Hello world,
I would like to start my first post with a quick rundown of the best trade-able pairs I can find for the next few weeks. By filtering down for pairs with a positive carry as a directional bias, with volatility to try and rank the strongest potential trades.
From there I will try and use sentiment, and a few charts to try and come up with some potential trade ideals.
Currently Moving Pairs
This week I am seeing from last weeks volatility is:
So based on that, and looking only at pairs that moved around 1 to 1.5 % as pairs in play I get this list:
Pairs With Positive Carry
Next I only want to consider trading in the direction of the positive carry. So from the outside you would expect to pair the strongest vs. weakest based on the Central Bank rates:
However, you will have to do a few calculations with what your broker is offering to see what pairs will actually pay out.
So today the rates I have on my platform are:
Therefore, I took the positive ones and did a breakdown to rank which ones are the most attractive based on the top pairs of USD,CAD,NZD,AUD:
Which seems to suggest, that the best trades would be looking at trades where you go LONG the four pairs vs. EUR/CHF/JPY/GBP
Strongest vs. Weakest
For the USD we see that the GBP seems to be the weakest over the last year. Obviously our old friend BREXIT uncertainty.
For the CAD it seems like GBP and EUR are the hottest trades so far.
A similar thing can be seen on NZD.
And again with AUD
Take Away Ideas
So as an initial conclusion, you might start getting some idea's as to what pairs might be on track to generate more and more flows of money, based on movement, strength/weakness, and the carry.
Moving on, over the rest of July, I am going to consider narrowing potential trades to going LONG USD/CAD/NZD vs going SHORT EUR/CHF/GBP.
Now, if you strip away the JPY pairs (because of it's relative strength), that still leaves us with 9 pairs to watch, with a directional bias, and examine further to see which of these could actually be ready for a trade setup.
Next up, I would like to start using some charts to see which potential combinations of these might make good trade ideas, and eventually become real trades.
I would like to start my first post with a quick rundown of the best trade-able pairs I can find for the next few weeks. By filtering down for pairs with a positive carry as a directional bias, with volatility to try and rank the strongest potential trades.
From there I will try and use sentiment, and a few charts to try and come up with some potential trade ideals.
Currently Moving Pairs
This week I am seeing from last weeks volatility is:
Attached Image
So based on that, and looking only at pairs that moved around 1 to 1.5 % as pairs in play I get this list:
Attached Image
Pairs With Positive Carry
Next I only want to consider trading in the direction of the positive carry. So from the outside you would expect to pair the strongest vs. weakest based on the Central Bank rates:
Attached Image
However, you will have to do a few calculations with what your broker is offering to see what pairs will actually pay out.
So today the rates I have on my platform are:
Attached Image
Therefore, I took the positive ones and did a breakdown to rank which ones are the most attractive based on the top pairs of USD,CAD,NZD,AUD:
Which seems to suggest, that the best trades would be looking at trades where you go LONG the four pairs vs. EUR/CHF/JPY/GBP
Strongest vs. Weakest
For the USD we see that the GBP seems to be the weakest over the last year. Obviously our old friend BREXIT uncertainty.
For the CAD it seems like GBP and EUR are the hottest trades so far.
A similar thing can be seen on NZD.
And again with AUD
Take Away Ideas
So as an initial conclusion, you might start getting some idea's as to what pairs might be on track to generate more and more flows of money, based on movement, strength/weakness, and the carry.
Moving on, over the rest of July, I am going to consider narrowing potential trades to going LONG USD/CAD/NZD vs going SHORT EUR/CHF/GBP.
Now, if you strip away the JPY pairs (because of it's relative strength), that still leaves us with 9 pairs to watch, with a directional bias, and examine further to see which of these could actually be ready for a trade setup.
Next up, I would like to start using some charts to see which potential combinations of these might make good trade ideas, and eventually become real trades.