FXCorrelator - Scalping system

Nice work!

still on GBP selling since i got back earlier .......Cable has pulled back maximum 20 pips at times off a 150-160 pip drop so far

N

great morning ......GBP just kept selling from 6am

gave away 3-4 pips on 1 failed scalp as cable has retraced .....its back at 50% of 6am opens now ....lets see if Fibonacci has any effect on resells

N

17 pip bull bar on last 5min cable ....that will attract a rebound

wow.....that didnt touch the sides ...buying from 2988 already

that was a boomerang play ..........a big bar followed by weak retrace .....then pile back into the push

already been to 2999......im not saying ot will fly now ...jsut making 5 pip scalps at a time

current 12 bar ATR on 5 min Cable is 10 pips ....that means i am comfortabley able to make 5 pip scalp inside 1 bar .....thats volatility i like !!!!

cable has tried twice already this morning to push back on the bear move from 31st Jan .......as D is showing on higher Timeframes this is interesting .....

however i am a scalper ..........even 1 minute is too slow for me in normal condtitions

all i need is 5 pips ..........not more

not perfect at momemnt but scalping cable up from 2989....been to 98 so far ...i would prefer to be scalping south !!!

3010 and back into opening 6am zone .....hmmmmmmmmmmm

sterling on fire since brexit night

what a morning .....ok its lunchtime and all gone dead ...look at that ATR chart on the 5min

made pips going down and a few coming up (as i was more nervous on retrace)

may not trade again today ....(ive made my pips already) ....will see

N

thanks !

bullshit 10 pip range on cable at moment ....ZZZZZZZZZZZ

3028 entry area for resells right now .....watching

ok dokey.....I see lots of viewers ?...thanks !!!

cable has offered some scalps and i'm on the EJ buys as well ....nice volatility in market across the board ...

ok ive finished for the morning .........

EJ trading faded so not much there ...my main haul came from the eternal CABLE GBPUSD

even on a 5min simple TF chart one can see a rhythm and incorporate a simple system ???

1) go with the main BIAS / Direction / TREND from 6am
2) Hunt pullbacks of 2+ Bear Bars
3) enter on a significant retrace into trend and set up a decent stop position below support line

BUT FIRST USE A STRENGTHMETER TO ISOLATE THE BEST PAIRS TO TRADE

Now i repeat again...that system above is not how I scalp ...... I have some pretty fine tuned sniper systems operating at ultra low pip/time levels that make it easier for me inside for triggers.....but all in all its just detail ......the same principles apply

Find direction
identify / Confirm Pullback signal
identify resumption of trend signal
pull trigger / execute Stops
execute trade and exit strategy
REPEAT


have a great trading day
N

Slow this morning ...real slow ......back later

The secret to successful trading is .......(drumroll) ......

ACTIVE PATIENCE ....sitting on the sidelines alert and ready to trade ....but not trading until the conditions are right ......

almost impossible for me to do as a scalper ......(theres always at least 1 pair worth scalping in the 28 G8 pairs).....but when needed i can