Best Thread Correlation Trading - Basic Ideas and Strategies
Oscar Reed
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NVP
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amazed I could trade this morning with the Premiership tears in my eyes ...........
well done Leicester .........Spurs (my team).......theres always next year !!!
I was only 1 when this happened ............I'm not on the coach then 🙂
NVP
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NVP
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Hi R
sounds like you are doing ok 👍
sorry - I will try to activate the PM stuff.....😱.....no idea why that's not working
why not post any thoughts and ideas on my main original thread here ?
if you look back over the many years of that tread we have had bags of people involved and contributing ..........so you are very welcome and I can also then help/comment myself on your system and offer some help/advice
I can recommend on Higher TF using Captain currencies ideas re 2-3 timeframes ?
why not use an FXCorrelator on a 60 ma setting on 4hr to set the relative buys , sells ...and use a lower TF on a 60 to enter ?..........read the 3 ducks strategy
Captain currency (andy) is a good trader and a good guy 👍
N :smart:👍
NVP
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QUOTE=Mr Sept;2743838]I started trading with real money, and have ever since. But I would say that 'Demo' accounts make life simpler when testing new strategies or trading new products....(read options in my case).
When training a 'newbie' letting them try out all the 'bells and whistles'...and .....allowing them to 'ask the right questions'. But the Newbie 'needs' to move to Real money very quickly in my experience.[/QUOTE]
Demos are essential for beginners to find their way and learn to execute all elements of a trade correctly .......its useful for even the best traders as well to read test stuff and indeed test out new platforms
I tell new traders they have to be walking on water on a demo with a strategy before trying it live ................Demos are very very cushioned as we all know .......and very forgiving ............so average results don't cut it and you have to be kicking major butt on a demo to impress me
also the stops are easy ...........so again in the real world you have to be very very very good at setting stop levels ..........or indeed widen them and go on soft stops for trading ...........unlike demos that have elastic stops it seems keeping you in and making you always look better than reality
so overall Demos are a good thing when used for the right reasons ...........but don't believe them toooooo much :smart:
N
When training a 'newbie' letting them try out all the 'bells and whistles'...and .....allowing them to 'ask the right questions'. But the Newbie 'needs' to move to Real money very quickly in my experience.[/QUOTE]
Demos are essential for beginners to find their way and learn to execute all elements of a trade correctly .......its useful for even the best traders as well to read test stuff and indeed test out new platforms
I tell new traders they have to be walking on water on a demo with a strategy before trying it live ................Demos are very very cushioned as we all know .......and very forgiving ............so average results don't cut it and you have to be kicking major butt on a demo to impress me
also the stops are easy ...........so again in the real world you have to be very very very good at setting stop levels ..........or indeed widen them and go on soft stops for trading ...........unlike demos that have elastic stops it seems keeping you in and making you always look better than reality
so overall Demos are a good thing when used for the right reasons ...........but don't believe them toooooo much :smart:
N
NVP
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hey all
lunchtime look at market - nice action this morning after I had finished !
USD and JPY ent gung ho bull.........and the Europeans got well and truly Dumped London .......
for me this is perfection and just how I like the London session to go (Europe vs US/JPY) ............doesn't happen as much as I would like though ......
pair wise it was a pipfest
GU Sell to -70's , EU to 60's ....Swissie similar
EJ sold off to - 30 but that was also a real Retracement trade off of earlier strength so depends on when you got in..............and actually EA sells not too bad either to -40 or so
Nice Nice nice ..............betya the us offers reversal opps here big time later
later
N
lunchtime look at market - nice action this morning after I had finished !
USD and JPY ent gung ho bull.........and the Europeans got well and truly Dumped London .......
for me this is perfection and just how I like the London session to go (Europe vs US/JPY) ............doesn't happen as much as I would like though ......
pair wise it was a pipfest
GU Sell to -70's , EU to 60's ....Swissie similar
EJ sold off to - 30 but that was also a real Retracement trade off of earlier strength so depends on when you got in..............and actually EA sells not too bad either to -40 or so
Nice Nice nice ..............betya the us offers reversal opps here big time later
later
N
NVP
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interesting thread on target setting and my thoughts .........
