Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

the usd has bottomed around 9.30 BST............i'm buying now slowly ......selling europeans
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[NVP]

I suppose my greatest hope is here on the GU where I will try to work more sells through to lunch....

I figure we have seen the high for GBP and the Low for usd re London session

lets see
N

 

[NVP]

10 pips so far as I attack the GU

http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4743.html#post2563384

 

[NVP]

10+ pips off the bat

N

http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4746.html#post2563490

 

[NVP]

I suppose my greatest hope is here on the GU where I will try to work more sells through to lunch....

I figure we have seen the high for GBP and the Low for usd re London session

lets see
N

not as successful as hoped so far ...GBP sells have appeared .....but usd has not really come north (yet) but other pairs have done ok

N

 

[NVP]

likewise the euro is allowing sells ..............but I am not seeing the rises hoped for on the usd

yet..............

N

 

[NVP]

much better 3o mins from the usd .........bull action

 

[NVP]

the battle continues into the us session...........I am still waiting for a decent usd bull run up...................its come toooo far on the sells

Europeans are selling as well so we still attack selling GU EU

there are better trades elsewhere but these are my core pairs

N

 

[NVP]

I may have been a little stubborn trying to buy usd off the bounce today

heres a relative of mine with the same issue

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[NVP]

heres my 8 currency indexes (available in the links area below)

I cant work with this ...........can someone unglue the blue euro , red GBP and green USD please ?

what are you all .......lovers ?

they are moving together ............that means no divergence / no scalps to trade

N

 

[NVP]

ok taking a break now .....

here been my strategy for today ................uber pips in first few hours then it went sloooow and pearshaped re any more serious pips ..........the USD/EUR/GBP correlations have been far too close and correlated more recently

later
N

 

[NVP]

hey all

well its fair to say the usd bull I was hoping for got better and better yesterday

ok lets see if/when that party ends

N

 

[NVP]

attacking the bar change buying Europeans into usd

http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4777.html#post2564582

 

[NVP]

attacking the bar change buying Europeans into usd

http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4777.html#post2564582

the 15m shows the green USD turning over slowly ...........but the red gbp and blue euro are not buying it ....literally !

slim picking for me in truth as I don't like to stray away from Europeans in London session

much better buying the yellow yen / oramge AUD / grey swissie into any sells the green usd has offered in last hour or so

N

 

[NVP]

http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4786.html#post2564830

e/j is struggling to make gains as I was predicting earlier

such is life ........we need the euro and GBP to grow some b*lls and rise

N

 

[NVP]

attacking the bar change buying Europeans into usd

http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4777.html#post2564582

ok

the 10am bar finally got the gbp and the euro moving north ............still need more sells from usd though

N

 

[NVP]

solid selling on usd now for an hour......stalling a little

 

[NVP]

I love Andy's approach to trading (captain currency) :-

http://www.trade2win.com/boards/forex/123288-3-ducks-trading-system-304.html#post2565472

I know that many traders tell you the devil is in the detail and simple analogies/systems are not enough to sustain long term profitability .........and this is correct in many ways ...................but from a contrarian point of view it is essential to clear away the details and noise to see what is REALLY happening at times ....otherwise you are paralysed with multiple conflicting signals

for me trading is about being able to assess multiple scenarios simultaneously ..........and then make the trades.........

1) anchor your longer term trading view on evidence and fact
2) anchor your short term (trigger) view on evidence and fact
3) pull the trigger based on these elements and your system rules

that's it

Cap uses 3 ducks (mas)...........he advocates trading when they line up ........basic momentum trading principles but they do work a lot of the time ..........look at june ...jesus mega pips selling usd against most other currencies ....(especially buying euro and GBP.........just dont buy the NZD !!!

N

 

[NVP]

heres that big 4hr 60ma duck back over last few months .........I am focusing on USD pairs here ..hence the Bold GREEN USD

look at the fantastic opportunities and signal that Caps big duck gave (using my Strengthmeter overview)

from mid april to mid may the usd was WEAK (below the zero line).........the Red GBP , Blue Euro and grey CHF ........HAMMERED the usd ..............all strong buys and some excellent pippage

then all change for mid may - early june ...........usd was strong strong strong (above the zero line) .............virtually everything was a sell at some point against the bull greenback...including a stunning sell on the GBP (as it reversed its april strength)

then into latest phase of USD weakness - as already mentioned

is this useful ?...........is this giving insight ?............yes..........and it shows how powerful caps system is

N

 

[NVP]

my focus is scalping these days .......but such ideas as mentioned are still useful if you are looking at longer term trading

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