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Need to understand correlation - please help?

  • #1
  • First Post: Sep 30, 2015 9:37am Sep 30, 2015 9:37am
Hello To All

I want o better to say I need help please any one can explains to me how to find out pair correlation using formulas is it Negative or a Positive. At the movement when I want to trade any two pairs, does this correlation will remain all the same all the time between these pairs?

For example I open BUY EURNZD at market price which is at the time = 1.75104

Now I want to open one more order for example pair AUDJPY which price is at the time = 84.372
What should I do for pair AUDJPY Open BUY or a SELL, Please guide?

I appreciate your help

Thanks And Regards,
Moti
  • #2
  • Sep 30, 2015 10:23am Sep 30, 2015 10:23am
Quoting Motiram
Hello To All I want o better to say I need help please any one can explains to me how to find out pair correlation using formulas is it Negative or a Positive. At the movement when I want to trade any two pairs, does this correlation will remain all the same all the time between these pairs? For example I open BUY EURNZD at market price which is at the time = 1.75104 Now I want to open one more order for example pair AUDJPY which price is at the time = 84.372 What should I do for pair AUDJPY Open BUY or a SELL, Please guide? I appreciate your help...
The best you can do, start your studies here: http://www.babypips.com/school/under...rrelation.html

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3
  • Sep 30, 2015 1:11pm Sep 30, 2015 1:11pm
Quoting JibalaPasan
{quote} The best you can do, start your studies here: http://www.babypips.com/school/under...rrelation.html Jibala
Thank you JibalaPasan, for your help I have to read and read again and again to understand well

Under this link they have explained How To Calculate Currency Correlations With Excel but that cannot be downloaded does any one can share it. Or can share the link where to get historical data to download in to the Excel directly from web.

http://www.babypips.com/school/under...ing-excel.html

Regards,
Moti
  • #4
  • Sep 30, 2015 6:09pm Sep 30, 2015 6:09pm
Try dowloading R cran then quantmod package getSymbols() function will pull data from src="oanda" or src="FRED"
Now turn it to log returns and run cor(x,y)
AVT INVENIAM VIAM AVT FACIAM
  • #5
  • Oct 1, 2015 2:41am Oct 1, 2015 2:41am
Quoting the redlion
Try dowloading R cran then quantmod package getSymbols() function will pull data from src="oanda" or src="FRED" Now turn it to log returns and run cor(x,y)
Thank you the redlion, please could you give a link or explains in detail how to get data in excel

Regards,
Moti
  • #6
  • Oct 1, 2015 3:03am Oct 1, 2015 3:03am
https://cran.r-project.org/

you could write your data to Excel from R, Download R Studio....it makes it easier

you can get data from Federal Reserve Economic Data or Oanda....
AVT INVENIAM VIAM AVT FACIAM
  • #7
  • Oct 1, 2015 5:57am Oct 1, 2015 5:57am
Quoting the redlion
https://cran.r-project.org/ you could write your data to Excel from R, Download R Studio....it makes it easier you can get data from Federal Reserve Economic Data or Oanda....
the redlion, I do not find any place under "Federal Reserve Economic Data" or neither "oanda" link data download source for the currencies pairs
https://www.quandl.com/data/FRED
http://www.oanda.com/

I do not know what to do?

Regards,
Moti
  • #8
  • Last Post: Oct 2, 2015 1:22am Oct 2, 2015 1:22am
For example today within 2hours30miniutes at 9:30 there is news about GBP Construction PMI
GBPNZD pair is consolidated please can some one guide which pairs will in its correlations will move up or down when GBP news realise.
Which pairs I should watch

Date------6:54am---Currency---Impact-----------Detail-------------------Actual-----Forecast-----Previous---Graph
FriOct2-- 9:30am-----GBP---------------------Construction PMI-------------------------- 57.5----------57.3

Regards,
Moti



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