FXCorrelator - Scalping system

signals flashing GU will go bull at moment

ucad now 2950.............nice

3303 .......GU in or never guys from 3300 ...........

3297/98.............come out and rebuy in a minute or ride it .............

Boooooooooooooooom.............3315

bloody heart attack stuff ............ok i'll try to run this up then back later

yen and usd bear ......cad bull so the Ucad sell called doing ok at 2944 now

later
N

heres a blog from one of THE best traders in the business

Lance Beggs.......a great trader and a really nice guy as well

helped me a lot to get my head around my scalping transition a few years back

N
http://yourtradingcoach.com/trading-...eep-it-simple/

sorry gang - pretty tied up as the us go into holiday weekend so busy busy busy

talk later
N

will come back on the weeks action when I get time .............cheers N

how long is a piece of string ? :32:

the nature of the relationship between 2 currencies is heavily dependent on many things ......Timeframe traded , timezone and naturally the news events , economic conditions in play at that time

not to mention things like the spread of course and you do have a very very complex mix of dynamics in play !

If we are discussing the G8 then heres my take

Currency 1 - would suggest the USD ........solid , anchor currency , easily tradable all platforms , lowest spread for all pairs , carry trade pattern generally

then you have a tougher choice and it will mainly be dependent on your preference for risk vs return vs volatility , ATR etc etc ...and again timeframe is a huge factor ........

higher volatility pairings - GBP,Yen,CAD ,NZD
lower volatility pairings - EUR,AUD,CHF



hope this helps buddy .............just my thoughts
N

heres the week guys ..have a good one

N

morning all

well its holiday weekend in the states .........markets so far are very very flat and will probably continue that way ......even with post brexit hangovers still being nursed.....

Asian / overnights
AUD to +30's
Yen to -40's
USD bear
Cad bull

London 6am........

ZZZZZZZZZ.........usd and yen to still sub 10 pip bear moves
GBP spiked to +9.............
get the coffee in ..........

pairwise .......so far
thin........

saggered to +10's on GU buys , AU buys
Ea sells to -10

beam me up scotty ....if this stays slow I will get on with some other weeks work preparation instead

N

7am bar goes ..........

Euro bear / AUD bull still in play ...only EA air really any half good ......ea to -30's now from 6am opens

GBP shaping for some sells ....but choppy still

later ....ZZZZZZZZZZZ
N

happy to sell GU below 3285...will follow it south here .need more usd bull

EU sells ok below 1135's ...but will be the slower of the pairs mentioned

4835/6 .........nice offers to resell EA

EJ sells looking better and better

3277.........better

ok you can see the plays

Yen , USD. AUD buys

sell Euro , GBP

back later ....
N

3270 spiked ........enough for most scalpers ...........keep reselling it as it offers