Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

counter-trend trade is developing on low timeframes

(buy usd and yen)

let Dow futures get below the 12.700 to confirm any signals received on the corrie

N

bait taken ?.....Euro will be the fall guy here so far ........

N

 

[NVP]

if you were trading the 5min TF version of my indicator below you would already be killing this move selling E/U .....!!

 

[NVP]

this has to retrace now a little ...stoplosses tightened on 5 mins

 

[NVP]

for any further moves (and to confirm a 15m TF entry) wait for the Dow to get back below (and breach) that new support line created just below the 12,700's

 

[NVP]

Regarding Euro sells......depends if anyone got some of the big moves over the weekend

if they did they wont give it back so stops will tumble as (if) Euro falls ....

 

[NVP]

whatever happens all eyes are on the Euro today .....thats the rocknroller currency

 

[NVP]

back in buy usd and yen territory .....again euro under pressure to fall

1.2600 the battle ground

 

[NVP]

HUGE pressure on that E/U sell........HUGE

 

[NVP]

sloooowly we are seeing the Euro fall and the usd and Yen rise ....

 

[NVP]

for any further moves (and to confirm a 15m TF entry) wait for the Dow to get back below (and breach) that new support line created just below the 12,700's

everyone happy now ? :smart:

Euro was(is) THE sell against the Yen and usd rises...no other currency is near it in relative falls on the 15m TF and 20ma setting ......see below

N

 

[NVP]

E/U sell firing up again on 5 mins .....

 

[NVP]

if you are on the E/U train south its the one ...........aside from E/J (of course)
nothing is getting near it for pips

N

 

[NVP]

tighten or exit on the E/U as its retracing ...........

interestingly on my 5mins I see a falling GBP......hmmmm

N

 

[NVP]

A/U buys are the obvious play now if USD and Yen get some wind back in them to fall south for a while...early days though

 

[NVP]

tighten or exit on the E/U as its retracing ...........

interestingly on my 5mins I see a falling GBP......hmmmm

N

see how more recently the market came back for more Dow sells and USD & Yen buys ........but this time it was the GBP that fell whilst euro rallied ?

so we went to G/U sells

shame about the spike though ..........

N

 

[NVP]

on the 1 hour version of my indicator (free in signature area below)

there was a signal on the 1hr TF 20ma to buy USD and Yen at 11am on the chart shown ....thats -1 GMT so actually at 12 oclock GMT today I got a signal

then you have to ask yourself some more price action and common sense trading questions to ensure thats worth a punt

if you are really cautious wait for the Dow to get below the approaching 80ma and confirm the move before looking at the currencies...

but clearly you will miss out on the current (early) entry signals on pure 20ma settings which were suggesting the CHF and Euro as sells who were below the zero line at the time and still are .......

other currencies are flowing south as well now ....decisions decisions !


N:smart:

 

[NVP]

and on the daily setting you may be gamely trying to make money on some Aussie D buys and NZD buys into a falling USD and yen ......

or is that now fading away with todays retracing action ?

Damn this stuff is hard ! 😉

N

 

[NVP]

no one said trading is easy ...........

if anyone tells you it is they are about to sell you something ......

 

[NVP]

see how more recently the market came back for more Dow sells and USD & Yen buys ........but this time it was the GBP that fell whilst euro rallied ?

so we went to G/U sells

shame about the spike though ..........

N

G/U still going down nicely 👍

 

[NVP]

1.55......