Composite indexFun times. One has to switch to monthly charts to spot previous lows or highs.
I might skip trading this week so things can settle down. Or, if I'll have time, do some scalping. For this I use "composite index" of major pairs plus CNH (or CNY) on different time frames, which shows me direction for each pair. It's not precise as a scalpel, but still can be used for scalping, however weird it may sound :)
In addition to this, standard ABC(DE) patterns can be used.
Hope you'll find this piece of information useful and practical.
From 2007 to today:
5 years:
1 year:
YTD:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
