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Trend Trading All Pairs

  • #11,921
  • Edited 4:54pm Sep 30, 2012 4:23pm | Edited 4:54pm
Below is 7 indexes compared to the USD index over the past 12 months.

For ways to use these indexes go http://www.forexfactory.com/showthre...page=739#11073 and http://www.forexfactory.com/showthre...page=739#11075 and
http://www.forexfactory.com/showthre...page=748#11217.

Persistence overcomes resistance!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: INDEXES 300912A.gif Size: 50 KB
Click to Enlarge Name: INDEXES 300912B.gif Size: 47 KB
  • #11,922
  • Sep 30, 2012 5:48pm Sep 30, 2012 5:48pm
Quoting 4rexx
Below is 7 indexes compared to the USD index over the past 12 months.

For ways to use these indexes go http://www.forexfactory.com/showthre...page=739#11073 and http://www.forexfactory.com/showthre...page=739#11075 and
http://www.forexfactory.com/showthre...page=748#11217.

Persistence overcomes resistance!
TOP Post Thanks
  • #11,923
  • Oct 3, 2012 2:29am Oct 3, 2012 2:29am
Quoting danc
TOP Post Thanks
I tried looking at the bloomberg charts but it says invalid security?

Anyone experienced that?
Whether you can or you can't, you are both right.
  • #11,924
  • Oct 3, 2012 5:18am Oct 3, 2012 5:18am
NOW...after all this time..well(3 weeks to be exact)...AUD starts to post fundie data after another fundie data clearly showing deteriorating economics. Obnviously, china plays a good role in this.

of course, shomari and i , have been posting fundie posts talking about this endlessly...(and 4rexx correlative index) has been indicating this...

you lads know what to do. there is nothing much else to say. you have the heatmap to know which one to best use to short AUD...

good luck.
" It may mean something. It may mean nothing at all "
  • #11,925
  • Oct 3, 2012 5:52am Oct 3, 2012 5:52am
Quoting Skynet
NOW...after all this time..well(3 weeks to be exact)...AUD starts to post fundie data after another fundie data clearly showing deteriorating economics. Obnviously, china plays a good role in this.

of course, shomari and i , have been posting fundie posts talking about this endlessly...(and 4rexx correlative index) has been indicating this...

you lads know what to do. there is nothing much else to say. you have the heatmap to know which one to best use to short AUD...

good luck.
just looked at the equity chart For AUD200 ....double or triple top looking like but if it breaks to the high side it can run a lot higher

4600 next target to the high side

last apr 2011 it hit almost 5000

making higher lows in current run

obviously the rate cut didn't hurt it either

let me know what you think.it may be a leading indicator.

point being, sky, is that this index is either the best short on the planet at the moment or an indicator all other equity indexes are about to move higher..

contradiction in terms in context of China slowdown and Europe muddling imo

also if AUD/USD is nice short then NZD/USD is better......just my opinion

Adler called a BIG NFP surprise with same data time before last - also called a higher number for last NFP and missed, but if ISM Serand NFP come higher with all of the unlimited stimulus i think equities move higher

playing safe until then in and out quick hits

http://wallstreetexaminer.com/2012/1...well-for-jobs/

________
  • #11,926
  • Oct 3, 2012 8:27am Oct 3, 2012 8:27am
@fartist, I am also experiencing same here. I cant view the correllated currency index
i trust my system, only my broker i distrust
  • #11,927
  • Oct 4, 2012 4:53am Oct 4, 2012 4:53am
Quoting fartist
I tried looking at the bloomberg charts but it says invalid security? Anyone experienced that?
Fartist and Rosa I contacted Bloomberg Fedback team about this problem and got this reply.

"Thank you for contacting Bloomberg.com. This data is no longer available on the web; you may find them only on the Bloomberg Professional Service.

For more info on our Professional Services, please contact our sales team via the following page. http://www.bloomberg.com/apps/feedback?site=sales

Sincerely, Bloomberg Website Feedback Team"

They probably saw the charts were getting far too popular and decided to make money from them instead of keeping it free!

Persistence overcomes resistance!
  • #11,928
  • Oct 4, 2012 6:41am Oct 4, 2012 6:41am
Quoting 4rexx
Fartist and Rosa I contacted Bloomberg Fedback team about this problem and got this reply.

