Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

psst.....NVP

psst.....NVP

what ?

the peg on the EURCHF is slipping ......

jees .....hes right you know.....SNB is letting the Euro fly a little....

Perhaps the CHF is moving back into older traditional Territory (similar animal to YEN and USD behaviour) ?...early days though ...early days

I hope so ....I miss the old CHF moves !

N

 

[NVP]

And you thought support and resistance was only for normal pair charts ?

look at the USD (this is a 500ma setting)

will it breach further South ? or drift back up into the channel again ?

Dow's direction will be key.....if Dow falls I am full on buying USD now at this moment

N

 

[NVP]

watch the G/U !!!

above 1.6035 looks interesting..poss new high coming

 

[NVP]

retracing nicely ..wait wait wait

 

[NVP]

hmmm.....USD is starting to look not so bearish .....another false alarm

Now i'm wondering if the Dow will bounce south soon off that reisstance level
and we get a USD rally

N

 

[NVP]

yep...its rallying.......E/U looks a decent Sell / punt

N

 

[NVP]

i'd be selling below 1.2780 as long as Dow now bounces south

 

[NVP]

crazy crazy whipsaw.....Now G/U buy is looking possible

 

[NVP]

buy G/U above 1.6028....looks line Dow is breaking north finally

 

[NVP]

people have gone to aussie buys as well.....GBP and Euro are not first choices it seems !

 

[NVP]

buy A/U as well 1.0392

 

[NVP]

Euro and CHF sells are robbing us of more pips on USD sells

 

[NVP]

come out of G/U ...B/e or -1,-2 pips - sorry

 

[NVP]

exit A/U if you are nervous .....-3 -4 pips again sorry ....damn euro sells killed me

 

[NVP]

I could switch to the Euro sell as its below that price I set earlier ....but in truth calling the USD is really really giving me trouble at the moment so I am stepping away .....

 

[NVP]

exit A/U if you are nervous .....-3 -4 pips again sorry ....damn euro sells killed me

a/U back at entry price and looking bullish....

 

[NVP]

no no no NVP......step away !

guys ..........when you get drawn in and the market is telling you whipsaw things just step away ....it will always get better later on .....

later !
N

 

[A-GAME]

hey A-Game

see the free indicator now loaded in my signature area...not perfect but you can assess certain currencies vs the G8 :smart:

N

Thanks a lot I appreciate the heads up. Nice work. 👍

 

[NVP]

I see the Dow is challenging north still - and USD got a big hit south ....look at the emerging Euro !

 

[NVP]

well here we are again ...........

Dow right on the Resistance line and we are looking at the highest Dow in a long long time ......

unless we have catalytic news today I am not convinced it has the Power to break into the big time

N