Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

I hate it when a currency starts to dominate the plays.......takes a while for things to settle down again re correlations

and it depends if you were on it as well when the explosion happened.........

(usually not) hahahahaha

N

 

[NVP]

hey all...............back again

sloooooooow at the moment..a nice dow push up is not seeing significant reactions in the Yen and Dollar (re falling) so I have nothing really on my charts to trade with

a little Cheeky Cad selling into the USD is happening but not suported by the signals above

GBP spoiled it all earlier..........

N

 

[NVP]

and as I watch the GBP may be going north again..........c'mon USd fall a little

 

[NVP]

A/U may be good for 10 pips north or so if the dow now continues north and that USD weakness is supported now by the yen....

c'mon !
N

 

[NVP]

confused ???

I am.................

back later
N

 

[NVP]

morning action...youve been warned about the yen now......

 

[NVP]

and being tested already...ok i'm going ot have to wait an eternity for the dow to get below the 3 SMA's ..........but as I always say i'm prepared to bend rules if the trade looks right

so if the Dow breaks south and i like something selling into a rising TAg i'll trade it

N

 

[NVP]

can you see now how the Euro and the GBP are teasing us to sell them ?

 

[NVP]

ok E/U sell is on stream............E/J may be better as the Yen is strong

beware the Euro has travelled now so it may retrace a tad.......

 

[NVP]

in fact the european currencies are all falling now

 

[NVP]

bounce back up off the 80 sma Dow30 sends buys up on A/U and G/U

boy shes twitchy now
N

 

[NVP]

tag are fully south now

 

[NVP]

20 pips on that last E/U 5 minbar north..............jees

 

[NVP]

aus, Eur and GBP are piling north off tag falls ....dow climbing

 

[NVP]

jees ...Aussie D is shifting rubber

 

[NVP]

Dow hesitating now..........watch the retraces

 

[NVP]

Aussie D is at a fairly large Resistance point / Ceiling now based on the last few days

if it breaches then it should get some real acceleration and go for a touchdown to the overbought line

(NO NO NO - forget the videos NVP)

seriously though the overbought/sold touchdowns are mainly the domain of the more Volatile G8 members......Yen and GBP spring to mind primarily

but rules are there to be broken....always !

N

 

[NVP]

thisis nice correlation and tag are holding south...........so whos gonna charge north
again in the g6 ?

 

[NVP]

hmmm NZD......and I dont like trading that .....

 

[NVP]

better still .....here comes the GBP again north...........CHARGE !!!