Sonic System!!

Quoting sonicdeejay

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pay me the service charge!!!


Happy hunting pal..
sonic

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Quoting sonicdeejay

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EUR/JPY LONG @168.89...

not time to monitor...

sonic

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Quoting cesare76fx

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Good to see you are long, I'm planning one myself off price action of 1hr and 4hr so I had to check what's your view!

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Quoting sonicdeejay

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t movement so tight thesedays...
I think too many experts traders around!!!
and a noob like me ...no place ..

sonic

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Quoting cesare76fx

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You mean expert because they blew up more accounts then we did?

The E/Y is looking to touch my stops... did well on e/u and maybe I should have stayed out of the Yen, as usual

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Quoting cesare76fx

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You mean expert because they blew up more accounts then we did?

The E/Y is looking to touch my stops... did well on e/u and maybe I should have stayed out of the Yen, as usual

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Quoting sonicdeejay

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t movement so tight thesedays...
I think too many experts traders around!!!
and a noob like me ...no place ..

sonic

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Quoting Maxoxide

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..already closed 3 lots and running the last lot @ 100+ pips..
Max

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Quoting Maxoxide

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if you're a noob, what makes me then? super noob i guess...yap, the market movement unpredictable lately.

anyone short EUR/JPY @ 168.51? looks like a winner there..already closed 3 lots and running the last lot @ 100+ pips..

sonic,if i want the EA just manage the trade im entered it @ mode 2 right? cause tonight will be NFP and i dont want it to open any position.

Max

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Quoting sonicdeejay

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I have a probe on EUR/JPY short...167.5x region...I am too bz to monitor..involving in my company big $$ project!! :nerd:

sonic

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Quoting sonicdeejay

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send a buy probe to hedge my EUR/JPY....tired today!!
gona read up the Elder's book on way home!!


sonic

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Quoting fransisco

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hi buddy..can u give our your analisis bou tat..cause here say different...
i think it's very risky to buy EJ pair now...CMIIW

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Quoting sonicdeejay

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Thank You NFP!!!

sonic

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Quote

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This is an interesting article that I think might be of interest to some in the thread.



The following is our monthly correlations update for July. As we have stated time and again, correlations between different currency pairs will inevitably shift over time. Therefore, it is of utmost importance to keep abreast of these fluctuating relationships to fully understand your trades and portfolio. Below are the one-, three-, six- and twelve-month correlations for the seven major currency pairs. Additionally, we have included the six-month trailing correlation versus the EURUSD as further confirmation of the correlation.

In order to be an effective trader, it is important to understand how different currency pairs move in relation to each other. There are a few reasons why this is significant, but most importantly, it allows traders to understand their exposure. For example, having a portfolio that consists of the USDCHF and EURUSD is different than having a portfolio comprised of USDCHF and USDJPY. As indicated in the tables below, through the Monday of July, the Swiss economy’s depence on the EZ lead to a boost in the long negative correlation (-0.93) with EURUSD. On the other, the overbearing influence of risk appetite and the popularity of the carry trade evened out to lead the USDCHF and USDJPY positive correlation (+0.78) to falter. This means that having long exposure in both USDCHF and long EURUSD would generally negate profit or loss because when EURUSD rallies, USDCHF will sell off the majority of the time. Of course, these two currencies may have different pip values and the correlation is not perfect, so the P/L will not be exactly zero. On the other hand, holding long USDCHF and USDJPY positions would be similar to nearly doubling up in one of the pairs since the correlation is so strong. Furthermore, we can tell from our tables that correlations shift with time. For the past year, the carry trade has been a proiminent market driver; but we can seen in the correlation between USDJPY and NZDUSD that the impact isn’t as clear cut as it used to be. Over the past year, the level of US interest rates and the volatlity in interest rates led the pair to a positive correltion (0.33). However, through the past month alone, the sharp drop in the kiwi has completedly flipped the link (-0.59). Shifts such as these can be partially explained by changes in the severity of monetary policy or changes in unique domestic conditions. Overall, having this knowledge will allow traders to effectively diversify and manage their portfolios.
Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate pairs to leverage your view, it is very important to keep in mind the correlation between various currency pairs and their shifting trends.
FX Correlations (data as of 08/01/08)

Quoting sonicdeejay

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EUR/JPY LONG @ 168.33

sonic indi is out!!
MM as usual...


~we have 168.50 region resistance....it is TWH and LMH...Hopefully it will break..if not..i will sell it off..

~DL the following indi...it is nice...


sonic

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Quoting sonicdeejay

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1st TP hit... SL @BE now!!
look like on it way to 168.85 resistance


sonic

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