Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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I'm still focused on trying to get this system of mine working at the mo', so am doing my best to ignore any other avenues of distraction (I wander off too easily!). I'll definitely give it a look eventually, but that scalp is a case in point. Your entry would've been too early for my system, and I'm already second-guessing it too much (see http://www.trade2win.com/boards/trading-journals/91616-icc-forex-system-testing.html#post1108496).
Neil, I will get back to you about the indicator, as soon as I have a more or less reliable screen to watch at work.
Gavin, take a look at GBPUSD vs. EURUSD. Oftentimes the GBPUSD will signal a movement before EURUSD reacts. I don't quite know why, maybe because GBPUSD is more volatile and overall market movements that affect USD or the Eurozone have a higher impact on GBPUSD, which is just backed by the Pound.
I have often seen GBPUSD move into a completely unexpected direction with EURUSD going about its business as if nothing happened. Then, a few minutes later EURUSD suddenly seems to abandon its intention and follows GBPUSD.
Gavin, take a look at GBPUSD vs. EURUSD. Oftentimes the GBPUSD will signal a movement before EURUSD reacts. I don't quite know why, maybe because GBPUSD is more volatile and overall market movements that affect USD or the Eurozone have a higher impact on GBPUSD, which is just backed by the Pound.
I have often seen GBPUSD move into a completely unexpected direction with EURUSD going about its business as if nothing happened. Then, a few minutes later EURUSD suddenly seems to abandon its intention and follows GBPUSD.
jrplimited
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Hi N and whoever else,
GU; First trade entered long at 54139 on open 09:35 bar, price slipped down then rose again slowly printing 10:15 new local high, then it gently fell over and 10:35 bar caught TS for 5 point profit. Second trade buy stop at 54308 touched by 11:00 bar, price went down then up to form 11:10 new local high then fell over in a heap taking out adjusted SL during 11:30 bar for 17 point loss.
EU; Entered short at 34293 on open 09:40 bar, price moved down a bit more then retreated beyond entry point, threatened SL then at last turned back down south, caught some momentum and printed 11:45 new local low, then moved up slightly on next and as time running out this was used as exit for 24 point profit - could have held on for another two bars as price slipped again but rules is rules for me.
EG; Bit of a dog's dinner chart wise this morning so left this pair alone.
Not much to comment on here apart from the fact that I only just managed to scrape through the day. Annoyed about that EG chart as there looked to be some ideal opportuinities to spear a few points - trade well and regards,
Simon.
GU; First trade entered long at 54139 on open 09:35 bar, price slipped down then rose again slowly printing 10:15 new local high, then it gently fell over and 10:35 bar caught TS for 5 point profit. Second trade buy stop at 54308 touched by 11:00 bar, price went down then up to form 11:10 new local high then fell over in a heap taking out adjusted SL during 11:30 bar for 17 point loss.
EU; Entered short at 34293 on open 09:40 bar, price moved down a bit more then retreated beyond entry point, threatened SL then at last turned back down south, caught some momentum and printed 11:45 new local low, then moved up slightly on next and as time running out this was used as exit for 24 point profit - could have held on for another two bars as price slipped again but rules is rules for me.
EG; Bit of a dog's dinner chart wise this morning so left this pair alone.
Not much to comment on here apart from the fact that I only just managed to scrape through the day. Annoyed about that EG chart as there looked to be some ideal opportuinities to spear a few points - trade well and regards,
Simon.
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NVP
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actually skip that this is a messy one so I am not upset at being out.....
anyway back to cotton picking...sorry i'm fixated on the U/J ....you have to appeciate i was researching TAG vs G6 stuff a year ago so its excellent solid stuff - but is not as much fun to me as newer research principles/Ideas
N
anyway back to cotton picking...sorry i'm fixated on the U/J ....you have to appeciate i was researching TAG vs G6 stuff a year ago so its excellent solid stuff - but is not as much fun to me as newer research principles/Ideas
N