"Thank you for contacting Bloomberg.com. This data is no longer available on the web; you may find them only on the Bloomberg Professional Service.

For more info on our Professional Services, please contact our sales team via the following page. http://www.bloomberg.com/apps/feedback?site=sales

Sincerely, Bloomberg Website Feedback Team"

They probably saw the charts were getting far too popular and decided to make money from them instead...
Wow okay thanks for going the extra mile in checking for us.

Well, i tried googling for something similar but to no avail.
Oh well.

I will keep you guys updated should i come across anything similar!
Whether you can or you can't, you are both right.
  • #11,929
  • Oct 4, 2012 12:47pm Oct 4, 2012 12:47pm
Quoting fartist
i tried googling for something similar but to no avail.....should i come across anything similar!
Fartist, Rosa and all, if you want a site that does individual correlated indexes that also compares numerous indexes on the same large chart go here.

You can choose to see the major indexes, choose ohlc bars or candles, choose from 7 timeframes and add studies and drawings (rsi, macd, S&R lines T/ lines, etc). Much more than you could not do on bloomberg.

If you click on "compare forex index" you can compare from 2 up to 7 (B/berg only 3) currencies at the same time if you want to (7 looks like a plate of spagetti though). The site does a lot more just play around with it to see!

Persistence overcomes resistance!
  • #11,930
  • Oct 4, 2012 2:38pm Oct 4, 2012 2:38pm
4rexx...Thank you so much. This thread has been very helpful to me. I am still on demo, want to have three consecutive winning months before I go live, I hope I will get there cos I still got hitchy fingers. I am a 9-5 guy, looking to perfect daily and 4hr timeframe.....I just hope I will catch the drift faster than I think. Thanks
i trust my system, only my broker i distrust
  • #11,931
  • Edited 7:29pm Oct 4, 2012 5:01pm | Edited 7:29pm
I thought I would just mention how I have been using the indexes. As I and others have said before the biggest moves in currency pairs occurs when one of the currencies in the pair is very weak and the other very strong. So when using the indexes you want to match currencies which are a mirror image of each other, i.e. one bullish and one bearish.

So looking at the below chart of the individual AUD and EUR indexes from the 4th June to the 8th August, the AUD index (dark blue) made a higher low and then made a strong rally upwards. Also the EUR index continued to make lower lows. So from the 4th June onwards if you look the price action of each currency is almost a mirror image of the other.

Now look at the EURAUD daily chart below from 4th June to the 8th August price moved over a 1000 pips, even if you dont catch these type of moves from the beginning keep an eye on price action and waiting for a retracement and then enter on the 123 reversal pattern. Again look at the index chart from the 8th August. AUD hit resistence and EUR hit support. If we check the EURAUD chart from the 8th August higher low to date price has moved over 1000 pips. Not bad if you caught or are still catching some of these pips.

It is estimated that FX pairs trend only about 30% of the time, so 70% of the time price is ranging (large or small ranges), so if you (newbies in particular) identify the tops and bottom of these ranges wait for reversal patterns in these areas, its important to wait for confirmation that the reversal has taken place. Use Hector’s / Nightmoves BPC price action. It is a higher probability trade if you trade the bounce off resistance in a downtrend and the bounce of support in an uptrend then you are still trading in the direction of the trend. It is always better to trade with the trend especially if you are new to trading.

The mirror image movement of the individual currencies within a pair with S&R levels being broken strongly in both the indexes as well as the FX pair itself, gives you more assurance of the strength of the trend. If you have fundamental news on your side as well as is the case with weak AUD at the moment this can strengthen your conviction even more.

Persistence overcomes resistance!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud index 1.gif Size: 51 KB
Click to Enlarge Name: euraud 2.gif Size: 54 KB
  • #11,932
  • Oct 4, 2012 6:01pm Oct 4, 2012 6:01pm
Thanks for this one. Please do not leave this thread now, will like to soak as much as possible from you. You can always give your opinion at the begining of the week(sundays), that should help newbies like me. Just to let you know, I have read 80percent of this thread, I am yet to perfect restrain my hitching fingers. Hoping by the end of the month, I would have advance a bit. Thanks once again
i trust my system, only my broker i distrust
  • #11,933
  • Oct 4, 2012 7:10pm Oct 4, 2012 7:10pm
Quoting 4rexx
I thought I would just mention how I have been using the indexes. As I and others have said before the biggest moves in currency pairs occurs when one of the currencies in the pair is very weak and the other very strong. So when using the indexes you want to match currencies which are a mirror image of each other, i.e. one bullish and one bearish.

