How I Use The Dollar Index (DXY) To Make More Money Trading
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- Опубліковано 31 тра 2024
- The Dollar Index (DXY) can be very useful in understanding market directions and saving you from losing trades - here's how I use it and how you can use it too to make more money in your trading!
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Chapters:
00:00 - Introduction
00:16 - What is the Dollar Index?
00:53 - Dollar Index Correlations
01:27 - How I use the DXY to my advantage
08:10 - Conclusion
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Totally agree ✌ I m using dxy for most of my trades. Most of the time , i open positions based on dollar index s movement , and it s working fine.
and 100% works bro i used since 2019
just wow, i love the way you explained it
Very informative, thank you.
Great video bro!
The best video I've seen today. Thanks man
I must confess, you are the best trader I have ever come across
Do you already have his trading course?
@@Fred_Alan not yet but I have been going through his UA-cam video and it has improved my trading skill alot. Am planning to join the academy very soon
I've been waiting for an upload forever 🥳
Really nice video James.
Never understood how to analyse using the DXY until now. Thank you for this one! +1 Sub
Like the fact you showed how to manage a potential loss as opposed to just showing wins 👍
Hey James, this is awesome. I have been trying to learn how to do it myself but haven't achieved much. So a big THANK YOU for this video. You make it so simple.
Thank you so much is a very valuable information ... 100 times thanks ...
Thanks for this
Great Video Bro... Thank You For The Clarity🐐❤
Please explain on the timing of the DXY and Eur/USD on when to execute the trade, timing is my problem
you a good bro it the first time I herd THAT THANKS A LOT KEEP DO IT THANKS A GAINE
Truly you are to a great mentor. Good luck brother 🙏🏻🙏🏻💐💐💐
thanks, is there a way to "freeze the instruments" you are comparing? every time one zooms in or out or scrolls, it's kinda messy.
thanks alot this has been very beneficial ur the best 🙏🏻 blessing
This video is so informative thankyou!!!
Is you a Video which explains Imbalance?
Thank you!
Hi. How can I use SMT divergence with forex pairs?
Please sir thanks for the video.
Please if the us dollar index is on the uptrend direction which implied buying direction,hence how do u trade nas100 n us30?
Do nas100 and us30 has direct or inverse correlation with us dollar index
Hello there please can you help me with some question
I want to know made a sell or buy limit trade doesn't activate or those the candles type to where I set my limit thank you
Thank you James. This is exactly what I do on daily trades
Hello buddy....how many pairs should one focus on, trade
Exxuse me, where do i get the individual index chart?? So i can see all indexes
what's the indicator that shows all those pairs price action?
Hi. I am using day for trade on EUR USD and GBP usd.
Also not bad to look at the USDOLLAR chart (dow jones dollar index). Sometimes it gives you nicer price action so it's easier to read 👍
False they correlate negatively
Appreciate
Anyhow know how I can get the dollar index on mt4 or somewhere else because I don't like trading view
why are there so many options for the dollar index and which one should I watch? USDX, DXY or DX?
wish GOD bless you more man,you really helping us a lot thank you...🙏
ill send you a whatsapp later running low on Data now.
i like you Jea, and i dont like people in general, but i like you.🤑
You are going well ♥️
Do you use power of 3 for daily bias? Do you think it's useful?
What beat is that?
First to arrive 🤗🤗
Thanks Sir James Love From Pakistan 🇵🇰
Danko bro🏆.
Its like a cheat sheet haha insane
Wow I didn't know the DXY dollar index had a inverse correlation to the DOW YM futures. Thanks 😊
Thanks alot
So what about eurusd is this correlation happen in eurusd when dxy move up then eurusd will move down
Yes!
Sometimes it doesn't work
All that time and still bot rich why would you have students if your rich witch means your not rich
Hi jeafx what about the btc.//bitcoin can an individual use dxy 2 confirm market direction on a btcusd pair ?