Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

NVP
TBH i would not have closed the GBPUSD sell because of the NFP as the FXCorrelator was not telling me to do so,if i would have stayed in i would be 140 pips up at the moment. (but it was my 1st live trade with the FXCorrelator)
I have been running a demo account for 1 month now using the FXCorrelator and up around 1,700 pips,however i am not opening any positions on this account if there are any bank related news coming out,however when in a position i am not closing any trades because of news,only closing via the FXCorrelator and swing high and lows.
Yes i like the 20 setting on the 4 hr charts sets up well 60 was to slow
Old school FXCORRELATOR-BASIC-FREE-VERSION-2013 is the BADASS indicator i,m using folks !!

P.S I will try to post my trades as soon as opened i,m not a PC Geek but i will try to make some screenshots if i can and post here Neil
Might sell JPY soon but not confirmed yet,

Regards

Hey M

jees you are doing well dude...:smart:...the basic FXCorrelator on a 20ma / 1 delta setting (See attachments below in my links area or earlier in this thread for copy)

This is a great learning indicator to get the feel of strengthmeters and indeed relative strength index trading in forex

if as a trader you don't "Feel" what benefits it brings after playing for a while then strengthmeter trading is probably not for you ...........it either "Gels" with you or it doesn't ............find another edge

please feel free to post dude ...........many have done in the past on my big thread .............

and I am always here to answer any questions you may have

thanks
N

 

[NVP]

=marcramon;2746074]NVP
FXCorrelator on a 20ma / 1 delta setting this means that it updates every new candle right?
This is the one i,m using..
No setups for me right now on the 4 hr charts,but looking at the CHFJPY GBPJPY for a possibly buy later today not confirmed yet...
Neil where do you want me to post my trades here or the big thread ?


P.S Hats of to you trading the 1 minute charts geez way to fast for me (old age i guess !!) hehe
Regards

unless im mistaken you should see the lines moving all the time ......even mid bar there should be detections of variation on faster MA's ?

lets bring this over the the main thread here and I can perhaps look at a few of your screenshots ? .........:smart:

 

[marcramon]

unless im mistaken you should see the lines moving all the time ......even mid bar there should be detections of variation on faster MA's ?

NVP
You are correct
BTW Entered 2 buy trades EURJPY @ 123.50 and GBPJPY @ 156.20
Lets see how we get on !!

 

[NVP]

nice solid morning scalping .............nice

see my scalping thread

N

 

[NVP]

nice solid morning scalping .............nice

see my scalping thread

N

hey all

London session over .........

indexes
GBP Boomed to nearly +60 on London , YEN dumped to -60 at times ....

pairs to have traded

GU.........Bull moves were awesome ....usd was net bear to help
EJ buys and UJ....yen bear assisted
EA buys , then it switched to big sells ..........
Ucad sells eventually ........I didn't trade it my session though

wont get to trade later ...........although I did fine earlier in 2 hours session ......

N

 

[NVP]

unless im mistaken you should see the lines moving all the time ......even mid bar there should be detections of variation on faster MA's ?

NVP
You are correct
BTW Entered 2 buy trades EURJPY @ 123.50 and GBPJPY @ 156.20
Lets see how we get on !!

can you share the FXCorrelator signals / charts you were using and the strategy ?

that's how we learn ........and I can offer some advice hopefully on what also to look for

I focus my trading 100% on scalping now .........but have many years playing/trading strengthmeters on all TF's and settings !!!


N :smart:

 

[NVP]

still no time to play ...........grrrrrrr

looking at the day

CAD got BIG in London / US session........thumping 60 + pips at times
GBP was a bear to -60's .....and a steady run south by USD more recently to -50's

HINT - if you can get the greenback running smoothly then scalping is EASY !!!

PAirs

UCAD the demon Sell.......now over 100 pips south of London opening ....NICE !!!!
EU buys went well..........EA has been bull ok ....

not a bad day today if you play to the rules !!

cheers
N

 

[NVP]

morning all

I will finish scalping early today as already well over target ...........the yen bull was a peach !

see my scalping thread

always happy to answer any questions here about forex strengthmeter trading techniques and correlation strategies ...........any TF .........

I specialise in scalping now ........but higher TF's still work on similar principles .................they just don't generate enough volume of trades to pay my bills like scalping does !

later
N

 

[NVP]

Trading is a Marathon not a sprint - so always hang in there guys !!

Hi Everyone
Trading is a MineField... Correction My Choices and Actions are the Mind Field
2008 introduction to working for a ShareDealing Bank placing trades for people.
Placing trades for one client only on ETF's started an account with £1 million
after 3 years he had increased this to £3.5 Million

All this was trading ETFs only I asked him if he didn't mind telling me how he decided when to buy and sell
Buy the Troughs
Sell the Peaks
was his reply. Quite simple hey well that was my introduction to trading and my Grandfather had bought Value company's stocks Marks and Spencers etc and over a period of time those grew to £90,000+
So began my desire to Learn and Succeed.....

