But it wasn't until the advent of all the online trading that I actually got to trade it in the early 2000s with an MgForex account. I did okay (I think I actually made money on my trades, when I finally accounted for tax). I think my prior experience with OEX options made the difference in that trade. I talk about that a little bit on my other blog, Forecasting Methods http://forecastingmethods.blogspot.com/2009/08/market-physics-looking-at-speed.html).
Below is a chart of EUR/USD over the past few months, Daily. I plotted an indicator called %R below. I've been looking at %R a little bit over the past month or so, and it's an interesting indicator in a way. Basically it seems to be a way of standardizing the data by using the range of the time period (max of high - max of low), and plotting the close as a percent of that range.
Graph of the %R.
As part of this blog, I'll be looking at a lot of the charts and indicators that I used to trade Forex, a little bit, to review them, and hopefully somebody reading this will be able to put in some indicators or techniques that they used.
I used a smoothed version of this indicator called Jurik RSX, when I tried trading it that seemed to work okay. (http://www.jurikres.com/catalog/ms_rsx.htm). I'll talk a little bit more about that someday in terms of filter indicators.
