Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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usd has had some bigger swings over recent periods..........
but it is still very much a bull play since 6ish GMT............
I called USD Bull from my early a.m. comments today .....as my 20ma 1hr default FXCorrelator picked up the move early moving above the Zero and north
some 40-50 bull pips have been provided courtesy of the USD .......to be added to bear pippage for any suitable Currencies we chose to sell........
all hail the CAD and AUD .........some 80 pips profit now on both if you had the gift of foresight this morning
my charts are always GMT -1
later
N
but it is still very much a bull play since 6ish GMT............
I called USD Bull from my early a.m. comments today .....as my 20ma 1hr default FXCorrelator picked up the move early moving above the Zero and north
some 40-50 bull pips have been provided courtesy of the USD .......to be added to bear pippage for any suitable Currencies we chose to sell........
all hail the CAD and AUD .........some 80 pips profit now on both if you had the gift of foresight this morning
my charts are always GMT -1
later
N
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Trader Seth
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Thanks NVP I was just curious. I didn't take your reply as anything other than honest. I've been making great profits myself I just haven't "retired" from my day job at the firm yet; so I use a style more suitable for the amount of time I have to trade. I've only been trading since March and I've tripled my account; so I'm sticking with what I know at the moment. I always enjoy seeing how others read the market though. Have a good one.
NVP
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hey all .......excuse me why I settle down and get my forex bearings
first port of call is my FXCorrelator - 20ma setting 1hr TF
I see a solid bear usd through Asian / London a.m. session.........now under bull pressure
nice yellow Yen bull move earlier and also the blue euro did well north................red gbp now punching north as well...but is the GU the pair whilst the USD is also retracing north ?
2 currencies moving in same direction mean positive correlation.........that's the kiss of death when trying to trade that pair !
beware
N
first port of call is my FXCorrelator - 20ma setting 1hr TF
I see a solid bear usd through Asian / London a.m. session.........now under bull pressure
nice yellow Yen bull move earlier and also the blue euro did well north................red gbp now punching north as well...but is the GU the pair whilst the USD is also retracing north ?
2 currencies moving in same direction mean positive correlation.........that's the kiss of death when trying to trade that pair !
beware
N
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NVP
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hey TS
no offence was intended - it was just I saw 1 post for you and figured another beginners comment which can sometimes lead up some strange vendor driven paths ......
150-200% return in 7 months indicates a significant return...usually only possible by scalping (check out forexperian) ..........sounds like you have found a good strategy and processes but beware of overleveraging yourself or taking excessive risks in your trading
good trading
N
NVP
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jees the usd is bullish........
it dropped about 40 pips since days opening and then its delivered a 65% retrace since ...it gave that 65% back in just the last 2 hours !!
so scalp wise I am buying the usd naturally..........I am hopeful we will see some bear again later .........but until the trend tells me that its bull steam ahead for usd
N
it dropped about 40 pips since days opening and then its delivered a 65% retrace since ...it gave that 65% back in just the last 2 hours !!
so scalp wise I am buying the usd naturally..........I am hopeful we will see some bear again later .........but until the trend tells me that its bull steam ahead for usd
N
