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EURUSD

  • #729,341
  • Dec 9, 2012 9:02am Dec 9, 2012 9:02am
Quoting the redlion
eur/usd and eur/jpy are the only official pairs.....all others are synthetics and for these two you get two highly correlated pairs....I am not sure how advantageous that is.....so then you could be watching the eur/usd eur/jpy and the usd/jpy in the same screen to try and arbitrage lags or measure relative strength...........perhaps this is your idea?


> cor(euroyen.returns,eur.returns)
0.770844

> cor(euroyen.returns,jpy.returns)
0.5251164

> cor(eur.returns,jpy.returns)
-0.1343994
i hope i can help. ever since '00 the inverse correlation of USD/CHF to EU has been -95 to -97. viewing tick charts, EU lags every single time. But the lag is milliseconds, the data may only be worth for an algorithm, but not a human.
  • #729,342
  • Dec 9, 2012 9:54am Dec 9, 2012 9:54am
400-500 pip target this week, ride the waves
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  • #729,343
  • Dec 9, 2012 10:09am Dec 9, 2012 10:09am
Quoting BobGnarly
400-500 pip target this week, ride the waves
Which way ?
  • #729,344
  • Dec 9, 2012 10:14am Dec 9, 2012 10:14am
Quoting Doc'
Which way ?
I'm seeing a retest of the 1.3125 area.. After that either it reverses again or takes off. It might be a little bit choppy this week.
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  • #729,345
  • Dec 9, 2012 10:15am Dec 9, 2012 10:15am
Quoting Doc'
Which way ?
Sideways, of course.
Politics is the womb in which war develops.
  • #729,346
  • Dec 9, 2012 10:16am Dec 9, 2012 10:16am
Quoting BobGnarly
I'm seeing a retest of the 1.3125 area.. After that either it reverses again or takes off. It might be a little bit choppy this week.
I'playing this way too... Hope we are right

Good luck
  • #729,347
  • Dec 9, 2012 10:18am Dec 9, 2012 10:18am
Quoting FiatFap
Sideways, of course.
At the end of the week the chart might look sideways, you just have to make the pips in between.. Strictly PA this week. Well it's always PA for me since I dont use indicators..
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  • #729,348
  • Dec 9, 2012 10:18am Dec 9, 2012 10:18am
Quoting Doc'
I'playing this way too... Hope we are right

Good luck
GL to you too man, we got this
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #729,349
  • Dec 9, 2012 10:39am Dec 9, 2012 10:39am
Quoting KillerWhale
Ucad is now @ 0.98805.
I wonder what impact this Chinese bullshit will have for impact next week.
Hard to say, both sides say this agreement is a net benefit for both countries (of course they'll say that!).

I was short but closed it on Friday.
  • #729,350
  • Dec 9, 2012 10:55am Dec 9, 2012 10:55am
Its like last week , but this time we have the fiscal cliff back again after NFP week and instead of Europe we have Greece. So, nothing significant has happened or going to happen ...

Monti's leave might move the EUR alittle bit , but its a bit of Old news that it won't come in play before March - so i'm not going to worry about it ! Greece's successful auction partly priced in, but i except to move the EUR alittle bit as we except Some German's ECB's IMF commentary on the process...

So, i would be looking to short above 1.30 for now and buy under 1.29

The daily on the chart's suggest a bearish market oversold - but this bear is still around " DUE to the interest rate ". Which in my opinion is so powerful selling signal that can't be equalize by something else ... But the fast move , might suggest a Pump and dump for those who missed it !

1.30200 and 1.28500 /1.28 is where i will be hidding my Long and short positions.
"It's the Margin, Stupid."
  • #729,351
  • Dec 9, 2012 11:55am Dec 9, 2012 11:55am
Currently 1.2892 X 1.2898

Not so bullish ....
  • #729,352
  • Dec 9, 2012 12:08pm Dec 9, 2012 12:08pm
Quoting Doc'
Currently 1.2892 X 1.2898

Not so bullish ....
any reason it opened gap down?
The Phoenix Trader....
  • #729,353
  • Dec 9, 2012 12:09pm Dec 9, 2012 12:09pm
Quoting sunilpawar
any reason it opened gap down?
I'm very surprised... No reason for me !
  • #729,354
  • Dec 9, 2012 12:12pm Dec 9, 2012 12:12pm
Quoting Doc'
I'm very surprised... No reason for me !
hope it recovers by opening
The Phoenix Trader....
  • #729,355
  • Dec 9, 2012 12:13pm Dec 9, 2012 12:13pm
Quoting sunilpawar
any reason it opened gap down?
It's going up. Not down.
  • #729,356
  • Dec 9, 2012 12:17pm Dec 9, 2012 12:17pm
Quoting Doc'
I'm very surprised... No reason for me !
Monti resignation and Burssconli announcement of coming back ... It should be filled by the tomorrow London Mid-session or late in Asia !
"It's the Margin, Stupid."
  • #729,357
  • Dec 9, 2012 12:23pm Dec 9, 2012 12:23pm
Quoting Vachus
Monti resignation and Burssconli announcement of coming back ... It should be filled by the tomorrow London Mid-session or late in Asia !
but will it push the pair high or low
The Phoenix Trader....
  • #729,358
  • Dec 9, 2012 12:26pm Dec 9, 2012 12:26pm
Dec 12, 2012 .. 12 12 12 is the day when usa interest rates shall be no longer at .25 percent lolllllllllllllllllllllllllll
  • #729,359
  • Dec 9, 2012 12:45pm Dec 9, 2012 12:45pm
Quoting Doc'
Currently 1.2892 X 1.2898

Not so bullish ....
Where do you get your rates feed on the weekend?
Kill the ego, or it will kill the mission.
  • #729,360
  • Dec 9, 2012 12:47pm Dec 9, 2012 12:47pm
Quoting AaronWard
Where do you get your rates feed on the weekend?
From my broker
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