Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

nice action last few mins

GBP came back south (into Asian trend) , and USD pushed north again back into Asian trend

was waiting for that and took GU on sell breached below 70....

N

 

[NVP]

EA also came again for better bull move this time .......... breached the 4850 and 4860 recent levels

 

[NVP]

AUD getting hammered London ........AU selling as well nicely

 

[NVP]

yen and USD leading the pack north .............cad and AUD the main sells

 

[NVP]

4 currencies have diverged well in last 30 mins

Yen , USD bull
AUD CAD bear

that's where I have been playing pairs / combos

N

 

[NVP]

Gu has been quieter than earlier ,,,,,,,,,but I have been happy to resell below 3174 ...61 the recent low again

 

[NVP]

that's it from me gang ..........

from 6am the main plays were EA and UCAD buys , AU sells

Yen was aggressively bull but disappointingly so were usd and euro generally as well (equals no divergence on UJ / EJ pairs )

cheers
N

 

[Petar Jacimovic]

Hello NVP,
How you doing my friend ?
I wanted to share entry on GBP/USD. I used 3 time frames and used also 5M like trigger. I found that USD finished correction and also in the price action there is finished ABC formation so I bought. Will try to take 30-50 pips or more depend of the price action.

GBP is so far the strongest currency >

 

[NVP]

hey all

London session finished a while back .......

GBP rules waves ........to +60 pips from 6am
NZD followed up to + 40s

unless you were buying them it was slim pickings

Big sells were the Euro and CHF.to -60's as well

USD had a mainly bear morning ......yen was rangy

big scalp plays were based on above naturally

E/G sells were really a nice option today to those in the know

N

 

[NVP]

Hello NVP,
How you doing my friend ?
I wanted to share entry on GBP/USD. I used 3 time frames and used also 5M like trigger. I found that USD finished correction and also in the price action there is finished ABC formation so I bought. Will try to take 30-50 pips or more depend of the price action.

GBP is so far the strongest currency >

that's a real nice looking 3 ducks Peter :smart:

its fair to say the GBP is the bull play ............yes

and look at that EG sell off the 5mins ........superb today !!!

 

[NVP]

hey gang - go look up all my stuff on the 3 ducks corrie system ......its all in links below

this is the 4hr TF on a 60ma

look at the aggressive and diverging pattern on the CAD and the GBP ........that's all this week gang so far ...........stay on them and ready to trade them in lower Timeframes .....

go with the flow on them until the divergence momentum decreases

Simple .........but damn effective

N

 

[Petar Jacimovic]

Video analysis on GBP/USD >
Hope you will like it

https://www.youtube.com/watch?v=7W0d0pt05jY&feature=youtu.be

 

[NVP]

Video analysis on GBP/USD >
Hope you will like it

https://www.youtube.com/watch?v=7W0d0pt05jY&feature=youtu.be

you are very welcome Petar ..........thanks for sharing your own approach

you are welcome here anytime

N

 

[NVP]

in fact my 3 duck template (also available in links below) is on fire at the moment

we have 6 Currencies all flashing 3 duck entries .......that's pretty awesome !

only the green USD and the Grey CHF are not aligned across the 3 TF's

what does this mean ?

it means that the G8 market is very very correlated and a lot of extended Trending going on across multiple pairs (about 8 pairs are firing on all cylinders at moment - mega)

simply add up all the combinations of pairs where you have 3 arrows north vs 3 arrows south = 8

you need to apply a little more filtering in these situations ...but generally its a rich vein to tap guys .........

have a good day
N

 

[NVP]

not gonna get to screens tonight again .have a good one

N

 

[NVP]

morning all

overnights
AUD the bull play , GBP the main Bear .USD bear as well

6am starts ......
GBP the Sell........USD as well ........
bull action on Yen and AUD and cAD so far

scalps
early action was on AU buys and EA sells .....
last 30 mins I'm playing the Yen strength (EJ / UJ sells) and also reselling GU

N

 

[NVP]

all done a while back for this morning ..........

from the last post the market generally consolidated and not much extended .......

Euro has now been promising re more bull plays ........NZD has come more south breaking the mould....

but not much to pick from really this morning

have a good session......I see a promising ea bull unfolding as well

N

 

[Petar Jacimovic]

all done a while back for this morning ..........

from the last post the market generally consolidated and not much extended .......

Euro has now been promising re more bull plays ........NZD has come more south breaking the mould....

but not much to pick from really this morning

have a good session......I see a promising ea bull unfolding as well

N

Yen is so far the strongest currency and NZD and GBP weakest, so I sold GBP/JPY and NZD/JPY.

 

[NVP]

ever wondered whats driven the USD index ?

http://www.blackswantrading.com/blo...ve-chart-1971-2016-next-major-cyclical-driver

 

[NVP]

heres the triple corrie this morning

if you follow the system there are 3 currencies flashing

YEN , USD SELLS
GBP buys .........(on the ZERO) at moment

follow them as main leaders in pair trades

so for example with the yen and /usd clearly in a decent sell......you could have gone to anything above zero on the 5 min chart (Shown) at point of Zero break of currency (or confirmed resell if you want more confidence)

EU buys have been good .........even EJ buys as yen was a later sell......

for GBP buys if the develop...go GU ......

N