FXCorrelator - Scalping system

really trying isn't it

scalping is being on the lead 3-4 pairs and constantly assessing currency dynamics.......its fast and its ever-changing.........I love it

usd is a pain in the arse at moment .........flat as a pancake ......I have Yen bear cad bull

COME ON DAMMIT

when the usd index is flat the market ceases to offer opportunities .....not just on usd pairs either ...............with no moves from the greenback you don't get the impetus for traders on other pairs to think about switching trades for better opportunities

ok usd gone bear ...........go to UCAD sells and gu buys

back later
my main scalp at moment would be to bopunce buy GU above mid 30's and chase it north
ucad re selling below high 40's

today the best g8 volatitily was so far 7.45 - 9.15 ..rest of time has been severely average

the secret to great trading is knowing when to keep the powder dry and not bleed out lots of poor trades during low volatility ....

i'm better than I used to be ..........but nowhere near perfect !

cheers
N

uj (and ej) finally flying but loads of chop before .............tough period to trade gang

ucad went to 52 then BOOM resold to 44.........scalping is for the quick or the dead ..........

GU went actually to 25/26 .then rebuying to 32 so far .........again hang in there ..........try to get 5 pips in bag and you are b/e then on balance of contracts
N

euros a nice little bear now ..........

GU now ................4442
live calls gang .........live calls .......

ok more live calls here on my scalping thread

all I am saying I suppose is that you can make money scalping .........it just means you need to spend a lot of time finding and perfecting your edge ...........and lots of screen time also perfecting your execution (MM, platform , entries , exits)....till you can do it in your sleep

( I wouldn't recommend the forum posting as well .........but that's my choice !!)

bring it all together and you will be a successful and consistent trader ........
N

http://fxcorrelator.com

hey all

London over now .........how did it go for you ?

Index wise the GBP was the rocknroller currency ........it actually sold off to -40's early opening London and has been to + 40's later in session ...and back south again !!!

that's decent volatility !!

Yen has been a decent sell at times to -40's .......

Cad mainly bull later on is session , Euro been trundling south from 8.30 am

pairs scalped

plenty on offer although choppy at times

GU both ways clearly
Ea a solid seller and reseller at times
EJ and UJ buys and rebuys at times
some ucad selling more recently

anyway a decent day for me ....I did ok up to 8am bar and popped in a couple of times to scalp a few more ...........wish I was able to trade a whole London session but not possible at moment

have a good pm session
N

hey all

an experienced trading buddy has pm'd me and correctly suggested I clarify the comments re London here

London session - depends how you look at it and which markets are opening/closing

but generally that market is 8am - 4.30/5pm

I call early London 6am .........cant think of anything else to call it ...and then when I said London over I meant for me London morning over ...........

given a perfect option of perhaps only 6 hours to trade forex a day I would trade

7.30-10.30 (early London)
1.30 - 4 30 (us opens / crossover London)

at the moment I cant really trade ether much - work gets in the way from 8am normally

but scalping 6-8am every morning still makes me bucketloads more that watching paint dry on higher TF's

N

hey all

wont get back to charts now ............

nice action us opens so far .......

CAD is THE BUY ......storming
GBP nice buys a well
Yen and USD steady sells

pairs trading nicely = plenty !

gu buys / UCAD sells / UJ buys.....reflecting the index moves above

cheers
N

morning all....

overnights

GBP spiked earlier to +100's ....back to +50 now
AUD bull so far to +50's
Yen solid sells to -50,s

London from 6am - early doors
GBP selling off from Asian highs to -15's
AUD the buy to +10's
USD bull
EURO bull

Scalping so far ........
i'm on the GU sells .........slow UJ buys......EA sells now .......

scrappy so far
n

watching EG rebuys as well at moment ........yen strengthening for EJ UJ resells

slow tickover so far ......
GBP is the seller , Yen and AUD the main rebuys ......
so I am mainly scalp selling GU , EJ , UJ when opps come
ucad sells coming now