Best Thread Correlation Trading - Basic Ideas and Strategies

cantagril

Senior member
3,095 887
Mornin' !

Just wondering how you see the dollar this a.m. To my unpractised eye it would seem to have been ranging around the mean for sometime. ...and just to declare my interest, I'm long USDCAD so I've been looking at how the loonie seems to be gently heading south after the ramp at the end of last month. I have a target of of 68 on the basis that it looks like the loonie might revisit today's low (8h35 ish) and that the dollar stills looks comparatively perky.
Just seen it reached 675 before falling back.
 

cantagril

Senior member
3,095 887
Just seen it reached 675 before falling back.
....and did finally get a fill at 68 having sat on it from 8h00. Not a stellar gain but an interesting experience for me to trade the two halves of a pair independantly (sort of) without much reference to my usual approaches. Must try harder
 
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fibo_trader

Legendary member
7,122 124
....and did finally get a fill at 68 having sat on it from 8h00. Not a stellar gain but an interesting experience for me to trade the two halves of a pair independantly (sort of) without much reference to my usual approaches. Must try harder

When will you finish DEMO trading, Cherie? You've been at it for a decade already. Perhaps your stop-loss is too tight?
 

NVP

Legendary member
37,470 1,962
sorry guys - crazy few days as one of my consulting clients had a big meeting to prep for with a huge potential customer and i was part of the creative team and indeed attended and lead the presentation yesterday in london

half killed me prepping that ....jees trading is sooo much easier !

anyway will catch up on trading side this weekend ....

N
 

cantagril

Senior member
3,095 887
Hope the day job stress is reducing:) Yours sounds a lot more interesting than mine - I don't have that much personal interaction but when I do most of my clients are not only stupid but incredibly boring too. The greater part of my time is spent scribbling, or rather,slaving over a hot laptop....that hasn't been fun for quite a while but until either people stop paying me completely or I get muuuuch better at trading then I'm stuck.

Anyway, I wanted to say that I've been taking yourname in vain over on RachelFX' "Let's talk trading set-ups" thread and was hoping that perhaps you'd have time to weigh in to the current discussion on CADCHF et al.
 

NVP

Legendary member
37,470 1,962
Hope the day job stress is reducing:) Yours sounds a lot more interesting than mine - I don't have that much personal interaction but when I do most of my clients are not only stupid but incredibly boring too. The greater part of my time is spent scribbling, or rather,slaving over a hot laptop....that hasn't been fun for quite a while but until either people stop paying me completely or I get muuuuch better at trading then I'm stuck.

Anyway, I wanted to say that I've been taking yourname in vain over on RachelFX' "Let's talk trading set-ups" thread and was hoping that perhaps you'd have time to weigh in to the current discussion on CADCHF et al.

Hey C - great to catch up ......ok i'll take a look

as an accountant for last 40 years amongst other things there has been plenty of boring times i can assure you !

N
 

cantagril

Senior member
3,095 887
Hey C - great to catch up ......ok i'll take a look

as an accountant for last 40 years amongst other things there has been plenty of boring times i can assure you !

N
Wow!
I think you got me beat there too
Of all the things that might possibly be more boring than churning out dross for academics etc, I think accountacy has to be top of the list.....40 years is way too long. I hope the other stuff you did was more fun:)

BTW, unless I've added blindness to incompetence, your offering on RachelFX' thread (for which I thank you) doesn't appear to include those graphics.........
 

