FXCorrelator - Scalping system

still early days this morning (im scalping for a couple of hours)

nothing has really moved enough yet ....

remember as ive just said ...the secret to sucessful trading is not doing dumb / half-assed trades .....and giving back hard earned profits

N

morning all.....

GBP and yen getting sold this morning .......so thats where i am

EJ buys , Cable sells in frame

N

all change for yen now going bull...........i'm still mainly selling cable so stick with it

Hi guys
I'm looking into "online-trading" and considered to invest. So i did my job and research the Review sites that recommend and don't recommend brokers and "software" to trade with.
I found something special, all of them are recommending one broker or software ( kinda pushing it) and it alerted me,
however i found one and i need your opinion did anyone had interactions with trustedbrokerz.com
It looks legit and onto point but I'm still scared by previous sites.
Thank you for any information


run away quickly......very quickly from this garbage.....N

market comparison sites , review sites , expert guide sites

ALL funded from hidden commissions and kickbacks ......regardless of market or products involved ..

even the multi million pound sites like "compare the market" and "money supermarket" in the uk have very very suspicuous roots and funding streams.............they are definitely not providing a full range of options and certainly steering customers towards commission based offers from their "independent" reviews and guides .....nonsense

I have dealt with some of the "independent" expert trading sites out there and they are all ultimately asking me for commissions for referrals .....they have no problem sending traders to crap sites for money .......so go figure !

so smell the coffee and do yuor own due dilligence

its good you ask people here ........we will help without to much bias of pinion.....and at least its our own bias with no commission based opinions !

i would stick to brokers that are

1) Large (funded)
2) Regulated (pref legit countries like US / UK)
3) old (tenure = statbility)
4) easy to deal with (try them)

that way you may pay a little more for spreads / commissions .....but at least you will be able to get yuor money when you need it .....

dont be tempted by some 2 bit startup company in some 2 bit country............you wont ever see your money again .....

N

ok early days so far ....

yen and GBP banging the Bull drums.......but very volatile

and i dont like those guys being on same team .....

All gbp selling now guys ......sell cable

Got last cable sell in around 3050......3015 so far

out earlier at 3015....waiting for more resells ...i was scalping EJ buys earlier but all long long gone

GBP index swung some 60 pips bear in a few minutes and has set the bias for london now

WHAT IS YOUR PROFIT TARGET NVP ?

good question .............targets should be set around more KPI based indicators where the trader analyses their Execution efficiency and effectiveness regarding their current trading models...

so in other words ........how good are you at executing your plan ?

entries
Exits
MM

etc etc .......

profit is an outcome .........which is always uncertain regarding market conditions ............above is much more important

so as an example if a trader is hitting 90% plus on their execution KPIs then eventually they will be doing well profit wise assuming the trading system is robust and backtested profitably already

one cannot predict if a trade will be a 1 pip profit or 500 pips profit............all you can do is be efficient and get it into profit

N

been working cable down from 3036 to 3023 so far again .....

jees its hard work today.....im buying cable at moment ....last 90 mins really

low buys at 3090s up to 3108 so far ......almost range trading at moment

Can you direct me to the most recent rules of your method?
Thanks

hi there B

here is a link to my core indicator and approach ..........my website has all the links to my library of free indicators and forums , blogs etc

i have assisted hundreds of traders over the last 15 years - specialising in strengthmeter based FX trading systems to suit their needs

always happy to talk
N

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

Simple Strategies using the FXCORRELATOR Indicator :-

Ok - I have written literally hundreds of strategies for using my indicator over the last 20 years or so.

However the primary use of this tool is to get traders onto :-

THE RIGHT CURRENCY PAIR(S)

AT THE RIGHT TIME

IN THE RIGHT PLACE

In other words the primary use of this indicator (and any FX strengthmeter) is to ensure traders are only focused on Currencies and related currency pairs with the highest probability of delivering winning trades.

