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9 minutes ago, HMB said:

okay - yes of course, reading your first sentence again... in other words each line is a (weighted) average of moving averages

very interesting, good way to summarize fx performance imho - should make it easier to identify e.g. if a EURUSD rise is due to EUR strength or USD weakness, to give a simple example... am I understanding this roughly correctly..?

it does use weighted moving averages of fast and slow moving average to give an average of averages.

yes, looking at the chart of a strong matched to a weak the chart should already be trending, looking at the chart of 2 currencies that are moving in opposite directions and crossing over could indicate the start of a new trend.

 

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thanks - will keep following these indicators in your posts  

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Indices down. Bonds up. Oil and Gold little change.

Today US FED speak throughout.

FX correlations.

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Indices, Gold and Oil down.

Today UK industrial trends survey, nothing to worry about there, another lockdown will be fine.

FX correlations.

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Indices up. Oil down. Gold slipping down to weekly support level.

Today PMIs US, EU, UK.

FX correlations.

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Indices and Gold down. Oil up.

Today Ger IFO data. EU econ bulletin. FED Powell testifies to senate.

FX correlations.

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Indices, Oil and Gold up.

Today US durable Goods.

FX correlations.

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Who trades off of a spreadsheet?

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2 minutes ago, dmedin said:

Who trades off of a spreadsheet?

I don't trade off it, I use it to compare markets, download and analyse my trades/positions etc.

I would rather build my own view in Excel than use the watchlists on the web platform.

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5 minutes ago, andysinclair said:

I don't trade off it, I use it to compare markets, download and analyse my trades/positions etc.

I would rather build my own view in Excel than use the watchlists on the web platform.

That's very wise considering that the information on IG's web pages is completely unreliable.

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