Best Thread Correlation Trading - Basic Ideas and Strategies

[Artycharty]

 

[NVP]

Forex Diary 28th Feb 2021

hey all

ok heres the year so far on my Fix Start FXCorrelator ...

This is available for a small contribution to charity here

Virgin Money Giving | Virgin Money UK

Credit cards, Mortgages, Savings, ISAs, Investments and Insurance – Our quest to make banking better starts here

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BULLS
Red GBP is storming the year so far with some 500 pips net gain (most in Feb)
AUD, CAD and NZD fighting for the Bull Scraps ....

BEARS
yellow YEN and grey CHF both pushing -380 pip falls from Zero line
(most of those both coming in Feb)

best Pairs in 2021 so far are GBPJPY & GBPCHF both hitting around 6.6% gains from early Jan

I have been trading with relative strength indicators and strategies since about 2001 (posting here since 2008/9) and still find them just as profitable today as the day i first started....

sure .....some tweaks along the way to reflect changing market dynamics .....but the core foundations are the same.....

N

 

[NVP]

Hi Arty

can you explain to people what you are doing ? .....otherwise i'm not sure what is happening here and the value being added ?

thanks
N

 

[MichaelJohnFX]

AUD looking weak heading into next week. Looking for strong reactions off of yellows for further downside moves.

 

[Artycharty]

 

[Artycharty]

 

[Artycharty]

 

[Artycharty]

 

[Artycharty]

 

[NVP]

Hey gang .....

apologies as I’ve been crazy busy the last 2 months working with a very very good programmer.....the best I’ve seen for many a year ....

Let me get something here soon on what I’m up to at the moment and what the forex market is doing .....

All my free stuff is in signature area below and a few trusted T2W traders post stuff here as well ....ask any forex questions to me by Dm or post it here ...I will respond as soon as I can

Talk soon ...
N

 

[NVP]

TradingPorn ....

“Social Media (Fb, tik tok, Instagram , Forums , YouTube , magazines, ebooks, etc. ) Where Trading is promoted to heightened levels of non reality and fantasy stimulating a compulsive and addictive interest in their audience”

Traders...maybe you need to cut down on watching TradingPorn and learn how to trade in the real world.....?

Just an idea ?

N

 

[NVP]

heres my latest Video and update on march performance

get the latest indicator by donating to charity here

Virgin Money Giving | Virgin Money UK

Credit cards, Mortgages, Savings, ISAs, Investments and Insurance – Our quest to make banking better starts here

uk.virginmoneygiving.com

 

[NVP]

In trading its not just what you see that is important to identify triggers ....it’s also what you don’t see or what is absent from a situation that is just as valuable ......

N

 

[MichaelJohnFX]

DXY - yellow lines previous breakout areas (support/res)

 

[MichaelJohnFX]

EURUSD setting up excellently. Flat lows/highs give us magnets for price

 

[MichaelJohnFX]

GBPUSD. Middle Yellow - breakout. Potential res

 

[MichaelJohnFX]

Been a very choppy couple of weeks for me. In a drawdown atm, but if there's anything I've learnt over the years, it's to keep consistency in the trades you take and having a fundamental belief in your system. You're only 1/2 trades from being back in the game. It's all about probabilities at the end of the day.

 

[NVP]

Forex Diary 14th Mar 2021

hey gang - crazy week .....a lot of action from all currencies off a low trending week !

see my Free FXCorrelator in charts below (available in the signature links)

and my Fx Start indicator - available for a small donation to charity here

Virgin Money Giving | Virgin Money UK

Credit cards, Mortgages, Savings, ISAs, Investments and Insurance – Our quest to make banking better starts here

uk.virginmoneygiving.com

BEARS

The biggest seller was Red GBP hitting weekly low around early wednesday europe, then rallied before coming came back again for a second bull bite on Friday .....classic GBP action !

Blue Euro ,Yellow Yen and Green USD also hit some Bears later in week

BULLS

Early Grey CHF action was followed by decent brown CAD by Wednesday and a few others followed ...a real scrum in fact later in week ...real messy to get decent trades away ....

for me that solid Red GBP early week was THE trade .....lots of currencies to buy into it (GBPCHF sell was best play on chart).....that USD & JPY Selloff thursday was hard to hit ......and then they bounced north very nicely on thursday

CADS aggressive selloff on late thursday was nice into the rising YEN & USD .....bit you had to be looking for a counter trde on week to nail them ....full marks if you did ...

this week was about counter trading some ranges ......but for me nothing really was over extending anyway to prompt such aggressive moves or plays .....so i was happy punting the GBP sells monday....

have a great week
N

 

[MichaelJohnFX]

Euro pairs going into the 23rd trading session. This is where NVP's FX correlator really comes into it's own - matching technical setups with relative strength.

 

[priceActionKevy]

hey MJ ....plenty of Strengthmeters out there these days ....something must work on Mac ....or perhaps go to a VPS ?

I actually did the same thing from a suggestion on a different forum (not sure if allowed to mention here), and started a vps with www.ninjamobiletrader.com and it works really great.