Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

usd finally went Bear yesterday around lunchtime on 1hr TF........stay with it as its still bear

N

 

[NVP]

last 20 mins have been excellent selling Usd

 

[NVP]

tied up today in office ..............more time tomorrow hopefully

n

 

[NVP]

morning all ..................sorry ive been tied up ............office politics are difficult as the redundancy dates draw nearer ...........such is life

ok back to more interesting stuff ............I see the green USD is locked south of the border (Zero line) on my hr 20ma Default FXCorrelator (available free below in the links area)

thats superb trading conditions .............just buy any currency that goes north against the USD.................like the NZD below that went ballistic in early hours of this morning............

looks like only the weak Euro (and CHF its shadow) are not taking advanage of the conditions...........all others have picked up good pippage over the last 36 hours ...........keep an eye on that fact as if USD goes north those guys finally may be worth a sell

later dudes

N

 

[NVP]

all the europeans are going south on 5 mins 20ma setting ..............EURUSD sells .........NOW ....... hmmmmmmm ? :clap:

or is the Euro a little over sold ?..........:whistling

or should we wait until the usd confirms the move north ? :|

decisions decisions :smart:

N

 

[NVP]

USD is STILL soft below the Zero on the 1hr TF 20ma

look at 3 superb trades available earlier as 3 currencies headed north whilst USD stays south of the Zero...............

c'mon...... this is easy easy pips and not available that often dudes !

N

 

[NVP]

all the europeans are going south on 5 mins 20ma setting ..............EURUSD sells .........NOW ....... hmmmmmmm ? :clap:

or is the Euro a little over sold ?..........:whistling

or should we wait until the usd confirms the move north ? :|

decisions decisions :smart:

N

feeding back on this one ...........naaah............. a small handful of pips possibly selling scalping E/U ........and then USD eventually got serious south again

later
N

 

[NVP]

as I sat through hours of outplacement training this week ............I am constantly reminded of the many things I should try to do better in my trading ...........

ADAPT
FOCUS
SPECIALISE
SIMPLIFY

and so on ............

N

 

[NVP]

great week selling the USD on the 4hr 20ma Indicator
(available for free below in the links)

Monday wasnt so clear .........but boy it went all south from there !!

5 pairs were on offer to trade as each secondary currency paraded above the Zero line (and green USD below the zero line)

they are on the chart below ...................4 clear winers and the blue euro and EURUSD trade had plenty in the tank as a buy to allow a b/e trade before it sank south again

great week ..................great week :smart:

N

 

[NVP]

I truly have hundreds of variations of my FXCorrelator and derivatives indicator* ........(thanks to Jedster and the many other talented traders and programmers who have helped me over the many years on my Forex Strengthmeter oddysey)

and thats before you start playing with the Basic MA setting , Delta setting and then the pattern recognitions I sometimes talk about here .............

but in truth ................with a little training and practice ..........the core indicator on even the default 20ma setting is one butt kicking machine

take it , use it ...and what did I say in a few posts back ?

ADAPT
FOCUS
SPECIALISE
SIMPLIFY

and practice practice practice !!!!!

go for it
N


****(did i mention available for free in links below ? - ha ! )

 

[Forexmospherian]

Hi N

Must ask you to try LR's instead of MA's

All the industry like MA's - but as far as I am concerned - they just are not as good as LR's (Linear regression indicators)

Would be interesting to try them with your forex strengthmeters - another project for you ;-)

Regards

F

 

[NVP]

Hi N

Must ask you to try LR's instead of MA's

All the industry like MA's - but as far as I am concerned - they just are not as good as LR's (Linear regression indicators)

Would be interesting to try them with your forex strengthmeters - another project for you ;-)

Regards

F

yep..............I've been looking at them F .........the indicator I use here is just the tip of the iceberg myself and Jedster*** look at in our forex travels...........

for me any indicator merely represents allowing comparison of current price to a benchmark value..........above it , below it , buy , sell ?

Ma's for me give me that in a pretty understandable format ..............nothings perfect


***Jedster stays pretty lowpro here at T2W but the guy is the best damn trader/programmer I have ever met..........sometimes I even understand what he is talking about

N

 

[NVP]

morning all

The 1 hr 20ma TF shows green USD held the first overnights of the week .............this could indeed be a switch after last weeks USD sellfest .....

on lower TF's I like the Yen selling so U/J buys are high on list at present

N

 

[NVP]

strange ...I cant open up deleted charts ???

anyone ????
N

 

[NVP]

strange ...I cant open up deleted charts ???

anyone ????
N

dont worry ....I seem to have lost all my history of deleted charts ...........such is life

N

 

[NVP]

morning all

The 1 hr 20ma TF shows green USD held the first overnights of the week .............this could indeed be a switch after last weeks USD sellfest .....

on lower TF's I like the Yen selling so U/J buys are high on list at present

N

not bad ....a handful of pips to date

N:smart:

 

[NVP]

not bad ....a handful of pips to date

N:smart:

I must say this move has extended nicely on lower TF's ..........although on the 1 hr 20ma (left chart) the Green USD has now gone south of the border..........so I wouldnt really now be entertaining further buying on the USD ..........

this trade just caught fire and kept going as Yen dumped

N

note all my charts are now GMT -1

 

[NVP]

and from then on from last post it was all sell sell sell for USD .....

some nice moves this afternoon (charts GMT -1)
N

 

[NVP]

hey all ..............unfortunately i'm busy this week with handovers at work , outplacement training and an interview with the NHS tomorrow regarding a finance role .............god help them

N

 

[NVP]

so I keep it simple here and in any trading i am able to fit in

1hour chart on a 20ma
see where the Green USD is and respect its direction
trade against it on decent momentum moves re other currencies on lower TF's

piece of cake then......... and 1 nil re buying E/U in last hour

N

charts GMT -1