We are Global Currency Scalpers, bringing you one of our three successful trading strategies. Centered on scalping of the Forex market. We realize that 65% of Forex traders lose money, some estimate it's as high as 90% of Forex traders lose money. At Global Currency Scalper we run three very successful and time proven trading strategies. This blog is intended to bring you one of those strategies with live Scalping updates. Don't be one of the Forex markets statistics!
Monday, May 4, 2015
New Correlation Trade AUD/JPY & CAD/JPY
*Position Update: As of 05/05/2015 at 00:36 EST The Global Currency Scalper liquidated both sides of the correlation trade with a profit of 73.1 Pips.
As of 05/04/2015 at 21:42 EST:
A nice correlation trade is setting up between AUD/JPY & CAD/JPY. The spread in the correlation is currently 200 Pips, over the past year the max spread has been approximately 400 - 450 Pips.
We will be taking 1/2 our intended position size, if the spread widens to that max spread mentioned above we will add the second 1/2. Australia is announcing interest rates in 3 hours which could provide that opportunity or present us with a profit. The trade is Long AUD/JPY & Short CAD/JPY.
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