Does anyone analyze currency indexes to make FX trades?

T

TraderGreg

I just had the idea that studying currency indexes could be a very good idea (match a bullish pattern with a bearish one and trades would have a both higher potential profits and higher probabilities of being profitable -- makes enough sense to be worth a shot).

Anyway, what do you use to analyze these indexes, and if they are commonly quoted what are their tickers?

Thank you for your time.

Best Regards,

Greg
 
Quote from euclid:

I create my own indices in real time using a proprietary non-linear calculation.
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Euclid,

How do you go about this? A feed into excel? Also, do you chart it?

Thanks,

Greg
 
Quote from davidmaria1:

Thought you meant a data source. DJ charges for this service.
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Any data source is helpful. I'm trying to limit costs now (just realized I've spent $425 on books, and I only have $1500 spare to start with), but I'm very happy to collect any resources I can - even if they just stay stashed in my bookmarks for a while. If the cost is worth it though I will spend the money.

Are you familiar with the product and its cost, as well as any other currencies it tracks?

I also see things like the dollar index on CNBC. Can I get that data anywhere?

Thanks
 
Quote from TraderGreg:

Euclid,

How do you go about this? A feed into excel? Also, do you chart it?

Thanks,

Greg
More...

Calculated and charted in Metatrader.
 

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