So looking at the below chart of the individual AUD and EUR indexes from the 4th June to the 8th August, the AUD index (dark blue) made a higher low and then made a strong rally upwards. Also the...
Exellent post.. Thank You
  • #11,934
  • Oct 4, 2012 7:22pm Oct 4, 2012 7:22pm
Quoting 4rexx
Fartist, Rosa and all, if you want a site that does individual correlated indexes that also compares numerous indexes on the same large chart go here.

You can choose to see the major indexes, choose ohlc bars or candles, choose from 7 timeframes and add studies and drawings (rsi, macd, S&R lines T/ lines, etc). Much more than you could not do on bloomberg.

If you click on "compare forex index" you can compare from 2 up to 7 (B/berg only 3) currencies at the same time...
Exellent site.. i have been looking for for some time.. great charts.. Thank You
  • #11,935
  • Oct 4, 2012 8:25pm Oct 4, 2012 8:25pm
Watch the metals folks. They've been moving cleaner than FX and its been like that for the last month at least.
Attached Image (click to enlarge)
Click to Enlarge Name: 10.4.12 XAUUSD 1HR.png Size: 49 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,936
  • Oct 4, 2012 8:48pm Oct 4, 2012 8:48pm
Here is my thinking.. i am watching this the 4 hr USDX..white lines at base are weekly and 5 weekly and 5 day fibo pivots.. will enter EURUD short if the candle is above the 2 trendlines and in ADX.. if di+.. green starts to turn up.. looking for corresponding clues with EUUD also..Just my thoughts for what it is worth..
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 27 KB
  • #11,937
  • Oct 4, 2012 8:59pm Oct 4, 2012 8:59pm
Quoting danc
Here is my thinking.. i am watching this the 4 hr USDX..white lines at base are weekly and 5 weekly and 5 day fibo pivots.. will enter EURUD short if the candle is above the 2 trendlines and in ADX.. if di+.. green starts to turn up.. looking for corresponding clues with EUUD also..Just my thoughts for what it is worth..
Looks as your bearflag is broke...Looking to test ( not broke) on usdlfx, directly coordinated to eu. And looks to test the LTL, mid of the rally will tell me think..
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx 4hr.gif Size: 27 KB
  • #11,938
  • Oct 4, 2012 10:19pm Oct 4, 2012 10:19pm
wow 4rexx thank you so much!!

That link is invaluable and gives me great insight now to those major currencies!

Keep up the excellent work, i appreciate it totally
Whether you can or you can't, you are both right.
  • #11,939
  • Oct 5, 2012 3:42pm Oct 5, 2012 3:42pm
Quoting Skynet
To get started in fundie...informed trades has a good, quick overview of fundamentals. with videos too. Also babypips link that shomari provided. Is a decent starting point.

this news aggregration site: the best that i have seen so far: aggregrates all the world economic news. Pretty much my main source of fundamental...
Above, i posted links to fundamental info.

below i will try and provide links to introductory, intermediate, and advance books on fundamental analysis.

#1. Introductory books on fundamental analysis

(a)Currency Trading and Intermarket analysis by ashraf laidi, Exceptional introductory book. solid work.

(b)Methods of a wallstreet master by victor sperandeo(ignore the Randian philosophy section.)

(c)Daytrading the Currency Market by Kathy Lien.(ignore the technical analysis section.)

#2. INTERMEDIATE BOOKS ON FUNDAMENTAL ANALYSIS

(d) the Trader's Guide to Key Economic Indicators. by Richard Yamarone.

(e) the secrets of economic indicators by bernard baumohl.

#3. ADVANCE BOOK ON FUNDAMENTAL ANALYSIS

(f) Foundation of International Macroeconomics by Maurice Obstfeld and Kenneth S. Rogoff.

.
.
. Hope you lads find these useful

- SKYNET
" It may mean something. It may mean nothing at all "
  • #11,940
  • Oct 7, 2012 9:02am Oct 7, 2012 9:02am
thanks for the post i like it when a person talks about trading method
that is already been populary used and keeping it practical but pair correlation set up should be more laid into more cleaner ways
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