mornin all......
well i have screens up.......I am actually standing in my hallway for the ethernet connection to work ....but hey i'll trade in a cupboard if I have to !
ok.........the world is not a happy place.........and G8 correlation is very interesting at the moment......
if you read this thread from cover to cover you will see my basic pattern rules .......I follow the 2 main risk on/off correlated currencies for calling plays against Equity market conditions
thats the yen and USD working as the dynamic duo.......in fact go back a year or so and it was even easier as I had the CHF as a risk player as well.....and could play the trio against each other and the market ........
but markets change gang.....and nothing lasts forever ......nothing
miss the boat and you are history in the Trading game .....the Quick and the Dead !
i am spending some time this month to see if truly I have to utilise some new patterns that are starting to yield more profitability......fascinating stuff and more on that next year ....
meanwhile heres the current picture .....
on the left is my 20/3 setting 4Hr.....it calls the bias/trend for lower TF's (or should do if I use it !)...its telling me that from the violet "X" on 29/11 the yen and USD got south and are still there....and I should focus efforts on selling them in lower TF's until conditions on that chart change.....well at least selling against the Eurozone currencies as the AUD,NZD and CAD especially are south as well......its a EUROZONE buyfest gang !
and on this weeks right chart (1hr) its still in play ......in fact even the recent 150 point fall in the Dow has not tempted both the YEN and USD much North ?
That makes them real weak puppies - still....(esp yen)
so trade what you see.........trade what you see......😉
still offline for much of today but I am around ......I am really happy to see more interaction here from people.......this is a massive subject and I openly welcome more discussion here from everyone ......after 3 years and 450,000 views you all know me and the contributors by now and I am happy to talk here and chew the cud ! 👍
so c'mon dont be shy - join the correlation crew here ....we wont bite !
N :smart: