Disliked{quote} Out of curiosity, are you leaning towards higher USDX, lower Pound or just lower GU?Ignored
Regarding USDX (DXY), why should it be name DOLLAR index when over 50% of it's weighting is obtained from EURUSD? I think they should have named it EURO index instead. To me the DXY is simply an inverse of the EURUSD. Maybe a little bit useful when trading Gold (just at kitco uses it) but aside from that, it is as good as useless to me.
When I trade GBPUSD, I use only volume and OHLC data to compute my VAP. I believe I do not need anything else. The results have been great so far.
Even twins behave differently at times not to talk about just siblings from the same parents. The concept of correlation to me is not too valuable.
Please note that these are just my views concerning these subject matters. I hope it goes down well with others.
Thank you sir!
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