again I was on holliday in Skopje and Struga. The weather was really nice and I cant wait to go again on a peacefull journey with a smile on my face somewhere else;)
Last week the most bought currency was JPY. It was up for about 2,6%. Other bought currency was as you can tell USD with 1,72% in a green zone.
Others only in RED. Mostly EUR sell on all crosses (-2,0% on G7).
How do I read this table? Are you trading 21 pairs of currencies?
ReplyDeleteYes...as you can see there are different TFs (some not seen 1M, 5M and others, which are not so important for overall picture...also to 12 Months).
ReplyDeleteI MONITOR 21 currency pairs and if there is a oppurtunity I trade them, yes. From all TFs I then MONITOR G7 INDEX for every particular currency. So I calculate general percentage change for G7 (USD,EUR,...) from all their currency pairs. Every six of them.
I get the last table which shows which currency in G7 is bought and sold mostly on the market!
Strategies are different (also working on them!)
It depends how much time I have to trade. If I trade daily positions I use lower TFs and their percentage. Looking at the 1W and 1,2,3D and 4Hs TFs calculation to get an info where the market is going and was going! This numbers are a FACT! Calculated on market moves.
Then, When I get an idea what is happening I pick the Pair(STRONGvsWEAK). I always trade in a trend direction! I often only draw a FIBO retrace and jump in the train again! Use also MAs, S&R and trendlines to get a level to jump in! Ouh, I use higher SL then TP, so my ratio is negative. Dont worry about that cus I only risk 0,5% of my porfolio on 1 trade.
I am also working on an automatical excel file where I will have my own trade suggestions. For both SELL and BUY for every particular pair. It will be developed from levels of FIBO, MAs, S&R which I think are the most common strategies in the world of trading. Looooots of money waiting on particular levels so to speak. Maybe that we could find them!
Thanks so much for clarifying. Looks like there are a lot of work involved finding the %change in those pairs. I too trade according to trend. The trend is your friend, like they all say, isn't it? :o)
ReplyDeleteWish you good trading this week!
Yes, agree on the trend. Find it and make the good out of it.
ReplyDeleteIn the beginning there was a lot of work-now when idea is in the robots...I only have to press "refreash" and get the latest! :)
Thanks, you to-happy greeen! :)