Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

i'm not convinced here .....watch the bounce !

 

[NVP]

1.2966 is buy price for E/U .......watch for the bounce ....

 

[NVP]

ok very aggressive scalp looking for 10 pips on the E/U

entry 1.2966.....

N

 

[NVP]

tick tock tick tock ...........

 

[NVP]

i've exited ...........why ?...because it needs to move fast ........

 

[NVP]

1-2 pips slipped and we can always come back in again if the Dow does bounce

later
N

 

[NVP]

watching watching......its coming again .....

 

[NVP]

i'm in again 1.2966 fast 10 pips

 

[NVP]

i'll take 2973 as a T1 to be safe..........

 

[NVP]

see how fast it moves ?

N

 

[NVP]

I took T1 at 72.......this is hard work ....

 

[NVP]

you are all wondering what I am doing right .......

I am always skittish when things are not aligned to my BASIC RULES OF TRADING

DOW UP & yen and usd DOWN
or vice versa

look at the 15m TF .....the dow is below the 20ma and the Yen and USD are below the Zero.......its uncorrelated......no go.....kaput !

I am playing around on the 5mins trying to find some pips as I am bored ...That is not good trading .....the system I use is pretty good...I am the problem !

Tee hee
N

 

[NVP]

anyway catch you guys later ...gotta scoot ........get some pips for me

ONLY - when the rules are aligned (whatever TF you are trading)

N

 

[NVP]

buy E/U above 2971.......

c'mon !

 

[NVP]

in................

 

[NVP]

jees this is hard work today at times....hang in there

 

[NVP]

i'm only looking for 5-8 pips dammit

 

[NVP]

to be honest .....again its stalled and I am b/e..........

Right or Wrong when trading lower TF's I dont hang around waiting for the lights to change

out B/E
N

 

[NVP]

ok - just finally bagged a few pips......E/U finally delivered

Rremember this is low TF trading .........its fast and furious and I am hunting 5-8 pips normally on almost Zero tolerence re drawdowns

I'm normally focussed on E/U and G/U during london session

Gbp looked overbought (so I wasnt hunting it) but it also went up a few pips .....

N

 

[NVP]

hey all

been tied up ......ok - I am very tempted by the USD and Yens push north on the 15m TF

selling E/U and G/U

just get the Dow below the 20 ma on the 15m and trade ........its right on the nose at the moment so we may have one more bounce back first

N