Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
hey all
crazy times at the moment so wont be around here for a while......pm me if needed as you know where I am
A huge thank you to those who contributed and got us to over a quarter of a million views on this epic thread....its journey is only just beginning though :smart:
cheers
N
crazy times at the moment so wont be around here for a while......pm me if needed as you know where I am
A huge thank you to those who contributed and got us to over a quarter of a million views on this epic thread....its journey is only just beginning though :smart:
cheers
N
Attachments
Last edited:
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
hey all
hope you are all well......been a good month in the markets
N
FXCORRELATOR's Channel - YouTube
hope you are all well......been a good month in the markets
N
FXCORRELATOR's Channel - YouTube
Last edited:
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
heres Boris from BK Forex
for me the piece is interesting but not earth shattering......however note the area in Bold.....sure that's probably a average year trading End of day charts..... but nothing lower TF surely ?
jees......who were these guys ?
N
Trust The Process Not The Price
When I was at the FX expo in Las Vegas last week, I found myself in the refreshing position of being in audience rather than the stage as my friend Todd Gordon hosted a panel on the joys and tribulations of FX trading. So instead of pontificating, I listed for change and walked away with some great insights into the game.
Although the event was sponsored by a broker, the majority of the panelists were not associated with any broker dealer firm and as a result the crowd received an unvarnished and quite realistic view of the business. No one on the panel claimed that you could trade your way to a six figure income with ease or promised that they could show you a "way to print money". In fact everyone was quite sober and realistic about the actual returns that you could achieve from trading. The consensus view was that 15%-20% per year was the best you could do if you became especially proficient at the game. This was hardly the turn-ten-thousand-dollars-into-a-million pitch that many had expected to hear, but I think most in the audience appreciated the candor of the message.
The most interesting story however was told by Derek Frey who is a frequent contributor to FX street. Once every few months Derek creates what he calls his "lottery account" He funds a five thousand dollar account that he trades very aggressively. This is capital that he is perfectly willing to lose, but nevertheless he tries to make every effort to stick to a particular strategy. A few months ago Derek opened a new account and immediately proceeded to hit the worst trading streak of his life. He made 11 losing trades in a row and saw the account dwindle to 1800 dollars.
Difficult as it was for him to maintain his discipline in the face of such negative results he continued to take signals from his strategy and as markets improved he was able not only to recover his losses but trade the account to nearly ten thousand dollars by the time he came to the expo.
Derek's experience is a great reminder to all of us that in order to achieve long term success we need to trust the process not the price. Price can be very capricious and as sure as day follows night the only certainty of the markets is that you will eventually hit a nasty drawdown that will tempt you to abandon your set up in pure disgust and frustration. It is those points of absolute bleakness that separate winning traders from losing ones. The losers quit, but the winners persist and more often than not markets become more amenable to your strategies and the account recovers. This is perhaps the most valuable trading lesson of all, and thanks to Derek for sharing it with all of us in Vegas.
for me the piece is interesting but not earth shattering......however note the area in Bold.....sure that's probably a average year trading End of day charts..... but nothing lower TF surely ?
jees......who were these guys ?
N
Trust The Process Not The Price
When I was at the FX expo in Las Vegas last week, I found myself in the refreshing position of being in audience rather than the stage as my friend Todd Gordon hosted a panel on the joys and tribulations of FX trading. So instead of pontificating, I listed for change and walked away with some great insights into the game.
Although the event was sponsored by a broker, the majority of the panelists were not associated with any broker dealer firm and as a result the crowd received an unvarnished and quite realistic view of the business. No one on the panel claimed that you could trade your way to a six figure income with ease or promised that they could show you a "way to print money". In fact everyone was quite sober and realistic about the actual returns that you could achieve from trading. The consensus view was that 15%-20% per year was the best you could do if you became especially proficient at the game. This was hardly the turn-ten-thousand-dollars-into-a-million pitch that many had expected to hear, but I think most in the audience appreciated the candor of the message.
The most interesting story however was told by Derek Frey who is a frequent contributor to FX street. Once every few months Derek creates what he calls his "lottery account" He funds a five thousand dollar account that he trades very aggressively. This is capital that he is perfectly willing to lose, but nevertheless he tries to make every effort to stick to a particular strategy. A few months ago Derek opened a new account and immediately proceeded to hit the worst trading streak of his life. He made 11 losing trades in a row and saw the account dwindle to 1800 dollars.
Difficult as it was for him to maintain his discipline in the face of such negative results he continued to take signals from his strategy and as markets improved he was able not only to recover his losses but trade the account to nearly ten thousand dollars by the time he came to the expo.
Derek's experience is a great reminder to all of us that in order to achieve long term success we need to trust the process not the price. Price can be very capricious and as sure as day follows night the only certainty of the markets is that you will eventually hit a nasty drawdown that will tempt you to abandon your set up in pure disgust and frustration. It is those points of absolute bleakness that separate winning traders from losing ones. The losers quit, but the winners persist and more often than not markets become more amenable to your strategies and the account recovers. This is perhaps the most valuable trading lesson of all, and thanks to Derek for sharing it with all of us in Vegas.
Last edited:
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
I've got a friend..........he nearly went down the pan a couple of years back as he lost a lot of money in the market crash with a lot of money in equities etc etc
He borrowed from everyone he could including me.....and stayed solvent despite the problems
in fact he prospered a little and promised to pay me back soon...until I now discovered he is overexposed in Bonds and Equities in the Eurozone where he turned to after the US debarcle
So he needs more cash to cover the Risk
I'd be mad to flush more money down the toilet wouldnt i ?.....wouldnt i ?
wait a minute - wheres that printing Press ?
Jees what a farce.........75bn down the pan....
Markets corrupt but they also cleanse....but only if you let them.....
so why is it that goverments only ever sanction the corruption and baulk from the Cleansing ?
Hmmmm
N
He borrowed from everyone he could including me.....and stayed solvent despite the problems
in fact he prospered a little and promised to pay me back soon...until I now discovered he is overexposed in Bonds and Equities in the Eurozone where he turned to after the US debarcle
So he needs more cash to cover the Risk
I'd be mad to flush more money down the toilet wouldnt i ?.....wouldnt i ?
wait a minute - wheres that printing Press ?
Jees what a farce.........75bn down the pan....
Markets corrupt but they also cleanse....but only if you let them.....
so why is it that goverments only ever sanction the corruption and baulk from the Cleansing ?
Hmmmm
N
High historical levels of correlation between S&P500 and EURUSD
beathespread: Actual correlation between S&P 500 and Eur/Usd
beathespread: Actual correlation between S&P 500 and Eur/Usd
