European dollar and PW Indicators compatibility: The currency pair my wife noticed first
Hello. This is Ku (Kuu) EA Designer.
Since releasing PW Indicators, I plan to gradually publish articles showing how to use them and how to view the market while looking at actual charts.
The theme this time is euro-dollar, which my wife says is the most compatible.
PW Indicators were originally developed as an indicator for FX
PW Indicators were originally indicators I developed for FX.
They were not created from the start as a binary option tool.
However, after my wife saw the signs and line patterns during development,
I want to try using this for binary
and thus began using them from a binary perspective in practice.
My wife, who has watched binary for 20 years, focused on euro-dollar
My wife has been watching binary options for about 20 years.
Among several currency pairs she has looked at, she feels euro-dollar has the best compatibility in particular.
When asked why, she said euro-dollar sometimes has shorter wicks and a straightforward trend in certain market conditions.
Of course, it doesn’t mean it’s always easy.
There are times when it ranges up and down, and times around key releases where moves can be sharp.
However, when a clear trend is present, PW Indicators’ signs and lines can display in a way that helps organize the market flow.
What is visible on this chart
This chart is the EURUSD on a 1-minute chart.
Looking at the screen, a downward flow appears on the left side.
Later, from a low price area, it reversed, and near the center the flow turned upward.
Further to the right, after rising briefly, it was pushed back and began to move sideways again.
In such a chart, it’s not enough to just look at whether a signal appeared.
Now, the EURUSD on the 15-minute chart.
Signals are not repainted once the candle closes.
This means entering based on the alignment of the signal with AO/AC.
It is important to consider what the current market state is in addition to the signal.
- Is there a trend?
- Are you looking to catch a reversal?
- Are you waiting for a pullback or a bounce?
- Where are price levels relative to the high, low, and midpoint lines?
- Are there long wicks and volatile moves?
My wife often says “the market condition comes before the signal”
What she often says is,
Market condition comes before the signal
which I also consider very important.
PW Indicators are not meant to decide entries by signals alone.
By displaying trend direction, reversal candidates, pullback/bounce candidates, and high/low/midline levels on one chart, it helps organize the current market.
In binary, where to enter is less important than where to refrain
Especially in binary options, you often look at price movement over a few minutes, so deciding when to enter and when to refrain is crucial.
euro-dollar, in periods when the flow is clean, offers easier judgments.
This is one reason why my wife rates the compatibility of euro-dollar with PW Indicators highly.
Of course, it doesn’t mean euro-dollar is universally good.
There are times with long wicks, volatile moves, or a lack of clear direction where there is no need to force an entry.
Rather, what is important when using PW Indicators is
not only looking for where to enter, but also judging where not to enter
I believe this is essential.
Even if a signal appears, if the market condition is poor, refrain.
If the line relationship is unfavorable, wait.
Only target when the flow is clear.
Using it this way, PW Indicators become a tool that organizes discretionary judgment, not just a signal display tool.
In the future, we will also introduce my wife’s actual viewpoints
In upcoming articles, we will show what she actually looks at, what market conditions she feels are “easy to enter,” and what scenes she avoids, using charts as examples.
For this theme, as the first installment,
My wife feels euro-dollar is well matched with PW Indicators
that was the topic.
For those trading euro-dollar in binary or who want to organize discretionary judgments in MT5, please take a look.
Product page
Here is the PW Indicators product page.
https://www.gogojungle.co.jp/tools/indicators/85572
Notes
※This product does not guarantee profits.
※There are risks of loss in binary options and FX.
※The displayed signals do not guarantee future price movements.
※Please make investment decisions at your own responsibility.