From now on I shall examine the eight most-traded currencies globally, instead of the 6 analyzed here.
Thus, I shall examine the eur, usd, gbp, chf, aud, jpy, nzd and cad.
Thus for this week and felt that the hierarchy in terms of relative strength of each currency is as follows:
1º JPY
2º NZD
3º GBP
4º EUR
5º AUD
6º USD
7º CAD
8º CHF
Thus combining the four strongest currencies in the fourth weaker currencies.
I will no longer match every strong currency, with each weak, as this would get 16 pairs of currencies, now considering only four pairs of currencies, each currency will appear only one time.
This will result that the weekly results will be less expressive, whether positive or negative.
In the money management function of each, will be able to enter into contracts every couple with more or fewer contracts to adjust your definition of risk and income.
But this is a simpler way to negotiate.
The portfolio review forex defined percentage gains ever, so the number of contracts in each pair will have to be adjusted in terms of the currency in which it negotiates each pair, and the value that is negotiated in each pair.
So the forex portfolio for next week is as follows:
Week (31/10/2010-5/11/2010) | ||
Par | L/C | Close 29/10 |
nzd/usd | long | 0,76633 |
eur/cad | long | 1,4218 |
gbp/aud | long | 1,63072 |
chf/jpy | short | 81,858 |
From now on I shall also do a daily analysis will define by the end of the day, before 21:00 GMT a portfolio of forex to keep the next day.
This will be established by combining the weekly analysis cited above, with an analysis in shorter time which would correspond to an analysis by taking daily guidance that there are always moments of well-defined consolidation trends that will motivate temporarily opposite trend. Will also be taken into account factors of assessment as to identify trend changes, or to emphasize trends.
Thus the portfolio forex for the day 1-10-2010 will be as follows:
day 1/10/2010 | ||
Par | L/C | Close 29/10 |
cad/jpy | long | 78,87 |
aud/eur | short | 0,70516 |
gbp/chf | short | 1,5755 |
nzd/usd | short | 0,76633 |
In this case only one currency pair confirms the weekly analysis, the remaining three pairs defined against the weekly portfolio.
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