DislikedHonestly, I have no idea. Just trading a chart that looked good at the moment. Didn't even look at it till you brought it up.
Probly another one of my Opp's moments. I'm sure I looked at it and never switched back.Ignored
the most efficient and core markets used to be the usd/dmk.
she has grown up and become the euro now.
this the reason why your core activities should be centered around the euro/usd.
then beside her you should have cable and yen, these the next layer of the core. then the swissy.
These called the majors, ie major markets.
after building the core in place you need incorporate the crosses between the 4 core majors in strategic manner so as to feel the flow of the majors.
Noticed i never mentioned usd. That because usd is the center of the wheel. Drives everything.
after these are mastered you need build into your MO, the emerging markets.eg aud,
after that build in, at the corner of your eyes, the gold markets, black gold and bullion.
that would keep you busy for a couple of years.
regards
when you come on hot seat everyday.
scan thru whats happening in euro , cable, yen.
then see if swissy is moving in tendem.
swissy is the usd sparing partner, because she very linked to Bullion.
thats how you should be scanning thru the terrain of ops until you recognises whats doing in the markets.
all abnormalities of crosses structure you can see while scanning the majors.
The new era traders divided the markets to the dominanats and the USDs
1 section is the euro & cable , the dominanats.
1 section is usd/yen and usd/chf, the USDs.
is becoming more like 2 kingdoms and their crosses.