Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Legendary member
36,588 1,858
A lot of traders i know are able to kind of de-personalise trading (hey its just business)....Ive tried this working with coaches and therapists as well.....but i never 100% get rid of my feelings on losing.....just me ...I have many trading friends who handle losses better than me ......so good luck to them

the only generic way to reduce the emotional effects on trading is to reduce your £££ in trades .........sure you can have a multiyear sucessful track record and convince yourself that over time your edge will allow you to make money ......but its only human to feel irritation when you lose a trade ...........so just try to make it irritation (low loss) instead of blind panic / fear / anger (big loss)

over the last 20 years I have placed thousands and thousands of trades .....and it still irritates me when i lose a trade :sneaky:

we are all human so dont fight it
N
 

NVP

Legendary member
36,588 1,858
hey all

big action on CAD and GBP so far this week .....heres the playbook for me on one of my Customised FXCorrelator indicators
this one sets a fixed Zero star for all 8 currencies from sunday night opens

brown Cad has been solid bull but now has fell back
Red GBP went deep bear ....but now having a resurgence today - note that s/say Support on chart for where GBP bounced


So how do i trade Forex ?

I have been here on this thread for 10 years guys and havnt really wavered from how i trade and teach this stuff from 2001

I use my FXCorrelator (See free links below)........it tells me what currencies are doing in relation to each other

based on the timeframe and Zone I am working with ........if im scalping .....im looking for what the currencies a doing re trends , Support levels , resistance levels , correlations between currencies (and non correlations).....and many other things

once i see something that is part of my strategies and related triggers ...I get involved and trade ......

thats it ..........

im always here at T2win no matter how busy i am and will respond to you if you have any questions ...ive been trading since the 1980s and forex professionally since 2001 .........this correlation thread has had nearly 2.5 million views in 10 years and I am extremely grateful to everyone I meet and talk to along the way ......

always be the eternal Student and be curious and humble in your trading and mindset

cheers guys
N
 

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Malordana

Newbie
5 0
A lot of traders i know are able to kind of de-personalise trading (hey its just business)....Ive tried this working with coaches and therapists as well.....but i never 100% get rid of my feelings on losing.....just me ...I have many trading friends who handle losses better than me ......so good luck to them

the only generic way to reduce the emotional effects on trading is to reduce your £££ in trades .........sure you can have a multiyear sucessful track record and convince yourself that over time your edge will allow you to make money ......but its only human to feel irritation when you lose a trade ...........so just try to make it irritation (low loss) instead of blind panic / fear / anger (big loss)

over the last 20 years I have placed thousands and thousands of trades .....and it still irritates me when i lose a trade :sneaky:

we are all human so dont fight it
N
yeah bro it's natural for humans. this is what makes us humans. I always have stress before starting something new, it's fear of the unknown. although some of this stress can be reduced using computer codes or EAs I mean. if you have a good strategy (which can be coded simply. because many strategies require a human mind not code), you can live stress free and get your mind to other tthings.
 

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