Best Thread Correlation Trading - Basic Ideas and Strategies

DXY in support

Screenshot_13.png
 
Forex Diary 27tht April 2020

low key start to Trading week ......

USD selling
im buying it across a variety of Currencies all pushing Bull > zero on top indicator

the Versatile top indicator is available here for a small charity donation - read all about it first and why i've used it for so many years profitably alongside my MA version

 

Attachments

  • forex Diary 27th April 2020.JPG
    forex Diary 27th April 2020.JPG
    115.2 KB · Views: 135
Forex Diary 28th April 2020

Nice steady morning so far ......USD solid sell since 8am GMT (10 am on chart)...

I've scalping Cable from about 2430s to 2500 so far
UCAD useful as well from 4040s to 3940s so far (not shown on chart)

I do this every day to find my Key pairs to trade in market ...all Timeframes ....no fuss ...no complications

The Moving average indicator below in links ....Been available Free for 10 years on this site

The Fixed start top indicator now available here for a small charity donation

Stop making mistakes in Forex and find a strong reliable system...join the 2% that Win

N
 

Attachments

  • forex Diary 28th April 2020.JPG
    forex Diary 28th April 2020.JPG
    155.1 KB · Views: 107
Forex Diary 29th April 2020

ok ive injected a little different information now into the chart below ...

This time i've switched focus on the lower left indicator to Red GBP

Since Green USD is Flat .....ive shown you what the more voltile red GBP is doing and looked to trade that as lead currency

See how GBP is a solid sell this morning on Top left indicator ? (My charity Fixed indicator available here)

See the pullbacks of Red GBP above zero on the lower indicator (available Free in links below)

See those on the GBPUSD right chart ?......look like great areas to SELL GBPUSD ....

welcome to trading strength meters !

you can also see that Blue Euro is Bull so worth doing similar on that into USD and GBP in fact ....

I have been all morning ...and doing well on my scalps

Trading is easier if you pick the right pairs to trade - FXCorrelator.com

good hunting
N
 

Attachments

  • forex Diary 29th April 2020.JPG
    forex Diary 29th April 2020.JPG
    165.9 KB · Views: 125
remember my last post ? - look at GBPUSD NOW ....the GBP came back into sell mode on that 7ma FXCorrelator bottom left .....too easy
 

Attachments

  • forex Diary 29th April 2020 2.JPG
    forex Diary 29th April 2020 2.JPG
    155.4 KB · Views: 114
You're allowed to ask overtly for donations on this site?

SINCE WHEN?

I caught all kinds of grief because my code said, "Gifts and donations accepted".
 
Really tied up today so haven't been posting .....

ok USD flat so far ....a little bearish more than bull

Europeans been bullish ......so ive been on GBPUSD bull a times earlier

need USD swinging more than this to make serious money though

N

The top left indicator is available by donating to my NHS charity below
 

Attachments

  • forex Diary 30th April 2020.JPG
    forex Diary 30th April 2020.JPG
    152.8 KB · Views: 128
You're allowed to ask overtly for donations on this site?

SINCE WHEN?

I caught all kinds of grief because my code said, "Gifts and donations accepted".

hey TRO - hope you are ok ...all your predictions are coming True it seems ..... ?

if you read the small print it goes directly to the NHS charity ......doesnt ever hit my personal account at all

I figure the Mods have realised that and are supporting the money going to our wonderful Health workers

£360 - 00 raised so far .......so everything helps ...and thanks to those that have donated

have a nice day ...
N
 
hey all ....

slow day ....Green usd is flat....20 pip swing max so far .....useless

Ive chased a few for peanuts ....Ucad buys earlier ....some EU Buys and now some Cable sells

will hang in there as GBP bear looks promising

the top indicator is new and available from a Charity site below - others are free already

N
 

Attachments

  • forex Diary 1st May  2020.JPG
    forex Diary 1st May 2020.JPG
    115.2 KB · Views: 110
Forex Diary Week Ending 1st May 2020

Too easy - Just buy the bull Currencies and Sell the Bear ones against the Zero line

BULLS
Brown CAD
Orange AUD
Blue Euro (late in week)
Red GBP (late in Week)

BEARS
Green USD
Grey CHF
Blue Euro (for most of week)
Yellow Yen (late in Week)

All based on using the charity indicator thats here

Stop losing in Forex and start winning ...maybe its not your Entry or Exit system thats the problem
Its being on the wrong pairs most of the time .....theres 28 to pick from ..

N
 

Attachments

  • forex Diary week ending 1st 1st May 2020.JPG
    forex Diary week ending 1st 1st May 2020.JPG
    139.7 KB · Views: 158
Last edited:
Here's a chart of what happened in April

How did you do ?

Can you see how solid some of those currency moves were across the month ?

Shown on my Fixed start FXCorrelator (available here for a £15 donation to charity)

AUD was a Solid Buy from week 2-4 then dumped week 5

Euro and Swissie - 3 weeks of solid sell 1-3

and so on ......trading off of a 4 hour TF there was plenty of money and PIPS around...perhaps use the basic FXCorrelator indicator (not shown) on a 4Hr TF as well and trade off perhaps the 7ma pullbacks back into trend

or any other thing you like .....

BUT ALWAYS trade the big movers and trenders ........forget your favourite pairs and trade whats working .....

Thats why so many traders fail .....you have to play the odds and get onto the trending pairs ....they are what pay ....

ok enough - i'll try to do a video on this as well next day or so

N
 

Attachments

  • April Forex Action.JPG
    April Forex Action.JPG
    110.9 KB · Views: 161
  • covid heroes.JPG
    covid heroes.JPG
    37.8 KB · Views: 116
Slow start to week from 6am .......very twitchy ....so no trades taken as yet ....USD swingy and encouraging volatility

back later
N
 
ok opening up a little

Heres picture on my charity indicator and the Free MA one below

If you stuck to chasing green USD movements to initiate Trades then 2 pretty clear ones so far this morning
Selling usd at those 2 points into Bull Currencies

1) was only AUD and NZD as Bull play .....both would have been ok
2) CAD, AUD and NZD again were bull....all ok again

Nothing out of park but this is trading ! - be patient !

you've just had at least 2 from 2 scalps on a monday morning !

N
 

Attachments

  • forex Diary 4st May  2020.JPG
    forex Diary 4st May 2020.JPG
    96.7 KB · Views: 129
Better opening today..........

Cad is THE Alpha Bull.....been chasing it on UCAD sells ....but not perfect as USD is Bull as well

So UCAD resells or really any European currency Sell off the next USD push Bull.....

your calls .....so go for it

N
 

Attachments

  • forex Diary 5th May  2020.JPG
    forex Diary 5th May 2020.JPG
    92.1 KB · Views: 123
Top