FXCorrelator - Scalping system

50% retrace now on gbp index since london opens.....must admit ive sneaked in a couple of cable bull scalps so far from 2840s to 2860s now

why ? ...........because the GBP is so volatile this week theres usually at least 5 pips in the retraces ...so i am chasing cable both directions most of the time in the high liquidity sessions we are seeing

G8 is consolidating london at moment

cable turned over into resells at around 2868 ...sold to 2862 so far ....

flat market at moment .....sitting on hands

might go cable resells again around 2868 ish ....depends

took cable resell at 77 in the end ......2869 now

got cable to 62 off that scalp ...waiting again at moment as it trackes back up to 2880s so far

patience

banged in another at 2877......got to 72 so far

cable only got to 69 a while back ...market real slow now .....back later

yen was the main bull so far ....gbp the most volatile sell.....if you like your trades steady then selling NZD has been good this morning also

cable now bull as you all can see

ive scalped twice so far from 88 to 2900 and now just 96 to 05 ......tricky times

GBP still bullish so have been working it up from 2880s to 2920s so far .......

Cad got bear earlier so UCAD sells also good pair to scalp ....you could look at GBPCAD but i tend to like keeping my stops at max 5 pips ......and the spread eats to much into that pair unless i step back and go for more swing trading

still buying cable when offered .......some nice moves

hi all

ok GBP shaping Alpha Bear so far .....CAD the alpha Bull ......

im slowly warming up cable sells .....i need cable in 2960s or lower to justify selling signals ....

early days ...early days ....nice scalp a few mins back sold at 2971 to 2961/2 low so far

last scalp has opened up to a low of 2954 now from 2971 entry ......nice early run

Brexit ?..........what Brexit ?.......

RED GBP INDEX recorded a 300 pip swing this week so far off the vote on tuesday ...........

(sure im selling this morning) .....but jees thats great gains for the week so far !!!!

TRADE WHAT YOU SEE

N

second scalp took at 2949 down to 2943 so far ...slow

sold cable at 2941 ..........im also scalping UCAD north ......

correction CAD index is strong today so im selling ucad

taken a b/e position ....will trail rest

much more nervous on this one as a big big pull back on last cable run...real big .....

as usual today i trade my own strategy..........which is pretty simple

Trade the most volatile / trending pairs ....

Cable is top 3 today as usual so far london ......there are others but cable works just fine for me to focus on

as a result i have 5 from 5 scalps this morning ...no losers .........sure im only around 30 net pips up but thats just fine for me ...i rarely go more than 5 pips on a stop and 2% per trade ...........so thats approx 12% of capital base so far this morning ....

i get worse days ....but a decent day like this should crack at least 10% of cap base as long as i behave and dont do anything Dumb ............(and i am human so i do dumb things)

N

sold ucad again at 67 .......64 already ...im selling ucad as CAD index is strong