FXCorrelator - Scalping system

tricky today ...
usd and Yen were bear during early London opens....then swung bull since ......gbp is all over the place as well
EJ probably best pair for action .......been selling it from 128.70s to 128.30s so far
messy though this morning .........Cable is now on third direction for me today ....normally i prefer to just go from london opens and not have to switch bias ....
N

as stated earlier .......E/J bear a decent one to follo
w through london so far.....

its again resold down from 126.60s to 128.30s

find the alpha pairs and trade them ...thats all I do guys ...thats all I do

N

well actually i do a little more than that in my strategies ....but you get my meaning !!

Dow session has continued to send usd bull .....steady action selling Euro , CAd and also GBP at times ......pretty steady scalping ....no issues
N

hey all

slowish day so far ........

USD and yen have mainly been bearish .....so ive been working european buys into them

EJ been buying from 128.40s to 128.80s so far
EU been buying from 1.1370s to 1.1410s so far

GU cable was a buy but Sterling has dropped bear from around 9am GMT....i need a little more convincing to start selling it due to the whole G8 dynamics at moment ...a more aggressive position would have had me selling cable from 1.2790s to 1.2770s so far

be careful ...yen bear is driving market at moment and is alpha currency
N

hey all ...........

as from earlier comments ....yen Bear still driving the market and we have the AUD and NZD on bull side mainly ...........that means the europeans are not really pumping ....slow day

I have continued to work Euro as my main buy currency with yen the sell ....EU bull has been very slow but steady as well ..........

EJ has been rock solid at 128.70s for support
EU rock solid at 1390 support levels as well


GBP is a nightmare today hence i am not on it .....

SHOCK HORROR
YES SOMETIMES I DO NOT TRADE CABLE !!

CAD is the buy gang .....Ucad selling ok ......europeans are now selling alongside USD so nothing worth scalping.....
cheers
N

morning all ........
choppy action so far .....ive not scalped much at all ...too much noise and bad correlation so far
ok im pretty much just on cable sells and ucad buys at moment .....but again its TIGHT !!!
N

because i am trading so much i dont get chances to call exact trades here live ....
ok i would deffo hit cable resells if it breached 2781 at this excact moment ......2783 as i speak

now price has drifted to 2786/87 with 9am bar coming .....so i step down .....thats how fast it is ...naturally

thats why it is impossible for me to call on the forums for scalping action

todays London opens is a really wicked market and plenty of opportunities for the market to take out stops before it shows its hands
for example i could sell cable at around 2782/81 as already said ....but i can see that its gonna probably whip me back to 2787/88 to take out the scalpers stop positions...
i can either gamble at moment or step out of game till it gets better
thats how you stay profitable gang .....read and realise the situation
later
N

could have had ucad rebuys off 3234/5 to 39 so far .........but missed it

as thought cable flicked the 2788 to stop out scalpers ...looking to sell it now ...N

couldnt get cable under 2782 ....really frustrating .......market has been turning over now .....GBP coming north hard now so been happier to buy it
later
N

cracking run up from 2780s to the 2920s from cable ...worth waiting for
jees it was painful today before that !

freshened up and trading the Dow opening session now on Forex ....
GBP initially came off a little and Cable has been worth selling .....usd now under pressure so im on ucad sells .......reselling from 3220s down to 3190s so far ......
GBP can wait re more reselling ...wouldnt recommend chancing it above 2864/65 levels really

this is not hindsight trading ...I'm just stating what going on in the G8 dynamics and why i am on certain pairs ...........
N

ucad offered a decent resell at 1.3200 levels .....spiked down to 3187 so far
market is lean guys ....ZZZZZZZZz

ok relatively quiet today so far ......no drama
markets are in the Black friday holiday weekend period anyway
tiny opps to scalp cable and EU and EJ bull post 6am but hardly a pip fest
personally i would prefer to see Europeans selling and go that route into morning....
2870s will be good place to resell cable if offered
1415s approx decent resells on EU
128.80s for reselling ej
be patient
N

ok Cable spiked to 2876/77 offering half decent scalps down to 2863 now ....
slow but sure trading guys ....

ok 8am bar ........watch the fakeout signals ....its 50/50 what direction most pairs are going at moment

well im still working the cable sells ......that structure is holding ok .....need more of a major move though to get the party really started