Best Thread Correlation Trading - Basic Ideas and Strategies
Forexmospherian
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Hi N
Just after Midday UK time at 12 02 to 12 10pm seemed to be the change point on the scalps
It might be just for a rest before next news due out at 1 30pm and then also the 3 00 pm one
Cannot see any more interim highs or lows after this time change - so will await now to see what happens next
Regards
F
Just after Midday UK time at 12 02 to 12 10pm seemed to be the change point on the scalps
It might be just for a rest before next news due out at 1 30pm and then also the 3 00 pm one
Cannot see any more interim highs or lows after this time change - so will await now to see what happens next
Regards
F
NVP
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hey all ................sorry got tied up in meetings
ok re above ............in truth only the Euro and the CHF have seen some falls and the USD is not exactly flying north........ as yet ...........
but pips were possible on the scalping front over last few hours
later
N
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NVP
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yes yes yes ...........technically on that 1 hr TF chart 20ma I shouldnt be even thinking about buying USD until it gets above the Zero :innocent:
but call it intuition ........there had to be some retraces coming ........and hey EURO and CHF were already south of Zero indicating sells ...so thats something eh ?
later :smart:
N
but call it intuition ........there had to be some retraces coming ........and hey EURO and CHF were already south of Zero indicating sells ...so thats something eh ?
later :smart:
N
NVP
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hey all .........
heres the default 20ma setting on the 1hr TF ............on this thread I use this particular setting to indicate where I believe the opportnities are to trade faster / lower TF's
in particular I watch the USD ............its the heart of the G8 and involved in over 70% of all pairs in the G8 (correct me if i'm wrong - thats old data)
this means it wont be as volatile as the others - but wherever its heading I want to be on that train when I also chose my secondary currency to trade - especially on the faster TF's where I am hunting 5 pips upwards ..........the spreads are lower on USD pairs ......and every pip counts
USD eased back towards the Zero line through the night.........that doesnt mean the USD was rising dramatically .......the convergence would have had to be much quicker over the bars shown.............call it a leisurely retrace ............and now its back above the Zero and therefore bullish ..........I need more convincing as the USD can dance and dance around this area when in the mood..........and in fact if I see a volatile currency burst in either direction i will take it until the USD gives more indication
later
N:smart:
heres the default 20ma setting on the 1hr TF ............on this thread I use this particular setting to indicate where I believe the opportnities are to trade faster / lower TF's
in particular I watch the USD ............its the heart of the G8 and involved in over 70% of all pairs in the G8 (correct me if i'm wrong - thats old data)
this means it wont be as volatile as the others - but wherever its heading I want to be on that train when I also chose my secondary currency to trade - especially on the faster TF's where I am hunting 5 pips upwards ..........the spreads are lower on USD pairs ......and every pip counts
USD eased back towards the Zero line through the night.........that doesnt mean the USD was rising dramatically .......the convergence would have had to be much quicker over the bars shown.............call it a leisurely retrace ............and now its back above the Zero and therefore bullish ..........I need more convincing as the USD can dance and dance around this area when in the mood..........and in fact if I see a volatile currency burst in either direction i will take it until the USD gives more indication
later
N:smart:
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