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FXCorrelator - Scalping system

  • #7,361
  • Feb 26, 2020 2:53am Feb 26, 2020 2:53am
hey all

tricky morning and one where inexperienced scalpers will get into trouble ......simply by overtrading and letting the market stop you out consistently

ok ive been very careful so far .....i really need GBP / cable to show me the money ......which hopefully coming now

N
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  • #7,362
  • Feb 26, 2020 3:26am Feb 26, 2020 3:26am
cable has now broken south ......as expected ....
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  • #7,363
  • Feb 26, 2020 3:42am Feb 26, 2020 3:42am
Quoting Nvp
{quote} struggling to find it in my archives ...heres the gold one ...and will come back on crude oil ...personally i thought it was average re performance but will look for it N {file}

Thanks Nvp,

Look forward to having the crude oil meter.

Thanks in advance
  • #7,364
  • Feb 26, 2020 3:45am Feb 26, 2020 3:45am
Quoting civilpes2001
{quote} Thanks Nvp, Look forward to having the crude oil meter. Thanks in advance
still looking........
  • #7,365
  • Feb 26, 2020 4:51am Feb 26, 2020 4:51am
today has been textbook trading for me and how i scalp the london morning session

phase 1 - lots of action and cable was certainly not alpha pair to trade = I stayed fairly out of market
phase 2 - I see GBP falling and start to heavily scalp cable south ...ignote other pairs mainly
phase 3 - better and better extend my wins on cable and keep going .....my primary pair to scalp

thats it ......use forex relative strengthmeters to determine the action and tade it ....works in all timeframes ..

I happen to use it on lowest timeframes as that makes money thr quickest .......and have the time to do it

N
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  • #7,366
  • Feb 26, 2020 6:02am Feb 26, 2020 6:02am
2938 was turnover for latest cable sells......i missed it but still got in ok ...its been to 2929 so far
  • #7,367
  • Feb 26, 2020 6:36am Feb 26, 2020 6:36am
Quoting Nvp
2938 was turnover for latest cable sells......i missed it but still got in ok ...its been to 2929 so far
been to 2921 but loads of turbulence on the way
been to 2921 but loads of turbulence on the way
  • #7,368
  • Feb 26, 2020 8:12am Feb 26, 2020 8:12am
Quoting Nvp
today has been textbook trading for me and how i scalp the london morning session phase 1 - lots of action and cable was certainly not alpha pair to trade = I stayed fairly out of market phase 2 - I see GBP falling and start to heavily scalp cable south ...ignote other pairs mainly phase 3 - better and better extend my wins on cable and keep going .....my primary pair to scalp thats it ......use forex relative strengthmeters to determine the action and tade it ....works in all timeframes .. I happen to use it on lowest timeframes as that makes money...
Which lower time frame? Is it 2 min or 3 min time frame?
With God all things are possible.
  • #7,369
  • Feb 26, 2020 8:40am Feb 26, 2020 8:40am
How reversal/retracement candles you have to see before you go short on GBPUSD pair?
With God all things are possible.
  • #7,370
  • Feb 26, 2020 10:12am Feb 26, 2020 10:12am
Quoting Dehyah
{quote} Which lower time frame? Is it 2 min or 3 min time frame?
Hi Dehyah ....depends on the markets speed ..i use them all

N
  • #7,371
  • Feb 26, 2020 10:13am Feb 26, 2020 10:13am
Quoting Dehyah
How reversal/retracement candles you have to see before you go short on GBPUSD pair?
i'm more focused on ATRs in truth
  • #7,372
  • Feb 26, 2020 10:46am Feb 26, 2020 10:46am
80 pips of sell range now since 6am ......surely enough for anyone to make a few profitable trades ?
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  • #7,373
  • Feb 27, 2020 3:03am Feb 27, 2020 3:03am
hey all

ok all change for me today .....GBP is flatlining / bear alongside a bear USD so cable is not a trending pair for me to scalp as yet .....

so ive gone to the alpha bull Blue Euro on the charts below

30 pip scalp range for me is plenty and EU always offers lower spreads than cable - result !

great morning then so far and cant wait for cable to fire up .....

N
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  • #7,374
  • Feb 27, 2020 5:16am Feb 27, 2020 5:16am
cable came south in the end ......nice selloff to add to my EU trades today
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  • #7,375
  • Feb 28, 2020 3:05am Feb 28, 2020 3:05am
hey all ......

ok its friday ......end of week and what a week with all the volatility .....rocky week for equities market and the coronovirus fears ripping into prices.......this usually translates into more G8 actitivy allowing me to generate more profits....

anyway today has been relatively easy so far ......cable reversed on the 6am bar and has been selling ever since

GBP is alpha Bear

Green usd is flying bear as well so thats not great ....i'm also scalping UCHF south alongside cable

N
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  • #7,376
  • Feb 28, 2020 3:19am Feb 28, 2020 3:19am
usdchf my main play at moment ......euro bull as well ......even EU given some 30 pips on recent bull move
  • #7,377
  • Feb 28, 2020 3:48am Feb 28, 2020 3:48am
Inserted Video
  • #7,378
  • Feb 28, 2020 5:28am Feb 28, 2020 5:28am
market been consolidating after such a great opening few hours .....im off !

i stayed off cable since 8am ish GMT (as per last video).....and UCHF hardely been great since its sell spree earlier

market is consolidating into hopefully a livelier PM session on NY opens .....

back later
N
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  • #7,379
  • Feb 28, 2020 9:52am Feb 28, 2020 9:52am
solid trading this afternoon......GBP selling like hotcakes and Yen THE alpha Bull

Green USD walking flatline path......but easy to use on these guys above in pairs

naturally GBPJPY is THE pair to trade but i dont like the spreads i have to use when scalping.....just me

N
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  • #7,380
  • Feb 28, 2020 10:23am Feb 28, 2020 10:23am
nothing like the Yen to run to when the markets are dumping .....look at the last couple of weeks - Dow dumps and the 3 horseman rise to the top in the G8 ....CHF YEN and USD ......2 Aussie currencies taking the real pain so far off this crisis so far....in fact AUDCHF been down by some 6% at times in that same period.....N
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