Best Thread Correlation Trading - Basic Ideas and Strategies

nope..............not yet...........got to really scoot now for a while..i was hanging for a gu retrace.........not coming
 
usd nearly now back at highs of Asian session..........a nice return of serve !
 
FXWorx said:
P do you use 3 min for your scalp bias - ie scalp short below x buys above y
Click to expand...

I use 1min and 5min charts ...........for scalping

alongside my detailed analysis of the usd index (and individual G7 currencies) I am always looking for trend confirmation from paricharts based on atr / established ranges of pippage...

eg one of my initial faults in scalping was I chased trends up and down in too tight a range........now generally (and dependent on pair) I will leave a move well alone until set numbers of pips movement up or down from high/low off previous move

eg I generally will not chase any pair that hasn't moved say 15-20 pips from prev direction

F is the master of this :smart:

but to repeat again .........its the strengthmeter dynamics that drive my decisions first and foremost

N
 
i'm going to be incredibly aggressive now ..usd is sitting on daily low

that's a bounce/buy opp

going to gun it by buying usd ...............at moment watching for best sell.......

f
 
i'm gonna push s/l at 18 and ride this ..........really feel that usd is gonna bounce now
 
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