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Attachments: General Trading Chat / Ideas
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General Trading Chat / Ideas

Quoting Jp1
{quote} why's that a hedge....he would be short eur on both....ur crurrently short eur / long eur (obviously not quite as simple as that, as the cross is a different pair)
EURUSD and EURJPY have a negative correlation with a coefficient of about 90% or so so when EURJPY goes up EURUSD goes down
ex nihilo
Quoting Oc6oph
{quote} EURUSD and EURJPY have a negative correlation with a coefficient of about 90% or so so when EURJPY goes up EURUSD goes down
really? pull up a weekly on both of them....there is only one way they have both been going for the past year. Anyway - happy to be proved wrong!
Quoting Jp1
{quote} really? pull up a weekly on both of them....there is only one way they have both been going for the past year. Anyway - happy to be proved wrong!
I just read about them the other day and this is what I read I normally don’t trade EURJPY
ex nihilo
If they’re positively correlated rather than negative correlation then they’ll both go up together. Has me worried about my EURUSD shorts I might close
ex nihilo
This information I read might be out of date as pairs can change with time
ex nihilo
Quoting Oc6oph
If they’re positively correlated rather than negative correlation then they’ll both go up together. Has me worried about my EURUSD shorts I might close
Its not a perfect - but just look at the last few days....eur strength, so both been going up.....today, a bit of a sell and both have gone down. Obviously usd and jpy strengths are going to impact this.....but u still have eur in both and uve taken opposite directions. Thats what i meant by ur “kinda in a natural hedge”.
but dont close anything on my account - just saying what im seeing......dont want u to lose month coz of me, what do i know!
Quoting Jp1
{quote} Its not a perfect - but just look at the last few days....eur strength, so both been going up.....today, a bit of a sell and both have gone down. Obviously usd and jpy strengths are going to impact this.....but u still have eur in both and uve taken opposite directions. Thats what i meant by ur “kinda in a natural hedge”. but dont close anything on my account - just saying what im seeing......dont want u to lose month coz of me, what do i know!
yes EURJPY looks very bullish I’m probably going to take a few pips loss on EURUSD and going to wait a bit though
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ex nihilo
Quoting ZenNy
1.2763 short
closed 33 pips, my risk...+5%.... I am still short cad...but she is getting on my nerves....
trading is simple but is simple is not easy.
Quoting Jp1
{quote} i would keep that well away from yourself while ur Trading!
lol, especially the way he trades....
trading is simple but is simple is not easy.
Quoting Oc6oph
{quote} EURUSD and EURJPY have a negative correlation with a coefficient of about 90% or so so when EURJPY goes up EURUSD goes down
mate, I think I smoke but you are getting stoned....
trading is simple but is simple is not easy.
Quoting ZenNy
{quote} mate, I think I smoke but you are getting stoned....
I think you need to open your eyes to my previous post
ex nihilo
Quoting Oc6oph
{quote} I think you need to open your eyes to my previous post
relax mate, I am only teasing you, a bit of humour is necessary.....
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trading is simple but is simple is not easy.
Quoting ZenNy
{quote} mate, I think I smoke but you are getting stoned....
This must be because of the safe-haven perception both the JPY and USD have relative to each other. Although I recall reading last year that this correlation was in breakdown.

Sure enough, Oanda's correlation table shows over the past year a ~60% positive correlation for these pairs (closer to 0%-10% in the short term though).
Quoting mc2010
{quote} This must be because of the safe-haven perception both the JPY and USD have relative to each other. Although I recall reading last year that this correlation was in breakdown. Sure enough, Oanda's correlation table shows over the past year a ~60% positive correlation for these pairs (closer to 0%-10% in the short term though).
i must just be old skool, coz all u gotta do is pull up the charts and use ur eyes.......can see all the correlation u need from there
AUDCAD bearish.
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Quoting mc2010
{quote} This must be because of the safe-haven perception both the JPY and USD have relative to each other. Although I recall reading last year that this correlation was in breakdown. Sure enough, Oanda's correlation table shows over the past year a ~60% positive correlation for these pairs (closer to 0%-10% in the short term though).
I am not sure what you mean.....but for the sake of the conversation I had a look at all this correlation business a while back but I could not find a way out of it.......I guess it was only a way to tame my anxiety to justify my entries.....I came to the conclusion there is not need for it, actually it was confusing me more which I did not need.....best to stick to the 7 majors and follow PA, it is all there.

another table....
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trading is simple but is simple is not easy.
Quoting ZenNy
{quote} closed 33 pips, my risk...+5%.... I am still short cad...but she is getting on my nerves....
ok...reasons...otherwise just calling live trades does not help anyone.....

3 pushes up, a double top, a rising wedge.......I thought was a fair try.... also a a possible morning reversal (at the time of my entry)...

still this is bull in my view until that HL of 2708 is not broken.
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trading is simple but is simple is not easy.
Quoting ZenNy
{quote} closed 33 pips, my risk...+5%.... I am still short cad...but she is getting on my nerves....
closed +55 initial risk was 32... a simple DTBF...

I am also short UJ @ 107..
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trading is simple but is simple is not easy.
my eu view.....in a channel

in this bull, best buy was around 1208 (accumulation and a breakout pull back, after a fail final flag) , then 1272, think Dig got in here (a break out test), and another 1317....after that she has bee slippery........now the trend line of the channel held but I feel 1334 would be a good price to buy if the conditions remain the same.....
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trading is simple but is simple is not easy.
Quoting ZenNy
{quote} closed +55 initial risk was 32... a simple DTBF... I am also short UJ @ 107.. {image}
Where was your entry for CAD
ex nihilo
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