Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Legendary member
37,731 2,083
Forex Diary June 2021

heres the story so far early June .....

My fixstart indicator on chart is available here for £15 donation to charity

I also have many free indicators and advice here if you look in signature area...ive been trading Forex for 20 years (and other markets for much longer)....

Bulls
plenty of low key bull currencies - but the Green USD swing dominated the
week.....then USD crumbled on the Friday NFPs ....

Bears
initial selloffs on green USD but then a dramatic swing happened (see bulls)
Red GBP got hammered on Tuesday ....Turquoise NZD sold off steadily from mid week

overall though so far the first week in june was lightweight for any G8 real range / movement ...aside from USD that swung some 120 pips in week (unusual)

Trend Followers - buying USD in pairs from tuesday worked well till Friday
Mean Reversion Traders - USD on Friday was a killer reversal (but i never advocate trading NFP real time)

im always here to help cut through the Trading BS that represents 95% of all Trading commentary and Social media these days ....absolute Zoo out there .....

N
 

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NVP

Legendary member
37,731 2,083
hey gang

i know that 8 currencies swinging around any of my indicators looks like a deranged jackson pollock Picture !

its mayhem ! ....lines everywhere !

so remove some ....focus on the currencies you generally trade ....

all my indicators allow this .....

if you want to still see your currencies in relation to all 8 currencies then maybe colour some of them all Grey or something ? ....again the indicator allows you to do this

just a thought
N
 
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NVP

Legendary member
37,731 2,083
hey gang,

heavily tied up on other projects so will not be posting here for a while now.....

everyone knows where to reach me if they need help or advice on my indicators and strengthmeter trading in general

cheers
NVP
 

kevinberry

Junior member
36 5
Having someone explaining how correlation trading actually works is awesome. I'm really looking forward to getting answers to average correlation in a particular time frame and what should be a good strategy to anticipate the movements.
 

NVP

Legendary member
37,731 2,083
SELLING WITHOUT SELLING
there is now a definite pattern forming to contemporary modern day trading vendors ....

#1 ....establish strong followings through high quality FREE videos and content

#2 give away free indicators and systems that seem profitable - with stats to prove it (100+ trades tested)

#3 open up free discord and other channels

#4 use admin and support to boost it like crazy

#5 sell stuff through the back door

What’s the back door ?


#1 broker commissions. for example one guy is pure tradingview platform focused. he has currently >12k members on his discord channel and I’ve repeatedly requested other platform versions - nope - nada - TV funded !


#2 secondary websites and followers offering advanced systems and services - the original mentor seemingly remains free and above it all, but will be commercially linked to his teachers - one famous forex youtube channel (100k+ members) has sold huge commercial content via his followers spinoffs.

3# and god knows what else - these guys are all so streetsmart it hurts - they create spinoff “wealth” channels and other marketing based educational content - for example crypto is huge now and I’m figuring most are selling it alongside a piece of the platforms & brokerage to trade it. Watch for NFT promotions and other boosters as well.


All soo smart and logical - build a cult and
people will follow you blindly

These guys are making the old generation flesh crawlers (watch for 30 seconds on any YouTube trading video and their ads will soon appear) seem like dinosaurs ...

Selling without selling is now the new norm

So just be aware gang ....
N
 

NVP

Legendary member
37,731 2,083
Forex Diary June 2021

Hey Gang..

interesting June action on the G8 as seen through my FixStart FXCorrelator available here for a small donation to charity

Bulls
Green USD and its partner yellow JPY have creamed it so far ....watch the correction on any month end TPs

Bears
Red GBP hurting bad and brown Cad also taken some flak.... Blue Euro has been weak as well

so hats off to you buying USD and Yen into Sterling , CAD and Euro ...some decent pips around (450 pips on cable range so far in June)....

Trading gets easier if you look at the bigger picture - with 28 pairs to chose from across some 9 main Timeframes amounts to over 200 charts on offer .... why not try using Strengthmeters to pick the BEST chart to trade ?

have a good one
N
 

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dwg

Newbie
2 0
Forex Diary June 2021

Hey Gang..

interesting June action on the G8 as seen through my FixStart FXCorrelator available here for a small donation to charity

Bulls
Green USD and its partner yellow JPY have creamed it so far ....watch the correction on any month end TPs

Bears
Red GBP hurting bad and brown Cad also taken some flak.... Blue Euro has been weak as well

so hats off to you buying USD and Yen into Sterling , CAD and Euro ...some decent pips around (450 pips on cable range so far in June)....

