Interview on Bloomberg
August 12, 2009
I was on Bloomberg earlier today talking about how the dollar could react to FOMC
August 12, 2009 I was on Bloomberg earlier today talking about how the dollar could react to FOMC
Posted in Bloomberg, forex blog
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August 14th, 2009 at 12:08 am
Hi Kathy, always enjoy your video commentaries and articles.
I wanted to ask about your referring to a given pair as being in the “Buy Zone” when prices are between the upper 2 SD and 3 SD bands (that’s how you determine it, as far as I understand). I see you mention this quite frequently.
To me this seems counter-intuitive, as such a pair might also be described as being over-bought if it is in such a position? At least when I look back over recent daily chart price action in USD/JPY, for example, it seems like selling (instead of buying) in the “Buy Zone” would have been more profitable (short USD / long JPY).
So, I wonder if you would kindly elucidate sometime on your rationale for calling this a “Buy Zone”? (Or point me at any existing literature you have already produced somewhere.)
August 14th, 2009 at 10:57 am
Hi Kathy,
Welcome back to Singapore. Have a nice day with good discussions and commentaries. I will up date with your posting everyday here.
Cheers,
Forex Automatic Trading Robots
August 17th, 2009 at 3:08 am
Found what I’m looking for regarding “Buy Zone” in this article by Boris:
http://www.investopedia.com/articles/trading/05/022205.asp
So never mind! Thanks!