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  • #662,741
  • Jun 28, 2012 4:15am Jun 28, 2012 4:15am
Quoting pip_trader
Yea. What is the correlation or USD/NOK? I have used negative correlations with success tho, such as USD/CHF is -1 with EUR/USD. Sometimes I just get Euro fatigued.

For instance, I set up a sweet trade short EURO long USD/CHF. Because of the correlation the Euro dropped 40 pips and the USD/CHF gained 40 pips and the pair trade made me happy!
that's not how u trade correlation.

that is double exposure to same correlation assuming if the correlation holds.

well, maybe you intend to split your trade or risk into 2 orders, 1 eurusd and the other usdchf but oh well...

i'm just saying that's not how u trade correlation, and volatility is different as well. cause in the end you arrive the same conclusion. eur down and usdchf up since u assume a -1 correlation.
  • #662,742
  • Jun 28, 2012 4:16am Jun 28, 2012 4:16am
Quoting Crassius
An hour ago I posted...



Then 35 minutes ago I wrote:



So to answer your question...
How do you check the bond yield %?
Fall seven times, stand up Eight! #GGMU
  • #662,743
  • Jun 28, 2012 4:17am Jun 28, 2012 4:17am
With the Spanish yields trading near or above the 7% drop dead rate for most of the session, most bad Italian Bond news is already priced into EURUSD.

Weak auction results but not earth shattering.....
  • #662,744
  • Jun 28, 2012 4:18am Jun 28, 2012 4:18am
Highest Italian Bond yields since December.

Bond yields falling in the open market..... same for Spanish debt.

This takes small... very small....pressure off EURUSD


Portugal rating just got cut by small ratings agency...
  • #662,745
  • Jun 28, 2012 4:20am Jun 28, 2012 4:20am
Correction till US news. Limit sell to 1.2450 and 1.2463;SL:1.2485 Tgt:1.2410
"Study the past if you would define the future." Confucius
  • #662,746
  • Jun 28, 2012 4:21am Jun 28, 2012 4:21am
Quoting vickym
How do you check the bond yield %?

Its just market data you can subscribe too like stock data.... If you looked around the net hard enough you might be able to find a free source....

I get it by subscription.
  • #662,747
  • Jun 28, 2012 4:23am Jun 28, 2012 4:23am
Quoting vickym
How do you check the bond yield %?
Just get it from BGN website. It is delayed by abt 10mins or so but 25bps doesn't just instantly reverse within 10mins.
  • #662,748
  • Jun 28, 2012 4:29am Jun 28, 2012 4:29am
Quoting bguguen
Good god now the EU looks unsavable now...
with the German Powerhouse providing for the dying EZ members, now the powerhouse is failing... the future looks dire for Euro....
A fiat currency system was never meant to be sustainable much less economies whose growth hinges on debt.
  • #662,749
  • Jun 28, 2012 4:33am Jun 28, 2012 4:33am
Quoting Esssex
A fiat currency system was never meant to be sustainable much less economies whose growth hinges on debt.
EURUSD about to head ddown to test 1.24 again and that retrace to 1.2420 has build up momentum enough to blast through wtever support....

BTW need i mention the Possibility that some country would get downgraded today in US session??
Moody, blah blah...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #662,750
  • Jun 28, 2012 4:38am Jun 28, 2012 4:38am
Quoting pip_trader
Yea. What is the correlation or USD/NOK? I have used negative correlations with success tho, such as USD/CHF is -1 with EUR/USD. Sometimes I just get Euro fatigued.

For instance, I set up a sweet trade short EURO long USD/CHF. Because of the correlation the Euro dropped 40 pips and the USD/CHF gained 40 pips and the pair trade made me happy!
It's around -0,7 between EURUSD and USDNOK.

