-SETUP-
UPPER CHART: 6E1! - EUR/USD Futures (1D)
- 50 Ema (purple)
- Jurik-Filtered, Gann HiLo Activator [Loxx} (green/red)
LOWER CHART: DXY - US Dollar Index (1D) (*Inverse)
- 50 Ema (purple)
- Jurik-Filtered, Gann HiLo Activator [Loxx} (red/green)
From a quick glance at the two charts, it might appear that the bottom chart is simply the same as the top chart but employing Line style instead of Candles.
The bottom chart is actually a DXY Line chart but Inverted (Alt+I) with the HiLo Activator configured with inverse colors.
The correlation is rather astounding. Other US Dollar denominated currencies do not share the perceived precision of this relationship.
The HiLo Activator on a single chart would likely provide similar results. The addition of the inverse DXY simply adds additional input.
-TRADES-
ENTRY - LONG - When 6E1! is above the rising 50 Ema ENTER on a Green flip of the HiLo Activator.
SHORT - When 6E1! is below the descending 50 Ema ENTER on a Red flip of the HiLo Activator.
EXIT - On the following opposite flip of the HiLo Activator.
STOP - When the HiLo Activator flips across Price, it creates a point that it then it moves away from.
That point is rarely exceeded on trades that follow the 50 Ema and is therefore the best Stop location.
Moving Stop into the money too quickly could be hit without flipping the Activator! - Judgement Call.
-NOTES-
FALSE SIGNALS - The HiLo Activator will flip at the point when Price exceeds the calculated HiLo range regardless of the candles status.
A flip is not confirmed until the candle closes. (No repaint after close) - A rejection off the Activator ma can be significant!
- Entry: Wait for the flip to be confirmed on candle close.
- Exit: Waiting for a flip will cost gains! Taking Profits early can miss part of the move. - Judgement Call.
UPPER CHART: 6E1! - EUR/USD Futures (1D)
- 50 Ema (purple)
- Jurik-Filtered, Gann HiLo Activator [Loxx} (green/red)
LOWER CHART: DXY - US Dollar Index (1D) (*Inverse)
- 50 Ema (purple)
- Jurik-Filtered, Gann HiLo Activator [Loxx} (red/green)
From a quick glance at the two charts, it might appear that the bottom chart is simply the same as the top chart but employing Line style instead of Candles.
The bottom chart is actually a DXY Line chart but Inverted (Alt+I) with the HiLo Activator configured with inverse colors.
The correlation is rather astounding. Other US Dollar denominated currencies do not share the perceived precision of this relationship.
The HiLo Activator on a single chart would likely provide similar results. The addition of the inverse DXY simply adds additional input.
-TRADES-
ENTRY - LONG - When 6E1! is above the rising 50 Ema ENTER on a Green flip of the HiLo Activator.
SHORT - When 6E1! is below the descending 50 Ema ENTER on a Red flip of the HiLo Activator.
EXIT - On the following opposite flip of the HiLo Activator.
STOP - When the HiLo Activator flips across Price, it creates a point that it then it moves away from.
That point is rarely exceeded on trades that follow the 50 Ema and is therefore the best Stop location.
Moving Stop into the money too quickly could be hit without flipping the Activator! - Judgement Call.
-NOTES-
FALSE SIGNALS - The HiLo Activator will flip at the point when Price exceeds the calculated HiLo range regardless of the candles status.
A flip is not confirmed until the candle closes. (No repaint after close) - A rejection off the Activator ma can be significant!
- Entry: Wait for the flip to be confirmed on candle close.
- Exit: Waiting for a flip will cost gains! Taking Profits early can miss part of the move. - Judgement Call.