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FXCorrelator - Scalping system

  • #6,561
  • Nov 28, 2018 11:45am Nov 28, 2018 11:45am
ok had enough today........us session has seen usd fall nicely
ive been fooling with some other systems alongside scalping .......
one of my other more interesting systems (not really G8 strengthmeter focused) is flagging up a strong signal to short EJ .....129.05-10 as tight tight S/Loss and go in sub 128.85
its not really correlating to my Strengthmeter signals but it generally does ok this one ....hmmm
N
  • #6,562
  • Nov 28, 2018 12:00pm Nov 28, 2018 12:00pm
sold EJ at 129.04..the hell !!!
  • #6,563
  • Nov 28, 2018 12:02pm Nov 28, 2018 12:02pm
have a good evening
  • #6,564
  • Nov 29, 2018 4:14am Nov 29, 2018 4:14am
hey all
quite happy selling Cable this morning as best pair in the pack for london so far
happily scalping down from 2830s to 2760s so far .......its eased a lot at moment but sill try to get in again if offered ....it needs to be firmly back in 2760s to tempt me ....
  • #6,565
  • Nov 29, 2018 4:48am Nov 29, 2018 4:48am
Hello everyone,
I just went to see if there is anything interesting for intra-scalp and I found god divergence between the CAD (brown line) and CHF (white line). CHF is decreasing in power and at the same time CAD is sustaining the strength. The price action confirms as well (price went out of 1 h balance.) Solid to try to buy CAD/CHF with 10 pips SL and TP Opened. I don't scalp but wanted to post and show you my trading idea.

NVP mate, hope that you are doing good

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM5coleration.png Size: 66 KB
"Buy on fear, sell on greed !!!
  • #6,566
  • Nov 29, 2018 4:51am Nov 29, 2018 4:51am
hey petar ...all good here thanks !

Europeans under pressure this morning so i have been mainly selling cable and EU ........but Swissie is weak also as you mention

N
  • #6,567
  • Nov 29, 2018 4:54am Nov 29, 2018 4:54am
europe selling again gang .........
  • #6,568
  • Nov 29, 2018 7:29am Nov 29, 2018 7:29am
cable looking top heavy at 2780....trying to work resells
  • #6,569
  • Nov 29, 2018 1:01pm Nov 29, 2018 1:01pm
NY opens has been a mess ........nothing really working .....europens have been bullish alongside the USD
some half decent scalps selling Aussies and Yen into USD .....but those guys dont work for me
cheers
N
  • #6,570
  • Nov 30, 2018 4:06am Nov 30, 2018 4:06am
Quoting Petar_Serbia
Hello everyone, I just went to see if there is anything interesting for intra-scalp and I found god divergence between the CAD (brown line) and CHF (white line). CHF is decreasing in power and at the same time CAD is sustaining the strength. The price action confirms as well (price went out of 1 h balance.) Solid to try to buy CAD/CHF with 10 pips SL and TP Opened. I don't scalp but wanted to post and show you my trading idea. NVP mate, hope that you are doing good Best Regards, Petar {image}
This position went 3:1 if you got nerves to hold
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM5update.png Size: 104 KB
"Buy on fear, sell on greed !!!
  • #6,571
  • Nov 30, 2018 4:39am Nov 30, 2018 4:39am
excellent
  • #6,572
  • Nov 30, 2018 5:03am Nov 30, 2018 5:03am
Quoting Nvp
excellent
Thank you mate. I did an interesting analysis of the current situation. I found basically that today, every time when the currency index go above or below overnight range (extreme), it is going back again. I see that there is no real power to break and hold so trading when price back into overnight balance is a good idea. Also, I found that USD (green) created HSS pattern for itself, which is an indication of USD potential weakness.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM530.png Size: 116 KB
"Buy on fear, sell on greed !!!
  • #6,573
  • Nov 30, 2018 10:09am Nov 30, 2018 10:09am
hi all .....
ok i have been in and out all day ....scalping occasionally
Euro under huge pressure in us session ....selling nicely
EJ and EU looking good so far
EU easy meat from 1350s to 1320s so far
EJ pretty nice from sells under 129 most of the day ....12850s so far
nice to have an easy session to end the week
N
  • #6,574
  • Nov 30, 2018 10:13am Nov 30, 2018 10:13am
Quoting Petar_Serbia
{quote} Thank you mate. I did an interesting analysis of the current situation. I found basically that today, every time when the currency index go above or below overnight range (extreme), it is going back again. I see that there is no real power to break and hold so trading when price back into overnight balance is a good idea. Also, I found that USD (green) created HSS pattern for itself, which is an indication of USD potential weakness. {image}

Hi petar

good analysis ..........you are using the FXCorrelator to expose relatively O/B and O/S areas for currencies ....one of my favourite systems !

just a heads up on this approach

GBP and Yen will consistently extend further than the other currencies so allow them some extra leeway before counter trading

also this can be used to indicate when to exit a trade if you see one of the currencies involved in your trade pair overextending as well ......

the free default 20ma FXCorrelator indicator is here :-

http://fxcorrelator.wixsite.com/nvp100/contact-me

good trading
Neil
  • #6,575
  • Dec 11, 2018 5:30am Dec 11, 2018 5:30am
hey all

i am out in the canaries since 1st december ....back Trading next week

N
  • #6,576
  • Dec 12, 2018 8:19am Dec 12, 2018 8:19am
hey all..

spent some time trading this morning in my mates trading room.....

this week has been about selling GBP so far ....anyone can see that .....

todays session to date makes that hard ......plenty of positive reaction to the leadership vote ......GBP has had a good session to date ...

BUT......sterling index has been down nearly 200 pips this week so far ..... and its pulled back to the 90's ......so 50% retracement levels in play ...........im re-hunting sells now looking the the gaps ....
  • #6,577
  • Dec 12, 2018 9:11am Dec 12, 2018 9:11am
would love to turnover that cable into heavy selling ..still cant find the cracks at moment

N
  • #6,578
  • Dec 14, 2018 6:10am Dec 14, 2018 6:10am
hey all.....

ok my last day in the sunny canaries ...........ive been able to sit in a trading room of a mate and borrow some kit at times

been fun.......we trade very different ways but its been very useful to compare notes and talk shop .....

anyway todays london opens has been pretty straight forward

ive been selling the euro and GBP all morning when offered into usd and Yen

cable selling from 2630s to 2550s so far
EU from 1350s to 1290s ......cracking volatility today on the EURO !!
EJ from 128.80s to 128.10s .....

my mate did ok......i persuaded him off his beloved favourite pair of cable to also play the euro today and hes made some nicve extra profits ......

have a good weekend ...im back in blighty at weekend

N
  • #6,579
  • Dec 14, 2018 9:50am Dec 14, 2018 9:50am
Quoting Nvp
anyway todays london opens has been pretty straight forward ive been selling the euro and GBP all morning when offered into usd and Yen cable selling from 2630s to 2550s so far EU from 1350s to 1290s .....


cable been to 2530s
EU to 1270s
EJ to 128.07s

no complaints whilst in the canaries ..back to business on monday from cold wet UK

N
cable been to 2530s
EU to 1270s
EJ to 128.07s

no complaints whilst in the canaries ..back to business on monday from cold wet UK

N
  • #6,580
  • Dec 17, 2018 2:53am Dec 17, 2018 2:53am
wishing everyone at FF a very merry xmas and happy new year

N
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