Best Thread Correlation Trading - Basic Ideas and Strategies

[Ross Spur]

OK, thanks for the info, NVP... I've added your indicator(s) to my MT4 and will have a read through the thread.

 

[NVP]

hey all.........

flat land.............unless you fancy an exotic dish ?

as I have said in the past....when just 2 currencies show on my triple arrows it can be a profitable outcome

Jees

N

 

[NVP]

right lock and load.....I think we may have a tagCHF buy opportunity coming if the US30 breaches a recent support level of 11,180

NZD is already in sell triple arrow mode.......

N

 

[NVP]

nice action building

commdolls look strong and so does gradually the Tag Team

the eurotribe including CHF are weakening.....c'mon Dow..Dump !!!

N

 

[NVP]

jees that NZD is volatile today ..........its bouncing around like rooneys Popularity Meter !

1 minute its sell and then its buy..........settle down boy !!

N

 

[NVP]

Euros looking beautiful but the higher 4H TF is preventing the full sell signal

 

[NVP]

GBP is ok as well...but Euro has breached its previous support line .....look

 

[NVP]

Well

that was nice...I wish there had been a perfect partner though as well

N

 

[NVP]

mornin all

flattish us30 overnight............nothing much of interest yet shaking down

I have usd and chf as sells on triple arow but i'd really need us30 above 11180 for it to interest me more :smart:

N

N

 

[NVP]

i'm making a few pips on G/U scalping the 5mins so it could spill onto the higher TF's soon hopefully

N

 

[NVP]

the gbp is now triple arrow buy but I see that us30 is falling so it should not be traded against the usd realy........

can someone tell it that !!!!

N

 

[NVP]

jees thAT gbp 5MIN IS STRONG

 

[NVP]

crazy correlations yen and usd falling off of a fallng dow......

new one for my notes........

N.

 

[NVP]

i'm please with my ickle g/u buy though...........

 

[NVP]

ok fun over

off to work......see you all later


N

 

[NVP]

The market loves GBP today..........

N

 

[NVP]

When you get days like this it really distorts the FXcorrelator

the GBP's super-strength sends everything else into a tizzy and makes the Standard correlations I look for here appear wrong

theyre probably pretty ok if you removed the GBP element (ie reset as a G7 correlator)

however in truth the Yen is also not correlating having been sold a lot so far today off of that falling us30 so things are really out of whack !!!!!

dont knock it though - if you've been buying GBP and/or also selling yen your already taking the rest of the day off perhaps......

N

 

[NVP]

its interesting......the gbp rise was happening well before the GDP release at 8.30am

the market knows all it would seem.......

N

 

[NVP]

and the Boj are definately up to something overnight........a falling global Equity market was/is perfect for dumping yen against a rising USD

or they were also buying a cheap GBP as well

N

 

[NVP]

god help the yen if US30 starts rising at any time today........