Hello all, I trade the longer TFs, 4hour to be more precise, and I can't seem to figure out how to handle correlation properly.
When choosing the pairs I would like to watch I came across this site https://www.mataf.net/en/tools/01-01-correlation and picked those pairs EURUSD, EURCHF, AUDCAD, CADJPY, NZDUSD e XAUUSD as the least correlated pairs. However sometimes setups show up in pairs different them those.
How do the most experienced traders handle correlation in longer (TFs 4h and higher)?
Do you look at a set of pairs and forget the others or watch them all? Simple discarding pairs that charts looks similar?
Or trade them all and make sure not to take 2 trades at the same time on high correlated pairs in order to control exposure?
regards Fuzz
When choosing the pairs I would like to watch I came across this site https://www.mataf.net/en/tools/01-01-correlation and picked those pairs EURUSD, EURCHF, AUDCAD, CADJPY, NZDUSD e XAUUSD as the least correlated pairs. However sometimes setups show up in pairs different them those.
How do the most experienced traders handle correlation in longer (TFs 4h and higher)?
Do you look at a set of pairs and forget the others or watch them all? Simple discarding pairs that charts looks similar?
Or trade them all and make sure not to take 2 trades at the same time on high correlated pairs in order to control exposure?
regards Fuzz