Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

markets have flattened ....

we still have the 3 european currencies dominating the bull side of london session ..........and rest of G8 are sells

nothing is breaking though ....ZZZZZZZz

N

 

[NVP]

hey all

been tied up the last week or so on some other projects ......heres some musings on the USD

http://www.blackswantrading.com/blog/2018/6/12/donalds-dollar-dilemma

heres the GREEN usd tracked against other G7 in last few months....

its a fixed price FXCorrelator on the top from 1/1/2018 and then the default 20ma FXCorrelator available for free in links below.....

see how Greenback is now second bullish currency in 2018 so far ?
see that big push in mid April for the Greenback ? (and the 20ma bull move crossover ?)
see how its flattened in last few weeks ?

now what ?

hey how do i know ? ........just trade what you see gang

TRADE WHAT YOU SEE

N

 

[NVP]

hard work this morning in markets .....

usd mainly flat so far .....which mean no fun for anyone on majors

yen has been most bullish since 6am BST but i cant get much of a bounce so far off the EJ or UJ sell options ....

euro showing some bullish tendancies now .....so hunting Euro bull plays off the usual pairs

ZZZZZZ
N

 

[NVP]

Hey - I have never said trading is easy ....its not ....

and dont believe all the ridiculous vendors out there that say it is easy....

especially if you use their wonder indicators.....and you will become successful overnight

(hint) you wont ......

#1 - get a method in place that allows you to SEE the market ......fully 24/7
#2 - now develop some predictive patterns and systems based on what you see
#3 - trade those systems using sensible Entry / Exit and money management rules
#4 - constantly review and improve the system and yourself in applying it

N

 

[NVP]

looks promising off the support level

N

 

[hatemypips]

hey gang ...gbp has continued to drill north and ive been mainly on it

yen has also been a cracker sell all day

have a good weekend
N

Sales data boosted bets on Pound but how long the relief will last is a puzzle. I think its' all depends on how traders interpret ECB, I mean broad dollar sell-off should soon start again as the search for yields will resume

 

[NVP]

Sales data boosted bets on Pound but how long the relief will last is a puzzle. I think its' all depends on how traders interpret ECB, I mean broad dollar sell-off should soon start again as the search for yields will resume

sure .....but trade what you see dude .....

 

[NVP]

hey all

early days today ...........usd running bull .....im playing it into GBP sells at moment mainly since the 3250's ...........and i will keep hitting it in that range shown until failure

ive got a default 20ma FXCorrelator in as a guide on a 1 min ...see the red and green lines ?

N

 

[NVP]

flat at moment in market ......waiting for 8am BST next bar

 

[NVP]

eurusd creeping into prime position as bull play

 

[NVP]

all positioning ...step back until the 8am bar moves ...i still like cable sells

 

[NVP]

or ucad buys ...equally looking good

 

[NVP]

missed a 3135 rebuy into ucad .....AAAAAAAAAAAAAAAAAAA

 

[NVP]

ok wait for cables swing back into 3239/41 then hit the resell

 

[NVP]

did you take it ? ............3234 already the cable ...

 

[NVP]

ok cable to 3230 so far and falling fast

i cant call a scalp better than that - textbook fast scalp !!!!

back later
N

 

[NVP]

ucad rebuy was even better !!!

 

[NVP]

still chasing cable down to 3222 now .....excellent move ....run it

 

[NVP]

usd bull on a roll this morning ....go with it on major pairs

 

[NVP]

hey all

early days today ...........usd running bull .....im playing it into GBP sells at moment mainly since the 3250's ...........and i will keep hitting it in that range shown until failure

ive got a default 20ma FXCorrelator in as a guide on a 1 min ...see the red and green lines ?

N

soooo..... i just kept hitting the cable resistance level whilst watching my fxcorrelator for clues

sweet :smart:

N