FXCorrelator - Scalping system

cable looks interesting at 3040 for rebuys

46 already ....quick or dead gang ....

3090 hit ....jees thats some nice moves....some 50 pips in about 30 mins .

cable fell back to 3066 earlier but i missed the rebuys ....dammit

it got back up to 82 but its not holding ..........as we drift into the us session i am tempted to start looking at the larger plays for GBP as discussed earlier ....

GBP index hit a 200 pip selloff yesterday ....and today weve seem 100+ bull retrace ......

i am looking here to start taking some bear positions on gbp pairs higher TFs .......lets see

for example ....

cable looks interesting on the 1 hours ......muchos selling recently and now we are retracing north

i wont get into selling just yet but the dynamics are promising into US session....

nope......gbp not ready to fold south......still pushing bull in us session

approx 60% retrace now on GBP from last weeks big selling...interesting

i have still been buying gbp once i realised it wasnt folding......the higher TF move re last week can wait....it may need the asian session to break the move back as traders take some profits on todays big moves

morning all ....ive been on and off trading for the last 12 hours in truth.......with May out in Strasbourg i figured the fun would start ....

overnight GBP index traded in a 50 pip range .......but nothing significant compared to yesterdays action

I dont care if the legal adjustments are enough ......I just need volatility today on sterling to allow me to make money trading GBP pairs ......

so far post 6am .....I see a volatile G8 and im trying to be objective ......although i really really feel we will see a strong sterling london session....

objectivity guys ............another really tough psychological challenge for any trader

ive been working cable up from 3200 but in truth not really on my strict trading rules ....slap wrist but it worked

keep buying gbp at moment

N

hey gang .....sorry re no posts but trading on a friends platforms in canaries and unable to post much as well

ok the GBP got slapped hard on the rumourmongering ahead of the vote

so like every other sensible trader following trend i sold it ......i was conservative and didnt start shorting cable until 3200s

it lowed at 3000s some 200 pip selloff ...........superb !!

anyway its rallying at moment .....3090 and nothing really offered to me to sell yet .....

so.......we finally got that cable selloff based on last weeks bear action ....took a while though !

given the high volatility levels of cable I am really just looking for fast setups and smash and grabbing pips

theres a clear range at moment from 3100-3070 so im playing the resells when offered ......

cable now pulling back .....from 3100 - 3140s......still trying to find a window to resell

gbp looking bull today .....usd and yen selling .......

been buying cable up from 3090s ....been to 3118 so far

still GBP and cable running the volatility show today ...nice pullbacks at times offering me comfortable rebuys around 3130s and taking me up to 3160 so far ........

cant be bothered to chase other half decent options like the Yen bear at moment.........

3180s now cable ....only pair in town for me all morning .....easy meat

cable has flattened....a little ucad selling at moment ...nothing heavy

morning all.....

well the brexit fiasco continues.....

ok after a selloff the GBP is back and doing ok london opening so far....its flattened but ive been in GBP cable since 3260s and it got to 3290s last run up

just took another 78-85 fast scalp but its a little flat at moment

gbp pairs brexit volatility is dwarfing the market most days so im rarely drifting onto other pairs at moment .......

N

just scalped another easy trade 3277 - 3286 so far ...

gbp come way south since my last post ......sorry i am still on borrowed kit in canaries and not able topost as much as usual

i started reselling cable around 3274/5 ...been down to 3208 so far ......

no complaints
N

my last day trading in the canary islands ......my mate will finally get his room back !!

ok again gbp dominates the markets for volatility and opportunities ...you can trade other pairs but they are crawling compared to GBP pairs ....and i need action to make money intraday trading

gbp sold off early doors london ...cable fell to 3200 levels but i really felt we were going to see a bounce off support ....and we did so i got in from around 3220s to 3270 so far ............50 pip range/ move to make money .....

swissie is selling if you fancy other pairs to play

funny old day today .....

gbp up and down like a tarts knickers......

anyway I will keep trying to play a rebuy on GBP ....but with only Cad and swissie as primary sells its tricky

UCAD or UCHF buys more safe at moment