Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

Update .....

well i scraped a scalp out of the usdCHF swissie and now we have GBP firing up .....perhaops i can make some real money now on rest of morning ......(NVP you are never happy!!!)

N

 

[NVP]

Update .....

well i scraped a scalp out of the usdCHF swissie and now we have GBP firing up .....perhaops i can make some real money now on rest of morning ......(NVP you are never happy!!!)

N

just a post to wind up the days forex action ...I said that GBP rarely has a fully quiet session ...and boy it delivered from last post here !......I rode her up .....some 70 pips of scalp opportunities ....excellent trading !

trading lower Timeframes is a painfully hard process ...but the rewards are high for the winners

 

[NVP]

morning all ...

jees hard slog this morning ........not for the faint hearted .......

cable came out strong bull early london session and has come back .....i was expecting a meltdown play though .....but it came back ......3-4 scalps but real tight stuff .......im ok and up enough ...but a less experienced scalper would probably be losing so far today .....

usd running bear so far ....perhaps AudUsd could have some bull legs but nothing compared to cable whilst its bull

N

 

[NVP]

morning all ...

jees hard slog this morning ........not for the faint hearted .......

cable came out strong bull early london session and has come back .....i was expecting a meltdown play though .....but it came back ......3-4 scalps but real tight stuff .......im ok and up enough ...but a less experienced scalper would probably be losing so far today .....

usd running bear so far ....perhaps AudUsd could have some bull legs but nothing compared to cable whilst its bull

N

ok looking to rebuy cable at moment ...just took a 5 pipper so tight it hurt ....but got it

N

 

[NVP]

just banged one in so tight it hurt again .....discomfort is trading !!!!

T1 shown
N

 

[NVP]

market has stalled ...literally for 2-3 mins now ....i wont get anal on this one .....i will not lose on it either .....

 

[NVP]

just took T1 ........jees that was hard ......im calling it a day now ...got enough pips in bag for this session .....but hard hard graft today.......will let this one run a little if it can

N

 

[AdamCantor]

Cable is really behaving nicely so far in 2020.....well for my approach anyway !

Today GBP index has been a pretty smooth bull since around 9am ....and ive played it ever since

I could have been greedy and got into it from 3090s but i felt it was a little to early just to go off a breach line on Cable ...

I like conformation from my relative strength indicators to see where GBP REALLY is ........and it was still not really bull enough at that point .......

i was aggressive from 3010's so no harm done ...........plenty of pips since then on buying and rebuying Cable all day

nice start to week
N

great stuff here thank you for sharing mate. could learn a thing or two from this actually

 

[NVP]

great stuff here thank you for sharing mate. could learn a thing or two from this actually

you are welcome ...I try to give something back by sharing what i am up to here and on other forums and websites ....

N

 

[NVP]

ok final chapter today - heres what i have been doing

heres my chasing on Cable (wont bore you with other currencies i have been scalping today)

(hint selling EJ)

eventually GBP got south so i chased it down ......using the Cable 6am open price area is as good a line as any to delineate buy vs sell bias ...lets not make it complicated

N

 

[NVP]

whippy morning so far ...no scalps yet

 

[NVP]

Heres the Week so far ....on a 1 hour TF chart with my own customised indicators

GBP been a solid Bull .....but has it now peaked ?
CAD the Sell now ......but coming off a little ?

Yen moderately Bull ....hating the positive correlation with GBP though ...bad Karma

rest are in the middle ......boring and flatlining .....

Has anyone been buying GBPCAD this week ? ...10/10 for you all

N

 

[NVP]

some interesting Stats :-

> 95% of Forex traders go broke
< 5% use forex strengthmeters in their strategies

so go do the math ....

as in business until you have the tools to see your market clearly, how can you make any good decisions ?

 

[NVP]

jeees..........ive literally grabbed one fast scalp on EJ buys ...thats it ...ZZZZZZZZZZ

 

[NVP]

just took cable by at 3136....finally

 

[NVP]

just took cable by at 3136....finally

3152.....let it run or double scalp...either has worked

 

[NVP]

MORNING ALL ...

ok USd is running nicely bull today .......and GBP is bear ...

some nice easy pips on Cable so far .....

 

[NVP]

real nice .........

 

[NVP]

ok there was a 30+ pip scalp area i was happy with ....now cable is retracing ...I am committed to selling cable at moment

lets see what appears to get me back in

N

 

[NVP]

gone back in at 3027.....