Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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all change re pm session now ....
yen is driving north still....i was on wrong side of it earlier for too long
usd is net bull so far pm but still pretty lightweight so far...
Euro now being killed this afternoon ..... EU finally dumped off the 1380 levels to 1350's
finally some action
yen is driving north still....i was on wrong side of it earlier for too long
usd is net bull so far pm but still pretty lightweight so far...
Euro now being killed this afternoon ..... EU finally dumped off the 1380 levels to 1350's
finally some action
NVP
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morning all ...
GBP and Euro and AUD the buys since 6am ....selling usd and yen more recently
so good action now ......
been working cable up from 2700 levels , EJ from 126 levels and EU from 113.20's
this is my favourite correlation pattern for trading ....you cannot lose if this holds for a decent period of time
GBP and Euro and AUD the buys since 6am ....selling usd and yen more recently
so good action now ......
been working cable up from 2700 levels , EJ from 126 levels and EU from 113.20's
this is my favourite correlation pattern for trading ....you cannot lose if this holds for a decent period of time
NVP
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toughest call as a trader is having a bias and watching the price go against you .....all you do is scream to reverse you r bias and chase the new direction ....watching pips missed
but thats trading.....if you reduce your bias criteria each time price moves its not long befroe you are just chasing the price mindlessly
this morning i happily took pips buying euro and gbp and selling usd and yen
i cant complain if i see all those prices reverse 100% back down .....i just have to sit and suffer it happening
N
but thats trading.....if you reduce your bias criteria each time price moves its not long befroe you are just chasing the price mindlessly
this morning i happily took pips buying euro and gbp and selling usd and yen
i cant complain if i see all those prices reverse 100% back down .....i just have to sit and suffer it happening
N
NVP
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realistically i could have decided to start selling from 2720 levels this morning ...but for various reasons on my strengthmeter work i have decided to wait ....such is life
if you tell yourself you have missed 15 pips of selling then you would never survive for long as a tradser ....such psychological mindsets destroy your emotions .....the battle is hard enough without letting such weakness inside your mindset armour
N
if you tell yourself you have missed 15 pips of selling then you would never survive for long as a tradser ....such psychological mindsets destroy your emotions .....the battle is hard enough without letting such weakness inside your mindset armour
N
NVP
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heres what i mean ........i just stepped away from the market during the cable pull back
i did not trade..i did not chase it south ...i stepped back ..that is what good trading is all about
my plan told me that GBP is the alpha bull currency london session ...so trust it to go bull again .....
you do not have to trade ....the less you trade (avoiding loose trades) the more money you will make
later
N
i did not trade..i did not chase it south ...i stepped back ..that is what good trading is all about
my plan told me that GBP is the alpha bull currency london session ...so trust it to go bull again .....
you do not have to trade ....the less you trade (avoiding loose trades) the more money you will make
later
N
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NVP
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today has been pretty light on any decent currencies to sell ....even when usd finally got bulllish i have been struggling to find my GBP or Euro to sell .....im not to fussed about the other currencies especially london mornings ....i like playing gbp or euro in pairs
ej was finally borderline around the 126 level for selling today .......125.68 now and perhaps 2-3 decent scalps were possible from 11.30 bst ...but i was tied up elsewhere
cad is the thumping sell more recently so UCAD buys would have been ok ...i can see decent opportunities up from the 3090 to now 3109 levels from around 10.50 BST
N
ej was finally borderline around the 126 level for selling today .......125.68 now and perhaps 2-3 decent scalps were possible from 11.30 bst ...but i was tied up elsewhere
cad is the thumping sell more recently so UCAD buys would have been ok ...i can see decent opportunities up from the 3090 to now 3109 levels from around 10.50 BST
N
