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Currency Strength Meters


hermes

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You are right juicyt, meters are good only for short TFs like 5-15-30M. The trade should always start with checking the economical calendar (ForexFactory) then check a reliable currency meter for strong and weak currency. Than put the pair on chart to see visually what's going on and apply your reliable indicators template to the chart to get the whole picture. If you have even slightly bad gut feeling don't!

I trade on H1 TF but check also the H4 for harmony.

What I am looking for is reliable currency meter. Those 2 above looks reliable.

Cheers Hermes

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sent email.. I wonder if the meter on that link I sent you would be good for trading currency crosses (using the 5min or 15min settings) then once the right pair has been chosen, picking a pullback and entering the trade. For a meter of 5 or 15mins I would imaging you might be able to trade 1hr or 4hr charts.. If only we had more time to check everything we think of.

 

Juicyt

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  • 2 weeks later...

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