Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

as i leave the CAD is the bull buy (extended now) and the Euro is the Sell ............all others are inbetween and just observers

put the FXCorrelator on a 5min and you can see why ...and you can see why perhaps this party may end on them soon............so dont get involved unless you know what you are doing .......:smart:

regards
N

 

[NVP]

hey all

old Draghi loves a speech eh ?...........euro was like a yoyo .......up and then fast down

spare me ..........what a farce

N

 

[NVP]

News is the gasoline of FX Trading ............you will have a nice steady G8 on a low burn ............and then along comes some news ............. and a gallon of gasoline gets poured on the flames !!

Trading news ?............depends how I feel on the day ..........generally I avoid the currency concerned during that period ..........trading is hard enough already ..........why gamble ?

later
N

 

[NVP]

not gonna gettime to come to the table again tonight ..........

looking at the charts :-

Cad looks like the continued buy + watch the euro , its also coming north

USD falling south alongside the yen ....

the dynamics of the G8 can change in a few minutes but thats what I would be watching right now for scalps

good hunting
N

 

[NVP]

jees the cad is sooooooo overbought...............or is it ?

later
N

 

[NVP]

cad overbought ?

heres the 5min on 20ma indicator

count the number of currencies above the Zero ...............

yep thats over bought

N

 

[NVP]

stand by ......i've got 20 mins to scalp before my frst meeting ...firing up systems

 

[NVP]

damn cloud is slow.............c'mon !!!

 

[NVP]

heres what I see

Sells EURO and AUD
Buys NZD & USD

so I am currentyl hovering on those sells into USD

this will not be that clear on my usual charts here ............

will call a trade if I see it but remember I WILL trade first and post second

N

 

[NVP]

yens gone buy as well

 

[NVP]

GBP gone buy as well ............yes its fast in this scalp world !

 

[NVP]

looking at UsdCAD buy above 628

 

[NVP]

sorry 827....eys bad !!!

 

[NVP]

buy UCAd 828

 

[NVP]

out at 827...........dont like it

 

[NVP]

out at 827...........dont like it

 

[NVP]

out at 827 as didnt like ......

JEES T2win is freezing "!!!

 

[NVP]

this is crazy ..I cant post and trade with this delay

 

[NVP]

buy Ucad again 829

 

[NVP]

CADS fine ...its th eUSD i'm worried about