Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

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Jun 21, 2004
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see how the gold line on the 1m chart (top left) follows the GBP upwards and supports the 5m where gold is already in top half ?

USD is now in bottom half of both...confirms buy europair sell USD.....well until i post this probably ! :cry:

N
 

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Nov 4, 2006
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Yambol
Correlation Trading - Beginners Corner

USD is now in bottom half of both...confirms buy europair sell USD.....well until i post this probably ! :cry: N
OK Neil, USD in all tops 4H pointing up: EUR in all bottoms 4H pointing down

Sell EUR/USD to have less € for the $, I think.

I am not actually demoing this I am just watching. Malko po malko as they say in Bulgaria. Little by little!!
 

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NVP

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I think that USD is gonna falter on that resistance line coming on the 5m chart....

gold has been screaming more of a potential fall so I think it could be soon time to buy USD and sell europair.......euro has been a trooper though going up so GBP could be the sell play

look at second chart on 1m's.......thats a major loss of momentum - with highs gradually diminishing !


N
 

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NVP

Well-known member
Jun 21, 2004
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west sussex, UK
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1m gold is doing everything except juggle fire to force USD downwards - but USD is resisting.....I think this means that soon USd will start to rise...and europair fall.....

but Euro is still marching upwards !!!