How to Understand Currency Correlation | FOREX
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- Опубликовано: 10 мар 2021
- Hello traders! Glad to see you here!
In this video, I will share some details on Forex correlation and how I use it. It is very simple and it's a great additional knowledge to possess whilst watching the Weekly outlook and setups! Understanding how each pair affects the others is a crucial skill to develop, so I really hope this video will be enough to showcase that!
If you need any help or you want me to analyze another pair, create a specific video on a topic or anything else, please make sure to hit me a message or leave a comment! I really hope you will enjoy the content and will implement some of the details I mention!
I wish you an amazing week full of profits and high-quality trades! Stick to your plan and be disciplined!
Iliya Sivkov
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Links:
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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.
#forex #forextrading #forexanalysis
After 3 years of struggling building my strategy I finally found the missing piece. Lemme say this boost me up that I'm on the right track with my trading journey. I have almost grasp on this concepts but no much confidence but now I'm 100% confidence. This video will help and change your mindset in trading if you're just a beginner in trading
Another WowWowWow, totally new subject to me and IT'S SO GOOD. So nice to see and put one more layer into the understanding of this business. Thank you! Will be diving into more and more, maybe even putting the pair correlations rules on my wall!
This is also a very important video about the ''behaviors'' of the pairs. I always have heard from professional traders that we should be aware of the behavior of the market we trade. I am sure that to have a very good knowledge about correlations will help the overall understanding of the FOREX behavior. THANK YOU1!!!!!
A very underrated video thank you so much, your videos have really changed how I trade and your free course is awesome
I am really happy you are gaining value from all I offer, Saheed! Keep up the work brother!
This adds so much confluence to your trading with the direction of the correlated and non corrected pairs ty
Market Structure Free Course is simply excellent and so exciting. No equal. Just 25% into it and sooooooo much value. Thanks.
Ahhh I am sooo glad to hear brother!! And this course is just scratching the surface!
Can you tell me how to access that course?
Thank You For Teaching Me Something New! I’m Very Appreciative And Will Study/Rewatch This Lesson
Just as he says in the very first minute; if you have a deep understanding of price action and market structure, you will understand the correlation, you will see where indicators will go. I started to believe that I think as retail traders the best way is to find our edge is PA and Market Structure. And guys, I come from indicator based trading, Iliya changed my mind!!!! Thank you bro!!!
The power of this lesson not just how to take a trade with more confirmation , but also use it ti determine the price action of the markt in indirct way, bc sometimes u r not sure if the market has changed char or not using this lesseon will be a huge tool that gonna help , thank u so much just bought a golden burger in dubai from the money i earned from ur lessons ❤
I have watch several videos, but this one is a whole new level. Subscribed.
That is really good to hear!! I promise all the other educational videos will deliver tons of value as well!
Started this playlist and so far am so convinced am turning into a gen
Much appreciated,for all that u share to us ,knowledge is power..
enjoyed the video, so much valuable info. Thank you
I recently just understood currency correlation but this just took it to the next level 👏🏽🤩🤯 Thanks Iliya! ☺️
Amazing!! Really happy to hear!!
Yeah i hoping the same as a newbie, any hints ?? Would be appreciated
Thank you very much for showing us how to use the forex pairs correlation. I attended several Forex training but no one shows me this thing. More power and May God bless you always!
You are always very welcome! I am really happy you found value from the video!
So Mesmerized and loved the simplicity
I am really happy to hear!
Letssss goo my brother 🔥🔥🔥🔥 I been waiting on this
Let's get itttt my man!!!
This video was much needed. Been using mataf for a while and this clears things up
Amazing! Really happy to hear it is helpful!
This is a master at his work
Fantastic, thank you very much Sir for this enlightenment
❤ The power point presentation
wow really glad i stummbled on your channel, reall insightfull videos
I just finished the course and am going through it from the beginning again.......it's awesome 💥💥💥💥
Amaaazing to hear! Super happy about that! Keep covering it and applying the knowledge onto your charts!
Free market structure course.. Beautiful... Much love from this side of the world.
Lots of love for you, Fred! I hope you will enjoy it!
Delivered as promised! So much golden value for free!
Thank you sooo much!
Thank you for the incredible information! Keep it up man!
I will for sure do brother! Thank you for the feedback!
Thank you !!!
Hello, great video really learnt alot and will put into practice and my trading strategy the correlation links. But i want to ask, the PowerPoint notes that you created and explained from, are they available for download?
