FXCorrelator - Scalping system

yen still decent sell .......E?J particularly is now over 100 pips up from 6am opens
nice

cracking London morning session
most currencies eased off the accelerator now waiting US opens
nearly 100 pips selloff on the yen from 6ams so plenty of action there to make money for seasoned scalpers ..........swissie made a late bull move as well ...to + 50's from 6am
usd has been bear alongside the yen ......cads been a real decent buy and so to the euro at times .............GBP been a pain and rangy mostly
N

gBP the star so far us session ..good gains ..GU my main scalp pair ...buy
EA buys going ok as well...we have strong Europeans in us session so far

markets consolidating .......euro nosing bear , Cad bear .....tricky

nothing more from me tonight gang .......euro still bear , GBP looks bull , yen coming bull

have a good evening
N

morning all....Friday

overnights
usd,euro,chf bull
yennzd gbp bear

6am opens London
yen solid bull , AUD coming
USD , GBP,Euro , CHF bears

6am pairs - scalping
Ea , EJ ,UJ ....sells all going fine
even AU buys in the frame

not to bad today - stedy eddie
N

hey buddy - that was a good trade .......just a little too aggressive on the S/L

(Personally ? - i'm not scalping GU as the usd is too damn weak..but that's me )

People are probably aware of the controversy that went on when Forexperian was running his threads here at T2win ..I got on fine with F , hes a damn good trader ...and still is ......but many here found him arrogant and strong opinionated and he eventually got banned ***

F used to set incredibly small S/L's .........I couldn't get near him ........but that's how good he was/is.........

stop Losses are one of THE major factors in trading.........whilst I do set pretty tight ones most of the time theres nothing wrong with stepping back and giving yourself some space ...........its better to make a small profit on a call than a silly loss trying to make a little more on the trade from a tighter Stop...........don't try to trade better than you actually are ........ :smart:

N

****Ive been around traders / trading since the early 1980's ..........if people at T2win honestly think top traders are fluffy bunnies then they need to get out more ....F was a pussy cat vs most of the best traders ive worked with .......most don't win popularity contests

usd bear gang ..........nice ........we have bull yen and bear gbp in the frame as well .....play the pairs off that

looking at the weekly action the usd is around the -110/-120 pips down on week......perhaps we may see some traders closing out (ie buying it) the last 2 days of shorting it ..also perhaps a little shorting on Cad and AUD expected today after a reasonable few days bull
N

Regarding SL I use % of ATR, the idea being in tune with curent action and sometimes a hedge (not privit)

hey P

yep - very logical ..........nice system .............will have a play myself on that soon re a customised indicator

N

all change since last post..........Euro bull , USD bull now , AUD bear , Yen bull

nice correlation on Yen / USD helps the action plenty on G8

N

yen bull not doing significant damage to EJ / UJ as Euro and usd bullish as well
EA buys and now GU sells more in play instead

good potential on Yen / USD bull rebounds gang ........

gu looks real promising here off the R 3011.....at 3004 now here so charge in on reconfirmed sells / swing high

3011 spike rejected ......

3008 ............that's first ballsy call level

if you want to be a trader and go REAL tight on Slops ....that's what you do

cant turn usd over to bull again..........urrrrrrr............UCAD the sell

GU 3010..........right on the line