Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

Correlation rules.........get it ?

correlation RULES.....

jees - i crack myself up sometimes :whistling

Nurse it is time for my pills yet......the voices are coming back !
N

 

[NVP]

one of the ongoing questions I am asked is why not ignore the Dow altogether and just go on the Tag 80/20 confirmations ?

Good question , Good question my friends ............some detailed backtesting would be needed to establish if this provides a help or a hinderence to the trades

and something everyone who knows me will tell you I just cannot be bothered to do.........i'm a screentime eyeballing man not a stats man (my fault)


N

 

[NVP]

jees my eyes are focussed on that potential E/U buy (above recent highs) like a kids face on a sweetshop window.....

 

[NVP]

Euro has had a tremendous run up in recent time period on the 5mins.... so has it got more juice ?

 

[NVP]

if the tag do fold more south .....its the G/U buy that is a better bet ...just because GBP may be due to retrace now....

but this is not in our standard playbook ....!
N

 

[NVP]

A/U is actually showing most promise....

 

[NVP]

parabolic fall forming on the gbp.....interesting

 

[NVP]

sell it down to the 1.60 if it breaches the prev low on g/U

 

[NVP]

tag team are very very tight at the moment which is great news ........we just need some decent signals

 

[NVP]

europeans are teetering to fall..........

 

[NVP]

heres my game plan..........

no idea on the g6...yet :smart:

 

[NVP]

although technically we now have a tripleA sell signal on TAG team as the dow is north and the 80/20 mas on the corrie for Tag are all south....

GBP is in the chair to buy......

 

[NVP]

theres an easier 10 pips buying E/U up to its recent high as well

 

[NVP]

waiting waiting......usd is being a pain

 

[NVP]

G/U buy in in

 

[NVP]

go for the 1.61 target with s/L of 20 pips

 

[NVP]

10 pips up already..........should I take them ?

 

[NVP]

well only the GBP is above zero on the 20ma corrie so i'll keep going.....

 

[NVP]

Naaaah - i'm bailing.........10 pips is fine

 

[NVP]

now i'm watching the E/U as the tag is sill nicely south supported by a hanging dow