Best Thread Correlation Trading - Basic Ideas and Strategies

[GMP]

Correlation question (for anyone if Neil's still cottonpicking):
since 1:30, AUD & NZD have been rising against the dollar in tandem with strengthening Gold, as you'd expect, but EURUSD hasn't really been doing much - is it about to lock in and catch up or is that expecting too much?

 

[NVP]

that Tag train is getting into gear going south isnt it....

 

[NVP]

Correlation question (for anyone if Neil's still cottonpicking):
since 1:30, AUD & NZD have been rising against the dollar in tandem with strengthening Gold, as you'd expect, but EURUSD hasn't really been doing much - is it about to lock in and catch up or is that expecting too much?

hi GMP

i'm gonna get horsewhipped if i dont dissapear soon and my cotton balls will be tweaked....

theres some experienced correlators now online and I 'll try to catch up later

all we need is Ivan phreddy and boiler suit and its the corrie hall of fame in residence today !

N

 

[GMP]

hi GMP

i'm gonna get horsewhipped if i dont dissapear soon and my cotton balls tweaked....theres some experienced dudes online and I 'll try to catch up later

all we need is Ivan phreddy and boiler suit and its the corrie hall of fame in residence today !

N

I think I just spotted the answer to my question on your 1000/1 setting actually thanks N - the different correlations to Gold's movement make perfect sense in light of their respective strengths on this longer term view. Seems perfectly logical now, Captain.

 

[tigloo]

Alright, after confusing positive and negative correlation and opening a few trades just to pay the spread, I just took the first trade on EURUSD/USDCHF divergence. Am short on both pairs. Will be interesting to see where it goes.

N, see my PM re news indicator.

Till

 

[NVP]

sorry all.......floodlit cotton picking now introduced by the bossman (this never happened when Rhett and Scarlet owned the plantation)

will try to be back in action tomorrow.....

N

 

[NVP]

1 quick post........jees you traders are really p*ssing me off here in the trenches

look at this .......money for old rope....

N

 

[NVP]

big divergence on Yen / USD eh.......i'm gradually losing my ridgity on those tag rules....but thats another story !

Till , the stuff sent may help....have a run out with that old indicator and see if any use....shes good for a few miles yet.......keep it under your hat though.....

signing off for tonight
N

 

[NVP]

I think I just spotted the answer to my question on your 1000/1 setting actually thanks N - the different correlations to Gold's movement make perfect sense in light of their respective strengths on this longer term view. Seems perfectly logical now, Captain.

sure....run 2 charts together short term and long term.....thet can help confirm LT trends and retraces

N

 

[NVP]

Hi all

have a few admin things I have to do this morning before work so no overighters

there were so many party people on line yesterday I am happy to let anyone pop up the ole 4 currecy 5min chart and a little banter.......c'mon !

promise to be on later though.....inbetween the cotton picking

N

 

[NVP]

i'll leave you.....off to work

nice move up on USD and GBP down down down.....

N

 

[NVP]

cotton pickin break for 2 seconds.....and just excused myself from the camptown races choral society meeting

hmmmm nice tag bull session looks to be ending.....someone tell Yen though

N

 

[NVP]

Gavin are you making money my friend ?

 

[NVP]

give usd a little time to work out what its doing now......on a 1000/1 5m you will see the range forming at present....

 

[NVP]

hmmm - at around 10am my U/J indicator were screaming Tag divorce was imminent .......but i am light years away yet from finalising that little dude.....and its not megapips to date by far

 

[alan5616]

cotton pickin break for 2 seconds.....and just excused myself from the camptown races choral society meeting

hmmmm nice tag bull session looks to be ending.....someone tell Yen though

N

It's about time you made the permanent switch from cotton picking to pip plucking

 

[NVP]

this is it......all currencies in limbo mode....

 

[NVP]

if gold breaches 1147 sell U into .....umm....GBP....shame we are right on the damn 00 as thats another barrier for this

 

[NVP]

yes i know the 00 hit but wait for gold.....

 

[NVP]

you all hate me dont you......WAIT FOR GOLD