Best Thread Correlation Trading - Basic Ideas and Strategies

[NVP]

made a few pips today but missed a lot of session earlier..............nasty 30-40 mins recently had me scrambling to break even in that period .........

back later
N

 

[tvtaddy]

Awesome Post

as F says .............early moves can pan out for at least the London session..............if you ride it into us then that's a bonus

yesterday was a classic usd sell fest from early doors

today ?

hmmmm............not quite there yet

N

The post is really good and is applicable at present time as well. Though 10 years last between it.

 

[NVP]

morning all

usd has opened London similar to yesterday so far ............

its holding a key support the line suggesting bull trades are in charge....

so far
N

 

[NVP]

usd is hanging bull now for a while................trying to sell europeans when presented

grinding bull run from usd now for a while ..............workmanlike and solid ..........no frills

allows me to get in and slowly grind out pips on the currencies falling

N

 

[NVP]

7 21 am

Many scalp opportunities across the main FX range this morning - ie UChf / UCad / AU

For now the EU / EJ and GU are all falling - but slow

The GU did not make over 22/23 so was just another sell again and now at 5509

Back after 7 30 am

morning all

usd is staying pretty tight so far (see below).we really need it to run to make some decent pips ....the high / low on those range extremities so far is only 7-8 pips from usd .........it will happen so be patient

beware the fakeouts thing like yesterday ......usd faked south and then went big time bull !

N

 

[NVP]

Hi All

thank you to the many people who contact me regarding my approach and my systems .......

sorry but I am not in a position at this moment to offer any specialised training to people .......................I am either scalping or consulting in my finance capacity and time is precious to me .......

I will try to put a few more videos on my FXCorrlelator youtube channel - more relevant to my more modern scalping approach these dayswhich I try to share on a daily basis on F's thread

https://www.youtube.com/user/FXCORRELATOR

ok guys - rest assured I will offer something at some point in the future - but for me it would have to be very personalised and customised to a few people .........experience has taught me that one size does not fit all

keep the strengthmeter / correlation faith !!!

N

 

[NVP]

8 33 am

Nice morning for me - I hope to you as well

In last two and half hrs - there as been 15 Key Times

Maybe 6 or so would have been OK - but 2 stand out so far

6 09 am and 7 26am ( 7 30 am )

EU and EJ up over 80 pips between them since then

hey F

heres those times on my usd index..............you called the perfect tops bottoms ................unless one was VERY unlucky all usd pairs would have given you a bagful of pips from those points

N

 

[NVP]

hey all

was out of the game yesterday on some errands ............back in saddle next week......

N

 

[NVP]

the week on usd (30m tf)

I hope everyone knows that I mainly now trade / scalp the usd pairs

EU
GU
UCHF
UCAD

that's about it ..perhaps the EJ as well if situation dictates

therefore .........I really need my usd moving in nice predictable trends/swings to then capitalise on scalps using the secondary currencies

look at the early London session this week ( opening on red lines)

good / not good ?

all I need is some decent moves on usd and I am pretty assured of some easy scalps and nice runs and hitting my targets withut a dogfight or extended times at the screen ...........if I can polish targets it off in 2-3 hours whats the issue ?

if you look back at F's thread I creamed Monday Tuesday and indeed when I was able to the wed/ thurs sessions also allowed some nice trending..........Friday was the only day a little flat .....................until the news starting arriving in us session and all hell was let loose !...but I missed Friday due to other commitments

it doesn't matter what system you are trading ........unless you have an idea what your 2 currencies in your trading pair are doing individually ............then you are not in possession of all the information and trading a pair blindly in my opinion

but then I am bias after 15 years using strengthmeters !

N

 

[NVP]

slow start to week....nothing much shaking yet for me as usd wakes up

 

[NVP]

in the absence of any decent momentum ........i'm going to scalp any bounces around the current hi/low areas of usd 's recent range.........will call them when I see them .............clearly these are not visable on standard paircharts

N

 

[NVP]

ok the 7am bar pushes usd north ..........i'm going to sell it off of the bounce that will come soon hopefully.........

 

[NVP]

F,
Thanks for the help and assistance.
I am not enjoying this content and will take a step back from here for a while.
I would prefer to get on and keep making money rather than listen to others trying to drag people down due to their own inadequacies.
Life should be fun and sharing with like minded people something pleasant and enjoyable.
I will look in from time to time but will avoid getting sucked back in by the mindless people who don't like your content yet are drawn here day after day and even start more threads to say how they don't like you me or anyone else who enjoyed your methods.

