FXCorrelator - Scalping system

ok going to pack up soon as busy on other things .......

ok look at the chart .....5 waves of selling this mornings session on cable (below the open 6am price level)

sure i can see that Cad has been bull and Euro has help bull as well (my EG bull trades were ok as well)

but overall the usual alpha GBP was swinging like a trooper so why fight the obvious ?

great week for me...........no complaints on my daily pip hauls ....


N

https://www.linkedin.com/pulse/tradi...pe-neil-prior/

1) Take a FXCorrelator indicator (available for free here)
2) Find the alpha Bull or Bear Currency (or both)
3) Trade it as a pair in the direction indicated
4) Repeat
5) keep repeating
6) did I say repeat ?

today ...alpha bear is red sterling..........and i like Cable .......

Eat - Sleep - Trade - Repeat

i will need low 3040s to get into cable resells again

do you always take what ever is the Alpha Bull or Bear (or both) at 6am? Do you normally just take the Alpha currency in general and trade it against the weaker pairs? I'm assuming not always against the weakest pair because then there might not be a pull back. I've been looking for a few days now your strategy but I haven't seen any clear rules yet. I'll keep looking. Keep up the good work, and thanks for giving back.

are you ready to resell Cable ? ......watching the 3044.....counting down

sell 3042

if Cable breaks up above 42 come out and we will go in again later .....

9:31 - out at moment just cost me the spread ....thats how i like my losses

2 failed scalps now today ...cost me around 4 pips in total .....and i hate losing

eu perfect at 45 rebuy

3044 resell again

3041...i will not give much away on this one ......b/e at worse

crap morning for me now .....im up ok ....but hate losing trades ....now im fully in the zone and taking no prisoners

3036 ....so tighten and follow cable south ......thats 3 decent scalps on cable this morning getting to 4-5 pips

ok i was just live calling in the zone shown ...........1 crappy faked scalp loss for spread and a 5 pipper ......pretty slow so far this morning but no complaints ......

grinding it out is the mantra for scalpers ...no glory here guys ...just grit and focus

ok been 1 more trade from 3040 to 35 ...really tight though ......
got to grab some breakfast as starving - back later

Cable has continued to sell so had my head down trading it ......

have a good day ...i have
N

hey there - certainly nothing for me this morning much on EJ vs GBP pairs - i need divergence signals

someone asked me shouldnt i have been trading GBPCAD earlier buying CAD


hey guys

ive recreated the chart below looking back ....

The concept of any relative strengthmeter strategies is to generally sell the bears and buy the bulls

looking at the brown cad and red GBP below ......why would I buy the brown Cad into the Bear red GBP ?

the grey swissie is alpha bull .......but I have a soft spot for cable ......my spreads are worse on GBPCAD and I dont like trading 2 volatile currencies unless i'm on faster Timeframes ...........

I classify the 3 main movers as GBP , YEN and CAD .....others tend to be slower ......trade these 3 at your peril together at 5 min TF and below ...unless you are BUCKLED UP

N