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hippoownyou replied Mar 13, 2015Here is my EURUSD short. I am looking to trail my stop to 1.075, but i need to see a pre-FOMC correction first.
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 13, 2015The triangle technical pattern at the EURCHF has been broken. Having historically negative correlation, CHFJPY should spike up. However, notice how CHFJPY is not affected. I assume it goes back to the 1.0 correlation with EURUSD.
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou commented Mar 13, 2015This is good deflation led by drop in energy and food prices. YOY 1% increase in PPI.
US Producer Price Indexes - February 2015
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hippoownyou replied Mar 13, 2015GBPUSD incredible move to the downside puts this pair at a 2 year low. Breaking the low will be a huge psychological challenge. However we shall not rule out the possibility of it breaking given the fact that we have FOMC data coming out next ...
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 13, 2015This certainly explains the decline in the EURUSD from may of 2014. Here i have a chart comparison of German 2 year bund yields vs US 2 year bond yields. For those who are wondering, I do have a EURUSD short at 1.11265 Have I closed my position? No ...
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 13, 2015Incredible correlation coefficient between CHFJPY and EURUSD. Both pairs are currently moving at the same direction.
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 13, 2015Wish you best of luck! What strategy will you be using to achieve the goal?
Playing $3000 to a Million in Real Account (Myfxbook Verified)
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hippoownyou replied Mar 12, 2015I agree that on smaller time frames it does not work. But if you line up the fundamentals, the 1.000 correlation coefficient on the 4h chart makes bloody good sense. Of course, there is always the event where the correlation fails but with a reason. ...
Gordon Gekko's real-time Forex trading calls
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hippoownyou replied Mar 12, 2015You should try looking at the EURUSD if you are going to trade CHFJPY. Correlation coefficient in the 4h chart is close to 1.000 and it is definitely a more volatile pair. If there happens to be a breakout, it will show up in the EURUSD chart before ...
Gordon Gekko's real-time Forex trading calls
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hippoownyou replied Mar 12, 2015Here is the Japan Government bond yields comparison. Blue - 2 year Purple - 5 year Green - 10 year Notice the higher level of volatility on the 2 year bond. Source : url
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 12, 2015A triangle pattern forming on the EURCHF 4h charts. A break to either the up or the downside will definitely affect my CHFJPY short. London session is ending soon, volatility in the markets is certainly waning.
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 12, 2015Today is day 4 of ECB asset purchase program and the 4th straight day of the drop in Switzerland Government Bond yields. Before the US open i would like to post this chart to justify my stance on my CHFJPY short. Here is a chart comparison between ...
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou commented Mar 11, 2015Korea gone bonkers with currency wars.
Bank of Korea joins global policy easing with surprise rate cut
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hippoownyou replied Mar 11, 2015Here is a chart showing CHFJPY being a good hedge in extreme scenarios. In this chart I have chosen the 2008 financial crisis. It tells us that during extreme risk aversion scenario where the market starts to panic, de-leverage move is in favour of ...
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 11, 2015Technical analysis explained with fundamentals Correlation Coefficient analysis.
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 11, 2015Upcoming Key event risk to look out for 17-3-2015 (BOJ) 19-3-2015 (SNB, ECB) Meanwhile, do look out for news on Greece. If Greece bond yields spike, CHF denominated bonds will be affected. Another key event risk to look out for is the ECB ...
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 11, 2015Proof of SNB Selling CHF to buy EUR or other currencies. Since the removal of the EURCHF peg ( 15-1-2015 ) , SNB continued to increase its FX balance sheet. url
Successful Fundamentals trading (DAY Trading WILL BE Ignored)
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hippoownyou replied Mar 11, 2015Long term trade. CHFJPY short Fundamentals - Swiss negative bond yields - Capital flight in Swiss - ECB asset purchase program till September 2016 - SNB selling its CHF reserves ( Mostly in exchange for EUR) Technical - Clean 4h triangle break ( ...
Successful Fundamentals trading (DAY Trading WILL BE Ignored)