Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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the Shorts are filling up .......
I was mentioning an article earlier on in FT.....
http://www.trade2win.com/boards/for...g-basic-ideas-strategies-185.html#post1051678
jees I bet those euroshorts are filling up with the ole squidgy stuff at the moment :whistling
(assuming its USD on other side)
always trade what you see and not what you think or read......
N
I was mentioning an article earlier on in FT.....
http://www.trade2win.com/boards/for...g-basic-ideas-strategies-185.html#post1051678
jees I bet those euroshorts are filling up with the ole squidgy stuff at the moment :whistling
(assuming its USD on other side)
always trade what you see and not what you think or read......
N
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NVP
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Yen strength ?
we are seeing yen generally flat/rising in last few hours......
BUT it should be falling according to the mighty Dow........?
thats a very bullish Yen out there folks just waiting for some market falls to propell it skywards....
and where Yen goes USd can follow......hmmmmm
N
we are seeing yen generally flat/rising in last few hours......
BUT it should be falling according to the mighty Dow........?
thats a very bullish Yen out there folks just waiting for some market falls to propell it skywards....
and where Yen goes USd can follow......hmmmmm
N
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NVP
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mornin.......
markets fell a little overnight.......gold futures already pushing back up though
Tag retraced up (naturally)......but already trying to start falling again...
GBP pretty impervious to it all thru the wee hours with only Euro playing the perfect correlation to tag and markets....(notice how E/U has crossed its 20ma/50ma like the nikkei and the Dow ws30 has ...whereas G/U hasnt......just that bit closer to overall market action)
anyway watch the 15m 7am bar action - but more importantly watch the breaches of the overnights........on that 5m 1000/1 corrie......and remember that Euro and GBP aren't in harmony so far.....so some E/G trading could be on he cards as well
bring it on .....bring it on.....
N
markets fell a little overnight.......gold futures already pushing back up though
Tag retraced up (naturally)......but already trying to start falling again...
GBP pretty impervious to it all thru the wee hours with only Euro playing the perfect correlation to tag and markets....(notice how E/U has crossed its 20ma/50ma like the nikkei and the Dow ws30 has ...whereas G/U hasnt......just that bit closer to overall market action)
anyway watch the 15m 7am bar action - but more importantly watch the breaches of the overnights........on that 5m 1000/1 corrie......and remember that Euro and GBP aren't in harmony so far.....so some E/G trading could be on he cards as well
bring it on .....bring it on.....
N
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NVP
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longer term market view....
heres a 4h 1000/1 market index corrie....
tag as usual.....the rest are commodities and equities....gold is gold and grey is the dow
See how gold and then the Dow gave early indications in jan (by falling) that tag was going to fly up ?
an look at 4th feb and diversity of the dow/gold verses Ftse/Dax and crude oil....what was that about ?.......a superb convergence trade if we understood these dynamics
and now we see them below the others and starting to dip downwards again ?......but ftse/dax/crude still going north ????
I am still a novice on all of this......but I can see that perhaps these indicators/signals could allow trading the markets independently as well as alongside the forex as more exotic cocktails/basket plays....but 1 step at a time :whistling
anyone care to pitch in with observaions / comments ?
I am a novice at all of this and use this and more other focused indicators in my more private work....although thats about 10 mins a week at the moment !
but with obsevation and experience it will gradualy take shape for me and help my trading career when it (eventually) starts again....
Neil
NVP
heres a 4h 1000/1 market index corrie....
tag as usual.....the rest are commodities and equities....gold is gold and grey is the dow
See how gold and then the Dow gave early indications in jan (by falling) that tag was going to fly up ?
an look at 4th feb and diversity of the dow/gold verses Ftse/Dax and crude oil....what was that about ?.......a superb convergence trade if we understood these dynamics
and now we see them below the others and starting to dip downwards again ?......but ftse/dax/crude still going north ????
I am still a novice on all of this......but I can see that perhaps these indicators/signals could allow trading the markets independently as well as alongside the forex as more exotic cocktails/basket plays....but 1 step at a time :whistling
anyone care to pitch in with observaions / comments ?