NVP

Legendary member
37,470 1,962
all there now .......C

meanwhile heres a quick recap of today ..i was a little more active this morning but got sidetracked this afternoon

TODAY

all money going into RED GBP and Flowing out of YELLOW Yen in London morning session ...good luck trading any other pair without those in .....you were trading wrong horses

bit of a kick at around 1.20 UK time ......and since that blip its pretty Slooooooooooooow...GBP still falling off its earlier highs but expect it to kick in perhaps later..as its still Bull for the 2 sessions

have a good one
N
 

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NVP

Legendary member
37,470 1,962
nice day in market so far ...........amazing bull push on AUD and NZD has skewed the tribal plays though ......they have gone to around +30 pips so far each from 6am ....not my go to currencies for london session so had me in a quandary at times

These guys do stick generally when in play ....especially AUD as a solid mover ....I like EURAUD at times like these ....try to add a little more spice than the boring AUDUSD pairing hoping Euro is going to eclipse the volatility of USD ....

dont get me wrong - GBP been out to -30 pips at times so a few scalps there for the cable followers .....and if you have the Balls the GBPAUD has been a dream play in hindsight ..........

anyway lets see what US session brings ........USD is flat as pancake so cant get any worse ......and perhaps the AUd/NZD gang will fade as they have certainly lost the bull momo at present

N
 

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NVP

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37,470 1,962
hey gang..........sorry about lack of posts ....been tied up on other projects ...im actually co-writing a book at the moment and its not all to do with trading ......very interesting project ....but my co writer is now meeting the dreaded beast within me called "im bored and this is too much like hard work - can i go trade now please ? "

anyway shes seen all this before with some other projects so handling it well ...should get first draft out in next week then back to trading normality

N
 

NVP

Legendary member
37,470 1,962
interesting week so far :-

Red GBP went off like a rocket monday .....I hope traders took their fill

Yen is the solid sell so far for first 2-3 days action

Rest of currencies are passengers .....as is so often the case ....remember GBP and Yen are the fireballs of the G8 .....if yuo like your action slooow and boring then avoid them both in pairs ...and avoid CAD as well if you really want to snooze till you lose ........the remaining G5 will be boring to trade but may save you some sleepless nights !

N
 

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NVP

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37,470 1,962
Reproduced from another Forum

Hey NVP.

If I'm not mistaken, you were also contributing with several posts on Dukascopy community site some time ago, were not you?
I admire your dedication and commitment of working with Forex indexes. I tried to do very similar things like you are doing but all my trials I have made with them failed. Being a programmer I spent literally thousands of hours developing and evaluating my own indicators for currency indexes in Java, C# and R. I've never found any statistical edge I could consider as exploitable and profitable trading strategy. It's nice to see that someone succeeded ;-).

I've found another way with some sort of leading indicators. It's good to see that everyone can have own path to profitable trading. What does not work for one it does for someone else. Keep it up!

Thanks !

I probably was on there ...i have been on so many forums sometimes I cant remember !

yes we all have our own trading paths to walk.....make it your own .....and go for it !

regarding my own style I do use Strengthmeters a lot ....but it is not 100% of my system ....there are ways to go 100% using strengthmeter based signals and whilst some are pretty damn good ......in truth nothing compares to mixing them with some other triggers I have developed over the years

N
 

NVP

Legendary member
37,470 1,962
HEY gang

IM on vacation at moment .....back after election ......I will try to trade by using the kit of a mate I know out here.......but Sod’s law I’m not at home......

WIll be a big payday on sterling whatever happens .....grrrrr
 

NVP

Legendary member
37,470 1,962
Well it’s that time again in the UK for us to play our favourite game show....I haven’t seen any politicians dancing on ice or eating witchity grubs to desperately garner votes yet ....but we still have time !

Ok to business.....forex market loves such weeks.....volatility increases and a good trader can make very good returns inside very short periods of time .....as long as they keep their heads and follow their drills .... No need for heroics and don’t let any big gains go to your heads....you cannot walk on water .....trust me....keep it simple .....

stop trading if you are screwing up....and let the trades come to you......be patient and trade what you see.....not what you think you see.....

Do these things and if you have a proven system that works you will be a lot wealthier than you are now by the weekend

Good trading N
 

NVP

Legendary member
37,470 1,962
nothing really opening up so far this week....

swissie is bull king on a 60 pip move

aussie , Kiwi and Jpy all south to 40s

gbp swingy so far ......nothing exciting .....

ZZZZZZZZ
 
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