Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

back in action for a while actually....

Dow getting slammed and Yen and USD obliging with normal rules

Euro is the fall guy so far

N

 

[NVP]

mornin all......

well well........November starts after a wild and crazy october

the left chart 4hr shows our almost total absence of decent correlated signals for October

(FXCORRELATOR RULES)
Dow >20ma = Yen & USD Down
Dow < 20ma = Yen & USD up

so lets hope november improves

meanwhile the 1hr signals (right chart) show us the Dow below its 20ma line but neither USD or Yen show much interest in getting above the Zero buy line ....although yesterday had some good signals in the early asian session selling USD and Yen

not surprising really - with the East Coast of the USA in chaos and some 5 days from an election it makes US Equities rudderless and shows that the rest of thre world really do take the lead from uncle sam......

take your signals as they come on the 15m and 5m today .....theres not much on the higher TF's to use as guides at the moment

have a good day :smart:
NVP

 

[NVP]

easy easy scalps selling the E/U at the moment

 

[NVP]

looking at higher TF's

what can I say ?.....you can see (left 4h chart) that the Dow is sitting in the middle of those S/R levels.....so i need a little more momentum from the 1hrs to persuade me to take a bias...

only thing of interest is the GBP...........Flying !!

N

 

[NVP]

Wall of Yen & USD Sells in the last 2 hours or so

hope you bagged some Euro buys...its been the most consistent performer above the 20ma's
using the 5mins as well as a guide

thks
N

 

[NVP]

wildcard thought......the G/U could pop up nicely now for 10-15 pips ......its oversold

 

[NVP]

in at 6153

 

[NVP]

take 6161 as T1 ....

 

[NVP]

not surte if ot will make it as the dow is about to hit a resistance level

so tightened to b/e already

 

[NVP]

here i am

 

[NVP]

taking 6159

 

[NVP]

if dow breaches that 13,100 level then I bite again ....

 

[NVP]

yep thats how fast I roll when scalping .....

 

[NVP]

if youve noticed the E/U and A/U buys still doing well......I just figured G/U was due a fast rebound

 

[NVP]

ive gotta go to meetings .....but it looks like a little more in that sell USD and Yen tank so watch the G/U ......it has the highest potential capacity to move up fast if Dow blows the 13,100 levels

later
N

 

[NVP]

as I leave you I see that the GBP really is not having any of that move up ....

may be that Euro remains the solid buy play

if you call 5min charts solid !!

Bon chance
n

 

[NVP]

buy G/U 1.6156

 

[NVP]

dammit.......come on ......this is a peach if it comes up

 

[NVP]

give it 10 pips play room....that was a marginal call ......thought dow was off on a run up there from the blocks ....

 

[NVP]

6145 and say adieu to it .....