FXCorrelator - Scalping system

nteresting afternoon....Cad sold off aggressively and has continued to fall .....3150s bounce was a real nice place to play it and i was a little late in....but still a few pips ....

always interesting when a currency spikes then follows through on news .....

N

hey all

for the week we see a weak broen CAD off of earlier weeks sentiments....nearly 200 pips down at times

Green USD fairing badly as well of FOMCs ...we will see what NFPs do today later .....70 pips south so far

Red GBP done ok so far....100 pips up in the week at times

today its pretty tight so far .....Cads strong .....GBP is ranging ....euro is now falling ....but in truth market is still till pretty tight rangewise since 6am start ....so i stay on sidelines

remember watch the big trenders / players in the week (GBP Bull / CAD Bear) ...Friday is notorious for traders taking profits

N

Hi Neil. I want to ask you only if possible, that Triple Corrie indi can have a 1440 int time period function. Just asking but I fully understand if not. Thank you.

Hi J

here it is ...ive removed the 1 min tf to allow the 1440 daily in

default is 60m , 240m , 1440m

N

Thank you very much Neil

hey all

slow start to week so far ..........nothing much moving outside +/- 10 pips yet from 6am so im pretty light so far

USD bull alongside GBP ....interesting mix that

ive had one scalp out of EU so far selling under that long range on 1min from 1165 down to 1150
.....havnt been back in yet ......

Yen selling as well so no opps on EJ as yet

N

HI

since the voting of BREXIT very hard to trade no momentum and very risky grrrr

Hey E

I cant complain - Brexit has made me a lot of money over the last 3+ years.....and I did about a years profit inside 18 hours on brexit night from here

https://www.forexfactory.com/showthr...235449&page=84

N

slow start today so far ....yen is liveliest and gbp dead as doornail so far

back later

I too did make money I am just talking about the last month only

hey all

A good week for buying USD ....the greenback been solid every day from money ...made positive gains Daily so far ...thats 4 from 4 ......quite rare in fact (hint !!!)

anyway great times to buy USD in all its pairs ......and also to sell Gold/USD as well ......clearly when USD is strong it will force the price of Gold (in dollars) South - unless Raw Gold index is booming as well to offset the negativity

in my goldmeter index below you can see it got boomed hard this week ......the goldmeter is available below in links or ive uploaded it again

N

ok interesting start to week

yen and usd tag team are selling well so far .....lovving it

bloody europeans wont come north...........its the NZD , AUD show so far .....excellent tribal patterns

so im scalping NZDUSD wierdly so far ....not even Cad has stepped up to buy .....normally a great play when most europeans are are sticking to yen usd direction

NU 6350s to mid 65's so far .....

im watching Cable though ....GBP has sprung more bull than bear so far today so willing to hammer it again if offered bloody 2791 bear spike south toooo fast to buy back into so its 2800 now ......watching

N

yep cable came ...banging it to 2817 so far ....

cable to 2890s .....thank you thank you thank you trading gods .....that was a nice surprise for a monday session

N

in looking at some old goldmeter stuff i found this 2015 link to when i actually published some of my daily live performance at the time .......to all scalpers and traders whatever I hope this proves it can be done if you work hard and find something that works for you

N

https://www.trade2win.com/threads/co...4#post-2532716

heres an extract from an interesting conversation i am having with another trader at T2win - do not imagine i am disrepecting my own thread here - as it has a wealth of knowledge and advice for traders new to Forex and relative strength - so read it from day 1 if you want to learn - however if you are and expert Trader in your field as FiboTrader is ..i'm merely trying to save him some time

hey FT

Dont waste your valuable time on the Big correlation thread (unless you really want to) ...someone of your talents will learn little

It grew and grew into a beast as i continued to refine certain areas and test new boundaries ......I also met many fine traders and programmers along the way and they helped me create many derivatives of the humble core FXCorrelator model (that regrettably will never be offered to the General public)

I ditched the intermarket analysis (a la Murphy and others) years ago as for me it does'nt work - like many trading systems that are claimed to work by mysterious gurus and other bullshit artists....I do not mean to sound disrespectful of his work as it was better than most of the thousands i have studied....

