Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

if Dow clears the 13,300

my bets are buying GBPUSD and XAU/USD (subject to indicator signals of course !)

N

 

[NVP]

Dow has exploded.........I would look to AUD and poss GBP buys .....

gold has not responded as I wanted - so far

N

 

[NVP]

ideally wait for closing bar confirmation ....but the hell........I liked the momentum of the move

if it fails .......mea culpa

N

 

[NVP]

stand by .....here comes the retrace / challenge on taking the buy trades....

inevitable and gut wrenching ......!

NVP

 

[NVP]

In Trading you cannot win sometimes re timing

you're damned if you do and damned if you dont !

Late entry into trend trend on you
Early Entry into Trend turns on you

and also hesitate to much .....and watch the trade dissapear into the distance....!

N

 

[NVP]

here I am under pressure on my entries ..........

will it hold ?

should I have waited a little for the Retrace.....

why enter on G/U so close to 1.6o ....?

blah blah blah.........

do it and wear it............such is life

lets see

N

 

[NVP]

Many good traders would have told me to wait for the Wholesale price on G/U and A/U as they retraced back a little....

but what if they had gone ballistic off the breach ?....especially the volatile GBP ?

you just have to work out what you are doing and go for it

N

 

[NVP]

time will tell...........later all

N

 

[NVP]

CADs rolling north as well.....

 

[NVP]

I got in around 1.5990 on G/U and would tighten now to not give any real pips away

 

[NVP]

same on A/U .around 1.3555 ....tighten

 

[NVP]

good luck all.....gotta scoot for a while elsewhere

 

[NVP]

rollin rollin rollin.....

 

[NVP]

back again ....

jees hard work eh !

I have to go to some meetings so am going to tighten up stops and let my trades roll a little ...........

anyway have a good evening..........and I hope you found the comments useful this afternoon :smart:

N

 

[NVP]

well I got my Dow fall in the end.....

Dow Falters ! |FXCORRELATOR

 

[NVP]

hey all

well well.....the Dow faltered finally in the US afternoon session as I was hoping...and I finally got some euro sells....

not rocket science really.....Dow is back in the heady levels of 2007 valuations ...and due to what ?

can you really turn around honestly and say the last 5 years have been a world of Economic success and prosperity in the world ?

Nope............cheap Cash my friends cheap cash...and that dog may well be hunting again but its effects will get less and less effective as the people of the world learn (well before politicians want them to) that its time to bite the bullet on this insanity......

Deja vue all over again then !...and I'm staying on Dow sells still and hunting the rise of the yen an USD today

NVP

 

[NVP]

heres Gold....but see my Goldmeter thread for more information

and find all my free indicators in the signature area at the bottom of this post

Gold 15m TF|FXCORRELATOR

 

[NVP]

Hi NVP. I see you are still using the correlator indicator. Do you have a version which shows exotics like TRY, ZAR, NOK, SEK etc. Basically all the currencies available in mt4 instead of just the majors?

hey A-Game

check out my Exotics indicator below.....:smart:

N

 

[NVP]

jees i love the markets.....

look at that Dow futures making me eat my words perhaps.....

Key resistance level on dow getting attacked .....if it breaches then its an extended bout of selling the USD and YEN ?

N

 

[NVP]

Euro and GBP are probably the buys here......AUD will track behind them