Day Trading Diary, page-80

  1. 1,118 Posts.
    So, we have the following charts:
    20151219 FX Currency Strength.PNG
    20151219 FX Individual Currency Pairs.PNG
    A bit busy with the Individual Currency Pairs chart, but when used to verify the Currency % Strength chart, it is powerful.

    For instance, it can establish the weakness of CAD:
    20151219 FX Individual Currency Pairs CAD.PNG
    So all the pairs are negative! There's a slight difference between the order of currency strength between the Currency % Strength and the order here (GBP and AUD), but it is not greatly significant.

    So, how do I continue from here? Well, I will trade the weakest currency with two of the strong currencies.

    For that, let's go with EUR/CAD and JPY/CAD. Lets see how we go.
 
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