Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Legendary member
36,647 1,861
ok hey gang ....teabreak over

twitchy morning so far .....i havnt really scalped much ....

NZD is the bull currency at moment ............cad the sell

im waiting for GBP to show its colours ..........my impluse is bear off the overnights ....

low 2860s befroe i start hammering cable south

ucad buys and NZD buys are actually the primary scalps

ucad up from 3265 to 84 so far this morning .....
 

NVP

Legendary member
36,647 1,861
sorry guys ...i got little tied up trading with some other traders so was not posting on forums

ok Cable got down to low 30s earlier (i had scalped it south)...then it turned over ....must admit i hav'nt chased it much so far north...........whilst GBP is indeed a strong Bull ...........so is USD !

Ucad has offered Scalp action from 3260s to 3314 so far .....and i was scalping it most of the way (See earlier posts)
its retracing at moment

looking at my strengthmeters i have been on the best mover re the bull UCAD in the absence of Cable happening

Swissie , Euro , and AUD have all had bear moments....to be traded against a bullish Yen , USD , GBP and NZD

back later
N
 

NVP

Legendary member
36,647 1,861
where has the site been ?..........couldnt get in earlier ...heres the latest copied from my Blog/website today

7:34 GMT
morning all
steady scalping morning so far ...all good

ive been selling mainly CAD and now GBP

im buying yen and USD both decent bulls

shaping up well



8:02

obvious resell on cable last few mins at around 2867

10:40

sorry been mentoring / trading with a small group last hour or so .....couldnt post

ok GBP has gone north big time ...........i was happy from around 8.40ish

been buying cable up from 2870s to 2920s so far ...nice !

all other GBP pairs are good .......but i prefer cable re spreads...........
 

NVP

Legendary member
36,647 1,861
hey all


CAD and GBP are still providing most action today ....GBP north and CAD south ......

i needed cable at 2900 to justify rebuying .....its at 2916 now so in play

Ucad bull bus still running .....nice plays this morning
 

NVP

Legendary member
36,647 1,861
GBP hot approx +90 pips from opening 6am london a while back

no complaints from me ....if you cant take a few pips from an Alpha currency that booms 90 pips bull...then you ARE IN THE WRONG BUSINESS .....;)

anyway GBP has flattened and Cable is way off now some 15-20 pips from 2968 recent high

its in a small rally though if you are watching ........if it can get back above 2956 i will start paying attention

CAD still a useful sell ....

have a good night
N
 

NVP

Legendary member
36,647 1,861
GBP hot approx +90 pips from opening 6am london a while back

no complaints from me ....if you cant take a few pips from an Alpha currency that booms 90 pips bull...then you ARE IN THE WRONG BUSINESS .....;)

anyway GBP has flattened and Cable is way off now some 15-20 pips from 2968 recent high

its in a small rally though if you are watching ........if it can get back above 2956 i will start paying attention

CAD still a useful sell ....

have a good night
N
hey all ...just final post.....it did hit 56 earlier and i got back in to 69 high so far

N
 

NVP

Legendary member
36,647 1,861
morning gang......

a little tricky so far .............GBP the alpha Bull ......Euro and Swissie the sells

cable broke up from 2940s to 2960s so took a couple of fast scalps ....sat on hands since and bounced it back up from 2940s again recently to 2960 so far ......textbook support plays !

N
 

NVP

Legendary member
36,647 1,861
last bull scalp was 81 to 92 on cable .....only game in town at moment

GBP now to +50 pips for morning
 

NVP

Legendary member
36,647 1,861
grinding out the Cable bull run .......cable been to 3030s now .....some 80 pips north of where i started scalp Buying it ....

superb mornings trading so far !
 

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