- | Joined Nov 2006 | Status: Member | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
Buy Sell Arrow Indicator Based on Individual Currency Strength 39 replies
Trading system based on individual currency strength 12 replies
Question on pairs and individual currencies 0 replies
Broker that allows trading of individual currencies 3 replies
DislikedBB, that thread has been closed here is the spin-off
http://www.forexfactory.com/showthread.php?t=116412
All you guys from here please go there, there's a couple indicators there that are very useful in this strategy and besides they need your brain power there cause there are some sharp ones here.
Best regards guys and thank you...Ignored
DislikedI hope you don't mind if I show you that you are incorrect. First when I starting working in this concept seveal years I also thought the same thing as you stated above about the eur/usd and usd/jpy. To start with very few actually don't know how the price of the eur/jpy is arrived....Ignored
Dislikedyou were referring to cross pairs on the 2nd paragraph
for eg:
EUR/AUD is a cross pair and it derived from EUR/USD times USD/AUD
AUD/JPY is also a cross pair
we can simply get EUR/JPY by directly check the USD quotes for each currency ie the EU and UJ, thus only newbies play the cross pairs and it serves as a goldmine for the brokers as they charge more spreads for cross pairs compared to USD pairs
every single pair IS being compared to USD either directly or indirectly
OK now for a more serious talk
what'd happen when some local bank, say...Ignored
DislikedI just updated today's chart on my site, and thought I'd reproduce it here. It's a pretty simple idea, but here's what I look at:
Attachment
I also use a similar approach with news releases to try to get a read of how fundamental pressures are building in the market, but that's a bit more involved with regard to calculation. I'll be making that available on the site soon too.
Being able to get the FF calendar data into Excel helps a lot though. Thanks Merlin!Ignored
DislikedHello BB and FXsurfer,
I am usually very quiet and make my way through the forums and rarely post because in the I don't have the time it takes to considerately reply to all the posts that result from a deep participation. But I would like to make a few comments here about correlation trading that may bring a greater understanding on reading the strength or weakness of various currency pairs. If you already know these things I don't mean to be redundant. This is a fairly quiet thread, the way I like to share, and for a few stray readers this might...Ignored
DislikedExcellent! Thanks Pipsqueak4x , now I got how to monitor currency pairs...very helpful guidelines for newbies.Ignored
DislikedMessing around with creating some tools to plot individual currencies. Usually I try to take things and plot them in a tabular format. Still looking into the idea initially though. Basic plot of 8 majors in this screenshot. Can plot over any lookback period, or stack multiple look back periods on top of each other.Ignored