Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

Keep up the good work N

cheers Pat .....just doing what i'm doing .....day in day out ....turning up !

 

[NVP]

UCAD looking hot at 4048's ....must come south again soon ....

 

[NVP]

jees that was fast !!!!!

 

[Dentalfloss]

Not lookin happy

 

[NVP]

Better opening today..........

Cad is THE Alpha Bull.....been chasing it on UCAD sells ....but not perfect as USD is Bull as well

So UCAD resells or really any European currency Sell off the next USD push Bull.....

your calls .....so go for it

N

This was my last real update earlier ...........so following my advice there for the day would have been pretty ok

Just bouncing The Brown Cad Bull against the USD (when bearish swings) and Selling the Europeans (well EUR and CHF) against when the USD swung back bull..........

Takes a little practice and mindset ....but Clearly the Euro / CHF drop to - 60 pips on the day so far was most marked and at times by playing the Bull CAd into a fading USD sell..........that would have been master class stuff

Hope everyone liked the early heads up at 9AM today ! ....

N

 

[NVP]

Humans hate uncertainty and discomfort

Trading is 100% of both these things ....

So learn to love them or at least tolerate them ......

or dont trade .........

 

[NVP]

ok here we are Tuesday 6th May ....

early action saw USD bearish so i went Ucad Sells ......as Euro developed into a bear play I also went EU sells when signals allowed......unless i see a real bias/trend on USD I dont stay on 1 side of it ....

Going ok with Europeans now clearly selling best ....

N

 

[Dentalfloss]

Twaz not happy...As we said 24 hours ago

 

[Dentalfloss]

A tad out with rez line..showed up nicely on the chart...and dump again

 

[Dentalfloss]

 

[Dentalfloss]

Updated
In rez

 

[Dentalfloss]

Twaz in rez...as we said

 

[Dentalfloss]

and bounce

 

[Dentalfloss]

Will it hold.?

 

[NVP]

good volatility and Easier action today ......

USD came slowly south in first hour from 6am and i simply had to look for decent bull plays

GBP , NZD, AUD and CAD were all in the Bull running ....I simply got on GBP as it became the strongest

USD and JPY have dominated sells so far ....

much better already than last few scaping days

N

 

[Dentalfloss]

And dump

 

[NVP]

2359 buy cable ...stop 2352

 

[NVP]

2359 buy cable ...stop 2352

it got to 66 high.....you should already have taken a T1 on that ...then run the rest ..at 63 at moment

 

[NVP]

money available on Cable as it tries torally back into london bull trend....

2 scalps and 2 wins in last 10 mins as lready posted for trade 1

 

[NVP]

I rarely show small screen detail on entries here as i focus on teaching bigger picture .....

I have been calling cable from early morning - heres an example of 3 decent trades as it finally came bull again

Anyone can devise a robust entry/exit system once they know what pair to be on ...I am not really
here to teach that exact stuff as well........although maybe i will again one day

N