, thq all, for the kind words.
Dusant