Best Thread Correlation Trading - Basic Ideas and Strategies

[GMP]

Hi GMP

fair point......still pitch in anytime you want re questions on the corrie then

regards
Neil

Thanks Neil, willdo. Here's a Correlation article that might be of some interest:
http://www.forexblog.org/2010/01/gold-and-the-euro-i-thought-it-was-gold-and-the-dollar.html
- Gavin

 

[GMP]

Hi Gavin,

I mentioned same thing to NVP quite a few weeks back as really, in the main, its only EG trades that are corrie indy based in part of the decision process for me - N's reply? Keep on posting....

BTW; Hope today's charts with those virtually uncontrollable mt4 arrow thingies were a bit more clearer for you - you can see where I lost all that blood!

Simon.

Thanks Simon, the arrows help alot. (They do seem to have a life of their own don't they?)
Nothing quite like the feeling you get from spending all morning watching the markets for absolutely no profit at all, is there? I've found it useful to keep a punchbag in the corner of the room!

- Gavin (no connection to N&G Offshore Investment Holdings whatsoever, honest guv)

 

[NVP]

here goes nothing......I was waiting for the 92.51 breach to enter south.....

N

 

[NVP]

lets say 92.35 as a 15 pip target....not be greedy

92.65 S/L

 

[NVP]

yes I am aware I am missing the fun Buying E&G / U

but today I am mostly looking at the U/J.....

N

 

[NVP]

gold is pushing up vs Neutral DJ30.....this is what I need to keep USD falling and Yen rising

 

[NVP]

now this is the painful bit as i'm not getting the kick on U/J down i expected .....pull it ?

N

 

[NVP]

out out....not feeling right

 

[NVP]

by the way - the tag are slowly moving up despite the markets rising recently as well..........someone is wrong !

N

 

[NVP]

if the markets now run out of puff i'd be up for some buying Tag selling .....umm GBP (?)

(say gold breaches $1095.60 down)

although if yuove noticed the commdolls have all been weak since 1.30pm.....


N

 

[NVP]

sell GBP below that little support line at say 1.4888

 

[NVP]

yen is still slowly moving up....**** !

 

[NVP]

the tag should be collapsing but they arnt really ...amazing !

 

[NVP]

big big rise on tag coming......we just need the markets to retrace now

 

[NVP]

watch the G/u thats the dude that will collapse the fastest if gold folds

 

[NVP]

gold has shot up $10 with minimal downward move on USD.......cant remember this amount of inelastic response before......its like having wound up a spring so tight the metals bending

USd does not want to fall !!!

 

[NVP]

golds hesitating like a glider thats reached limit of its climb.....

 

[NVP]

again ....sell G/U below 1.4888

 

[NVP]

jees this is like big game hunting isnt it.....

 

[NVP]

damn commdolls look more bearish for this action than Eurozone but lets stick with GBP