Soporific Monday Wrap Up
No, I didn’t forget folks – here are today’s wrap up videos.
Zero was trading in a tiny range today – but interesting session nevertheless.
ZeroFX was a bit slow due to Easter Monday being celebrated in many parts of the world. However I found a few good signals in there. Again, watch out for those blue spikes – which as I already pointed out previously are most prominent on the live chart – i.e. they disappear when I load 1-sec based historical data.
Now I have watched those for nearly a month now and almost without fail those signals precede a reversal. The stronger the signal the stronger the reversal. This is good news for you FX traders as I have hatched a bit of an evil plan. What I’m going to do in the next few weeks is to continue mapping those spikes – eventually I will put together something akin to an alert system for subscribers. Meaning, if you subscribe to ZeroFX you won’t have to watch the tape for 24×5 – I mean, who (except Scott and yours truly) is that crazy? Instead my plan is to send out email alerts when those signal sigma events (hey, I like that) happen. This way you guys will be able to rush to your own charts and correlate buying/selling exhaustion events with your own trade setups. So, not exactly a trading system per se but maybe something even more valuable as it will support scalpers, swing traders, and even medium term trades looking for good entries.
I’m also experimenting with other types of visualization for ZeroFX. Since those signal sigma events are the money I am currently running them as a histogram for myself. This way there are actually a bit easier to see IMNSHO – but I would welcome your input of course. Again, many of the past signals are not on this chart as I reloaded NT last night. You can still find them in previous video updates in case you are curious.