Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

Wow it actually looks pretty good, with an indicator which alerts you whether a currency is above/below the YEN/USD it would be brilliant..
I know someone made a 3 ducks indicators which alerts traders if the currency is above the 60sma in all charts, that would really help here ..

F

hey F

As I have said earlier - thats the 3 ducks thread and territory so I will not tread the same ground as Andy's great work

i'm sure there are indicators already built so I would recommend you go onto the 3 duck threads
( hes not just at t2w remember) and investigate further

Andy is a pragmatic trader who keeps it real....so dont rush off and add to many bells and whistles please

N

 

[FaizanKauser]

Not many signals on the 8020 system for me
I think I should just stop right about now, and trade a bit later.. Dow's not doing great either.

F

 

[NVP]

heres the action ...........momentum has slowed now awaiting the Dow opening

let it all settle down first :smart:

N

 

[NVP]

So dow fancies a little bounce eh ?

 

[FaizanKauser]

I spoke a bit too soon.. USD/YEN crossed below the 0.. and buying opportunities for GBP EUR and my favourite NZD...

Too bad I went to the shop and missed the opportunites .. Oh the frustration

F

 

[NVP]

we just need it to hold now on small retrace , and then push up through the 11350 mark for confirmed change in direction

 

[NVP]

I spoke a bit too soon.. USD/YEN crossed below the 0.. and buying opportunities for GBP EUR and my favourite NZD...

Too bad I went to the shop.. Oh the frustration

F

yens not below its 80ma Zero F .....patience

11350 is my target price to start trading the direction change :smart:

 

[FaizanKauser]

Dows rising, yen doesn't want to come past it's 0 just yet...

F

 

[NVP]

let DOW take its time to settle ......and it may even decide to resume falling again

dont get hung out to dry

N

 

[FaizanKauser]

yens not below its 80ma Zero F .....patience

11350 is my target price to start trading the direction change :smart:

Patience is key :smart:

F

 

[NVP]

switch to higher ma to get perspective

try to see key support resistance levels and what Currency has cleanest move without reistance points :smart:

what do yuo see ?

N

 

[FaizanKauser]

let DOW take its time to settle ......and it may even decide to resume falling again

dont get hung out to dry

N

Dows rising ever so slightly

 

[FaizanKauser]

Wow the 500 ma is actually pretty good :O

F

 

[NVP]

aside from a fast target trade see what I will need to see
for a more extended longer entry on the 4 possibles ?

N

 

[NVP]

the gbp has breached up on the 500 chart but I have no confirmation on the 80/20

shame
N

 

[FaizanKauser]

aside from a fast target trade see what I will need to see
for a more extended longer entry on the 4 possibles ?

N

Yeah those resistance lines help a lot, I guess a lot of technical analysis can be implemented into this system

Once the Dow's past it's 80ma, the yen/usd should drop right?

f

 

[NVP]

steady .........

 

[NVP]

steady..........

 

[NVP]

Yeah those resistance lines help a lot, I guess a lot of technical analysis can be implemented into this system

Once the Dow's past it's 80ma, the yen/usd should drop right?

f

in theory - yes

 

[NVP]

AUD is in

call it 1.0431

N