Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

yeooch ..........the gbp just retraced hard......trading the gbp needs asbestos gloves

AUD is holding .....c'mon
N

 

[NVP]

hmmm tag retracing south off of a falling dow.....messy messy messy

 

[NVP]

buying E/U is tempting ..........but we need to ignore most rules we play by

 

[NVP]

jees more meeting now..later
N

 

[NVP]

G/U sell is back in the chair (1.6095 ish).....c'mon dow FALL !!!!

 

[NVP]

you can play a tight stop around 6103 as well !!

 

[NVP]

if dow moves above 12150 you are dead and get out ........However the stop will be hit as this happens so you wont get the opportuity to bail - you have been warned.....

 

[NVP]

dammit ..gotta go ............rules hold above

good trading
N

 

[Petar_Serbia]

Hello coleration traders

I got some time and i want post one chat.I have Cable trade currenlty +100 pips and trade is at at be,expext GBP to test very good projection

I was bery busy these week but i am here


Cheers

Petar

 

[NVP]

Hello coleration traders

I got some time and i want post one chat.I have Cable trade currenlty +100 pips and trade is at at be,expext GBP to test very good projection

I was bery busy these week but i am here


Cheers

Petar

hey Petar....welcome back

interestingly i'm calling a reversal trade on the same current information (Sell Tag team) see here.........i'm not saying that GBP wont dump ...i'm just saying I predict the tag to as well leaving minimal pippage on that combo.....

http://www.trade2win.com/boards/for...g-basic-ideas-strategies-718.html#post1417852

lets see what happens !
N

 

[NVP]

and before anyone comments i've just reloaded my charts and seen the latest on the 1 hrs

ouch...............nice tag correlation......but they went up despite the dow still climbing fast

nice call from Petar and he whipped my sorry assssss

N

 

[NVP]

Ironically i've also just realised that I was calling a G/U sell (like Petar)on the 5 mins before i dissapeared to meetings........

the very very tight S/L got brushed (but not before 10 pips or so were delivered)

then if you ignored the Dow and simply took buy tag signals and sell G6 on the 5mins there were easily
50 pips+ on that G/U trade that followed...........

hey - i'm right on the 5mins and wrong on the 1hr !!!

(now run away NVP.....they may have bought the story)..... jees
N

 

[NVP]

hey all

been a long day in the ole cotton fields at work so callin it a day now.....

here was the action (or lack of it if you were a purist signal
corrie fan ) - see chart attached

if the guys dont play nicely I may junk the Dow / Tag corrleation rules

hey....they're more Guidelines than a code really :cheesy:

N

 

[NVP]

hey all


slooooooowish overnights.......could be a good london session then

N

 

[NVP]

off to work.............later

 

[NVP]

slow at the moment on 5mins..........nice cheeky buy on GBP around 8.20am when tag/dow Correlated and at this moment the Aussie D is falling (with the dow) but We need the tag to go north really.....

N

 

[NVP]

heres the touchdown scores for last few days.........

GBP scored 1 yesterday and flat today so far

as I discussed last week and as Tom Yeoman also preaches.....those touchdowns have a habit off retracing nicely as they are over sold/bought vs other G7

dont count on it though as all this stuff is stilll Fuzzymentals (thks M )

personally (unless I saw my other core correlations aligned) I wouldnt retrace trade these touchdown currencies on the fact that they are JUST overbought or oversold.....the markets are just tooo tricky for that kind of simple logic

All I would use it for is a signal to tighten stops as the currency is in a Zone it will not sustain for a long period......(especially the volaitle dudes like GBP,CAD and Yen).......thats it

even on the example below see how the Euro and the Aussie D "Hang" whereas the dudes above mentioned (GBP and CAD) are like lightening strikes in and out :smart:

N

 

[NVP]

damn shame on the 80ma / 20ma settings

the AussieD has had a recent sweet sweet Sell session on the A/U (with a falling Dow) but the yen has stayed south preventing a pure corrie signal

in fact it flicked sweet around 7.45 and would have killed you on the retrace....so nothings perfect !

DAMN !!!!

N

 

[NVP]

the yen is very weak this morning..........beware a retracing/rising Dow as it will really dump then

 

[NVP]

here it comes ....look for the strong G6's