FXCorrelator - Scalping system

i sold at 2807 .........but then ive done well today and am trading far to overconfidently at the moment
i should step away and regroup
b*llocks to that ...im having too much fun
N

cable down to 2790 ........so we are swinging sells again ....back later
cant seem to do anything wrong at moment .....seeing the trades 200 foot high.....sure it will go wrong soon

2805 taken back to 2796/7 ....another decent sell
the volatility is allowing 5 pips minimum moves ....easy at moment

and again .....jees its fast !!!

huge pressure on cable to fall now ..........gear it up gang

ok back later ........still working cabe down to 2770s so far ........

we all know to sell cable ..........but to many the issue is still the entry price
up to you gang .....many ways to do that .........i have my ways ....which i will release in my training course soon .....but we are all different
N

FXCORRELATOR.COM

ok im done ...ive done well today ......GBP came off some 300 pips from london session ...so ive done well off

that ...........i generally trade 1% per scalp and i scalped a lot of pips today .....

still no where near as good as the original brexit night.......where the pip falls where cable fell over a thousand pips ........but they are once in a generation event ! (hopefully for UK)

http://www.trade2win.com/boards/fore...ml#post2772366

anyway have a good day ..i need a rest !!!

N

i was looking at those posts back in 2016 and found this one .....i think loads of people were asking for more information about my free systems
N
http://www.trade2win.com/boards/fore...ml#post2773474

hey all
all quiet on the western front at the moment .............it will liven later
G8 volatility is pretty low so far london.......
nothing showing its hand to me so far .....in fact only currency moving is NZD kiwi dollar.....its fell a little from 6am opens.........
NU 6830s to 6820s so far ...........but hardly worth it
N

heres the G8 performance so far for November .....

as expected the volatility at times on GBP has been breathtaking ....ive had some great sessions on it in November ...and cable has been my main pair by far this month for profitability

my strengthmeters tell me what to trade 24/7 ...and all November roads have frequently lead to cable as the only pair to be trading !
for positional traders the 6/7th November saw RED GBP peaking in its performance

last week has seen a near 350+ pip drop in that currency .........cable has swung nearly 3% so far in November .....ouch !

well we have a support line at moment from late October (shown)

lets see if it holds ......

N

ok I have started working cable south guys ...2800 to 2780s in last few minutes
lets see if i can keep working the scalps in this direction

NU still a decent resell when offered .........even cable not playing much at moment .....

if gove resigns we will get some action

im having trouble with my live feeds ...back later

got the feeds back earlier......ok bit of a dogs dinner so far

im still trying to sell Cable when offered ......but its hard work

in truth the correlation of the G8 is not in sync with my preferred style

as i said earlier (ABOVE) NZD is the sell.....and the sensible trader today would have just sat back and scalped NZDUSD ............a little slooooow motion ...but safe safe safe ...

BUT WHERES THE FUN IT THAT ?........

N

How many pips represent 1%?

Hi D - hope you are well ...

1% represents a traders capital base and is generally perceived to be a reasonable amount for a trade

so if you had say $10,000 you were using to trade then 1% would be $100 per trade

you then devide the stop loss pips into $100 to get the $ / Pip you trade

as an example when i am scalping i generally am using 1% of a theoretical capital base .....and my stiop loss is max 5-7 pips mainly .....depends on the circumstances

so yesterday i was a little down on 1% per trade as cable was pretty volatile ........lets say 0.75% per trade

and say 5 pips per scalp = 0.15% of my capital base per pip ...

so if you stayed at this pretty conservative level you would need to make 100 / 0.15 = 667 pips to return 100% on capital base (allowing for spreads perhaps a little more

on 1% (more my style) its 100 / 0.20 = 500 pips .......and i use this a lot to benchmark my trading

I should be able to consistently make say 20-30 pips on half decent sessions .....sometimes more , sometimes less .....so theoretically i should be able to deliver 100% return on capital every 15-20 sessions ...........all on average here .....not guaranteed

so if i traded most days in a month and it was a decent month i should be getting around 100% a month .....but again i rarely trade every session in a month

yesterday there were literally hundreds of pips on offer and that can speed up the process !

N

note that i will try to take this pippage out of the market in the London session ....if i cant do it during london i will trade the US opens if timing allows .......or I just trade anyway as i enjoy trading ........theres no rules ....trade as much or as little as you like .....a lot of traders say walk away after say 3 consecutively losing trades ......but if you are happy and executing everything correctly why would you drop trades out of your sample size ?......the idea here is that a winning system needs to be executed consistently ....if you stop trading wheres the consistency in that ?...the amount of traders i now that perhaps have a poor period then immediately have a superb run ......you have to be in it to win it

us open put immediate sell pressure on CAD and GBP ....... been selling cable down from 2860s to 2800s so far ....
i couldnt justify buying Ucad until earliest 3140s up to 3170s so far
N

morning all
steady action today ........europeans are bull with nice sells on usd and Yen team
buying cable up from 2830s to 2880s so far
buying EU from 1400 to 1420s so far
buying EJ from 128.50s to 128.90s so far
N