FXCorrelator - Scalping system

yen is THE bull guys ......usd as well ..............Euro selling best but gbp catching fast

ucad disappointing so far ..........90's to 00 ranging .........so you would have to be pretty nifty to be doing ok so far really ............hang in there

N

methinks GU has had a bellyful of taking hits .......... buy above 85 for aggressive trading ...........otherwise I need convincing into the early 90's for a bounce play

86............are you a grizzy or a kittycat trader ?

my systems tell me that the gu rebuy is a very very risky trade ..........do I listen to them ?

2804 now the cad is safer ...........87 the GU .......

since 4pm bar indications above

GU = was 4692 .......offered 08 but recently selling....tricky...and I chased it south against all my systems rule and made money .....

UJ = 104.40 ..........never shown a sell so far

EJ - was 118.35 - been down to 118.12 the low - best of bunch

Ucad - was 2793....been to high 2807 so far ....not bad

such is life .........and I really need to get more disciplined .....

not sure how much more the EJ has ,,,,,,,,,118.13 breaches will help the cause

ok back later ........looks like I'm back in business re my work access to systems

cheers
N

morning all.........

sorry re delays .........ive been trading but had to also do some early work stuff as the systems crashed last night and I had to play catch up ......posting comes 3rd !

overnights
cad bull to +50's , GBP late swing to +50's
NZD and CHF the sellers to -30's .....GBP was there as well
Volatile GBP !!!! (surprise surprise)

London from 6am
all GBP buys to + 60's
Yen the main sell to -40's

PAirs being traded so far
Well GJ Is THE buy pair ..........its too volatile for me normally to touch though
GU buys to + 50 have been fine
ej and uj buys to +30s so far

overall the gbp is again on fire today ............it is flying literally as the warm ups begin for Thursday ........easy money if you wait for the natural moves ..........GBP volatility literally drags the GU with it no matter what usd is doing

ok back to the show
N

ea selling nicely now ..........happy reselling below 5160's
EJ and UJ buys charging well..........104.30s / 118.25's are rebuy levels if youve missed latest pushes
if GU drops back to 4690's that's a really nice rebuy level

4716 getting rejected by GU ..............4700 the bounce ..........may be another rebuy before it fades out

sell gu below 4690's...........shes rejecting ........right ?

95 the low then bang rebuys to 4713...........classic range playing

95 the low then bang rebuys to 4713...........classic range playing...that's why I gave it a few extra pips and didn't get pulled into the fake

well all the action is still sitting on Yen and GBP shoulders ......others are passengers
yen is spike bear now

ok gotta scoot ..work calls
back later
GBP is still to me a buy really........and yen the sell.........play that in pairs until something really blows the dynamics
N

nice patterns / dynamics on G8 at moment ........

still recommend playing the GBP bull/yen bear .....

GU still looking strong above 4700 ....that's 70 pips drive from 6am

EJ now at 118.66 ......nice push of 60+ pips since 6am now

UJ not as good as pairs above as USD is bearish still 40 pip drive though since 6am

solid and good pips guys
N

I have been working as a finance / commercial analyst since the 1980's.....most*in fairly senior positions for some of the largest Blue chips in the world.

one of the things I*have to bring to the table for my Directors is a logical and objective approach to support all decision making - from internal decisions on resource allocations ($ costs / people) to also*ensuring that all contracts with external clients and customers are agreed with a full appreciation of the numbers and risks involved to our organisation.

If you know any accountants you will know we are not the worlds most touchy feely people ...our work is very objective and we will conduct all work in a diligent and controlled manner to ensure our customers get what they need from us - the facts and figures !

now as an analyst asked to "run the numbers" on a business case / project / deal (and ive done it hundreds*of times now over the many years) the first thing you do is*

Get all the facts and all the applicable data available to use in the process *no games , no hearsay, no opinions.........they may be useful later to the decision makers but my job is always to give them what we know and can be proved and to crunch the numbers.

so whats this got to do with trading strengthmeters ? ...........a lot actually .........

the first rule in data modelling and analysis is to go down to the lowest level possible to then start to understand the dynamics and drivers of the business model being reviewed........

in laymans terms you have to look under the bonnet to understand how the car actually works ..........

when i started looking seriously at Forex trading in the early 2000's the first thing I*needed to understand about pair analysis was the dynamics of the 2 constituents of any pair *- ie what were the 2 individual currencies doing in that pair at any given time*

BUT- *there was minimal stuff out there in the forex cosmos about this ...........sure i could get 400 million articles on how to trade a pair..........moving averages , fibonacci , price action , support resistance the list is endless.......pair trading has loads of free information and research documents*

but each time i asked someone about the 2 individual currencies*involved in the pair most looked at me like i was an alien !

what do you need to know that for ? ...........the gbpusd is rising ......so the gbp is clearly stronger than the usd ok ? .........who*cares ? .......forget about it !!?*

well actually I do care ..............I'm an analyst remember ?........the deeper and more diligent and more complete my research is the more I can help to make the best decision*in a situation...........skimming the surface does*not help make the best decisions in any situation .....remember that in all walks of life .........

so the reason i always am 100% attuned to the dynamics of both Currency A and Currency B *in the PAIR AB is simple ............Knowledge is power*

so remember that next time i ask you how much did the USD actually contribute to the pair when GbpUsd *goes up 100 pips in a session .....because you cant answer it unless you look under the bonnet .......

and maybe then we can get you into my unique way of looking at forex trading and the massive edge it brings .......

Neil **(NVP)

GU fell back briefly to the 4700 but now been to 4784/85 so far ...that's a lot of decent pips

N