I can only speak for my Forex scalping activity on a daily basis but to me you have to be very very mindful of setting too strict targets ...(aside from losses of course - that is bad !!!) ......I have indicators roughly telling me how much I should be making in the G8 market - based on the markets volatility and correlation factors
if its a bad few days in the market regarding such things you can allow yourself a little leeway and not get too upset ....give yourself a pat on the back in fact if you did well)...likewise if the day is a pipfest (like later London today)....you need to be upgrading targets to reflect the extra money possible
so flexed and pragmatic approach is recommended from me re targets :smart:
N
I can only speak for my Forex scalping activity on a daily basis but to me you have to be very very mindful of setting too strict targets ...(aside from losses of course - that is bad !!!) ......I have indicators roughly telling me how much I should be making in the G8 market - based on the markets volatility and correlation factors
if its a bad few days in the market regarding such things you can allow yourself a little leeway and not get too upset ....give yourself a pat on the back in fact if you did well)...likewise if the day is a pipfest (like later London today)....you need to be upgrading targets to reflect the extra money possible
so flexed and pragmatic approach is recommended from me re targets :smart:
N
NVP
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Hey all
Jees what a week.......I do try to get 2 hours in daily scalping but the consulting gets in the way with early Far East calls I have to take......grrrrrr
Only scalping till 8am most mornings is like being sent to bed by your parents when you were a kid.....all the good tv shows are after 9pm ......but bedtime is earlier !!!!
Anyway that life.......until I deliberately free up more trading time in 2017 I'll optimise what time I have
N
Jees what a week.......I do try to get 2 hours in daily scalping but the consulting gets in the way with early Far East calls I have to take......grrrrrr
Only scalping till 8am most mornings is like being sent to bed by your parents when you were a kid.....all the good tv shows are after 9pm ......but bedtime is earlier !!!!
Anyway that life.......until I deliberately free up more trading time in 2017 I'll optimise what time I have
N
NVP
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Someone asked me about this thread and what's on it in terms of links and systems and other ideas....
I admit it's a real beast now......many many pages and over 1,3 million views
Just to summarise then
It was meant to be me sharing my ideas on forex strengthmeters and how to use my free version developed since early 2000's .......that was when no one was using them !
The thread then spawned loads of spinoff threads all here at t2 win.......and I have over the years looked at most common strategies here for using the indicators
Go to the link area below in the signature box and see the links mentioned....they then link again etc etc
When I get time I will try to do a link to the most interesting posts here regarding strengthmeters
There's also Been input from some awesome traders and programmers as well so,many thanks to,them again
I admit it's a real beast now......many many pages and over 1,3 million views
Just to summarise then
It was meant to be me sharing my ideas on forex strengthmeters and how to use my free version developed since early 2000's .......that was when no one was using them !
The thread then spawned loads of spinoff threads all here at t2 win.......and I have over the years looked at most common strategies here for using the indicators
Go to the link area below in the signature box and see the links mentioned....they then link again etc etc
When I get time I will try to do a link to the most interesting posts here regarding strengthmeters
There's also Been input from some awesome traders and programmers as well so,many thanks to,them again
NVP
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Off the top of my head regarding subjects
Trading non g8 more Exotic currencies has been covered ....and free indicators are available
I introduced my gold meter. That then became a seperate thread
I've discussed most angles on how to trade the basic fxcorrelator and the ma delta settings ......how to trade trends and how to fade as well
I introduced my youtube videos which again helped in showing how,to,use the indicator
I also loaded up all the g8 individual indexes .....they allow real time analysis of currencies and allows you to trade signals using standard pa approach ....no ma lag
I've also span off more generic posts and threads on non strengthmeter topics.....like exit strategies and loads of other things as they came long ......again with input from the great trading team here at t2win
And more recently last few years I've gone more scalping based in my analysis and approach as that's where my focus has been
I am happy to discuss all aspects of these still here at this thread .......always around :smart:
Cheers
N
Trading non g8 more Exotic currencies has been covered ....and free indicators are available
I introduced my gold meter. That then became a seperate thread
I've discussed most angles on how to trade the basic fxcorrelator and the ma delta settings ......how to trade trends and how to fade as well
I introduced my youtube videos which again helped in showing how,to,use the indicator
I also loaded up all the g8 individual indexes .....they allow real time analysis of currencies and allows you to trade signals using standard pa approach ....no ma lag
I've also span off more generic posts and threads on non strengthmeter topics.....like exit strategies and loads of other things as they came long ......again with input from the great trading team here at t2win
And more recently last few years I've gone more scalping based in my analysis and approach as that's where my focus has been
I am happy to discuss all aspects of these still here at this thread .......always around :smart:
Cheers
N
