Best Thread Correlation Trading - Basic Ideas and Strategies

[Dentalfloss]

And dump from our trendline

 

[Dentalfloss]

and bounce from 1.2600 horizontal supp

 

[Dentalfloss]

Will supp hold.?

 

[Dentalfloss]

Lined up

 

[Dentalfloss]

Dollar in support

 

[Dentalfloss]

 

[NVP]

Todays GBP actions are extraordinary ........Boris has agreed a deal with the Europeans .....so onto saturdays drama

about 160 pip swing so far today off the news .......exciting stuff ......saturday will be fascinating ......

I never hold positions over weekend unless i have some serious stops in ....

this weekend DO NOT HOLD ANY POSITIONS ON GBP PAIRS ...unless you have a deathwish

N

 

[Dentalfloss]

Big gaps Sunday night..??

 

[NVP]

Big gaps Sunday night..??

dont even go there ......!!!!!!

 

[Dentalfloss]

Areas to watch for on Sunday night open

 

[Dentalfloss]

If it gaps down...should get bought...No guarantees....lol

 

[Dentalfloss]

If it gaps up
1.2850-1.2930 needs to be support

 

[NVP]

thanks D

other currency indexes are actually far more interesting than the Sloooow usd ........click on the more goodies below and many years ago i loaded up software to monitor any of the G8

Best Thread - Correlation Trading - Basic Ideas and Strategies

Keep up the good work N cheers Pat .....just doing what i'm doing .....day in day out ....turning up !

www.trade2win.com

N

 

[NVP]

Heres more information on using the 8 seperate currency indexes

Remember 1 key important thing ....these are independent charts overlaid on one another so they are not equally to scale so always be aware of that .....it merely gives an indication of direction and patterns

heres GBP and USD on same overlaid chart ........notice on the daily that both currencies are recently falling .....although that's a good deal buying GBPUSD ........this means that there were much much better currencies to buy into the USD

thats the power of the FXCorrelator in showing where to trade ......and my other related software indicators like these ones

N

 

[NVP]

heres cable using the 5 min chart and ive overlaid U and G indicators on the chart

can you see the (usual) behavior of USD ranging ?

can you see the obvious areas to see whee it will retrace ?

can you see GBP rising ?

so look for

any decent resistance signals on USD ...and assume GBP will keep rising.....

see A B C and D for BUY signals on cable

easy ? ......sometimes

useful - you bet !

N

 

[NVP]

2894 rebuy on cable - too easy

 

[Dentalfloss]

yu gotta be ready in both directions

 

[NVP]

2894 rebuy on cable - too easy

dropped it fast ....scratch trade ...too early

 

[NVP]

View attachment 268808
yu gotta be ready in both directions

hi D - whats that chart showing ? ....

 

[Dentalfloss]