10.6 EDSEL

[fx800]

It is almost the middle of the month, and quite perversely, the yen is sharply angling up and crossing the zero line.

GBP is angling down. Based on this, is a sell GBPJPY.

No STO7 signal as it is still below 20.

On my platform, there is an IB/PB setup for a sell.

[Anonymous]

It is almost the middle of the month, and quite perversely, the yen is sharply angling up and crossing the zero line.

GBP is angling down. Based on this, is a sell GBPJPY.

No STO7 signal as it is still below 20.

On my platform, there is an IB/PB setup for a sell.

Same setup with USDJPY. i.e. IB/PB combo.

Both GBPJPY and USDJPY have broken trendline support.

USDJPY has broken thru the 240ma, and taken out the stops at 103.74 level.

[nanningbob]

They havent crossed yet but the aud and nzd are there so I think those are better and safer trades. What your chart is saying is the gbp is still appreciating but the appreciation is slowing. The JPY is just starting to appreciate but not as strong as the gbp. So the 4H chart backs this assessment showing the gbp is above the 240 line but below the 60 meaning it is in the range area for now.

[nanningbob]

The gbp/aud and the gbp/nzd also back the CSS charts since they both have just crossed the 240 line. This shows that the aud and nzd are appreciating and the gbp is depreciating against these two currencies.

[fx800]

DAILYFX on USDJPY

http://www.dailyfx.com/forex/fundamenta ... r_Low.html

[fx800]

Nikkei still falling.

CT trade for AUDJPY as STO7 crossing 80, and price cross below DP.

[lonelytrader]

The gbp/aud and the gbp/nzd also back the CSS charts since they both have just crossed the 240 line. This shows that the aud and nzd are appreciating and the gbp is depreciating against these two currencies.

Thank you for the wonderful and easy to understand review.
I wanted to double check on the point you made here about the G/A and G/N

all three pairs are in the positive on the D1 CSS page, so does that mean we wait until the GBP goes negative? or can we "jump the guy" and follow the fact that the pairs crossed the 240 line.

Thank you in advance for your or anyone else's guidance

[nanningbob]

The gbp/aud and the gbp/nzd also back the CSS charts since they both have just crossed the 240 line. This shows that the aud and nzd are appreciating and the gbp is depreciating against these two currencies.

Thank you for the wonderful and easy to understand review.
I wanted to double check on the point you made here about the G/A and G/N

all three pairs are in the positive on the D1 CSS page, so does that mean we wait until the GBP goes negative? or can we "jump the guy" and follow the fact that the pairs crossed the 240 line.

Thank you in advance for your or anyone else's guidance

I will play the crosses. Whenever CSS lines are going in opposite directions you have a good potential of getting solid trades.

[nanningbob]

Found this thread at FF:

Does anyone know where I can find a pair correlation chart that has nearly all of the currency pairs on it? Every pair correlation chart that I have come across only has a handful of the majors on it, and none of them have the NZD on them. Thanks.

I didnt tell them where one is.

[analfabeta]

http://www.forexticket.com/en/tools/01-01-correlation

maybe?