Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

actually A/U as well from around 1.0262

lets see what happens

 

[NVP]

for example there is a cracking buy signal on G/U at the moment from
around 1.5680

but will they listen ?.hahahahaha

now just hit 1.5697..........but hey ....anyone could say we called it late anyway ....:smart:

 

[gg53]

N

MTF (3 TF's) - no lagging
On the same indicator:
- calculate currency strength for TF1 and multiply by that TF weight
- calculate currency strength for TF2 and multiply by that TF weight
- calculate currency strength for TF3 and multiply by that TF weight

Divide by 3 - and you got MTF indicator.
The TF weight is to signify how relevant is that TF to your trading.
You can set the 2 of the TF weight to 0 - and you get the original indicator back.

Momentum - this is not the ideal tool to measure Rate of Change.

Gadi

 

[NVP]

MTF (3 TF's) - no lagging
On the same indicator:
- calculate currency strength for TF1 and multiply by that TF weight
- calculate currency strength for TF2 and multiply by that TF weight
- calculate currency strength for TF3 and multiply by that TF weight

interesting - I have experimented with consolidating multiple reading Results/TF's/ma's...... but found I had no "feel" for the figure being produced....depends on the weightings I suppose similar to what an EMA does ?

Divide by 3 - and you got MTF indicator.
The TF weight is to signify how relevant is that TF to your trading.
You can set the 2 of the TF weight to 0 - and you get the original indicator back.

Momentum - this is not the ideal tool to measure Rate of Change.
are you talking some kind of historic bar based analysis Gadi ...like a -2 bar verses current etc etc ?

we can go pm if necessary

Gadi

N

 

[NVP]

MTF (3 TF's) - no lagging
On the same indicator:
- calculate currency strength for TF1 and multiply by that TF weight
- calculate currency strength for TF2 and multiply by that TF weight
- calculate currency strength for TF3 and multiply by that TF weight

interesting - I have experimented with consolidating multiple reading Results/TF's/ma's...... but found I had no "feel" for the figure being produced....depends on the weightings I suppose similar to what an EMA does ?

Divide by 3 - and you got MTF indicator.
The TF weight is to signify how relevant is that TF to your trading.
You can set the 2 of the TF weight to 0 - and you get the original indicator back.

Momentum - this is not the ideal tool to measure Rate of Change.

are you talking some kind of historic bar based analysis Gadi ...like a -2 bar verses current etc etc ?
we can go pm if necessary

Gadi

N

 

[gg53]

N

Well, my intention was to try and contribute to the community.
The purpose - develope a better and better Indi/EA for the benefit of all.
(this doesn't mean that we can't keep some "secrets" to ourselves...)

Anyway - let's see how many out there will contribute to this discussion with their Ideas/Pro's/Con's/Experience - and than decide wether we should PM or go somewhere else where people will contribute...

Gadi

 

[gg53]

Just got an email saying that "bankroll" responded.
I don't see his msg here...

Gadi

 

[NVP]

now just hit 1.5697..........but hey ....anyone could say we called it late anyway ....:smart:

back to where we started .....50/50 if you let it run....

 

[gg53]

back to where we started .....50/50 if you let it run....

According to my Indi:
G is just a bit stronger than U (not enough to initiate atrade...
But the U is opening an upward gap (RateOfChange) against the G., i.e. closing the diff. No trade for me in those conditions...

Gadi

 

[NVP]

Just got an email saying that "bankroll" responded.
I don't see his msg here...

Gadi

way back in the pack....go back on the thread

 

[NVP]

According to my Indi:
G is just a bit stronger than U (not enough to initiate atrade...
But the U is opening an upward gap (RateOfChange) against the G., i.e. closing the diff. No trade for me in those conditions...

Gadi

agreed ..on mine the GBP came back in the last 15m bar and bit my head off !

 

[NVP]

on my systems I still have AUDUSD looking ok after entry signals were around the 1.0262 level....nothing else is signalling and I would have bailed on the G/U buy signal at b/E

and i'm not chasing the GBP south ....yet !

N

 

[gg53]

According to my Indi:
G is just a bit stronger than U (not enough to initiate atrade...
But the U is opening an upward gap (RateOfChange) against the G., i.e. closing the diff. No trade for me in those conditions...

Gadi

CAD and AUD looking strong while GBP anf JPY retracting.

Gadi

 

[NVP]

E/U buy just went in at 2590

 

[gg53]

CAD and AUD looking strong while GBP anf JPY retracting.

Gadi

AUDJPY currently +23 pips

Gadi

 

[NVP]

E/U buy just went in at 2590

again I would move to b/e and try to scalp a few pips here ...

 

[NVP]

AUDJPY currently +23 pips

Gadi

nice .....the Yen usually mirrors and exagerates the usd's moves and brings more action ....that A/U is steady but not exciting enough !

 

[NVP]

1.26 on the E.U buy

gadi i'm coming after you dude.....

 

[NVP]

CAD and AUD looking strong while GBP anf JPY retracting.

Gadi

the CAD is a currency I really need to think more about trading in the US Session.....I tend to stick to the euro and GBP pairings to the USD

N

 

[gg53]

audjpy currently +23 pips

gadi