Best Thread Correlation Trading - Basic Ideas and Strategies

[Adamus]

Hey A

I (finally) see 1.5922 hit......but did you ride the storms to get there ?

N

Yes, no problem. I just didn't watch it! The system got in on the EUR/USD as well at midday - target 1.3760. I can see that might not work on this move up - to give you an idea of my time scale though, my stop is at 1.3569, so it can stay in overnight, although it might reverse if the market does a 3 point turn - and yes I'm talking driving here, not technical indicators!

 

[NVP]

a 40 point fall in Dow has not really dented the tags appetite to fall that much so be aware this may be a brief intermission on tag falls

N

 

[NVP]

Yes, no problem. I just didn't watch it! The system got in on the EUR/USD as well at midday - target 1.3760. I can see that might not work on this move up - to give you an idea of my time scale though, my stop is at 1.3569, so it can stay in overnight, although it might reverse if the market does a 3 point turn - and yes I'm talking driving here, not technical indicators!

sounds like a plan.....and i hope i'm right on the last post for you

N

 

[NVP]

compression area forming............(I sound like a weatherman !)


Remember those Green horizontals are over extension areas already discussed.....:smart:


N

compression breached.......GBP is the culprit........

 

[NVP]

and gbp is gone man....solid gone !!!

 

[NVP]

shame the Dow is pointing south............but nothings perfect .....

 

[NVP]

still plenty there......?

 

[NVP]

if dow falls below 11815 or so the tag must rise............jees its weak still

 

[NVP]

and if it rises again the Tag will collapse even more.....

 

[NVP]

jees .....gbp is going for that overbought touchline now.........

go go go !!
N

http://www.youtube.com/watch?v=g0DWqhZ4xKw&feature=related

 

[NVP]

hes 10 yards out..............:clap::clap:

N

 

[NVP]

dont falter now.....were all behind you GBP

 

[NVP]

touchdown !!!! :clap::cheers:arty:

 

[NVP]

congratulations GBP that was a hell of a run on the 5mins.......Jees !

and the best damn Live example you will ever ever see of a compression breakout into a overbought zone on the Corrie

priceless :smart:
N

 

[NVP]

now thats just showing off mate.....

 

[NVP]

and just to close this out finally while gbp continues to showboat.....

can you see here how the G8 is a Zero sum game ?

as GBP went into orbit other currencies must be falling to offset that ballistic GBP progress

And fortunately USD was one of them.....well not actually so lucky if you read my comments as GBP was picking up steam....go back and read how I comment on what I think the Tag is gonna do re falling more if Dow rises again......and it obliged

N

 

[NVP]

Jees ..........no one will ever take us serious here now :whistling

American Football videos being played during a tense move up by the GBP with Billions of Dollars of global currencies on the line......

who cares.......we can have a good time AND make money......

lifes to Damn short anyway !

and gbp is still rising...........jees

later
N

 

[NVP]

and another touchdown folks................Comisserations to a weakish
CAD on the 5mins

if you trace the USD alongside the CAD on its journey - do you see how this wasnt much of a trade on USDCAD until near the end when usd turned north ?........thats why i hav'nt been screaming about it much

and smartass yourself if you were trading that GBPCAD move :smart:

N

 

[NVP]

ok .....i'm smelling a tag fall coming ............AUD is the buy on the breach

and assuming Dow goes north now

I cant justify the GBP buy as shes sooooooooo overbought

N

 

[NVP]

0.9977 to the big 0000

the hell
N