Best Thread Correlation Trading - Basic Ideas and Strategies
NVP
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calling them at F's thread ........
http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4191.html#post2427144
http://www.trade2win.com/boards/dis...ert-retail-forex-trader-4191.html#post2427144
NVP
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hey all
sorry ive been out all day .........back now
heres the day ..............I've used a 200ma FXCorrelator setting to give some granularity to the moves on a 5min chart
the green usd set an early agenda of continued selling from early Asian (line below Zero).... from there its just a matter of getting into the rhythm and focussing on when the greenback retraced (rises) and then returned to trend (Sell) ..........
F is a master of calling the tops of these retraces (any pair) ...........I'm NOT !.........I will look for a little confirmation and then naturally I will find the currency with the best pattern to trade with the usd .................
so today once I thought the usd was falling again I would look at patterns to see who to buy....................not rocket science really is it ........anything rising helps !!
see where the EU buys were most solid ?
unfortunately buy 1 (early Asian on chart) would have meant you took a leap of faith that usd was really falling.........but the second signal (last few hours) was solid solid gold .........as usd was falling (for 4th time in day) the Euro (and Chf) popped up out of the pack and said BUY ME !!!
nothings perfect .........but using strengthmeters really gives me an edge in my trading (I feel anyway)........................you couls do worse if you want to watch the whole G8 market ..................
later
N
DISCLAIMER - the 5min 200ma setting above is not a trading system.......and I certainly don't use this setup to scalp the market ..........(nothing says you cant though)...........
the FXCorrelator is just a way of showing whats actually happening with the 8 main currencies ..............as after all ..............isn't that winning half the battle before you even start to trade ?
sorry ive been out all day .........back now
heres the day ..............I've used a 200ma FXCorrelator setting to give some granularity to the moves on a 5min chart
the green usd set an early agenda of continued selling from early Asian (line below Zero).... from there its just a matter of getting into the rhythm and focussing on when the greenback retraced (rises) and then returned to trend (Sell) ..........
F is a master of calling the tops of these retraces (any pair) ...........I'm NOT !.........I will look for a little confirmation and then naturally I will find the currency with the best pattern to trade with the usd .................
so today once I thought the usd was falling again I would look at patterns to see who to buy....................not rocket science really is it ........anything rising helps !!
see where the EU buys were most solid ?
unfortunately buy 1 (early Asian on chart) would have meant you took a leap of faith that usd was really falling.........but the second signal (last few hours) was solid solid gold .........as usd was falling (for 4th time in day) the Euro (and Chf) popped up out of the pack and said BUY ME !!!
nothings perfect .........but using strengthmeters really gives me an edge in my trading (I feel anyway)........................you couls do worse if you want to watch the whole G8 market ..................
later
N
DISCLAIMER - the 5min 200ma setting above is not a trading system.......and I certainly don't use this setup to scalp the market ..........(nothing says you cant though)...........
the FXCorrelator is just a way of showing whats actually happening with the 8 main currencies ..............as after all ..............isn't that winning half the battle before you even start to trade ?
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NVP
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good morning everyone
i'm scalping for the next hour or so ...........here we go
usd came into Asian session bear/neutral.............and has now bust out north at present ...its only a little off of yesterdays usd high already ..................so we are seeing volatility
i'm live now and looking to keep buying usd on dips .....i'll take the best currencicies to sell at that moment
ok ..lets roll
N
i'm scalping for the next hour or so ...........here we go
usd came into Asian session bear/neutral.............and has now bust out north at present ...its only a little off of yesterdays usd high already ..................so we are seeing volatility
i'm live now and looking to keep buying usd on dips .....i'll take the best currencicies to sell at that moment
ok ..lets roll
N
NVP
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hey all
got to step out for a while ......just dropped a clanger on UJ but apart from that trolling along ok with net positives ...(last 10 mins shown)......although commissions are biting in ......usd is still solid buy so I should be shot for not sitting on some of those trades for longer
N
got to step out for a while ......just dropped a clanger on UJ but apart from that trolling along ok with net positives ...(last 10 mins shown)......although commissions are biting in ......usd is still solid buy so I should be shot for not sitting on some of those trades for longer
N
