How long this is going to hang on like this in the range? It has been almost 2 weeks now. It is frustratingly boring to watch the market without clear entry. Let us see if the NFP would at least make the basket move in a direction. In my personal observation any impact on JPY due to USD make the basket move in a direction. It is better to learn trading in 15M chart as is being done by tnavi. I commend your efforts Mr.tnavi. You are just chasing the market where ever it goes taking all those pips the market gives or takes.
Another way of using the basket. I made an exclusive basket of Euro pairs (7) and observed it when the interest rate was announced. Knowing well in advance of the rate cut this Euro basket could be traded by modifying the Buy/Sell order scripts with only Euro currencies. I experimented this in a demo today and found it rewarding. You got to be sure of the market direction. Or else you will have to get out with tight stop loss. This can be applied to any currency on very high impact news releases. This is more of a manual trading using fundamentals. This may not be suitable to all.
FxOptimu$
Another way of using the basket. I made an exclusive basket of Euro pairs (7) and observed it when the interest rate was announced. Knowing well in advance of the rate cut this Euro basket could be traded by modifying the Buy/Sell order scripts with only Euro currencies. I experimented this in a demo today and found it rewarding. You got to be sure of the market direction. Or else you will have to get out with tight stop loss. This can be applied to any currency on very high impact news releases. This is more of a manual trading using fundamentals. This may not be suitable to all.
FxOptimu$