.

XXX/YYY

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XXX/YYY

#1
We trade pairs.
If long XXX/YYY.
How do you differentiate between being long XXX vs being short YYY.
How do you know which aspect of the trade is working or not working.

I can be short XXX/YYY. Is it YYY strength or XXX weakness that is making the trade?
How do you tell the difference?


Re: XXX/YYY

#2
society wrote:
Tue Feb 05, 2019 10:56 pm
We trade pairs.
If long XXX/YYY.
How do you differentiate between being long XXX vs being short YYY.
How do you know which aspect of the trade is working or not working.

I can be short XXX/YYY. Is it YYY strength or XXX weakness that is making the trade?
How do you tell the difference?
Explain with illustration picture/s
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: XXX/YYY

#3
If you are long EUR/USD and it goes up.

Why does it go up?

Is it because of Eur strong?
Or
Usd weak?

How do you know?

Re: XXX/YYY

#5
rijay wrote:
Wed Feb 06, 2019 12:52 am
Analyze USD index for that.
it was an example

what about for aud/chf?
cad/jpy? or any other?


Re: XXX/YYY

#6
other countries currencies are driven mainly when their countries session is open, that is when most of the transactions of that currency takes place on interbank platform of that country. interbank transactions are driven mainly by demand and supply of physical currency of that country, speculation adds small component to it though.

Re: XXX/YYY

#7
rijay wrote:
Wed Feb 06, 2019 1:25 am
other countries currencies are driven mainly when their countries session is open, that is when most of the transactions of that currency takes place on interbank platform of that country. interbank transactions are driven mainly by demand and supply of physical currency of that country, speculation adds small component to it though.
just because its is midnight in japan and australia now does not mean people dont play aud/jpy, nzd/jpy or aud/nzd during the european or us sessions

and it misses the point of my question

Re: XXX/YYY

#8
that small play by people is speculation, that does not move currency , interbank transactions taking place when banks open moves currencies,

if usd moves all other currencies will move, that is why it is important to analysing usd index,

for example, if you are tracking eur jpy then when japanese banks are open, jpy will move eurjpy pair, because jpy transactions are taking place on japanese interbank platform. during european session open, eur will move this pair, as european banks are doing transactions on their interbank platform.

but ultimaltely usd will move everything, so what happens to usd in us session on us interbank platform, will determine faith of all currencies for the next day.

Re: XXX/YYY

#9
rijay wrote:
Wed Feb 06, 2019 1:54 am
that small play by people is speculation, that does not move currency , interbank transactions taking place when banks open moves currencies,

if usd moves all other currencies will move, that is why it is important to analysing usd index,

for example, if you are tracking eur jpy then when japanese banks are open, jpy will move eurjpy pair, because jpy transactions are taking place on japanese interbank platform. during european session open, eur will move this pair, as european banks are doing transactions on their interbank platform.

but ultimaltely usd will move everything, so what happens to usd in us session on us interbank platform, will determine faith of all currencies for the next day.
this is silly,
its is a global economy, the strength or weakness of a pair is not dictated by what bank is open
also, algos do not shut down when the bank is closed



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