shorts be careful — anyone wanting to short be careful, it may go upto daily pivot @ 239.42 and then retrace or continue till R1 @ 240.37 , 5min to 15m min chart looks bullish shorts from those levels stand a better chance, it bounced up from ...

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

added to first post mate, really good..thanks for this..will help us all including me

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

maybe need to add more rules for entry, but that will make it more complicated, i wanted this to be simple and its as simple as eating a apple, lets not complicate things, stick to basics and it will all work and trust the indicators, and do not ...

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

Patience my dear friend, the price never went to 50 as i had told..its bound to come down

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

Price is still in an hourly uptrend channel, it bounced off the lower TL at 238.90 where we also have the daily 61.8, 1hr 50ema and a 38.2 fibo, if this area is broken, then yah more downward movement, otherwise it will head back up to 240.50 area. ...

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

close the trade once its BE or some pips in profit and reenter with ur settings , its much better, not good to change rules

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

well..we all learn, this will make it easier for u not to make again this error , so its ok...if u want to close the trade do so and re-enter when the indicators indicate u to enter

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

well said,. neil risk only what u can afford to loose..coz market can turn 100 pip before we blink a eye

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

we may retrace to 239.45 area before reversing again...

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

if possible increase ur SL to 239.50 , 15 and 30 min TF are bearish

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

m15 and m30 red lag is pointing down..so relax and dont worry..it is falling

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

i still feel price may bounce back from the daily pivot at 238.34, so hang on..but it goes above 239.50 then its trouble

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

lag-2 if u zoom closely is pointing down and its a situation where my SL is same as my earlier trades..so its a good entry..with good risk/reward ratio

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

am in from 239.30 , had a 25 pip SL set , so safe R/R if u want to get in..wait for price to retrace little high and short it with a 25 pip SL..coz if it goes 25 pips up..then 240.50 will come into..so can get in long again

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

offcourse i am but the selling pressure is too much for it to handle..it will crumble, if not now, second attempt

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

yes, first TP is the daily pivot and next is the weekly pivot

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

isnt Lag-2 already down...now sorry that was a wrong lag-2 settings...lag-2 in 5 min is still undecided..but it will go flat...pressure is too much

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

break of 200 ema confirmed thru MACD and trend line

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

here it goes....down, watch the 15m 200 ema for support this time the break is for real and convincing

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

U.S. stock indexes retreated from records after profits — U.S. stock indexes retreated from records after profits at Alcoa Inc. and Valero Energy Corp. trailed analysts' estimates and Boeing Co. delayed the initial deliveries of the 787 ...

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