Why MOST of you who trade lose money...

[tradingliberation]

Originally Posted by Sweet Pip

Hi TL,

Sorry, I can't use chat as our firewalls prevent it here at work.

I always thought trading correlations either meant hedging (breaking even) or doubling the risk ...your use of correlation then doesn't do either?

I was reading this investopedia article...would you mind giving it a glance and let me know if this kinda, sorta, anything like your approach?

Using Currency Correlations To Your Advantage

Thanks,

yo np about the firewall, i'll be on for a while longer and continue to post on this thread. that is correct, my use of correlation doesn't do either and, that article, which i actually read awhile back when i was starting this strategy, doesn't have much to do with this system. it's kindaaaa close though ;D

[tymen1]

Originally Posted by brickman

A quick search:

Results 1 - 10 of about 570,000 for correlation trading.

One of these will be the famous FreedomRocks scam.

I think this was the big daddy of all the correlation schemes that are offered.

Yes and yes - I have done my research into this stuff.
Here is what Rhodytrader (Honorary FX Member) and expert on correlation (offset trading) trading says......

Originally posted by Rhodytrader

The problem any systems like these have is that they will do well when the market is trending in your direction or generally moving sideways. They will kill you when the trend is against you because you'll keep adding to losing positions.

[tradingliberation]

Originally Posted by tymen1

I am learning that you are ignorant, know nothing about trading and have jumped on this bandwagon without any research - or you are a scammer.

not a scammer...dunno why you would think that in the first place. your thoughts are your own mate, i would appreciate it however if you wouldn't keep posting unfounded assertions though. this post is aimed at helping people down the path of learning a certain method of trading. if you are not interested, please do not post.

[tradingliberation]

Originally Posted by tymen1

Here is what Rhodytrader (Honorary FX Member) and expert on correlation (offset trading) trading says......

I make money either way...trending or in consolidation, doesn't matter

[Sweet Pip]

Originally Posted by tradingliberation

yo np about the firewall, i'll be on for a while longer and continue to post on this thread. that is correct, my use of correlation doesn't do either and, that article, which i actually read awhile back when i was starting this strategy, doesn't have much to do with this system. it's kindaaaa close though ;D

How many pairs would you trade at the same time? Do you calculate your own correlation factors? Is there a part of that article that is closer than others?...and what part?...lol

While I don't mind playing 20 questions, and as I think I saw asked before, would you share your journey?...like where did that article lead you to next? so I don't have to ask "and then" 20 or more times ...and what do you mean by magnitude?

[TalonD]

Not having read much on correlation strategies, so this is just an off the cuff idea.

wait for a higly correlated set of pairs to go out of correlation, which they will do from time to time. and then trade them back into correlation.

[tradingliberation]

Originally Posted by TalonD

Not having read much on correlation strategies, so this is just an off the cuff idea.

wait for a higly correlated set of pairs to go out of correlation, which they will do from time to time. and then trade them back into correlation.

^^closer ;D

[tradingliberation]

Originally Posted by petefader

Been there, done that...if it was only that simple. There is no trick to making $ in FX.

It isn't that simple, if there were no "tricks" to making money in FX how could people make consistent, system based, profits?

[petefader]

Originally Posted by tradingliberation

It isn't that simple, if there were no "tricks" to making money in FX how could people make consistent, system based, profits?

Where is the system?

[tradingliberation]

Originally Posted by petefader

What I find in this thread is a trick...where is the system?

You have to figure it out for yourself...for about the 10th time, i have give you the raw materials to do so. just give it some thought you'll get there