Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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ok gotta go....heres the 2 cheeky 10's just discussed....the timing may be not to the minute (5min charts not 1min) but theres 10 pips in both with some to spare....one day you will be doing this like its second nature with a little time , training and the correlator family !
later
N
later
N
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jrplimited
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Hi N and all else,
Yeeha! Yet another Friday gallops around and comes as a welcome relief to all us Brits who suffered last night's first ever "presidential" debate on tv - debate of course meaning lies and spin! Onto this morning's bun fight....
GU: First trade entered short at 53751 on open 08:05 bar, price immediately turned around and took out SL during 08:25 bar for 21 point loss. Second trade buy stop at 54272 filled during 09:00 bar, price rose then made shallow retrace which took eight bars to recover, 09:55 bar printed new local high followed by a small retrace then another feeble attempt at a rise then price rolled over and took out TS near end of 10:35 bar for 21 point profit. Saw another setup for long trade at 11:30 bar but didnt take due to near session end plus time taken over second trade.
EU; Entered long at 35353 on open 08:40 bar, price dropped by a few points then 08:50 bar rode to rescue and popped up followed by another nice up bar after a brief pause, then retraced for five bars and turned around to go back up with 09:55 bar printing new local high, exhausted itself and took out TS during 10:25 bar for 15 point profit. No other setups occurred.
EG; Couldnt find any setups this morning as chart was in a real pickle - shame as taking a short from about 08:10 onwards would have been profitable to the tune of around 30 points or so.
That EU small upwards trend looked a bit shakey to me so this pair could be good for following this afternoon - trade well and regards,
Simon.
Yeeha! Yet another Friday gallops around and comes as a welcome relief to all us Brits who suffered last night's first ever "presidential" debate on tv - debate of course meaning lies and spin! Onto this morning's bun fight....
GU: First trade entered short at 53751 on open 08:05 bar, price immediately turned around and took out SL during 08:25 bar for 21 point loss. Second trade buy stop at 54272 filled during 09:00 bar, price rose then made shallow retrace which took eight bars to recover, 09:55 bar printed new local high followed by a small retrace then another feeble attempt at a rise then price rolled over and took out TS near end of 10:35 bar for 21 point profit. Saw another setup for long trade at 11:30 bar but didnt take due to near session end plus time taken over second trade.
EU; Entered long at 35353 on open 08:40 bar, price dropped by a few points then 08:50 bar rode to rescue and popped up followed by another nice up bar after a brief pause, then retraced for five bars and turned around to go back up with 09:55 bar printing new local high, exhausted itself and took out TS during 10:25 bar for 15 point profit. No other setups occurred.
EG; Couldnt find any setups this morning as chart was in a real pickle - shame as taking a short from about 08:10 onwards would have been profitable to the tune of around 30 points or so.
That EU small upwards trend looked a bit shakey to me so this pair could be good for following this afternoon - trade well and regards,
Simon.
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NVP
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NVP
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I know everyone thinks i'm nuts here but if we can crack the trades when the Tag get divorced I have a complete arsenal of trades for most conditions in the market
you are all now probably aware that when the tag are working together we naturally recommend piling into the G6 as the opposing currencies to pair with the tag......normally USD for me as the Tag choice
N
you are all now probably aware that when the tag are working together we naturally recommend piling into the G6 as the opposing currencies to pair with the tag......normally USD for me as the Tag choice
N
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NVP
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a profits a profit mate
......i'll try to pop out my privates (customised corrie chart ) on thread later to see what was on offer....N
