to absolute strength indicators for you
today traders it's a lot of strength
let's get it so depending on how long
you've been with the channel you should
have seen this video coming if you
haven't or if you're a little bit
confused we will explain so in this
video I'm going to show you both
absolute strength indicators that I have
put up on this channel at some point one
of them was sent out to you and another
one was pretty much put up by mistake on
my part and people are asking about it
they're like wait a minute that's not
the same one you showed us before so I'm
gonna show you both of them and to give
you links down below to where you can go
get them and then we're gonna like to
another indicator that many of you are
familiar with it was also sent out this
is gonna be that video where you just
kind of get them all so if I've never
sent to you anything personally today's
a good day because you're gonna get a
lot and then I'm also going to talk
about something I think it's appropriate
to talk about it now a question I get a
lot on the dollar evz volume tool that I
gave you guys back in the volume
volatility video common question I feel
like now is probably an appropriate time
to answer it but I don't think this
video is gonna take terribly long with
all these things we got going on but
let's just go ahead and get into it
anyway so the story on this is I used to
have an email list used to past-tense I
don't anymore so don't ask about it
where I sent out indicators to people
and I got rid of it because I just
didn't use it often enough and it was
getting expensive but let me repeat
myself I do not have an email list
anymore don't ask to be on it and also
don't ask me to send you all the stuff I
sent other people before that's a
ridiculous request I'm not going to do
that because everything I have sent out
later became a video on this channel so
this video you're watching
right now is going to take care of
everything else at the very end that I
sent out before I shut the email list
down so you're not gonna miss out on
anything now but I do know that even
after I say all this I'm still going to
get requests for all of these things
that no longer exist so I've taken my
contact form down for a week just to
prevent this from happening and I'm
still sure it's going to find a way to
happen but I am upping my odds
so no contact form this week traders
sorry please understand but let's talk
about why we're here
absolute strength indicator is an
oscillator and there's a histogram and
they cross over a little bit doesn't
matter because I'm gonna have links down
below where you can download both them
or you can go to the places where you
can download both of them and I would
really consider both of these to be top
100 educators I have not gone over my
top 100 to see where everything fits and
reshuffle and add and subtract and
things like that in a while
but as of right now they are quality
enough to be in my top 100 they're both
confirmation indicators and they're both
two lines cross indicators if you have
seen the trend indicators video you know
what I'm talking about if you don't that
is a video you need to go see I will
also link my beginners video down in the
description as well so you can go watch
that and then you will have a much
better idea of what order to go in if
you want to watch this entire channel
which I suggest you do if you're lost at
any point in this video it's because
everybody else is caught up and you're
not but that's fine I'm just gonna show
you the easiest way to go about it if
you'd like to get caught up with
everybody else but we need to go ahead
and go to the charts so I can show you
what these things do okay so this is the
first one of the two now we are on the
Eurodollar daily chart as we often are
and here is the indicator with the
histogram now you guys know me I don't
like histograms I'm gonna be taking this
off and I'm going to show you how to
take this off but basically what you
really want to avoid are these short
little areas here where the colors only
the lines only crossed for a very short
time those are almost always losses the
ones with about four lines are often
losses and then the bigger ones are
really nice wins so this doesn't look
too bad doesn't look too good either
remember volume has been low overall
this is one of the absolute worst pairs
to trade and I have not tweaked the
settings on this at all so the reason I
do that for the most part is if we can
even get something out of these
indicators in their absolute worst form
and their worst situation then you can
do a lot of damage just by a few minor
changes here and there and putting it on
other currency pairs so after you have
downloaded these feel free to play
around with them and see what you can
make out of it my traders who have
gotten this and used it in the past have
said really really positive things I bet
there are probably hundreds out there
that still use this very indicator today
so take this one seriously I'm going to
get rid of the histogram and you do that
by god I hope I'm doing this right I'm
gonna shoot the video again if I get
this wrong I'm going up here to the top
and going down to none like that say a
prayer okay good so anytime the blue
line crosses above the red line that is
the signal to go long so it would not
have been on that candle there it would
be on this candle right here so if you
went long here not much has happened yet
but we'll see what happens there and
then when the red crosses I'm sorry when
the Red Cross is up like this that's a
signal to go short so you would have
gone sure not there but there and
there's a 32 pips in there for you
probably was not enough for win
