Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

see - the 15m is teasing again...drawing us towards the top end of the band

This I like......I want it to keep going up until its around the band ..then I will attack the bounce say on the 5min TF ..as I know that generally we are going to get retracement

N

 

[NVP]

here you go

i'm not trying to bully the market but the USD and Yen are ABOVE the Zero whilst Dow has overstepped the resistance level i was watching

Result?


I am hoping to see the Dow now retrace and we mop up some USD and Yen buys ...

the GBP is already south

N

 

[NVP]

so

below 1.30 for EU
below 1.6075 for GU

could be the approaching play ...assuming the dow folds back into the previous trading range

N

 

[NVP]

looks like it faked me !

if the Dow now charges onwards and upwards go back into buy mode on E/U

later
N

 

[NVP]

flying !!!!.....nice E/U move up

 

[NVP]

tighten it though......

 

[NVP]

gotta say ........i'm still hunting a retrace on the dow

selling E/U below 1.3039 if dow come south now

N

 

[NVP]

ok that test price is gonna hit on dow opening so be careful ..we will see what happens

 

[NVP]

jees USD and Yen are diverging......no idea what happens next

 

[NVP]

looks like the E/U sell is on when it hits.....

 

[NVP]

remember this trade is based on the euro being overbought.....its not standard signals ....

 

[NVP]

right on the line .....but dow is holding ...grrrrrrrr

 

[NVP]

personally i am gonna punt it now......looks pretty high probability we are gonna get some retraces and some decent moves on E/U below 1.3029

 

[NVP]

remember I called this originally at 1.3039....but I have been dithering....sorry

 

[NVP]

I am going to personally kill the Dow if it lets me down now ...... 🙂

 

[NVP]

this call is anticipating a turn in the market .....its early doors

but thats trading..I come here every day and put it on the line

N

 

[NVP]

step out ......small loss 2-3 pips ....now wait

insane dynamics !!!

 

[NVP]

yen and USD are not responding south to the Dows continued rise.....

that tells me to buy these guys against a falling currency......

its in freeze mode at the moment
N

 

[NVP]

now see G/U heading down towards 1.61 ?

something is up.....

 

[NVP]

sell G/U below 1.6095