FXCorrelator - Scalping system

im still looking for Cable buys gang ....around 3.30 i really liked its energy in coming back off the 3080 lows...and got back in from 3100.....it got to 3140s recently

still no other currencies really interesting me

N

hi gang .....sorry been in meetings alongside some scalping

Ok ive been selling GBP most of morning ........it is as usual the most volatile currency london session by miles ....so why trade anything else ?

anyway ive been selling Cable from 3060s down to 3030s so far ...2 good phases generating good pips

N

ok a little scrappy his afternoon.........im still reselling Cable .....been attacking off the 3040's down to 3020s so far last few hours .............hard work but still on selling GBP...

NZD has also been bear mainly.....and CAD also dropped recently .....

USD and Yen solid bulls so no questions on those guys to buy

N

ok GBP got hit hard and finally came back into bull territory from its gains yesterday .....

around 5.30 GMT for me the game changed

around 3070 i got back in cable bull saddle .....cable been to 3120 so far

cad , AUD,NZD the bears now .....

Cable index is back around +100 pips for week so far ...it was pretty much back at Zero earlier

volatility .com

N

hey all....

market still warming up .....yen is bear and GBP now pushing bull..........

naturally im buying Cable ....also buying EJ as well

N

its not really a question of what is best as there are so many variations and derivatives of this type of indicator

Presentation :- you have Heatmaps which represent real time data only (no historic data) , and then more time based traditional indicators (historic data shown on charts).

Indicator methods :- you can have just about any form of method / algorithm that drives the indicator. these can be based around the traditional indicators available for TF based charts (and non timebased charts like Renko and Range bars).

MA based
RSI based
ATR based
CCI based
MACD based
the list is endless .....

my main expertise is using MA based strengthmeters ....(for example my free FXCorrelator) ...but i have worked with most other algorithmic derivatives as well in partnership with some great traders and programmers

my advice is to start with something simple and understandable (like an MA based strengthmeter)

slow morning gang .....a little cable buying earlier ...now its swinging bear .... ZZZZZZZZZZz

ok been hitting cable as a sell since 3160s a few hours back...down to 3130s so far

yen and usd decent bulls now .......EJ selling is there but lower Volatility than the Cable show

N

hey all

ok this morning i had a lot of calls regarding some small business consulting i am involved with

i have been dipping in and out .......

GBP was an early Bull London but has now sold off......

cable had a real pivot level around the 3107 price.....i did try to scalp getting up to 3118 at times but have recently faired much better selling down to 3040s so far .......no complaints

only cad and NZD re also selling off.......rest of g8 are Bulls

N

Hey all......

interesting week .........RED sterling got big by mid week .......+ 150 pips from Monday opens....then came off hard

Yellow Yen was the only bear of any size.....but - 100 pips is hardly sizable move off a weeks activity ......E/J produced a few pips but everything paled to the power of the GBP pair profitability

I chased cable up for 3 days then chased it down for 2 days ...........that paid the bills for the week !

have a good one gang .....
N

hey all

ok gbp selling ..........AUD is the bull so far ......USD is bull as well

ok cable selling down from 3060s to 2040s so far

N

HI NVP, am i right in saying the free FXcorrelator using simple method MA for its calculation? is there other versions for EMA or LWMA?

hi there

yes this is a ma based strengthmeter

i think the version you have is LMWA......

i do have versions but in truth its a marginal difference to performance.....if you ever want to slow it down make the delta setting 2 or 3 as this smooths the signals

N

Morning all ....

ok GBP was early bull........its faded now .........CAD is now pretty strong

i see yen , USD and euro struggling as bears

you do the math what ive been scalping

ive been in Ucad since 3307/8 ............sloooooowly working down to 3293

Found 100/1 on 5 min really good for finding trending pairs strong v weak for scalping on 1 min ,

will look into using 14/3 instead of 20/1 as think this gives less whipshaws

currently reading through your thread on t2w , tag team of usd yen idea works v well
thanks

cable offered a nice move again about an hour ago for resells .....took from 3080s back down to 3070s

cant persuade ucad to sell so far ......but im generally swinging these 2 pairs against each other .....GBPCAD is obviously a better option but i dont trade those levels of spread when scalping .....

N

hey there ....yes you are absolutely correct ...those are both excellent settings

ive also got a lot online here ...... FXCorrelator.com

and also i have a youtube channel under the same name

N

will have a look thanks, been having some success scalping retracements on EURNZD

Excellent work F !

you truly are embracing the power of the FXCorrelator.....full marks !