Thank you for introducing correlation and sites like FX street, Finviz, Metaf.
Always welcome! Hope the tools will be beneficial for you!
Hi Illiya...Thank you for introducing us to the currency correlation table. However, I was requesting if you could have a presentation based on this table. For example, I find a currency to be more than 80 and positive, say on the left hand side of the table. But then moving to the right the very same currency is 75 and negative. I get confused in interpreting this way. That is why I request that maybe you give us a presentation based on this table. I would really appreciate it. Regards
Mannnnnn What a Video xD THX so Much!
thank you very much
Also i want to ask, what stock do we look out for in the stock market that influence some of the pairs to move as well. Thanks
Thank you now i understand how to trade.becoz of your teaching sir,!
I am happy to hear!! Let's crush it!
amazing tips bro
thanks for sharing your precious knowledge whit us
wish you health and happiness
looking forward to see more awesome educational videos from you ...❤
Thank you so much for the lovely feedback, Ali! I am doing my best to share more brother! Be blessed!
Thanks alot learning daily.
Glad to hear that! Keep hustling!
Glad I found this guy!!!
I am so happy to have you, Antonio!
You the best so far ..Thumbs up
Hehe thank youuu so much!
Great content bro
Thanks
Amazing lecture...
Thank you, Rakib!
Awesome video i didnt know about this before, thanks man
I am really happy that you learned something bro!
@@TradingFanatic i decided to literally watch every video on your channel ,awesome content . And those weekly analysis are so so useful. Thanks again for everything
you are the mann!!!!... How many more beers can you take my brother?..
I know you have nailed it even before i watch it!!!
Ahhhh Kelvin, I would get drunk soon ;) ! Thank you so much for always beeing here!
I just want to thank you so much for this video. thank you thank you thank you
You are so welcome! So happy it was helpful!
Thank you Iliya
You are always welcome!
Thank you so very much!!!
You are very welcome!
After watching all videos This is the most comprehensive video regarding forex correlations on RUclips. Period.
I am really happy to hear this, Thebus! Really means a lot!
hey illiya thank you so much i really wanted to ask how i can make up the DXY on my chats
Thanx,bro I wish u may add some for stock ,commodities and any other lists u may possibly have knowledge about.
I will do so, Sebaka! Soon!
thank you so much for this video
You are so welcome! What's your conclusion after watching it?
@@TradingFanatic that’s very important to now the correlation of a pair when you are going to trade, for me it’s important what’s happening with the correlation between DXY and EURUSD when I am goin to trade it’s help you to make the probable best choice when you entry the market
Thanks bro please continue to upload these types of video every week 😉 thanks again
I am giving my best brother!
@@TradingFanatic no doubt
Very helpful video.
Glad to hear, Caleb!
@@TradingFanatic Would like to go through your other trading learning material.
Tnk you friend with shering for us
Always welcome!
The table at the end is just what I needed. Is there a similar on for cryptos?
Hmmm I am not sure about cryptos. They all move the same and follow BTC, don't they haha?
God bless u man..this is priceless
Thank you so much brother! Means a lot! Happy you found value from the video!
Thank You brother
Always my bro!
do you recommend trading minor pairs or just major pairs are fine
This guy is Legit man💥💥💥🤟🏻👌🏼
So happy you think so brother!!
Hi can you link the correlation table so we can study it I can barely see it on mobile phone, thanks bro
excellent strategy
Yesss!
Hi hi lliya,the fact that am asking you to possibly provide us with other information regarding market corrolation in particular with different assets classes,eg stock,indecies,commodities etc etc,is that u find sometimes that if u have more trades with dollar(usd’s),the disadvantage being that when fundamentals broke ,u find yourself being sort of failing to do some kind of risk management,having more than three trade in EUR and four in usd’s.thanx
Thanks sir❤️❤️
Most welcome!!
sir is it great to monitor all (or atleast a good no of) the forex pairs to assume whats happenning in the fx market at a large, have seen some proffessional stock or forex traders speculate on a hugh amount of assets then pick a suitable one to trade
Thanks alot , your explanation is great but please make your write up more clearer so that we can see it better, thanks 🙏
nice valuable video!
Glad it was helpful!
Lovely. Also make a video on fundamental analysis
Okay, I can touch on that. What exactly do you want to know?
How to trade non farm pay roll and CPI
what a cool ideas about binary options... thank you for sharing
How can correlation be used as a forward looking?
Good
Thanks bro...i lost a trade on EurJpy today but after watching this video i understood why.