I Learned very slowly that your money can dissipate quickly and it seems whilst writing this that for me there is a correlation between not respecting the money I have and the amount of trades to the speed of giving that money away to the market.

2016 8 years on and financially flat at the moment but with the desire to succeed in respect for my Grandfather to make back the £14,000 he gave me in his will. I didn't gamble the money just incase that's what your thinking, I bought course after course business opp after business opp and learned as much as possible and then traded and traded and traded too much. Risk vs Reward even though I knew about the concepts and chart patterns i did not apply them focusing on the trying to make money aspect instead of trading strategically.

So today I'll start buy mapping out a daily log following currencies stocks and definitely ETF's and do daily reports just to log my understanding or lack there of.

So hopefully in another 8 years I can lookback on this post and my Grandfather will look down from heaven with a smile.

Kind Regards

Rich

hang in there Rich ................8 years is not a long time in trading and you are still in learning phase buddy !!..........:smart:

I have been gambling since my early teens in the 1960's and trading since the 1970's .....

I started forex trading in early 2000's after returning from a trading sabbatical in late 90's (working in new York as a consultant with no trading time).........and now 16 years later feel I am pretty ok with what I do these days with my trading..........

this game is a marathon and not a sprint :smart:

Good luck
N

ALSO - beware the emotional ties / connections with money .........that will eat you up ............its just money in this game ..........chips for betting...........make sure you are trading for the right reasons ....disconnect from the source..............it could be a factor in your decision process.......believe me ..........

I was taught the business of Horse racing by my father and grandfather who were both successful professional gamblers/bookmakers .......now THATS a load to carry on your back - I can tell you !!!

 

[NVP]

hey all

well here we are a few weeks into my new thread where I share my experiences for around 2 hours a day scalping .....before I start my consulting job

its going ok as it has for a long time now since I transitioned to scalping a few years back .........

I wont lie ...................the first 6 months transitioning were tough (yes even after 12 years in forex strengthmeter trading on higher TF's ) ........I really had to rethink some of my strengthmeter techniques and indicators ...........scalping is fast and I had to introduce some changes / tweaks to ensure I was always in the right place at right time ..........but I got there in the end

I hope it is of some use ............even if you use it to stay on the main 3-4 pairs ........or just to see what the market has done (I tend to also comment on where the moves were)

feel free to ask questions here and contact me if needed

have a good weekend
N

 

[NVP]

hey all

cracking scalping session this morning on my other scalping thread.......I locked onto 3-4 pairs and was patient in milking them through the 2 hour session

that's all I need...really..........no fancy secrets or magical grails..... !

N

 

[NVP]

morning all

good solid pips this morning on my scalping thread ..........

watching the market through individual currency indexes**** (and strengthmeters****) gives you much much more vision than the 1 dimensional pair view..........and you need every available edge in this game .........believe me

have a good day .........gotta scoot sadly ...........but 2 hours a day is all I get whilst I am still full time consulting this year

cheers
N

******remember my strengthmeter and currency indexes are all available free below in links areas on signature .............but how to use them to best effect ?..........well that's a longer story and perhaps for another time and another place

 

[NVP]

someone asked me about my indexes on another forum - they are available for free below in the signature / links area -

but here are the G8 again if more convenient

N

 

[NVP]

hey all

this evening I tried to fire up my FXCorrelator.com website again from my new internet provider

that's why you see nothing now when you try to login .....hahahahaha

I need to redesign the screens and get the hosting going

if anyone remembers my courses a few years back you will know I have ZERO knowledge of how to use or run websites ..... I left it to my IT manager Sylvie (who ha now retired trough ill health)

this is going to be a long year ......hahahahahaha

hey - it will be working before I plan to start next years training courses so don't worry ....(gulp)

N

 

[be-positive]

with the money you have( ffs jees) open up the wallet and pay someone (lol)

 

[NVP]

with the money you have( ffs jees) open up the wallet and pay someone (lol)

That will be the probable outcome here.......I am not a techno dude

 

[NVP]

ok that me done for the morning .......slooooooooow so far

back later
N

 

[NVP]

he yall

exceptionally nice morning for me today ....check out my scalping thread

cheers
N

 

[NVP]

ok game over ............gotta scoot ............been calling a few on my Scalping thread on only a few select pairs at moment - tight day so far

I can generally pick off 5 pips on most scalps with good timing and focus ..........then I just need a few runners to get the bigger profits in a session ...........slow today in fact ..........only eA really getting up a head of steam

have a good day - I have already
N

 

[NVP]

hey all .....still fooling with getting a small website back up

just transitioning this to my FXCorrelator.com name but this will do until I can load more historic stuff and indicators on it and get some decent content and training in ....

N

http://fxcorrelator.wix.com/nvp100