No. I have a strategy of my own I use, that I don't want to interject here.
It can be traded just like the trading is being done on this thread- no difference. When they separate, trade them to close back together.
The arrows on my chart show the trade entrances.
I don't want to get into how I trade it, because it's different than anything talked about here, and I don't want to interfere with Dreamliner's thread.
I just wanted to show that those negatively correlated pairs separate and snap back just like the pairs you are watching, except a lot cleaner and more predictable..IMO
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Thanks. If you could reverse USDCHF, you would be able to follow Dreamliner's rules. MT4 Overlay's indicator allows it, but it repaints. Too bad, because EURUSD/USDCHF is probably the best correlation there is to trade. I can still use a spreadsheet to figure the entry points, but it's more work.
Thanks. If you could reverse USDCHF, you would be able to follow Dreamliner's rules. MT4 Overlay's indicator allows it, but it repaints. Too bad, because EURUSD/USDCHF is probably the best correlation there is to trade. I can still use a spreadsheet to figure the entry points, but it's more work.
Chamane
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The overlay I'm using will allow you to reverse either pair.
Thanks. But it seems to repaint. That's why it's been suggested to use Marketscope for overlaying. What's your experience with that repainting issue?
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It's irrelevant for the way I use it.
Use Marketscope if that's the direction the thread is going.
I only wanted to show that EUR/USD and USD/CHF are excellent candidates for Dreamliner's method.
I would not have entered here. as you can see at the time you entered both pairs were moving in the same direction. I only enter when pairs are moving away from each other or even safer - towards each other but never when pairs are moving parallel
The arrows on my chart show the trade entrances.
I don't want to get into how I trade it, because it's different than anything talked about here, and I don't want to interfere with Dreamliner's thread.
I just wanted to show that those negatively correlated pairs separate and snap back just like the pairs you are watching, except a lot cleaner and more predictable..IMO
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Hey Bill, you are always welcome on this or any thread I've started, you know that. So glad you are here.
I agree that the negative correlated pairs are more predictable, for sure. The problem I had when trading them was drawdown. It seemed I was only entering when the gap was about half way opened. And drawdown happens rapidly with negative correlated pairs, because you've got two positions going against you (of course the same is true with profit, when the gap starts narrowing).
So I guess it just kind of scared me because I wasn't able to "pick tops and bottoms" very well with the negative pairs.
But since you're trading them I'm going to start looking at them again, I respect your insight, wisdom and experience.
Have you started a thread with trading this way? If so I'd love to join it and learn.
Hey Bill, you are always welcome on this or any thread I've started, you know that. So glad you are here.
I agree that the negative correlated pairs are more predictable, for sure. The problem I had when trading them was drawdown. It seemed I was only entering when the gap was about half way opened. And drawdown happens rapidly with negative correlated pairs, because you've got two positions going against you (of course the same is true with profit, when the gap starts narrowing).
So I guess it just kind of scared me because I wasn't able to "pick...
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I started a thread on something similar several months ago. What I have done since is considerably different.
I haven't opened a thread on this particular technique.
I started a thread on something similar several months ago. What I have done since is considerably different.
I haven't opened a thread on this particular technique.
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May I encourage you to do so Bill? I'd love for us all to head over to your thread and learn.
