Short video available here : http://www.forexwatchers.com/webinars/market-correlation/
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Comments
Hi Navin, hope you are doing well.
I just have a quick questions about colleration.
I've been practicing (along with the what I've learned in the MPA course) it on my own in preparation for trading I'm just a bit confused when I start to assign the numbers (for a strength meter) e.g if we were looking for at USD against 6 other currencies (AUD, NZD, Eur, CAD, JPY, GBP), I assign +1 for the pair moving positively for USD, and -1 for the moving negatively against the USD.
Now my confusion comes when adding them, by default you can have between -6 and +6, now if I have +4 and -2 do I do the maths and my strength meter is +2 or do I go with the larger number and my strength is + 4?
Thanks Navin.
Zen
Hi I do a top down analysis approach from monthly, weekly and daily then enter my trades from the 1 or 4 hour charts. Should I do this correlation first on the 4 hour chart to pick the best pairs? Thanks
I always enjoy the webinars as u give me some very focal points to look at...and at times it is just a few things u or I need to look at to understand the market ...again thank u so much for your time....
Love the new style. Would love to do the conference sharing room with one of your deicated staff
I just have a quick questions about colleration.
I've been practicing (along with the what I've learned in the MPA course) it on my own in preparation for trading I'm just a bit confused when I start to assign the numbers (for a strength meter) e.g if we were looking for at USD against 6 other currencies (AUD, NZD, Eur, CAD, JPY, GBP), I assign +1 for the pair moving positively for USD, and -1 for the moving negatively against the USD.
Now my confusion comes when adding them, by default you can have between -6 and +6, now if I have +4 and -2 do I do the maths and my strength meter is +2 or do I go with the larger number and my strength is + 4?
Thanks Navin.
Zen