USD/CHF Correlation Edge?

Hi,

I havent traded much of the swissy but I understand this has a slight edge as when your trade say going bull you get EU and GU going down rather than EU down GU up or vice versa.

what? in English please.

Pipinator, sorry to sound like an ass, but you are asking basic questions that you can easily find the answer to if you simply googled it or looked at the charts yourself.

The EU and swissy correlation is one of the simplest because they are the highest correlated pair (inversed) - as you can see in table below. When one of them hits a significant level, the other one reacts. This can also been seen in other correlated pairs like NU and AU for example.

IMO, I would say stay away from correlation until you have the basics solid in your mind first.

However, here are a few links that might help you out.

Forex Ticket Correlation Tables

Red's example on correlation

Good old fashioned Google search

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Its like the Euro is pegged to the Franc somehow

Yh, they have become more correlated than ever. This is eurchf daily. Basically no movement any more because eur and chf are so inversely correlated. It's their difference in price structures that give you a clue in how usdchf is going affect eurusd and visa-versa.

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