Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

I want dow futures above 12500......G/U is bleeding north tempting me .....

 

[NVP]

above 1.5512 im in G/U ....the dow is on 3rd green bar and rising on 5mins

 

[NVP]

in......

 

[NVP]

again this is a highly aggressive scalp trade....the higher TF's are neutral so I am really tenuous here ..... and GAMBLING on a very early retrace north on the dow .....

 

[NVP]

and please please realise I am using my own bespoke systems and indicators on this trade that are derivatives of th 20ma systems below but not the same by a mile.....so dont look necessarily for this trade on whatever the system below is doing

 

[NVP]

tigjhten tighten....the momentum has not gone as planned..I will be stopped at b/E soon

 

[NVP]

ok...I get lucky again and am now gonna let it run up hopefully

Luck ?

1) I am on the dominently strongest 5min currency (the GBP)
2) I see a weakening of Yen and USD off a retracing Dow north
3) I trade it tight and fast

hmmmmm
N

 

[NVP]

actually my 5min 20ma setting on the Free indicator below is pretty supportive of my trade as well........

i'm chasing the GBP strength rather than to much focus on the weakness of the Yen and USD or even the strength of the Dow !

N :smart:

 

[NVP]

and the E/U is coming north as well as predicted .....the GBP trade will take a rest soon

 

[NVP]

Ok i hope you have enjoyed this realtime analysis and pips made in front of your eyes...

Tell me where else at T2W this happens ?


I am NVP..if you like what I am doing go to the Thread rating and give me a decent rating ....it will help others find this thread and have a look at what I do ....many thanks !

http://fxcorrelator.com/corrie2/
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Nvp Fxcorrelator - United Kingdom profiles | LinkedIn

later....
N

 

[NVP]

pleased with that now .....a scalp turns into a longer running trade

N

 

[NVP]

tighten or exit now on the g/u ............byeee !!

 

[NVP]

jees the GBP is a sassy one today

N

 

[NVP]

HUGE pressure on the Dow now as we go back on 1 hour sell trend..........

 

[NVP]

sell E/u this time if Dow collpases under 12,500 .

 

[NVP]

sell around 1.2552 if dow is still falling

 

[NVP]

we may get a snmall bounce first before entry.....hmmmm

 

[NVP]

struggling here ..........I've missed 10 easy pips on e/U already ......now I wait till i get below 12490 on the Dow futures

 

[NVP]

see.....my systems are very dynamic ........the price is normally not a relevant issue.... so I put a marker down as enty point....... but can then ignore it if sixth sences says NO !!!

 

[NVP]

A/U buy looking tempting.....