I upload one picture, i trying trading EURUSD with GBPUSD.
Looks at picture and understand.
Looks at picture and understand.
MT4 MTF Correlation table and Correlation oscillator indicators 155 replies
Tribute to Madlen and other good programmers- Correlation indicators 2 replies
Easiest way to check correlation 0 replies
EURUSD vs GBPUSD! Who leads the way? Explaining the positive correlation! 3 replies
Trade Correlation 12 replies
DislikedI remember reading about a correlation trading strategy back in the day. It was for eurusd and usdchf. Whenever the correlation coefficient drops below average, you initiate you trade in the lagging instrument.Ignored
Dislikedyeah but it is like everything else, you are still speculating on correlation ....There is a whole array of geo-political events, fiscal policy, monetary policy that can break correlation.
the jpy correlation to the euro is -.13 or so ......that is very weakly negatively correlated. There is a reason for that....the BOJ easing policyIgnored
Dislikedhttp://www.myfxbook.com/members/Zinke/nh-hedge/201075
this is one year of using my EA basing in correlation!Ignored
Dislikedhttp://www.myfxbook.com/members/Zinke/nh-hedge/201075
this is one year of using my EA basing in correlation!Ignored
DislikedI should also point out that what you have actually done in your chart is open a long position on EURGBP.
But by opening 2 separate positions, your only achievement is to double the spread.Ignored
DislikedDoes it make a difference if you go long 2 lots in 1 currency or 1 lot in 2 currencies? You still pay spread for 2 lots how you divide them doesn't make a difference or am I mistaken?Ignored
DislikedHeh-heh... I got one for ya... put on yer favorite indicators on all three charts and wait for the Euro to go up, the Yen to go down, and and buy on the Eur/JPY. Easy Peezy.. Works best on scalping, with MTF IMHO, so I don't use it anymore because swing is my thing. Also, I don't hedge. But you might check it out. Other currencies work as well. I seen similar work using Ichimoku using the Indexes as a map to trade currencies, but never tried it really. Many folks try to avoid correlations by not buying the Pound and the Euro at the same time, because...Ignored
DislikedGuys, coleration its bad way for me. I want trade only one pair.
If i want strong singal, i must use big Timeframe, right?
H1 or H4 its ok? And indicators? I dont know, SnR levels,
and? Is somewhere technical analysis online for example
for EURUSD.
Sorry for me bad english, i am from Czech Republic.Ignored
DislikedThere are so many different indicators and different traders use them in different ways. There is no magic indicator that will make you a super trader. You have to experiment and find what works best for you.
The higher timeframe charts are more reliable. I find the 5 minute charts very difficult to trade. 15 minute charts are easier and best traded during the London/US sessions.Ignored
DislikedOk sir, thanks for information. I know, i must search good indicators for me.
M15 TF its good for intraday trading? Not give me much false signals?Ignored
DislikedThere will always be false signals, they can't be avoided unfortunately. You can only hope to keep those false signals to a minimum.
There are many threads here on FF with different methods, but be aware that most of the posters on the threads will give details of the brilliant trades that they have had AFTER they have happened. You can always find a good trade after it has happened. So don't believe everything that you read.
By all means try out these methods, but don't think that you are doing something wrong when you are unable to get similar...Ignored
DislikedSir, looks good, u can use for smaller timeframes? I would like try first trading
on small timeframes. Why number 25?Ignored
Dislikedyeah but it is like everything else, you are still speculating on correlation ....There is a whole array of geo-political events, fiscal policy, monetary policy that can break correlation.
the jpy correlation to the euro is -.13 or so ......that is very weakly negatively correlated. There is a reason for that....the BOJ easing policyIgnored