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FXCorrelator - Scalping system

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  • Post #7,641
  • Quote
  • Oct 15, 2020 6:14am Oct 15, 2020 6:14am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary 15th Oct 2020

4 Currencies have held their trend this week so far .... BULL or BEAR

The yellow Yen has gradually gained every day for 4 days ...solid , reliable , Tradable
The orange AUD and the blue EURO have sold off nicely ....solid as well
CAD is Bull but having a major retrace at the moment ....

the other 4 currencies have danced above (bull) and below (bear) the Zero line ....especially red GBP that once again shows volatility way beyond the capabilities of the others, with the exceptions of Yen and maybe CAD at times

as a Forex Trader you MUST first understand the behavior of each INDIVIDUAL CURRENCY
.....only then start to build strategies and systems to trade them in pairs

only a small % understand this and only a small % make money in forex ......coincidence ? - no !

you cannot overcome what you do not truly understand......

N
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  • Post #7,642
  • Quote
  • Oct 19, 2020 11:11am Oct 19, 2020 11:11am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary 19th OCT 2020

solid day using my indicators ....

BUY EUROPEANS
SELL OTHERS (including green usd)

indicator available here for small charity donation
https://uk.virginmoneygiving.com/FXCorrelator
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  • Post #7,643
  • Quote
  • Oct 25, 2020 6:13am Oct 25, 2020 6:13am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary week ending 24th Oct 2020

interesting week and lots of opportunities for Forex Traders

this indicator is available here for a small donation to the NHS charity
https://uk.virginmoneygiving.com/FXCorrelator

Europeans relatively strong to Wednesday - especially the slow starter GBP
Solid Bear USD and Yen to Wednesday ........then fades

Typical patterns that occur most weeks - watch the divergent build ups to midweek - then watch them crumble

I trade the pairs diverging early week - then hammer the Peaks / convergences/ reversals into the weekend

another style of trading outside of my scalping sessions......so many ways to look at forex market...

if you use the right tools of course !

N
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  • Post #7,644
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  • Oct 30, 2020 9:12am Oct 30, 2020 9:12am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary 30th Oct 2020

indicator
https://uk.virginmoneygiving.com/FXCorrelator

too easy today ....GBP came bull and its then scalping the most appropriate GBP pairs
since i'm on low timeframes the usd is attractive because of the lower spreads

if i were trading higher timeframes to trade the weeks moves i would happily select any pair as the spreads are not so critical for profit.....

have a good weekend
N
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  • Post #7,645
  • Quote
  • Nov 2, 2020 8:39am Nov 2, 2020 8:39am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
hammering Cable buys and UCAD sells at moment

cable at 2931 rebuys looks good ....
 
 
  • Post #7,646
  • Quote
  • Nov 2, 2020 8:40am Nov 2, 2020 8:40am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
BOOm
 
 
  • Post #7,647
  • Quote
  • Nov 2, 2020 8:43am Nov 2, 2020 8:43am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
ive really done ok on cable so far with about 5 good scalps ...lets see if this holds '
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  • Post #7,648
  • Quote
  • Nov 2, 2020 8:46am Nov 2, 2020 8:46am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
dont ever wait to long on a trade .....get out if it stalls
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  • Post #7,649
  • Quote
  • Nov 2, 2020 8:48am Nov 2, 2020 8:48am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
ok one more try then im gone .....
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  • Post #7,650
  • Quote
  • Nov 2, 2020 8:50am Nov 2, 2020 8:50am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
nice gap up....
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  • Post #7,651
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  • Nov 2, 2020 8:52am Nov 2, 2020 8:52am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
ok for trading Cable this is way way beyond acceptable as a move ...its far to slow ......
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  • Post #7,652
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  • Nov 2, 2020 8:53am Nov 2, 2020 8:53am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
im letting it run but will be out in a flash if it rejects 2935
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  • Post #7,653
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  • Nov 2, 2020 8:57am Nov 2, 2020 8:57am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
i took 33 as this is far too slow ......im a scalper and welcome to the real world of trading

no BS here ......glad to have shown you a B/E trade ....plenty of them pan out better than this guys