Sure on the face of it intermarket correlation and fuzzy logic naturally exists at a superficial level ......and moderate returns are possible when the patterns and correlations are right ......but I have found them transient and insufficient to justify extended focus and interest

in the end after hundreds of mutated experiments I am pretty simple and purist these days .....My strengthmeter and its derivatives give me an edge in spotting the best pairs to trade and then my secondary more PA / indicator based systems flag up key patterns and signals when they offer......candy from a baby as long as the market has volume and time is right

all i do these days at T2win and other forums is share some really basic ideas and concepts around relative strength and try to enthuse and encourage Forex traders to perhaps use them in their strategies

I cannot believe how dumb most forex traders are......just following 1 or 2 key pairs religiously when the G8 offers 28 pairs to trade ...... 24/7 ......3 main trading sessions a day and 5.5 days a week .....they trade just say 5-10% of the available active market and feed on scraps ......happily

more money available to me I guess and Traders like yourself where you have a phenomenal edge and are bemused and amazed that others dont see it or follow it ......about 95%+ of them in fact (again luckily for us)

PART 2

I can trade a variety of ways based on what the market is telling me

1 - Continuations into trend
2 - Breakouts (either direction)
3 - Range bound S/R trading
4 - O/B and O/S - retraces

so pretty much the whole range of core stuff most traders use ........probably 35% of the time i'm on strategy 1 when i scalp as long as market is suitable .....35% on Strategy 4 , and 15% on the other 2 ........its hard to be generalist as each market / session is different ...I scalp 90% of the time as any higher timeframes are like watching paint dry and i have less control on external market News and unforseen events...and holding a trade over a weekend would put me in an early grave regardless of ATR and Stop involved .....just my own personal trading personality and character ...I like it fast and tight .... and was made for scalping

my previous post in truth is probably a little too simplistic in truth about "follow what the G8 are doing" and relative strength / weakness .......I do also follow a lot of specific patterns and behaviours of the individual G8 currency indexes and also many tribal / group patterns that give big clues to what is going to happen next .....

again pretty confidential although i let a few out on my thread over the years ....but many are not rocket science ....like Yen and USD in pattern formation both strong or weak is a great market dynamic that will offer easy money on trading the other currencies against them ....although as you are aware these collaborations can disappear much faster than the good old days of Risk on risk off ......(god i miss the easy days of the past )...sprinkle in some CHF correlation as well to spell a full risk pattern and it was easy times.....

there are many many ways to find an edge in trading ......but as in life and business - only a small % master their art and harvest the returns and profits therein ......the others merely exist to feed them as they blindly follow the next faddish system or market with zero discipline or understanding of the trading art.....

good trading
N

hello
well a cannot trade without the correlator, at last, a know witch pair moving up or down liked a crystal ball you see what going to happen thanks again

for me i never think about Forex pairs behavior ......thats too complicated to fathom .....I think about Single currency behaviour (Indexes)..........that drives everything for the 7 pairs any G8 currency is part of ...

heres all 8 ....use whatever you need ......remember they are all independent so cannot be scaled togeher if overlaid on same chart .....just patterns and shape and trends

https://www.trade2win.com/threads/co...8#post-2751802

so pick a currency and look at its behavior using standard PA and whatever else indicator suits .........once you understand what a currency is doing just follow its signals and add whatever secondary currency works best .....

trading pairs is like putting the cart before the horse - well in my books anyway

N

so pick a currency and look at its behavior using standard PA and whatever else indicator suits .........once you understand what a currency is doing just follow its signals and add whatever secondary currency works best .....

trading pairs is like putting the cart before the horse - well in my books anyway

N

heres an example ......GBP is a big player in the G8 as we all know ......its volatile and it really moves .....like Yen ....in fact these 2 guys are more like twice as fast as all the others in G8 (Hint).......

heres the "G" (GBP) index (from last posts indicators) loaded onto a 5min GU chart ......I dont give 2 shits about what USD is doing mainly in a pair .....its normally dawdling along or rangy during scalp sessions .....if it leans in either direction thats even better for me to play into on something like GBP

so can you see how the lower GBP chart offers a stonking support level bounce ? ....yes they do behave like standard pairs so anything goes ....

however on the upper GU its fallen way down below that support level ......why ? ...........because usd in the pairing was very bullish and pushed GU pair beyond the support level ......so that pattern cannot appear on a standard chart where 2 currencies are blended ...I seek purity with thr use of single currencies

so that trade would have been impossible to see on normal charts ....but t was there if you look

thats what i do a lot of the time - i see things no normal trader can see as they are using the wrong tools

and when used correctly that is a serious edge...

N

one more example on daily's...

GBP tries to retest a resistance level ....but you can see that GU is already below that level ...why ? ....because the unshown USD index is hammering bull driving GU south faster than GBP can handle

To me this is the perfect trade ......much better than the last signal .....i have GBP 70-80% certain to reject at R level and usd already driving GU south ..........no brainer to sell it and make money

"his hands cant hit what his eyes cant see" (mahammad Ali)

N