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- lkthomas replied Oct 9, 2007
fss side, you have red EMA on top of green EMA, which means it is on down trend. guys, I catchup the wave again, take a look before and after chart, +31pips so far now on short USD/CHF
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- lkthomas replied Oct 9, 2007
fss side, first mistake is that you are trade against the main trend which is down trend in your chart: 1. consider the trend (up or down?) next, 2. check the lag indicator and wait for signal (short signal for down trend. long signal for up trend) ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- lkthomas replied Oct 9, 2007
Another catch — guys, another catch on USD/CHF down trend @ 5mins chart, hopfully you guys catch the wave as well.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- lkthomas replied Oct 9, 2007
imransait, right after you told me to wait until I got 70pips, I finally got +100pips closed, I don't know why, but your system works only well on GBP/JPY as far as I could see.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- lkthomas replied Oct 9, 2007
allow the reg lag to come down, u will have +70 pips <--- you mean the red lag? So, we are using 5mins to determine 1-4H trend?! Also, do you think my entry is correct ? Thanks. Hey, I found your method is accurate on GBP/JPY but not on other pairs, ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- lkthomas replied Oct 9, 2007
guys, first of all, I don't understand why I can't book any profit more than 20pips using this system (Please see the attachment) . I am using 5mins chart on GBP/JPY. is it normal at all? I assume 5mins chart would give me a lot of pips in short ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- lkthomas replied Sep 14, 2006
putting short GBP/USD @ 1.8784 with sl 1.8800 as daily 38.2 fib retracement reached, obviously a sign for going down Update: check out 1hour GBP/USd chart, we could see double touch on 1.8799 and bounce back down, further confirm the down trend ...
Thomas trading Journal
- lkthomas replied Sep 11, 2006
USD/JPY: check if 117.77 could break, obviously up trend still going strong
Thomas trading Journal
- lkthomas replied Sep 11, 2006
GBP/USD might be effect by the news within 1hour, enter new position to GBP/USD is a very high risk trading, becare about it.
Thomas trading Journal
- lkthomas replied Sep 11, 2006
because of the slope of moving average, I would expect U/J goes to 117.38 before retrace, beware on it Update: as 117.19 have been broken, next target still be 117.38
Thomas trading Journal
- lkthomas replied Sep 10, 2006
closed GBP/USD long +1pips, something strange there because suppose it will be rise a bit, but it stall on 1.8650 which makes me think that something is going on, so be safe to close it again, non-trend position, no trade at all
Thomas trading Journal
- lkthomas replied Sep 10, 2006
as USD/JPY fail to break 116.80, suggest to long GBP/USD and EUR/USD now
Thomas trading Journal
- lkthomas replied Sep 10, 2006
U/J going to try 116.80, waiting for the result for the trial
Thomas trading Journal
- lkthomas replied Sep 10, 2006
obviously U/J can't break 116.60 and market reject that price then rise again, non-trended position now, wouldn't trade anything at all
Thomas trading Journal
- lkthomas replied Sep 10, 2006
U/J holding on 116.80 now, if this level could hold, up trend might be appear, target 117.19; if this level can't hold, target 116.60 Update: 116.60 obviously will be reach soon, if 116.60 can't hold, 116.41 is the next fall target in the mean time, ...
Thomas trading Journal
- lkthomas replied Sep 10, 2006
as the early morning on forex opening, USD/JPY shows a big reject on 116.99, small fall are expected. suggestion: long GBP/USD or EUR/USD, watch them closely incase another big fall are back. my opened order: long GBP/USD @ 1.8654, target unconfirm, ...
Thomas trading Journal
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Thomas trading Journal
Started Sep 10, 2006|Trading Journals|12 repliesGBP/USD: as friday night (New York Time) just before forex closed, GBP/USD tend to be slow on ...