78# Wave Edge Trading System
Hedge Trade
Correlation Pairs
Submit by joy22
This Trading Template is excellent to HEDGE Trade.
You can set first part of screen to one currency pair and the indicator to other you need to look also.
WHY HEDGE TRADE?
»INCOME FROM TWO CURRENCY PAIRS AT THE SAME TIME (IF NEGATIVE CORRELATION LIKE EUR/USD AND USD/CHF);
»SAFETY TO TRADE (WITH POSITIVE CORRELATION LIKE EUR/USD AND GBP/USD);
Positive CORRELATION Pairs:
»AUD/USD Versus EUR/USD
»EUR/USD Versus NZD/USD
»EUR/USD Versus GBP/USD
»USD/CHF Versus USD/JPY
»AUD/USD Versus GBP/USD
Negative CORRELATION Pairs:
»AUD/USD Versus USD/JPY
»EUR/USD Versus USDCAD
»EUR/USD Versus USD/CHF
»GBP/USD Versus USD/CHF
»GBP/USD Versus USD/JPY
If You Trade Eur-Usd Versus Usd-Chf, you will see waves getting close or no. If they are getting close trend is changing for both. Is not, reversal time. Just wait.
There are lots of ways of making hedge, choose what you feel more confortable. And set the indicator(down) to your purposes.
Also exist a yellow line, BUY/SELL zone.That line is reported to the base chart currency. I can make money with this trading system, hope you make the same! Just remember, use small lots, and H1 timeframe is better for safety. Use small take profits to start.
In the pictures Wave Edge forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
