Main takeaway: markets have their own character. In particular, some are mean-reverting, some are trend-following, and some are neutral. The idea that a robust strategy should work across all markets is bull***t. So focus trend strategies on trending markets, reversion strategies on reversion markets. Then explore filtering by time of day. Don't use too many filters - danger of curve-fitting.
@@raymondphilip6232 Markets can behave differently at different times of day. For example in FX spreads can be wide in the gap between NY closing and Tokyo opening. Some pairs trade well during the Tokyo session, other are dangerously thin and gappy. and so on. There are many nuances to the way markets behave at different times of day, or at different times of the year - particularly for commodities.
@@tullochgorum6323 i've come to a conclusion that the only real way to make money in forex/cfds is position trading. And if u wanna make an indicator do not use the price as a standpoint of ur indi. Price it self is laggy, why would u use an indicator of a laggy source (price). Condition drives the market. Start with COT reports. That thing right there. Is money printing machine.
@@raymondphilip6232 I rather suspect that Mr Unger would disagree with your idea that you can't make money with price patterns, but if fundamental analysis works for you, go for it!
![016: Trading champion Andrea Unger shares tips to creating trading strategies that work [AUDIO ONLY]](http://i.ytimg.com/vi/kdTVSSXknZw/mqdefault.jpg)
![016: Trading champion Andrea Unger shares tips to creating trading strategies that work [AUDIO ONLY]](/img/tr.png)
12:00 What if the end is not making money, should we take it?
13:41 Same as previous
Two year on, I would question the use of EURCAD and GBPCAD, much prefer EURAUD and GBPAUD, wonder how 2020 is working out.
Fun fact
Both r ok
Aud correlates with gold
Cad correlates with oil
So both r ok
47:00 time
Main takeaway: markets have their own character. In particular, some are mean-reverting, some are trend-following, and some are neutral.
The idea that a robust strategy should work across all markets is bull***t.
So focus trend strategies on trending markets, reversion strategies on reversion markets.
Then explore filtering by time of day. Don't use too many filters - danger of curve-fitting.
Wdym "time of day"?
@@raymondphilip6232 Markets can behave differently at different times of day. For example in FX spreads can be wide in the gap between NY closing and Tokyo opening. Some pairs trade well during the Tokyo session, other are dangerously thin and gappy. and so on. There are many nuances to the way markets behave at different times of day, or at different times of the year - particularly for commodities.
@@tullochgorum6323 i've come to a conclusion that the only real way to make money in forex/cfds is position trading.
And if u wanna make an indicator do not use the price as a standpoint of ur indi. Price it self is laggy, why would u use an indicator of a laggy source (price).
Condition drives the market.
Start with COT reports.
That thing right there. Is money printing machine.
@@raymondphilip6232 I rather suspect that Mr Unger would disagree with your idea that you can't make money with price patterns, but if fundamental analysis works for you, go for it!
i was here i was absorbing knowledge now im out