Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

hey all

apologies - tied up all of today at work

perhaps tomorrow
N

 

[NVP]

hey all

jees what a damn week at work ..............will finally take a look at the markets now

N

 

[NVP]

I did take a few peeks in the week but never got the time to play ............

heres the 4hr TF on a default 20ma setting for my FXCorrelator ..........its available for free below in the link areas in my signature area.......why not give it a try ?


the Green USD has been very very very bearish this week ..........it rarely gets to the bottom of the pile so it was a great week to trade and sell it !!!!

look at all those buy currencies ive lists on the chart .........the G/U alone offered nearly 200 pips in the week ............the other combined probably offered another 2-300 pips :cheesy:

only the turquiose NZD and the Brown CAD didnt join the party ........such is life

later all :smart:
N

 

[NVP]

hey all

I make no apologies for the fact that much of my teaching here at T2W and in my free documents are a basic intro to what I do with forex strengthmeters and it does not have exact clarity and rules and entry points and exit points and when to trade and stoploss levels and take profit levels ....etc etc

why ?

c'mon dudes ...............if you really want to master something you dont just copy someone else ...................thats not the way to being the best trader you can be !!!

and you dont need to pay someone £2-3000 to learn one end of a candlestick from another ! (because thats what you are paying for - believe me).......

I will publish something more specific at some point.............it will document what I do and take it to the next level .............basically using theses variables shown below....

but I will never never ever be able to guarantee profits or to make you a sucessful trader .....only you can do that

later
N

 

[NVP]

mornin all

had a quick look at the markets.......... 1hr TF on my standard 20ma FXCorrelator (see links area)

green USD has held over the weekend it seems and is still pumping north

euro and NZD taking hits

go gettum
N

 

[NVP]

heres the lower TF 5mins ....still on a 20ma setting

earlier N/U and E/U sells ..........just following the higher TF lead !!!

of course I see other opportunities and also other failed moves ...........but thats trading.....and this is a free simple system

c'mon any additional edge i bring to my table after 13 years of doing this (with respect) i'm not going to offer up here am I ?

if you want guarantees buy a washing machine :smart:

N

 

[NVP]

gotta scoot - but I like this a lot as a buy

NU

later
N

 

[NVP]

gotta scoot - but I like this a lot as a buy

NU

later
N

a handful on a scalp ..........most I was looking for

meanwhile watch the G/U as a buy

N

 

[NVP]

ive got my eyes on buying G/U and also half an eye on Buying U/J

hmmmm
N

 

[NVP]

if you step back and follow the golden rules ............I take my lead on all USD trades from the 1 hourly on a 20ma that I talk about all the time here and am always posting

so in that respect the Green usd is a Bull even though under pressure

but as I also say ......I'm here to show you a few basics .........and then encourage you to experiment and play .........I should never have called the N/U buy (thats selling usd) ...........but it worked for 5 pips ........why ?

because the 1 hr TF is a guideline and 5-10 pip swings on any pair is just noise ..........and scalpable !

later
N

 

[NVP]

yeeouch - GBP taking hits on lower TF .....

makes it easier to buy others against the USD if USD's decline continues

euro and the aussies as buys looking interesting

later
N

 

[NVP]

gotta scoot - later

N

 

[NVP]

yeeouch - GBP taking hits on lower TF .....

makes it easier to buy others against the USD if USD's decline continues

euro and the aussies as buys looking interesting

later
N

nope .........USD is STILL holding above the zero on the 1hr 20ma .......jees that boys got guts !

seriously today is a classic example of planning a trade and trading a plan

if you were (for example) trading on USD directional plays based on the 1 hr TF 20ma position then you would only take USD BUYS on the lower TF signals (ie they are supporting the higher TF direction)

you would wait and wait and only trade when something came good.......and not chase the markets up and down wasting time and money !!!


sprinkle in a few years practice and starting to get the feel of what currencies to trust (and when to trust them)....and you have the makings of being a good Strengthmeter Trader ........

N

 

[NVP]

mornin all .............i'm in some early meetings at work ...may get online later

N

 

[NVP]

I tested my links in my signature area to make sure the Free stuff is still there and available

(someone PM'd me and said it wasnt working ?)

looks ok to me and 1,700 indicators downloaded to date.........remember that the word document here (3,500 downloaded and counting) is just a few simple ideas I offer for free to readers who want to try out my indicator and learn a little more about forex strengthmeter trading.........its not gospel and just the tip of the iceberg in this fascinating area of trading.......

take a look if you get time ..........even if you dont take this path..... you can add it to the experiences you need before you finally decide to focus and specialise in your trading

every experience gets you 1 step closer ..........

N

 

[NVP]

couldnt get to screens today - perhaps tomorrow

I see that the USD has held above the Zero line for another day (buy)

NZD and the AUD took big hits earlier


N

 

[NVP]

mornin all ..........

on the 20ma 1hr TF the Green usd is still bullish.......so I would recommend hunting USD buys on lower TF's

N

 

[NVP]

I like selling A/U

 

[NVP]

mornin all ..........

on the 20ma 1hr TF the Green usd is still bullish.......so I would recommend hunting USD buys on lower TF's

N

and a little strategy to add here .....

1) USD is bull (above zero)
2) europeans are generally strong (euro , GBP , CHF)
3) NZD is weak , alongside Yen
4) AUD has diverged from NZD and is bullish

on lower TF's I like that AUD is falling and rejoining the NZD

call A/U sell........

N

 

[NVP]

sure the NZD might run further south as well ............but the AUD technically has more scope to run ............technically

N