Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
hey all ...................well the usd held and went north for last few hours ..........
all you do is keep picking off the best currencies to sell............they will continue to "change order" and its up to you if you ride them or scalp them as tey come and go .....currency indexes cycle up and down just like pairs ..........generally on a good usd up run like this you will see at least 3-4 currencies get sold significantly at different times
that's how I scalp trade .........reaping the usd moves
longer timeframes offers more variations as I get to use all pairs
N
all you do is keep picking off the best currencies to sell............they will continue to "change order" and its up to you if you ride them or scalp them as tey come and go .....currency indexes cycle up and down just like pairs ..........generally on a good usd up run like this you will see at least 3-4 currencies get sold significantly at different times
that's how I scalp trade .........reaping the usd moves
longer timeframes offers more variations as I get to use all pairs
N
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,142
ATTENTION - newbies / others watching
go back to this thread from the start ....you will see my journey (well my teaching/sharing journey...not the first few years learning strengthmeters)
or read this thread
http://www.trade2win.com/boards/forex/179468-forex-strengthmeters-basics.html
or watch some of my videos here.. a little amateur .....but authentic
http://www.youtube.com/user/FXCORRELATOR
so below heres the 1min 20ma default below (GMT-1) it is available for free here in the links and has been downloaded thousands of times now by traders ...................
the usd is a buy on higher TF's right ?
so attack the greenback on lower TF's when it comes north above the zero .........and sell anything that is falling
heres a very recent 6 pips on the EU...........in truth I can easily take that and more as my own bespoke systems are much more highly tuned and my correlation/index pattern recognition is better based on years of experience
of course its not that simple ......but if you are trading usd pairs and scalping usd buys with the higher usd bull trend the odds ARE on your side ......right ?
you will sometimes see me curse here because I pick the wrong currency to bet on when usd moves ..............BUT generally the usd's momentum will buy me the time to get out / switch (if I want to)......I have to be doubly unlucky for the usd and the 2nd currency to reverse as I enter ..........
my size and % losers is quantum leaps better than even 2 months ago based on the daily practive ive been able to do (inbetween jobs)...scalping is damn hard ......its premier league trading but for me is aligned to my personality and offers the highest rewards as you leverage returns faster than any other form of trading .but still responsibly regarding allocations of % pot per trade
it is possible to make money trading
1) find your edge
1) practice/perfect/execute it everyday till you drop.......
N
go back to this thread from the start ....you will see my journey (well my teaching/sharing journey...not the first few years learning strengthmeters)
or read this thread
http://www.trade2win.com/boards/forex/179468-forex-strengthmeters-basics.html
or watch some of my videos here.. a little amateur .....but authentic
http://www.youtube.com/user/FXCORRELATOR
so below heres the 1min 20ma default below (GMT-1) it is available for free here in the links and has been downloaded thousands of times now by traders ...................
the usd is a buy on higher TF's right ?
so attack the greenback on lower TF's when it comes north above the zero .........and sell anything that is falling
heres a very recent 6 pips on the EU...........in truth I can easily take that and more as my own bespoke systems are much more highly tuned and my correlation/index pattern recognition is better based on years of experience
of course its not that simple ......but if you are trading usd pairs and scalping usd buys with the higher usd bull trend the odds ARE on your side ......right ?
you will sometimes see me curse here because I pick the wrong currency to bet on when usd moves ..............BUT generally the usd's momentum will buy me the time to get out / switch (if I want to)......I have to be doubly unlucky for the usd and the 2nd currency to reverse as I enter ..........
my size and % losers is quantum leaps better than even 2 months ago based on the daily practive ive been able to do (inbetween jobs)...scalping is damn hard ......its premier league trading but for me is aligned to my personality and offers the highest rewards as you leverage returns faster than any other form of trading .but still responsibly regarding allocations of % pot per trade
it is possible to make money trading
1) find your edge
1) practice/perfect/execute it everyday till you drop.......
N
Attachments
Last edited:
