Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by Ron Schelling
Using Fibonacci ratios to manage your trades efficiently
by Sunil Mangwani
November 23, 10:00 GMT
Register for the webinar
The AUD/USD has a strong uptrend the last months.
This means the hedge percentage for the last two months is 100 %
For the hedge analayses of the other major currency pairs see:
http://www.2hedge.com/mmfxhedge.html
I am away from office and back with a new update after October 29th.
There is a big free online webinar going on this week with a lot of technical analyses.
It starts today and will end Friday evening.
Breakout levels for week 43 which you can compare to last week breakouts.
For details see also: http://www.2hedge.com/mmevbo.html
(no breakout report for week # 44)
Houesehold debt has zoomed from 113% to 180% in s few years time.
Read this very interesting article about the real USA economy.
What will it means for Forex ?
http://suddendebt.blogspot.com/
Breakout levels for week 42 which you can compare to last week breakouts.
For details see also: http://www.2hedge.com/mmevbo.html
Arab states have launched secret moves with China, Russia and France
to stop using the US currency for oil trading.
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
Below the chart of the EUR/CHF with the percentage to hedge at the bottom.
Maybe it’s good to compare this with the two other legs of this cross-rate with the timing of their trends.
In order to get EUR/CHF you need EUR/USD and USD/CHF and you can see those chart here:
http://www.2hedge.com/mmfxhedge.html
Next week breakout levels which you can compare to last week breakouts.
For details see also: http://www.2hedge.com/mmevbo.html
A different way of creating a currency chart is the Fixed Range Bar chart.
Each bar has the same length and therefore the time factor is not used.
Only a new bar is build once the present bar has reached his fixed length.
With this chart turning are better calculated, the first close passing the green trend line.
A new trend is redrawn once the close has not passed the present trend line.
We will come back on this type of chart later.
Only a few software programs can show the Fixed Range Bar Chart.
