Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

hey all

hope you are enjoying Mr Corries little brother the Goldmeter.....

meanwhile the Dow is back off of the ECB's SuperMario comments yesterday......

limitless support , limitless support , Free money for countries.....

oh dear oh dear.....

so today I stay bearish on Yen and USD ....and I am liking AUD more and more .....

People are writing off the AUD as a huge bear....I disgagree.....for 1 thing they dont run printing presses ......and thats the name of the game for Q4 my friends......

Buckle up and watch gold as well.....

Now will Dow breach that Resistance line today ?

NVP

 

[NVP]

and I really dont get the Euro's Kicker......sure it may now have an extended future as a currency.........but a currencies value rising because of printing press news ?

thats not gonna be sustainable surely ?

time will tell.....

 

[NVP]

stepping back a little I put my Weekly charts hat on......

what do we see ?

Well we see the Dow now back in the 2007 heady heady high price range ........

will it breach and the world charge on to bigger and better things ?

will it bounce and we see a classic resistance pattern emerge ?

time will tell..........but it wont be for the lack of effort from global printing presses - all prepared to inject it full of steroids

N

 

[NVP]

jees .....its all Euro bull market today ....amazing .....amazing

 

[NVP]

that dude is just showboating today ...jees !!

 

[NVP]

hey all

FXCorrelator W/E 7/9/12|FXCORRELATOR

heres the week .......steady and profitable correlation

as I mentioned in my thread yesterday ....I was not convinced about the euro's Bull move

so my loss !

NVP

 

[FringFX]

how can you doubt supermario and heliben

 

[NVP]

how can you doubt supermario and heliben

pretty easily.....like all politicians and other Economic supremos who tell us not to panic and everything will be alright....

Mr Market always knows better ! :smart:

N

 

[NVP]

hey all

heres the final present of the week...Thanks to Nlenz I flipped this indicator a little.... and now it will provide you with an insight into the performance of less common currencies against the main G8 dudes I trade and comment on here at T2W......

just drop this indicator on any exotic usd pair chart you have and it will automatically show how the Exotic is doing against the G8 and more importantly the ever eternal USD

The Currency will always appear in Violet Bold

I hope you have these dudes on your charts ? (see below)...sorry If not then its not going to work

and also the USD needs to be the Lead Currency in the pairing (like below) USD/XXX

if not it will not work

hope this is helpful

N

 

[NVP]

How do I trade this ?

well to be honest I stick to my G8 boys.......but if I were ever interested then again I would be recommending trading it like the Gold Trading system i have already described this week.....

When the Currency gets above or below all the other lines on the chart then clearly it is in a big move and should be traded until this move ends....

and again I prefer to see the USD moving in the opposite direction to get the biggest move on the Pairing - Simple !

N

 

[NVP]

1 example

NOK is an interesting and highly respected Currency .....robust and a strong Economy

heres some recent daily signals where the dude is on fire.....and you thought just the euro was doing well ?

Experiment yourself ......currencies / signals / research

good trading....and thanks to Nlenz again !

N

 

[NVP]

New Week – a prediction ! |FXCORRELATOR

 

[NVP]

hey all

I dont make predictions ....I leave that to the endless companies peddling endless commentaries about the markets ......ZZZZZZZ

i'll talk about that circus again later this week.......

meanwhile the Dow is Bouncing off that resistance level last week and I am hungry to

sell the Dow, and also to get some reality back in the Euros (optimistic) wings

so I'm hunting Euro sells this week.....as long as the signals line up !


N

 

[NVP]

hmmm.....

if dow futures gets above that line on the 15m TF then I might have to concede some USD and Yen sells this morning !

N

 

[NVP]

sure - as mentioned above

USD and Yen are fading south a little.........still a sloppy London Session so far !

N

 

[NVP]

hey all

back again...........hmmmmm

See how on the 15m TF ....the Dow futures keeps challenging the latest resistance level and bouncing back ?

thats keeping the USD and Yen on a mainly bullish track so far today.......in truth though I need more aggressive retracing than this by the Dow to start making good money - and hopefully get some Euro sells going ! :smart:

and look at that GBP fall...............jees !

N

 

[NVP]

Gold buy alert ?

 

[NVP]

personally I need the dow breaching 13,300 to give me confidence.....

 

[NVP]

thats enough Gold talk......see my Goldmeter thread as this develops ....

N

 

[NVP]

Huge pressure on the Dow now to crack and to fly north......

wait wait wait and then trade......dont get fooled into an early punt until USD falls

N