The difference is a spot price versus a price of the front month
of DX futures. The same thing happened with gold, which bottomed on
the spot price in September and on the futures contract in
November. Futures contracts leave gaps when a contract is rolled
over. Some EW analysts do not like to use futures for that
purpose.
Spot market in currencies is much bigger than futures markets,
so spot should be used for them for charting in the ideal world.
For precious metals, the opposite is true. I do not have an opinion
on the stock indexes.
The difference is a spot
Hi Steve, they always told me to use the original ...
Posted by junkie on 14th of Apr 2023 at 06:57 am
The difference is a spot price versus a price of the front month of DX futures. The same thing happened with gold, which bottomed on the spot price in September and on the futures contract in November. Futures contracts leave gaps when a contract is rolled over. Some EW analysts do not like to use futures for that purpose.
Thanks for that explanation, junkie,
Posted by simple_million on 14th of Apr 2023 at 08:56 am
Thanks for that explanation, junkie, I never knew what the difference was either
Spot market in currencies is
Posted by junkie on 14th of Apr 2023 at 08:59 am
Spot market in currencies is much bigger than futures markets, so spot should be used for them for charting in the ideal world. For precious metals, the opposite is true. I do not have an opinion on the stock indexes.
Some analysts? which ones are
Posted by raymuy on 14th of Apr 2023 at 07:16 am
Some analysts? which ones are you referring to ?