Really happy that you got your mistake, Kevin!! Onto the next trade!
So for what I'm understanding, once we look into the 4hr correlation and if it's atleast at 70%or above we can hold that trade for couple hours and if it's the daily with the same percentages we can hold that trade for almost a day maybe more as long as there's no news interruptions, correct?
Not exactly. The percentages just show to what extrend the pairs are correlated right now in terms of the different timeframes. It doesn't tell you how long to hold.
Have you used CedarFX?
Nice contents..😎 pls can you do a video of best Gbp pairs to trade and why.. thanks 🙏🏼
Thank you, Philly! It's a good idea! Will take it into consideration!
Great video! Thanks so much for sharing.
Do you have any correlation tools with cryptocurrency and hard currencies?
You are very welcome, David! Thank you for the feedback! I am afraid I do not have a tool for Crypto. Thanks for that idea I will definitely do a little search on it! It's interesting to find if FIAT and Crypto currencies are correlated!
awesome vid
Glad you loved it!
great work there, pls hw can i get the minor currency correlation chart?
Thanks Kamal! The minor currency chart is on mataf.net . Make sure to check the links in the description.
great video bro
Glad you enjoyed it brother!
good
Have you ordered for madre? 😀 Btw, very very informative. Thank you!
LOL! Thank you, Hai! Glad you loved it.
Hi, the DT/DB video is struggling to load on your course. :)
Works on my mobile
The course is getting a lot of traffic right now, so it might not load at times! Sorry for that!!!
Hello, please do you have the file used in the video available for download?
Not for this video, no...
@@TradingFanatic Alright Sir. Thanks.
lliya is it possible to just focus the major pairs instead of going through the tideous work relating the other mixed pairs, for the sake of simplicity?
Absolutely YES, Leo! Focusing on as little as possible is the key to success. You only need 1 pair to make a living. So pick the pairs wisely.
What if GBP is weak in daily tf and in weekly tf is very strong. What GBP is going to be? Thanks!
Yes, sometimes this is going to happen and it depends on the timeframe you choose! I would say it is dependent on the type of trader you are. if you intraday trade, then the D1 and 4H are the best! The W1 is more for positional/swing traders. So focus on the D1 and 4H for those stats!
Nice video
Thank you!
dude thanksssssssssssssssssssssssssssssssssssssssss ❤️🔥
You are absolutely welcome!!!
How do you get to the FXStreet correlation page
There you go:
www.fxstreet.com/technical-analysis/intermarket/correlation
What about fundamental correlation?
Would you be kind enough to post the slides for this presentation on RUclips?
I'll try to find them and link them in the description.
GU and EU is also strongly correlated too right? fix me if im wrong.
"EUR/USD and GBP/USD | As mentioned, these two pairs have a strong positive correlation due to ties between the economies of each." - gulugulu
Yes absolutely! They are positively correlated and also as you mention - strongly correlated. It's true!
@@TradingFanatic wow, thanks for the fast reply! also is there a new version of you explaining this?
This is the key to win more 🤑🤑🤑🤑
You got that perfectly correct!!
why currency pairs correlate such as eur/usd and usd/cad it makes sense that yea when usd/cad increase the usd become stronger against cad but why does eur/usd drop too . the price is movement is caused by the overbought of a best bid or ask price
It's osmm
Hehe thank you Ranjan!
Can u trade two pairs that correlate at the sametime accordingly?
Yes, you can! But make sure to divide the risk. If you usually risk 1% and you want to take AU and NU at the same time, risk 0.50% on both. That's what I would do.
@@TradingFanatic Thank you sir. How can i contact you for private discussion? Let me know man. Appreciated.
I never knew that forex corolates🔥
This is 2 years ago, I'm wondering if this is still relevant? when will Yuan, UAE and rupee come to play?
Correlation is always relevant. As for the currencies you mention - only the CNY is getting some stea, while the others are still considered "exotics".
💥👍
Why dose USD/CHF have a Negative corrilation with NZD/CAD
I have no idea to be honest. The tools just give you the data, but sometimes pairs like this do not correlate at all. USD/CHF has nothing to do with NZDCAD.
@@TradingFanatic that's exactly what I was thinking but anyway thank you and great video
Sir Please turn on CC caption....because I don't really some understand.....
so basically all the major pairs with usd in starting will move in same direction and all the pairs with usd in ending will move in different direction from pairs starting with usd
❤️❤️❤️❤️
Thank you for the love!!