Best Thread Correlation Trading - Basic Ideas and Strategies

[Dentalfloss]

 

[NVP]

long day ......USD stayed relatively bull till around 1.45pm then peeled south into US opens ....

GBP came back hard North from early london trading and I had ditched Cable selling before 10 am .... moved heavily into buying Ucad for a while then more recently been buying Cable and selling UJ into early US markets

lets see what happens next ....
N

 

[cantagril]

No...Not yet
When you get 1000 point moves in the Dow its hard to move awa\y
FX is when i have the time and inclination to look at .It is more gentle and straightforward though

That's what you call "damning with faint praise" Neil!

 

[NVP]

No...Not yet
When you get 1000 point moves in the Dow its hard to move awa\y
FX is when i have the time and inclination to look at .It is more gentle and straightforward though

1000 pip move last week on Cable ? ...any use ?

 

[Dentalfloss]

1000 pip move last week on Cable ? ...any use ?

We had it marked

 

[Dentalfloss]

Cable ran nicely
1000 pip move is highly unusual
Ditto Dow

 

[NVP]

heres last weeks action .........blistering again

USD smashed nearly 450 pips south from monday
GBP went some 450 pips Bull through the week

Nothing Else came close ...Cable Bull Ruled the waves !

N

 

[Dentalfloss]

Basically...buyers need to keep it above 1.2000

 

[NVP]

Forex Diary for 2020 to date

We are gripped in the greatest heath and economic crisis for generations. The Covid-19 Virus is testing global courage and fortitude as humanity fights for a cure. Economic markets are being ravaged as individuals rush to cash and Global GDP crumbles in its grip.

Forex Traders have ample opportunity to generate income for themselves and their families in this crisis as long as they maintain cool heads and trade their own preferred systems well.

I have reset 8 major currencies from 1st January 2020 with a start point of Zero - Note the Volatility spike in late Feb as markets finally wake up to the fury and devastation of the Virus on Economic markets....

CAD, GBP and AUD have been the main sells to date

Yen,CHF,USD and now increasingly the Euro being the bull plays.

I wish everyone a safe passage through these troubled times

I have no idea where any of these currencies will trade next (no one does) - I simply follow my systems that give me an Edge based on 20 years of experience

N

 

[Dentalfloss]

Updated

 

[Dentalfloss]

Updated

 

[Dentalfloss]

 

[NVP]

morning all

ok mixed day at moment ...im leaning on the usd Bull at present selling cable mainly and UJ buys were nice earlier

so much commentary out there re how the FOREX market is going to behave this week ......

WHO CARES ? ........see it (Fxcorrelator) ...follow your rules .....trade it !

N

 

[Dentalfloss]

a tad out on support
we had 1.2328-1.2352 area
excellent results

 

[NVP]

EU and Cable rebuys at moment

 

[NVP]

cables bull extends ....now 120 pips from london low....i didnt get back in that early though ....Ucad buying well also now

 

[NVP]

ucad buys have been a solid performer for me today .....
4165s....looking for rebuys

 

[NVP]

took positions from 61 ...to 72 so far

 

[Dentalfloss]

Yazza needs blue as rez on the bounce

 

[Dentalfloss]