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- magictrader replied Aug 20, 2008
I'm long @ 1,4713 because of nice reversal formations on M15 and M30 and if H1 close above 1,4715 then also reversal on H1. Also a lot of important Fibs below 1,4700 area. TP=60 SL=25.
EURUSD
- magictrader replied Aug 20, 2008
Ok, I'll try to make it more clear. I think that hedging EU and GU is good method but there is more risk, because if EURGBP is in strong trend then it doesn't change anything that we are in hedge. Our lose could be big even with hedge. If we want to ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 19, 2008
UC is like shutopia write is USD/CHF. EUR/USD and USD/CHF are the best corrlelated pairs (I think). About -80% to -90% correlation. When their spread (EURUSD-USDCHF) comes to -2 or +2 value they should reverse. There is no template, you just need ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 19, 2008
I've found something safetier. I'm just calculating standard deviations for spread EU-UC. When it hits +2 or -2 I'm waiting for confirmation (usually candle formations on M5 or M15) then I pull the trigger only on EU. SL=25 pips TP=60 pips so it's ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 13, 2008
Today is very interesting day. Without SL technics we could clean out our accounts. Look at this strong trend on EG. Spread now is huge.
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 12, 2008
First I establish that spread between GU and EU is like normal distribution, so entries should be between -2 and +2 standard deviations (95% values in normal distribution are between +2 and -2 Standard deviations). So I've done in Excel standard ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 12, 2008
Good day today ::.. — Today was a good day. +86 still demo pips.
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 12, 2008
Here is the simplest way to trade with this strategy: Spread EU-GU in 90-95% looks like EUR/GBP chart, so on EG chart insert Bollinger bands with 200 period average and 2 and 3 standard deviations. If you look closely on EU, GU, EG, or any other ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 10, 2008
Harmonic — This is what I saw some time ago. Harmonic pattern with 10-15 pips accuracy. It was hard to believe that it could be in play in the future.
Cable Update (GBPUSD)
- magictrader replied Aug 6, 2008
And this is why we can make money. If we always adjust lot size to valatility then we will always have zero sum. Thing is how to know wich pair will be have more volatility then other one. Now I try to look at EUR/USD and reverse USD/CHF (CHF/USD) ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 6, 2008
Think it's not dying thread cause there is still a lot of things to improve. First of all this is great system for consolidation periods on cross pairs. Now I'm trying to find out what are the best moments for entry if we've got strong trend on ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 4, 2008
Hello Eagle_eye, everything will be easy if we will always picks tops and bottoms. In this strategie is the same. There is no guarantee that we will have some profit looking only which pair is overperformer and which is underperformer because it ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 2, 2008
Everything is easy when cross pairs are in sideways trend. What if there will be 0,5% day change, then 0,4% day change, and so on? If cross pair is trending then standard looking for deviation could be not enough. Like now on CHF/JPY. I entered on ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 2, 2008
Yes, Overlay Point repainting. This is weird, but when I was looking on similarity between shape of delta EU GU and EUR/GBP I put delta chart on EUR/GBP chart (since 18.07.2008 M15). Correlation between them is over 96%. Maybe thanks to that we can ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 2, 2008
Hello, bad weather today so I try something with setting start time for counting delta. I set start time on the top of EUR/GBP last monday. There were no possibility to get gain and delta chart looks almost exactly like EUR/GBP chart delta is ...
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 1, 2008
Since the beginning of the week USD/CHF is big overperformer to USD/JPY with almost no cross. Maybe EUR/USD and GBP/USD will be more safe pairs?
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 1, 2008
Let's see what will happen in the future (maybe NFP will help) because on M15 and M30 there is still big HedgeRange and it should go to zero.
Zeusjoes Market-Neutral Hedge Strategy
- magictrader replied Aug 1, 2008
But it's only possible if we look at some bars in past (e.g. 200 candles) then value of spread will be always changing. Like on the screen, in the morning it was about 70 pips, now less then 10 pips. I was starting build position when it was 40 pips ...
Zeusjoes Market-Neutral Hedge Strategy