Correlation and strength are two different things. That chart doesn't measure either, I think it is a trend indicator. The percentages at the end seem to calculate the percentage of time frames which are trending up/down.

Looking for a Website - Currency Correlation Percentages

If you are bullish GBP and USD, don't trade them together. If USD is going up find a weak currency to sell against it. Different news events have different effects at different times, I think your question is impossible to answer. Some news only ...

Relevance of most recent important news releases?

There is a difference between real value and relative value. If you were to value a manufactured item you would begin at zero, and then add all the components of price such as parts, labor to produce and distribution costs. The total of those ...

Fundamental Analysis Fallacy

If you want to make it big in this game, at some stage you have to swing for the fences - many of the worlds top traders and investors went broke more than once on their journey. I agree with you about testing on historic data - the markets are not ...

My path to heaven or hell

I am a swing trader - most of my trades are held for 3 - 10 days, and I take direction solely off fundamental and intermarket analysis. I don't consider myself a "news trader"- news events have various effects on my overall sentiment and direction ...

Fundamental Analysis Fallacy

Open charts of Gold and a major stock index. Make sure both are measured against the same currency - eg gold/USD and SPX500. Superimpose one chart onto the other and you have a crude indicator of risk sentiment. Gold starts climbing against SPX = ...

Looking for alternative market sentiment tools

Most of the more successful traders - the ones who need to pay tax on their earnings and protect their capital from nosy/greedy friends and family, don't have trade explorers. It doesn't provide any benefit to them. Besides, looking at somebody's ...

Filtering threads on basis of Trade Explorer performance

"7+ figures a year" isn't very specific. how much money do you think you'd need to carry out your altruistic goals? Would $12,463,815 be enough? In that case you need to fiercely protect and build your capital for the first $12,463,814. Then when ...

If you ever made it as a trader...

I think this is B.S., it's a persistent and pervasive myth around here that this is how the "big boys" enter the market. I know there are traders who do this, but they aren't the ones playing with the really big bucks. Tell me, if the "big boys" ...

Role of Market Information in Trading

Shinzo Abe announced his intentions to devalue the yen in September 2012. By November it was clear he was going to win the election, which he did by a landslide in December. JPY then plunged week after week until may 2013. Split second stuff here ...

Role of Market Information in Trading

Maintaining price stability is the usually their main role, but each central bank has its own mandate - price stability is the one and only purpose of the SNB but the RBA also targets full employment and long term prosperity. They all act with ...

Current account and exchange rates

Countries running a current account deficit need to pay for it with capital account surpluses, as has been explained. Increasing interest rates is an attempt to attract capital. Therefore countries with a trade deficit generally have higher interest ...

Current account and exchange rates

1. Yes, it is the most important part of my trading. I use almost no technical analysis. 2. I follow several news feeds and analysis/opinion blogs. I am looking specifically for situations where a news release has the potential to move price ...

Role of Market Information in Trading

I'm not necessarily saying trading is more difficult now, it is driven by different fundamental themes than it was then. In the 1990s global macro traders were the rockstars of the currency world, in the 80's it was long term trend followers. 2008 ...

Looking for alternative market sentiment tools

This. In the late 80's, early 90's it was common to see huge differences between interest rates - sometimes Australia would be 10% higher than Japan etc., and central banks would regularly change cash rates by a whole 1% without warning. Trading ...

Looking for alternative market sentiment tools

A nations currency value is essentially a weighted index - it is the product of many factors including monetary policy, import/export values, capital flows, investor sentiment, economic growth, equity and commodity prices and many others. GREAT ...

Gifted Traders?

There may be fund managers who started here, I don't know. I don't know of any myself. Large hedge funds put a lot of effort into finding the best and brightest traders in the world, it would be silly to think they don't scour forums like this for ...

Recruited from Trade Explorer?

fund manager I don't know, company trader yes.

Recruited from Trade Explorer?

It's a shame that this came to an end. Of all the threads in Forex Factory, this is possibly the only one capable of directing traders toward long term, sustainable profitability through various market conditions and cycles. If you are still lurking ...

Identifying Market Swings - Medium and Long Term Trading

Again, I disagree. I don't care if a pair of currencies seemingly bounced off support 15 times in a row - if the fundamental drivers behind one of those currencies undergoes a major shift, or if one of them makes a move against the USD, that level ...

Most Technical Pair