Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Well-known member
Jun 21, 2004
35,801
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west sussex, UK
fxcorrelator.com
morning all ...

ok morning .......

usd has been a sold bear from 6am BST......that give me an easy ride with usd trending

CAD, Swissie , AUD even EURO at times worth buying into usd for scalps .....EJ has been good more recently as well as Yen has dropped south down through the usd

anyway ....usd and yen have only sold off to 20-25 pip levels and best bull so far AUD has been to +20 pips ............so not exactly mega volatility just yet .....but acceptable for a monday

have a good one
N
 

NVP

Well-known member
Jun 21, 2004
35,801
1,733
223
west sussex, UK
fxcorrelator.com
I get contacted by a lot of people asking about forex strengthmeters

what are they ?
are they really useful in forex ?
should i use one ?
what is the best ?

the list of questions is endless ...........

and I sympathise ..........when i built my first one back in 2001...there were only a handful of programmers looking at them on the retail market side of the trading business .....

how things have changed ....

these days you get a free strengthmeter with every packet of cornflakes .........every vendor tries to sell you one .......every broker has a suite of them loaded for your forex analysis

and 95% of all traders dont use them or use them wrongly .......trust me :)

im working on some training stuff and may ask the mods here at T2win if i can publish an article or 2 here

watch this space ....until then the links below provide free training and advice on Forex strengthmeter based trading solutions

N
 
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NVP

Well-known member
Jun 21, 2004
35,801
1,733
223
west sussex, UK
fxcorrelator.com
hey all

Euro and Cad have been the buys today ......USD, swissie.... Yen all had their bear moments

a few pips around if you played these moves with correct timing etc

N
 

NVP

Well-known member
Jun 21, 2004
35,801
1,733
223
west sussex, UK
fxcorrelator.com
hey all

been tied up the last week or so on some other projects ......heres some musings on the USD

http://www.blackswantrading.com/blog/2018/6/12/donalds-dollar-dilemma

heres the GREEN usd tracked against other G7 in last few months....

its a fixed price FXCorrelator on the top from 1/1/2018 and then the default 20ma FXCorrelator available for free in links below.....

see how Greenback is now second bullish currency in 2018 so far ?
see that big push in mid April for the Greenback ? (and the 20ma bull move crossover ?)
see how its flattened in last few weeks ?

now what ?

hey how do i know ? ........just trade what you see gang

TRADE WHAT YOU SEE :)

N
 

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NVP

Well-known member
Jun 21, 2004
35,801
1,733
223
west sussex, UK
fxcorrelator.com
hard work this morning in markets .....

usd mainly flat so far .....which mean no fun for anyone on majors

yen has been most bullish since 6am BST but i cant get much of a bounce so far off the EJ or UJ sell options ....

euro showing some bullish tendancies now .....so hunting Euro bull plays off the usual pairs

ZZZZZZ
N
 

NVP

Well-known member
Jun 21, 2004
35,801
1,733
223
west sussex, UK
fxcorrelator.com
Hey - I have never said trading is easy ....its not ....:)

and dont believe all the ridiculous vendors out there that say it is easy....

especially if you use their wonder indicators.....and you will become successful overnight

(hint) you wont ......

#1 - get a method in place that allows you to SEE the market ......fully 24/7
#2 - now develop some predictive patterns and systems based on what you see
#3 - trade those systems using sensible Entry / Exit and money management rules
#4 - constantly review and improve the system and yourself in applying it

N
 

hatemypips

Active member
Nov 11, 2014
224
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hey gang ...gbp has continued to drill north and ive been mainly on it

yen has also been a cracker sell all day

have a good weekend
N
Sales data boosted bets on Pound but how long the relief will last is a puzzle. I think its' all depends on how traders interpret ECB, I mean broad dollar sell-off should soon start again as the search for yields will resume
 

NVP

Well-known member
Jun 21, 2004
35,801
1,733
223
west sussex, UK
fxcorrelator.com
hey all

early days today ...........usd running bull .....im playing it into GBP sells at moment mainly since the 3250's ...........and i will keep hitting it in that range shown until failure

ive got a default 20ma FXCorrelator in as a guide on a 1 min ...see the red and green lines ?

N
 

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