Traders love volatility – usually the more the merrier. But the recent volatility in the USDCAD has been historically high.
That kind of volatility is usually only found in a market crisis. But this one has been all about crude oil.
Look at the following chart of The USDCAD pair for the past 6 trading days.
The level of volatility is really great – more than we usually see in several times the amount of time.
There was almost 6 and a half cents movement between the high and the low for the period! And there were more than three oscillations of more than two cents each.
If yo are going to trade that kind of volatility, you need indicators that you can really rely on – being on the wrong side of such a market can be very costly.
My RMI is such an indicator. It consists of two oscillators: a YELLOW line and a CYAN line.
Interpretation is generally:
Both lines above price bars and rising – generally bullish
Both lines below price bars and falling – generally bearish.
CYAN line above the YELLOW line is bullish.
YELLOW line above the CYAN line is bearish.
Directional and positional reversals – change in price direction likely.
There is much more to the RMI as well.
I use it to plot those horizontal lines – a week in advance.
You can get the RMI at the TradeStation App store: RMI
Exchange rates table is provided by DailyForex.com - Forex Reviews and News
Live currency cross rates is provided by DailyForex.com - Forex Reviews and News
Live indices widget is provided by DailyForex.com - Forex Reviews and News
Live commodities widget is provided by DailyForex.com - Forex Reviews and News
Author & Trader
Great system – couldn’t trade without it !!Frank YDavid, Panama
“The SRV’s are amazingly accurate”.Tony Texas
the SRV’s are spot on !!Tom CUSA
Thanks for the method !! Very solid, very logical entry and exit and genius SRV’s !!Denis DRussia
….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!Richard DUSA
I trade the US Bond Markets exclusively – amazed at the accuracy of the SRV’s !!George SNew York, NY
- May 2017 (1)
- January 2017 (1)
- December 2016 (3)
- September 2016 (2)
- August 2016 (2)
- July 2016 (2)
- June 2016 (5)
- May 2016 (1)
- April 2016 (2)
- March 2016 (1)
- February 2016 (3)
- January 2016 (3)
- December 2015 (1)
- November 2015 (3)
- October 2015 (5)
- September 2015 (5)
- August 2015 (2)
- July 2015 (5)
- May 2015 (1)
- April 2015 (1)
- March 2015 (1)
- January 2015 (1)
- November 2014 (1)
- October 2014 (1)
- August 2014 (1)
- July 2014 (6)
- June 2014 (3)
- May 2014 (5)
- April 2014 (2)
- March 2014 (2)
- February 2014 (2)
- January 2014 (10)
- December 2013 (11)
- November 2013 (20)
- October 2013 (13)
- September 2013 (14)
- August 2013 (10)
- July 2013 (26)
- June 2013 (16)