What’s the best Currency strength tool?
Currency indexes like FXE (Invesco Euro Bullish) work well to see currency strength.
I find currency strength tools conflicting and when looking at multiple time frames confusing, I have never found them of any use and it effects my mental decision to look at price clearly without bias
Yea, same here. I don’t really see the point of using them
Yeah, usually by the time currency strength is measured and observed you’ve missed the move.
pretty much the same with relying on indicators, by the time whatever you’re waiting to happen on the indicator/s you’re using, the move has already happened
Yea I agree, I don’t use indicators
@DominiqueB… See this thread or have a look at the Indicator on this site…
No Indicators required for either method… it’s a win, win, win for every trading religion…
Interesting thanks for sharing
The beginner's guide to FX trading