Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Legendary member
36,411 1,815
think of using strengthmeters like pairs selection

remember there are 28 pairs in the G8 .....all tradable

so why trade 1 pair and not another ?

what rules would a trader incorporate to do this ?

how can they differentiate ?

remember many pairs demonstrate similar signals at the same time (thats part of the correlation pattern)

this is my edge .......and where in truth i utilise my FXcorrelator most sucessfully

I get on the right pair at the right time in the right place


N
 

FxPipser

Junior member
15 1
in correllation systems you cannot detect retracement after trend. ony 2 systems types possible 1) trend or 2) flat
what type is yours ?
 

NVP

Legendary member
36,411 1,815
i can use both trend continuation and mean reversion strategies in my work ....depends what market is telling me

N
 

NVP

Legendary member
36,411 1,815
hey gang

jees ....my house is taking longer than i wanted to finish ...trading time has been light and mainly private with no chances to post much or commentate .....

i am nearly there and the trading room back in business next week hopefully ...got to get kit back from storage as well

N
 

NVP

Legendary member
36,411 1,815
morning all ...

trading a little this morning ..........but not yet fully up to speed on trading room yet

ok USD is bear so far today ....yen following ........so risk on plays prominent

im following cable buys (naturally)....euro bull has promise so far ........nothing really dominating bulls at moment

EJ last scalp was from around 121 44/45 to 121.58 so far
GU last scalp was from 2672/3 to 2685 so far ...
GU last scalp was from 1253/4 to 1272 so far ...

twitchy though gang so be careful ...

N
 

NVP

Legendary member
36,411 1,815
GBP had a horrendous May .......lost round 500 pips as an index ........hopefully we get a better june

N
 

NVP

Legendary member
36,411 1,815
euro is best currency index so far in June putting on about 50 pips net so far .....thats why im happy to have it lead a lot of the scalping action at moment and on the opposite side of the fence USD some 70 pips down in June so far

thats what i do .......play the alphas and dont fight the trend guys ....
 

NVP

Legendary member
36,411 1,815
being patient ............gbp dropped thopugh the floor now ....

im waiting to get back into euro bull rebuys on EJ and EU

ucad looks interesting when reselling commences

usd needs to start falling though ..its really pushing bull at moment
 

NVP

Legendary member
36,411 1,815
messy session

USD has wandered back north from decent sells earlier
Yen held bear ......but my euro has fallen towards it rendering a scrappy EJ morning

UJ (buys) was actually a decent play last few hours but i dont like that pair at all as they tend to move together and you are only playing off the volatility of the Yen compared to the slower USD

GBP rallied back but what to sell into it on scalping spreads ? ....nada

so all in all a relatively slowish session for me ......but thats trading

N
 
  • Like
Reactions: trendie

NVP

Legendary member
36,411 1,815
hey all

slooow friday ..........

gbp has been most bullish so far of G8 ....but hardly impressive
Chf swissie most bearish .......again unimpressive - even for CHF
nothing else really moving - including the flat USD

been on cable from 2700 to 2720s so far ....ZZZZZ
UCHF offered from 9920-9940s so far ....ZZZZZ

obviously GBPCHF the best trending pair this morning - 1.2600 up to 2650s so far
but thats a rare one for me to trade and especially not scalping

N
 

NVP

Legendary member
36,411 1,815
HEY GANG

sorry its been a pain at home here .....been a delay getting all my trading hardware back from storage so been on a couple of laptops with minimal kit ......real old school trading between finishing my house !

so no time to post or add content to my social media and website areas .......pain !

anyway perhaps a nother week and we will be there

meanwhile heres june so far on the fixed start FXCorrelator (set to 1st June open as zero)

CAD is killing market ...200 pips up from end may
Yen and USD been getting pain .....both down near -150 pips at times
euro solid bull
GBP very lightweight ....we need some drama in the conservative leadership election to get it moving again

good trading gang - happy to answer questions at moment ...as stated - i am just not very active on my posting etc

N
 

Attachments