Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

interesting day today ....full of contradictions and twists

gbp has now bounced North and USD has bounced south ...big time.....

yen is alpha bull ........euro strong as well ........solid steady selling on CAD and NZD

N

 

[NVP]

good morning everyone

this morning from 6am BST the market has been very simple and tradable

BUY YEN AND USD
SELL NZD, EURO, GBP

EJ has been THE best pair of the 28 G8 pairs to scalp so far ....why ?

because my FXCORRELATOR strengthmeter based systems tell me that

at this moment i am waiting for EJ to resell again...its slowing coming

no complaints from me then .....i will be finished soon with targets met

N

 

[NVP]

good morning everyone

this morning from 6am BST the market has been very simple and tradable

BUY YEN AND USD
SELL NZD, EURO, GBP

EJ has been THE best pair of the 28 G8 pairs to scalp so far ....why ?

because my FXCORRELATOR strengthmeter based systems tell me that

at this moment i am waiting for EJ to resell again...its slowing coming

no complaints from me then .....i will be finished soon with targets met

N

30-40 more pips selloff on EJ since my last post above .....it doesnt get easier than this guys

N

 

[NVP]

toooo easy today

yen and usd are blowing bull .......both have added nearly 50 pips Bull each since 6am BST so far

selling mainly euro and GBP this morning .......they have both hit -40 pips bear from 6am

i wish it was this easy all the time

cheers
N

 

[NVP]

127.00 looks like a decent resistance point to start reselling EJ ....

 

[NVP]

ive already picked up a decent 5-6 pip scalp but dont rush it ...let it test out the move first

 

[NVP]

126.79 already

 

[NVP]

126.70 was the low ...plenty in there for a scalp gang ...hope you took it

 

[NVP]

126.96 sell ej

 

[NVP]

right on the line .....cmon ....this is an interesting price point 126.93 now

 

[NVP]

126.91 im taking small b/e cover

 

[NVP]

will try to work it down now ...i cant lose due to taking profits on contratcs already

 

[NVP]

if you are late to party clearly there is all the way back up to 127.03 to work with as retraces back into reselling

 

[NVP]

ucad buys have been interesting as well so i am on those trying to rework more buys

 

[NVP]

another 126.96 was offered and taken by me ........now sold to 126.85 and falling

sweet

 

[NVP]

the ej sells are all driven by a strong yen gang ...dont hold your breath for much more .......we need euro to sell sell sell more

 

[NVP]

126.77/78 ....nice kicker .....weve worked this all the way down from 126.95 so far

 

[NVP]

scalping is bloody hard as you have to make quick decisions and the spreads eat into profits much more than higher timeframes and stop losses / targets set

but if done well you make significantly more than higher timeframes ...and you need much less capital with brokers

so dont write it off because unskilled trader vendors cant do it.... and therefore tell you it cant be done ...as it can be done

dont ever listen to anyone ........go your own path

N

 

[NVP]

11:46 ...deep retraces on EJ now so wait for next opportunities to resell....126.88 is next test point*

 

[NVP]

11:46 ...deep retraces on EJ now so wait for next opportunities to resell....126.88 is next test point*

EJ NEVER GOT MORE THAN 3 PIPS ABOVE 126.88 SO FAR .....

just keep hitting the resells .......yen and usd are still the bull plays ...gbp and euro the sells

N