Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

got to come out at 7102...b/e really

ok later ..need to run some chores

N

 

[NVP]

just turning off..............

jees ..........I just came out ..........can you believe it ?

welcome to pro trading nvp

later
N

 

[NVP]

news burst naturally...so really being out was safer

 

[NVP]

hey all.........chores are a pain

I see that usd switched back in to sell moved about 45 mins back now ..............Europeans are dominating (chf not shown)

when will it turn off ?................

how do I know .............??............and just a hint .......don't believe the replicant strengthmeter traders all out there running videos and telling you to make money fading trades ........

boy does that hurt most of the time.............in my humble opinion ........I was doing that years ago on this thread (search for convergence in thread)..........its not bad ...........but can catch you real real bad if you call too early on the wrong currencies ........some are meaner than others on the convergence play

i'm calling trend plays here at moment due to market conditions

N

 

[NVP]

still getting emails and best wishes for my potential switch to pro trading .......

thanks guy ...........even after 14 years of playing my systems i'm still a novice if I go full time pro..............so it will be slowly dipping toe in as I go

thanks again for kind messages
N

 

[NVP]

on my bespoke system now under testing......

I have been on USD, yen and even NZD sells over last 2 hrs ........ buys have been the problem ......Aud has been fading since the Asian session ......so I am on the EUR mainly ....:smart:



N

the nzd has been a net sell for a long time ..........but naturally with usd south as well that pair don't deliver the cookies ..........

strengthmeter trading puts you on the diverging pairs .......and keeps you out of the flatliners .......always

what do you want to do .......sell for 12 pips or buy for 40 pips ?............

a little unfair though as that g/u move was on news and impossible to call

N

 

[NVP]

7130 on gu and its faded a little ...........hmmmmmmm

 

[NVP]

usdcad..........

if usd fades (finally) I like that as a buy ........its cheapish at 0664

 

[NVP]

7130 on gu and its faded a little ...........hmmmmmmm

7131..........hmmmmmm

 

[NVP]

usd is flattening / net buy......now i'm hunting sells ..........aussie pairs are already there...........otherwise we trade fading Europeans

 

[NVP]

buy usdcad

 

[NVP]

0666...............I am fading usd into a retracing cad ...........

hopefully
N

 

[NVP]

2-3 pips up..............c'mon

i'm not trying to be a hero here

N

 

[NVP]

locking in small profits now......

 

[NVP]

take 68 as need to scoot somewhere

 

[NVP]

this could go on for 50 pips or stop out .....who knows ?

later
N

 

[NVP]

my gameplan is simple.........

a defensive trading style that gives 1-2 pips away maximum on any scalp trade

and I then try to ride a big one if I see it

N

 

[NVP]

gu is still 7130's..........tempting as a buy......

 

[NVP]

ok .......usd is now as flat as a pancake............so any pips I try to make will all be all off of the secondary currency...........that's 50% harder than using the usd in trend

so .....later all !

 

[NVP]

i may regret ignoring the g/u buy at 32 but such is life