Correlations
Dec 20, 2015 at 11:16
627 Views
5 Replies
Biedrs kopš
3 ieraksti
Dec 20, 2015 at 11:16
I use Oanda on MT4 platform. Using EA'S I designed myself. I discovered and researched currency correlations using the excellent service provided by My FXBook and it is proving a safe way of covering a loss on large news breaks. Definitely worth a bit of research as my trading is getting better (been trading a year with many loses)now small regular gains.
Biedrs kopš
1948 ieraksti
Dec 20, 2015 at 16:36
Hi David,correlations are an interesting topic,I trade the Eur/Usd and I watch the DAX correllation for swings.I only trade up to news events and 10 to 15 mins after.What do you trade?
"They mistook leverage with genius".
Biedrs kopš
3 ieraksti
Dec 21, 2015 at 07:23
Hi Kieran
I monitor here every week(Sunday) and use their tools to select around Eur/usd and the GBP I then study the data using the day selection here https://www.myfxbook.com/forex-market/correlation
Hope this helps I try to use the opposite trades so similar to hedging so far Oanda do not mind me doing this
Dave
I trade H1 and 15 min for news breaks
I monitor here every week(Sunday) and use their tools to select around Eur/usd and the GBP I then study the data using the day selection here https://www.myfxbook.com/forex-market/correlation
Hope this helps I try to use the opposite trades so similar to hedging so far Oanda do not mind me doing this
Dave
I trade H1 and 15 min for news breaks
Biedrs kopš
1948 ieraksti
Dec 21, 2015 at 23:24
Must take a look at the link,I do correlation and portfolio selection in excel,keeps my brain busy while I'm trading.
"They mistook leverage with genius".
Biedrs kopš
94 ieraksti
Oct 30, 2021 at 12:59
Currency correlations or forex correlations are a statistical measure of the extent that currency pairs are related in value and will move together. If two currency pairs go up at the same time, this represents a positive correlation, while if one appreciates and the other depreciates, this is a negative correlation.
Biedrs kopš
869 ieraksti
Nov 06, 2021 at 14:57
Currency correlates them. Some currency strength may lead to other currency’s weakness.
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