Avoid Major Correlations

[padam]

:?: I have a question for the Forex currency pros. I was looking to find currency pairs that were the farthest apart in correlation. Right now I trade Gbp/Usd, Usd/Cad, Eur/Jpy.
I also know Nzd/Usd has the farthest correlation from most of the majors. I just wanted to ask does anybody have any more input on currency pairs that are not hedgers. For example : Eur/Usd- Usd/Jpy or Gbp/Usd – Usd/Chf.

 

[Nerlo70]

dailyfx.com publishes the correlation table every month. July's table is at: http://www.dailyfx.com/story/charti...orrelations__July___How_Do_1154643291860.html

If the link doesn't work, just go to dailyfx.com and type in "correlations" in the search window.

Correlations change over time, and their tables display different time periods.

 

[padam]

Thx, Nerlo I know about that and I'll give you a site that has a somewhat better correlation chart on the hour, 5-hour, 20-hour, Daily: http://www.mataf.net/en/analysis-correlation_id.htm
I just wanted to know the best combinations that don't create hedging.

 

[YachtFund]

Have you tried creating strategies on correlated pairs that when compared are not correlated?

And she sells seas shells on the sea shore.

YF

 

[T Squared Trading]

Have you tried creating strategies on correlated pairs that when compared are not correlated?

And she sells seas shells on the sea shore.

YF

YachtFund, you beat me to it, that was going to be my suggestion. It's the basis for our portfolios, as well. It's interesting to see how they react in different market conditions.

T2

 

[padam]

Yes, I trade currency pairs such as GBP/USD- USD/CAD recent 100 hour correlation is (-76) I just want some pointer from the experienced forex trader on the peculiar correlations
You know “a road already travel but you can look there if you want”. So if you have a strategy ‘hit me up’.

I included a comparison chart.