Dreamliner, read your earlier post about losing 25% on the negatively correlated EurUsd & UsdChf. Did the swap on the EurUsd sell make you close the trade?
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DislikedDreamliner, read your earlier post about losing 25% on the negatively correlated EurUsd & UsdChf. Did the swap on the EurUsd sell make you close the trade?Ignored
I'm back from Disney World vacation, somewhat ruined by horrible trading of negative correlated pairs while there.
I only checked charts once a day while I was on vacation, and to my chagrin every single day EUR/USD went up and USD/CHF went down. Finally I exited at a huge loss of 25%. And while I'm still ahead by trading this method, because of the many months of profitability using correlated pairs, this was a very expensive lesson to learn.
So I've put a disclaimer on the front page, in red, stating to never trade this method using...Ignored
DislikedNo, the huge loss made me close the trade; I didn't want a huge-er loss!Ignored
DislikedI'm in trade: USD/JPY / EUR/JPY since yesterday, anyone else?
Dreamliner, I think you should add 'positively' in your 1st post, in your warning about negatively correlated pairs - just for clarity's sake.Ignored
DislikedI am trading the negative correlation EURUSD/USDCHF using Spieler's method with the reverse of USDCHF. It's been giving me 10-20 pips constantly the past few trades. It is one of the most if not the most regular correlation there is. Also using highly correlated AUDUSD/NZDUSD. I use overbought/oversold in the third pair (EURCHF AUDNZD) as triggers. To me, it's important to optimize the moment of entry.Ignored
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