Best Thread Correlation Trading - Basic Ideas and Strategies

NVP

Legendary member
37,463 1,961
to understand Forex you must step back and observe the whole market.....i have been doing this for 20 years and trying to help other traders do the same

to be diving in and trading individual pairs on specific patterns without seeing what all the 28 pairs in the G8 are doing is crazy to me ....but the majority of forex traders just trade a few pairs and ignore the rest

crazy
N
 

NVP

Legendary member
37,463 1,961
not worth trying to predict tomorrows outcome .....personally i feel boris WILL NOT get his majority

so i would be looking for hammering sterling south ......but however i will still trade what i see

at the moment for this week I now see Sterling getting sold .....shes now some 80 pips south on the week swinging 110 in the process from tuesdays highs ...............

so i am selling sterling already today so far mainly into Euro as usd and yen both spouth as well (correlations already a little screwed) ........but early days ...i will see how much i trade through the night ....depends on action and volatility .........if we see some unexpected seats won/lost then the fun really starts !

ok since i am limited in only 2 laptops with me abroad and some fairly archaic kit borrowed from a mate i will be lightweight on postings and updates ....i need to focus and use the limited kit i have

ok gang have fun
N
 

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NVP

Legendary member
37,463 1,961
morning all

Sorry i didnt post but one of my laptops was playing up a little and so was on skeleton kit abroad ....

ok what an interesting evening and night !

Brexit dominated the agenda with Traditional Labour strongholds migrated heavily to conservative by voting with their historical strong Leave preferences .........they want brexit done ...

my own personal labour gain theory blew up immediately the exit poll was taken .....but i hadnt traded a bean at that point ready to follow what i saw .....

the arrows show where i was active...i played a GBP bull bias initially but later on it became obvious a range was forming so i tried to play both extremes ..........

well done if anyone caught the initial swings (400 pips overall on the night) ..... im happy having played the initial 70-80 pip GBP second push and then playing the 70 GBP pip range later .......plenty of pips overnight for me

clearly I never came near the astronomical pips available on referendum night 2016 but that will probably always remain a lifetime best for me and many others who traded that occasion

so GBP gets into the 1.20's for Euro and 1.30's for USD .........the market likes a confirmed Brexit in 2020

off to bed - cheers all
N
 

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NVP

Legendary member
37,463 1,961
hey gang ....hope everyones ok ...sorry ive been a little busy and tradign but not posting

ok heads up on cable ....looking to rebuy at moment

N
 

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NVP

Legendary member
37,463 1,961
cable now been to 3028 from 3016 low.....i couldve gone in at 3018 but that was pretty hairy ...3021 did for me ....

i look for 5 pips or so to lock trade ....so job done ....all now about running and exits
 

NVP

Legendary member
37,463 1,961
thats it ...sorry i have some meetings ....i will try to get here more and call more ....sorry guys
 

NVP

Legendary member
37,463 1,961
hey gang ....hope everyones ok ...sorry ive been a little busy and tradign but not posting

ok heads up on cable ....looking to rebuy at moment

N
cable moved to 60 pip high so far off of the 3016 lows ....of course i didnt stay on it ...bailed earlier .....but still did ok

N
 

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gka

Experienced member
1,012 15
cable moved to 60 pip high so far off of the 3016 lows ....of course i didnt stay on it ...bailed earlier .....but still did ok

N
Here are the 15 minute charts for GBPUSD, EURGBP & EURUSD for the last 10 hours with VRM levels. EMA(4,7) channel included . time GMT-4 .

NVP was right to be GBPUSD bullish initially as cable bounced up off the middle of its VRM long term trend channel at 1.3009 last night .

EURGBP then fell to the middle of its short term trend channel at 0.8472. Then cable turned bearish and EURGBP turned bullish. EUR sell off was greater than GBP buy in so EURUSD fell to the middle of its long term trend channel at 1.1069.

Lots of big spaces between VRM levels to trade between.

I will post again at the end of the day on the thread

Predicting future FX support and resistance levels using mathematics

2019-12-20-1400-GBPUSD-EURGBP-EURUSD-15min-15min.png
 

NVP

Legendary member
37,463 1,961
ps anyone on the cable at moment ? ....ive re bought at 3020...deja vue ?
 

gka

Experienced member
1,012 15
Here are the 15 minute charts for GBPUSD, EURGBP & EURUSD for the last 10 hours with VRM levels. EMA(4,7) channel included . time GMT-4 .

NVP was right to be GBPUSD bullish initially as cable bounced up off the middle of its VRM long term trend channel at 1.3009 last night .

EURGBP then fell to the middle of its short term trend channel at 0.8472. Then cable turned bearish and EURGBP turned bullish. EUR sell off was greater than GBP buy in so EURUSD fell to the middle of its long term trend channel at 1.1069.

Lots of big spaces between VRM levels to trade between.

I will post again at the end of the day on the thread

Predicting future FX support and resistance levels using mathematics

View attachment 272032
And the GBPUSD is back again at the middle of its VRM long term trend channel at 1.3009

2019-12-20-1630-GBPUSD-15min-15min.png
 

NVP

Legendary member
37,463 1,961
hey guys ...sorry i was in a trading room calling signals for some traders when this earlier happened

otherwise i would have called it ......

Scrappy today so far .....on cable ...I was chasing some ghosts earlier in session this morning ...too eager and showing off ....those first 4 scalps were overall pretty B/e ....I was too eager and market hadnt opened up sufficiently

last couple were gold .....cable scrapes the 3020s and sells off some 30+ pips ...I was in twice as i was building a position.......
too easy into coming out around the low 2990s ......down to 2980s

lets see how rest of session progresses..........operating on initial T1 targets of around 5 pips (and equivalent stop levels at entry ) .....if i get a kicker on cable it pays pretty well......

and scalping allows around 2% of cap base for 5 pip stops ...off say a 20 pip move you do the math on ROIs

i only need 1 a day to make money....and it will pay for even 3-4 failed trades .......and believe me ....I do better than a 25% win rate ......

have a great day ....my last day trading as tomorrow with friends

N
 

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NVP

Legendary member
37,463 1,961
Can I wish everyone at T2Win a very merry Xmas and prosperous 2020

lets hope 2020 as lively as 2019 in forex market as it helps pay the bills

cheers gang
N
 

NVP

Legendary member
37,463 1,961
Hey Gang ....Well as Xmas approaches we look back on a very interesting year in Forex - looking from the start of January 2019 (chart below) ......Sterling (RED) GBP was again the currency to watch as it rampaged due to the Brexit Circus ... its also been about the (BROWN) CAD being a major Bull player and also the (YELLOW) yen (which has fallen now) .... Brexit and related Euro turmoil has also managed to drag the (BLUE) EURO into the lowest Bear Position for this year .......so 10/10 if you guys swung GBP off those highs and lows .......the GBP red selloff was pretty obvious looking at the second bounce south on the Chart off that resistance Zone - can you all see that ? - who says Trading is hard ? ......N
 

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