LOL!!!
As if THAT is not enough: somebody told me the other day that I look like a ‘Mafioso’ in that picture that I posted on the ‘pictures thread’ (or whatever it’s called)!!! LOL!!!
Anyway: to back up my NEW theory about indicators not working correctly on forex pairs I’ve attached a chart demonstrating what I mean. It’s an hourly chart of the US Dollar Index Futures (but the same applies to forex because this is also traded 24/5).
Basically: for a good few hours there has not REALLY been any SERIOUS trading right??? And yet: MACD (as an example) continues to ‘tick over’. (I’m using MACD as an example because out of sheer boredom I’m trying out that new MACD interpretation as detailed on another message thread). Now if I look at the VIX for example: MACD stopped ‘ticking over’ when the NYSE closed and will only START to ‘tick over’ when the NYSE opens again (and of course the same would apply to equities and commodities).
Just something to back up my observation is all.
Regards,
Dale.
