Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

I focus on 2 sessions in a week

Weekly session......its the only formalised session in forex with clear stop and start cutoffs...

And the 3 separate sessions per day

Asian
European
US

there is about 15 a week .. depending if you count trading the Asian Sunday session or the Friday late us session

The weekly is the most predictable and profitable...using higher tf entries

I never hold trades over weekends though

N

They both can trend well.....just give gbp more wriggle room on stops

 

[NVP]

With 25 years in forex there are very few people I really rate as educators and traders

Here's 1 ....hopefully the moderators will allow this post to stay.....the guy has never charged a penny for his ideas and indicators

Hanover and I have exchanged ideas on strengthmeters a few times.....he really gets it....so brilliant a programmer....I've only worked with 1 guy on same level....

Here's just 1 of his threads on FF for newbies

Twelve stepping stones for rookies

Share ideas, debate tactics, and swap war stories with forex traders from around the world.

www.forexfactory.com

Moderators ...please remove if you feel this breaches rules

 

[AMZFx]

Hi Everyone....An ambitious title indeed !

I want to consolidate as much information as possible on the subject within this
thread....the works !

Over the next few posts I will try to share my own humble thoughts/Ideas on Forex Correlation and would appreciate as much feedback and input as possible to help my studies.

I am not going to try to dictate where this thread leads, but I am hopefully that it will deliver some great Ideas, references and "Gems" for all of us to incorporate into our Trading.

To get things started In next post I am going to discuss The Major 8 currencies and how I have found they tend to interact with one another and if there are any simple rules we can learn from this to assist our trading.....

I will also attach an indicator I use to assess how the 8 Currencies are performing which I would love to develop further and expand with everybodies help

Please start adding comments / requests and of course any references or threads that would be beneficial to have linked in this one

apologies if anything has gone wrong in this first post...I hav'nt posted much before and this is my first attempt at a thread !

more tomorrow - time and work permitting !
Neil

Great initiative, Neil! Forex correlation is a valuable topic, and your insights on the major 8 currencies sound promising. Looking forward to your indicator and discussion. I’m sure this thread will generate useful ideas for all traders. Keep it going!