HOW TO DOUBLE YOUR PROFITS IN ALMOST ANY TRADE ! (CORRELATION)
Hi all,
I hope you are all having a great holiday ! :)
- One way to double your profits in almost any trade is to add the sister pair(s) into your portfolio.
If you spot a high probability trade setup on EUR/USD, the scenario is most likely to occur on its sister pair USD/CHF, but in this example the inverse is true as they are in anti-correlation. However this can also ruin your bankroll if you don't know what you are doing as this acts as a double edged sword, so proceed with caution if you are new to forex.
Here is a great heat map that you can use to spot strong correlation and anti-correlation: fxtrade.oanda.com/analysis/currency-correlation.
How to use the heat map?
Simply choose the symbol of the pair you are looking to trade and historical correlation data will come up on all pairs.
- If you press EUR/USD, you will see that USD/CHF is strongly blue all throughout the timeframes, this means that they are in strong anti-correlation. The opposite is true if the colour is strongly red, example : USD/JPY and CAD/JPY.
Good Luck !
- And let me know if you have any questions.
TradingWhales.com
I hope you are all having a great holiday ! :)
- One way to double your profits in almost any trade is to add the sister pair(s) into your portfolio.
If you spot a high probability trade setup on EUR/USD, the scenario is most likely to occur on its sister pair USD/CHF, but in this example the inverse is true as they are in anti-correlation. However this can also ruin your bankroll if you don't know what you are doing as this acts as a double edged sword, so proceed with caution if you are new to forex.
Here is a great heat map that you can use to spot strong correlation and anti-correlation: fxtrade.oanda.com/analysis/currency-correlation.
How to use the heat map?
Simply choose the symbol of the pair you are looking to trade and historical correlation data will come up on all pairs.
- If you press EUR/USD, you will see that USD/CHF is strongly blue all throughout the timeframes, this means that they are in strong anti-correlation. The opposite is true if the colour is strongly red, example : USD/JPY and CAD/JPY.
Good Luck !
- And let me know if you have any questions.
TradingWhales.com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.