Thanks for some quick responses already for my daily newsletter which is now officially launched.
Here is one of the queries:
Here is one of the queries:
Interested to get more info about the swing index and the frequency of signals and newsletter?
My answer: Trading based on using swing index is a fairly simple and effective strategy. Basically, at the end of each trading day, I compute the latest swing index for each currency pair monitored (11 pairs in total, i.e. 4 majors + 7 others) after closely studying its price action on that day. The swing index is derived using very specific rules and a combination of customised technical indicators. The index is weighted between -10 and 10 and will be used for determining the strength and direction of the latest market trend. More importantly, the index will be used to identify any arising technical conditions and trading opportunities.
In general, the weight of index gives you the following meanings:
In general, the weight of index gives you the following meanings:
In addition, I will also sort and rank all the currency pairs based on their swing index and trading potentials. Buy/sell signals will then only be generated on those currency pairs with the highest rank. Normally, there will be 1 - 3 qualified signals for the next trading day. And with the inclusion of short and medium targets, the signals can be used for day trades as well as setting up swing positions.
The whole report is included in my newsletter and will be delivered to you five times a week at the end of each trading day as soon as I complete all the necessary "analytical" homework.
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