Introduction to Inter-Currency Analysis

[walterw 10]

Walter,

 

I emailed them to you earlier for you to evaluate. Please check you gmail inbox. Thanks. ... EJ

 

 

Thanks so much EJ ¡¡ I will be checking on it... cheers Walter.

[Trader333 10]

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

[GammaJammer 10]

GBPCHF post the retail sales figures has been on an absolute tear. It is in no way a technical story, but glad you managed to hop on board, however that came about Paul.

 

GJ

[Trader333 10]

GJ,

 

Yes I had no idea that it was news related I just got an alert and that was good enough for me.

 

 

Paul

[GammaJammer 10]

Personally I'm not sure I'd be comfortable trading like that, and definitely sure I wouldn't trade GBP/CHF like that. No way I have the cojones

[ztrader 10]

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

[walterw 10]

Sweet as usual EJ... sweet sweet stuff ¡¡ cheers Walter.