Best Thread Correlation Trading - Basic Ideas and Strategies

I would have gone U/J at around 93.37......slow progress but a few pips now.....

messy though...........assume crap news release on gbp ? ....with tag already weak this handed a gift on the other g6 dudes that had to go north ...

back to the cotton
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God....JRP is gonna be unbearable later.......(y)

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.....and thats the secret of the trading holy grail my friends....never to be repeated

waddya mean the T2W site went down ???

you mean no one got my full post ?


doh !
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hey all

off to the coast for early weekend.....will work on my document stuff there....promise

GMP thanks for input to date !!

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My advice is to always respect the day charts over the hour and minute charts... Sometimes You are just wrong and have to take a stop. But patience and discipline do win out in the long run. I am up quite a bit over the last year. I find that when I am not disciplined enough to wait for the entry I want then I lose, but when I do then I win. Sometimes that takes several days or weeks.

You got it in a nutshell JahDave.

My day sums it up perfectly. Didn't unload the EU short early enough and closed it for +140 in the end. Closed the long AUD/USD when the price was dropping and took an 80 pt hit on it. If I'd have held on a bit, it recovered quite well.

After yesterday's madness on the EU, it's hard to know where this is going next. I'm still very bearish on it and think that we could go to 1.30. But, then what do I know? If I did I'd be a meelyonairre, Rodney
 
Hi all

i'm glad i'm writing this documentation malarky.....ive learned more about mt4 and what it can do in the last 2 days than ever before (thks GMP :))

plus created a few more corrie hybrids naturally.....(more NVP ? :eek:)

as in all things in life - you have to keep learning and pushing forwards or you get stale and left behind

I figure another week before all is ready and I will use some Guinea pigs to roadtest it
(contact me for details)

Good luck to the marathon runners - I did my knees and ankles in during my travelling days (dont ask).....so cant tread the tarmac anymore but respect to those that do (y)

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HI all

interesting week.....this is a 1 hour smoothed corrie....ignore crossovers as it dynamically adjusts all the G8 making crossovers meaningless......but up still means currency is rising and down means currency is falling....(y)

how did the euro rise on friday ?.....did the greeks stop rioting and start working ?
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off for a nice walk by the (wet?) sussex coastline...

Looking back - the last 2 months were about just 2 big trades/currencies eh ! :p

anyone on those ?

usd looks like its getting into a nice stride upwards.....I would prefer the yen to be accompanying it for obvious corrlation reasons

how long can gbp keep rising ? :eek:

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Hi all

jees - Ive created about 20 templates over the weekend and I'm in corrie Hybrid heaven..... (sad NVP....real sad :rolleyes:)

heres same usual update but the right charts are more fluid and dynamic....still same rules though - up is up and down is down (y)

nope - I do not expect anybody to trade from this .....its all customisable and i'm just loading the full G8 monty to show the market position

the key to how all this works is to start with helicopter vision on the market ...then home in on the potential trades.....and use more specialised/Granular screens to follow through....so below you would investigate buying the risers and selling the fallers.....but naturally only with some price action confirmation.....and perhaps a little market correlation !



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lovely scalps afoot already here.....shame I am mega busy today ....enjoy all !

with corrie - as you get to see the market dynamics more clearly you will get a feel with whats possible and what is not possible in certain situations...

sure its great to set pip goals/targets re moves blah blah .....but tell the market that...believe me its not listening !

eg on U/J I never take liberties....sure a 10 pip scalp would be nice but the market cares as much about my dreams of 10 pips as it does yours.............ZERO

later all.....
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Hi all

as I now test drive these dudes for the first time - the most freakiest thing on the planet is happening on the new hybrids I have created over the weekend (and the old timers here will know what im talking about re corries crazy behaviour sometimes - it literally has a mind of its own)

when a currency start to move rapidly up or down on my new hybids it literally wiggles on screen to alert you to the move (whilst others remain static).......I have accidently created the first wiggly alert system :whistling

With that E/U sell the Euro literally shook itself off the chart on the 1m Tf.....

Move over Avatar here comes corrie 3D trading :LOL:

beam me up scotty :rolleyes:
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