sorry its not the best and its kinda unclear but the 2 oscillators u see are correlation indicators. different periods. when theyr high up means correlation is positive and where it should be since im using usd/chf and usd/jpy and they are positively correlated. when it dips means correlation is less positive and the more it dips the better the entry. since we cant predict the future, what i do is use smaller positions sizes and enter on a decent dip. if it dips more against me then i enter another position. usually correlation never goes below -0.20 and thats big because the average for that pair is +0.84 means they move in the same direction most of the time. so a -0.20 means theyr starting to move opposite a bit. and thats what makes a really good entry.
when the correlation is big, we sell the upticker or the overperformer or the one thats higher on the chart and we buy the one thats underperforming or the other pair
u visually test it and see what u can find. enter when the correlation dips and exit when it goes back to normal or when u see profit. its really interesting
like i said if i can get a few people who would be interested in following a journal that i would make then id go for it. ill post entries/signals as time permits and as i see em comin.
the picture turned out crappy im not good with this posting picture stuff with a different charting software than metatrader but u should be able to see it
when the correlation is big, we sell the upticker or the overperformer or the one thats higher on the chart and we buy the one thats underperforming or the other pair
u visually test it and see what u can find. enter when the correlation dips and exit when it goes back to normal or when u see profit. its really interesting
like i said if i can get a few people who would be interested in following a journal that i would make then id go for it. ill post entries/signals as time permits and as i see em comin.
the picture turned out crappy im not good with this posting picture stuff with a different charting software than metatrader but u should be able to see it
Attached Image