Holy Betting Grail strategy
I created this chart over the weekend that shows how EUR/USD compares against the U.S. - German 10-year yield spread.
This chart shows the relative strength for the rate spread is a bit lower. That suggest to me there may be more upside in EUR/USD in the intermediate term if the yield spread can break lower.
Apologies for the chart quality. It's rendering differently in Colab than my local IDE.
This chart shows the relative strength for the rate spread is a bit lower. That suggest to me there may be more upside in EUR/USD in the intermediate term if the yield spread can break lower.
Apologies for the chart quality. It's rendering differently in Colab than my local IDE.
- #172,523
- May 22, 2023 12:39pm May 22, 2023 12:39pm
I created this chart over the weekend that shows how EUR/USD compares against the U.S. - German 10-year yield spread. {image} This chart shows the relative strength for the rate spread is a bit lower. That suggest to me there may be more upside in EUR/USD in the intermediate term if the yield spread can break lower. Apologies for the chart quality. It's rendering differently in Colab than my local IDE.
there is an indicator in tradingview available. It does also invert it.
See my lower indi...
Best
Chriss
- #172,525
- Edited 1:15pm May 22, 2023 12:56pm | Edited 1:15pm
{quote} Are those 10-year yields? I would have liked to have tried 1-year or 5-year too, but international bond yield data isn't easy to get so those weren't available.
Best use is hourly and higher. Sometimes the spread does run away and then e/u does follow.
One simple example...
You can see that the spread (invertetd) is running heavily down since friday... so i'm selling the highs and i have closed all longs.
- #172,527
- May 22, 2023 2:05pm May 22, 2023 2:05pm
- Joined May 2014 | Status: Full Time Trader | 27,151 Posts | Online Now
Meanwhile, on H1
Today was sort of a sideways limbo day... While 1.0793 supported well, 1.0826 did resist well as the contra force and as a result price stayed trapped in a tight range...
Overall, while candles are above 1.0793, I believe bulls still have the upper hand, but they must do something bold otherwise bears could take back control... Let's see if we can have some momentum tomorrow (hopefully)...
Today was sort of a sideways limbo day... While 1.0793 supported well, 1.0826 did resist well as the contra force and as a result price stayed trapped in a tight range...
Overall, while candles are above 1.0793, I believe bulls still have the upper hand, but they must do something bold otherwise bears could take back control... Let's see if we can have some momentum tomorrow (hopefully)...
Focus only on what truly matters!
- #172,529
- May 22, 2023 2:23pm May 22, 2023 2:23pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
Share similiar view here as Ata and Sulai45, ranging so far this week within a small range, above 0830 we should see 0845-60ish area next.
daily wise remain supported by upward tl, and we have closed back above 100dsma yesterday
daily wise remain supported by upward tl, and we have closed back above 100dsma yesterday
Patience, Emotion Control and Discipline.
- #172,530
- May 22, 2023 7:33pm May 22, 2023 7:33pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
Share similiar view here as Ata and Sulai45, ranging so far this week within a small range, above 0830 we should see 0845-60ish area next. daily wise remain supported by upward tl, and we have closed back above 100dsma yesterday {image}
let see if bull will defend it
Patience, Emotion Control and Discipline.
- #172,531
- May 22, 2023 9:20pm May 22, 2023 9:20pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,453 Posts
Not much change from yesterday the same chart applies the vol is 44 pips and many news in European and US session will create a choppy market the most probable with the most at the new us home sales hour release.
15 min
Have a great trading day!
15 min
Have a great trading day!
Looking for profitable short term trades ...|
- #172,533
- May 22, 2023 10:13pm May 22, 2023 10:13pm
- Joined May 2014 | Status: Full Time Trader | 27,151 Posts | Online Now
Meanwhile, on H1...
Bulls were supposed to have the upper hand but with current situation I had to go short based on H1... but of course things can change once vola kicks in of course.. Let's see...
1.0793 is my nearest support and my resistance starts from 1.0820 up to 1.0837...
Happy trading day to all
Bulls were supposed to have the upper hand but with current situation I had to go short based on H1... but of course things can change once vola kicks in of course.. Let's see...
1.0793 is my nearest support and my resistance starts from 1.0820 up to 1.0837...
Happy trading day to all
Focus only on what truly matters!
- #172,534
- May 22, 2023 11:04pm May 22, 2023 11:04pm
- Joined Jul 2011 | Status: Trader | 3,149 Posts
Holy Betting Grail strategy
- #172,535
- May 22, 2023 11:26pm May 22, 2023 11:26pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
- #172,536
- Edited 11:53pm May 22, 2023 11:34pm | Edited 11:53pm
- Joined May 2014 | Status: Alive | 523 Posts
I see the possibility of a Kansas City Shuffle.
New high, new low and
to the Moon.
It's a blindfold kick back type of a game
Called the Kansas City Shuffle
When the Suits look left, they fall right
Into the Kansas City Shuffle
It's a "they think-you think-you don't know"
Type of Kansas City Hustle
Where you take your time
Wait your turn and hang them up
Out to dry
And if that don't play [X4]
It's a shake down, switch, arrive in town
Type of Kansas City Shuffle
Gotta play both sides and let it ride
On the Kansas City Shuffle
Now the tables turned, the lesson's learned
You gotta earn yourself some trouble
Revenge like this, never sweet
You got yourself a long ride out
And if that don't play
.....
New high, new low and
to the Moon.Inserted Video
It's a blindfold kick back type of a game
Called the Kansas City Shuffle
When the Suits look left, they fall right
Into the Kansas City Shuffle
It's a "they think-you think-you don't know"
Type of Kansas City Hustle
Where you take your time
Wait your turn and hang them up
Out to dry
And if that don't play [X4]
It's a shake down, switch, arrive in town
Type of Kansas City Shuffle
Gotta play both sides and let it ride
On the Kansas City Shuffle
Now the tables turned, the lesson's learned
You gotta earn yourself some trouble
Revenge like this, never sweet
You got yourself a long ride out
And if that don't play
.....
Practitioner of the cryptic trading arts
- #172,537
- May 22, 2023 11:52pm May 22, 2023 11:52pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
Patience, Emotion Control and Discipline.
- #172,538
- May 23, 2023 12:14am May 23, 2023 12:14am
- Joined May 2014 | Status: Full Time Trader | 27,151 Posts | Online Now
Meanwhile, on H1... Bulls were supposed to have the upper hand but with current situation I had to go short based on H1... but of course things can change once vola kicks in of course.. Let's see... 1.0793 is my nearest support and my resistance starts from 1.0820 up to 1.0837... Happy trading day to all
Focus only on what truly matters!
