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Scalping London session 7th Feb

Writer's picture: fxcorrelatorfxcorrelator

Nice morning so far with plenty of action .......

after some teasy warming up the greenback finally got bull and europeans were the sell options ......Red GBP , Blue Euro , Grey CHF.........there was up to 50 pips on GU sells for the brave at times .......plenty of space to scalp 3- 4 times if needed

then all change .........I called some live stuff at T2win and FF for anyone following me (linked below) as i started to buy into GU from 3930's ......ive managed 10-15 pips so far ...peanuts ....but after some nice pip runs selling GU and EJ by the way ...im pretty happy with the pippage ive achieved in a few hours...............

when you scalp trade you are really only looking to go no more than 5-7 pips on stops with 2% capital staked ..........so thats a 2% return for every 8-10 pips I make net in a day .......after comms and spreads usually ...

50 pip selloffs of GU and EJ today .....and now pips made also reversing them

SO - you do the math for returns possible ........ even if you get 1 day a week like this ...its not hard ....just needs patience and discipline and a strong strong edge to see the markets dynamics ....like Strengthmeter based trading

N

http://www.trade2win.com/boards/forex/71854-correlation-trading-basic-ideas-strategies-2633.html#post3012698

PS - courses will be coming in 2018 .......watch this space......but as people know i prefer to trade more than write e-books, so it takes time to get me to the table ......hahahaha


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