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FXCorrelator - Scalping system

  • #6,981
  • Apr 9, 2019 7:39am Apr 9, 2019 7:39am
nice 15pips picked up on USDJPY
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  • #6,982
  • Apr 9, 2019 7:40am Apr 9, 2019 7:40am
Quoting Fredrik7
nice 15pips picked up on USDJPY {image}
excellent !!! - keep sharing and keep trading !!!
  • #6,983
  • Apr 10, 2019 1:05pm Apr 10, 2019 1:05pm
sorry guys - been tied up today and will be tomorrow.....consulting work and some renovation work on house
  • #6,984
  • Apr 11, 2019 5:50pm Apr 11, 2019 5:50pm
finding USD + JPY divergence and working as tag team to easily find trending pair for the day

also using a MTF stoch dashboard as additional filter to confirm PA is actually making movements

thanks NVP for all the correlator info
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  • #6,985
  • Apr 12, 2019 1:13am Apr 12, 2019 1:13am
you are welcome !!!

can you explain the other indicator you have built ? ...looks good !
  • #6,986
  • Apr 12, 2019 6:03am Apr 12, 2019 6:03am
EUR/JPY has been providing plenty of scalping opportunities this morning session, looks to be taking pause before NY open../ maybe reversal imbound
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  • #6,987
  • Apr 12, 2019 6:04am Apr 12, 2019 6:04am
Quoting Nvp
you are welcome !!! can you explain the other indicator you have built ? ...looks good !
Which one do you mean?
  • #6,988
  • Apr 12, 2019 6:12am Apr 12, 2019 6:12am
NVP I often notice that when one currency is hitting S/R zone many other pairs are too, i guess this is to do with how all the currencies are all correlated in some way??
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  • #6,989
  • Apr 12, 2019 8:16am Apr 12, 2019 8:16am
AUD pairs continuing to push higher after retest of ydays daily open and NY open
(2nd correlator reset for befor NY open)
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  • #6,990
  • Apr 12, 2019 9:43am Apr 12, 2019 9:43am
excellent work Frederik.....so good to see you really starting to explore how good this approach is

sorry = i am tied up in meetings all day today - apologies and am not being able to trade much

i will respond tomorrow when i get more time

meanwhile keep up the great work

N
  • #6,991
  • Apr 12, 2019 11:43am Apr 12, 2019 11:43am
Hi I'm new to this system, sold eu close to ema 20, locked in BE will let it run. Nvp what stop loss and tp you use?
Thanks.

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  • #6,992
  • Apr 12, 2019 12:00pm Apr 12, 2019 12:00pm
Quoting rare
Hi I'm new to this system, sold eu close to ema 20, locked in BE will let it run. Nvp what stop loss and tp you use? Thanks. {image}

hey Rare....

firstly i would neve recommend tradign when both currencies are on the same side of Zero.....then look for retrace opportnities when they are on opposite sides like you have done on the trade mentioned above - excellent

regarding stop losses ........i would look at ATR levels for the timeframe and allow yourself minimum 1 ATR stop....more is better .....also look for last high or low as possible S/L levels as well ......its all about trying to estimate where you take T1 target profit and the risks involved ......

great chart and great idea !

N
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  • #6,993
  • Apr 14, 2019 3:01am Apr 14, 2019 3:01am
Quoting Fredrik7
NVP I often notice that when one currency is hitting S/R zone many other pairs are too, i guess this is to do with how all the currencies are all correlated in some way?? {image}

hi Frederik

you are putting the cart before the horse as we say in England !!!

it is currency indexes that drive the performance of currency pairs (although 99% of traders only ever look at currency pairs in this way )

so when a Currency index like GBP for example is showing a Support or resistance level ......that will generally indicate most of its currency pairs are doing the same thing
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  • #6,994
  • Apr 14, 2019 4:23am Apr 14, 2019 4:23am
hey all

been a busy week for me but sometimes focused on other projects

the G8 this week have been pretty quiet in truth ....nothing got even near 100 pip Bull/Bear divergence from monday zero baselines

plenty of currencies took turns hitting alpha highs and lows......

CAD , GBP and then Euro were the main bulls at times
USD , CHF and Yen were the main bears

hopefully more lively next week

N

http://fxcorrelator.wixsite.com/nvp1...2th-April-2019
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  • #6,995
  • Apr 15, 2019 4:43am Apr 15, 2019 4:43am
morning all ......dead session so far ...cant get anything really moving ....typical monday

yen and usd been pretty neutral really.....euro looking Bull at times ....GBP , CAD and NZD been bear also

when the NZD and or AUD are big players in any session thats a nono for me .....they are C class celebrity currencies...... meaning its pretty ropey out there !!
  • #6,996
  • Apr 15, 2019 5:00am Apr 15, 2019 5:00am
Experiencing the exact same thing for me too, EUR was looking to be potentially bullish but near HTF /S/R,

your fx correlator is very useful fir being able to quickly scan all potential pairs for trends weak v strong
thanks
  • #6,997
  • Apr 15, 2019 5:22am Apr 15, 2019 5:22am
had some success on GBP/CHF 1min + 5min, but its in interesting area on htf, needs to make its mind up
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  • #6,998
  • Apr 15, 2019 5:29am Apr 15, 2019 5:29am
Quoting Nvp
{quote} hi Frederik you are putting the cart before the horse as we say in England !!! it is currency indexes that drive the performance of currency pairs (although 99% of traders only ever look at currency pairs in this way ) so when a Currency index like GBP for example is showing a Support or resistance level ......that will generally indicate most of its currency pairs are doing the same thing {image}
do you have these individual currency indexes to share? completely understand if private and if not
  • #6,999
  • Apr 16, 2019 4:33am Apr 16, 2019 4:33am
Scalping GBP weakness USD strength on 5M

HTF price is in interesting zone, maybe interesting break to upside on H4 soon
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  • #7,000
  • Apr 16, 2019 5:00am Apr 16, 2019 5:00am
Missed good break of EUR strength into weakness... JPY bullish today
all in hindsight however..
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