Best Thread Correlation Trading - Basic Ideas and Strategies

[be-positive]

short 49

 

[be-positive]

this dog is slow so stop into 51

 

[be-positive]

dog stopped out on to next trade ------bye and all the best this afternoon

 

[NVP]

havnt had chance to trade today - shame as its too damn easy

usd has now gone to some 30+ pips bull since 6am london
GBP clipped -50 pips earlier

if you cant scalp some sells on GU with a 80 pip range then do not pass go and do not collect £200

N

 

[NVP]

a few mins trading time ..........

GU looking promising as resells below 3241

 

[NVP]

a few mins trading time ..........

GU looking promising as resells below 3241

uj offered as resells 11.16

 

[NVP]

a few mins trading time ..........

GU looking promising as resells below 3241

jees that was fast .......3242 back to 34 !!!!

 

[NVP]

i couldnt have my cake on UJ and GU at same time due to correlation ....luckily i had the GU

 

[NVP]

3230 the gu ...nice follow thru

 

[NVP]

111.12 the uj ....wouldve have certainly been a 50/50 now if I had traded it

 

[NVP]

enough the gu ,,,out

 

[NVP]

111.09 the uj .I shoulda taken it as well

 

[NVP]

ok 4 mins left before i have to take a work call ........

1 solid GU sell scalp - no complaints fgr just 10 mins work

 

[NVP]

ok im otta here - N

 

[NVP]

dog stopped out on to next trade ------bye and all the best this afternoon

talk soon BP ... N

 

[NVP]

enough the gu ,,,out

recapping ........

i sized up the market (1 min) using my fixed and ma based FXcorrelators

I saw a very very weak GBP (and figured i'd use USD as second currency - my go to pairing for GBP)

waited for a big retrace .....off a big Resistance bounce level in this case

and hit it ........hard !

7 pip scalp ......i could've let it run a little more actually ....

not bad for 10 mins work

(and the UJ was also poss for a handful ...but i didnt take it ....GRRRRR)

PS - dont sniff at 7 pips ....if you are scalping professionally you can be at ultra tight Stop losses and leveraging your wins to very good return levels.....if you can get a 3-4 pip Stop loss in place with 2% capital stakes .......that 7 pipper just earned me nearly 4% of my capital base in 10 mins ................you cant even get 4% per annum on most things ....so scalping rules for me guys......N

 

[be-positive]

morning long EU 66

 

[be-positive]

first+4 bagged

 

[be-positive]

another +7 bagged

 

[be-positive]

morning short EU 69