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  • #20,761
  • Jan 25, 2012 9:35am Jan 25, 2012 9:35am
If there is any scientific co-relation exist between E/U and E/J .. can anybody tell me whether they are able to successfully co-relate these two different pairs by looking at last 60 M data ?
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  • #20,762
  • Jan 25, 2012 9:43am Jan 25, 2012 9:43am
Quoting rekon67
If there is any scientific co-relation exist between E/U and E/J .. can anybody tell me whether they are able to successfully co-relate these two different pairs by looking at last 60 M data ?
Odd question to ask correlation is called USD/JPY
  • #20,763
  • Jan 25, 2012 9:47am Jan 25, 2012 9:47am
Quoting Flatfish
Odd question to ask correlation is called USD/JPY
Even I find it ODD so throw-out this question, I hope I'll get some answer from experienced traders who actually find out this relationship. My quest is to know the answer based on this example.

Btw, welcome, hope to see you around
  • #20,764
  • Jan 25, 2012 9:58am Jan 25, 2012 9:58am
Sorry meant correlation was that USD/JPY was up aswell. by dividing pair A by pair B you get pair C. Sometimes JPY rallies while EUR/USD stays pretty much flat, then later JPY stays flat while EUR/USD rallies. Later allowing dollar to weaken while making ranging moves.
  • #20,765
  • Jan 25, 2012 10:05am Jan 25, 2012 10:05am
Quoting Flatfish
Sorry meant correlation was that USD/JPY was up aswell. by dividing pair A by pair B you get pair C. Sometimes JPY rallies while EUR/USD stays pretty much flat, then later JPY stays flat while EUR/USD rallies. Later allowing dollar to weaken while making ranging moves.
Well, May be this will require you to read through last couple of pages to know what actually made me to put up this question.

You are absolutely right with the correlation theory and the driving factors.

What I need to understand if E/J is the leading indicator to see E/U movement then why it stays when E/U got a huge momentum?
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  • #20,766
  • Jan 25, 2012 10:08am Jan 25, 2012 10:08am
Quoting krunfx
fed ++bernanke will answer for us...huhu
And here is some answer for you.
  • #20,767
  • Jan 25, 2012 10:15am Jan 25, 2012 10:15am
But if your intersted in patterns on forex. Normally gold and ozzie and kiwi make the move first, followed by yen, then crosses and the majors normally are manipulated last. Thats if you beleive some invisible hand is controlling the markets.
  • #20,768
  • Jan 25, 2012 10:23am Jan 25, 2012 10:23am
Quoting Flatfish
But if your intersted in patterns on forex. Normally gold and ozzie and kiwi make the move first, followed by yen, then crosses and the majors normally are manipulated last. Thats if you beleive some invisible hand is controlling the markets.
Ok.. this is interesting ... We can start a fresh discussion here

I think the point you put is excellent to know from where / which pair market movement starts ...

I do not understand why you are using term like "Manipulation" .. I only believe what I can see on my chart this is the only truth (If I found myself fooled by the chart then I take a note of that ... and this is the only reason I post here if anything fooled me I have it recorded here)

I do not have knowledge to find out invisible hands, market talk, politicians view, speak, manipulation
  • #20,769
  • Jan 25, 2012 10:28am Jan 25, 2012 10:28am
Quoting rekon67
If there is any scientific co-relation exist between E/U and E/J .. can anybody tell me whether they are able to successfully co-relate these two different pairs by looking at last 60 M data ?
it is because JPY was the weakest curruncy today. USD/JPY was at one month hight
  • #20,770
  • Jan 25, 2012 10:31am Jan 25, 2012 10:31am
We all know markets can't turn round fast large players have many positons to close. So its easier to move one or two markets at a time while other markets are just randomly swinging, then move onto the next. That is the normal order you see in markets- I guess big players all stick together and offload to the retail.
  • #20,771
  • Jan 25, 2012 10:31am Jan 25, 2012 10:31am
Quoting fx_master
it is because JPY was the weakest curruncy today. USD/JPY was at one month hight
Absolutely correct .... point taken

Question is whether you consider E/J as a leading indicator to follow E/U?
  • #20,772
  • Jan 25, 2012 10:35am Jan 25, 2012 10:35am
Quoting Flatfish
We all know markets can't turn round fast large players have many positons to close. So its easier to move one or two markets at a time while other markets are just randomly swinging, then move onto the next. That is the normal order you see in markets- I guess big players all stick together and offload to the retail.
Absolutely correct you are ...

How can we be able to track the movement of the big players..when they decide to eat the retailers by stop - hunting or attacking psychological fakes?
  • #20,773
  • Jan 25, 2012 10:43am Jan 25, 2012 10:43am
Fx...you there? Miss u buddy
  • #20,774
  • Jan 25, 2012 10:44am Jan 25, 2012 10:44am
Bankers like to use currencies like ozzie and gold to push to news highs and scare shorts in all the markets. Which is why ozzie is a dangerous beast to short. As when and how thats knowing session timings and the fixes. And month end positioning which is where you see this rollover from one market to the next. churn and burn. But to be honset its a lot of hard work- probably easier just to stick to charts rather than understanding the reasons for the moves.
  • #20,775
  • Jan 25, 2012 11:04am Jan 25, 2012 11:04am
Quoting Flatfish
Bankers like to use currencies like ozzie and gold to push to news highs and scare shorts in all the markets. Which is why ozzie is a dangerous beast to short. As when and how thats knowing session timings and the fixes. And month end positioning which is where you see this rollover from one market to the next. churn and burn. But to be honset its a lot of hard work- probably easier just to stick to charts rather than understanding the reasons for the moves.
Hi FlatFish, You're quite right on all the above.

I don't believe I've seen you post here before so welcome to EurAnalysis. I'm looking forward to seeing many more posts from you in the future.

Cheers mate
Those who say it cannot be done should not interrupt those who are doing it
  • #20,776
  • Jan 25, 2012 11:06am Jan 25, 2012 11:06am
Yields on the 10 yr are dropping like a rock which means money flowing out of risky assets and into bonds, right? If that's the case, why is EURUSD just chopping around this level. If people were dumping their Euros to buy bonds, wouldn't we see a swift move down?
  • #20,777
  • Jan 25, 2012 11:11am Jan 25, 2012 11:11am
Quoting scottymoll
Yields on the 10 yr are dropping like a rock which means money flowing out of risky assets and into bonds, right? If that's the case, why is EURUSD just chopping around this level. If people were dumping their Euros to buy bonds, wouldn't we see a swift move down?
In reply to with reference to my previous posts euro gets handled last- hold euro while rising crosses like EUR/GBP- allows the retailers to scratch their heads.
  • #20,778
  • Jan 25, 2012 11:46am Jan 25, 2012 11:46am
Thanks for the info fish. It's important to learn what pairs are leading and lagging.

Correlation can be confusing so here is something that helped me out with cross currency strength/weakness.

..
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  • #20,779
  • Jan 25, 2012 11:47am Jan 25, 2012 11:47am
Quoting Tyoon
Thanks for the info fish. It's important to learn what pairs are leading and lagging.

Correlation can be confusing so here is something that helped me out with cross currency strength/weakness.

..
let the market digest the news first..we have bernnake comment soon in 2 hours....must closely watching on it!!
Bismillah
  • #20,780
  • Jan 25, 2012 11:53am Jan 25, 2012 11:53am
Quoting krunfx
let the market digest the news first..we have bernnake comment soon in 2 hours....must closely watching on it!!
Not trading. Situations like these best to stay out. I prefer calmer waters rather than shark infested. Why did you think I was going to take a position based on posting an info-chart?
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