Great thread - so this is more or less how I trade intraday (I also swing trade).
Looking for the releative strengths / weaknesses of currencies at the start of the day. I look for when a currency is cheap (if it is long on the day) or expensive (it is short on the day). When I say currency I mean the currency as a whole ie. the us major and all the currenies minor pairs.
There is a youtube video called Billion DOllar Day (1985 on BBC2 originally) about 3 fx dealers, ok the market was a lot different there but after many viewings you start to pick out some gems...."the whole world is short sterling" for example...so why would you long sterling against all that Big money ?
I use charts but would eventually like to just trade prices no charts....through my bloomberg feed.
Looking for the releative strengths / weaknesses of currencies at the start of the day. I look for when a currency is cheap (if it is long on the day) or expensive (it is short on the day). When I say currency I mean the currency as a whole ie. the us major and all the currenies minor pairs.
There is a youtube video called Billion DOllar Day (1985 on BBC2 originally) about 3 fx dealers, ok the market was a lot different there but after many viewings you start to pick out some gems...."the whole world is short sterling" for example...so why would you long sterling against all that Big money ?
I use charts but would eventually like to just trade prices no charts....through my bloomberg feed.