GbpUsd vs GbpJpy is beginning to show moderate divergence on M15 & M5. At this point I'm not too excited, as this early movement doesn't seem to have much going for it now. However, you find something you like.
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Disliked{quote} +++++++++++++++++ Was about to post indicator. This Picture should give you enough info to set up OverLayChartLINE chart properly. Note any extra broker pair identifiers. i.e.: EurUsdm or EurUsdi. Some brokers may use these. If you fail to add them to inputs, the second line with not show up. {image} {file}Ignored
DislikedThese are great. There is no substitute for a video to explain finer details of a system.Ignored
Dislikedusing highly correlated pairs, then looking for divergence is a powerful method, from what i understand. in theory it is a 97% winning method. Have you tried doing what you are doing using uch and eu for example? You can get a correlation meter and try any pair that is highly correlated at the time of the divergence. I would think that Gu and Gj or other pairs can work but isn't necessarily the most correlated all the time. I think if they are correlated(i.e moving together) and then diverge temporarily, is likely the better/best strategy. I'm no...Ignored
DislikedSome smart things being shared here.. and a different perspective view being offered. will continue reading further before more comment. Not much work done on FF on correlations in my view... UC/UJ past week or so have been interesting.. the diverge. I don't know if you get me but if you do, Holler me LOL.Ignored
Disliked{quote} ++++++++++++++++++ Thanks Ensale. UC is UsdChf or UsdCad? I'm open to info on other pairs that work well together.Ignored
Disliked{quote} +++++++++++++++++++ Good input, thank you for that dagoods. In the original thread, which I mentioned in my 1st post, EurUsd vs UsdChf, was all they ended up trading. The problem with those pairs, at least for now, is the daily range is tiny. Last I looked at UsdChf, Wednesday's range was about 20. Can't work with that, and pay spread too. I do still watch them, but the last time I saw a decent divergence on them was 2 weeks ago. I do use a strength meter to give me a general sense of where the power is. I've considered trying an oscillator...Ignored
Disliked{quote} +++++++++++++++++++ Good input, thank you for that dagoods. In the original thread, which I mentioned in my 1st post, EurUsd vs UsdChf, was all they ended up trading. The problem with those pairs, at least for now, is the daily range is tiny. Last I looked at UsdChf, Wednesday's range was about 20. Can't work with that, and pay spread too. I do still watch them, but the last time I saw a decent divergence on them was 2 weeks ago. I do use a strength meter to give me a general sense of where the power is. I've considered trying an oscillator...Ignored
Disliked{quote} diamond, a strength meter is not a correlation meter. They measure two entirely different things... one measures strength, or how strong a currency is moving, which won't help your system in the least...while the other, a correlation meter, measures togetherness/moving in tandem(positive correlation) or moving opposite of each other(negative correlation) Strength is utterly,completely useless for correlation divergences... a correlation meter will flag for you you what pairs to use.... a strength meter will not. strength meters are fun toys...Ignored
Disliked{quote} yeah a 20 pip range is small.....i'm imagining that a 20 pip range could be plenty for an ea to capitalize, perhaps.. you should post the overlay chart on eu and uchf anyway though...since.... you KNOW that eu and uch are highly negatively correlated.... the overlay of the two charts shows visually you know what they say...timing is everythingIgnored
Disliked{quote} +++++++++++++++++++++++++++++++++ The EU vs UsdChf trade I mentioned was June 5th. M15 chart. Set up was about 2hrs after London Open. {image}Ignored