FXCorrelator - Scalping system

hey all
again i have not really had time to trade the market London session
shame - USD was a solid bull so made scalping usd pairs pretty straightforward
most pairs had a chance to buy USd in pair patterns from 6am london opens
look at the lower chart ....thats an Fxcorrelator for USD in green on a 20ma 5min....sold waves of buying all morning ....nice !
N

hey all

quite an interesting interview from mark douglas here.....one of the best explanations about probability / outcome i've seen ......if you dont grasp it you will never stay the course in trading
N

morning all
all about buying red gbp and yellow yen today so far .........big sellers are Brown CAD and Orange AUD..on the fence passengers are the Euro and the USD so far
N

hey all
great morning on the forex markets .......
Euro is storming bull . cad usd and yen the sells ..........excellent !!!
N

euro is like a bloody rollercoaster today .....heres from 6am london...that thing has swung 40 pips in under an hour ..........crazy ....

Apart from using support and resistance levels to scalp on the 1 min time frame.Do you look to the 5 min time frame for direction?

hey there D

aside from the strengthmter confirmation i look at most logical things re my scalping to gain more confluence

S/R
higher TF patterns
trend
timezone/ key times
news releases

most traders are aware of these ....but how everyone uses them is what differentiates winners from eternal losers

N

cracking morning on markets
please tell me you are buying europe and selling japan
N

man o man CAD is THE bomb today ......shes over 100 pips south of London opens and still falling us session killed her ...........GBP doing ok up to + 80s but cad is smooth as silk on Ucad .....

morning all

lively friday ......euro already to + 20's from london opens, Yen and Cad and now GBP taking the bear hits

on my free triple corrie indicator (see website an free links page below)....the CAD and the USD are most with higher Trends .......so Ucad is a cracking buy at moment in trend

N

Fxcorrelator.com

hey all
long long few weeks as my consultancy work keeps me away from scalping much (although i am working with a group on some interesting research).....will try to get more to screens in next few weeks
N

heres my FXcorrelator on a 60 setting for 1 hr .......this is middle timeframe analysis ..lets us see where the potential was for triggering scalps on 5 mins
last week started wth a very bull blue euro so all eyes would have been on trying to buy into it ...a little choppy but it did roll back north before fading midweek
Red GBP was the main bull play all week eh ? .......see how it came up from tuesday and kept running ?
yellow yen opened bear and was sold off again early week
only Brown Cad really took pain as well ......
Turqiose NZD offers sells early week
by mid week it was pretty flat eh ?..........tough to make a buck iver last 2-3 days unless you caught some GBP bull or the Cad bear moves
N

forex flakey today with holidays in europe......
yen selling london .........aud showing main bull on G6......not surprising that european currencies not moving much
usd falling now steadily but sloooooow.........
Scalp wise....
a little EA selling , AU buying , i didnt go GU buys as the trend is generally south on that one for me ........a little EJ buying
but as stated sloow today
N

heres Jack Crook and the gang ........

http://www.blackswantrading.com/blog...willing-to-bet


aside from a few interesting observations on AUD , CAD and USD the main point i like in his blog is that

My editors note is this: I realize correlation isnt causation. I realize correlations can change at any moment because every moment in the market is unique. I realize it isnt always easy to determine which variable leads and which follows in a seeming correlation; it may be neither as both may be driven by some other narrative/variable/rationale, etc. But sometimes divergences in prior correlations which have stood for a while can represent nice setups for a winning trade.


that sums up my entire approach to trading Currency Strengthmeters and Forex correlation patterns (for over 16 years now) ........sometimes patterns occur that have a very high % probability of producing profits
its that simple ......

N

PS ive taken a look on my charts at CAD , AUD and usd in last 10 years ........to me ...sure CAD and AUD are generally moving in same direction ......but to me I dont care about that ........look at the rise of the Greenback .........thats much more important a pattern and selling other currencies into it .............sure Cad and AUD in 2015 for the sells...but certainly not in 2016/2017 .....I GUARANTEE that other currencies will be better to sell that these Commdolls ...........*

all about selling AUD in this mornings london market ........nice solid moves to -20's pips

Euro coming bear,cad the main bull , usd after a nice early bull run is fading

a few scalps around .......seen better mornings

N

morning all

a rare chance for me to scalp this morning...........

euro has been bear ......GBP and cad got bullish ......usd greenback slowly betting bear

not too much to get excited about then ......a little GU buying and ucad selling ........and some ealier EU selling
but nothing to get excited about so far

have a good one
N

hey all

morning fairly quiet from 6am .....euro a tad livelier but not surprising

Euro and GBP been out to +20 pips from 6am so far
yen and Cad sold to -20's
usd is flat/bearish

sooo.........a few pips on the obvious pairs so far for me following above ......

on the triple corrie indicator at bottom of screen (available for free from me)..you can see the GBP is the main bull across the TF's (3 arrows north)......and the AUD is the alpha bear (3 arrows south)...so ive had no issues buying gbp today into signals .....usually on the gu

cheers
N

hey all

what a steady morning session .........USD is Bull from London starting gate and has put on 20 pips in last 2 hours........... euro , AUD and Yen all visited the -10 pips in that time offering some nice scalps

the Greenback is showing triple arrows on 3 higher timframes as well so Solid bull (See lower chart)

wish every morning was like this
N

True
Thanks for sharing.

anyone been on the UJ for last day or so ........what a move !!

it took off around 10 am yesterday ......yen and USD have shared the 150+ approx. pips equally ...classic trade ......

most pair trades we have to take are pretty one sided with usually only 1 of the currencies providing the volatility (like yen or GBP normally).....

usd has had a great bull run last day or so ....

N