06-19-2008, 03:42 PM
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#106 |
Join Date: Aug 2007 Location: Costa Rica - Philippines - USA Thanks: 10
Thanked 32 Times in 15 Posts
| Re: Introduction to Inter-Currency Analysis Quote:
Originally Posted by Trader333 » Hi ztrader,
I have been using the Excel Currency Strength program and have found it very useful. I have adapted a few things on it as follows:
I have changed the links for the Bid and Ask live data to come from interactive brokers because the data from WHC is often way behind reality. It is fine for HOD and LOD (which IB dont provide) but for actual Ask and Bid I have found IB to be better.
I have also set up an audible alert so that when the difference in spread is > 6.0 or < -6.0 I get a Buy or Sell sound alert. This means that I don't have to watch the screen and get alerted as soon as a big enough spread is detected. I had a Buy this morning on GBPCHF at 2.03695 and as of this post it is at 2.0522 for +152 and is still giving the Buy alert.
I wanted to ask you what the significance of the interest rates are in the sheet ?
Paul | Nice trade there Paul. I have attached two charts on CHF counter currencies and another on GBPUSD. On GBPCHF, I made notations on the validity of the trade, technical and the inter-currency SW effect, news notwithstanding, which by the way, gave added acceleration. Once again, you have your trading method to check on and Currency Strength score on excel format as an added tool.
ENJOY!
ztrader |
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