This is a very old and great system
you put the 4 main pairs up so you can see them all
I use 10, 50, 100, 200 emas ( I have seen people use RSI as well)
The Eurusd is the pack leader
and see if any of the pairs are out of line
(See the picture in posting 2 below ).
The chf & the pound are very close to the eur
the yen will have a longer chain
and right now with carry trade
I would just watch it I would not use this to trade it
you can use any time frame I like hour
I have a trade on now
1st lets look at the usd/chf & see where it is an the 5 min chart
Cheers
teb
you put the 4 main pairs up so you can see them all
I use 10, 50, 100, 200 emas ( I have seen people use RSI as well)
The Eurusd is the pack leader
and see if any of the pairs are out of line
(See the picture in posting 2 below ).
The chf & the pound are very close to the eur
the yen will have a longer chain
and right now with carry trade
I would just watch it I would not use this to trade it
you can use any time frame I like hour
I have a trade on now
1st lets look at the usd/chf & see where it is an the 5 min chart
Cheers
teb