Comment by C-Lo on August 1, 2012 at 7:23am

Ravi don't forget Anti-Correlation was mentioned and that it could be seen as a possible opportunity. Also since we use the correlation of pairs as indicators it might be a sign to wait and double check how all the pairs are acting, especially around their pivot points.

Comment by William A Berry on August 2, 2012 at 3:02pm

yes, there are always lagging and leading pairs, and anti-correlation occurs occasionally which we can use for pinpoint entries (if we understand the market as finding a better price), And as C-Lo said and Navin repeatedly pointed out, it is important to take a bird's-eye view of the entire market across all 7 correlating pairs and also to watch how they ALL are reacting to S/R(pivot lines).  As for placing trades, I recall Navin discussing that all trades must be closed once the leading pair of the seven reaches the guaranteed profit zone (the next pivot line)

 

Comment by Brillianth on August 2, 2012 at 4:32pm

Yes corellation cannot be taken for granted if we don't understand the secret. So what we need to do is practice and get the "instinct" . I hope Navin will always helping us here. God bless you all.

Comment by Ronald on August 11, 2012 at 8:54pm

Hi Ravi,

as part of preparation before getting into a trade, I take a look at the 'currency correlation-page' at Oanda, as adviced by Navin in his excellent Pro Trading video's. Been trading with this 'pro trading strategy' for one week now (live account, but using mini-lots) and managed to break even after suffering a big loss on monday (close to 240 pips down the drain). Learning every day, more and more, and feeling more and more confident about this.

'Only' thing still lacking most is DISCIPLINE - have to stop jumping in and out trades like a frightened chicken :-)

Good luck to you all

Comment by Ken Brennan on August 15, 2012 at 1:22pm

I use this to keep correlation intuitive without having to leave my screen.

Comment by William A Berry on August 16, 2012 at 8:55pm

I like your setup ken, really easy to see strong/weak correlation at just a glance

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