Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

G/U is in on the pairchart but i'd prefer some more confirmation re a usd fall

 

[NVP]

thats better......c'mon my son !! (sorry thats a horseracing term)

(you can take the boy out of horseracing but you cant take horseracing out of the boy)

N

 

[NVP]

gotta go now as work duties call...........lets see if the G/U delivered any pips later

N

 

[NVP]

Chf may be a decent sell into the tag team as well.......but thats a very contrarian advanced trade signal and not for beginners

N

 

[NVP]

hey all......hmmm that usd continues to dissapoint me......its not embracing the dow push up !

the Chf sell is looking promising though........

 

[NVP]

forget the G/U buy..........the tag is looking really strong now against a rising dow........thats not good and will rocket north if Dow falters

N

 

[NVP]

the usd is very strong now...watch for some nice sells on the G6 if the Dow futures falters below say 11810 or so

 

[NVP]

about 8-10 pips on offer re that Chf sell if you took it

 

[NVP]

frustrating frustrating

the GBP is still relatively strong..........but usd is now above the 80 and 20ma as well now so they neutralise each other and no trade..........need the dow to start moving again

not surprisingly the tag team are not aligned also

when the corrlelation falls over I have no confident trades !!!!

 

[NVP]

see how it looks like the G/U is coming again ?

dow pushes north and hopefully the U will weaken (See below)

N

 

[NVP]

of course I could just trade the Dow futures.......but thats toooo easy !!!

 

[NVP]

1.5893 now and rising..............1.5900 in target

E/U has had a nice run up as well recently

 

[NVP]

I have to go now but heres it all on 1 picture summarising what I preach here

I'm not a professional trader so my comments sometimes regarding targets/holding positions/closing positions are naive and inexperienced...........

but when the FXcorrelator and the Dow align you pounce like a tiger..... and it usually works out ! :smart:

N

 

[NVP]

jees the gbp is on fire now...............rock n roll !

 

[NVP]

and the E/U is flying.........

 

[NVP]

believe it or not this stuff works on Gold and Oil as well...........but i'll talk about those dudes when I get more time and space

N

 

[Adamus]

jees the gbp is on fire now...............rock n roll !

How about target 1.5940 ?

Actually my target is 1.5922 but thats mechanical (& never too optimistic.)

 

[NVP]

How about target 1.5940 ?

Actually my target is 1.5922 but thats mechanical (& never too optimistic.)

Hi A

you got the air on the GBP rise..no ceiling really there (middle chart)

USD is dropping towards the days low soon so a Resistance level could bounce it (middle chart)

Dow needs to keep climbing as well (right chart)


I think its all down to the GBP now and if it keeps going .......lets see.........

N

 

[NVP]

hmmmm - your gonna eat some serious retraces my friend before even the 22.........

 

[NVP]

around the 5900 is a battlefield at present....dynamics flying everywhere