Trading gets easier if you look at the bigger picture - with 28 pairs to chose from across some 9 main Timeframes amounts to over 200 charts on offer .... why not try using Strengthmeters to pick the BEST chart to trade ?

have a good one
N
 

dwg

Newbie
2 0
Hi Neil, I am reaching out to you for help with the FXCorralator, I have sent you a number of emails but as yet I have had no reply. I am an elderly person who will be looking at 80 in a couple of years but
i like to keep my mind active. I am not computer savy so doing what you think is simple but to me it is very hard.
Please please help me
David
ps. I had to come here as I do not know what to do
 

NVP

Legendary member
37,731 2,083
Hi Neil, I am reaching out to you for help with the FXCorralator, I have sent you a number of emails but as yet I have had no reply. I am an elderly person who will be looking at 80 in a couple of years but
i like to keep my mind active. I am not computer savy so doing what you think is simple but to me it is very hard.
Please please help me
David
ps. I had to come here as I do not know what to do
Hi David

I have responded earlier this week - let me know if things are ok now

N
 

NVP

Legendary member
37,731 2,083
Forex Diary week ended 2nd July 2021

hey gang

a good week on the G8 as seen through my FixStart FXCorrelator available here for a small donation to charity

Bulls
Green USD and its partner yellow JPY commanded the week ....USD was rolling until the NFPs crushed it friday

Bears
Brown CAD was hurting at times ....turquoise NZD and Orange AUD were also struggling into mid week

so hats off to you buying USD and Yen into CAD mainly to mid week - most pairs did ok in fact to Thursday...then all change Friday as USD folded ......

Trading gets easier if you look at the bigger picture - with 28 pairs to chose from across some 9 main Timeframes amounts to over 200 charts on offer .... why not try using Strengthmeters to pick the BEST chart to trade ?

have a good one
N
 

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NVP

Legendary member
37,731 2,083
Hi Neil, I am reaching out to you for help with the FXCorralator, I have sent you a number of emails but as yet I have had no reply. I am an elderly person who will be looking at 80 in a couple of years but
i like to keep my mind active. I am not computer savy so doing what you think is simple but to me it is very hard.
Please please help me
David
ps. I had to come here as I do not know what to do


Hi David

i also updated my PDF on how to load the Free indicators .....use the first area to detect where the indicators go

hope all ok now - let me now by email if help still needed

N
 

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NVP

Legendary member
37,731 2,083
Having someone explaining how correlation trading actually works is awesome. I'm really looking forward to getting answers to average correlation in a particular time frame and what should be a good strategy to anticipate the movements.
ask away Kevin - im always around ...N
 

NVP

Legendary member
37,731 2,083
Forex Diary week ending 9th July 2021

hey gang

oka great week for 2 currencies as seen through my FixStart FXCorrelator available here for a small donation to charity


JPY / Yen got real bull up to thursday (+200 pips) then profit taking took its toll
CAD got real messy as a sell again trough to Thursday ... -250 pips and counting

thats it ...the rest were minor players and participators .....if you were not trading CAD or Yen pairs in the week you were struggling ......

wish it was always this easy .....

N
 

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NVP

Legendary member
37,731 2,083
Forex Diary week ending 16th July 2021

hey gang

ok heres last weeks G8 action as seen through my FixStart FXCorrelator available here for a small donation to charity

BULLS
yellow JPY / Yen hit +100 pips by thursday
Turquoise NZD and even green USD both got close

BEARS
Brown CAD got real messy as a sell -120 pips
Blue Euro and Red GBP also came south but much lighter

SWING OF THE WEEK
yellow Yen was net -30s negative early tuesday.... so hit +130s swing by later in week

TRADE OF THE WEEK
CADJPY had a decent sell in week of about -0.7%

thats it ...the rest were minor players and participators .....if you were not trading CAD or Yen pairs in the week you were struggling ......

N
 

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NVP

Legendary member
37,731 2,083
Forex Diary week ending 23rd July 2021

hey gang

ok heres last weeks G8 action as seen through my FixStart FXCorrelator available here for a small donation to charity

BULLS
yellow JPY / Yen hit +140 pips by Tuesday - big fast plays
decent performances from grey CHF, green USD, blue Euro and then later in the Week brown CAD

BEARS
Brown CAD got real messy on monday as a sell -130 pips
Red GBP also came south on Tuesday to -120s

SWING OF THE WEEK
Brown CAD was net -130s by US session Monday then swung hard to hit +100 by later in week....+230 pip net swing !

TRADE OF THE WEEK
CADJPY went hard South on monday as already mentioned above ...but the CAD swing was awesome with CADJPY then going some +260 pips ..........thats awesome action !

thats it ...the rest were minor players and participators .....

N
 

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