When you are going for the big pips with big size, you don't want to have one of your currencies within the pair to be one of the ranging currencies.
You want both pairs to be MOVING in opposite directions.
So if you are long EUR you would also be short USD (EURUSD)
So if you are long EUR is it undervalued? and
if you are short USD is it overvalued?
The ideas that I trade by:
Moderator: moderators
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- trueblueTEX
- rank: 500+ posts
- Posts: 532
- Joined: Mon Apr 12, 2010 4:38 pm
- Reputation: 2
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
"Not familiar with this kind of chart. "
Currency Index - The currency index represents the evolution of a currency relative to the entire forex. The index is the average of one currency compared to others. The chart representation makes it easy to view trends by currency.
Instead of looking at pairs, it's showing you the individual currencies...
Currency Index - The currency index represents the evolution of a currency relative to the entire forex. The index is the average of one currency compared to others. The chart representation makes it easy to view trends by currency.
Instead of looking at pairs, it's showing you the individual currencies...
Life is just a journey
- trueblueTEX
- rank: 500+ posts
- Posts: 532
- Joined: Mon Apr 12, 2010 4:38 pm
- Reputation: 2
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- trueblueTEX
- rank: 500+ posts
- Posts: 532
- Joined: Mon Apr 12, 2010 4:38 pm
- Reputation: 2
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- trueblueTEX
- rank: 500+ posts
- Posts: 532
- Joined: Mon Apr 12, 2010 4:38 pm
- Reputation: 2
- Gender:
PebbleTrader wrote:"Not familiar with this kind of chart. "
Currency Index - The currency index represents the evolution of a currency relative to the entire forex. The index is the average of one currency compared to others. The chart representation makes it easy to view trends by currency.
Instead of looking at pairs, it's showing you the individual currencies...
Sorry, wrote my response/question while you were writing the answer!
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.