Best Thread Correlation Trading - Basic Ideas and Strategies

if you fancy a punt then sell GU 2297........s/l the last high

rollercoaster !!!
 
back into sell mode on GU ........the 2297 faked us by 20 pips.....safe below 2290
 
eu is still holding below 1050.......about 3-4 scalps now selling down 15-18 pips
 
GU at interesting price .......lets see if 2280 gets breached or we have a selloff again now
 
gu is selling again early us session .........ive been reselling the R level at 2267/75 anyway so was in ..............2218 ....!!!
 
morning neil what would have been your sell off point on this last GU ?

as stated .....it never got above R level so all sells ...I look for a decent signal to sell below these prices so as soon as possible in low 2260's earlier

been in on about 2-3 trades so far last big sell offered at around 2245

N
 
keep it simple when things are this fast ..........keep selling GU as long as price below say 2234/36

if people cant see why then look up price action trading .......
 
i'll straddle trade into 2pm bar .sell below S 2190 or buy above 2213 R
 
2193 is yuor new R line ..sell it evertime it comes back guys ................2177 and rolling

back later .....Toooo easy today .........dont think its always like this :)

N
 
i am using a lot of strengthmeters as well guys .......but when market is so obvious re what to trade i just fall back on simple price action

GU is like shooting fish in a barrel again today

2164 the low so far :)

N
 
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