Daily EUR/USD trades
- Thread starter romik
- Start date
OK here's a chart.
In an attempt to protect current gains and mostly in light of a classic triple divergence on the 15 min chart I've opened a same size short @ 1.3226 in another account, which if the divergence does not provide reversal will be covered when 15 min chart resolves itself. I will lose some pips if we go higher, but profit all the way if we see reversal to last 2 days price action.
Do you know what I find very interesting guys, is that when comparing EUR/USD to EUR/AUD, EUR seems to move generally in the same direction on weekly both against USD and AUD.
Now, weekly on EUR/USD looks like there could be a bearish divergence (A-class), though EUR/AUD features a classic Head & Shoulders pattern. Do you see where I am getting at? Uncertainty of a divergence in EUR/USD and a classic H&S in EUR/AUD.
Opinions?
Now, weekly on EUR/USD looks like there could be a bearish divergence (A-class), though EUR/AUD features a classic Head & Shoulders pattern. Do you see where I am getting at? Uncertainty of a divergence in EUR/USD and a classic H&S in EUR/AUD.
Opinions?
Quote from kalzayani:
romik/
http://www.elitetrader.com/vb/showthread.php?s=&postid=1301010#post1301010
might help..
to test that can use a function in Excel
GL
KaL
CORREL
Returns the correlation coefficient of the array1 and array2 cell ranges. Use the correlation coefficient to determine the relationship between two properties. For example, you can examine the relationship between a location's average temperature and the use of air conditioners.
Syntax
CORREL(array1,array2)
Array1 is a cell range of values.
Array2 is a second cell range of values.