Proper trade Entry (“By the Book”):
In the attached you can see the NZD (white) is very strong, and the USD, JPY, CHF falling bellow the “0” line – marked by the RED vertical dotted line.
That’s our “be prepared” for trade entry, but not just yet… We wait for proper timing to go LONG on NZDUSD, NZDCHF & NZDJPY.
The GREEN dotted line signals LONG. Why?
Our bias is LONG based on the Currency-Strength. We wait for the price to be at its lowest (“buy cheap”, daddy said…).
To identify “buy cheap” entry, and minimize DD, we use either the Gadi_OBV, or Tick_Volume Trough, or the “Spaghetti” Trough.
When we go LONG – we want to buy Troughs. Vice versa for SHORTS (SELL Peaks).
I showed ALL of them just for illustration. In practice you can use only one or two for Entry timing confirmation.
…And yes, you can trade ALL three A/M currency pairs…
Green pips, and thanks to simplex.
G.
