Thanks for the replies so far... The problem I have in trading correlated pairs is that if the position(s) goes against you, then you will have essentially increased your risk! StockKJay, I do tend to use something similar to what you decribed ...

How do you deal with currency correlation?

I thought so too after looking at the charts for the majors for the summer months. Thanks Bemac.

Trading during summer months?

Hey Stirling, try this link: url

Cot Report

Check out EUR/JPY. It has a 4 pip spread (on IBFX). I've found it to be a little less volatile than GBP/JPY, if thats what you're after

Currency pair recommendation wanted

I see. Think i'll go ahead and gloss over this thread again.

james16 Chart Thread

Thanks Wizard and Mike. The whole time I was under the impression that the close of the second bar has to be lower than the close of the previous. I guess my next question is, does it actually meet any other Price Action criteria? It seems to be ...

james16 Chart Thread

Need some advice — Hi everyone, I was wondering if you could let me know how you guys would have played the DBHLC on the attached chart? Specifically, would you have entered at the send bar or entered on a retracement of the next bar? The ...

james16 Chart Thread

Thanks Mike and Wizard. That helped immensely. Makes a whole lot more sense now AND thanks for the quick replies!! Regarding the other question I had: has James finished adding more stuff to the PF or...?

james16 Chart Thread

Thanks James — James: First of all, I would like to thank you for all the work you have put in over the years that led to the formation of perhaps the most important thread I've ever seen on forex forums. Anyway, down to business: I've ...

james16 Chart Thread

This thread seems more and more satarical now

USD - Something to Think About

I seriously hope the OP didnt spend too much time writing this up. While I agree with you on some points, I disagree on many more. Only time will tell I guess. Just my opinions... Take them for what you want. Also keep in mind that I'm not the most ...

USD - Something to Think About

at the risk of sounding really dumb...could someone please clarify how this works? I know what artibrage is...what i dont quite get is...how do you buy from one broker and sell to another?? Wouldnt that require some kind of cross platform? and why ...

clearinghouse arbitrage

i dont exactly understand what you mean, but from the gist of it, it sounds like you dont really know too much about the currency market. If the pair was quoted the other way around, eg JPY/USD, then the price will simply be an inverse of what it is ...

The way currency paired is not fair

Although I havent posted anything in this thread, I have been watching for a while. If I come across a system which I think has some merit, I tend to modify it a little according to my preferences (as im sure other people do too). I've been using ...

Open-Close Trending with Hedging Discussion Thread

Hi Yezbick, could you please post a picture of your chart? On my charts, i'm seeing something different. I realize it might be different with every broker but the difference at the moment is too much. Thanks

Open-Close Trending with Hedging Discussion Thread

Thats my point...as long as you dont go down the path of not giving a crap then it can be a great tool.

Whats the big fuss with demo vs real?!

The whole point is to hone your skill to the point that you can start trading like a robot without emotions. Demo training can allow you to do just that. It can allow the transition from demo to reality be much easier as long as you are prepared for ...

Whats the big fuss with demo vs real?!