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Visualisation in Excel of current market situation: Built using https://www.excelpricefeed.com  

"...an inverting yield curve and weak June manufacturing data across the globe have divided analysts on whether or not a pullback is due. DWS forecasts a “moderate cooling of economic activity”, but J

Overnight remains risk off. Indices and Oil down. Gold and Bonds up with Bonds just pulling back. Today not much on the calendar so it's all about the virus. 

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26 minutes ago, dmedin said:

What does that FX thing mean Tom 🤓

The top row A is the relative strengths of each currency, strongest on the left to weakest on the right when the snap was taken.

B is the strength difference between the pairs and C ranks them from largest at the top to smallest difference at the bottom.

So the top 4 all have a Diff of -4.4 but when spread is taken into account the the best trade was calced as Short (red) gbpusd.

A look at the chart shows that this is not new news but given that the correlation table updates every second is worth keeping an eye on.

Equally important is knowing which pairs to stay away from, those of equal strength and just going sideways.

 

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image.thumb.png.2ff701001bfb46d7c7a96fb6a2a8f5b0.png

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    • Hi THT, I assume you have this vertical time grid plotted out in advance and you're waiting to see if the market obeys it.  Is this time cycle purely derived from observation?  So following the Covid crash you could observe 3 lows and plot 3 vertical lines and see that theres roughly an equal distance between them. You could then plot out more further in time with the same interval. That seems very simplistic but perhaps that is not how you come about it. When I say it looks simplistic I realise there is a lot more to a strategy than this observation to make it work. 
    • I don’t think I’ve ever come across an accurate post like this.
    • but if bitcoin is really 24 hours, does it open even on the weekends?
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