just a reminder that a CHF news is upcoming in an hour
CHF http://www.forexfactory.com/images/m...mpact_high.gif CPI m/m
would that be a problem?
CHF http://www.forexfactory.com/images/m...mpact_high.gif CPI m/m
would that be a problem?
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DislikedThe way I see it is EURCHF cross is completely different since both of the components are exposed to USD in the world market. No matter which one you have when USD appreciates or depreciates your asset value in hand will change.
When you have a weighed UC and EU "against each other" they cancel the USD expose at that time since they are as much USD long as short therefore USD exposure is 0 or close. Of course the currencies change so that won't always remain so but it's much less than being .3 lots USD directional or whatever that percentage of your position is.
Once you eliminate USD then you can see the real correlational spread between the two currencies CHF and EUR since you eliminated the global component of USD.
Sorry if it is a little wordy but if anyone understands it, let me know if it makes sense.
EDIT: O just if anyone wants to try...draw a graph of USDCHF + EURUSD and have USDCHF multiplied by enough to match EURUSD's exposure to USD at each point, you get a completely different and much more normalized graph that would be perfect to trade and very easy (of course this is impossible)Ignored
Dislikedstill short 1 lot with a small open loss
these last 2 weeks have been very poor in term of signals but all have been closed with a profit.
Waiting again ...............Ignored
Dislikedconsidering we have only one lot 0.50 is ok and i put a second lot when eur/chf was at 163.50 ( just hit)
if i had 2 lots i will have wait 0.25% more than the yesterday closed and that is 163.71Ignored
Dislikedconsidering we have only one lot 0.50 is ok and i put a second lot when eur/chf was at 163.50 ( just hit)
if i had 2 lots i will have wait 0.25% more than the yesterday closed and that is 163.71Ignored
Dislikedthanks for the explanation
but... umm... I think the USD component in the cross EURCHF is eliminated as well. Because, by its definition, it is the ratio of how much EUR is worth compared to CHF, there is no USD there? at least not as USD-dependent as USDCHF + EURUSD.
I am not saying the cross is better, since from the statistics and spieler's experience , it really appears to be better in terms of applicability of this kind of strategy. But somehow I am really curious why is it so...
Any discussion or input on this subject would be appreciated.Ignored
DislikedAdded 2nd position at EUR/CHF 1.6359
Short EUR/USD @ 1.5613
Short USD/CHF @ 1.0474
Waiting for pullback to EUR/CHF 1.6329 to close this new position or move to EUR/CHF 1.6439 to add 3rd position (+.50% from last entry point)Ignored
Disliked
EDIT: O just if anyone wants to try...draw a graph of USDCHF + EURUSD and have USDCHF multiplied by enough to match EURUSD's exposure to USD at each point, you get a completely different and much more normalized graph that would be perfect to trade and very easy (of course this is impossible)Ignored