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Hedge and Correlation Strategy

  • #1,101
  • Sep 9, 2009 10:04am Sep 9, 2009 10:04am
Quoting jtmoore007
http://www.skype.com/go/joinpublicch...ry-WBUCXNL7Xj4
hey jtmoor i still cant find you as the link just takes to the download page. sorry. what chat group are you in i can prolly find it that way
  • #1,102
  • Sep 9, 2009 10:33am Sep 9, 2009 10:33am
Quoting treadline
hey jtmoor i still cant find you as the link just takes to the download page. sorry. what chat group are you in i can prolly find it that way

Its called "Dreamliner Method Forex"
  • #1,103
  • Sep 9, 2009 10:40am Sep 9, 2009 10:40am
Quoting T.E.Lawrence
New trade:

GBP/USD - short 10K
GBP/CHF - long 10K

Attachment

Once again this is strangely correlated pair:
based on mataf.net 50 points: 1H:-37.6, D:70.2
based on mataf.net 100 points: 1H:-42.7, D:89.0

But I think that daily correlation is the most important one.
I added first time to this trade:
total: gbp/chf 20K (long), gbp/usd 20K (short):

Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 131 KB
  • #1,104
  • Sep 9, 2009 10:43am Sep 9, 2009 10:43am
the gap between these two pairs seems to get larger by the day...

i am bit worried and I am in this trade...

any opinions...?
  • #1,105
  • Sep 9, 2009 10:47am Sep 9, 2009 10:47am
Quoting bravester
Its called "Dreamliner Method Forex"

hey brave sorry to be ignorant but it only gives me contact search field not chat groups. can you hlep plz
  • #1,106
  • Sep 9, 2009 11:49am Sep 9, 2009 11:49am
Quoting Gothamcity
the gap between these two pairs seems to get larger by the day...

i am bit worried and I am in this trade...

any opinions...?
I would be careful with that combination. Usually, they are correlated positively, but not for their most recent history.

http://i27.tinypic.com/30hmp0w.jpg
  • #1,107
  • Sep 9, 2009 11:59am Sep 9, 2009 11:59am
Quoting treadline
hey brave sorry to be ignorant but it only gives me contact search field not chat groups. can you hlep plz

contact me jtmoore007 on skype
  • #1,108
  • Sep 9, 2009 12:11pm Sep 9, 2009 12:11pm
How's it going for everybody? I've been in 4 sets of trades since yesterday, waiting for the lines to come back together. These are the currencies I'm in specifically:
GBPUSD/GBPCHF
GBPJPY/USDJPY
USDJPY/EURJPY
USDJPY/EURCHF

Are you guys all out there waiting too?
  • #1,109
  • Sep 9, 2009 12:12pm Sep 9, 2009 12:12pm
I think that looks quite a good correlation and have done ok out of this pair yesterday and today...you need to pick the right moment to get in...

I've been looking at daily ranges of Pairs and waiting for one to go to an extreme...thats my entry for one side and I've been holding of taking the other side until it starts to show signs of snapping back, I dont think you have to enter both positions immeaditely. Some might see this as unsafe but you want to get in at good levels...IMO

remember the recent correlation history in hours is showing only a few days out of sync which is usual...

[quote=chamane;3038450]I would be careful with that combination. Usually, they are correlated positively, but not for their most recent history.
  • #1,110
  • Sep 9, 2009 12:14pm Sep 9, 2009 12:14pm
Thank you for the comment,

looks like there is some convergence coming into sight,

or I am just seeing what I want to see......

just worried about the drawdown here...
  • #1,111
  • Sep 9, 2009 12:19pm Sep 9, 2009 12:19pm
Quoting redart007
I think that looks quite a good correlation and have done ok out of this pair yesterday and today...you need to pick the right moment to get in...

I've been looking at daily ranges of Pairs and waiting for one to go to an extreme...thats my entry for one side and I've been holding of taking the other side until it starts to show signs of snapping back, I dont think you have to enter both positions immeaditely. Some might see this as unsafe but you want to get in at good levels...IMO

remember the recent correlation history in hours is showing...
Exactly. I would personally wait for the values to become all positive.
  • #1,112
  • Sep 9, 2009 12:26pm Sep 9, 2009 12:26pm
Quoting SkyzerFX
"trade on the charts with staticoverlay indi"

Guys, I'm telling you, all those Indies create FAKE charts.
You want to lose money - use them.

Load "Saticoverlay" Indy and then go to dailyfx.com draw exact same
chart and you will see, that "Saticoverlay" creating wrong charts
same with other Indies as well...!!!

Compare with real dailyfx.com charts and you'll see what I'm talking about.

I have been using StaticOverlay and compared it to FXCM MarketScope and they are the same. DailyFX is the same as Marketscope. DailyFX is just a short term zoomed in version, which will repaint for you.
  • #1,113
  • Sep 9, 2009 12:27pm Sep 9, 2009 12:27pm
Quoting chamane
MarketScope is the chart utility of the Tradestation platform. You will have to download it and start with a demo account. It's free.
You mean FXCM platform
  • #1,114
  • Sep 9, 2009 12:30pm Sep 9, 2009 12:30pm
Quoting jeffreytp
You mean FXCM platform
Yes
  • #1,115
  • Sep 9, 2009 12:32pm Sep 9, 2009 12:32pm
Quoting jeffreytp
You mean FXCM platform
Just to further clarify FXCM UK is the dealer that you can get a demo account on. In addition to MT4 they have their own platform called Trade Station which has a charting module called Marketscope.

Here is the link to the post discussing this a few days ago.

http://www.forexfactory.com/showpost...&postcount=818
  • #1,116
  • Sep 9, 2009 12:42pm Sep 9, 2009 12:42pm
BTW IBFX are offering the $50 free demo again - if anyone's missed last months offer...
  • #1,117
  • Sep 9, 2009 12:56pm Sep 9, 2009 12:56pm
Quoting chamane
MarketScope is the chart utility of the Tradestation platform. You will have to download it and start with a demo account. It's free.
Do trade station platform have Overlay charts option?

Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,118
  • Sep 9, 2009 1:02pm Sep 9, 2009 1:02pm
Quoting SkyzerFX
Do trade station platform have Overlay charts option?

Thank you.
Yes. When you get the TradeStation software running, just open a chart and that will get MarketScope opened. Once on your chart, right click "Chart Elements" and "Price Overlay".
  • #1,119
  • Sep 9, 2009 1:03pm Sep 9, 2009 1:03pm
"Once on your chart, right click "Chart Elements" and "Price Overlay"."

And that will draw second chart? If so, that's very good will download now.. Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,120
  • Sep 9, 2009 1:08pm Sep 9, 2009 1:08pm
On 3 pairs for less than 4 hours run into 128 pips profit..
On very small lot though of course since I'm still testing this,
but it's on live account!

Only need better charts..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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