I had to read that twice but ahh yes I see what you mean, interesting, I need to look into that on a chart to get my head around it

Hi Anti, no not heard of that before, I will google it and have a look

Pip

Next video we will look at a site called netdania.com and use their chartstation to plot 2 items on the chart for comparison, it also allows you to plot many items on one chart as “relative to”.

We shall also look at the relationship of the dollar index, crude oil and usd/cad, an obvious one but to anyone just starting out this will help.

Has…[Read more]

Follow on correlation coefficient

Feedback and ideas welcome

Pip

First video on intermarket analysis covering correlation coefficient

Feedback and ideas welcome

Pip

Moving on to a new subject and will share my findings with you all as I go along which is intermarket analysis.

I have started to trade the indicies with mixed results hence an exploration into a new field, initially I have been looking at correlation coefficients and I seem to have uncovered two new volume indicators that I have not seen before…[Read more]

I back up my mt4 templates and indicators then compress them into a zip file and email it to myself – just incase !!! does not help you now George

Let us all know how you get on with it George, I will have a  look at it too and se if I come up with anything

Pip

Ah looks as though I can get them uploaded now

I will do a short video on them  – shortly – they are the bog standard ones

pip

Thanks Simplex, guess the sites outside enjoying the sunshine

there seems to be a problem with the site as I not able to upload anything

George, here are the two TVI indicators, I will do a video later today on their use/set up

Pip

Hi George, yes will upload at the weekend for you, I think another video is due – Sunday morn 

Thanks for posting ur chart, may I ask how the lines are drawn – pivots ??

Pip

Morning all, anyone playing with the ftse ??? ideas and strategy welcome, will do a video if anyone is interested, penguin seems a bit quiet.

Pip

Simplex

I thought that it was quiet here for some time, appologies on my behalf as I am working away until the end of the year at which point I hope to resurect the VIDEO thread.

I am unable to help with programming though I hope that my videos will help and stimulate others.

For anyone new here  http://penguintraders.com/forums/topic/video/

Best…[Read more]

Regarding 60% retracements on  sudden moves such as news, what is the logic behind such retracements bearing in mind that we are small fish playing with the forex market.

Are the retracments due to (assuming short) sellers taking profit and/or normality returning ???

Any thoughts

pip