so not much going on here but you can
see when it hits it hits and it hits
good there but there that was nice all
that sucked
we're right here got you in a pretty
early part of this trend now a lot of
trend indicators would get you in here
the key is to find trend indicators
which gets you in early and don't give
you a ton of losses now even though you
see some losses here remember this is a
bottom of the barrel scenario and you're
going to be adding a second confirmation
indicator to this a volume indicator a
baseline you know things just get better
and better and better so be optimistic
when you see these now I am going to go
ahead and get rid of this one and show
you the other one they are related you
get them from different places so I'm
thinking the creators put them on
different default settings I'm not sure
if the backend mechanics are any
different but we're gonna go ahead and
pull this one up here and just keep it
on its default settings and there you go
so a little bit different I think this
one in got you in a little bit later
actually got you in a better price about
that so the two lines crossed when the
green goes above the red that's a long
and then when the red goes above the
green like that that's a short pretty
simple stuff this one by title is called
the absolute strength oscillator the
other one was called the absolute
strength histogram I think the creator
of this one also called it the absolute
strength histogram even though there's
no histogram on it kind of confusing but
they do the same thing and they're just
a little bit different and I have had
success with both at different times in
my trading career too so pretty excited
to bring these to you
and play around them use them the way
they're intended if you have any
questions on you know how they fit into
the overall scheme of things it's
probably just a matter of you catching
up with the channel so make sure you go
to that beginners video and watch
everything and then all of this will
make perfect sense
so two indicators with very similar
names that do very similar things but
are just different enough to where you
can really take advantage of that and
play around them and tweak them and find
one that fits the system you already
have pretty good chance that one of them
will perform better than the other and
can add value to what you're already
running traders down below in the
comments section if you still use one of
these indicators let us know I'm
interested to see after a certain amount
of time has passed how many of you are
still having really good success with
these so much to the point to where it
is your main confirmation indicator to
this date that'd be really cool if I was
able to give that directly to you at
some point and possibly that will
motivate some of the traders that have
never seen this before to really get in
and start tweaking and testing and doing
everything they need to do with it but
as promised we got more stuff down below
I'm gonna give you a link to the Rex
video it was the very last thing I sent
out it is an exit indicator and people
have really enjoyed that as well
so you're getting a lot today especially
if you've never seen this stuff before
now let me address the dollar evz I'm
gonna give you a link to the volume
volatility video if you don't know what
this is this is a very important tool it
is not a tool that goes on our chart it
is one of those kind of secondary things
that come from a website that we use to
help us trade but it is very important
it measures overall volume in the
marketplace and as trend traders we need
volume and we need to see if the market
itself is giving us any because if it's
not we need to make adjustments and here
are those adjustments I make
I told you in that video that I have a
particular line for the way I trade I
say if the dollar evz is not over this
line i don't trade it full risk i
currently because we have had an entire
year to wear a volume has been terrible
in the evz has been very low when it is
because i get this question a lot
because it's it's stay below that line
for so long i traded half risk and if it
gets super super low i drop it down to a
quarter because I have still I think in
that video I say I just stopped
altogether I have recently been able to
find little opportunities here and there
where I can still make money but when
you don't have that volume the chances
of us losing go way up so I am going to
mitigate my risk along the way I'm so I
thought I would just address that now I
didn't really know where else to put
that it was kind of a little tidbit that
I want to bring up because so many
people ask the question but just know
that that's the way I approach it and
you can approach it any way you want but
that video will be down below for those
of you who have not seen it I want you
guys to have that tool as well so in
conclusion enjoy all the stuff that I'm
giving you if you have already seen all
this before well then enjoy going back
and reviewing it I guess I don't know to
tell you but be cautious with the low
volume it's December is probably
probably going to be more low volume so
you just got to protect yourself out
there but please don't contact me about
any of this stuff I have officially
given you all of it you're not missing
out on any of it there is no more email
list thank you all and if you haven't
yet subscribe hit the bell don't miss
anything I got more videos coming I have
more podcasts coming I have more blogs
coming you don't want to miss any of
this we've got some really good stuff
heading down the backstretch but for
many of you happy holidays early go play
with your toys have fun and go get it