Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

morning all....Friday

overnights
usd,euro,chf bull
yennzd gbp bear

6am opens London
yen solid bull , AUD coming
USD , GBP,Euro , CHF bears

6am pairs - scalping
Ea , EJ ,UJ ....sells all going fine
even AU buys in the frame

not to bad today - stedy eddie
N

 

[NVP]

morning short GU 39

hey buddy - that was a good trade .......just a little too aggressive on the S/L

(Personally ? - i'm not scalping GU as the usd is too damn weak..but that's me )

People are probably aware of the controversy that went on when Forexperian was running his threads here at T2win ..I got on fine with F , hes a damn good trader ...and still is ......but many here found him arrogant and strong opinionated and he eventually got banned ***

F used to set incredibly small S/L's .........I couldn't get near him ........but that's how good he was/is.........

stop Losses are one of THE major factors in trading.........whilst I do set pretty tight ones most of the time theres nothing wrong with stepping back and giving yourself some space ...........its better to make a small profit on a call than a silly loss trying to make a little more on the trade from a tighter Stop...........don't try to trade better than you actually are ........ :smart:

N

****Ive been around traders / trading since the early 1980's ..........if people at T2win honestly think top traders are fluffy bunnies then they need to get out more ....F was a pussy cat vs most of the best traders ive worked with .......most don't win popularity contests

 

[NVP]

usd bear gang ..........nice ........we have bull yen and bear gbp in the frame as well .....play the pairs off that

 

[NVP]

looking at the weekly action the usd is around the -110/-120 pips down on week......perhaps we may see some traders closing out (ie buying it) the last 2 days of shorting it ..also perhaps a little shorting on Cad and AUD expected today after a reasonable few days bull

N

 

[be-positive]

need to work on that 1 from 10 on SL --- entry from the 7.19/20 bars sorted out that loss

 

[NVP]

usd bear gang ..........nice ........we have bull yen and bear gbp in the frame as well .....play the pairs off that

all change since last post..........Euro bull , USD bull now , AUD bear , Yen bull

nice correlation on Yen / USD helps the action plenty on G8

N

 

[NVP]

yen bull not doing significant damage to EJ / UJ as Euro and usd bullish as well

EA buys and now GU sells more in play instead

 

[NVP]

good potential on Yen / USD bull rebounds gang ........

 

[NVP]

gu looks real promising here off the R 3011.....at 3004 now here so charge in on reconfirmed sells / swing high

 

[NVP]

3011 spike rejected ......

 

[NVP]

3008 ............that's first ballsy call level

 

[NVP]

if you want to be a trader and go REAL tight on Slops ....that's what you do

 

[NVP]

cant turn usd over to bull again..........urrrrrrr............UCAD the sell

 

[NVP]

GU 3010..........right on the line

 

[NVP]

yen and usd both under bear pressure now ........last bastions of Bull just being broken

 

[NVP]

out -2 GU

 

[NVP]

cant turn usd over to bull again..........urrrrrrr............UCAD the sell

ucad 20 pips selloff in 4 mins

 

[be-positive]

GU south ? from 96

 

[be-positive]

 

[NVP]

so much for London morning session .dominant pair in my salp stable was the GU sell......you saw me attacking a little earlier a few times I think

got to 2958/57 last 3 mons or so ....but bouncing now ..started morning around the 3043's so plenty of pips there for the scalpers

N