Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Well-known member
Jun 21, 2004
35,851
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west sussex, UK
fxcorrelator.com
hey gang ...in this interim time of year between xmas and new year heres a more challenging set of questions
(than just some boring new years resolutions ......)

it works for trading or just life in general .........

1. What worked last year?
2. What didn't work last year?
3. What did I learn last year?
4. What will I do differently?
5. What do I most desire for the year ahead?
 

NVP

Well-known member
Jun 21, 2004
35,851
1,737
223
west sussex, UK
fxcorrelator.com
Hi Gang and happy new year

ive reproduced belows links as they disconnected when the site was upgraded recently

I've been trading Forex strengthmeters for over 18 years and I am always happy to help traders with understanding and using them correctly (many dont !)

see the links below for some insights and free indicators

:arrowr:The basic FXCorrelator indicator is attached further below and has been used by thousands of traders over the years

:arrowr:What is a Forex Strengthmeter ? (Old 2011 Video.... but still as relevant in 2019)


:arrowr:The FXCorrelator - All my Indicators & simple systems https://www.trade2win.com/threads/c...as-and-strategies.71854/page-794#post-2197030

:arrowr:My Profile - http://www.trade2win.com/articles/1904-member-profile-nvp

:arrowr:The USD index - https://www.trade2win.com/threads/c...s-and-strategies.71854/page-1060#post-2443610

:arrowr:My Youtube channel - https://www.youtube.com/FXCORRELATOR

:arrowr:The Set of G8 indexes - https://www.trade2win.com/threads/c...s-and-strategies.71854/page-1168#post-2751802

:arrowr:The Goldmeter and related thread - https://www.trade2win.com/threads/fxcorrelator_goldmeter.157250/#post-1960498
 

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NVP

Well-known member
Jun 21, 2004
35,851
1,737
223
west sussex, UK
fxcorrelator.com
yen came back 50% on the london bear move before recommencing a selloff (50 pips)...........thats a big ask for scalpers to wait for

CADJPY is the best mover so far back into trend .....with 30 pips off the floor ....cad is a strong raging bull now late london heading into US early action

EJ has come back some 30+ pips off the support at 121.95 , but is it enough ?

N
 

NVP

Well-known member
Jun 21, 2004
35,851
1,737
223
west sussex, UK
fxcorrelator.com
yen came back 50% on the london bear move before recommencing a selloff (50 pips)...........thats a big ask for scalpers to wait for

CADJPY is the best mover so far back into trend .....with 30 pips off the floor ....cad is a strong raging bull now late london heading into US early action

EJ has come back some 30+ pips off the support at 121.95 , but is it enough ?

N
more extensions from those last currencies bear Yen and Bull CAD ...........nice nice action still

beware that yen back at london support level though ....game over ?
 

NVP

Well-known member
Jun 21, 2004
35,851
1,737
223
west sussex, UK
fxcorrelator.com
was i fussed about the flashcrash last night ?..........nope as i wasnt trading

i focussed on what moved this morning and clearly yen was coming back towards POC

thats it .....no games .......I trade what i see guys and make money

N
 

NVP

Well-known member
Jun 21, 2004
35,851
1,737
223
west sussex, UK
fxcorrelator.com
PODCASTS........

i have listened to about 30 podcasts in last 2 weeks ...........it appears everyone and their cat are doing them on the subject of forex trading

its the latest craze..........and hillarious at times if it wasnt so sad regarding some of the wannabee trading coaches producing them

I will not name names.......as you too may have encountered some of them and hopefully realised pretty quickly that they are basically audio versions of those horrendous 5,000 line sellinar pages where they will keep writing about their 100% successful system for as long as you keep reading ...........with the inevitable paypal button at the end .........buy this system !!!

I must get out more .........

N
 

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NVP

Well-known member
Jun 21, 2004
35,851
1,737
223
west sussex, UK
fxcorrelator.com
morning all

CAD strong again this morning early london......thats where i am scalping against USD from 3480s to 3450s so far

for the week so far .....after that flashcrash spike by Yen that took it some + 400 pips into the stratosphere.....yen has fallen back some 50% and has lowed its bear momentum ......interesting
GBP looks the sell now for weekly positioning

I do trade higher timeframes and they are much easier than my mainstream scalping......but I sacrifice a little profitability as scalping is where the money is due to being able to leverage my Capital faster

N