Aussie, kiwi and Luni are main CRB currencies. I stand by what was posted. But yes if Gold rallies the USD index will fallas well as there is an 80% correlation between the USD and Gold.
In Foreign Exchange the interest rate differential is paid daily between a countries interest rate and their currency. Wed's at 5pm EST is the day that the weekend is paid as delivery is 2 days. Usually after 5pm est on wed's there is a selloff at some point in the night. last week cable went down 200 pips! you dont have to short it right after 5pm but look to scale into the trade and trade it to the downside all night.
200 pips?! Jesus Christ!! We are ready!! Well, let's see what happens. Thank you very much for your input, globalfxllc. We stay in touch. P.S. Luni? Is that CAD?
Yes the Luni is CAD. We are not saying Cable will go down 200 pips! but It should be a nice trade to the downside. we made an avg of 60 pips last week so we missed out on alot more. Better to make money than be a pig. Plus it was in more of a downtrend last week and this week it is in an uptrend so we are wary but the strategy is a high probability trade.
OK. We love new ideas. I like to trade the London (Europe) open, when the trend many times starts for the rest of the day. Also the London close (around 5 or 6.00 GMT) , when the traders close their positions, and we many times see a move in the opposite direction. Have you observed that?
P.S. I like that: "Better to make money than be a pig". Well, Soros' has another one: "To make money you must be a pig"...
yes we have noticed that there can be a pop then a selloff after. that is why we dont sell right at 5pm