[quote=aalaarajy;14466133] Hi aalaarajy, Attached is a screen shot of the NZDUSD and AUDUSD from the last three weeks. I just opened a NZDUSD buy trade on June 14th due to the AUDUSD rising 100 pips between June 12th (0.67641) and June 14th ...

Whats wrong with following twist to the grid or and Martingale?

If the price move of the AUDUSD AND/OR the NZDUSD meets the buy criteria, then I will open ONLY a NZDUSD buy trade. And I will continue to only buy the NZDUSD on days that the buy criteria are met. Likewise, if the price move of the AUDUSD AND/OR ...

Whats wrong with following twist to the grid or and Martingale?

A1: It is a demanding condition, and quite honestly it's there to protect me from opening too many trades in the basket. A2: The "Hedging" comes into play ONLY if the price movement warrants it. My goal is NOT to open trades opposite the direction ...

Whats wrong with following twist to the grid or and Martingale?

Hi aalaarajy, Try hedge trading correlated pairs as a basket. For example, I trade the AUDUSD against the NZDUSD on the daily time frame; specifically, I only sell AUDUSD and only buy NZDUSD in order to minimize the overnight swap costs. Any two ...

Whats wrong with following twist to the grid or and Martingale?

Lol, I was editing my strategy post and hit the delete button instead of the save button. I was including the comment that the strategy can be adapted to lower time frames as long as you adjust the pip differential... ...

Hedging/averaging trades without prediction

Hi Rob, If you don't mind answering, how long were you in the GBPUSD trade, how many pips were you under, and how many trades were opened to average the price? This is a great trade to dissect with regards to the patience required, keeping a cool ...

Cable Update (GBPUSD)

Hey bird, What happened to Billy? His last post on the Billy thread was sometime last November...

Hedging/averaging trades without prediction

No offense, but you're fitting a Gaussian distribution to a non-normal market? Or I should be a bit more precise, you're fitting the distribution of your statistical edge to a non-normal market? Isn't that what LTCM did?

Cable Update (GBPUSD)

It's lack of buy side liquidity coupled to a buildup of market sell orders.

Cable Update (GBPUSD)

Because lots of traders use candlestick patterns (HH, LL, doji, stars, engulfing bars, hanging man and a bunch of other patterns) to make assessments about future price movement. The patterns are suppose to show the current "emotion" of the market ...

(binned per thread starter’s request) Place to organize my set-up

Yeah, Jolita, I deleted my posts after I fell off my high horse. Sorry about that.

Cable Update (GBPUSD)

Hi D, look up the posts by DonPato with regards to price movement and liquidity, but in a nutshell, price moves from one point to another due to the orderflow of incoming market orders hitting the standing bids and asks. I personally don't trade ...

Cable Update (GBPUSD)

Waveskierrob posts mainly in the GBPUSD thread, but he has a thread where he describes his trading approach in detail. Hedging/averaging trades without prediction | Forex Factory

AUDUSD/USDCAD pair trading: Is it possible? or martingale?

I went to the Mataf website and there was no mention of the number of bars used to calculate the correlations on the various time frames.

AUDUSD/USDCAD pair trading: Is it possible? or martingale?

You can Buy (or Sell) negatively correlated pairs such as USDCAD/AUDUSD or Buy/Sell (or Sell/Buy) positively correlated pairs like GBPUSD/EURUSD. Just be aware that their positive (or negative) correlation is not always "high", therefore I ...

AUDUSD/USDCAD pair trading: Is it possible? or martingale?

My correlation algo is a rolling N-bar period...in the case of the plot shown in the previous post, N=100 bars (daily time frame), and my data set hasn't been updated since Feb 17th. Importantly, MyFxBook doesn't indicate how many periods is used to ...

AUDUSD/USDCAD pair trading: Is it possible? or martingale?

Z-score relates to the degree of deviation of a dependent variable from its mean assuming a normal distribution of the dependent variable, but since price versus time is not normally distributed (due to kurtosis), a Z-score is not appropriate - but ...

AUDUSD/USDCAD pair trading: Is it possible? or martingale?

not always the case. The AUDUSD/USDCAD neg. correlation can decouple (based on hourly and daily data analysis), hence the reason for the martingale trades. Anyone notice the 70% DD in early 2022?? This was due to a 2-month decoupling of the neg, ...

AUDUSD/USDCAD pair trading: Is it possible? or martingale?

Yeah, thanks for your input Ryan, and that is what I thought as well... the 20 min lag is a killer for lower time frame trading. With that said, I did take screenshots of the Order Book (OB) for EURUSD on an hourly basis from 4:00am EST to 10:00pm ...

Cumulative Delta Price Volume

Thank you for the answer Rick. Another question, since there is no true volume/DOM etc., in Forex, what if you had access to the order book? With that said, Oanda offers us B-book clients an order book that's updated, I believe, every 20 minutes. ...

Cumulative Delta Price Volume