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DislikedHi,
To find correlation tables (and also look for inverse correlation), I like the one posted at http://www.dailyfx.com . Or just google for it. More important than avoiding a trade in correlated pairs, in my opinion, is to manage the compounded risk. I, for example, like to take many small positions across pairs rather than a big one in just one pair.
Hope this answers your questions,
JesperIgnored
DislikedTodays GBPCAD Short Trade
Respecting all Tony's rules... Hope this works out nice...
I know he doesn't use ATR to place S/Ls, but in this case if I do what Tony says, I've got a 120 pip S/L!. Should I use ATR instead, that gives me a 57 pip S/L?Ignored
Dislikedhello.
I have a question that I tried to find an answer but I couldn't..
for taking a short trade should we wait for a 4h bar close with HA arrow and then after it we wait for 30 min HA close bar with HA arrow..? or we could trade even if we have both arrow in 4h and 30M chart at same time and still 4h is not get closed..like today signals on GBP we had signal in morning which 30 min chart did gave signal when the 4h bar was not close...and one we another HA arrow in 30 min chart..which one is valid one according to rules..??
and do we have to wait...Ignored
DislikedAccording to Tony's rules, you don't have to wait until the 4H candle closes. BUT there are times when you would get an arrow while the 4H candle is forming and then when the candle closes, the arrow disappears. I personally wait for the 4H candle to close before I go to the 30min chart to wait for an entry. It's safer that way. Just my opinion.Ignored
Dislikedthis i totally agree cause as per my experience sometimes the arrow disappears.
better to wait for candle to close and get the confirmation.Ignored
DislikedHi everyone,
I just wondered if anyone is using other time frame combinations other than the 4hr 30 min combo? If so, how are you getting on?
Thanks.
NickIgnored
Dislikedhere was a GBP short from the eur session
on the 4H pullback, that area was also a 382 pullbackIgnored