Now there are many interpretations of this - just as there are infinite ways of determining what is a good trading signal or pattern - however in this article I will reduce the criteria to just seeking Pairs with strong trend signals for ease of discussion.

so heres my indicator on a pair that is demonstrating a strong trend .....(attachment 1)

ok lets remove the other currencies just leaving the Green USD and the Red GBP.....(attachment 2)

Better ? - ok if you read the guides published in the signature / links areas below and look at my videos on youtube you will know that the ZERO dotted line on the indicator chart is very important to my trading ......it tells me that any currency index ABOVE the zero is showing bull and strong for the Moving average being used (default 20ma here) and any index line BELOW the zero is showing bear and weak.

can you see how this immediately provides more information than just the dumb and humble yellow 20 MA line on the chart ?

not sure ?....see below and how we can identify the OPTIMUM and powerful situations when both currencies are showing Strength and Weakness at the same time ......(attachment 3)

In this simple strategy we should only consider looking for trades when the 2 currencies are on OPPOSITE sides of the ZERO ......as any other time the currencies are on the same side (either both Bull or both Bear) and NOT displaying strong enough BIAS to consider trading

from this basic benchmark a trader can begin to introduce their more familiar signals / patterns and other indicators that they use to trade the market. However by this simple method they will now be able to remove at least 50-60% of the 28 Currency pairs available to trade in the G8 and focus on the BEST opportunities.

This simple and basic Rule is the foundation of literally Hundreds of FXCorrelator trading strategies I have used over the last 20 years ...it is the building block for many i still use , alongside more traditional chart based patterns and indicators combinations

try it in any trend following strategy and see if it helps you start focusing on the pairs that are trending ....rather than your 2-3 favourite pairs (we all have them) that you trade continuously and follow signals loyally.....

REMEMBER THIS

when you decide to trade a currency pair without consulting the Fxcorrelator there is only a 27/1 chance you are trading the best signal .......do you really want to take that risk ?

More Strategies using the FXCORRELATOR Indicator :-

I have spent the last 20 years trading systems based on this indicator and its derivatives ......please visit the Links page on this website to see the many resources available and the Free indicators , advice and consulting i have provided.

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

I will be running courses again in the future so please register on this site (the CV home page has registration info) and i will be in touch when that happens ....there is no pressure and no hassle from me to join of participate.

People that know me will tell you I am a Successful independent Trader and Business consultant who choses to provide commercial FX training at times based on demand from traders that have profited from the multitude of free training material, indicators and articles I have published in the last 15 years.

I hope you enjoy the indicator and this website / Blog .....please do not hesitate to contact me if you have any questions and i look forward to perhaps talking one day ......

Best Regards and wishing you a successful trading career.....

Neil
NVP

morning all....and april fool !!!

anyway no fooling around this morning ....good bullish start to GBP so far ......

ive been scalping cable up from the mid 3050 levels....up to 3080 so far

cable is back at good rebuy levels ....3055/56 ...get ready for rebuys

yen and NZD are the main sellers at moment ....but not really interesting to me

N

3066 the high ....Cable teasing ...be patient

3077 spike play.......i was back in already fortunately

cable been to 3090 so far but very very spiky....EJ rebuying is a slow burner

N

I was commenting on a forum regarding how traders must adopt a disciplined approach to executing strategies and individual trades ......

in this way focusing on perfect execution will pretty much guarantee positive profit outcomes over time - assuming the strategy being executed is a robust and logical one with proven backtested profitability

I commented :-

I remember attending some seminars by Steve Ward a high performance trading coach ...the guy coaches some of the most successful Traders and Teams in the world.

he talked a lot about high performance teams and individuals in ridiculously stressful situations

SAS , Navy seals , swat teams , Stunt teams , racing drivers .....commercial divers etc etc

the reason they survive and are successful is all down to focusing on perfect execution and adapting to the changing situation REAL TIME ..............the outcome then takes care of itself ......and the odds get stacked heavily onto success

they drill and practice for every situation ....24/7 ..... 365.....nothing is left to chance
....

this is probably more relevant to scalpers (and i talked to Steve a lot about my scalping)........but this is how a trader needs to develop themselves and their approach to trading .............disciplined, risk managed and flawless execution....

survive and thrive......
N

long slog today......but cable has been to 3120 so far ...so the pips are there

swissie was a promising bull for a while earlier ...but has now faded back into the pack

N