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tradingkevin

Out of the following pairs:
AUD/USD
AUD/JPY
EUR/JPY
EUR/USD
GBP/JPY
GBP/USD
USD/CAD
USD/CHF
USD/JPY

I notice that from all those pairs many have the same chart structure i.e. 5 of them look the same : AUD/USD , AUD/JPY, EUR/JPY, GBP/JPY, USD/JPY

I personally decided not to trade them all but just pick one of them since they will moving in the same direction.


the other are not has much corrolated in price structure.
EUR/USD, GBP/CHF, GBP/USD, USD/CAD, USD/CHF

see the picture below
 
Natawadee,
I just wanted to see why you are so sarcastic when I am only
sharing something that maybe other newbies in Forex might
not have noticed.

You posted 33 posts so I wanted to see you contribution. Well, below is a refresh of a few of your posts... I think you should ask yourself why you are so corrosif with other .

=================
07-16-09 05:56 PM
Pretty pathetic marketing isn't it?
Give Alex until about 9PM to have a drunk hissy fit on here, and tell us about his airplane!

07-16-09 09:03 PM
Who are you kidding, you'll take ANYBODY with a paypal account!

06-16-09 02:32 PM
Why did you marry me?
You enjoyed the FREE meds while they lasted dickless wonder.
How do you sleep now?
You really are pretty pathetic with your rants on the internet!
n.

10-05-08 06:22 PM
Alex Wasilewski is a pretty big swinging dick in this community.
N.

09-28-08 02:12 AM
Electric Savant:
Why don't you untuck your penis from between your legs and post as yourself instead of your toothless wife?
N.

09-27-08 11:43 PM
Wow!!!
Look who crawled out from under his rock.
Send my regards to The Electric Bafoon!
I miss his journal.
N.
====================
 
You obviously have WAY too much time on your hands and need thicker skin if you ever plan on making it in this business Pierre.

Corrosif
 
Quote from tradingkevin:

Out of the following pairs:
AUD/USD
AUD/JPY
EUR/JPY
EUR/USD
GBP/JPY
GBP/USD
USD/CAD
USD/CHF
USD/JPY

I notice that from all those pairs many have the same chart structure i.e. 5 of them look the same : AUD/USD , AUD/JPY, EUR/JPY, GBP/JPY, USD/JPY

I personally decided not to trade them all but just pick one of them since they will moving in the same direction.


the other are not has much corrolated in price structure.
EUR/USD, GBP/CHF, GBP/USD, USD/CAD, USD/CHF

see the picture below
More...

There's a useful overlay tool for MT4 here, it's interesting to compare correlation over various time frames.

There are probably similar tools for other charting packages.

Apart from filtering out which pairs to trade, how else could it be used? Does any pair lead another pair often enough to be useful?
 
Quote from r4Nd.m:

You can take the same side of 2 low correlated pairs & close when in overall profit. Similar to pair trading.
More...

So a kind of hedge? Something like short Eur/Usd and short Usd/Chf and hope they go out of sync in your favor?

How about triangular arbitrage, people say there aren't many opportunities any more, has anyone tried it lately?
 
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