Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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NVP
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in my own trading I do take the simple concepts of USD/Yen/ Dow alignment a lot further to give me my signals
Multiple TF's
Multiple Ma combinations
advanced Pattern recognition for all G8 (not just Yen & Usd)
and it can be literally a lot of hours between each signal on the 15m TF's ....to either be stopped out at b/e hopefully ...or to bag a move ....possibly up to 15-20 pips max if I am lucky
thats getting real with trading ......
N
Multiple TF's
Multiple Ma combinations
advanced Pattern recognition for all G8 (not just Yen & Usd)
and it can be literally a lot of hours between each signal on the 15m TF's ....to either be stopped out at b/e hopefully ...or to bag a move ....possibly up to 15-20 pips max if I am lucky
thats getting real with trading ......
N
NVP
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the A/U is really trying to move up again right ?.......so my next wquestion is
do I try again - assuming signal still ok ...or do I wait for the next change in pattern.....
ie .....yen and USd change pattern
another currency steps in front of the AUD...which in truth is asleep now in Aussieland
thinking thinking thinking
N
do I try again - assuming signal still ok ...or do I wait for the next change in pattern.....
ie .....yen and USd change pattern
another currency steps in front of the AUD...which in truth is asleep now in Aussieland
thinking thinking thinking
N
NVP
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can you see the strategy here ?
I am trading a lot on confirmed correlation and then breaches of s/R lines on the 15m TF
I call that "front foot" trading the 15m TF ....others call it trading at "retail prices" .....
why ?
because if you look at things theres a lot of pips on the table aready before you even try to trade the signal ..........in hindsight.so we are trading well into the money
(we are buying/selling at expensive "retail" prices instead of trying to shop and warehouse prices ahead of the breach)
the E/U will have come up 20 pips already before I trade ...so i'm expecting more ?
Hmmm........thats not right is it .....or is it ?
Thinking thinking
N
I am trading a lot on confirmed correlation and then breaches of s/R lines on the 15m TF
I call that "front foot" trading the 15m TF ....others call it trading at "retail prices" .....
why ?
because if you look at things theres a lot of pips on the table aready before you even try to trade the signal ..........in hindsight.so we are trading well into the money
(we are buying/selling at expensive "retail" prices instead of trying to shop and warehouse prices ahead of the breach)
the E/U will have come up 20 pips already before I trade ...so i'm expecting more ?
Hmmm........thats not right is it .....or is it ?
Thinking thinking
N
NVP
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i'm just trying to show how its never easy to trade....
and each level of knowledge you get to on your approach / edge .....just opens up more doors to the next level of challenges !
and remember these are not distinct levels like a stupid video game ....each challenge may send you back down to prevous assumptions and rules you set way back !!
do not pass go - do not collect £200....
the day any trader sits back and says their system is perfect is the day they stop winning in the long term
N
and each level of knowledge you get to on your approach / edge .....just opens up more doors to the next level of challenges !
and remember these are not distinct levels like a stupid video game ....each challenge may send you back down to prevous assumptions and rules you set way back !!
do not pass go - do not collect £200....
the day any trader sits back and says their system is perfect is the day they stop winning in the long term
N