The thing about EURUSD and USDCHF is the same as USDDKK mate, you are taking a double exposure. You either gain double, or lose double.
Taking a long EURUSD and short USDCHF (if correlation is -1) is the same as taking 2 longs EURUSD....so it's a risky bet unless you know what you do of course
COT: The precious data ignored
  • #662,751
  • Jun 28, 2012 4:42am Jun 28, 2012 4:42am
Quoting bguguen
EURUSD about to head ddown to test 1.24 again and that retrace to 1.2420 has build up momentum enough to blast through wtever support....

BTW need i mention the Possibility that some country would get downgraded today in US session??
Moody, blah blah...
It will happen when it happens. I've scaled in 2 shorts at 35 with SL pretty tight above 74.

Down move better come before US numbers because I hate US numbers on risk currencies.

May make a play on UJ for US numbers.
  • #662,752
  • Jun 28, 2012 4:48am Jun 28, 2012 4:48am
Quoting Esssex
It will happen when it happens. I've scaled in 2 shorts at 35 with SL pretty tight above 74.

Down move better come before US numbers because I hate US numbers on risk currencies.

May make a play on UJ for US numbers.
Well even if US GDP comes out worse, their Growth is still leading to a growth of the economy...
im pretty sure the dollar will still be bought... well atleast the BRITs will be flooding to the Dollar...
but i too feel like the Dollar may make a move on UJ... i wonder if that has anything to do with USDJPY H1 closing below a trendline i drawn
maybe H1 close below and we shall see it fall further?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #662,753
  • Jun 28, 2012 4:52am Jun 28, 2012 4:52am
Quoting vickym
How do you check the bond yield %?
15 mins delayed on Bloomberg. Good enough for swing trading.
"I know one thing, that I know nothing." Sokrates
  • #662,754
  • Jun 28, 2012 4:54am Jun 28, 2012 4:54am
Quoting kuroro001
It's around -0,7 between EURUSD and USDNOK.

The thing about EURUSD and USDCHF is the same as USDDKK mate, you are taking a double exposure. You either gain double, or lose double.
Taking a long EURUSD and short USDCHF (if correlation is -1) is the same as taking 2 longs EURUSD....so it's a risky bet unless you know what you do of course
Lol. I did not realize that. I did it twice and worked out nicely; guess it was dumb luck. I have true moments of genius!.... moments of novice-itis too. Thanks for bring it up, I'll study some more on it!

Hows that NOK trade going? Its up a wee bit
  • #662,755
  • Jun 28, 2012 4:56am Jun 28, 2012 4:56am
hmm, today and tomorrow is going to be a big hit. doubling my account underway, trade wisely. EU SUMMIT IS REALLY GONNER AFFECT THE EURO.
  • #662,756
  • Jun 28, 2012 4:57am Jun 28, 2012 4:57am
Anyone still long on EUR/USD?
  • #662,757
  • Jun 28, 2012 4:59am Jun 28, 2012 4:59am
Watch out a spinning top or doji likely to form on the present candle. Watch it.
  • #662,758
  • Jun 28, 2012 5:08am Jun 28, 2012 5:08am
hi guys,

i know this is kinda dumb question but i cant seem to comprehend what the effect will be it this happens.

what if one day, we wake up and EZ leaders announces that they will dissolve
their currency. what will happen to our holdings..? esp for those who are long EU.

just a little bit curious...

sorry if out of topic.. who knows..
  • #662,759
  • Jun 28, 2012 5:13am Jun 28, 2012 5:13am
EJ is resting on a 4hour support..if it breaches...thats alot of pips....for those going long, just a hint...and yes, a drop in EJ will add more bearish pressure on the EU..:nerd:

trade smartly
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  • #662,760
  • Jun 28, 2012 5:17am Jun 28, 2012 5:17am
Quoting omadivi
EJ is resting on a 4hour support..if it breaches...thats alot of pips....for those going long, just a hint...and yes, a drop in EJ will add more bearish pressure on the EU..:nerd:

trade smartly
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