fxcorrelator
May 16, 20181 min
hey all.....
tricky morning so far .........I was calling usd as primarily bear for most of early london through to 9.30ish......i was looking for GBP but it was selling as well so no go on my favourite cable pair
I made do with buying yen and also cad and also euro into usd sells .........slow pickings but okish
finally I went hard USD bull around 9.20 BST.....my strengthmeters all aligned and i went hard on euro and gbp sells into a rising usd
better then .............see below ....the right chart is my fxcorrelator on a 20ma default setting on a 5min chart .........see how the green usd and Red GBP are both below zero for the first half of the session ? ...thats a nogo to trade them against one another .......as soon as the greenback went bull I ATTACKED the GBP which was still Selling below Zero ...I also attacked selling the BLUE euro which fell below zero just after the usd was above the zero .......so GU sells and EU sells ......ok ?
coincidence ? ........luck ? ..........perhaps .......but that luck seems to stick more and more after plenty of practice and training on the FXcorrelator and its derivative indicator friends
all of this kind of simple analysis can be done on my free FXCorrelator using a little planning, thought and training .......(See links below)
there are 28 currency pairs in the G8 ....why are you guessing or hoping that YOUR pair is going to be the best one to trade next ?.....28/1 odds ?........I prefer to reduce those odds using my FXcorrelator thanks !
N