This the Week in which not all Majors will follow each other some will lead and others to lag pick your best to trade Ranging Markets are hard to trade Trade you can Projection of direction
Hi Raj, considering, the Indices (egSPX, FTSE, DAX) have a decent -ve correlation with $; may we assume that the Indices are likely to follow this path?
Each follows the direction in its own weight it is not automatic that 1:1 ratio will be followed. Observe the velocity of the counter parts and gauge the pace on timely basis.Smart traders use many eggs in many baskets scanning for the best rewards.
'Sorry to bother u Raj. Would u plz explain 'overshoot' & 'undershoot'?
Overshoots and undershoots are points where price exceeds the top and bottom shown in the data gramme. when price does not square with time an overshoot or undershoot will occure till price catch up with time. Price will always square with time sooner or later. see last weeks posting.Its like Gaps that get filled because they went ahead of time.
Hi Raj...Thanks for sharing the incredible info..Would u mind sharing about overshoots n understands using a currency like eu how it will behave..
Thanks a lot for that. Really interesting..... 'Would monitor, closely, this week.
I have no way of knowing by how much each of the dollar counter parts will trade. The best way i follow the projection is by looking at the corrolation weighting of each index b4 the open and end of each day.I hope that helps.
hows it Raj..last week your model worked out close..and so far this week ..thanks for sharing your work with us../regards/colin
Hi I am flat of all my positions picked up 97 pips in Aud, 89 pips in gbp and 71 pips in Eu on the lonf side shorted Eu and Gbp for 51 pips and 56 was a good day to range trade.All 3pairs have above the open and close near the high. Hope you picked up some good trades
Welcome toForex Social Network
© 2016 Created by FXStreet.
Report an Issue |
Terms of Service
Please check your browser settings or contact your system administrator.