not a bad way in principle for an intrade
1. how are the green/red colours for the currency defined?
If there are enough pairs of XXXUSD and USDXXX in your trading centre, you may risk to automate
2. Are there other currencies besides EURUSD and GBPUSD like XXXUSD? Or is it like if euro and pound goes up, then buy euro?
Have you looked at the website?
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%Ch growth - rightmost column
look only pairs with USD - crosses probably also
but i usually look XXXUSD USDXXX
Unfortunately not many brokerage houses have a good set of XXXUSD USDXXX
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Alexei!
USD/CAD USD/Canadian dollar 1.1667 1.1667 1.1667 -1.19%
USD/CHF USD/Swiss franc 1.1348 1.1348 1.1348 0.07%
USD/HKD US Dollar/Hong Kong Dollar 7.7604 7.7596 7.7612 -0.04%
USD/ILS USD/Israeli Shekel 3.6055 3.5935 3.6175 -2.09%
USD/JPY US Dollar/Japanese Yen 100.7325 100.725 100.74 0.45%
USD/NOK USD/Norwegian Kroon 6.1706 6.1691 6.172 -2.21%
USD/RUR US Dollar/Russian Rouble 26.126 26.1257 26.1263 -0.68%
USD/SEK USD/Swedish krone 7.0644 7.0642 7.0647 -1.88%
USD/SGD US Dollar/Singapore Dollar 1.4687 1.4684 1.4689 -0.86%
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AUD/USD Australian Dollar / US Dollar 0.6758 0.6755 0.676 4.43%
EUR/USD Euro/US Dollar 1.3634 1.3633 1.3636 1.64%
GBP/USD GBP/USD 1.7153 1.7151 1.7156 0.63%
NZD/USD New Zealand Dollar/US Dollar 0.6045 0.6044 0.6045 1.27%
the group is underrepresented! ( on this site )
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Since morning the situation has not changed - the quid has been standing all over the spectrum throughout Asia in the sell direction
In such a situation, I prefer to sell USDXXX pairs
and XXXUSD bye
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this is not a complete set of USDXXX
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let's just sum it up - we discard the "albinos" who have broken away from the pack!
By the way, sometimes you can make a good move on the "albinos" because they usually rush to catch up with the pack!
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Oops - rule!!! USDJPY should not be considered in a pack!
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but the chif is supposed to turn around! today
Have you looked at the website?
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%Ch growth - rightmost column
only look at pairs with USD - crosses probably can also be taken into account
but i usually look XXXUSD USDXXX
Unfortunately not many DCs have a good set of XXXUSD USDXXX
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At the moment the situation is such, that we may trade without any tricks and analysis:
NZDUSD,
EURUSD,
GBPUSD - go straight to sell
USDCAD,
USDCHF - easy to buy
USDJPY - easy to sell
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On a possible pullback of 100-300 points - bravely to strengthen.
At the moment the situation is such that it is possible to trade without any tricks or analysis:
NZDUSD,
EURUSD,
GBPUSD - go straight to sell
USDCAD,
USDCHF - easy to buy
USDJPY - easy to sell
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On a possible pullback of 100-300 points - go for a strong position.
in this case already
stop at 310p ? on all pairs ?
what is the target -approximately for which pairs?
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i meant intraday not medium or long term
300 pips is death there
if you put a 300 pips intraday - he will not survive
310p stop ? on all pairs ?
Depending on the size of the deposit and the volume of positions opened.
For example, with a 1000$ deposit and position volume up to 0.05 lots you may do without any stops.
And choose the moment of increasing depending on the instrument's dynamics.
For example, my aim for all instruments is 100 points.
As for "Intraday", "Long term", "Medium term", these are all very relative.
Trouble is, I can't tell the statistical average.
You'd have to run each pair on the nearest history.
then correlate it with the others.
i.e. i don't have much of a history
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the solution visually by the number of XXXUSD and USDXXX and %
entrance is made at 6-9 hours OC time, it is desirable on break of a morning flat or on a rebounce after breakout
something like this method - but with a bigger analysis of XXXUSD USDXXX
http://forum.masterforex-v.org/index.php?showtopic=9387
which is usually more reliable
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short targets are usually intraday - but there is a chance to catch far from an intraday trend!
Depending on the size of the deposit and the volume of positions opened.
For example, with a 1000$ deposit and position volume up to 0.05 lot, you can do without any stops.
And the moment of stop should be chosen depending on the instrument dynamics.
As practice of several years has shown - stops are still necessary.
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For the intraday every morning
we look around the asian session before the european start and at the beginning of the european start
for example there are 45 pairs in total
http://stock.rbc.ru/demo/forex.0/intraday/index.rus.shtml
( not much for analysis but enough for analysis )
If there are enough pairs of XXXUSD and USDXXX in your brokerage company, you may try to automate
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XXXUSD pairs in the green rising zone in its majority ? BAY EURO
USDXXX pairs in the red rising zone in its majority ? BAY EURO
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XXXUSD pairs in a red falling zone, with a majority ? EUR SELL
USDXXX pairs in a green rising area, for the most part? EUR NETWORK --- USDXXX PAIRS IN THE GREEN RISING ZONE, IN ITS MAJORITY?
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we do not rush until we are clearly overbalanced - prerequisite
this is essentially a synchronous breakout - I have been seeing this pattern for a long time in the mornings!
rarely fails