would also like to add that whenever the EurUsd hits its peak, possibly ~1.4800-1.5000, there will be alot of pips to be made on EurUsd vs. UsdChf. I advise small lots to start in case it continues its move beyond 1.5000
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Dislikedhello forex commmunity,
For those of us who are not tolerant of high drawdowns,
I recommend exploiting the AUD / USD & NZD / USD correlation
as the pairs move extremely similar to each other
and no extreme DDs are experienced...
After I got burnt in GBP / USD & GBP / CHF trade last week,
I am going for much tighter correlations and so far having success...
Again I would like to thank dreamliner for starting this thread...Ignored
DislikedMy testing has been limited so far, but tight correlated pairs is working good for me. Just aiming 10-20 pips per trade. For each pair, I get 1 or two trades per day. But it could change in the long run.Ignored
DislikedWhy do you go for only 10-20 pips per trade? It would seem like your drawdown would be much more than that.Ignored
DislikedHello forex community,
I entered a trade gbp /usd gbp chf
I was down 200 pips today so I finally pulled the plug
Be very careful with this strategy please...
I don't think I will implement this strategy for a long time
unless adjustments are made...
Good luck everyoneIgnored
I guess we could ask what is AU?
From that we could then guess what ZU would be.
My guess is AU stands for AUD/USD
and ZU stands for NZD/USD
..... that would be my guess....Ignored
DislikedWhen I first tried this method. I got KILLED!
The reason for this is because this trade is a spread and NOT a riskless arbitrage.
A spread is just as risky as a naked trade!
I am trying one more time and this time, if the trade shows a 25 pip loss I am out because that loss can become 400 pips.
I hope this helps.Ignored
DislikedI'll leave you be... good luckIgnored