How much do you make? -
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thread: How much do you make?

  1. #81
    as a negative note, and not to take over this thread but I'm so new here that I can't even post a thread to ask a query.

    Is there any pairs which exchange in the exact same direction (generally speaking) ie pairs which you wouldn't go long or short on at the exact same moment.

    So if I had a brief on say? Gbpusd I should not go long on this pair ______ because they generally trade at the exact same direction?
    Hi cjohnsondies,

    Don't be worried about hijacking this thread, it's turned into a joke, anyway. The losers who'll never be successful are bitter about it all they could do is attack those people that are successful.

    To your question, this is something I pay attention to. In terms, each currency will have a bullish or bearish bias across all pairs. Therefore, for instance, if AUD is bullish it could go up against EUR (EURAUD heading down), but if JPY is also bullish, AUDJPY may be fairly flat while CADJPY is dropping hard. Make sense?

    But also, each currency predominates at distinct times. During 2011, AUD was bullish and I would never be on opposite sides of it. But its dominance is currently weakening and I would be more prone to be on opposite sides.

    For another instance, although EUR represents the world's biggest GDP, it can readily be secondary, therefore it wouldn't be uncommon for me to be bullish on EURGBP and bearish on EURAUD, for instance. Right now the only time it seems to dominate is .

    Pretty much the only pairs I will never be on opposites sides of are USD pairs and JPY pairs.

    Rob

  2. #82
    Hi,

    Do not be worried about hijacking this thread, it has turned into a joke, anyway. The losers who'll never be successful are so bitter about it is attack those people who are successful.

    For your question, this is something that I listen to. In loose terms, each currency will have a bullish or bearish bias across all pairs. Therefore, as an instance, if AUD is bullish it could go up strongly against EUR (EURAUD going down), but if JPY is also bullish, AUDJPY may be fairly flat while CADJPY is dropping hard. Make sense?

    But...
    great advice partner, and that makes me think of another angle which I often wonder because someone told me that when the pound is bullish the euro is generally heading up too and vise versa, so don't get caught in a senario in which you are shorting the GBP and extended over the EUR.

    Is there any truth to this and if so is there any other currencies which do so say for example the NZD and AUD because they're so near and it would seem they would almost gain from each others favorable financial info. Take for instance the CAD riding the coat tails onto the favorable news that just came out about the american economy.

    To be frank I am very new and just trying to get a few down ground rules, I have a trading plan, I always use stop losses and utilize a pretty great system which has me up quite a few pips thus far. I simply don't want a few things bring me down. Matters in which the seasoned trader would look at my transactions and state something like oh well there's your problem you are going blah blah blah if you should have stayed away from this all hope this rambling makes sense. Just trying to preserve my capital and get the hiccups I presume.

    cory

  3. #83
    Junior Member Rodrivelwz's Avatar
    25
    I am extremely new (extremely new!) But I haven't done bad. Small winners, small losers and a couple big winners.

    I don't really know and don't hesitate to call me a moron but I think perhaps your profitability is directly connected to your risk managment.

    As a negative note, and not to take over this thread but I am so new here that I can't even post a thread to ask a query.

    Is there some pairs which exchange in the same direction (generally speaking) ie pairs which you wouldn't go short or long on at the same moment. ...
    Have a play around with this correlation table. Hope it will help a bit.

    Http://www.forexticket.co.uk/en/tools/01-01-correlation


    great advice mate, and that makes me think of another angle which I often wonder because somebody told me that if the pound is bullish the euro is generally going up as well and vise versa, so don't get trapped at a senario where you're shorting the GBP and long over the EUR.
    Generally right if EUR/GBP is steady. But EUR/GBP has not been that stable lately so if EUR/GBP is moving down and we've got general US$ strength, you may notice that E/U is dropping faster than GBP/USD or at the lack of US$ strength, E/U may still be heading down while GBP/USD is remaining stable or perhaps going up. Now is a good illustration of that.

    Ahead of the GFC, EUR/GBP was at a relatively small range so that it was generally true that if E/U was bullish, G/U would follow. Not too much nowadays.

  4. #84
    Have a play around with this particular correlation table. Hope it helps a little.

    Http://www.forexticket.co.uk/en/tools/01-01-correlation




    Generally right if EUR/GBP is steady. However, EUR/GBP hasn't been stable lately so if EUR/GBP is moving down and we've got general US$ strength, you might note that E/U is falling faster than GBP/USD or in the lack of US$ strength, E/U might still be moving down while GBP/USD is either remaining steady or even going up. Now is a good illustration of that.

    Before the GFC, EUR/GBP was in a relatively...
    seriously man! Thanks so much! Definitely great food for thought

    cory

  5. #85
    Member fanl1's Avatar
    45
    seriously man! Thanks so much!
    Female traders do exist, and can be just one.

  6. #86
    great info mate, and that makes me think about another angle which I often wonder about because someone explained that when the pound is bullish the euro is generally heading up too and vise versa, so don't get caught at a senario where you are shorting the GBP and extended on the EUR.

    Is there some truth to this and if so is there some other currencies which do this say for instance that the NZD and AUD since the are so near and it would seem that they would almost gain from each others favorable fiscal info. Take for example the CAD riding the jacket...
    cjohnsondies, that's very good info from, along with the tables at the connection pretty much sum this up.

    There may be two methods to look at this in a practical sense. One, if both AUD and NZD are bullish, you can look to the same currency paired with AUD and NZD (EURAUD and EURNZD, by way of instance ) to determine which appears more bearish and that are the greater transaction (EURAUD and EURNZD will return if AUD and NZD are bullish).

    But for number two, and this is just an extension of number one, you can build a basket trade, where you just take one or two or three AUD pairs or one or two or three NZD pairs, divide your position size and set a smaller transaction on each of these. The cause of this is, by way of example, GBPAUD might be a better mover than EURAUD, but you wouldn't know that beforehand. I do this with JPY pairs, except USDJPY - it is in its very own world. Therefore, once the world becomes normal again, a possible basket might be to brief EURAUD, EURNZD, GBPAUD and GBPNZD, each having a place.

    Rob

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