FXCorrelator - Scalping system

ok .....

Cable been to 2830s so far ....
EU to 1370s
EJ to 128.30s

tell me you are making money ...please

N

from my Lance Beggs email this morning and something i keep banging on about as well to all the traders I work with .....

Start with a strong defence !!!

Hi Lance,

I heard this recently while watching football.

It's not how many great plays you make, it's how few bad plays you make.

I immediately emailed this to myself because it is so applicable to trading. I know where the good places are to trade, but the key is waiting for price to get there and not "forcing" a trade.

Here is the full quote I found online:

"Like I always say, it's not how many great plays you make; it's how few bad ones you make. I know fans, and even some losing coaches, are enamored with long pass completions or the great run plays, but that doesn't offset the interception or the fumble."... Jimmy Johnson

this morning was all about conservative plays and being tight ..until the doors opened and we got the real moves
an inexperienced trader will have lost a few pips trying to hunt cable until it was ripe ...i did warn people earlier .....
then the markets opened and offered up a brief period of good good trading .......
so the experienced trader moves in and hits it hard !!!
then steps out again and puts the defensive shields up until the next opportunity arises

it is much much cheaper to not take a trade in the first place than suffer a foolish loss and then have to get 2 1:1 winning trades or a 2:1 return trade to get you back to B/Even !
play the odds into your favour .......you dont HAVE to trade !

cable been down to 2800s
EU ran nicely down to 1330s
EJ ran nicely down to 127.90s
so been a nice session today ....once the mist cleared !
N

Good day in markets ...
Euro and GBP both sold off solidly ........USD and Yen have been nicely bull plays all day
have a good weekend
N

hey all
euro going well this morning off the weekend shenanigans....im on EU and EJ buys

stayed on EU and EJ....I rolled in cable buys as well earlier
not a bad session so far.......

prepared this on sunday but couldnt get it onto youtube until today ....N

hey all
nice morning on the markets ..been trading away
GBP has been weak off the current drama and rumours since the agreement ratification by the Eurozone.....
Ive been mainly selling Cable this morning ....full stop
anything below 2800 is easy meat ............been to 2730s so far ....a little rangy now .....if it breaches back into the low 2750s i may be back on sell hunt
N

morning all...
still twitchy on london opens so far .....
GBP is twitching ,mainly bull so far
Euro and CAD solid sells
usd and yen are rangy......net bull at moment
mainly on EU / EJ sells so far ..if Cable shapes up into sells i will go cable as well

been selling EJ from 128.50s down to 128.20s now
been selling EU from 1290s down to 1260s now
cable still rangy ........i havnt really sold it yet as euro pairs going so well

as you have all seen GBP came hot bull as buy of the london session .....GBP index is now some 60 pips up from 6am opening prices ..........
i came back in buying on cable from 2850s ....been to 2800 now

nothing wrong with still reselling EU or EJ when offered ..ive been back on EU from 1290s down to 1280s again

Cable came off the bull pace earlier ...ive gone back in from 2770s for rebuys finally

waiting for Dow to commence ...........
UCAD is the buy at moment ..........cable obviously falling ..depends how much you want to remain loyal to the days action / Trend on Cable so far .... its only just got back to london open prices
so stay loose

im being screamed at to rebuy Ucad at 3346

took at 46........stop no more that 4-5 pips needed

lost a few pips on that ........cant risk now dow open moves

cads coming stronger into NY open .....will reverse my take on it

sorry been a long long day .....Dow has been open for a while