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FXCorrelator - Scalping system

  • #6,821
  • Feb 9, 2019 2:25pm Feb 9, 2019 2:25pm
Hello Sir,

Do you use the one minute time frame to place your trades and which higher time frame do you follow?

When you lose a trade is it at 5 pips (2%) or you try to cut your loss early?

Quoting Nvp
ok i promised to show where i was scalping on my charts .........heres cable based on the recent few hours Sorry i have removed my indicators and signals ...........this is a 1 min TF chart ...... many scrubbed pretty tight or lost money ......as i was only going initially for 4-5 pips max .......but i did ok ...and the last real few sell signals before GBP went north was excellent with 1 of them running some 30+ pips...............those are the bonus balls you need to make it a good days results.....they dont always happen .....or if they do yuo...
With God all things are possible.
  • #6,822
  • Feb 10, 2019 3:19am Feb 10, 2019 3:19am
Hi D

I hope you are well and profitable !

for day trading I do primarily use the 1 min TF ....but I also use other variations dependent on the speed and dynamics of the market and the specific
pair being traded

I can easily step right back to the 5 min if needed or perhaps a hybrid like the 2 or even 3 min TF to shift the gears around

im also a big fan of Range bars and also Renko based charts ...(not heiken Ashi - the real deal stuff).....I worked for about 6 months with some really really good renko traders back in 2018 developing some pretty effective systems for Forex and the Dax ....so i can switch to those as needed

it really depends what the market is doing.............

you have to be able to recognize and adapt quickly to market conditions ......thats why 95% + of forex traders fail as they sit there blindly watching for limited patterns and signals on perhaps just 1 or 2 pairs .........

they are like a blindfolded boxer trying to beat an opponent with full vision....they are never going to win

Neil
NVP
  • #6,823
  • Feb 10, 2019 3:54am Feb 10, 2019 3:54am
Big week this week on the Forex G8...some nice moves

aside from my daily dabblings in trading the london opens (as posted here daily)...I do trade on higher TFs trying to catch the mood/trends of the week ..........

This week it was all about the Greenback USD going a solid solid Bull all week.......

as Equity markets softened this week people ran to the old school Yen , USD and Swissie for cover ....

RISK ON

good to see we can still get the decent tribal patterns that I used to "cream" on a daily basis a few years back ....

anyway it was easy meat if you were taking positions through the week buying this trio into weaker currencies ....CAD and GBP were particularly hit at times....

Even thursday and Friday there was still more trades and money there .........something i get nervous on with the weekend approaching and traders looking to close out or lock winning positions taken earlier in week

thats interesting ....so we saw no ease up on the RISK ON accelerator even into the weekend ?

beware next weeks action !

have a good one gang

Neil
NVP

http://fxcorrelator.wixsite.com/nvp1...-ending-822019
Attached Image
  • #6,824
  • Feb 10, 2019 11:12am Feb 10, 2019 11:12am
Quoting Nvp
Big week this week on the Forex G8..have a good one gang Neil NVP http://fxcorrelator.wixsite.com/nvp1...-ending-822019 {image}
Hi, I just loaded the correlatorthanks. I cant see that the cross matched the 20MA cross on the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: FXcor1.png Size: 30 KB
  • #6,825
  • Feb 11, 2019 7:12am Feb 11, 2019 7:12am
hey all

interesting morning .....sorry ive also been on a lot of calls so not much time to post

ok USD continues to rise from last week ...solid gains so far london session

ive been selling european currencies when offered...CAD is big bad bull so not in sell frame so far

ive been selling Cable from 2930s around 7.30 am to 2910s ....then ....managed 2 cycles as Cable pulled back to 2930s twice around 9.10 am and 11.20 am .....both times selling off to 2890 s where a big bad support level is showing up

swissie is weak as well.....but as another Risk on/off currency sometimes USDCHF can be a funny pair to try to follow

N
  • #6,826
  • Feb 11, 2019 7:50am Feb 11, 2019 7:50am
hi guys ...i do trade higher TFs .......

