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YEN Trading M1
Posted: Thu Jul 19, 2018 2:55 am
by FBI
Simple.
Watching 6 pairs, and when trend starts, is good to go.
Re: YEN Trading M1
Posted: Thu Jul 19, 2018 11:44 pm
by FBI
USD was strong today, so no real trend, not all lining up so to say, but AUD, NZD and GBP could have been traded.
and they are like 3 pairs, AUD-NZD, GBP-EUR and USD-CAD, just additional info, if you did not know that, (geological reasons I guess)
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 12:50 am
by vvFish
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 1:04 am
by FBI
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 2:34 am
by Krelian99
FBI wrote: Thu Jul 19, 2018 11:44 pm
USD was strong today, so no real trend, not all lining up so to say, but AUD, NZD and GBP could have been traded.
and they are like 3 pairs, AUD-NZD, GBP-EUR and USD-CAD, just additional info, if you did not know that, (geological reasons I guess)
I don't understand that. Who is like 3 pairs?
AUD pairs were good today.
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 3:10 am
by FBI
It is all about YEN trading. Got it?
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 3:44 am
by FBI
I thought that it was clear what we are talking about here, because thread subject is: YEN trading, but I can write that JPY too if someone really needs it to understand.
AUD-JPY and NZD-JPY
GBP-JPY and EUR-JPY
USD-JPY and CAD-JPY
So these act very similar way, usually, like pairs, like twins.
Market opens first in NZD and AUD, they very often shows what EUR and GBP will do when EUROPE opens, and later when NORTH-AMERICA starts trading, USD and CAD follows.
Anyways, that is not so important, just take trades, when there is a real trend. Your charts will tell you when that happens.
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 3:57 am
by FBI
I did sell GBP-JPY
when this happened in USD-JPY,
should have shorted USD instead, but usually it is so lazy.
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 4:10 am
by FBI
Better picture, these MA^s act like this, kiss and good bye .
Re: YEN Trading M1
Posted: Fri Jul 20, 2018 5:01 am
by Krelian99
FBI wrote: Fri Jul 20, 2018 3:44 am
I thought that it was clear what we are talking about here, because thread subject is: YEN trading, but I can write that JPY too if someone really needs it to understand.
AUD-JPY and NZD-JPY
GBP-JPY and EUR-JPY
USD-JPY and CAD-JPY
So these act very similar way, usually, like pairs, like twins.
Market opens first in NZD and AUD, they
very often shows what EUR and GBP will do when EUROPE opens, and later when NORTH-AMERICA starts trading, USD and CAD follows.
Anyways, that is not so important, just take trades, when there is a real trend. Your charts will tell you when that happens.
FX is always about currency pairs, but you meant the correlation of the pairs. NTL, I would see a high correlation across all tfs to the pairs (description referred to base currency):
AUDJPY-NZDJPY-CADJPY (the resource or commodity pairs),
GBPJPY-EURJPY (producing or anti-pairs to USD),
USDJPY (consumer).
CHFJPY (safe haven, both CHF and JPY are safe haven currencies, that's why the correlation of CHF to EUR is good and very stable and to USD can be high).
