Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

see.........the yen and usd are now all south of 80/20's and we await the dow to get north

the NZD is in the buy seat :smart:

N

 

[NVP]

you must let the Dow at least breach its falling 20sma

 

[NVP]

see how having the 6 MA crossover criteria (2x Dow / yen / USD) keep us out of chop ?

 

[NVP]

nearly there......................:whistling

 

[NVP]

or is it ?

we need more confirmation :smart:

 

[NVP]

now the yen is going back north on its 80ma...........hahahahaha

 

[NVP]

this is why I will be offering on my website (and using myself) more
automated signal alerts

you can sit for hours pulling your hair out waiting for confirmation........but thats trading !!

and I have to get back to work now

later all
N

 

[NVP]

ok heres a punt ........

this is not 100% perfect as

a) the dow is not even above its 20ma
b) the Euro is still below its 80ma

but thats life and I wanted to give you a show before back to work ....:smart:

N

 

[NVP]

c'mon euro...............:clap:
N

(its not a football match NVP....jees he is sooo unprofessional )

 

[NVP]

bailing as I have to go back to work...............no harm done and no losses

this is a little 50/50 for me so perhaps step back and wait - we have all the time in the world my friends

leave it on if you have courage (assuming all conditions remain)....and watch the GBP ...........its a shark waiting to strike north again perhaps

later all
N

 

[NVP]

and watch the wildcard cad to rise ..........!!

 

[parjudi]

sure you can

can you show me the format of your pairchart prefix

eg on ODL/FXCM my currencies show up as

GBPUSD-gbp

whats yours for GBPUSD ?

N

Hello again Sir,
I just posted 1 post, but here you are with 11 post added, how can I manage to catch up with your speed?. My pairchart format is usual, without any prefix.
Do we have always to use Dow in every session or we can replace with FTSE in UK session? and one more thing, can I combine this bold tag team with other strategy like basket trading? or we'd better to left them alone ?
Thanks a lot Sir.

 

[NVP]

Hello again Sir,

I just posted 1 post, but here you are with 11 post added, how can I manage to catch up with your speed?
this is not fast...........try scalping the 1 min charts hahahahah .

My pairchart format is usual, without any prefix. will drop it in soon - may be tomorrow due to difficulty in accessing some archive files from work....

Do we have always to use Dow in every session or we can replace with FTSE in UK session? Try it .........i have no idea as I havnt tried it much

and one more thing, can I combine this bold tag team with other strategy like basket trading? ...........naturally.......its a no brainer really as our main weakness here is predicting the currency to trade against the yen and usd :smart:


Thanks a lot Sir.... you are most welcome

sorry P

just a little lunchtime posting jaunt from me

answers above in red

 

[NVP]

and remember remember remember everyone..........we have not had a PURE 100% correlation signal yet in the US opening session

(last one was around 7.20am GMT)

if you want to be safe ensure the dow is above or below its 80 and 20sma

and the yen and usd are opposite to it and also above / below their
own 80 and 20 FXcorrelator ma's


thats the same for any timeframe you are chosing to trade

N

 

[NVP]

hey all

if the 5 min bar holds this is first 100% signal since 7.20 am this morning

c'mon corrie do your magic :smart:

N

 

[NVP]

aud GBP and EUR all in the money.....c'mon !!

 

[NVP]

I havnt even thought about a Target for each

hahahahahaha
N

 

[NVP]

and so I paid for it..................yeooch that was a wicked turn

N

 

[NVP]

ok gotta go...........

I am not a Full time professional trader and certainly I am not an "expert" on trading

many many other people will try to tell you on these forex forums they are and buy their products ....and of course the many marketeering junk mail sites out there :smart:

what you get here is 100% honest interpretation of the markets via the corrie - warts and all !!

the market is an imperfect monster that moves as it wishes 24/7 and answers to no-one

sure we can make the rules loads better and there are 1000's of ways to use this indicator
to tighten up trading signals and results - I havnt even touched the surface here or in my private work

and remember the 5 mins are looked on by most as a very poor substitute for highter timeframe reliability
that of course we can accomodate as well by changing the timeframe on the chart

we just all need to practice prtactice practice and experiment .........

Rome wasnt built in a day... (so how long did it take dammit ???)

N

 

[NVP]

looks like the direction has settled ?

10-15 pips is always my first target generally after spreads on the 5mins

N