Don't Buy "Correlation Code"

[Pipinit]

This message contains my own opinion, it's your money, do what you want.

But I will say this ... don't buy into the hype!

The whole correllation code nonsense being hawked online as the next big thing is nothing more than my own Daisy Chain strategy that I give away FOR FREE.

At this post here:
http://www.trade2win.com/boards/for...rrelation-trading-basic-ideas-strategies.html

We've got someone talking about correlation trading techniques.

BUT DON'T TRADE CORRELATED PAIRS UNTIL NEXT YEAR!!!

the plain and simple fact of the matter is that right now, most highly correlated pairs are BROKEN. EURUSD and GBPUSD has regularly and consistently been moving in opposite directions for the last 4 weeks and that situation can reoccur at any time until well into the middle of January.

EURUSD and GBPUSD are two of the most highly correlated pairs there is.

NZDUSD and AUDUSD are doing THE SAME THING.

ditto for EURJPY and GBPJPY.

So if you want to learn about trading correlated pairs, then just get daisy chain for nothing. Just google "daisy chain trading" ... my site is the one that says "V2.0 - daisy Chain Trading" and you can download the entire system for nothing (no strings) and watch a bunch of videos on it as well.

But like I said, that's just my opinion.

 

[NVP]

correlation code - feedcack please !

hey pipinit !

found your CC comments above....thanks i'll have a look at the daisy chain l

happy to have more of your thoughts on my humble thread where I have also assembled comments so far on JF's Correlation Code...perhaps you could elaborate more on your comments re the pairs mentioned and your reasons for not being in market this year ?

http://www.trade2win.com/boards/for...rrelation-trading-basic-ideas-strategies.html

I promise not to put any pictures of walking on a beach on it....yet ! :cheesy:
NVP

 

[Vilas]

Corelation Trading.

This message contains my own opinion, it's your money, do what you want.

But I will say this ... don't buy into the hype!

The whole correllation code nonsense being hawked online as the next big thing is nothing more than my own Daisy Chain strategy that I give away FOR FREE.

At this post here:
http://www.trade2win.com/boards/for...rrelation-trading-basic-ideas-strategies.html

We've got someone talking about correlation trading techniques.

BUT DON'T TRADE CORRELATED PAIRS UNTIL NEXT YEAR!!!

the plain and simple fact of the matter is that right now, most highly correlated pairs are BROKEN. EURUSD and GBPUSD has regularly and consistently been moving in opposite directions for the last 4 weeks and that situation can reoccur at any time until well into the middle of January.

EURUSD and GBPUSD are two of the most highly correlated pairs there is.

NZDUSD and AUDUSD are doing THE SAME THING.

ditto for EURJPY and GBPJPY.

So if you want to learn about trading correlated pairs, then just get daisy chain for nothing. Just google "daisy chain trading" ... my site is the one that says "V2.0 - daisy Chain Trading" and you can download the entire system for nothing (no strings) and watch a bunch of videos on it as well.

But like I said, that's just my opinion.

I have not gone thru' your Corelation-code article but whole heartedly agree with you - don't buy this BS.
JF was an above average trader who started off with his website giving pivot point comments. Then he discovered Point & Figure Charting. Having built up some readers, he is all megaphone about this corelation-humbug. All currencies move with their "partners-in-trade-block" and therefore there will always be a certain corelation between their movements but flogging a system built on it for 1995 ! Worth not much.
So, IMHO, stay away from such gimmicks.

 

[NVP]

we're all in the wrong business !

$2000 a box and over 4,000 people on 1 webinar.......

even on a conservative conversion % it sounds like marketing can be more lucrative than Trading sometimes...

N

 

[Pipinit]

$2000 a box and over 4,000 people on 1 webinar.......

even on a conservative conversion % it sounds like marketing can be more lucrative than Trading sometimes...

N

Especially when you figure that JF has sold four different systems this year!

I take it the other ones didn't work or something so he's had to come up with something better? I don't know how anyone can trust someone that seems to have done little else
but come up with one system after another all year.

I'd have to openly question what was wrong with the other systems that he feels the need to have YET ANOTHER ONE being hawked by every internet guy there is.

Seriously I think the thread I pointed to above will likely evolve into a better resource for trading correllated pairs than anything JF could hope to put together.

And what's so frustrating to me is that I've been giving away my "Daisy Chain" strategy now for nothing since May I believe. Now this guy comes along and basically swipes the idea and now is selling it for a ludicrous sum.

Understand that I don't begrudge the guy making a buck, I don't even begrudge him selling what I give away for free. If he can do it, more power to him.

What really annoys the crap out of me is that he bills himself as a full time professional trader ... constantly going on and on about it ... and yet he's somehow had the time to create four WILDLY different trading systems, complete with a ton of scripts and MANY HOURS of video each.

When is he REALLY trading with a REAL account if he's spending so much time creating and testing one new system after another?

I just can't believe he's got any credibility at this point.

 

[Vilas]

"When is he REALLY trading with a REAL account if he's spending so much time creating and testing one new system after another?"

This is exactly what I would like to ask him too !

NVP is right - we are in the wrong business - Trading. Better to take a megaphone and hawk......
And all the other guys on the internet - hawking his products - must be sharing the loot !

I respect only one or two guys giving webinars - rest should be left to roam inside a museum of failed traders !

 

[NVP]

Teach your cat to trade options......

(if you cant beat them..........)


AT LAST - THE ULTIMATE TRADING SYSTEM IS READY FOR LAUNCH

FORGET EVERY OTHER SYSTEM IN THE UNIVERSE AS THIS IS IT (sorry MJ !)

I WILL BE REVEALING THIS AT A WEBINAR NEXT WEEK...RESERVE YOUR SPACES AS COPIES WILL GO FAST (and bring your cat)

LIMITED COPIES WILL BE RELEASED SO DONT MISS OUT !


N

 

[NVP]

learn from them..........

"When is he REALLY trading with a REAL account if he's spending so much time creating and testing one new system after another?"

This is exactly what I would like to ask him too !

NVP is right - we are in the wrong business - Trading. Better to take a megaphone and hawk......
And all the other guys on the internet - hawking his products - must be sharing the loot !

I respect only one or two guys giving webinars - rest should be left to roam inside a museum of failed traders !

I was discussing the plethora of mass marketed Trading products with a trader I respect a lot who publishes a very good price action Newsletter

what are ya gonna do ?...the cannon fodder need to learn the hard way about this business and these guys really are slick and know how to sell (we could all learn a lot from this).......getting 4,000+ on a webinar is an incredible feat of marketing !

I have at best a handful of mentors and products I would recommend to people .......in the end you have to go your own way and learn through experimentation, experience and failure.....

jees.....I make trading sound fun eh !

N

 

[roughbert]

.... my own Daisy Chain strategy that I give away FOR FREE.

God bless you Guv'nor! But where does the software come from?