Hello there fellow forex trader! You may have heard the buzz surrounding this new Forex Correlation Code trading system, and if you have not, it’s OK, because I didn’t find out about it myself until yesterday. I may be a little bit late but I just wanted to let you all know that this new trading system is now available for purchase!
The Forex Correlation Code was created by a gentleman by the name of Jason Fielder. Apparently Jason has been around the commercial forex trading systems block quite a few times. This is the guy who also created the “Triad Trading Formula” and a few others as well.
The concept at the heart of this trading system is known as “correlation.” Essentially it means the movement of certain forex pairs correlate with each to varying extends. The most evident example would be the correlation (negative correlation) between the EURUSD and the USDCHF. With an average of about 90% negative correlation (written as -0.9), the USDCHF would go up when the EURUSD goes down about 90% of the time. A positive correlation on the other hand is that between EURUSD and GBPUSD. I highly recommend to checkout the GBPUSD chart and look for a big spike in price. Now jump to the EURUSD chart – do you notice anything? You should! When GBPUSD makes a move more often than not EURUSD follows.
Here is how the negative correlation between EURUSD and USDCHF looks like:
Have a look at some trades this system takes:
Looks like some pretty good pips to me. I’d also like to add that I use the concept of correlation on a regular basis. Say for example if I enter into a long eur/usd position I also open a short usd/chf position.
One thing that did jump out at me when I visited the Forex Correlation Code homepage was the price. This product definitely is not your run-of-the mill cheapo product you so often find. Does the higher price mean it’s better than the rest? No it does not!
At the moment I do not own this system so I can’t offer further insights into it beyond what I’ve provided above. However if you purchased the system and have a useful comment to make, by all means please feel free to do so. Perhaps a bit later on I too will buy the system and add it to my long term testing portfolio, but for now I’m going to stay on the sidelines.
To share you opinion you can either comment here on the blog or visit this forum thread:
http://www.forexnirvana.com/f60/correlation-code-1172/
For further details though I recommend you visit the Forex Correlation Code homepage here:
2 thoughts on “Forex Correlation Code Is Live”