ive got a real fat sell signal looming on GBPCHF ...resell around the 2933 area .....it may slip a little more if the high pushes higher .....but its really showing a big fat sell on my dashboards ..i'll probably put an order in to save me watching ...
  • #6,827
  • Feb 11, 2019 8:47am Feb 11, 2019 8:47am
Quoting Nvp
hi guys ...i do trade higher TFs ....... ive got a real fat sell signal looming on GBPCHF ...resell around the 2933 area .....it may slip a little more if the high pushes higher .....but its really showing a big fat sell on my dashboards ..i'll probably put an order in to save me watching ...



triggered earlier .....i would personally put a stop above that recent 2970 high....target 1 down to next support level the 2914-20s ?

N
  • #6,828
  • Feb 11, 2019 9:01am Feb 11, 2019 9:01am
in the last hour or so ive tried to thump cable resells when offered .....

2880s sold down to 2860s.......last resell was at around 2877 (stop around 2884) about 10 mins ago ...down to 2873 so far
  • #6,829
  • Feb 11, 2019 9:03am Feb 11, 2019 9:03am
Quoting Nvp
{quote} triggered earlier .....i would personally put a stop above that recent 2970 high....target 1 down to next support level the 2914-20s ? N
2921 .....but you cant faff with these like scalps .........i'll let it run out to T1
  • #6,830
  • Feb 11, 2019 9:57am Feb 11, 2019 9:57am
Quoting Nvp
hi guys ...i do trade higher TFs ....... ive got a real fat sell signal looming on GBPCHF ...resell around the 2933 area .....it may slip a little more if the high pushes higher .....but its really showing a big fat sell on my dashboards ..i'll probably put an order in to save me watching ...

low 2914 was hit gang .....that was my suggested T1 off this trade starting around 2933 ...by all means come to B/e on this and try to let it run

not much off a wider spread (why i wouldnt scalp this) ...but the signal was a real real peach

N
  • #6,831
  • Feb 11, 2019 10:03am Feb 11, 2019 10:03am
NZDUSD quiet active ......this pair heavily sell orientated on Highr TFs ...happy tokeep reselling it at moment

last nice sell around 6740 to low 6731/2
  • #6,832
  • Feb 11, 2019 10:08am Feb 11, 2019 10:08am
im calling some decent resells of euro into Euro pairs guys .....check around
  • #6,833
  • Feb 11, 2019 10:11am Feb 11, 2019 10:11am
EURCAD begging to resell around 5013 / 14 levels
  • #6,834
  • Feb 11, 2019 10:17am Feb 11, 2019 10:17am
Quoting Nvp
EURCAD begging to resell around 5013 / 14 levels
already 5010.......add the stop around 5020 earlier and worth a punt .....but again i tryto work with ultra low spread pairs if i can like usd based ones ......swings and roundabouts as EURCAD will be less manipulated by big banks
  • #6,835
  • Feb 11, 2019 10:18am Feb 11, 2019 10:18am
i could have taken some 6-7 trades across different pairs in last 30 mins .....nice market
  • #6,836
  • Feb 11, 2019 10:28am Feb 11, 2019 10:28am
NU 6735 gagging resell
  • #6,837
  • Feb 11, 2019 10:31am Feb 11, 2019 10:31am
reselling CAD across the pairs on 1min / 5m TF looks a go ........
  • #6,838
  • Feb 11, 2019 10:34am Feb 11, 2019 10:34am
ucad was 3315 earlier ...beautiful buy up to 3324 so far ....Cad is primed to resell more guys
  • #6,839
  • Feb 11, 2019 10:36am Feb 11, 2019 10:36am
thanks for the kind messages across my threads and website boards...........its just one of those days ....im seeing the trade signals as big as a towerblocks....and they are going ok generally
  • #6,840
  • Feb 12, 2019 1:45am Feb 12, 2019 1:45am
hey gang ......

ok interesting morning so far ....

Usd under sell pressure ...been a while !

im working GBP and NZD and CAD buys off the USD .....main scalpers at moment

N
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