N
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  • Post #7,654
  • Quote
  • Nov 2, 2020 9:01am Nov 2, 2020 9:01am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
POST MORTEM

yep there was a 6-7 pip scalp there i pulled out on a B/E .....but thats trading .....i miss plenty but save a lot of bad trades with my instincts and experience ....

im not looking to hit big every time .....i just need 4-5 good scalps a day and they were already in bag earlier

trade safe and smart my friends .....no FOMO here

N

imagine that - a trader showing you he missed a trade !
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  • Post #7,655
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  • Nov 2, 2020 9:17am Nov 2, 2020 9:17am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
POST POST MORTEM

i came back in at 2923.....couldnt resist

5 pips scalp and took it ...see how fast the 3 bars were ?
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  • Post #7,656
  • Quote
  • Nov 2, 2020 1:34pm Nov 2, 2020 1:34pm
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary 2nd Nov 2020

READ THE MARKET

ok aside from my scalping adventures on Cable earlier I was also doing some great trades on CAD bull today ....my indicator shows why

DON'T TRADE NON TRENDING CURRENCIES .....its dumb !

Brown CAD was Trending from early london Session this morning .....so team it up with bear currencies and get to trading it !!!!

Green USD is my goto scalping currency......steady pips selling UCad today at times

Trading is simple if you have the right tools - my indicator is here (small donation to charity)
https://uk.virginmoneygiving.com/FXCorrelator

I'm not gaining anything personally .....just trying to help forex Traders make a buck instead of 95% failing miserably...you dont deserve the absolute garbage being now sold on social media ......i'm lucky i've already had 20+ years in forex ...so just warming up !
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  • Post #7,657
  • Quote
  • Nov 4, 2020 7:51am Nov 4, 2020 7:51am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Election Special

Heres a simple graphic of whats happening at moment (i didnt trade in the night but have done ok so far buying USD into market uncertainty then fading it back)

as the Knife Edge drama continues we will see massive uncertainty in market as NY opens

im going to anticipate buying USD again ...depends when certain States declare and
then Trumps immediate response for vote recounts, Scandals and vote Fixing,Plague, apocalypse..... etc

will pop in later as US opens markets up ......my oh my a fun day at last to trade !

N
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  • Post #7,658
  • Quote
  • Nov 6, 2020 6:52am Nov 6, 2020 6:52am
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary 6th Nov 2020

Interesting week.....US Equities have drifted upwards as no firm winner still declared in USA

it maybe called later so fascinating to see Friday action coming into a weekend !

ok ive been mainly selling green USD all Week in sessions
I do like to Trade Cable so mainly been buying GBP
and the very Strong CAD has been a buy play all week in most sessions
orange AUD a safe steady Buy play as well

the FixStart indicator spells it out .......what to buy and what to sell .....Hundreds of traders now use this to see the market and you can as well here (for a small £15 donation to charity)
https://uk.virginmoneygiving.com/FXCorrelator


Good Trading
Neil
NVP
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  • Post #7,659
  • Quote
  • Nov 9, 2020 12:20pm Nov 9, 2020 12:20pm
  •  Nvp
  • | Commercial Member | Joined Nov 2009 | 7,624 Posts
Forex Diary 9th Nov 2020

London Session.....tentative ....i was selling Cable most of the morning off standard patterns

Then the release of good news on a Covid vaccine sent market into orbit

Yen and CHF took the hits ....and USD stayed Bull .....that is a very powerful signal to the market this week

I played EJ buys mainly ....i wasn't trusting U/J that much - despite its obvious good results

USD has stayed relatively strong ....remember that in next few days .....especially if market caves ....it will make it unstoppable

FixStart indicator(shown) is available here for small donation to charity
https://uk.virginmoneygiving.com/FXCorrelator
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  • Post #7,660
  • Quote
  • Nov 12, 2020 3:44am Nov 12, 2020 3:44am
  •  pooh123
  • Joined Jul 2012 | Status: Member | 787 Posts
Hi Neil,

Your fixed start indicator used to work well on my win7 PC. However recently I migrated to a win10 PC and the change brought some issue. The indicator just doesn't display properly. Do you use the indicator in win7 or win10 ? Anyway to fix it ?
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