hey all
we are 300,000 views up on this thread now and rising - heres to half a million by xmas !
A big thanks to contributors past and present ....and to everyone who has bothered to eyeball this thread
what I do is not rocket science or mumbo jumbo and a lot of traders are doing it without realising anyway
1) I wait for the dow to show a directional bias (risk on / off)
2) I wait for the usd and yen to be in partnership in the opposite bias
3) I trade the currencies against these dudes who are showing the biggest divergences
simple ?.....well mostly
sure theres plenty of complications and rules if you want to make things more interesting...... and its in our human DNA to ALWAYS make things more difficult for ourselves to justify our intelligence and status with others.....but its up to you
me ?
well I look at a DJ30 chart and say up or down? (up in 4hr charts below)
then I say Yen and USD .....up or down ? (green and yellow lines mainly down in chart below - its my free fxcorrelator indicator available here or at FXCorrelator.com)
then I say - ok those dudes are going in opposite directions so I will BUY any currency(s) that are diverging away (up) from the USD and YEN big time...
tell me the colour lines I have been buying as pair trades to Yen and USD in last few months :smart:
(hint its blue and its also the big trader "sell" prediction for 2012 - tee hee )
Thanks again all ......and big respect to T2W :clap:
NVP (Neil)
PS and a big thanks to everyone asking about my business partner and friend sylvie - she is feeling much better and gaining her strength again.......now where is that list of jobs ?