Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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painful painful trade...............the usd is very weak and is not bending to the recent fall of the dow thankfully .........GBP is a rock and the only buy in town on the 5mins
if the Dow rises we may squeeze some more pips out of th G/U but the GBP has coem a long way now .....
N
if the Dow rises we may squeeze some more pips out of th G/U but the GBP has coem a long way now .....
N
NVP
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hey all
a real thin and tough week on the triple arrow corrie
heres the charts for my 2 top arrow lines that call the main shots..........I have a 1h chart with a 80ma (top) and a 20ma (bottom).......the 80ma is standing in for the 4h 20ma as they are similar in performance
monday (left hand side) offered some frugal sells on tag (you can see the potental buys above the green arrows)...........and then the rest of the week was buy tag (when the boys were both above the zero) mainly scraping trades selling the Euro and the Aussie D when they popped up
Remember the triple arrow corrie is just one of a zillion ma combinations you could use and it incorporates a 4h tf signal that does slow the show down
why was it so tough ?...........well one big reason for this pipfast was that one of my rules of corrie combat (see post #5082) is to tryt get the Dow30 moving opposite to the tag for some real bumber pip hauls.............and if you look at the right hand chart (dow30) only on monday was the dow opposing the tag to get some pips in the bank............later on in the week the dow pumped north and that made the pickings painfully lean with usd staying very strong (dammit)
look at wednesday....if the usd had followed yen south we would have MURDERED the market buying the commodity currencies (well you would have if you had sold yen)
such is life..........the art of profitable trading is spending 95% of the time out of the market....so we did !
have a good weekend
N
a real thin and tough week on the triple arrow corrie
heres the charts for my 2 top arrow lines that call the main shots..........I have a 1h chart with a 80ma (top) and a 20ma (bottom).......the 80ma is standing in for the 4h 20ma as they are similar in performance
monday (left hand side) offered some frugal sells on tag (you can see the potental buys above the green arrows)...........and then the rest of the week was buy tag (when the boys were both above the zero) mainly scraping trades selling the Euro and the Aussie D when they popped up
Remember the triple arrow corrie is just one of a zillion ma combinations you could use and it incorporates a 4h tf signal that does slow the show down
why was it so tough ?...........well one big reason for this pipfast was that one of my rules of corrie combat (see post #5082) is to tryt get the Dow30 moving opposite to the tag for some real bumber pip hauls.............and if you look at the right hand chart (dow30) only on monday was the dow opposing the tag to get some pips in the bank............later on in the week the dow pumped north and that made the pickings painfully lean with usd staying very strong (dammit)
look at wednesday....if the usd had followed yen south we would have MURDERED the market buying the commodity currencies (well you would have if you had sold yen)
such is life..........the art of profitable trading is spending 95% of the time out of the market....so we did !
have a good weekend
N
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NVP
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this is good stuff........
http://www.screencast.com/users/bsw...ly/media/66527647-e84a-434c-b79a-66b9869c9c6f
the boys lurve USD
...........also note the comments regarding friday and how tough a market it was
remember in my earlier video I commented how the triple arrow corrie called nothing later in the day ............it was proecting you and me from giving money back
this week lets see if the USD holds firm.....if so the tag team will only be activating signals on a falling dow signal as the yen pops up alongside the usd......
I also agree that some USDJPY buys could look very nice this week - watch out when the dow rises and the usd stays sluggish whilst the yens probably nosedives (remember this happened a few times in the week just gone)
we dont trade the USD against the yen here as we use them to work together as a tag team........but nothing is sacred in the persuit of profits - remember that
N
http://www.screencast.com/users/bsw...ly/media/66527647-e84a-434c-b79a-66b9869c9c6f
the boys lurve USD
...........also note the comments regarding friday and how tough a market it was remember in my earlier video I commented how the triple arrow corrie called nothing later in the day ............it was proecting you and me from giving money back
this week lets see if the USD holds firm.....if so the tag team will only be activating signals on a falling dow signal as the yen pops up alongside the usd......
I also agree that some USDJPY buys could look very nice this week - watch out when the dow rises and the usd stays sluggish whilst the yens probably nosedives (remember this happened a few times in the week just gone)
we dont trade the USD against the yen here as we use them to work together as a tag team........but nothing is sacred in the persuit of profits - remember that
N
NVP
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NVP
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and a screamer on the scalper setting earlier..............
dow was long gone south screaming to buy tag .......the GBP was already a sell but we needed the tag to pop up again on the 20ma as a final nod.....you could have also used the breach on the pairchart as entry point to double confirm
note that AUD and CAD were also sell options....I'm not a big fan of CAD and - well ive already discussed the AUD sell already
when we are in UK trading hours I am really looking at the Euro , GBP and CHF to be the majorly active trades for scalps - the commdolls s/be more sluggish as its sleepytime for the countries involved
ok work calls..........later
N
dow was long gone south screaming to buy tag .......the GBP was already a sell but we needed the tag to pop up again on the 20ma as a final nod.....you could have also used the breach on the pairchart as entry point to double confirm
note that AUD and CAD were also sell options....I'm not a big fan of CAD and - well ive already discussed the AUD sell already
when we are in UK trading hours I am really looking at the Euro , GBP and CHF to be the majorly active trades for scalps - the commdolls s/be more sluggish as its sleepytime for the countries involved
ok work calls..........later
N
