Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

Euro just became the weakest currency on the 20ma 15m TF....

(It already is on the 1h TF 20ma)

be warned....

 

[NVP]

actually G/U looks more promising as a sell than E/U .....

 

[NVP]

ive got a sell set at 1.21 for the E/U.its gonna fold fast

 

[NVP]

in ....

 

[NVP]

Damn G/U was the sell..would have been comfortable B/E by now .....grrrr

 

[NVP]

hmmmmm .....i'm gonna bail on a couple of pips loss......not convinced

 

[NVP]

the G/U was the scalp sell and i missed it..on 15m's my volatility indicators are telling me ive missed the boat selling E/U for a while

I only get so long on a window of opportunity ..and I picked the wrong horse

N

 

[NVP]

and if I miss it now .....such is life ....!!

 

[NVP]

ok

1.2095.......this is good but I would like a retrace before trying again .....

 

[NVP]

1.2090............

sure I missed a trade earlier .....but its not worth getting bothered .......I will take this on retrace ....

I have all the time in the world to trade .......

 

[NVP]

1.2104.............ok here comes the bounce

in my world i have a very overbought yen and USd on the 4hr's so i am nervous of more action like the quick move we just saw....

but a little lightening of the load with E/U back up in the 1.2120's and I will not then worry about selling it

N

 

[NVP]

1.2115....now getting interesting......

 

[NVP]

the G/U is still very very weak and not responding to the current retrace much....hmmmm

 

[NVP]

GBP is a strong strong sell .... but what to buy ?

 

[NVP]

1.2114.....................E/U is stalling

N

 

[NVP]

its all tempting

but I need a little more action on a rising USD and Yen to tease me into selling either G/U or E/U

N

 

[NVP]

1.21 will fall again ......but boyoboy its tedious

be patient !

 

[NVP]

its funny .......what I really want is a spirited bit of Dow action north that flushes out the overdue E/U and G/U retraces (north) and then gets it all back in equilibrium for more sells on E/U and G/U

at the moment its all to tedious

N

 

[NVP]

EU = 1.2094

I would prefer more dow selling ..........that will keep it sub 1.21

but not bad at all ....
N

 

[NVP]

sub 12690 on the Dow and I would be selling E/U and G/U no worries