RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
(2021-06-25, 06:55 AM)collotennis Wrote: Hi, I'm new on here. did the quick course on Udemy and currently finishing Stan Weinstein's book.
Wasn't sure where to ask this question but was curious if anyone has applied this method to Forex market and if so would s an p still be a good one on the relative strength or would what would you think to be more suitable as an index for FX.
Appreciate your thoughts
I personally have no experience trading forex but I'm sure some people in the forum do. Given that Volume is a huge component of the breakouts we're looking for, the biggest challenge with forex would be filtering out good breakouts without the volume build up. My guess is that applying the Weinstein method to forex is possible nonetheless