Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Well-known member
Jun 21, 2004
36,090
1,753
223
west sussex, UK
fxcorrelator.com
ok i promised to show where i was scalping on my charts .........heres cable based on the recent few hours

Sorry i have removed my indicators and signals ...........this is a 1 min TF chart ......

many scrubbed pretty tight or lost money ......as i was only going initially for 4-5 pips max .......but i did ok ...and the last real few sell signals before GBP went north was excellent with 1 of them running some 30+ pips...............those are the bonus balls you need to make it a good days results.....they dont always happen .....or if they do yuo have missed them !!!!

to be honest the conditions were not perfect today .......and arguably i did far too much trading there in a range ...so i was sloppy and on hindsight should have avoided 2-3 of those.......but hey ...thats trading

no complaints....
N
 

Attachments

NVP

Well-known member
Jun 21, 2004
36,090
1,753
223
west sussex, UK
fxcorrelator.com
regarding the cable recovery north .....when did I start BUYING Cable ?

im always mindful of the relative index strengths of USD and GBP for the london morning session.... but equally its interesting to see when the price hits the early london opening levels .......in truth i started hitting cable around the low 2920s ....its up to 2980s now so a cracking retrace !

N
 

NVP

Well-known member
Jun 21, 2004
36,090
1,753
223
west sussex, UK
fxcorrelator.com
hey all

ok choppy morning on G8....real messy ......

GBP was shaping for sells but its cut back north .......AUD is pretty active so that tells me that Europe is too dead at moment to trade

Yes you heard right ...i havnt taken 1 scalp as yet .....see ...me ....patience ......It does happen !!!

back later

N
 

NVP

Well-known member
Jun 21, 2004
36,090
1,753
223
west sussex, UK
fxcorrelator.com
low of 2932/33 on that last scalp so ok .......looking to resell cable again in 2943/42 area if it comes soon

GBPCAD is the real deal resell but to much spread on scalps
nvp you are like a coiled spring-imho GU just had another south signal couple of mins ago

hey BP ....man o man its a tough day so far.....im doing ok but ive had to sit on my hands a real lot .....GBP bear action is hapening ....but no real explosions yet

N
 

NVP

Well-known member
Jun 21, 2004
36,090
1,753
223
west sussex, UK
fxcorrelator.com
low of 2932/33 on that last scalp so ok .......looking to resell cable again in 2943/42 area if it comes soon

GBPCAD is the real deal resell but to much spread on scalps

this pair sold own from 7235/6 to 7210 so far from last post ....i just dont like the costs of trading that pairs spread .....not for scalping .........different story on higher timeframes ...i trade all 28 pairs there.........