Yeah the spread is very costly and dont forget the overnite swaps if you float!
Very costly pair to trade indeed.
Very costly pair to trade indeed.
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Quoting PurpleDislikedYeah the spread is very costly and dont forget the overnite swaps if you float!
Very costly pair to trade indeed.Ignored
Quoting boxingislifeDislikedlol its alright man ur not pickin on me
the reason ur example wont work is coz theyr negatively correlated means theyr opposite. just coz one out performs the other doesnt mean u can sell it and buy the under performer. ur basically just doubling positions. and they can keep going against u unless u get lucky.
in usdjpy and usdchf ur selling one and buying another. but they move in the same direction most the time so one ur making money and one ur not. im usually in the red when i enter coz of spread and the fact that i dont know when correlation is going back to normal but thats why i enter small positions as the correlation gets lower and lower.
ill keep u posted and ill post updates as time permits and as long as im not busy.
but using 5h and 20h date should work
just find 2 pairs that are very positively correlated like eur/usd and gbp/usd is a good example. and then plot em together on the same chart or theyr data and see which one is outperforming the other. and u dont even need correlation u can sell based on the 2 being on charts. just look at the one thats higher and make sure theres a big difference then sell the one that is higher and buy the one that is lower. the correlation indicator helps see when correlation is dipping and how far it goes and when it turns around. is just like an rsi. better visual thats all. except it always comes back to average so when the correlation gets out of wack keep entering because itl come back
right now the position i said to enter previously is prob a few pips in the red. thats normal. just add to it right now if u can.
the long term 1h went as far as -0.10 and right now at -0.01. that makes it a pretty good entry. so again sell usdjpy and buy usdchf. theyl prob go back to normal in the next 10h and u should make some pips if eveyrthing goes right. lets see how it goesIgnored
Quoting boxingislifeDislikedlol its alright man ur not pickin on me
the reason ur example wont work is coz theyr negatively correlated means theyr opposite. just coz one out performs the other doesnt mean u can sell it and buy the under performer. ur basically just doubling positions. and they can keep going against u unless u get lucky.
in usdjpy and usdchf ur selling one and buying another. but they move in the same direction most the time so one ur making money and one ur not. im usually in the red when i enter coz of spread and the fact that i dont know when correlation is going back to normal but thats why i enter small positions as the correlation gets lower and lower.
Ignored
Quoting SnuffleupagusDislikedWhen you said "indicator", I thought you were using an actual indicator on a chart the shows you the correlation at that point in time. That would allow us to catch points when one pair lags in correlation so we can enter a trade and wait for it become correlated again and take profit.Ignored
Quoting boxingislifeDislikedyea snuffle its an actual nidicator like rsi or stochs its real time plotted on chart.Ignored