morning all ok better morning than yesterday .........usd has swung bear nicely ....set up some great scalps on EU , GU and amazingly AU.....aussie D having a really strong london morning ....whats that about ? heres cable on the 1 mins .....i liked it from around 2950...easing now but ready to get back in when offered N {image}
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this was my strategy on GU since last chart above
simple ....hit the support line if all my other correlation signals are ok
later
N
hey gang ........
ok peeling the Cable sells and EJ sels so far ........
usd is pretty flat ....yen is pumping north hard and gbp is selling hard .....so east choices this morning ..and no news expected till pm
hey gang ........ ok peeling the Cable sells and EJ sels so far ........ usd is pretty flat ....yen is pumping north hard and gbp is selling hard .....so east choices this morning ..and no news expected till pm
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heres where i am at on those pairs .....
nice multiple scalps down a 40 pip range on GU .....
nice multiple scalps down a 60-70 pip range on EJ .....
perrrrrfect conditions .....if you cant make money today then go and take up knitting !!
taken 2907 on last cable sell down from 2930's.....
took 2864 on least EJ sell down from 127.70's
gotta go out for a while.shame as market is grrreeeat this morning
later
N
back for 2 mins .......to be honest based on dynamics of london session to date i would leave it as it is .....you should have had a cracking session and dont give it back now on low volatility ?
leave it for NY opens
N
yen and usd came out bear from 6am .....but gradually they both eased north on big runs so i took european sells on them ....so a little tougher this morning as you had to wait for main positioning
the easiest is when usd and or yen come off the 6am bar on a trend mission ...!!!
heres cable and EJ...my 2 favourite pairs to play london
one of my old trading friends Petar is an analyst for one of the broker houses and posts my free Fxcorrelator as part of his calls .... heres his take on G/J...a pure 15m TF 20ma momentum play off the alpha bull GBP and alpha Bear JPY that has breached an R level recently i can assure people im not getting any affiliation commission here .....petars just using my indicator for free as everyone else does ..... https://www.instaforex.com/forex_analysis/121808 {image}
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I find G/J to fast and volatile for scalp trading off london session ... ....looking at all my scalp charts GJ was probably the best looking pair vs EJ , GU and even EU to trade as a buy from around 9.45am BST .....but it can be scary so i stay off it
heres the 1min TF .....sure looks like an easy 50-60 pips since 9.45 am ...but i was ok with what i had already
im not going to BS anyone that i took it .....
N
a little scalping on NY opens ...
so far scalped an EU sell and now a Cable sell
eu selling down from 1577 so far nicely ....GU just took a 2870-2863 scalp
N
FXCorrelator - Scalping system
