am expecting price to retrace to S1 before we see any action

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

get used to using Pivots - check the chart — notice how the price reversed exactly from S3 on the chart, this is why it wil be helpful in determining exit and entry points .

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

There is not enough juice left in the trade now, let it retrace to 238.70 to 239 area before shorting it again. As lag 2 is at bottom for quite sometime now, i would rather wait for it to signal a long entry and take the trade for 50-60 pips rather ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

the red lag my dear friend..on the 15 m chart...once it starts to come down or go up..a 200 + profit is assured

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

lol...i dont use trendlines but its seems a good way. i trust the laguerre and the pivots more

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Hi Fxking usually i use only 5min , but was tempted to take this long term trade as the red lag was showing good bearish signs and my risk was only 50 pips , so it worked out well...even if i had taken the 5min, i could have made atleast 100+ pips ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

actually i was short since yesterdays double top at 240.50 , had taken a long term short position based on 15m chart

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

closed at +280, look for a small rest here and retracement to continue

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

+280 lol look for a bounce from 237.35, if that gives way the 235 is in todays reach

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Yen Rises on Speculation Investors Cut Risk as Stocks Decline — Yen Rises on Speculation Investors Cut Risk as Stocks Decline By Kosuke Goto image image Oct. 16 (Bloomberg) -- The yen rose against 14 of the 16 most-active currencies as ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

yes, always lag1 moves first, but what i intented to emphasis is, incase lag1 was already moving up and down even before lag2 has started its move , then you can take a entry based on that

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Same direction means, if for e.g , lag2 is moving upwards and lag1 is still at bottom , that means we can take a long at any movement between lag2 crossing 0.15 to 0.85 upwards and vice versa for shorts. Offcourse the best is to have both the lags ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Hi Sai 1. Change over to 5 min charts, do not use 1 min, it has too much of false signals and is only for those whose spreads are low. Also if you want to avoid the false signals, look the direction of the lags, specially lag2 in 1min,5min, 15min ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Hi mark I am working on the pdf which will atleast have the basic system info , so as to enable any newbie also to generate pips once they setup this on their platform. I will post my new template file today night, as i am tweaking some settings. do ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Thomas if only people stick to only these basic things, it will be easy on them, as these indicators and settings are tested and proven to give fantastic results, so just being simple does not mean its not powerful. good work on the pips imran

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

also felipeds, if you notice , the 200 EMA in red was above and it would have acted as resistance , so this trade for short will be safe to take, just wait till u see the blue lag coming down

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Felipeds the indicator has been optimised with different lag settings so it will not show u the exact cross of the lags, but is fairly better system of identifying the breakouts, so u can take a decision, keep a watch for MA's and ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Hi sai Good to know that you did well, just stick to this basic system and it will be good, no need to add too many indidcators etc, if you have pivot levels and the lag indicators, you can be sure of the targets in mind and just sit back and let ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Karmo with the speed its going , ur target will be reached in 5 mins

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hi radar pls visit chandra's thread and post ur chart there and your query so chandra can help you out with the indicator url imran

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait