Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

eternal traders dilema ............I though I was too late so didnt get in .........then watch the trade continue to move into profit

N

 

[NVP]

watching a G/U SELL below 6959....yes SELL

 

[NVP]

hmmmmmmmm

yen and USD sells rule the roost on lower TF's

Euro is the buy but as already discussed i'm very nervous of chasing a further 5-8 pips until we gat a little retracing on those pairs

N

 

[NVP]

watching N/U sell below 8664

 

[NVP]

saddle up... I like the dynamics here..........

 

[NVP]

ready ?

 

[NVP]

G/U sell may be ready as well 6959 sells

 

[NVP]

usd and yen are deffinately retracing ..............I have GBP , NZD and AUD in the frame to sell

 

[NVP]

NZD is in trade

 

[NVP]

8668 will be my out ..........lets see

 

[NVP]

hm............frustrating ............I was aggressive (as usual)....couple of pips down at moment

 

[NVP]

I chose NZD instead of AUD as it moves faster normally

 

[NVP]

dont even go there on E/J ........ 141.77 for christs sake !!!

 

[NVP]

jees this is slooooooooow........

 

[NVP]

ok I only had about 15mins to play with but I hope you saw the kind of things going through my head and the challenges of part time trading

1) I saw a trade on E/J that for me had already left the station ...........but it is still going !! ............I am not upset as I wanted a retrace to let me back in and it never came ......such is life ....move on and dont get upset ........I have lost nothing

2) I then waited for a retrace of USD and YEN ..........patience is needed

3) I found the move ..........N/U sell.........aim for 5-8 pips

and there we leave it ..........i have to go but heres the position as i leave ....move to b/e and walk away for a while as busy elsewhere

thats the fun of p/t trading

later all !!
N

 

[NVP]

last call ......I may just take a few pips here and walk

later
N

 

[NVP]

taken

later
N

 

[csc2009]

hey C

just read the links in the signature area and watch a few of my recent videos on youtube ............... (FXCorrelator)

you will get the flavour ..........and then ask any questions here .......also if you dial into FXCorrelator.com (WIP domain) it currently sends you to the other main thread here where I continue to teach the real basics ..............

all WIP as I am not a professional vendor or trainer and everything here is given for free/gratis

N :smart:

Thank you, video time then!

 

[NVP]

dont get to excited C ...............those videos are pretty old and basic .....but they get the main point across ..........

no oscars for me probably

N

 

[NVP]

hmmmmmmmm

yen and USD sells rule the roost on lower TF's

Euro is the buy but as already discussed i'm very nervous of chasing a further 5-8 pips until we gat a little retracing on those pairs

N

see this quote from earlier ?.....it was pretty much my first heads up reading the market ...............

I actually was then naughty and sold N/U for a scalp - despite saying here in print that USD was a sell......but i only had 15 minutes to trade and took what was on the table .........(this is soooo wrong as a strategy - dont go there without a lot of practice and belief in what you and your systems can do ..... )

anyway thats me ...........I made some money in just 15 minutes screentime.....and I am trading off my own bespoke/customised charts so dont lose sleep over it ...........I do ok !!

looking at the market now the calls above are still holding true.........and E/J hit 142.00 !! .......jesus and I was hesitant to enter that in the 141. 60's ...........(see earlier posts)...........

just goes to show what the market can do :smart:.....so never underestimate it !!!

later
N