Best Thread Correlation Trading - Basic Ideas and Strategies

[Dentalfloss]

In some sort of pivot area

 

[Dentalfloss]

and bounce from our pivot

 

[NVP]

my mondays get better and better ........

scalped through a 100 pip cable fall so far ......too easy

As a scalper i stop no more than 5 pips on any trade and generally advocate 2% per trade (0.4% per pip)

even if ive only had 50 pip win so far ......thats 50 X 0.4 = 20% return on my bank inside 5 hours

go do the math on scalping ........sure you dont get anything like 50 pips every day..... but equally ive had several hundred pips in some unique trading sessions......(guess what night that was)

Best Thread - Correlation Trading - Basic Ideas and Strategies

Forex Diary - Covids impact 2020 to date jees what a year .....and no shortage of great volatility and Trading opportunities for Forex Traders heres the REAL market action from mid Feb when global markets finally realised the financial and Economic Armageddon that Covid19 was going to...

www.trade2win.com

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Pound Sterling in the Red. vs Euro and Dollar in Wake of Johnson & Barnier Speeches

Pound displays caution heading into a major speech on EU-UK trade due to be delivered by Prime Minister Boris Johnson

www.poundsterlinglive.com

 

[NVP]

someone asked me why i wasnt "hammering" trades on the E/G pair...

BECAUSE I AM HAMMERING THE GBPUSD pair

why ?

BECAUSE USD IS MORE BULLISH THAN EURO SO FAR TODAY .....(more pips made)

use a strengthmeter ...it will reduce your losses and increase your winners

N

 

[NVP]

so after stalling in 3070s we are back selling hard down to 3040s now ...

 

[NVP]

this isnt how i trade .....but look at how sweet cable is today .......show me 3 consecutive bars of buying ?

no ? .....wow....thats a bear market !

Note - this can frustrate the hell out of you guys looking for deeper pullbacks .....

SO ADAPT OR MISS THE PARTY

 

[NVP]

back in again at 58 ......jees its good today

 

[NVP]

ok ive got to go do other stuff..............Sterling has slowed anyway last hour or so ....

maybe back later ..

N

 

[NVP]

still on GBP selling since i got back earlier .......Cable has pulled back maximum 20 pips at times off a 150-160 pip drop so far

N

 

[NVP]

looking at US indices this afternoon as well .....been trading the US 30

been in from 28380s to 28570's so far ......

N

 

[Dentalfloss]

Excellent bounce
now in rez

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

Will supp hold.?

 

[NVP]

great morning ......GBP just kept selling from 6am

 

[Dentalfloss]

 

[NVP]

gave away 3-4 pips on 1 failed scalp as cable has retraced .....its back at 50% of 6am opens now ....lets see if Fibonacci has any effect on resells

N

 

[NVP]

View attachment 274025

yep still hoping to get some resells in D

 

[NVP]

17 pip bull bar on last 5min cable ....that will attract a rebound