Good luck this week and every week.
Take care.
Nick

sorry to hear that Nick

I wish the moderators would take note of so many good traders losing interest in T2win due to the ongoing negative impact of just a few very vocal dissers

they are destroying T2win.............they contribute absolutely nothing apart from sniping people who are offering ideas on how to trade .check out anyo of their profiles and the only threads are usually slagging others off plus their endless posts of negativity and sarcasm on any thread where people are offering idea on how to trade

I thought that was the idea of T2win was to allow people to share ideas without negativity and harassment - obviously I was wrong :smart:

N

 

[NVP]

again I sadly find myself losing patience with T2win and the need to waste so much time arguing with other members...........

i'll trade today and comment if when time allows .....but generally trying to focus on more positive activites for a while

good luck learning from the negative members here at T2win..........

N

 

[NVP]

I didn't scalp that this morning ..............bloody should have done as any time I was at screen (max an hour so far on and off) the usd wasn't offering high profitability strengthmeter signals to me ............then missed the last ucad bull run as well as getting ready to go out

later

N

I am nervous when usd disconnects from the yen ...and prefer them to run together

however if the trding session is quiet on usd pairs you need to get more proactive in hunting trades

heres an example earlier when the EJ suddenly became interesting to me as yen diverged from the usd and the euro ..didn't trade it as not been around much this morning

N

 

[NVP]

See you later N and have a good day

hey all

just got back from meetings...........jees I have missed some superb scalping opportunities :innocent:

look at around 9.10/11 this morning ...........bloody usd finally got jiggy and went north ...........

easy peasy scalps and some pairs have run on ............bugger !!!!

ok head down and after my 50 pips now ..............less posts and more trading as I want to get this out of the way before usd opening

N

 

[NVP]

usd still banging north ..........that's 30 mins .......only Euro not responding .being bullish itself..................my ucad , gu and uchf all offering easy 3-5 pips moves ......

N

my hope is the scalp trades i'm taking buying usd in USD pairs can hold on and develop into longer runs .........but that's in the lap of the gods

see how much earlier today some good runs would have been achieved on decent supporting usd pairs ........the usd itself moved some 30-35 pipson that run up .... so any decent USD pair would have been offering that and more .......allowing for open/exit slippage

solid morning - shame I missed most of it

N :thumbsup

 

[NVP]

Hi Forexmospherian,

I find some difficulties with GU. Its very volatile pair. During these times, I have notice every time I open trades, by default it moves -2 to -3 pips. Most of the time it takes -10 pips so easily & very fast. Specially for GU 20 pips hard stop is really reasonable.

But what if I'm wrong in spotting the entry, then have to digest that -10 pip loss.

Is there any alternative pair that I can use instead of GU. You already mentioned about EJ, I can trade EJ, hopefully less volatile.


View attachment 196264

Today trading was real pain. Because of net connection. I was trading from a remote place. I miss some profit because of slow closing.

Good day...
Regards
S

remember that traders seek momentum and volatility in pairs ..........wihout it we do not get the pip returns we need ..........

for me there are 2 currencies that can really accelerate ........... the gbp and the Yen ............the cad sometimes can move as well........and also the NZD .......but generally you will see the euro, usd , AUD and chf all operating in slower gears to these characters (just my opinion after many years of studying individual currencies and behaviours)

from this you will note that EU as a pair therefore has 2 slower characters involved.............that's its strength and also its weakness...........slow death on a poor trading decisions made and usually slow progress as well on a winner .....

in a way the EU is a good pair for relative beginners to scalp.............low spreads and you will normally have time to get out after 2-3 pip losses............but it wont pay the rent on its own in the long term

GU is a nice pair to trade .............BUT the gbp is a devil ..............hence our comment about getting out quickly S .........you will know you are wrong on GU inside 1-2 minutes ...............it will bite you hard so to get out in under 2-3 pips loss needs practice

BUT

if yo get it right you can rack up 15-20+ pips in 2-3 minutes............if you can control the beast it will get you close to your basic targets most days in just 2-3 good trades - unlike EU for example

the EJ also contains one of the sprinters in the G8............so be carefull..............its another tiger in the tail

Ucad actually isn't a bad pair to trade and will usually complement the EU ...I have Ucad in my trading team as it offers variety and excludes Europeans which is what I usually hunt .............an alternative if Europe is quiet.....

back to F :smart:
N

 

[NVP]

morning all

ok the usd slowed down dramatically into london session............around 10 pip range on the greenback means 5-7 pip scalps at best currently

yesterdays slooow range rolled on to nearly 9am BST......hopefully we will get action before that today so some trade runners can go on the table

nearly a 70 pip drop on greenback yesterday from hi/lo...............add in the 2nd currency's pip count and it was a pipfest for those in the trades

N

 

[NVP]

session ok today .............twitchy at times ....but other times weve had some solid usd runs ..................not quiet at target for day but enough to take a break

later
N