I am a novice at all of this and use this and more other focused indicators in my more private work....although thats about 10 mins a week at the moment !
but with obsevation and experience it will gradualy take shape for me and help my trading career when it (eventually
) starts again.... Neil
NVP
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jrplimited
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Hi N and whoever,
After yesterday's dramatic moves I thought today would be quiet.... Hmmm, so thats "thinking" now crossed off my list of helpful tools for trading then!
GU; Took awhile for price to decide what to do and initially looked like gettting ready for a short but didnt give any setups. Eventually it moved up and long trade entered on 08:45 bar at 56823, did nothing for three bars then popped up on 09:00 bar to start a good upwards trend, pausing only around 09:25 (some sort of news release?) for a breather. Long tailed 10:15 bar tripped my TS for 53 pip profit - at that amount I always stop trading on a pair, but I didnt! Second trade entered short on 11:10 bar at 56606 and got caught out as momentum completely dried up. Time was ticking against me and on 12:00 bar I exited for a lucky escape 3 pip profit - follow the rules stupid!
EU; 08:10 bar only just gave me a short flag so trade entered on 08:15 bar at 37557 and price moved up for two bars then came down again and found support, bumped along this for three bars then trundled off north. Had SL hit during 09:20 bar for 18 pip loss. Second trade entered long on open 09:25 bar and that naughty price went into a shallow retrace for a few bars before popping up then doing anothar small retrace and shooting skywards on that big 10:05 bar. Visit to the stars was short lived and by the time I had pulled TS to around half of the big up bar 10:10 bar took it out rapidly for 14 pip profit. Didnt try anything else after that trade due to spike bar.
EG; Price drifted around to start off with then 08:30 move down created a short setup for me. Sell stop entered at 87668 and small 09:05 bar filled this just as momentume left the building! Price did nothing for some time then picked up a little steam to move south which allowed me to set TS ready to follow down but this got taken out during 10:30 up bar for 2 pip profit. Second trade had to wait until 11:05 bar close before long entered at 88027, price moved up for two bars then rolled over into shallow decline and I exited at midday for 1 pip loss - exactly one bar to early as price popped up after this! There is timing for you.
Could prove to be a tricky afternoon so be careful - trade well and regards,
Simon.
After yesterday's dramatic moves I thought today would be quiet.... Hmmm, so thats "thinking" now crossed off my list of helpful tools for trading then!
GU; Took awhile for price to decide what to do and initially looked like gettting ready for a short but didnt give any setups. Eventually it moved up and long trade entered on 08:45 bar at 56823, did nothing for three bars then popped up on 09:00 bar to start a good upwards trend, pausing only around 09:25 (some sort of news release?) for a breather. Long tailed 10:15 bar tripped my TS for 53 pip profit - at that amount I always stop trading on a pair, but I didnt! Second trade entered short on 11:10 bar at 56606 and got caught out as momentum completely dried up. Time was ticking against me and on 12:00 bar I exited for a lucky escape 3 pip profit - follow the rules stupid!
EU; 08:10 bar only just gave me a short flag so trade entered on 08:15 bar at 37557 and price moved up for two bars then came down again and found support, bumped along this for three bars then trundled off north. Had SL hit during 09:20 bar for 18 pip loss. Second trade entered long on open 09:25 bar and that naughty price went into a shallow retrace for a few bars before popping up then doing anothar small retrace and shooting skywards on that big 10:05 bar. Visit to the stars was short lived and by the time I had pulled TS to around half of the big up bar 10:10 bar took it out rapidly for 14 pip profit. Didnt try anything else after that trade due to spike bar.
EG; Price drifted around to start off with then 08:30 move down created a short setup for me. Sell stop entered at 87668 and small 09:05 bar filled this just as momentume left the building! Price did nothing for some time then picked up a little steam to move south which allowed me to set TS ready to follow down but this got taken out during 10:30 up bar for 2 pip profit. Second trade had to wait until 11:05 bar close before long entered at 88027, price moved up for two bars then rolled over into shallow decline and I exited at midday for 1 pip loss - exactly one bar to early as price popped up after this! There is timing for you.
Could prove to be a tricky afternoon so be careful - trade well and regards,
Simon.
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NVP
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busiest day for a while i see simon and you bagged your half century - Excellent
sorry all i am stuffed at work - will try to post something later.......
N
