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I understand what you mean about short-term interpretation but I have found CD useful in some breakout and trend scenarios, though I'm still experimenting. For instance, in a trading range you'll usually see CD generally follow the swings within the range, but there will be times where there are...

New to it, been studying it. Question: Say price has a good upside breakout of a range but on strong negative delta, then maybe a shallow pullback, then the uptrend continues on positive delta. Wouldn't those first up bars with that delta divergence indicate "absorption"? Thankye.

I'm the mood to argue with an dolt tonight on the interwebs so I'll take on the guy who made the video in the first post. First of all, did anyone not see it coming that this was not going to be a chart of any financial market? He could have just as easily used a randomly-generated chart and...

To answer the question "How to Become Better at Technical Analysis" I'd say start with familiarizng yourself with the fundamentals of market structure. Start with the basics, reading the classics like "Technical Analysis of Stock Trends" by Edwards and Magee and/or "Technical Analysis of the...

I have no interest in proving to the OP that TA works, a ridiculous request. However, if he is interested in doing his own research, I will give him some excellent places to start: These guys are the best Wyckoffians I have ever seen. They have many free videos on YT analyzing the current...

Just received news that David Weis has passed away. I put this in the TA section because David was one of the great market technicians and certainly one of the great "Wyckoffians" of his time. He and his daily market analyses will be missed.

Does ET have that? Can't seem to find it. Thanks.

Thanks all, these are great suggestions. Re: Cointegration. I understand that instruments that are highly correlated may not be cointegrated, but will instruments that are cointegrated also be highly correlated?

Sierra Charts. Has all the standard indicators and other goodies. Thanks.

One can overlay two charts for this and course they will switch back and forth, but is there an indicator which would show this? Suggestions appreciated.

https://www.dropbox.com/s/llc46qhu8d63fh3/Chart 1 AUD-X.gif?dl=0 https://www.dropbox.com/s/cmmf958syt6b0hh/Chart 2 JPY-X.gif?dl=0 https://www.dropbox.com/s/x8op8czwp9jalbn/Chart 3 AUDJPY.gif?dl=0 I haven't posted here in a while, not sure how well the chart attachment works so I also provided...

Thread title pretty much says it all. Recommendations much appreciated! Also sites with downloadable data would be great. Thankye!

One thing I was considering was along the same lines of comparing the indexes, the strongest vs the weakest, and looking at those pairs. I'm also interested in using the indexes with Relative Strength.

Ok, I seen the reasoning of that now. I really like the idea of using correlations to refine the index and will definitely look into it. Thanks a lot.

Thanks for the suggestion. As I said, math is not my thing. So I think you're saying the more positively correlated pairs would have greater weight, the more negatively correlated pairs less weight, with the weightings changing as the correlations changed with fresh data. Could this be done in a...

You just check a box in the chart settings, "Invert Prices".

Interesting site. I checked their index against mine. Very similar. So maybe it isn't a dumb idea. Thanks much.

I know there is an FX forum but I thought I'd ask here because a lot of you are math and statistic guys, which I ain't. Does it make sense to create a custom index in my charting program (Sierra Chart) of, for instance, the AUD, using the pairs I trade - AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD...

https://www.dropbox.com/home?preview=EURUSD+March.jpg This such a beautiful base. It is also a continuation of the analysis from my previous post. There we saw some strength in the downtrend from A to B as most of it is in the upper-channel (drawn 123) and at B there has been declining wave...

Clever, but this ignores the validity of my price structure analyses. I don't much care if you're making money off of me, I'm sure a lot folks are, I only care that I'm making money.