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Determining Trend Using Price Alone

  • #21
  • Sep 9, 2006 12:40pm Sep 9, 2006 12:40pm
Quoting Mr Trend
Well... it would be a sin if I didn't comment on this thread.

If you don't believe me, just compare the EURUSD when it first came out to now. Scalpers have literally created a whipsaw effect...it's a horrible instrument to trade. Scalpers also love it because of the low spreads...
I am curious to what pairs you like, Mr. Trend. I too, depise the eurusd (except for the first Friday of the month) because I cannot win with it. I have been falling in love with the gbpusd lately cuz it's like the energizer bunny--just keeps going and going and going...

any input? anybody?
  • #22
  • Sep 9, 2006 8:36pm Sep 9, 2006 8:36pm
Actually, there is a great deal of correlation between EUR/USD and GBP/USD. When one pair falls so does the other. The main difference is that GBP/USD moves with larger swings, sometimes twice as EUR/USD. USD/CHF is another closely correlated to EUR/USD pair. I like to think of GBP/ USD as a double sized twin of EUR/USD, and USD/CHF as a mirror twin of E/U.
  • #23
  • Last Post: Sep 10, 2006 6:43am Sep 10, 2006 6:43am
Same size, Percentage Swings, it's just the GBP is a bigger number, so you get @60% more pips, why also the Spread is approx 60% larger to, ( 5pips rather than 3 for eur )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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