[B]Hello traders!
After [I]Markaria400[/I] suggested this,
I made a video on hedging in forex trading,
which you can watch here:
Enjoy, and leave comments!
Thank you
[/B]
Im going to be reviewing your video and let you know what I think of it, thx for posting it.
Thanks mm473, cheers!!
Looking into that link…
Cool, FTSE rise interest rate, GBP goes up
Thanks Ying17…
Yes, the FTSE100 has been sensitive to Brexit like the Pound, so they have very much been moving in tandem, but while yoi could say that the FTSE100 is coming off cyclical/historic highs, the GBP/USD is coming off historic lows: will a ‘no Brexit’ result be the opportunity for large speculators to get bullish on the Pound and get the price to move up? How will the FTSE100 respond and will it return to an inverse correlation to the Pound?
Hi pmh. This is what fundamental analysis is all about ? Interesting. I should start somewhere later on. After having my idea locked in first.
The correlation makes sense after all.
I like this thread. Once FTSE raises or goes up . The GBP goes down and vise versa (need to check the support/resistance on the chart on this daily tf as there’s a big chance it may goes towards support or resistance.
I think i notice also with the Nekkei dropped the Yen raises,Yen was like a popular actor among the majors therefore resistances S1,S2 and S3 might hit in the USD/JPY and it did!
Last week i was looking closely also at the S&P500 went down more than 65%. Result, The dollar strengthen, now it makes sense the correlation thinggy. If the dollar strengthens the the EUR/USD pair might hit the support area. So i was trading S1,S2,S3. I’m already happy a winning trade even just 1 pip.
PMH,
I’m so happy that i knew this things. I’ve watched over the history of the majors and tried to correlate every week. Sometimes if FTSE100 goes up GBP will go up also and thats for every week or Vise versa.
Hello Ying17 and well done on your trading!
Yes, so you are looking at currency and equities
correlation too, is that right?
I know that the ‘technical’ traders out there
sometimes say that news are not something
one should pay attention to, but I think that
you can still pay attention to ‘the bigger picture’,
that is, sentiment, of which trending is an expression,
to name one technical strategy (trend trading).
However, there is a misconception that
‘fundamentals = news’: while news releases
ARE part of fundamental considerations,
they are only that, a PART, which means
that even ‘pure technical’ traders are exposed
to fundamentals. When someone trades a trend
they are riding bullish or bearish sentiment, therefore
they will undoubtedly have to at least be aware that
something like the UK referendum could disrupt
that trend - like if they were trading a bullish GBP/USD
trend, for example, which we do not.
I also think that, on the other hand, ‘fundamental’
traders can sometimes be a little too self-righteous
in claiming the ‘upper ground’ when analysing
trading opportunities, perhaps because the
fundamental view tends to be associated with
a more macroeconomic, hedge-fund approach.
In the end, whether you are a small retail trader
or a large hedge fund manager, we are all speculating
on an unknown future, trying to get something out
of the market and protecting our capital in the
(likely) event that we may be on the wrong side
of it…
In the end, any approach is valid, as long as it
makes you money.
hi thank youuuu PipMeHappy for the video
here is the chart of currency indexes during a month period
here is two more
those colorful ribbons are showing the important calendar event
Hello Markaria,
you are welcome - I hope I pronounced your name correctly!
How did you get those charts?
I know TradingView allows you to create
charts like those, but… what did you use?
Also, how do you use them for your trading?
[QUOTE=“PipMeHappy;764266”]Hello Markaria, you are welcome - I hope I pronounced your name correctly! How did you get those charts? I know TradingView allows you to create charts like those, but… what did you use? Also, how do you use them for your trading?[/QUOTE] Yes sure , Go to dukascopy.com there is section its name market research they have pdf files they do update every day for pairs and you can trade those pairs which far or so close to each other , or even after reach desire high percentage of change most likely happen after the events and drive trend to the side one direction
Ps: the currency in centre zero point with widest strength currency
Thank you, very useful…if you could share that in a new thread, other people may benefit from using those charts, i think… If you had time to start a new thread about these charts, that would be useful to a lot of people.
Ps: I went looking for those charts in Dukascopy and found something similar under the ‘Currency Index’ tab:
However, you mentioned .pdf documents instead:
where would you go for those, within the website? I looked for the “Market Research” section but could not find it…
[QUOTE=“PipMeHappy;764261”]Hello Ying17 and well done on your trading! Yes, so you are looking at currency and equities correlation too, is that right? I know that the ‘technical’ traders out there sometimes say that news are not something one should pay attention to, but I think that you can still pay attention to ‘the bigger picture’, that is, sentiment, of which trending is an expression, to name one technical strategy (trend trading). However, there is a misconception that ‘fundamentals = news’: while news releases ARE part of fundamental considerations, they are only that, a PART, which means that even ‘pure technical’ traders are exposed to fundamentals. When someone trades a trend they are riding bullish or bearish sentiment, therefore they will undoubtedly have to at least be aware that something like the UK referendum could disrupt that trend - like if they were trading a bullish GBP/USD trend, for example, which we do not. I also think that, on the other hand, ‘fundamental’ traders can sometimes be a little too self-righteous in claiming the ‘upper ground’ when analysing trading opportunities, perhaps because the fundamental view tends to be associated with a more macroeconomic, hedge-fund approach. In the end, whether you are a small retail trader or a large hedge fund manager, we are all speculating on an unknown future, trying to get something out of the market and protecting our capital in the (likely) event that we may be on the wrong side of it… In the end, any approach is valid, as long as it makes you money. :)[/QUOTE]
Yeah, atleast I’m not gunna sit the whole day hoping or praying trends go up or down. There is an edge watching indeces after all and looking pairs against major and minor league. Still looking into support resistance.
Thank you!
Hey I like the video its simple and informative, gj man.